i'm kriti gupta in london. th aussie dollar bond market remain unfazed, as the rba keeps rates unchanged, but warns further tightening may be required. in asia, stocks selling off. bonds under pressure. cleveland fed president loretta mester's has one more hike maybe in the cards this year. jamie dimon warning the u.s. 10-year could go much higher than expected. >> can it go to 7%? the answer is yes. are there factors that would drive it higher than where it is today, yes. is supply and demand kaput? yes. kriti: bank of england takes aim at the central bank forecast, predicting permanently higher interest rates in the u.k.. let's get right to the data because you will see action coming across futures. the theme of the day around the world seems to be a more hawkish tone for central banks. do the markets believe it is the major question. take a look at this a lot already underway in the futures market. a lot of this will be impacted by sentiment in asia. euro stoxx 50 futures down 0.8%, ftse 100 futures outperfo

i'm kriti gupta in london. a high-stakes phone call. the u.s.ent and saudi crown prince discuss ways to prevent the war from escalating. it all comes as israel's u.n. and as of the demands the secretary-general resigned for saying october 7 attack did not happen in a vacuum. a tale of two clouds. microsoft jumps in late u.s. trading as their cloud unit azure picks up steam. european bank earnings continue. deutsche bank, net revenue meeting estimates. we will speak to the cfo later this hour. spain's biggest bank is posting better-than-expected third-quarter net income. we will speak to the santander cfo exclusively in a few minutes. that is where i want to take a moment and dive into the numbers. with deutsche bank, they are talking about accelerating their payout to shareholders, higher income from the corporate bank and deposit inflows, offsetting the weaker trading results. a turnaround story and you are seeing real strength when it comes to the deutsche bank story and the broader story banks. trading revenue was propping up banks in the way

i'm kriti gupta in london. israel tells the you and the palestinians in northern gaza need to move south within 24 hours. residents are bracing for a ground offensive. the u.s. and qatar agree to hold off distributing $6 billion in iranian oil revenue. iran is warning to a new front mate open is really -- if it's really where crimes continue. global stocks are under pressure as treasury yields surge around the world. let's get a check on markets because the geopolitical situation is evolving quickly. when you look at the markets, they have their eye on the inflation data in the u.s. yesterday. that is crucial in terms of market trade. euro stoxx 50 futures down 0.3% the surge in bond yields is starting to see pain in the markets. i thought we were done with the higher bond market story which weighed on the valuations and profits of big corporate companies in the u.s. and europe. we are seeing a pullback and what happens when the real yield goes higher and suddenly those profits that the s&p 500 in euro stoxx 60

i am kriti gupta.secutors open the trial against sam friedman -- sam bankman-fried men. more from the courthouse in manhattan. >> over the six-week trial, dozens of high-profile testimonies, including his former girlfriend and someone whose firm had taken money from sam's firm. it is said that working a star is like building a flame -- elon musk tweeted that building a plane is -- building a company is like building a plane. i am sonali basak in new york for bloomberg. kriti: walmart seeing a pullback from people taking an appetite the pressman -- appetite suppressant. the banks are picking up on the changes. we should have to short fast fod credit for some of these companies. the also called out general mills -- international, very food focused companies. these are some of the names coup. you can really this move of appr from the has actually created a curve created a ripple effect. all that coming up on the program. germany stares down a recesion. we bring you the details, next. loving this pay bump

this is bloomberg. ♪ . . >> welcome back, and kriti gupta in london.chultz is wrestling with the future of his ruling coalition government. he joins us from berlin. >> this is 16 states in germany. these are home to munich and frankfurt. more than to any 5% of german gdp. economically significant. this is merkel's party that ruled the country for a great many years. they both took about 35% of the vote. they were the number one party. if you look at it as a litmus test on how the coalition is doing and a referendum on schultz, each of the numbers of the coalition lost ground in both of the regions. the greens lost the most. the fdp and liberals may not even make it into the local politics. for schultz, the interior minister is the one running in hesse. that is a major blow here. this did not go to these parties instead to the far right, the afd. they were the number two party and this is a party that has made their rallying cry about immigration and something the coalition now wakes up on monday morning realizing they need to start to try to address so

i am kriti gupta in ldon.e market pressure you see he stock and bond market is coming from a question of market plumbing from liquidity. there is one person who'sbeen all over the story, who saw it from miles away months ahead of time, i have to say, and that is are very on valerie tytel. we said here, come on set, do it with us together. let's talk about the oz of the curve are inverting today. we are still about -31 basis points away from that inversion version on the two stents. is that likely? valerie: if we look at the two 's, 30's curve, it's definitely in the range to invert today. that curve really steepening, it is catching many people's eye, on this bear steepening. a lot of eyebrows being raised as to what is causing it and what could possibly cause it to end. that two's, 30's curve, i think there is potential to syrian version of that in today's session. if you look at how treasuries are trading in the asian session, we see the bear steepening continue. that 30 yield coming within a whisker 5% over

i am kriti gupta in london.ension simmer in the israel-hamas war as president biden's visit fails to win over arab leaders. the area signaling full backing when it comes to israel. the u.k. prime minister begins his middle east war today as well. a selloff is underway in asian equities. turmoil in the middle east combined with hawkish comments from the new york fed chief pressuring sentiment across the board. we will dive into the details. earnings season is underway. tesla reporting on earnings miss as elon musk dials back growth expectations. on the other hand, netflix soaring after hours in the u.s. session following a pretty big boost to. . subscriber numbers we will hit the major european numbers as well throughout the hour. there's a lot of crosscurrents to really kind of work our way throughout. i want to start with the broader picture and talk about futures trading. risk sentiment is sour over in asia. it's not exactly green on the screen in the u.s. and europe. euro stoxx 50 futures following that asian

i'm kriti gupta in london. tensions in the middle east ratcheting higher after hundreds are killed in a gaza city hospital blast. hamas and israel trade blame. president joe biden is set to arrive in the region but will no longer meet with the leaders of jordan, egypt, and the palestinian authority after they all pull out a vase of it. -- a summit. country garden on the brink of its first default and says it is unlikely to honor offshore payments on time which will feed into concerns over china's economic outlook despite better-than-expected data. the idea that markets see different crosscurrents and china at the core of it. you are seeing the chinese trade of low volume. a quick check on futures. risk sentiment is decidedly lower against something that will be coming off the asia session. your stoxx 50 futures down 0.3%. -- euro stocks 50 futures down 0.3%. you are not necessarily saying a defensive bid. nasdaq 100 futures down 0.2%. asia is setting the tone for this morning's grade. -- trade. there is read on

i'm kriti gupta in london. minister benjamin martin -- benjamin netanyahu without israel will fight until the battle is won. he has also dismissed calls to resign following security failures following the october 7 attack. oliver crook, walk us through benjamin netanyahu's message. oliver: he spoke in english and to international press who gave questions and the press conference was designed to reiterate the points he made so far and justify israel's war efforts, even if there are civilian casualties and trying to draw the distinction between what hamas did and what israel is now engaged in. that is with the backdrop of the growing pressure on the prime minister after he went out on twitter and criticized his own defense and intelligence apparatus, and he was asked at the press conference if he can continue to lead with the popularity falling. he said he had no intention of resigning and the only thing he intended to resign was hamas. the second is the expended ground invasion that is ongoing. we do not have a

i am kriti gupta them unimpaired president joe biden is set to visit israel tomorrow and was uncalled a critical moment for the region. stocks in asia rising as investors await the results of diplomatic efforts that may help contain the israel-hamas war. gold is moving lower. vladimir putin arrived in china on a rare international trip for talks with xi jinping as the u.s. presses beijing to reduce tensions in the middle east. let me bring you breaking news the corporate space. we are getting numbers out of ericsson. the swedish telecom maker has third quarter net sales come in at 64.47, will call it 5 billion swedish krona. he got perhaps a number that they already announced a 5.2% drop previously with 64.5 billion what they announced last week. this is a drop on the 60 billion a year earlier. you are seeing headlines come around their adjusted gross margin. it is 39.2%. the ebitda margin dropped as well. we are waiting for the fourth quarter margin as well especially as we go into a tough time. we are seeing similar market trends for the fourth quarter and headlines across as well.