To lift the company there. In the markets, heres were reset. The action is really in the bond market, cable rate. Everything else is doing a whole lot of nothing. 1 ,cable rate down 7 10 of unwinding any of those maybe we wont have a hard brexit trades over the last what he four hours. The bond market the last 24 hours. The bond market in italy he really hitting a low. Basically, you left, you came back, and it is exactly the same. David except there were tweets from the president about maybe raising some tariffs on china. Alix but in terms of the market action, it is more like bonds are at record low. Shocker. Time to bring you todays market moving news from all around the world. Joining us from london is bloombergs emma chandra, from rome is, taddeo, and on the ,hone rome is maria tadeo is the phone is ma michael khyber. Es you cape from minister heres you cape Prime Minister u. K. Johnson heres Prime Minister Boris Johnson. Pm johnson we will be leaving the eu on october 31. Emma we
Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
Shrugging off the risk. European and u. S. Futures gain despite president Donald Trumps assertion that trade talks with china in september could be called off. The beach. Yields fall in italy following affirmations of the country triple b rating by fitch. The deputy rating man tells that leaving the eu is not part of the plan is he begins campaigning officially. I dont think anyone is scared of democracy. We ask for elections. One should be scared. I dont want elections. We are coming up with strange governments. We just want the people to vote. Net profit aramcos falls by more than 12 in its first ever halfyear report. We will hear from the groups cfo later this morning in an interview you do not want to miss. Look quickly, less than half hour away from the start of cash trading across the continent and in the u. K. It appears to show it is still a risk off trade. Investors are reaching for the safe haven of the japanese currency, now falling down to what all five. 105. You can buy fe
Thirdquarter Profit Guidance also a miss. Up in smoke. Jules defense of its marketing policy goes proof. The company is grilled by lawmakers in washington who say more teens are getting hooked. First to our top story, a tale of two earnings as amazon and alphabet report secondquarter results. Shares of the Parent Company jumping while amazon is heading in a different direction. Alphabet reported revenue that beat the highest estimates, calling concerns of slowing growth at the heart of the largest digital ad company. Sales in the cloud unit grew by 37 , but not enough to top estimates. Joining us to discuss you cover alphabet and amazon, so what is happening here . Alphabet was such a bad q1, that it was easy to step back from the disaster they had. They put a great number up. An additional 25 billion. This is one of the cheapest largecap tech names we cover. It was the worst sentiment going in of any techmeme we cover. It is definitely the least transParent Company, so given the q1 bl
Impact the broader crypto market. From trump, to owe walmart, to zuckerberg. No one is safe from doctored videos that are so good that you cant tell they are fake. One company says it can. First to our stop story. Big Tech Companies were back in washington monday, but not to discuss crypto currency or antitrust, trumps top advisor and treasury secretary called a meeting to talk about the impact of the trade war with china. One stood out. The administrations fight against that and whether the ban should stan. Representatives from microsoft, intel, qualcomm and more. To discuss in d. C. , we have jenny. What is the latest we know about this meeting . Who was there and what was discussed . What we know is that the meeting was called basically to hear a view from the business perspective of this whole debate. Do hear a lot about the fight from the hawks in the administration and on the hill who are in favor of a total decoupling of supply chains. This is the companies opportunity to make t