Launching that service here in the u. S. Later this month. We are staying at home and we want our groceries and other purchases delivered and quickly. And we are on that story throughout the program today. As for the overall market, dead flat following a selloff on tuesday but keep in mind the dow and s p are up 40 from their march lows and the nasdaq is up 50 since then. Pretty impressive. President trump says he will pressure governors to reopen schools in the fall. This is a major step in getting the economy back on track. Kids go back to school, parents can then go back to work. That, of course, will be an issue for sure in the election, where joe biden has the lead in all of the polls, if you believe them, and even some wall street firms are apparently preparing for a biden win. But we have a democrat pollster coming up in a few minutes who says the race is a lot closer than the polls would indicate. Just wait until you hear what congresswoman ilhan omar wants to do to the economy
We heard from jay powell. We will hear from him again today. The eurodollar, 1. 1278. There is a lot going on, not only about trade. Official taxes that france will vote on. There is a mood on what happened to euro depending on what we get from the ecb minutes that will be released after midday. We will watch for that and any movement on currency. Coming up, we speak with the sao paulo governor, he is joao doria. Plus we will speak to sheriff brown about u. S. Politics. Lets get to the work first word news. Deutsche bank is now being probed u. S. Justice department as an expanded investigation. The u. S. Is reportedly taking a closer look at a former Goldman Sachs executive who later worked at the german bank. Authorities havent accused which a bank of wrongdoing. Another federal probe, the u. S. Investigating frances plan to tax tax giants. Socalled 301 investigation is the same tool donald trump used to impose tariffs on china. Korear japan nor south has much political incentive to c
Eye on even keep an as we see stocks continue to rally. All three major averages trading higher with the dow leading gains in terms of the pace. Lead. Logy continues to we have seen that thus far this year particularly during the rebound from the recent selloff we have been seeing. The stocks with the exception of facebook have been strong. The out performers include qualcomm, which says now it will engage with negotiations with rob kropp broadcom overpricing. The current offer stands at 79 per share. Rising in the market cap surpassing ninth 900 billion per share. We are on record watch for apple. If you are doing that kind of a 17937. It was the record close, 17853. Being upgraded to overweight from neutral over jpmorgan in the wake of hps earnings report, rising 3. 5 . Were taking a look a look at rates and the dollar. All of them were lower earlier. The dollar was lower and they need a little bit of a comeback back right now. It is little changed. The twoyear and the 10 year yield
And she ching ping touches down in hong kong to mark the 20th anniversary of the british handover. President xi touches down in hong kong. Manus welcome to bloomberg daybreak europe. Been a reset in the rulers of the rate world, sending clear messages. Our thinking is changing and our agenda may change. The ramifications have been quite significant in the bond market and in the fx market. Is mark carney back to being an unreliable boyfriend . All those cliches were being used yesterday. Or is he saying, im still waiting for the data, i voted not to change things, and i ofyed put in the middle june. I want to see more data. But of course he did change the nuance and the tone. Line, someller removal of monetary stimulus is likely to become necessary if the tradeoff continues to lessen. The risk, the report. The reward is if you were long , sterling has risen for seven straight days. Weve not seen a winning streaks like this since april 2015. The rate rulers are rewriting the expectations
Near the all time high as the start of earnings season i can cans off. Alcoa tonight. Twitter will live stream the republican and Democratic National conventions. This on the day that the stock gets a downgrade from sun trust. You will look here at a live shot of the microsoft worldwide partner conference where they Just Announced a partnership with general electric. Well talk to Satya Nadella and jeff immelt later on. After fridays job report rally the s p beginning the week within a point of the alltime closing high five points from the intraday high. We head into the unofficial start of earnings season. Alcoa set to report. What a day to come back. Tgs rejuvenating. Take a week off. Im thrilled for the opportunity. Thank you, cnbc. Italy, amazing. You have a full week off. Okay. It was hard. You know. Without you. It was hard. Dont do it again. It was frustrating not to check in. Didnt check in. I will say this. Fridays rally, felt like what the market used to be like when we made n