Of 2020. Feeling the squeeze, the Energy Sector under continued pressure as debt continues to pile up and drillers are taking new steps to drum up desperately needed cash. Well tell you what they are doing as Worldwide Exchange begins right now good morning, good afternoon, good evening welcome to wherever you may be watching lets look at the futures. They are slightly lower on this tuesday. Earnings are ramping up every single day every day but maybe friday is a huge day youve got a number of dow components out procter gamble, mcdonalds, bioagain, novartis, lockheed out. Down on 11 im not saying ignore it but it could change as the hours roll on the 10year is keeping calm. At 1. 78 right now keep in mind, we started the year nearly a full percent higher lets go around the world. Markets there finished higher. Partly because of improving sentiment on those trade talks you saw the Chinese Markets here finish higher in japan continues to inch its way up europe, a little bit different sto
Green, but seeing significant weakness in Consumer Discretionary today. Mcdonalds reporting relatively weak earnings compared to what the street was expecting. That is weighing on the indexes a little bit. We also got bad numbers out of ups. That is also weighing on the s p 500. Treasuries come of the dollar, gold all seeing bids come back into those. On that treasury yield, right now the bondholder undeterred after we had that selloff. They are back in the market today, looking around to buy. Hat dip seeing a little bit of strength in the dollar tethered to what is going on overseas with the pound, also with the yen. A lot of notes out on the future of gold, what is. Going to drive it higher weve been hovering in the what is. Going to drive it higher weve been huff what is going to drive it higher. Weve been hovering around 1500 mark. Guy in europe, we are watching the pound. Boris johnson says he will pull the Brexit Agreement if the timetable is not agreed by mps. Keep an eye on tha
Climatefocused policy. Boris johnson and the new government. The key is the vote that comes withgoing to have to work after the after that. Not the conservatives, but the that is a vote for mps to agree National Democratic party or the green party or some combination of that, maybe even the block. To the accelerated timetable the Prime Minister and his the withdrawal he also had this pipeline that he is in the middle of. Agreement bill to go through in the houses of parliament. Climate on one side they wanted to reach all its stages in the house of commons and the pipeline on the other side of the government purchased by thursday, if not by the end hes got to figure out whether of the week. That is moving ahead. This is the vote that is proving to be more controversial. There are some mps who think these minority governments are this is too little time to debate and pass a piece of only single tenuous because you can always are always a little tenuous because you can legislation as big
Holding this up is primarily the defensives in the utility sector, some consumer staples. Mcdonalds providing a little bit of a drag. Take a look at what is happening in the treasury market. Bond bulls undeterred. A lot of folks said this is going to be a dip buying opportunity, and that is what you are seeing. A lot of uncertainty that had driven the bond rally prior to that selloff, brexit, u. S china trade, those have not been resolved, but you will see the bond bulls remain active in this market. We saw the dollar knocked down a peg. You are going to start to see the price action like this. Take a look at gold. Gold actually had a little bit of a bid earlier today. Now it is flatlining, but holding at that 1500 an ounce level. A lot of analysts say that when you talk about the fair value of gold, they are looking at 1600 allers to 1800 an ounce. Guy lets talk about the brexit thing. Basically, the pound hovering around 1. 29 versus the dollar. We are a little way away from the 1. 3
Section. Carol i enjoyed it and learned a lot. It is this weeks cover story. Bloomberg businessweek editor joel weber joint is now. Joins us now. Private equity touches us in so many ways. Joel we couldnt keep listening to jason go on and on. When we got together about the different ways private equity touches us, we realize there was a bigger story here, which was in the last decade, since the financial crisis, nobody won this decade as much as private equity. Jason now weve got questions and thats how this story shaped up. You posed them to a lot of us in the newsroom. Joel we realized there was a lot of different places we want to go. The fact d. C. Has carried interest. So far, thats bit untouchable. If things change in d. C. , we might see that change. Carol we did see lobbying in terms of private equity firms. They are spending tons of money. Joel tons of money. Also returns. Everyone wants big returns. A World Without yield anywhere, how do i get roi . Private equity promises th