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We also had gains in yuan lifting currencies. You can see the u. S. 10 year yield at 1. 72. The fixing at 7. 04. We are getting breaking news out of the philippines, another central bank that needs to do something because of the world economy. 4. 25, cut the key rate to following india, new zealand, amongst others. Coming up, we hear from the chief executive of adidas about trade wars and global demand. Now, lets get straight to bloomberg first word news in new york city. This morning, oil is rebounding from a sevenmonth low. Looks tos saudi arabia stem the slide and processes in prices. Bloom...

And hang seng modestly higher here. This is after we did see liquidity injections keeping that targeted rate at 315. The chinese 10 year bond has been interesting. Yvonne david 313, lowest level since march. You are looking at sterling here as well. He thinks that it has gotten a little wide here at over 100. Sterling is under pressure. It is under more pressure if you measure that against the euro. A record streak of weekly declines. Continuing ratcheting up of tensions with iran. I guess it is about whether Boris Johnson is going to be the successor of theresa may. Certainly a lot of pound t...

Back now all i know is that that alarm is still its very early when it finally goes off thats hard to when your on vacation does your body clock still make your get up early 730, yeah. What is that three extra hours or something. Thats like a weekend for me. I think we both do that. You cant, after all these years. And i think ben franklin was on to something, i do im not missing anything with that latenight tv, right . And by late night i mean like 9 00. Weve got a lot to tell you about today. We want to get to the futures moves in just a second but i first want to show you how we got here. T...

About 5 from their all time highs. Where is it safe to hide in this stock market we have details as power lunch starts right now and here is where we stand right now. The dow was down nearly 600 points at the lows of the day right off the open, weve come a long way back. Now down just about a hundred points with the nasdaq actually in the green, ever, ever, ever so slightly. The two big laggards are energy and financials well explain why, both down about 2 oil sinking to 50 a barrel. Well have more on that later. That would explain why Energy Stocks are down 1 3 4 . The focus is yields banks a...

Business 1st italy now greece is on a collision course with the European Union over its budget but using sworn in government in athens says it will stick to its Campaign Promise of tax relief but that could mean breaking the truck budget conditions imposed as part of the countrys rescue program. Its a comeback 1st center right new democracy. Its election promises got the party the votes it needed the new cabinet says its ready to get to work. We would go ahead with relieving the tax burden on households and businesses we will promote production productivity competitiveness quality at up to bel...