Restrictions on the u. K. Looks to repair some of the economic damage in todays Spending Review. Words ofs back, the president elect joe biden as he introduces his Foreign Policy team. Janet yellen faces a tricky start, as Steven Mnuchin puts funding beyond her reach. Good morning. 6 00 a. M. In london, 10 00 a. M. Across the emirates. A jampacked show for you, including emirates president tim clark. He spoke to manus cranny about a host of issues in the travel sector. Also, likely an appearance from manus himself. What a day it was and a 24 hours it was, as chris weston put it, a nirvana has dissented over the scended over the market. Dow jones topping 30,000 for the first time. S p 500 index, we do have closing at an alltime high. We are losing a bit of momentum. Flat across the asian market and flat across u. S. Equity futures. We are seeing a steepening of the yield curve, not at the highs we saw recently, but we are seeing it steepening. Jp morgan this morning also saying 10 year
The shares trade lower. Full steam ahead for alstom shares after the french trainmaker says its in talks. Airbus shares hit a onemonth low as they say they deeply regret a u. S. Decision to hike tariffs on europeanmade aircraft. Good morning, everybody. Happy monday the story weve been following the last couple of weeks that has gripped markets and the world, lets talk about coronavirus. Chinese authorities have reported almost 2,000 new cases of coronavirus and 100 new deaths it takes the toll total death toll to almost 1,800 the rise in new cases reverses two days of relative declines over the weekend the 380 american nationals quarantined on the diamond princess cruise ship off the coast of japan disembarked after two weeks. They were put on charter flights returning to the u. S around 40 americans tested positive for the virus and will remain in japan. And europe has seen its first coronavirus fatality after an 08yearold chinese tourist died in france. Egypt also confirmed a case o
Still well above what you would expect at this late cycle. Fears about a u. S. Recession are not showing in this report. Very hard to get a recession in the next 12 months. Higher wages. The labor market is holding in. We were worried about manufacturing and we saw the numbers are hanging fine. The jury is out in the manufacturing sector. Budding there are some signs of some weakness in the employment sector at the fringes. The question is where it goes from here. Jonathan joining me around the table, my guest. Guests. If the payroll report doesnt change what you sour carless of what you thought going into the payrolls report, not a game changer, is it . Is basically confirming status quote for the fed. Theyre on track to cut a five basis points at the september meeting. The real question for me this morning, if it turns out to beweak after the manufacturing data earlier this week, will the market press . There is no fear of that. The pace of job creation is declining. Year00 jobs per
A very warm welcome to you. Bloomberg daybreak europe. It is 6 00 a. M. In london. And the bears are showing their angs this morning. Copper is taking injuries. Dr. Copper has gone on holiday. 1843 is your chart if you want to have a look. Copper valued by 15 in 2017. Is it a shock people want to take money off the table . It is the metal with a phd. It tracks the economy. There is something much more prophetic for 2018. What you are seeing are the stockpiles in shanghai. They are rising for the fifth straight week. If you have such synchronized, robust Global Growth, would you still be seeing a rise in stockpiles and perhaps not a draw . We have talked about it yesterday to results and roads, railways, bridges, thomas. Tunnels. It may abate. Fixed Asset Investment may drop to 12 from 20 . That could have a more prophetic phd. T on the middle of a 1843. How is all of this transferring into the risk radar . Metals are down. You have seen the msci asiapacific come lower this morning, dow
Eurodollar, 1. 20 two. A lot of the conversations today will focus on the dollar. Im looking at gold for a second day, down a touch. Coming up on bloomberg surveillance, we talked doing business in italy and natural gas. Later on, we also speak with margaret from the World Economic forum. She joins us to talk global risks. Plus, janet henry talks trumps first year with us. She the global chief economist there. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Secretary of state offered a sobering assessment about the possibility of war with north korea. Madeillerson said advances the situation very tenuous. He was speaking in vancouver, where top diplomats gathered to explore new ways to enforce sanctions. North koreans know our channels are open, and they know where to find us. But a sustained cessation of threatening behavior is necessary indicator of whether the regime is truly ready to pursue a peaceful diplomatic resolution to the Security Threat it has