33 Burst results for "Bloomberg Brian"
"bloomberg brian" Discussed on Bloomberg Radio New York
"If you look at how things are shaping up for the Asian trading day, I go back to my colleague. Right. Right, Steve. Thanks very much, Well Asian equities to look poised to track a bit lower today. That's what the futures are telling us earlier. U. S. Stocks fill investors nervous about Afghanistan after the explosions there and more than 70 dead, including 12 U S military personnel. Also with the Fed symposium at Jackson Hole, and tensions may have increased a little after three non voting members of the F O. M C made some hawkish comments. They urged the Fed to start tapering bond buying this fall. And we'll get you details on that in a moment. S and P 500, The NASDAQ 100 slid. Energy shares led the decline as crude oil fell. Still, w T is weekly gain was still up around 9%. In the end, we had the S and P 500 down 6/10 of a percent. The Dow off a little more than half a percent and the NASDAQ, with a drop of about two thirds of 1% Treasuries were little changed. The yield on the 10 year now 1.34% the dollar rose. The latest jobless claims and the annualized GDP data slightly missed estimates. We had this note out of China this morning. It's a front page commentary in the China Securities Journal. Often quite influential, saying that the PBOC in China is expected to boost credit supply soon after sending the signal of easing through a recent meeting with financial institutions. Gold is steady here, 17 94 announce and looking at Bitcoin. It's trading $47,115 per coin Steve to you. All right, Brian. I think we're going to go over to advance Global news. Islamic state has claimed responsibility for the Kabul airport blasts in the U. S. Says it will continue its mission head. Baxter has that and other global news and Yeah, right. Stephen, the latest now just getting updated figure now and tragedy with Tonio Carpaccio told us at the bottom of the hour. Would be confirmed has been confirmed. 13 now U. S. Service members killed, 18 wounded An Afghan official says. At least 60 Afghans were killed 143 others wounded U S commander there. General Kenneth McKenzie says it occurred at a screening gauge. I know this. He did not get inside. He did not get only installation. It was at the interface point where they try to come in with this attack occurred. And that is where he says heroism on a person by person basis where searches take place where military have to touch clothing, have evacuees breathing on them, And he says, moving forward. We believe it is their desire to continue those attacks and we expect those attacks to continue and we're doing everything we can to be prepared for those attacks, and he says they can be suicide bombers. Gunfire can be rockets and I think our mission remains were still committed. And a flowing people out up until we terminate operations at some point towards the end of the month, he says. A very active search is on for those responsible. Ultimately, Americans have got to be in danger to do these searches. There's really there's really no other way to do it and General Mackenzie says today 104,000 people have been evacuated and President Biden While mourning the loss of US fallen military said the U. S mission is not over of the fallen this day are part of a great noble company, American heroes. Those who carried out this attack. As well as anyone who wishes America harm. No, this We will not forgive. We will not forget. We will hunt you down. Make you pay. Biden, also saying he expects another attack. He says he will send more troops to Afghanistan if they are needed a lot of questions about both for asked of both General Mackenzie and the President Biden about Taliban intelligence. Well number, Defense Department reporter Tony Carpaccio says this would be hard in any case to precisely predict. We're talking about a crowded situation people mulling through I mean, it's pretty tough to Get great intelligence on the suicide attack that the Taliban obviously did not want to happen. There's no evidence that they enable that this is a horrible situation. I met your intelligence could have predicted in point of the exact time or that's just how that would have happened. Yeah, Tony says they will continue not to trust anything but follow up on all in San Francisco. I'm Ed Baxter. This is Bloomberg. Brian. Alright, Ed. Thanks very much. Let's get to our guest. Jonathan Kevin, our senior market strategist at Informa Global Markets. Jonathan, this attack in Afghanistan didn't seem to have a huge effect on markets. I'm just looking at some of the haven investments now Gold and the dollar. Dollar moved up a little with the Bloomberg dollar spot. But it's much less than 1/10 of 1% gold. Really a little changed. Is this at least at this moment, not a huge market event. Yes. Good morning. Well, I think the tragic events in Afghanistan at this stage as you say, look to be, uh, contained from a market standpoint, I guess what will depend on going hold from here is that, um if the U. S withdrawal from Afghanistan does take place at the end of this month That could obviously mean that you know the issue around us and Afghanistan ease kind of dealt with from a short term perspective, but also critically what head of the U. S potentially retaliate. And does that involve countries outside of Afghanistan that if that that happened, then maybe we see as the market take a little bit more concern, But at this stage, it doesn't seem to be having wider implications for the market outlook. Hi, Jonathan. Steven Angle here. I guess it just contributed to the overall concern on the markets. Obviously, the three big Fed hawks coming out, saying they'd like to see tapering earlier than perhaps maybe Jerome Powell is telegraphing..
"bloomberg brian" Discussed on Bloomberg Radio New York
"This is Bloomberg. Brian. All right. Thank you very much. Our guest is Hartman Issel, head of a pack equities and credit at UPS Wealth management. Hartman. Great. Have you on the program? In your notes? You say that Asia's bull run is being tested. And you you cite higher Treasury yields is part of that. Wouldn't you also say that fears of Of tighter monetary policy from the PBOC and also what I would call at a trust hardball by Chinese regulators. Very big part of the story as well. Um, certainly on the PBOC side, Our monetary in, uh, in China has been apart part of it, But I would say probably China runs a bit of head. I mean, they were obviously first in in terms of covert and so to speak first out so they could afford Or they could bring back less easy, not quite as easy policies already a bit earlier, so they're probably a bit more advanced in that process. And yes, that has also has Had an effect on on valuations. Now the regulatory site that's that's interesting after the news that comes out recently, we need to first understand what we need will be the ultimate plan that and what that means something data. Of course, owning data is important and also sort of proprietary on a proprietary basis To to all of competition would be important for the big platforms. Now, we we don't know yet from the proposals whether, um Don't do. The data will not be available, but whether it has to be shared with other competitors bit early to see what the impact is. But a certain the current data market is a bit hesitant because of it. So is that perhaps time to consider taking some profits from stocks and moving into debts as this rate outlook rises. Way actually were overweight Equities and also what you're observing is look at the U. S market, for example, when we're not very far away from from all time highs infect right, so, so it sometimes feels a bit disheartening, but but actually in the market isn't doing that party but it's It's different corners previously neglect the corners, perhaps off the market that are now pulling the weight where they want to call it Reflation trades or Lego trades. But these type of situations and we were quite Like them so we wouldn't necessarily advice to completely go out off equities, but rather to follow, maybe less well explored, Uh, pockets of it for the time being. I was just looking at the Lex column in the FT and it's sort of crystallizes what I think many of us were thinking was, it's about power in China and Chinese regulators not comfortable with size of some of these monsters like 10 Cent and Ali Baba. So as an investor, you gotta look for the smaller companies that there may be doing well, but they're just not as big a threat. Yeah, I would Maybe new onset little bit. I mean, if you look at it in terms off, you know what the also rising rates have 50 under the company's actually as a shareholder and.
"bloomberg brian" Discussed on Bloomberg Radio New York
"Bloomberg's Brian Curtis has got more in Hong Kong, Brian Yes, Paul. Thank you very much. Australian futures down about a half of 1%. We do have a number of market still shut today. South Korea, Hong Kong and China will not trade. We will get some trading on the Tokyo Stock Exchange today. That should be very interesting at the moment. Chicago Nikkei futures at 23,365 So we didn't trade yesterday last trades on Wednesday how to set 1 23,085. So it looks like we will be moving up a little bit once trading gets going at eight o'clock. Again, looking at doll again. 105 57. Not much change. The dollar was weaker overnight, so a little bit of a tilt there for risk assets. The yield on the 10 year Treasury didn't do too much overnight. 67 basis points W T. I crewed $38.59. Now we had a reasonably positive day on Wall Street, but it was herky jerky for sure. And and really, at the moment, we just don't know what's happening with the stimulus. So a little bit on a knife's edge for that, right now S and P e minis are trading up about 1/10 of 1%. W T I crewed down sharply. 38 60. We had copper down sharply more than 3%. Gold. 1911 a troy ounce Doug to you. Well, your guest last hour, Carl Tannenbaum was saying that he doesn't expect to deal on the fiscal stimulus. Before the election, which takes us to our top story, No results yet in these conversations that have been happening between House Speaker Nancy Pelosi and Treasury Secretary Mnuchin They spoke by phone a number of times today and now Pelosi is saying that she does not expect an agreement on stimulus tonight Earlier we caught up and she told us there are still major differences that have to be bridged. We're so live. We're still talking.
"bloomberg brian" Discussed on Bloomberg Radio New York
"Let's get a shake off market action now and head to Hong Kong with Bloomberg's Brian could. It's Brian Julia, Thanks very much trading his mixed At the moment. The two markets have just opened up are mildly positive. So if you're a bull, that's a good story, and also the China futures Trading up 2/10 of 1% that August well for the open in Shanghai and Shenzhen a little bit later. Let's run through some of the numbers. The tax in Taiwan is trading up 3/10 of 1%. The Straits Times Index in Singapore up about 1/10 of a percent and we've had a pretty strong rally in Australia all day today. Up now. 1.5% for the next 200 A good 88 points. Ciba, Australia September flash manufacturing PM I came in pretty strong 55 a half Versus the 53.6 we saw last month in August. We also had Japan numbers just a little better than expected, but still in the contractionary mode, and that's the key. Boone bank September flash manufacturing payment was 47.3. And that was just a tad better than the 47.2. And don't forget. We have the Richmond Fed manufacturing index. There was a surprise to the upside of roasted 21 in September from 18 in August, and believe it or not, the consensus was just 12 on that so There are a lot of people out there, saying that, at least in terms of manufacturing you are seeing a V shaped recovery doesn't mean that the economy's broadly speaking Are are doing so well, But in manufacturing alone, it's it's looking a little bit better. Still, investors a cautious and the cautious for a number of reasons, the rising infections that we're seeing in Europe in the United States. I've had downbeat comments, sometimes confusing comments from Fed officials on the recovery and a lot of squabbling in Washington and cities, private banks, said ultra wealthy investors Are to put it lightly on the defensive. It's all the way up. 84% for those who say that they will exercise quote, extreme caution in their investing profile. Dalian one of 5 13. We've got the Bloomberg dollar responding index up another 2/10 of 1%. That's coloring things. The yield on the 10 years 66 basis points W T 39 56 equities. Well, I mentioned the ones that were higher. We've got a few that are lower to on balance. The Asia Pacific is down a quarter of a percent Doug. So the question is there a need to be cautious, Well, Fed chair J. Powell said the American economy has a long way to go before fully recovering from the pandemic. Powell told lawmakers today on Capitol Hill. There is still much uncertainty about the future. Full recovery is likely to come only when people are confident that it is safe to re engage in a broad range of activities. The past forward will depend on keeping the virus under control and on policy actions taken at all levels of government, So he did say that a recovery is under way in both employment and overall activity. However, to be fair, both do remain well below pay pre pandemic levels. And he also went on to say that further support will be necessary, Jules well In his own remarks, Treasury Secretary Steve Mnuchin said he and the White House continue to seek in agreement with both parties in Congress on another fiscal relief package..
"bloomberg brian" Discussed on Bloomberg Radio New York
"In Hong Kong and here in Singapore on Juliette's Ali. We have training underway in Tokyo City, and so we're an hour away from trading in Hong Kong and Shanghai. We are seeing us some slight gains coming through in these equity markets. The Cosby Up by around half of 1%. The 6 200 Nick A. Both up by around tends to 2/10 of 1%. Singapore exports also he'll either why we'll get more on that shortly with Brian Koda's but the top story we're following today. Netflix, saying it expects to add only 2.5 1,000,000 subscribers in the third quarter, falling short of Wall Street's expectations. Of over five million new customers. We caught up earlier with geisha, Ranga Nathan. And she is a tech and media analyst for Bloomberg Intelligence, saying that despite Netflix weak outlook for the next quarter, it's being a strong year for the company. But you kind of take a step back and look at the big picture. You just look at the first half of the year. They've added 26 million subscribers. That's just two million subscribers. Shard of would be added in the whole of 2019 so this is still of fantastic growth story. Netflix added 10 million subscribers in the second quarter that top to Wall Street's estimates of about 8.3 million. The results coming on a day, where Netflix also named Ted Sarandos, co. Chief executive officer alongside the currency, your raid Hasting surround us was the long time chief content officer at Netflix. We saw Netflix shares decline in after hours trade. Johnson and Johnson, boosting its financial guidance for the year. It is a sign the healthcare giant believes it can successfully navigate the strains brought on by the Corona virus. The company had announced in June that it was accelerating the development of its Corona virus vaccine. It's based on the strength of pre clinical data, which will be published soon. Johnson and Johnson CFO Joseph Wolk was speaking earlier with Bloomberg. Were able to move into trials for humans starting next week. Next ones they to be specific. It's going to be better than 1000 people ranging from the ages of 18 all the way to 65 beyond, so the most vulnerable population will also be studying it as a single dose regimen. As well as a prime plus Bruce regimens. Jacinta Johnson will aim for a final stage trial in mid September. The company said They'll provide a Corona virus vaccine on a not for profit basis. Will, sources say more than a dozen representatives from the Global CEO Council have offered suggestions in a letter to Chinese President Xi Jingping. These include thoughts on China's economic development and also their cooperation with foreign companies. In his reply President she's duping has pledged to provide a more sound business environment for Chinese and overseas investors, he said. Quote Your decision to stay and develop in China is a correct choice. This comes as President Trump's administration has been pushing American and other foreign companies to move their supply chains out of China. Let's get a market check now with Bloomberg's Brian Curtis in Hong Kong, Brian Julia. Thanks very much. Asian stocks are, as you mentioned slightly higher this morning. Earlier, Tech shares had pushed US stocks down for the day was another day of rotation. The NASDAQ was off 0.73%. A Netflix shares in after hours after its earnings were down about eight percenters. So so for a lot of you who are all Baird up with technology in your sights, I would urge you to take a look at three opinion pieces. On the Bloomberg terminal. At the moment, it's just quite extraordinary has happened all come up next to each other, and I have to bring that to you. Growth. Stocks are eating the world and Lee. You have to live with it. That's from Ronald Chan. Also from terror. Lots of pals, she says. Netflix has a moat even buffet would envy and that has to do with streaming. Absolutely just chasing Netflix try to add subscribers to anywhere near the degree that Netflix has done. And the 3rd 1 TSMC shrugs off the hallway band and shows. Who's King? Pretty interesting. Those three pieces, all suggesting that technology is here to stay and In Ronald's piece..
"bloomberg brian" Discussed on Bloomberg Radio New York
"The markets every fifteen minutes during the trading day at Asian stocks have been climbing with US and European futures amid tentative steps to restarting the U. S. economy and a bit of progress on the fight against the corona virus that suggestion from give the ads that they were getting some good results from initial testing traders also seemed to look past the Chinese data which showed that economy contracting for the first time in decades so so some strong gains across the region right now the topics at one point two percent Nikkei up three point two percent the hang Seng up two point four percent CSI three hundred one point four percent the Shanghai come just over one percent up on the KOSPI up three point five percent looking to the European opening right now stocks fifty futures up three point four percent German futures up three percent and the U. S. futures S. and P. up three point four percent Dow three point eight percent and the nasdaq up two point four percent keeping an eye on the phone to markets we're looking there the yield on ten year treasuries climbing four basis points to zero point six six handle and keeping also an oil which has been fluctuating quite a bit W. CI just a fraction under twenty dollars a barrel that's down one point four percent Brent crude at twenty eight point two five that set up one point five percent that's a quick look across what's happening on the markets this morning that's bring you some of our top stories the U. K.'s extended its locked down for at least three weeks joining us European counterparts in pushing the restrictions into may Bloomberg Charles Capel reports the extension means the nonessential workers will still be barred from leaving the homes except exercise what to buy food and medicine and thousands of businesses will remain shot Foreign Secretary Dominic Raab said that while there are signs that she's a working the picture is mixed I'm too many people are still being infected with a disease it came on a day when the U. K. became the sixth country triple more than one hundred thousand coronavirus cases announced a further eight hundred and sixty one deaths in hospitals in London Charles Capel believe the daybreak Europe China's economy recorded the first contraction in decades in the first quarter shrinking six point eight percent year on year Bloomberg's Brian Curtis has more from Hong Kong not so surprising given the lockdown but the contraction was worse than the minus six percent seen in a Bloomberg survey and it was the grimmest since at least nineteen ninety two when the series started factory output down one point one percent in March better than the estimate retail sales of fifteen point eight percent worse and investment fell more than sixteen percent in the quarter even so markets look past the data still the sharp contraction presents a challenge to policymakers on the one hand they need to revive the economy on the other they need to keep the virus in check in on call Brian Curtis Bloomberg daybreak Europe until corporate news shares in Gilead sciences climbed in late trading offer report the coronavirus patients being treated with the drug we're seeing a rapid recoveries in fever and respiratory symptoms no small trial in Chicago with patients with severe symptoms was reported to the scene most discharge from hospital with any to dying from the virus give the ID is aiming to enroll a total of four thousand people in its trials and finally hedge funds failed to provide a hedge in March as the corona virus pandemic Bassett global markets firms run by ray Dalio Michael Hinson and Adam Levinson and others suffer their worst ever losses last month according to preliminary data compiled by Bloomberg three out of the four hedge funds lost money with some funds down as much as forty percent turning to the aviation industry and it says the pandemic may force a tough cool on permanent job cuts the CEO kiam furry spoke exclusively to Bloomberg's guy Johnson about the challenges the playmaker are these customers are facing we have to face a very unprecedented situation and we're facing the treaty to know the situation of the outlines of customers is a very difficult one most of them out there planes to a large extent on the ground that's unprecedented to have this at the global scale and therefore we have two adults we have challenges as when on the supply chain so we are combining for all the data points to to basically move forwards and what we've done in the last week was to define a new pollution writes a new partition planning by plane to be able to give the the right direction to all partners to all suppliers and adapt to the change in the demands of customers are in a new situation we have to add that to that new situation too what are you hearing from your customers so United over in the United States a little bit earlier wrong saying that the mantra travel is essentially zero what are you hearing from other Karius well there's a very large diverse city of situation on the world the situation is not the same country by country region by region and also L. line by line so what we're doing actually used to speak a very poor TV twelve customers individually to find solutions one by one to their to their concerns and actually the situation is to data what it is you mentioned the situation of the United States we have a similar situation with all the headlines but it's a very it's it's a very complex situation it's a lot of work full full of those two adults and find the the height for forward this to a lot of uncertainty on when airlines will be back to service and when we will be back to normal and there which would be the shape of the recovery so that's what we're working on at the moment what do you think of the state say that is being given to certain carriers scam what we think and I think the priority is on the rescuing the outlines that the first hits by these come they make you know obviously and no passengers as you say the very least took passengers flying and as a priority in my perspective is to support the airline's going for these very difficult situation and supporting the airline is also the best way to support the war supply chain so we're looking very much shot all customers data lines but as with the rest of the supply chain to keep you to live in a very unprecedented the paid off challenges so we can keep moving forward and and he covering when the times would be better it looks like Boeing you'll compacts is going to law school since at some point for some form of state aid do you have similar plans we are asking for support as I said before to the airlines to the suppliers are we asking for support in different forms but not seen in their capital from their governments that's good to hear just in terms of of how you see the story developing how much visibility do you actually have at the moment I would imagine very very little so talen the investment bank it was out with that with the reports of the last couple of days saying that it seems that cross deliveries down forty to fifty percent over the next four years four to five years is that what the future looks like to you or do you think that the shock is going to be shorter and sharper well I don't have a crystal ball and we're all trying to assess as I said the the depth and the duration of the crisis we think there will be a large dice difference between the white bodies and and the novel but is that a single family the the later we pulled the vehicle over much faster what's we see full this year and he's probably something like minus thirty minus forty percent in terms of across the region I T. is that the two days on the standing of the situation but it's still very dynamic are we seeing the the the recovery in terms of passengers flying of behind the scenes China already so China is very interesting because it's a place where we can try to assess what would happen for the rest of the world but I think as a figure all food forty to fifty percent over the next four to five years in my view looks quite pessimistic great interview there with the FCA given furry speaking exclusively to Bloomberg right let's get laced in global musically and cares about you stop was revised to virus because in China yes indeed Trojan let's go to those increased Vegas with the official virus death toll almost forty percent hand with the virus first emerged added one thousand two hundred ninety fatalities bringing the nationwide total to four thousand six hundred and thirty six the revision and numbers is G. to patients dying at home without seeing a doctor will be tested as hospitals were overwhelmed during the pandemic speak there was also like ten incomplete reporting at the height of the outbreak now let's go save it to your new coronavirus cases climbed in Spain Italy France and Germany Italy where prime minister Decepticon Tay is considering plans to ease restrictions reported the most new cases in four days out with yesterday Bloomberg's Alessandro specialities says despite this five hundred and twenty five deaths were registered lower than the previous day prime minister does have the content is consulting the plethora of emergency task forces he has to talk to my power to restart for businesses which have been trapped in a nation wide lockdown for six weeks now there were three thousand seven hundred and eighty six new cases of the disease in a row I did some research on it remember the regular German chancellor Angela Merkel's defended the work of the World Health Organization on a conference call with president trump and the rest of the group of seven lead is three Bucks Patrick Donahue has all those details and the talk among world leaders from the group of seven on Thursday the German leader said the crown pandemic can only be defeated with the strong and coordinated international response it was a clear swipe at trump's announcement to freeze U. S. funding for the WHL which has been at the center of efforts to control the global outbreak in Berlin Patrick Donahue Bloomberg daybreak Europe president Donald trump's decision to withdraw funding to the World Health Organization could also delay the plan for polio eradication in Africa global news twenty four hours a day on it and a quick take Mike Bloomberg powered by more than twenty seven hundred journalists and I'm less simple than one hundred and twenty.
China manufacturing plunges in February amid virus controls
"We're seeing another sign that the corona virus is threatening the global economy China's official manufacturing index for February plunged to the lowest level on record Bloomberg's Brian Curtis has more from Hong Kong the PMI hit thirty five point seven from fifty in January the non manufacturing gauge was even worse at twenty nine point six down from fifty four point one the dismal numbers highlighting the devastating impact of the corona virus some of it is self imposed though as virus control measures made it hard for workers to get back on the
Coronavirus: World must prepare for pandemic, says WHO
"Stories the spread of coronavirus cases to Europe and the Middle East he's walking up fears of a pandemic but the World Health Organization says not just yet Bloomberg's Brian Curtis has more from Hong Kong the W. H. O. call may have come to some investors and a number of markets in Asia staged a relief rally but there were plenty of new concerns South Korea announced scores of new cases and more deaths emerged in Iran elsewhere Afghanistan Bahrain and Kuwait confirmed their first cases and Hong Kong is said to have extended school closures until the middle of April in Hong Kong Brian Curtis Bloomberg
"bloomberg brian" Discussed on Bloomberg Radio New York
"More than one hundred twenty countries I'm mark mills this is Bloomberg Brian mark thanks very much let's get to Sporting News Dan Schwartzman is looking at Joseph Marino completing his first signing for top and yeah that's right Brian he completes his first signing it is Getzen Fernandez from them he gets an eighteen month alone Moussa Sissoko out to label that entry that means the twenty one year old midfielder is expected to contribute immediately Fernandes chose Tottenham over inches from Manchester United west ham and Chelsea inter Milan's gonna be acquiring Chelsea striker Livvie Asia road wants him to complete the transfer of the table it's on a Roma Syriana side is agree to a package worth around seven million pounds the thirty three all these let me five total appearances for the gunners this season under new boss Franklin park huge day in European football Manchester United knock it all for granted what Millan half a Cup third round replay natural Trafford Juan mata scoring the sixty seventh minute looking at Copa Italia Juventus beating within AZ for nail you bay getting a brace from polity Bala while AC Milan shuts out style three mil finally Lee get one action by the same Germany four to one win over AS Monaco killing of Bobby scoring a brace for PSG Norman's pelicans announcing that first overall draft picks Diane Williamson will be making his NBA debut on January twenty second against the San Antonio Spurs as a nineteen year old comes off in October knee surgery meanwhile Dallas Mavericks big man Chris stops forcing is expected to play tonight against the Sacramento Kings after missing the past eight games due to right knee soreness look at the NBA scoreboard local teams in action ten minutes remaining in the second quarter in Boston Celtics trailing before twenty seven to twenty six fifty seconds remaining in the first it is broke what half blood Althea Sixers leave and that's twenty five to twenty three in about twenty minutes of tip off Washington on the road at the Chicago Bulls meanwhile New York Giants bring in former Dallas Cowboys head coach Jason Garrett for an interview they're making offense of coordinator position where he's contracted Dallas officially expired on Tuesday let go when the cowboys after nine and a half seasons Larry fitzgerald is going to be back for a seventeen season wide receiver in the Arizona Cardinals agreed on a one year contract thirty six year old the second all time in league history in receptions and receiving yards and is currently six in receiving touchdowns with a hundred twenty on the season if the child about seventy five catches a little over a hundred yards for the cardinals I'm Dan Forsman that you're Bloomberg N. B. C. world sports update back to Brian alright Dan thanks very much twenty minutes here before the top of the hour let's take a closer look at the Japanese market we've got the topics.
Markets move higher as Trump and China signal room for 'calm' in trade talks
"For a look at how things are shaping up for the Asian trading day here's Bloomberg's Brian Curtis one thanks very much let's get some of these opening numbers here China futures just trading in Singapore now the footage on a fifty contract up fifteen points that's about a tenth of one percent the Taiwan market has just opened and the tie axes up two tenths of a percent and the straits times index in Singapore also of two tenths of one percent meantime the head of one of the world's largest sovereign wealth funds is warning that markets are becoming increasingly dire Lin Chao chaos who's the chief executive officer of Singapore's GI C. has sounded the alarm about the state of the economy the world economy he's decrying populism trade protectionism and decline in the ability of governments to markets to deliver broad based prosperity I got you scared well if you look at the markets today at least in the Asia Pacific mostly green numbers here the Nikkei is up four tenths of a percent there's a little bit of optimism over US China talk even though we've got some buffeting comments of the SX two hundred up eight tenths of one percent and over in Seoul the cost be is trading up about a tenth of one percent Dalian one oh seven ninety four so that's a little bit of a stronger yen there and we got the yield on the ten year treasury down to one point seven seven percent whereas two years at one
"bloomberg brian" Discussed on Bloomberg Radio New York
"The protesters a lighting fires at least one am to your station and petrol bombs being hurled at the government headquarters in the Admiralty no indication of letting up the UK Liberal Party has formally adopted the policy of no brexit at the end of October if if it is elected in the general election leader Bo is Jo Swinson breaks that divide by locking clarity on our position we have to be straight forward and honest about our strong belief the our best future is within the European Union on that we set that I very clearly meanwhile likened himself to the incredible hulk Boris Johnson says breaks it will happen no matter what parliament passes or doesn't pass he says he will throw off the manacles like Bruce banner meanwhile you president John Claude younger dismisses Johnson's claims of progress they do meet tomorrow and on the side mark Ruffalo who plays the halt in the Marvel series a slam Johnson for the comparison saying Boris Johnson for gas the halt only fights for the good of the whole matter in strong can also be dense and destructive. global news twenty four hours a day on air and it took talk on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco I'm at Baxter this is Bloomberg Brian thanks very much the time thirty eight minutes past the hour so twenty two to the top let's get the global support rob bush goes in with a look at the NFL rob thanks Brian week two of the NFL a far cry from last week were offences put up record setting numbers unless you the patriots who once again are loaded takes the staff every tree he looks left the fire..
"bloomberg brian" Discussed on Bloomberg Radio New York
"Get back. To work in San Francisco. I'm Ed Baxter. This is Bloomberg Brian. All right. Thanks very much time for sporting news. Dan Schwartzman is here with us. And he's looking at this one, Dan will event get its new manager Bryson. Interesting question, because according to reports Marites, yo, saris exit from Chelsea and introductions. The next manager at you. Vent is being held up. Stanford bridge demanding compensation let sorry out of his contract. So he so he can head deterrence sources say the blues are asking for a payout around five billion pounds or at least a six year old Chelsea legend carton. Darby county boss, Frank, Lampard rumored to be a favourite along with watt birds hobby Grassi at a takeover for sorry at Chelsea, legendary goalkeeper, Gianluigi Buffon deciding how dramatic twelve months, the Forty-one-year-old making twenty five appearances for PS g before now hinting on social media. He'll return to Italy member you spent seventeen glories? Here's the event this they say that it can have a role as a goalie coach for you. Possibly return to Parma where he spent eleven years of I five in there. A youth academy tonight. It is game. Number three NBA finals warriors against the Golden State Warriors against Tronto raptors. It's at oracle arena series tied at a game apiece, Klay. Thompson may not play. The words open. They can sit Thompson as he continues to deal with a sore hamstring baseball scoreboard local teams, bottom five Yankees four Toronto. Three bottom five mezza five nothing beat over San Francisco, top to Texas. One baltimore. Nothing. Boston early in the second painting leading Kansas City to nothing girl. You're Washington six White Sox four coming up later tonight, Oakland at the angels on the sportsman. That's your Bloomberg NBC world sports update Juliette..
"bloomberg brian" Discussed on Bloomberg Radio New York
"Old, but I spend to decide to responded in a like that. Way kind of responded. China's Xi Jinping will visit Russia this week. He's expected to meet with Russian President Vladimir Putin North Korea, Iran. Venezuela on the docket, three days US travelers say they're very wary of the Boeing seven thirty-seven max planes, currently are grounded globally UBS group, a survey has found that seventy percent of those polled would hesitate to book a flight consumer advocate. Ralph Nader says the larger engines on the max of the design flaw has nothing to do with software says the jets must never fly again. Nader's grand niece was killed in one of the crashes or should be noted. Boeing says it's working on correcting all problems before returning the max to service, US House, Democrats are going more and more frustrating, what they call White House stonewalling during all requests for information, the White House today, instructing two more former age not provide documents but hope Hicks reportedly has agreed to turn over her pre-election papers to the judiciary committee and smartphones. Or officially king of media. According to emarketer Inc. US adults. They share. We'll spend more time using their mobile devices than they'll spend watching TV about seventy percent of that time will be spent on smartphones doing Siri. Tell me a joke. Nice dealt. Somebody explain it. I need to either spend more time or a whole lot less. What two zero say. Nice belt, I in San Francisco, I'm Ed Baxter. This is Bloomberg. Brian. You do that live on air to, yes. Excellent. Ed. Excellent. Let's get in Dan Schwartzman. He won't have the answer. But he's got a lot of other answers, particularly on the sports fields and playgrounds of the world Liverpool making some roster moves. Dan, walk me through them. Brian absolutely after they won the Champions League on Saturday. They've made some moves both Daniel Sturridge Berta marina, we'll be leaving Liverpool on free transfers. Both contracts have expired, your Donncha cheery those going to remain with the reds. That's.
"bloomberg brian" Discussed on Bloomberg Radio New York
"That nine sixty skinny. That's exactly right Russia. New Zealand Prime Minister, Joe send ardor and says this is the first time the gloves. Major tech companies have made any kind of commitment. Major companies the like solve on Google YouTube, Facebook, Twitter, and even Amazon were present may today and endorsing the call and committing to action, and that's really significant Ardenne with Francis manual Macron leading the charge initiative called for hate speech to be immediately and permanently taken down in quotes. It should be noted. This isn't legally binding and the nation's individually will have to act US President Donald Trump says he assure Iran will. Want to negotiate soon? This is he pulls all non-essential personnel. From the embassy in Iraq statements indicate intelligence indicates an increased risk of attack from Iran or its proxies in the region. Meanwhile, the president says there is no infighting regarding this in the cabinet North Korea says it is suffering its worst drought in nearly four decades. This amid reports of severe food shortages KCNA blaming the shortages on bad weather and sanctions PGA in northern California. Here officially is at fault for the so-called campfire that tore through the area of paradise, California. That is the finding of the Cal fire investigation. Bloomberg's David Baker says this confirms what PG had said at thought the verdict would be there already lawsuits in the court system. And David Baker says there is a new wrinkle hellfire after finishing its investigation forwarded that investigative report to the Butte county district attorney's office that means that Cal fire thinks it found. Evidence of breaking the law by PTA and Zastava in the DA to take a look at it and see if the wants to file charges eighty-five people died in the campfire. United Arab Emirates says it will retaliate hard over attacks on civilian targets after Yemen drone attacks. Global news twenty four hours a day on Aaron a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg Brian. Thank you very much. Eight minutes here past the hour rish and Brian here in Hong Kong and against his Chuck camello, president and CEO Essex financial services. So Chuck was looking intra-day here. The S and P five hundred jumped fourteen points in three minutes on that possible delay in auto tariffs. But the money rushed into FANG and healthcare not into areas like industrials in retail the areas that have been hit hard by the tariffs on China. So it's only a day, but it kind of. Us the money wants to come in. Right. But it just doesn't see China deal anytime soon. Yeah. Thank you so much for having me on. Yeah. I think you hit it right on the head. I mean, this this market is being moved by these tweets these announcements, and I think it speaks volumes of the past couple of days these big sort of snapback that we've had in middle from the low to the high today was almost a four hundred point swing and finally ended with about a three hundred point swing. But yeah, I think the there's still a very much of a wait and see attitude to see what happens with this trade deal, obviously. And I think the the money coming into the market. I mean healthcare has been beaten up, and there's a awful lot of bullish feelings around technology. I think rightly so, and you know, that money is getting put to work because it's going to be what is he being priced in just a few weeks. Good looked like we had a deal with China comprehensive. Lieven Lieven best buddy sort of deal all the price. Didn't what what's going on? Now. I think that's an excellent point. And I think that's what led to so much of this follow Tilleke because. Yeah. Because again that we've got volatility certainly back and back with a vengeance. But I think he's it's that sac that we thought we were pretty much almost done. And then, you know, out of left field comes the president's tweet that you know, tariffs are coming. And and then further news dripping out that, you know, the Chinese alleged they sort of walked back more stepped away from some of the things that are planning on doing that uncertainty certainly caused a lot of that volatility. But you know, I think again the fundamentals of the US market are strong. And I think everybody feels it didn't both parties best interest that deal should be done and we'll get done. Now. The wild card is when will the the market action seems to be telling us that tariffs are attacks on equities. It just doesn't feel like companies can pass on the prices. So I suppose that means the prophets will be lower right margins. We'll get hit. Yeah. I mean, there's not a lot of ability to pass on a lot of this increase that we might see, you know. And I think again, there is a lot of uncertainty and how it all pans out. And a lot of pain from this is felt in the US agricultural sector sector in terms of our exports to China that will get sort of wacky by their retaliatory measures. But you know, I think it's gonna it's gonna take some time to seal plays out. But I also get the end of the day..
"bloomberg brian" Discussed on Bloomberg Radio New York
"Powerful voice saying the break-up Facebook should be seriously looked at Senator comma Harris has most all Americans engage in some way with Facebook, very difficult for people to be engaged at any level of commerce without so we have to recognize it for what it is essentially a utility that has gone unregulated Harrison CNN. This follows a call to break up Facebook last week by co founder, Chris Hughes US secretary of state by Pompeii on his way to Moscow. He is calling for improved ties. Now that the mullahs report is finished UK, Prime Minister, Theresa may promising to reopen Brexit talks with the European Union on accustoms deal basis. Meanwhile, opinion polls are showing support from Nigel Farraj. Brexit party soaring Farraj on the BBC, frankly. But given this government given this parliament there is no prospect of these parties. Delivering a clean break. Brexit it hit San Francisco. I'm Ed Baxter. This is Bloomberg Brian. All right. Thanks very much. Yeah. Eight minutes here past the top of the hour. Let's turn our attention to crypto currencies here. Bitcoin surged over the weekend and even this morning. We're up over seven thousand dollars per coin. Trading at seven thousand thirty three here at the moment highest levels since you've seen back in August. Bloomberg Asia markets live editor Garfield Reynolds joins us. So Garfield in terms of the developments, you've got the investigation by the new York Attorney General that's one thing and the big hack last week. According to buy of some seven thousand Bitcoin's not exactly sure if that would drive up the value. Whereas maybe US China is helping on that front. How do you see it? Well, that's certainly a possibility. And it's one of the few laudable scenarios because as you say the. So to speak technical fundamentals, not talking marketing Nicosia talking the fundamental the market have have been a little bit doc recently. It is conceivable that some of those worries have faded away, and that in fact, they managed to depress the price of prices of cryptocurrencies to the extent that when there was an external motivation such as Detroit tensions in particularly uncertainty. We deemed China at a time that has been very stone demanded has come out of China for cryptocurrencies that Dan has created. This extraordinary action. The weekend extraordinary action still a long way off the top of nineteen thousand though that we saw in two thousand seventeen and then you've got all these regulatory in hacking consensus, well, especially what happened with by a last week. So I guess how confident people it's going to hold it. These levels. Well, I it's very hard to be confident bitcoin which has round trips. In the white has on several occasions, my famous he said, it went from above nineteen thousand old way back down to like three thousand also as recently Elliott Elliott this year, we now more than double the tonight low where we are now. So I think that's that's a bit of confidence. But I also think you by now because has gone through and cryptocurrencies in general have gone through a lot of hacking stories a lot of bad news like this, and you could survive the mount gawks story, which was much greatest style. Then the recent hacking ones, then probably people thinking you can survive the current difficulties. And briefly what about some of the others like theory and ripple and and light Coyne how they doing well they've all done extremely well in general. It does seem as though bitcoin has been a bit of an out before. Over the last week or so as all of the crypto currencies have picked up different days of same different ones taking the lead. But there were a couple of days last week when bitcoin with off and cerium over wh- down. So it looks like a broader rally. Whatever demand..
"bloomberg brian" Discussed on Bloomberg Radio New York
"Pressing matters without releasing refusing to release what those concerns are the impeachment dance could be heating up in the US. Impeach him for political reasons, and we can't not teaching from Greece. The have to see where the facts take US House speaker naturally Pelosi softening or opposition to impeachment saying the president is Golding them into proceedings. This after being rebuffed on all subpoenas regarding the Mahler report and Senate speaker Mitch McConnell shutting it all down yet on this central question special counsel, finding is player case closed case closed says there'll be no more activity in the Senate to which minority leader Chuck Schumer. I believe that we should have hearings. We should thoroughly investigate them. All the report we ought to see every aspect of the mullahs report. And then we can make a decision and UK government acknowledges that definitely will take part in the European parliamentary elections this month in San Francisco. I'm Ed Baxter. This is Bloomberg Brian. All right. Thanks very much. Ed, the time is eight and a half minutes here past the hour. Our guest is Yousef Abbassi global market strategist at international FC stone. Financial Yousef great to have you back on the program. So let's take a broad look at this because the market selloff gives us a chance to kind of reflect the two big issues last year were slowing global growth at the same time, the fed was tightening. So that was one and the second was the US China trade war, and that fed into the global growth story as well. With what we see happening now does this threaten recovery here in the global economy for the second half. Yeah. I mean, it certainly does. I think the one thing that happened for investors in in early. Twenty nineteen is kind of we we saw the blade twenty eighteen pain turned into early twenty nineteen games fed that stepped into it incredibly dovish posture invited in back these these shortfall strategies, and you know, everyone was buying dips again and readily dying Gibson and now people. People thought was a foregone conclusion when a lot of people had assumed with a done trade deal is now influx. And so you have to reassess your risk and the receiver growth estimates moving forward and assume that there is a little bit of a hiccup here. Oh, absolutely. There was bound to be a gun. Check at some point. Wasn't. It didn't say we wavering for an excuse. Wouldn't you agree? Absolutely. I mean, we've been on the road talking to clients and the one question we get is. So what is that risk where is that catalyst? And a lot of people have just assumed again that trade was going to be done. So the gut check here it didn't come from earnings it came from at tweet. And if you look at it Trump tweeted about trade from months before this so do time and all of a sudden now we've got yield curve inversion back on the front burner. The three months to ten year just three basis points now and the ones and fives, actually inverted. Yeah. I mean, people are always going to read into yield curve inversions and think recession, particularly when you have so much of investing going computerized Allthough driven model driven. But I think we know well enough that both the US and China understand that their best interests. Oughta get a trade deal done to actually allow investors and the capital markets did regain that confidence and for things to start moving smoothly again. So I'm not buying into the idea of, you know, no trade deal in recession. I'm buying the idea of a couple of hiccups, but a deal does get done. Okay. Stay with us. We'll continue our discussion. Yousef Abbassi global market strategist international. FC stone financial we want to update you on markets tilting to the downside year special show today, five and a half hours live an extra hour at the back end. And we started thirty minutes early. So we'll see if we're all still standing at that point. And also tune in for that last hour because we have Jamie diamond more than sitting down with this conversation. And with both Bloomberg radio and Bloomberg television, ten thirty PM.
"bloomberg brian" Discussed on Bloomberg Radio New York
"Fully supported by the US secretary of state, Mike Pompeo says the Russians have interfered with the transfer of power. We've watched throughout the day. It's been a long time since anyone has seen Madero. They had an airplane on the tarmac. He was ready to leave this morning as we understand it and the Russians indicated he should stay. So where is this? Well, Bloomberg's Nathan crook says it is playing I don't know how much support Guido has in the military. I it seems like it might be small. We're still waiting to find out about that. But the images we saw today in look a little different from from what we're used to seeing. So whether it is different or whether the same as a past demonstrations will have to be seen special counsel, Robert Muller, very frustrated by attorney general William bars portrayal of his report in a four-page summary. He reportedly sent a letter objecting to the conclusion that the report appeared to clear the president on possible obstruction. Of Justice, those conclusions lead the led the president to claim that he had been vindicated. The two reportedly then talked a couple of times by phone in the days following Mr. bar testifies before the Senate tomorrow, the house is trying to set up a date for Mr. Muller to testify. Chinese court has sentenced the Canadian man to death in a drug case the second such ruling since the feud over the wall way related cases fan way was sentenced to death in a case relating to the production and sale of methamphetamine in China, the president and democratic congressional leaders say they have reached an agreement of two trillion dollar infrastructure package to as house speaker Nancy Pelosi says get to the basics and important advance that we made in this meeting was the president's real acceptance or maybe just agreement say acceptance because he may have been thinking of this all along, and that is that infrastructure that infrastructure should include broadband. They say they'll meet again in three weeks in San Francisco. I'm Ed Baxter. This is Bloomberg Brian. Thank you very much two trillion. Wow. That is a whopping number first time we've heard that number and enormous. Let's see if it gets done. Let's get to sport Dan Schwartzman step in and then so you're looking at football here. I and apparently Tottenham with a stunning defeat at the Champions League. It was stunning. Brian AIX Amsterdam beats them one known champion Champions League. Semi-final first leg occurred at Tottenham Hotspur stadium..
"bloomberg brian" Discussed on Bloomberg Radio New York
"To and I had confidence that they would left to their own devices. Get the job done a full Bill should be out tonight. They hope for a vote tomorrow. Speaking of UK house of Commons votes, tomorrow and direction for Brexit this well today, Prime Minister, Theresa may clarified statements that she is trying to delay any decision right up toward the deadline. I'm grateful to me that question rather than relying on what someone said to someone else as hurt by someone else. It's very clear the government the government. The government's position is the same as she says to exit March twenty ninth with a deal. Tokyo Electric Power company using a robot to touch mental nuclear fuel inside a wreck reactor at Fukushima Fukushima Daiichi for the first time it was able to move multiple small pieces. It says it's been much more helpful to determine temperature inside and radiation levels, New York. Governor Andrew Cuomo says he's scheduled to sit down with the president to talk about the so-called salt tax Trump tax plan that limited individual deductions to ten thousand dollars. How do you think they financed the tax cuts for the rest of the country? They took it from New York and the democratic states that should be a fun meeting. He says the big states of New York and here in California now pay much more to Washington than they get back in San Francisco. I'm Ed Baxter. This is Bloomberg Brian. Yeah. You think a couple of alpha males there you'd like to be a fly on the wall in that meeting. Wouldn't you? Absolutely. Yeah. All right. Ed. Thanks very much. Yeah. Let's get to sport. You've.
Tencent shares jump 3 percent after Chinese regulators approve new games
"Twenty two down one tenth of one percent. Nasdaq up forty seven up seven tenths of one percent in New York. Charlie pellett. Bloomberg daybreak Asia. Thirty three minutes past the hour. Let's take a look at the Asia Pacific. What to expect today? And what's happening at the moment. Here's Doug krizner. Let's begin with the euro, Brian because we were down quite a bit of New York trading at one point we actually dipped below a buck thirteen that in afternoon trading, which coincided with a report on German or the German government, reducing its twenty nineteen GDP forecast to one percent earlier in the day ECB president Mario Draghi intensified. His warning on the challenges facing the euro area right now, we're dollar thirteen zero six so with euro weakness, the dollar strengthened against the majors. Bloomberg. Spot index picking up about three tenths of one percent on the day slightly. Weaker yen one oh nine fifty three in spite of that pullback, though, we're not seeing a lot of support for futures on the Nikkei trading in Chicago. We're only about twenty points above where we finished in the cash market yesterday in Japan, and in a little while we're going to get the Japanese CPI for the month of December want to get you to Sydney now, we've got Paul Allen. They're looking at the early goings down under and maybe a little taste of what's happening in New Zealand. Good morning, Paul. Yeah. Morning. Doug, gambit of a mixed bag in this part of the world, the dole is continuing its slide. Seventy eighty one the six high by one percent, but I wanna tell you about one of the worst performance today. I am he offers seven percent. This is after the wealth management warned the full year earnings are going to slump another thirty five percent costs piling up there from the financial advice scandal. I am going gonna take another one hundred and sixty million AUSSIE dollar hidden fiscal twenty nineteen on top of an earlier too. Hundred million dollar hit. So those shares easing off today over New Zealand daddy. So looking pretty flat right now dR, all right? Thanks to Bloomberg's Paul Allen here in New York. We had crude oil picking up about one percent. There was a report from the government. The energy information agency actually came out with a rather bearish view on the shale, boom. However looks like the growing instability in Venezuela is carrying the day helped WTI finish above fifty three a barrel right now, we are at fifty three o nine in the electron accession. I'm Doug krizner at Bloomberg. Interactive brokers studio in New York rish. Yeah. Thanks, the two bills aimed at ending. The US government shutdown has failed the two sides in anti gay shading at banks is go global news. And he's in the Bloomberg nine hundred sixty San Francisco newsroom. Yeah. Rish. Thank you. It's back to square one. Well, with the exception that both sides now. No there are two options compromise or leave the agency's shutdown. Bloomberg's Marty Shankar says the two sides now have gone back to the bargaining table. The outlines of some sort of a compromise that would continue that would open up the government for three weeks contain some semblance of border security. And the president says he is open that it will compromise reasonable agreement. I would support again, maybe a pro rated deal on a Wally says, but that a wall has to be part of it earlier in the day Chuck Schumer said he needs to know that the president will sign something that they negotiate last month. The Senate unanimously passed the short term Bill to keep the government open. It was leader McConnell's idea. Everyone thought the president would support it. But President Trump buckled to the most extreme voices in his party. So the talks are still on Japanese whalers say they will form a fleet of at least five vessels to resume commercial whale hunting, July first it says exact locations will be determined by research in June. It says catch quota and hunting scheduled not scheduled and decided North Korea's Kim Jong UN has ordered preparations for a second summit with Donald Trump. He says he will wait with patience and in good faith to work toward a common goal. The issue is what Cam needs from Trump to make any moves toward denuclearisation. The US has ordered non-emergency government employees out of Venezuela and the Trump administration trying to clarify statements made by commerce secretary Wilbur Ross about government workers thirty days of that. Some people will be out. There's no real reason why they shouldn't be able to get a loan. Against. So the president asked about it today, and he efforts what he was he being Ross was trying to say banks are working along. If you have mortgages, the mortgage is the mortgage the folks collecting the interest in all of those things, they work alone. And that's what happens in down like this. They know the people they've been dealing with them for years, and they work along the grocery store and explanation of why they really don't need to rely on food banks global news twenty four hours a day on Aaron a tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg Brian. All right. Ed. Thanks very much. Thirty eight minutes here past the hour. It's time for global sports. Dan Schwartzman
"bloomberg brian" Discussed on Bloomberg Radio New York
"To set out to what parliament does want. Now, she has on inviting MP's all parties to come together to find a way forward. I'm sorry, ma'am. She has already met with several opposition leaders all the labor party leader, Jeremy Corbyn, so far has refused. Now, Brexit minister Robin Walker now says the business is finding agreement between factions inside the UK and make sure that we then. Very clear off some rights approach. And I think it's really important. Now, we have limited time he says, it's not inevitable. That extension has to Kami says he thinks they know what they have to do amid increasing tensions with Beijing. US Pentagon has released a new report that lays out it's increasing concerns about the possibility that China could use military force against Taiwan. It says it's becoming more confident in waging regional conflicts five US military personnel have been killed while on patrol in Syria. Islamic state has claimed responsibility Senator Lindsey Graham says withdrawal at this point may not be right at love to have the opportunity we have to fix their problems without the force of balance. So I would hope the president look long and hard. He's headed in Syria. Yeah. And just after the announcement vice President Mike Pence in an address at the State Department said Islamic state is dead. We're now actually able to begin to hand off the fight against ISIS in Syria to our coalition partners top North Korean official is set to meet with US President Donald Trump secretary of state Mike Pompeo in Washington later this week Bloomberg sources saying this could signal a second summit between the two countries Kim Jong troll, Kim Yong troll will be in Washington Friday. The Fisher line from the US State Department is there are no meetings to announce at this point in San Francisco. I'm Ed Baxter. This is Bloomberg Brian. All right. Ed. Thanks very much as we've been reporting vanguard founder, John Bogle has died. He was eighty nine Bogle popularized. The low cost index based mutual fund and often insisted that most stock picking money managers while they weren't worth the fees that they charged Eric balchunas of Bloomberg intelligence joins us. Now, he spoke. Doc with Jack several times, Eric he was a giant in more ways than one. Yeah. You really was you know, in my opinion, I think he will have had more effect on the financial industry than any one person over the last fifty years, and it the histories can be very kind him. I think I think there's a lot of money managers who are very skilled or bucket, of course, and even philanthropists, but what he did was really special because I think as opposed to looking for profits, and and winning and winning. He he really took a more. I dunno populist approach. And he really I think the index fund was a big contribution. But the bigger contribution was in nineteen seventy five deciding to set up vanguard as a mutual ownership structure, which essentially means he's four he basically foregone a lot of riches for himself in order to have Dimitri fund investors own the company, and that kind of co op nature of that company is what makes it so powerful. Today. For other firms to keep up because they've been lowering fees for thirty years. And I think he was more about low cost and long-term, then he was so much about active and passive. I think really a cost with his digger driver. He was just seen as such a trusted figure two in an industry that has a lot of critics. He was seen as a voice you could trust and someone who was actually concerned about the little guy. Yeah. I think he just thought look if you keep costlo, and you don't trade you'll do better than all the professionals buffet echoed. This buffet had a lot of kind words just recently you put out on Bogle. He said, this is the guy they're gonna make the statue of not me. And I think he's he's right about that. I spent a couple of hours with him over the three years interviewing for various things down in very grandfatherly. But when he talked about investing and giving your veterans a good deal. He got a little punk rock. I mean, he's still was fired up about wanting. You know, some people not getting a good deal when they deal with Wall Street investment management. So to end, I think he was. Still fired up about his mission. But he got to season guard really blossom are they taking a billion dollars a day. In fact, at some point, I think he he started to express concern. They were getting too big. But it was nice. He got to see all his work. Come to fruition. Just briefly. He didn't like to bail outs too much though Diddy during the financial crisis. No. He's expressed us across the board. But he's done it all I think kind of an was self facing kind of way. I don't think he ever thought any of us were were that great. Although I I do think he should have got the presidential medal of Freedom Award until pushing for that. But it never happened. But I think he was probably one of the most deserving people, you could think of Eric. Thank you very much John Bogel dead at eighty nine. He was said to have had at least six heart attacks, the first one at age thirty-one, the Philadelphia Enquirer says he died of cancer right now. Thirty eight minutes past the hour..
European Union, Prime Minister And Anna Marie Hordern discussed on Bloomberg Daybreak: Asia
"Deal going down and monumental fashion. Four thirty two to two zero to the prime minister facing a confidence vote tomorrow, the EU saying it's horrified and the path forward joining us live to to try to sort it out for his Bloomberg's Ameri Hordern. Who is Brexit reporter in London Ameri? Thank you for joining us. Let's start with a vote a huge rebuff. Yeah. Two hundred and thirty is how she lost it so catastrophic defeat and more than a third of her own party voted against her. I think that's really critical. You could see here within just the opposition Tories voted against this. They voted against their prime minister and the leader of their party. Now, it's very interesting to see what happens from here because there are many avenues. So we take it day by day. We know tomorrow, I think I should face a no-confidence. That's what labor has called for now highly likely going to survive this vote her own party would after rebel rebel against her. Very heard from the Northern Irish lawmakers who really fear labor take over there behind the prime minister. So once she gets out of the way, it really comes down to being on the negotiating table with the European Union. And we heard that she's expected to go back to the EU to Brussels potentially as early as Thursday. But the European Union is talking tough. We heard from Yonker we heard from Donald tusk. They're basically saying to each make up your mind already, and they say there's no point in opening up these renegotiations if the U K lawmakers can't decide what they want. So for me, the one thing that was really clear from tonight, the vote that the only point of agreement seems to be that very few MP's wanted Mrs Maes deal, and as you know, we're just ten weeks away March twenty ninth. Is that deadline when the UK needs to leave us, so Emery. Yeah. Now, we have a maybe the most likely outcome of this. If it's possible, and I want you to clarify is him fifty the most logical patch to push back the divorce date itself to give them more time. Does that make any sense? Yeah. That would probably be the first step really a technical extensive article, fifty extending it and getting more time the U K needs to request it an all twenty-seven EU countries must accept it. So it can't just happen. They need to of course, vote on it. But one thing about this is the timing is a bit tricky. We have upcoming European Union elections in may a deal must be ratified by the EU parliament, which is set to go into recess. And this parliament itself was set the chain because the UK was going to be leaving and giving up seats. So it's very difficult at this point in time for the European Union for the calendar perspective to of course, extend this. But that would look first step. So does that. Al- enhance the chances and potentially of a hard Brexit or the both sides want to avoid that. Now, it looks like both sides do wanna void that one thing that the FX market has been bouncing on. What many say is the fact that may said in her speech following voted that she's going to reaching out to other parties to try to forge more of a consensus on the way forward? Now, the FX market as you saw the pound jumping against the US dollar. Also rallying against the year. I'm looking at now against all of the g ten it's up against everything began the krona with the the fact is that market is doing that. As potentially yielding a softer break that. Yeah. Yeah. They've kind of ignored it haven't they? All right. Thank you very much. Really? Appreciate your time. Bloomberg's Anna Marie Hordern. Who is Brexit reporter in London? Global news twenty four hours a day in San Francisco. I'm Ed Baxter. This is Bloomberg. Brian. Thank you very much. Very good segment there appreciated de let's get to sport. We don't have too much Brexit in sport. Although there is some anyway, let's look first at Tottenham getting some bad news on star with Dan Schwartzman. Dan, Ryan this one as devastating news star. Harry. Kane will be out. At least two months ankle ligament damage. Cain
"bloomberg brian" Discussed on Bloomberg Radio New York
"Korea. We have a very. Good dialogue. I've been not go any further than that. It's very special Japan is saying it will consider countermeasures to protect Nippon Steel and Sumitomo medical corporation metal corporation, I should say assets from seizure by South Korea. This is the issue over forced labour during World War, Two prime minister, Shinzo Abe's, telling NHK, it's very regrettable saying the issues were resolved in a nineteen sixty five treaty. UK Prime Minister Theresa may is upping the Brexit game. Outlining today, three prong campaign to win support among MP's chief among them giving parliament a bigger say over future trade terms. She says the vote on her e- you deal is still on for January fifteenth give or take a day or two and rejection could mean Brexit with no deal. Global news twenty four hours a day on Aaron talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg Brian. All right. Ed. Thank you very much. Well, what is all of this mean for your investments in for the markets will Brian Jacobson joins us, multi-asset strategist wells capital management. So Brian the main negatives for last year seemed to now be under review, that's the Fed's tightening monetary policy. And also these punitive tariffs coming out of the trade war. So with them under review, you've got to sort of make a decision here is this real change coming or is it something less than that you buy now or do you wait? The patch? One thousand seven. There was a lot of anxiety over whether or not. Value. Some people were placed in. What comes to find out? We got the one. We're going through the fed going through continue through hyphen fill it. Or are they going for a nice Powell put it through flexible with monetary policy? And then with the cleared back. China will Bill. Where everybody talked about. How don't like I'm putting well. The capital before Brian just get it just to stop you for a second because we're just going to soda Odio issues that we have at the moment. But this is what meanwhile, just Brandon I just have look at what's going on market wise, it Stokes looking like we could be some some good gains across the board oil did. Well, Bryan as well. Yeah. Oil was up two percent in the latest session. It looks like it's heading up today. So this is this question rich industrial or already starting to get excited about the trade talks on Friday, and we bid up the markets here in Asia. And then overnight you had Powell speaking seemingly offering a a pal put or some sort of a fed put and you had the strong jobs report. So that sort of augurs, well, I suppose it depends on whether you think the backward-looking jobs is more important or the forward-looking PM is which were week. This is just and it's a mixed bag. The PM is as well. I mean, you got some of them which are really is quite strong exactly at Richmond. That was weak and few others. So yeah, it's a tough. Question. We just trying to reestablish linka with Brian Jacobson, multiasset strategist at wells capital management has rish said the futures are up and running this morning and Radha buoyant gresh gets any on its look at what's going.
Bloomberg, US and New York discussed on Bloomberg Daybreak: Asia
"Asia and his eight thirty in the morning in Hong Kong at ten thirty AM here in Sydney, I'm Paul Allen. And I'm Bryan Curtis. Trading is underway. Now in Tokyo, Sydney, and Seoul, we have a pretty decent rally going and we've got an hour to go before we get Hong Kong and Shanghai. So it'll be a big question today on the one hand you've got the weaker dollar the weaker than expected inflation in the US strong action in Turkey and a rebound in tech all boding well for risk assets here and the president. Well, that's a slightly different story as he walks back some of the enthusiasm about US, China, our story, we'll tell you more about that in a moment. But that's the battle that will play out
Bloomberg, Brian James and LeBron James Family Foundation discussed on Bloomberg Best
"It. Really hard for us to shop valves former, ice acting director John San speaking with Bloomberg's Amy. Morris and Peter Barnes and coming up. We'll be speaking. With BPCL Bob, Dudley after the oil, company posted expectation-beating results you, can see, all the Bloomberg best stories at. Best go this is Bloomberg With a Bloomberg business of sports report I'm Michael Barr NBA sterling Brian James called the, philanthropic. Bug James you recently signed a deal with the Los Angeles Lakers started the. I promise school in his, hometown of Akron Ohio it's an. Effort by the LeBron James family foundation. And the Akron public schools James talking with ESPN says growing up in the tougher environment kids don't realize they can dream big you didn't know, possible for you because you kind of always paid attention to. The statistics and Grown up in. The inner city. You know the the numbers number's always stacked against.
Elon Musk, Narendra Modi and Manny Machado discussed on Bloomberg Daybreak: Asia
"Many restaurants, and bars. And as soon as basically toothless legislation aims to lower. Secondhand smoking risk ahead of, the. Twenty twenty Tokyo Olympics amid international calls for a smoke free games tomorrow India, Narendra Modi's government facing a no confidence vote general elections, are planned. For next year out to meet the world and rejoin. At the twelve rescue tie soccer players. And their coach they spoke to the media through. A translator I also wanna see sorry, to my mom and dad I didn't. Tell them I was going to go to the cave I just. Said it was going to go for a practice mound of football On the field I don't think they're going to send you. To your room one of, the boys said the hardest part was trying to remain calm and speaking of remaining calm or maybe not so. Much Tesla's CEO Elon Musk says he apologized to the British diary tweeted a pedophile the it said the sub he sent to Thailand wouldn't work in the rescue musk says he was angry when he tweeted, goody another angry, tweeter global news twenty four hours a day on Aaron and talk on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. In San Francisco. I'm Ed Baxter this. Is Bloomberg Brian thank. You very much coming up on thirty eight minutes here. Past the. Hour all right it's. Time for sport Dan. Schwartzman steps in it's more like he barges in and he's got Liverpool making. A big. Move. That's correct Brian the Champions League runner-up has agreed to a world record transfer amount of seventy five million euros with Roma goalkeeper Ellison with only a contract With the Brazilian national needed to finalize the. Transaction check this out the previous record for a goalie was. Forty million euros paid by, Manchester City for Edison meanwhile it is a done deal the dodgers have acquired Baltimore Orioles all star shortstop slash. Third baseman Manny Machado and deal for five minor leaguers highlighted by top outfield prospect use the Al as he ends up going back.
Amid damp sales, Starbucks to shut 150 cafes in US
"Any promises to be four looking prepare relevant policies and use all kinds of monetary tools the pboc has already injected sixty two billion dollars into the economy so far in june the most in any month since december of two thousand sixteen in hong kong i'm yvonne man bloomberg daybreak asia the long running joke about a starbucks on every corner in the united states may soon come to an end more on that from bloomberg's denise pellegrini starbucks announcing it's closing one hundred and fifty company operated stores in densely penetrated us markets next fiscal year that's three times the number at historically shuts down annually starbucks switching the focus to rural suburban unless caffeinated urban neighborhoods instead and the coffee chain also says it expects comparable sales to rise just one percent this year that's way below the two point nine percent analysts were expecting and would be the worst performance in about nine years meantime bloomberg intelligence says china offers a lot of potential for the coffee chain but trade wars are currently casting a shadow over those long term prospects denise pellegrini bloomberg daybreak asia and starbucks shares fell about two percent in light trading another stock retracting this hour is oracle had beaten eggs and revenue estimates and what he might be tempted to think is a sign of traction for its cloud push but oracle is forecasting profit for the current quarter the falls short of wall street distance that maybe signaling that it's struggling to pivot to the cloud oracle shares fell almost four percent might trading already is five and a half minutes here past the hour it's time for global news nited states has pulled out of the un human rights council boomberg ted baxter has global news from our bloomberg nine sixty san francisco newsroom ed yeah right brian secretary of state mike pompeo says it is hypocritical and it does not work amir look around the world today demonstrates that the council has failed in its stated objectives its membership includes a thorough tarian governments with unambiguous important human rights records such as china cuba and venezuela now bloomberg's nick wadham says this has been in the works but now it happened at a time when the council has criticized the us for the separation of families at the border nick says the us will lose cloud to fight for better human rights globally us membership on the body is generally seen as a symbolic measure that allows the us to keep up its role as a leader in human rights fear so the decision tobacco will be damaging for that meanwhile donald trump is doubling down on explaining why the children need to be separated from their parents and when you prosecute the parents coming in illegally which should happen you have to take the children away now we don't have to prosecute them but then we're not prosecuting him for coming in illegally that's not good and he also says you'll begin going after the government's from where the migrants come he has met with a house committee today working on a bill and he hopes to have something done as do the members meanwhile republicans are starting to separate themselves from him and come up with their own solutions this is mitch mcconnell the senate majority leader address issue i think we've got a problem we need to fix it everybody agrees you need to fix it and we're going to work on that one of the solutions is a move the families to the head of the line and then put them facilities where they are together until their processed and bloomberg news is reporting the trump administration plans to pay southwest cay programs inc four hundred fifty eight million dollars this year to pay for the immigrant children china's president xi jinping has told kim jong un he hopes north in us can fully implement the singapore agreement she citing the reports that cam pledged to work toward denuclearization in exchange for us security guarantees state broadcaster cctv reports she told kim that he hopes negotiations are on track and that the situation will continue to move in the direction of peace and stability global news twenty four hours a day on air and a tech talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in san francisco i'm ed baxter this is bloomberg brian thank you very much eight minutes past the hour we're joined by stephen ns head of trading at asia pacific or for the.
Susan Rice slams Trump for 'disgraceful statement' about Russia at G7
"Former australian prime minister kevin rudd i think the chinese are very keen to continue to reinforce a message through the symbols to the international diplomatic community under the americans that kim jong un union is their ally and nobody else's and therefore he arrived out of the air china charter jet meanwhile the us senator lindsey graham says he's asking democrats will support us efforts to use force as a last resort against north korea what i do expect to be done in a year from now is that does dismantle their nuclear weapons programs missiles off with tony manure raynham anytime anywhere inspections and we're not going to let them run out the clock again graham on abc and back to the fallout from the g seven president trump is suggesting that g seven g eight eight being russia on cbs national security adviser in the obama administration susan rice says the pattern here is very wrong the president of the united states to walk into that session and to essentially blow it up and disrespect our allies while embracing russia and and giving benefits to china but canada's prime minister justin trudeau the new trump target says the road forward is what it's most important all of us pulling together and doing things that matter for citizens and for the world and on that this was certainly a success and one more note here of latimer putin is repeated his desire to meet with donald trump a lot of moving parts global news twenty four hours a day on aaron a tick talk on twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in san francisco i'm ed baxter this is bloomberg brian ed thank you so much eight minutes now past the hour and it's a big week for central banks we certainly been squawking about that a lot here over the past couple of weeks policy decisions coming from the federal reserve european central bank and the bank of japan joining us now to talk more about it bloomberg's global economics and policy editor kathleen hayes kathleen too many of us the may be the most interesting i could lose it it why but i know you can do it better because there's this whole draw about whether or not.
Edward, Bloomberg and Twitter discussed on Bloomberg Daybreak: Asia
"Though seventy one eighty six but under seventy two dollars a barrel and gold right now twelve nine nine twelve minutes before the top of the hour let's get over to san francisco and has an update for you on the most important stories of the day edward oh thank you sir us teams are headed to china to check out claims by us employees of sonic attacks similar to those in cuba white house staff is off to singapore for preparations for the kim trump's summit even though the president has said again today we'll see but secretary of state mike pompeo has eased off demands north korea immediately give up its nuclear weapons asking for the regime to take in quotes credible steps toward that goal the next step is to see if the president agrees with the secretary of state china urging the summit take place saying it's hard one opportunity to work out a political settlement china's been disinvited from the pacific rim military exercise us department of justice saying the continued militarization of the south china sea sir only to raise tension and destabilize the region iran's supreme leader ayatollah alkhomeini has channeled an old us cartoon saying the us has tried various political and propaganda undertakings against the islamic republic but all these plots failed like like the famous cat in tom and jerry they will lose again boys digging back into the decade bag for that one global news twenty four hours a day on air at tick tock on twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in san francisco i'm ed baxter this is bloomberg brian how long has it been since tom and jerry have crept into your consciousness.
Commander, Bomber Aviation Regiment and Taiwan discussed on
"Site chinese air force has handed long range bombers for the first time landed them on manmade reefs in the south china sea santa manasseh long you saw commander the bomb bomber aviation regiment says no longer difficult thing to take off or land on the islands on the reefs they're not capable he says of launching long range attacks at anytime taiwan's health minister saying the island is very angry over not being invited the world health organization assembly in geneva change we hong saying it should be not be excluded because of tensions with china knows no borders or politics is crude in taiwan oh creates a potentially fatal leak in the system live so gullible citizens says time to recognize taiwan's role in the world china considers taiwan part of china is a whole global news twenty four hours a day on and a tick tock twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in san francisco i'm ed baxter this is bloomberg brian thank you very much just about thirty nine minutes past.
US files complaint with China over lasers aimed at American pilots in Djibouti
"Meanwhile federal investigators have been wiretapping phone lines of president trump's personal lawyer michael cohen according to nbc citing to unidentified sources they wiretap was in place in weeks leading up to the april ninth raids of cohen's offices and hotel room at least one call between a number socio with the white house and cohen was intercepted according to the report the us has issued a formal complaint to the chinese government over the use of high grade lasers near the military base in djibouti in africa that were directed at aircraft and resulted in minor injuries to two american pilots bennigan's spokeswoman dana white says the us has issued an official complaint to china we asked them to investigate it's a serious matter and so for taking the time this chinese nationals for conflict global news twenty four hours a day on air and a tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm mark mills this is bloomberg brian mark thank you very much.
Jordan, Bloomberg and Press Secretary discussed on Bloomberg Daybreak: Asia
"He said earlier this week that he may favour meeting on the demilitarized zone between the two koreas is also mentioned singapore's a possible location all right some of the k pop music that used to be blared from loudspeakers in south korea into north korea the rival koreas tuesday dismantled the huge loudspeakers that sent cold more style propaganda across their tense border the dismantling of dozens of loudspeakers was in line with an agreement on reconciliation by the leaders of the korea's at their historic summit last friday donald trump has sailed as a disgraceful leaks the publication by the new york times of four dozen questions that special counsel robert muller said to want to ask the president concerning russian involvement in the two thousand sixteen presidential election and his own actions in response to the probe in an angry tweet trump characterized the investigation as a witch hunt at a phony crime the issue came up at the white house press briefing with press secretary sarah sanders today that the league was disgraceful former assistant especially helpful robert muller has suggested that the white house is he wrong once again i can't comment on anything regarding those questions visiting japanese prime minister shinzo ave told jordan's king abdullah the second on tuesday that he hopes to upgrade tokyo's ties with the kingdom into a strategic partnership global news twenty four hours a day on air and a tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm mark mills this is bloomberg brian all right thank you very much mark.
Reward posted for mystery man accused of threatening Stormy Daniels
"York's laguardia airport mattress him was on board mike smoke there was asked coming through the ventilation system and we started dropping the ntsb is on seeing they believe they have the black box the end goal of stormy daniels being at the court hearing regarding the rate of attorney michael cohen's office was trumped yesterday by the revelation that sean hannity was a colin client today daniels has released a sketch of the man she says threatened her if she talked about donald trump asked why she didn't immediately tell police the entire police department police reports are public record i know that for that i had sex with donald trump global news twenty four hours a day on air and took talk on twitter power by more than twenty seven hundred journalists in analysts in more than one hundred twenty countries in san francisco i'm ed baxter this is bloomberg brian all right thanks very much yet our guest is doug coattail chief market strategist voyage investment management doug pretty strong day on wall street with the nasdaq for instance up one point seven percent and the sp five hundred up more than one percent i don't wanna pick over the bones too much but it seems like investors are pretty demanding here on earnings if you kill it on every conceivable level you get rewarded like net flicks but if you've got a few just a few items in there with sometimes investors overlook while they're not overlooking them now pretty tough out there yeah what i look at is you look at the s and p five hundred corporate earnings compared to a year ago and we've had this fish will be the sixth consecutive quarter of positive corporate earnings and they're accelerating last quarter in q four it was fifteen percent right now looks like we're on track for a seventeen percent or higher this is positive fundamentals and it's being driven by a broadening manufacturing consumers higher confidence and economic growth i'm expecting to hit three percent so yeah investors have high expectations but they are being met and we're in a pro business environment and i expect this to continue this is david here in hong kong i mean we'll talk more about earnings a bit later on but just very briefly here i mean we're about ten percent into this earning season which sectors are you most excited over i like financials coming back at the tax cuts are just extraordinary helping out really every sector so certainly financial technology energy.
Facebook’s security chief to depart role over company’s handling of misinformation
"That while the president continues a direct attack on mr muller global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in san francisco i'm ed baxter this is bloomberg brian all right thanks very much and it's time for the media review so we do a lot of this facebook stuff here the new york times saying that the security chief add to facebook the chief information security officer alex stamos would leave the company that's after internal disagreements over how facebook should deal with its role in spreading in disinformation and then the new york post came out with the story saying well no he isn't actually stepping down that he's just working in a different capacity there's role has changed and that he himself says he's working on risks and election security and we also had that line from facebook saying that the independent auditors ron site at cambridge analytic is london office but then we got word that they stood down at the request of the uk information commissioner's office they wanted to conduct their own onsite investigation and if you go back to the channel four piece from the uk that expose on cambridge analytic showing the ceo boasting they could use prostitutes spies and even students to entrap politicians this is the data firm accused of harvesting phaser user profiles and the ceo alexander nick said they could send some girls around the candidates house adding ukrainian girls are very beautiful i find that works very well and a quick final note the wall street journal says that the new central bank chief egon in china after running start he's promising a series of reform and openingup measures wouldn't say what the are but you'll know soon enough and that's the media david right.