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00:00WEIGHING A MEETING WITH THE SAUDI ARABIAN MOHAMMAD BIN SALMAN MOM IN A POSSIBLE FOLLOWING O -- THAWING OF RELATOINS. BLACKROCK SAY THEY ARE NOT SEEING A LIQUIDITY CRISIS YET. DANI: THAT OPTIMISM GIVING US THAT FRIDAY FEELING. WE'RE SEEING A PRETTY STRONG REBOUND IN EQUITY MARKETS THIS MORNING. CHINA UP MORE THAN 1%, OR THAT IS THAT LOAN PRIME RATE CUT. WE WILL GET TO THAT IN JUST A MOMENT. UP MORE THAN 1% ON BOTH EUROPE AND NASDAQ FUTURES. I WOULD REMIND EVERYONE THIS IS A PATTERN WE HAVE SEEN, ONE STEP FORWARD, TWO BACK. ONE POINT $1 TRILLION WIPED FROM U.S. STOCKS OVER THE PAST FOUR DAYS. THE WORST WEEK SINCE 2001 AS THE CONCERN SHIFTS FROM INFLATION. I LOVE A LITTLE BIT OF TRIPLE WITCHING. NEARLY $2 TRILLION WORTH OF STOCKS EXPIRED TODAY, ADDING TO THE WRINKLES. MANUS: MOHAMED EL-ERIAN SAYS PERHAPS WE ARE MOVING TO THE NEXT PHASE, WHICH IS THE SECOND DRUG EFFECTS. -- ROUND EFFECTS. YIELDS ARE RISING AGAIN THIS MORNING, OIL IS DOWN AT THE PROSPECT OF MOHAMMAD BIN SALMAN AND PRESIDENT BIDEN MEETING. THAT PUTS THE POSSIBILITY OF OPEC ADDING MORE OIL AT OVER 15%. MR. YEN WAS WITH BLOOMBERG TODAY, AND HE SAID THE BANK OF JAPAN WOULD ONLY BECOME CONCERNED IF DOLLAR-YEN MOVES ABOVE 1.50. YOU ARE SEEING THE DOLLAR UP BY AN EIGHTH OF A PERCENT, THIS IS ONE OF THOSE MOMENTS WHEN THE DOLLAR IS ON POST TO DELIVER THE BIGGEST LOSS SINCE 2020.

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Daybreak Europe Show Open: Seeing Strong Equity Rebound

Dani Burger and Manus Cranny open "Bloomberg Daybreak: Europe" discussing the morning's strong rebound in equity markets. (Source: Bloomberg)

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