3 Burst results for "Bloomberg Mobius"
"bloomberg mobius" Discussed on Bloomberg Radio New York
"Every fifteen minutes here on Bloomberg radio, Marcus global equity markets might be heading for their first weekly drop in five still is green on the screen. This Friday absolutely looking at the stock six hundred here in Europe. Wherever seeing it rise by seven tenths of one percent. In the first few minutes also of trading the Footsie-100 underperforming down by two tenths of one percent. The entire by six tenths of one percent. And as usual, we're still waiting for that opening figure out of Frankfurt always takes a little bit longer on a sector-by-sector breakdown. I'm seeing some brisk on sentiment. Really tech shares leading the way higher this morning, followed by basic resources as well as banks. Look, I find that lead in the rally by tech really interesting because we've seen the same thing on the Asia Pacific index, and guess it happened in the US yesterday, we sold they semiconductor conductor stocks lead the rally there. US futures as well, by the way, looking to build on yesterday's rally S and P five hundred Emmys up six tenths of a percent. Nasdaq futures up eight tenths of a percent. But the reason I find it interesting is this Intel MRs on revenue on prophets on forecasts. If falls in after I was trading we see some other chipmakers fall yet. It looks like text traders tech investors are choosing to see the glass half full here. Perhaps looking through some of the negative news. We've had in that tech sector and focusing on some of the beats we've had in the semiconductor me we were talking about necessarily micro yesterday, for example. So that is interesting to me inequities. And generally you'll see a bit of a risk on day. I mean, the ten year treasury yield up a basis point to Seventy-three handle. Yeah. Absolutely. We're looking at two seventy three as you say when it comes through the ten year yield. Of course, we did see a decline in yields yesterday as we got some commentary regarding the trade story between the United States and China from Wilbur Ross the commerce secretary. We also saw European yields move higher move lower yesterday or the back of that e c b meeting. The ten year Boone this morning. However, not moving much. It is completely flat. Looking in the FX space. We're seeing a little bit of dollar weakness. And also, interestingly, we seeing weakness for the dapper knees yen vis-a-vis, the dollar. So the Japanese yen being the only major currency actually losing a little bit of steam here against the green euro gains. Yeah. I do find that weakness in the yen interesting as well. Because when it comes to trade, you mentioned it the fact that we had Wilbur Ross saying coming out and saying the US and China a miles apart still you see this risk rally in the space. And look when you were talking about yields, you talked about the we saw particularly those bts outperform yesterday because look risks are to the downside said Mario Draghi, but they did mention those tell and who stands to benefit, of course, if from more easing, it would be Italy. Anyway, you're a recovering as you were saying also we've seen a jump in cable with reports that the DP could support Theresa May's Brexit deal. So we trade at one thirty one zero two I just want to mention oil because we are moving higher for a third day on WTI up. One percent fifty three spots seventy Brent up eight tenths of a percent. Sixty one spot fifty nine A does seem that perhaps today you're seeing traders focused a little bit around the Venezuela risks because we're seeing those gains even though we had a surprise jump in US crude inventories, or let's drill down on some stocks to watch this. Warning as we are four minutes into the trading day. Bloomberg's stocks editor Paul Jarvis has just sat down in our London studio. Four Paul you're going to kick it off in the telecom space with Vodafone missing revenue estimates. That's ROY Moore is good morning. So the service revenue Vodafone it is a slight Mace nine point seven nine billion euros versus nine point eighty two. That is the headline number as almost flat organically is a tough place for Vodafone right now, they're organic revenue. There was down. One point one percent. Of course, the business is being sandwiched between the big former monopolies in Europe and the low end low cost challenges which are coming into spices. Well, so what does all this mean for the shares? Well, they are bobbing and weaving either side of the gang line this morning. Right at this. Current moment shine a very slight decline. They also going back above it from time to time. Their shares had a really bad run. Of course, Telecom Italia had a profit warning earlier this week so that had a very bad week as well. So this what they've said today comes on the back of a very weak stock price before months and the market really not buying when they're talking about improvements in Italy robust growth in Germany, reduce churn rates in Spain, the market's still taking it pretty skeptical view Vodafone right now. Yeah. Your phrase bobbing and weaving. And of course, the other thing for Vodafone as well this year big thing is going to be the rollout of five G A, particularly with its competitor hallway feeding into that story. We've had headlines that Vodafone's engaging with politicians agencies and hallway the CEO speaking on a call with journalists. But let's turn to Ericsson as well. What's the story there? It's five t. Yeah. Go gray leading. So obviously Ericsson's very big in the network Whitman world there is huge demand. Five g equipment right now. And that is being reflected in Eric's numbers group sales up ten percent in the fourth quarter. And that was driven by North America and market share gains and analysts are saying that these numbers represent a five percent beat the level. Even after you strip have provisions and restructuring. So this is a very good performance. And it's reflected in Ericsson share price already Ericsson chase about a really strong. Yeah. They're up about forty four percent in the last twelve months before today. And now this morning they're up or another three to four percent in early trading in Stockholm side. Yeah. Very good day to be an Ericsson shelter. Yeah. We spoke to the CEO of Erickson here on Bloomberg radio a little bit earlier Berea calm. He was talking about five G and the gain that the company sees from it. He wouldn't be drawn though on whether or not while away. The hallway story is actually helping. Eric it this whether or not it will be helping Ericsson going forward when it comes to sales or right? So we're going to wrap it up there. Paul jarvis. Thanks so much for joining us this morning to talk through those stocks to watch great to have you with us, Paul. Now, let's move on to our top stories. Let's talk with the latest headline on Brexit. The DUP has decided to privaty back Theresa May's Brexit plan. According to the sun, the newspaper says the Northern Irish party is now willing to accept a backstop as long as it's time limited. Meanwhile, chancellor Philip Hammond has warned that leaving without a deal would betray Brexit voters does no good alternative to the deal leaving with no deal is a very bad outcome for the UK, but not leaving would be also a very very bad outcome that would undermine our democracy and destabilize our political settlement in the UK. That was UK chancellor Philip Hammond. Speaking exclusively to Bloomberg aimed devils. Let's turn to the trade story as well. And commerce secretary Wilbur Ross has said the US and China are eager to end their trade war, but the outcome will hinge on whether Beijing will deepen economic reforms and further open up its markets. We want to make a deal we believe the Chinese food wanna make a deal, hopefully, those two general impulses can result in a very finite. Very detailed very enforceable set of commitment. Ross said he expects negotiators will release a statement on their progress after Chinese vice premier her meets where the US Trade Representative Robert lighthizer in Washington next week, a top Chinese regulator has told Bloomberg that more global banks will soon get approval from Georgie ownership in their local securities ventures, China Securities Regulatory commission vice-chairman functioning high spoke exclusively to has Linda Armand in Davos. We have the laxed the foreign equity here in a JV securities from fifty one percent and UBS has taken advantage of that has been given a license to own fifty one percent. In two years time finding shareholders can on one hundred percent and the management the same arrangement has been put in place. In December UBS became the first foreign company to win approval for a majority stake under new rules numero and J P Morgan have also applied as Beijing promises to allow greater access to the fourteen trillion dollar financial sector now in another Washington story, the US government shutdown enters its thirty fifth day in the Senate has rejected proposals from both President Trump on the Democrats aimed at Embiid ending the impasse. The White House has signaled that the president may be open to reopening agencies for three weeks. But only if opponents agreed to a down payment on the wall. Nick, what's interesting here is if we get this prolonged shutdown you've got some observers of the market saying, we could get a different reaction to two thousand and eleven you could be moving not just out of the dollar, but also outta treasuries as well pushing yields higher turn into the political situation in Venezuela and veteran emerging market investor. Mark mobias has said it could be interesting for investors. Speaking to Bloomberg Mobius said regime change would be key. Now. We're interested. I think there's a change a real change in government. Venezuela would be very very interesting. But you must remember this is all about oil. That was Mark mobias co-founder of Moebius capital partners. And if we continue with some corporate headlines Intel shares tumbled and extended trading after the company's fourth-quarter sales and profit missed estimates blue-box. Emily Chang says forecasts for the current period also disappointed Intel's forecast revenue for twenty nine hundred fell. Well, short of the seventy three billion dollars analysts projected, it's due in part to the tapering off in spending by data center customers who are now working through accumulated inventory, instead of buying new components Intel CFO an interim CEO Bob swan also says the is more cautious due to the slowing global economic growth amid possible impact of geopolitical dynamics in San Francisco. I'm Emily Chang. Bloomberg daybreak Europe. Those your top stories for the latest in global news. Here's Bloomberg's Leon guarantee. Highly on good morning, Nara Venezuela's top military brass daily defense to President Nicolas Maduro. This comes after the US you came dozens. Of other nations recognized his rival one Guido as the rightful head of state. Bloomberg's Andrew Rosetti has the details. The military says a coup was underway and refuses to recognize a so called impose president why the head of the national assembly declared himself president on Wednesday in front of thousands of supporters in Caracas. I'm Andrew residing for Bloomberg daybreak Europe has found former Ukrainian leader Viktor Yanukovich, guilty of treason. He's been sentenced to thirteen years in prison over the country's deadly revolution in two thousand fourteen. Bloomberg's Alexandra credit ski reports according to the prosecutors five years ago, he asked him report into San Russian troops to Ukraine to his government. And of course, deny charters and will likely stay out of jail for now he has been hiding in Russia ever since. Grain in two thousand fourteen in means could risky Bloomberg daybreak year. Alex Salmond has appeared in court in Edinburgh chart with fourteen offenses, including two counts of attempted to rape. The former Scottish first minister says he absolutely refutes all the claims. He's also accused of nine challenges of sexual assault to indecent assaults and a breach of the peace and finest China's treatment of its Muslim weakened minority is generating growing backlash around the world. Bloomberg's Peter Martin says it's also raising serious doubts about president. She's promises to open up China. I recently visited five sissies in the Alaska sized region in China's far west where the UN says China could be holding up to one million people in reeducation camps. Most we get to talk with me. But those he did told me they fear for the safety and have relatives in the camps chief crackdown Xinjiang came after a series of terrorist attacks, nothing twenty thirteen in Beijing, Pete mutton, Bloomberg daybreak Europe..
"bloomberg mobius" Discussed on Bloomberg Radio New York
"The forty trillion dollar financial sector in the United States, the government shutdown has entered its thirty fifth day and the Senate has rejected proposals from both President Trump and the Democrats aimed at ending the impasse. The White House has signaled that the president may be open to reopening agencies for three weeks. But only if opponents agree to a down payment on the wall. And if we also turned to the political situation in Venezuela veteran emerging market investors. Mark Mobius has said it could be interesting for investors. Speaking to Bloomberg Mobius said regime change would be key. Now, we're interested. I think there's a change a real change in government. Venezuela would be very very interesting. But you must remember this is all about oil. That was Mark. Mobias co-founder of Moebius capital partners. More details on the Venezuelan situation in world and national news in a moment. First, though, just some corporate headlines and Intel shares tumbled and extended trading after the company's fourth-quarter sales and profit missed estimates. Bloomberg's Emily Chang says forecasts for the current period also disappointed Intel's forecast revenue for twenty nine hundred fell. Well, short of the seventy three billion dollars analysts projected, it's due in part to the tapering off in spending by data center customers who are now working through accumulated inventory, instead of buying new components Intel CFO an interim CEO Bob swan also says the company's more cautious due to the slowing global economic growth amid possible impact of quote, geopolitical dynamics in San Francisco, I'm Emily Chang. Bloomberg daybreak Europe and the strain to decade marriage of Renault and Nissan is about to get a fresh start in an unexpected twist Nissan's CEO Hiroto. Oh, psycho has said that he too intense to step down. This ought to call is gone resigned. As chairman and CEO of rhino on Wednesday evening, more than two months after he was first jailed and Japan on allegations of financial misdeeds Sykora is planning to pass the baton in coming months after reforming the cult poor governance. He says weakened the Japanese comment Cam, let's get some more headlines now.
"bloomberg mobius" Discussed on Bloomberg Radio New York
"Listening to daybreak Europe on London D A B digital radio. Matt we've got a busy Friday ahead of us. It is the end of the week. But still plenty to talk about us. We're looking at the last day of Davos, we're going to be hearing from Charleston Philip Hammond that a bit later on. We're also looking at the latest Brexit developments, of course, on the back of that. And in the markets. We're seeing Asian equities heading higher for a third weekly advance. It is interesting that Asian equities continue to rally after those comments by Wilbur Ross, which would seem to throw some shade on the US trade US China trade negotiations and after the Intel results would seem to throw some shade on the hot semi rally semiconductor rally, but it doesn't seem to have stopped gains really across the board. Good and decent size as well. As the Nikkei's up one percent Japan. The hang sang one and a half percent in Hong Kong. And if you look at European futures we see gains here as well. Half a percent on your stocks, fifty futures and a little more than the Dax futures footsie futures basically little change right now. But at least with a green arrow, and we see gains in US futures as well there are some risk off signals risk on signals. I should say for example treasury yields arising, but they came down so hard yesterday know over the last forty eight hours. I believe treasury yields have come down six basis points. So just the gains that we're seeing today aren't that exciting. And in that light, you do see the dollar gaining against the yen. But it's just hovering around the same level. It has been for two weeks. So one zero nine eight right now is the amount of yen. You can buy for your dollar interesting to see the pound up at one thirty one twenty nine we're going to talk about the DUP possibly willing to accept Theresa May's deal, but they would want a time limit on the backdrop which backstop sorry, which would make it not much of a backstop after all and probably the EU wouldn't agree to that. Anyway, nonetheless, the pound is rallying oil is up as well. Brent crude trading sixty one dollars and seventy four cents a barrel. Some results hitting the Bloomberg terminal as we speak teddy as fourth quarter sales coming in below the estimate to twenty two point T one billion Swedish kronor the estimate was for twenty two point four two billion Swedish kronor the adjusted e doll figure is six point seven four billion Swedish corner from the fourth quarter. The estimate was for seven point zero five billion Swedish krona so below the estimate there Telia CEO is talking about challenging environments continuing in Sweden. So that's the latest when it comes to the corporate frontier in Europe, Matt. Let's get to the top stories kicking it off with Brexit. The DP has decided to privately back Theresa May's Brexit plan, according to this son now, obviously she's going to need more than private backing if she wants the deal to pass, but the newspaper says the Northern Irish party is now willing to accept a backstop as long as it's time limited. Meanwhile, chancellor Philip Hammond has warned that leaving without a deal would betray Brexit voters who were promised a quote, more prosperous future. Yes, you say Matt some question marks though, regarding the db DUP's possible backing all Theresa May's deal. They want a time limit to backstop. The question is whether or not the European Union would even start negotiating start talking about that. Let's cross over to Singapore. Then to talk a little bit more about where this leaves stunning. Wes Goodman from the markets live team joins us now west we've talked to our listeners through the headlines regarding the DP and threes May's Brexit deal where does that? Leave the UK currency. Yeah. Hey, good morning everyone. I think the pound is gaining because the the Brexit outcome that currency traders hate, the most is which would be a hard Brexit or a disorderly Brexit seems to be becoming more remote now. And you know, one place to look for a pound strength is going to be against the euro after Mario Draghi said yesterday that the risk to the euro region or skew to the downside. That's why the euro is is at its weakest level against the pound or the pound is at its strongest level against the euro since may of two thousand seventeen so I think the latest on Brexit is good for the pound especially against the euro attack rally is boosting Asian equities today, even though Intel issued a weak earnings report. What's the deal there? Yeah. I mean Asia stocks were able to look past Intel and look pass Wilbur Ross comments on how the US and China are still miles and miles apart. Don't forget that. There were also yesterday in the US. There are also some good tech earnings including results from Texas Instruments, Texas, Instruments, one theory out here in Asia's that investors are doing some bargain-hunting that Asia tech shares fell twenty one percent last year, which was the biggest loss in a decade. And now prices are attractive. So, you know, all that's definitely helping Asia shares beat their US counterparts at the moment. All right. Wes goodman. Thanks so much for talking through the markets. This Friday from an Asian perspective. Wes Goodman there in Singapore. And for analysis when it comes to the markets, check out markets live. That's M L I V on your Bloomberg terminal. Let's turn back to trade now and commerce secretary Wilbur Ross has said the US and China are eager to end their trade war, but the outcome will hinge on whether Beijing is going to deepen economic reforms and further open up its markets. We want to make a deal we believe the Chinese food wanna make a deal, hopefully, those two general impulses can result in a very finite. Very detailed very enforceable set of commitment. Ross said he expects to go. She will release a statement on their progress after Chinese vice president Lou her meets with US Trade Representative Robert lighthizer in Washington next week. Now, a top Chinese regulator has told bug that more global banks will soon get approval for majority ownership in their local securities ventures. China's Securities Regulatory Commission vice chairman Fung Shing, high spoke exclusively to hustling the almond in Davos, we have relaxed the foreign equity in a Davey. Securities firm to fifty one percent, and you'll be taken advantage of that has been given a license to own fifty one percent at any time. Finding shareholders can hundred percent. And the asset management the same arrangement has been putting place now as you may remember back in December UBS became the to foreign company to win approval for a majority stake under these new rules NoMura and J P Morgan have also applied for these changes as Beijing promises to allow greater access to the forty trillion dollar financial sector. US government shutdown entered its thirty fifth day and the Senate has rejected proposals from both President Trump and the Democrats aimed at ending the impasse. The White House has signaled that the president may be open to reopening agencies for three weeks. But only if opponents agree to a down payment on the wall. Right. That's the latest when it comes to you a US politics turning to the political situation in Venezuela and veteran emerging market investors. Mark Mobius has said it could be interesting for investors. Speaking to Bloomberg Mobius said regime change would be key. Now, we're interested. I think if there's a change a real change in government. Venezuela would be very very interesting, but you must remember this is all about oil. So that was Mark mobias co-founder of Moebius capital partners will have more details on Venezuela in. Well. The national news this trained to decade marriage of Renault Nissan is about to get a fresh start in an unexpected twist. Nissan. Ceo Hiroto psycho has said he too intends to step down this after Carlos gone resigned as chairman and see over no Wednesday evening, more than two months after he was jailed and Japan on allegations of financial misdeeds. Psycho says he will pass the baton in coming months after reforming the quote poor governance the weekend. That weakens the Japanese carmaker, right? Yeah. We'll see this stepping down as a fresh start for the Renault. Nissan alliance. Let's get some more headlines than from around the world that.