33 Burst results for "Cecilia Malmstrom"
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Call number got tocine crop second quarter adjusted operating profit which for them as earnings before interest in taxes falling twenty nine percent to three hundred fifty three million euros. So second quarter profit falling by almost a third and second quarter net sales actually rising two percent. Ten point six four billion euros. So the margin. Obviously going the wrong way there at testing Crippen shareholders have been up in arms about this for while. You know, what's cool that wasn't just alphabetical order airline. We also did them in order of market cap from largest smallest allience as an eighty three billion. Euro company is a forty one forty two billion euros. Company and listen crop is an eight billion euro company. Okay. I like it that makes more sense mathematical, Brian, I think they offer that does. Took about I'll Tolstoy's this morning. I kick things off with the China trade will as the Trump administration is preparing to hit China with a new Roth tariffs. Bloomberg's can leave ports. Now, the US released the list of some three hundred billion dollars worth of Chinese goods that have been threatened with a twenty percent tariff by President Trump deepening. The two countries trade war after weeks of speculation. They'd been close to a deal. If Trump proceeds almost all imports from China would be covered by punitive import duties turning the conflict into a tangible reality for many Americans have next year's elections. Trump says homey, Chinese leader Xi Jinping and next month's g twenty summit that can now prove pivotal in Sydney carrying -ly. Bloomberg daybreak Europe. Meanwhile, trade tensions between the US and China flare the EU is prepping for trade scrap of its own with the White House trade Commissioner Cecilia Malmstrom tells Bloomberg the EU is finalizing a list of goods to target with retaliatory tariffs if the US imposes levies on car imports. It's an intimate dump predictable for for the moment. We have an agreement between the commission president euchre and President Trump that we were trying to develop the positive agenda where we clearly stated that cheering time. We would not impose new topics on each other. So we hope that the president was still stick to to those words. The White House is expected to make a decision on E auto tariffs by this Saturday. Okay. So that's one to watch. Of course, I've live to Sampo Wes Goodman from mulcahy's live team joins us. Good morning. So we've been talking about the US China trade spat the mulcahy's began to show some strength, though. Also, again, we had a President Donald Trump this time saying that it actually is positive about getting a deal done with China. Hi, good morning. SNP futures opened down and everybody came in. You know, we'll gloomy after this big selloff on Wall Street yesterday. But when this this headline hit that President Trump said he feels that the the trade talks can be successful s&p futures pop to a gain. And I think that everybody was just sort of resigned to the idea that, you know, these tariffs are in place. Everybody was just sort of prepared for the worst in. This headline suggested that a deal is still is still doable still possible. So for the moment that's lending support to risk assets. You know, the opposite side of that. Is that a big rally? We saw intrigues yesterday is is now starting to fade a little well, I'll see you can be sure that we'll get the opposite headline in a few hours at least. The U on reverse a selloff today was the central Bank behind it. Yeah. There was some speculation that the central Bank was. Willing to oversee a gain in the UN. Let's let's let's put it that way. We never really know what they're doing. I mean, they did there. They did a couple of things, you know, of a technical nature, which would have been the the fixing of the currency. And then they also again, let's say oversaw arise in Hong Kong interest rates. Don't know for sure if they were really behind it. But again, a rise in Hong Kong interest rates sometimes called high or you know, that that helped the currency now, I think the bigger messages that until today people have been calling for a weaker Yuan thinking that, you know, China you wanna d you want to weaken to keep up its exports in the face of these US tariffs. Now, the you want is weakening so much that it's threatening to threatening stability in the financial market. So you know, that narrative about a weakening Yuan may fade, it looks like the central Bank may be more interested in stemming the sell off and looking for stability now. Okay. Stability the wash. All thanks to midfield time market, commentary and analysis. Check out markets live Emeli on your bring back Thom now crucial. When so much is happening. Now, Boston fed chief, Eric Rosengren said it's too early to tell whether the escalating trade war, and the resulting financial market reaction will last long enough to hurt the US economy or alter monetary policy. He called it a temporary tax. He also noted deal could still be done before the extra levies have an impact Rosengren is a voting member of the Athol AMC. Meanwhile, in the UK Prime Minister, Theresa may, we'll seek to win the support of cabinet for had breaks strategy today to make so much penny has the story. Tokes delayed the opposition's trying to break the Ponant deadlock seem to be going nowhere and having fury. Many of maize lawmakers. They representatives will meet in the coming days to press at the assess date for stepping down any one of these challenges must have been enough to finish off many prime ministers, but maize determined to see bricks through the coming days was attempt if a policy will allow her to in London Thomas penny, Bloomberg daybreak Europe. And one of the biggest stories in Germany buyer has lost a third trial over claims that roundup weed killer causes cancer. It's been ordered to pay two billion dollars in damages to a couple who use the products for about thirty years. This is the largest jury award in the US so far this year buyer is appealing the previous verdicts and has challenging this one two. It says there excessive and unjustified. Meanwhile, consumers can press ahead with a lawsuit accusing apple Volta fish inflating. Prices doubts the routing of the US supreme cool at the split decision. Could add pressure to the company to the thirty percent commission it challenges on apps sales the decision so that liberal wing of the court joined by Trump pick Brett Cava apple says that it's confident that it will prevail. And in one of the biggest global stories hard times ahead for Uber. The chief executive warning his employees the company stock slumped for a second day after its much anticipated debut. Now, it's down around eighteen percent. The shares went public at forty five dollars giving Uber evaluation of just over seventy five billion. Now, the shares trading down at thirty five. Sorry, thirty seven dollars and ten cents a far cry from the lofty one hundred twenty billion dollar valuation that was once touted and the CEO actually penned a letter or type an Email to his employees warning that there could be tough times ahead for the stock. Okay. So there's always hope so is this morning. Let's get the latest in global news headlines. Leave van Goghs the good morning. Caroline president. Donald Trump has raised Hungarian Prime Minister Viktor win in the Oval Office that captain turnaround in US policy towards liberal Lita. Bloomberg's Zoltan Shimin reports Trump cooled or Bonnie, tough and respected man, including for his hardline and the immigrant policy the president then mentioned long standing US concerns over Orban's record of undermining the rule of law which had prompted Washington to diplomatically isolate down giving premier for most of the past decade in Budapest Zoltan Shimon, Bloomberg daybreak Europe. They UK foreign secretaries cold for an increase in defense spending to Brexit. Jeremy hunt told the Lord maze. Banquet in London that the threats facing the UK had monkey really changed since the cold wall foundation of Britain's securities NATO, but it's simply not sustainable to expect one NATO.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"DC to Nathan Hager for world and national headlines. Nathan watching the fallout from China announcing it will raise tariffs on part of a list of sixty billion dollars in US goods starting June. First retaliation for higher. Tariffs the US imposed on Chinese goods last week. All after President Trump warned China in a morning tweets storm, not to retaliate White House. Economic adviser. Larry cudlow on Fox News Sunday in my judgment, the economic consequences are so small, but the possible improvement and trade and exports and open market for the United States. This is worthwhile. And as China tensions flare up Europe is preparing for its own trade scrap with the US trade Commissioner Cecilia Malmstrom tells Bloomberg the EU is finalizing a list of us goods. It could target for tariffs. If the US goes ahead with car import levies, president can prolong this, of course, when he or not who knows I don't know we hope for the best but prepare for the worst in the White House is expected to decide on auto tariffs by Saturday more on the supreme court ruling. You just mentioned saying that consumers can press ahead with a lawsuit accusing apple of using its market dominance to artificially inflate prices at its apps store. Justice Brad Kavanagh joined with the courts liberal wing in this five four ruling could add to pressure on apple to cut the thirty percent commission charges on apps. Sales secretary of state Mike Pompeo is on a surprise. Visit to Brussels as e you foreign ministers discuss how to salvage the Iran nuclear deal Pompeo had cancelled plans to meet with US embassy staff in Moscow today, though, he still plans to meet with Russia President Vladimir Putin tomorrow. Global news twenty four hours a day on air.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Our right to bring emotional no confidence in the government. If the government proves it's incapable of commanding, a majority in the house of Commons time will tell them that. But are responsible is the opposition is to make sure that we don't crush, and is believed to make sure that we have a government does come on majority in the Harrison does indeed come on support majority support across the country. The prime minister's appeal to Corbin opens the door to the possibility of a much softer form of Brexit, potentially. Keeping the UK inside the us customs union, it's worth noting that whatever kind of cross party agreement comes to pass the withdrawal deal at the moment. Looks to be staying the same. And that is the deal that's been voted down three times by parliament. Where yet also to wait for an e response and also big questions if we do end up moving in the UK towards a customs union what it will mean for the future of the conservative party. But as Brexit is still technically just nine days away, the UK services data that's out at nine thirty this more. Fresh off to move. The pound is likely to be high given that Brexit headlines remain the dominant driver in London John angel. Bloomberg daybreak Europe. Speaking of services state, we did also get other choice in services today coming in better than expected that my also have fueled the risk on a little bit. As of course, has trade and other top story for us this morning as Chinese vice premier yo her resumes trade talks with US counterparts today. The goal is to reach a deal in the days after this visit bags currently has more. The talk seemed to make headway in resolving issues like those around intellectual property protection. Both sides are said to have been working through the text of an agreement that can be put before Donald Trump and Xi Jinping, and they djing has already announced various concessions and to open up its industries in Hong Kong. Currently, Bloomberg daybreak Europe. Meanwhile, EU embassador meet in Brussels today to try to agree on a mandate to begin trade talks with the US and is Bloomberg's Jonathan Sterns explains. France is expected to resist giving the European Commission the green light to start negotiations. Crouse has been dragging its feet over a mandate for transatlantic talks since European trade. Cecilia Malmstrom requested in mid-january jittery that further delays could heighten the threat of US duties on European cars and auto parts the rest of the us been counting on France to remove its veto in Brussels. Jonathan Sterns, Bloomberg daybreak Europe and all this uncertainty around global trade sex the backdrop for the world trade organizations decision to slash its global trade growth forecast WTO director general Roberto as veto spoke to Bloomberg television yesterday. Those uncertainties are holding back investments, and so on and so forth and the investments, of course, dampen the numbers for trade to a large extent, I think the US China are the main source of their. And the IMF echoed those concerns managing director Christine Lagarde says the global economy is in a precarious position. And that it's been a synchronized deceleration around the world. But the a recession isn't likely in the near term now, let me just update you with some corporate news moving right now nine minutes into the equity market opens. We've had some said headlines come through from Santander. It's targeting progressive cost savings of one point two billion euros a year. This red headline on the Bloomberg along with this one Santander is to invest more than twenty billion euros in the digital and tech business. So these were couple of headlines coming through just to see how Santander stock is reacting as well. Where up one point eight percent, ten minutes into the session. So those us top stories now for the latest in global news. Here's Bloomberg's Laura Laura. Thanks narrow formulation prime minister, nausea, bras, like is on trial today. Facing a long list of charges linked to the one. MD be missing money scandal. He's charged with forty two counts of corruption and money laundering. And the case will shine a light on the complex transactions that have led to the disappearance of at least four and a half billion dollars. Nudge denies any wrongdoing. Veteran Algerian President Abdelaziz Bouteflika has finally stepped down leaving the role after the head of the army said he should go without delay. The eighty two year old had been in power for twenty years and had been wanting a new five-year, Tom. It's not clear if beautifully departure will be enough to calm demonstrators whose demands have widened to include the removal of all Jerry's entire ruling elite. The European parliament vote is in late may, but already Italy's league is raising the stakes. Bloomberg's John flaying explains. What will happen if the party schools highly it may seek to rewrite the government contract linking it to the five star movement. Ricardo Molina a senior league lawmaker said the party would have more bargaining power. After the vote in Rome, John frame, Bloomberg daybreak Europe, the city of Chicago. Has made history after electing a black woman as the mayor for the first time former federal prosecutor Lori Lightfoot won the vote by seventy four percent. And we'll be the first openly gay leader of the third largest city in the US and a black beetle the size of a sesame seed is killing South Africa's trees are no one knows how to stop it being bugs Pauline backs reports. Police shot hole Borer is one of twenty bark beetle species worldwide targets, an extraordinary white range of healthy trees inside Africa. It has been found on across the country from the eastern port city of Durban to western indigenous forests near Cape Town Johannesburg has been hit the hardest because it has ten billion trees in Johannesburg polling backs lemberg Europe. Global news twenty four hours a day on and it take talk on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Laura right? This is Bloomberg Nara, Laura. Thank you so much now with this morning sport. Here's George Altman have joined Huddersfield in. Being relegated from the Premier League. That drop back down to the championship was confirmed with a four one thrashing Wofford last night,.
"cecilia malmstrom" Discussed on WAFS Biz 1190
"Bloombergradio radio. Be officials ready. I want to mention commodities before we get onto the stocks to watch segment we all seeing all prices said heading for weekly gains, but they're softening somewhat today alongside other risk assets. WTI at fifty six dollars and three cents. That's down by one point one percent. We get onto stocks just want to say dollar taking a pool is a little softer after seven days of gains and weaker against the yen. But let's get onto the stocks to watch. Bloomberg's European stocks reporter Cassani show with us in the London studio. Cassini a great to have you with us. So berry agreeing to buy our for seven hundred ninety three Pence per share in cash talk us through the story. Hi there. Yes. That's a big story today. RPC's actually reacting negatively down one point two percent. It is an interesting deal because berries offer basically beat savvy offered that the major private equity firm Apollo had made right and shareholders might potentially like it better. But for some reason are down this morning, but densely because of the conflict that this is creating that shareholders will have to. Choose between two firms in the takeover externally sixties comparable sales declines in the first part of twenty nineteen. Well, that's an interesting one too because the stock is actually rising really well this morning. It's up three point one percent. So despite the company warning about comparable sales declines at the same time, it did meets adjusted pre-tax profit expectations for last year. So perhaps that's encouraging optimism and finally Kazan. Yeah. You're looking at Deutsche Bank and Commerzbank. Resuming merger talks. According to reports. Of course, this is speculation around this for a long time. What have we heard today? Correct. So that's an old story. It's been going on for at least a year. Now, we're hearing that say yes said the two banks are intensifying their merger talks the pressure from the German government to make this merger happened potentially. Right. This is a very complicated story. Both banks are suffering from declining stock prices and lacklustre trading conditions. So this will not be easy merger. Thank you so much because then you can do with us in our London studio with the stocks to watch. All right when it comes to our top stories this morning. We're going to start with a fresh states that we've received out of China. Overnight exports fell in February and imports also weakens at due to the Chinese New Year shut down on the trade war. Bloomberg's Bryan cuts is reports. Now from Hong Kong exports fell a staggering twenty point seven percent while imports dropped five point two percent. Economists had forecast both would shrink but far less February was an uncertain period for Chinese exporters. In addition to the holiday shutdown trade negotiation simmered ahead of a March first deadline for additional tariffs. If we take January and February together China's trade surplus with the United States widened to forty three point one billion dollars up three point nine percent from a year ago. Now, China's trade picture with the US and Europe is unclear with tariffs the main barrier with the former and a much weaker economy. In the latter Kong. I'm Bryan Curtis. Bloomberg daybreak Europe. Meanwhile, at a press conference of the National People's Congress today in Beijing Chinese Foreign Minister, he called the case against way, political and urged the US to retract it. Zero-sum approach with China. All right. Meanwhile, let's speaking to Bloomberg the US ambassador to China, Terry. Branstad blasted China strategy and responding to concerns about way technologies. This lawsuit is a brand new deal. But so I don't know the details on that. But it just seems kind of our. Bronze said that the law seat sounds like retaliation Civetta China's jailing of two Canadians shortly after waste chief financial officer was arrested in Vancouver back in December. The disputes has further dented ties between the US and China, even as the two countries get closer to ending a months-long trade war. Speaking of trade. The European Union is urging the Trump administration to stop imposing tariffs on the block. If he wants a partner in his fight against China. The president has repeatedly threatened to hit you've equals with tariffs of as much as twenty five percent trade Commissioner Cecilia Malmstrom says if the US does impose tariffs that you would have to retaliate if that were to happen. And I really hope that I will not be the case we will have to impose rebalancing measures. And then our relationship on other areas would be very difficult. That was E trade Commissioner Cecilia Malmstrom speaking exclusively to Bloomberg. Now, the outcome of next week's Brexit vote is in the European Union's Hance about his water Prime Minister Theresa may is set to say today as she tries to make progress toward a deal. Bloomberg understands the EU has made a new offer in its bid to break the impasse. But it falls short of what Britain wants may still hopes to get legally binding changes ahead of next week's vote. She will be speaking in Grimsby today. Apparently looking ahead in the US today. The government issues the monthly employment report economists surveyed by Bloomberg are projecting job growth. Moderated in February after topping three hundred thousand a month earlier the median forecast a gain of one hundred and eighty thousand and an unemployment rate back below four percent. Bloomberg's Vinny Del Giudice reports in January the US employment data surprise showing a gain of three hundred four thousand jobs, the most and eleven months, but the unemployment rate edged tires more people. Started looking for work lumbergh economics. Cs monthly payroll growth running near two hundred thousand through the first half of the year. Wages are also poised with salaries businesses struggled to fill slots job openings across the US are running at a record seven point three million beneath del Giudice, Bloomberg daybreak Europe. Also later today. Oil executives will be watching closely when Norway finally decides whether to let its one trillion dollar, several sovereign wealth fund, dump all of its oil and gas stocks. Bloomberg's Michael Holtz reports. Now from also the point of the proposal is to reduce the Nordic countries exposure to commodity prices since it's already western Europe's biggest petroleum producer climate activists have hailed it as a potential big step for the divestment movement. But it remains to be seen if Norway's conservative led government will go for it. And also Michael Holter, Bloomberg daybreak Europe. Those your top stories for the latest in global news. Here's Bloomberg's leeann guarantee..
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"And today we are seeing global growth concerns still putting a damper on equities Asia's regional benchmark for one is down by one and one third of one percent following Wall Street lower. We did see the S and P five hundred off by two point eight percent last night. Chinese equities slipping the most this year the CSI three hundred off by three point. Two percent. Elsewhere. We've seen the topics index shut up shop with a decline of one point eight percent. The hang sang down by one point six percent. So a broad based move lower this morning when it comes to Asian equities looking elsewhere US and European futures are also declining again this morning SMP futures for instance, off by four tenths of one percent. Euro stocks fifty futures off by six tenths of one percent. The ten year treasury yield holding fairly steady this morning, perhaps softening a little bit after what was a five basis point decline yesterday on the back of the unveiling fresh stimulus two point six three three percents. That's where we stand. The euro steady this morning, perhaps even slightly higher after dropping to a twenty month low against the dollar yesterday once again on the eating where at one spot twelve zero four the Japanese yen is a bit this morning higher by half of one percent. Dollar yen at one eleven spot zero four let's say get to our next segment. Which is the daybreak newsletter out on customer terminals, bringing you all the news that you need to start your day. We're going to check the top headlines now with that daybreak editor Richard MacAuley who is live for us out of Hong Kong, Richard. Let's say kick it off with Brexit, shall we? Because Theresa May is due to speak at this morning or Geeta speak this Friday in a small pro Brexit fishing port today. And she's got a message for the European Union. Gus right? Yeah. We're expecting the prime minister essentially to try to put the ball back in court when it comes to responsibility for getting a proper deal. So she's probably going to say that she still hopes to get a legally binding change or possibly changes to her deal ahead of the parliamentary vote that's next week. But she's going to also say the guessing those changes are pretty much or possibly entirely in the hands of issue officials. Ultimately, those changes come down to. Making tweaks to the so-called Irish backstop plan making that more palatable to MP's before they vote next week. And interestingly it comes as a week where we've seen the sort of relationship between the UK and the EU becoming they've been they've been getting more irritated by one another. So you officials have registered their displeasure Britain is also accused the issue of intransigence. Yeah. Absolutely. I mean, Geoffrey Cox, for instance, the the attorney general from the UK has apparently been criticized by e you officials they're not liking his negotiating style. It appears if we turn to the European Central Bank as well. It's a big story this morning, of course after yesterday's meeting. We're getting reports that some officials are doubting the new lowered outlook for twenty nine teen. What do we know here? It seems that some the Bank reckon the central Bank didn't go far enough in lowering its outlook for the rest of the year. So Bloomberg has learned the some officials argued that an assumed pickup in the second. Half of the year may not in fact happen now marriage Archy appears to have taken note to some degree his remark that risks remain tilted to the downside. So that's one sign paying attention to those bears. He also pushed a costs for enhanced economic support. So perhaps he's trying so facilitate that that point of view right now, though, it's kicked off a conversation essentially about whether there may be a more action further down later in the if the slowdown doesn't need Watson finally to trade, Richard the EU confirming that it's preparing a list of US made products. What some twenty billion euros apparently to to retaliate. If Donald Trump follows through on car tires. That's right. Yeah. So the goods have yet to be sort of we don't know what's on the list right now. We know that the u is preparing one snow yet publicly is still requires the approval of Member States now earlier Thursday, Cecilia Malmstrom. That's the EU trade Commissioner told an audience at Georgetown law school that the European Community wants to negotiate with the US the removal of tariffs on industrial goods. She said that that would be a first step to rebuilding the trust in their trade relationship, and the two sides could perhaps these more thorny issues to later if that gets done first so seems like a carrot and a stick approach right now with the possible tire Spital same to keep talking. Okay. Carrot and stick. We'll see if it works. Thanks so much Richard MacAuley, daybreak editor joining us there live from Hong Kong for the Nissan. You need to start your day. Bloomberg customers can access daybreak by typing D A Y B on the Bloomberg terminal now. Secede amounts. Trump. She didn't only speak at a forum in Washington DC. She also spoke exclusively to Bloomberg television. And well, she was talking about this potential threat. Then all of the e u ready to retaliate if Washington imposes car tariffs. Let's listen into the compensation. Well, we haven't seen the report headed to the president. We still hope of course, that it will not recommend tariffs on cars for European Union. It would be very harmful for our economy. It will be harmful for the global economy, and we'll be very harmful for the US economy. Because of course, many cars are produced here in the in the US with car parts from Europe. They sustain many job as a whole European trade and investment support seven million jobs in the US. We have a strong relationship it here, and we don't want to jeopardize this. This would have effects on the whole global economy. And as I understand nobody is really asking for this kind of terrorists here in. In the US either. Of course, if that were to happen, and I really hope that I will not be the case we will have to impose we balancing measures. And then our relationship on other areas would be very difficult to talk to us about any rebalancing measures retaliatory tariffs. Can you talk to us about your thinking about which sectors? You would look to if you had to be forced there. What we have started to prepare a draft list is not public yet. We have to consult with the states. I don't want to go into that. A will have the value of around twenty billion euros in total. But again, I really hope we don't have to do. So because we shouldn't impose tariffs on each other. We should work together. And Europe is an ally in the work that US wants to do reforming WTO working on on China addressing some of the the market distortions that are there. And of course, that work would be so much more difficult. If this happened we heard today Mario Draghi site protectionism as a contributing factor in investment slowdown. We also know that a lot of European companies so to China to what degree would you say that Trump's trade threats and actions, even just vis-a-vis China have contributed to the slowdown in near panic comment. Well, I think most international organizations the CD the World Bank. I m s many think tanks have warned that these escalating possible trade war and protectionism is bad for global economy. At tariffs is not making making us richer in in any way. And of course, we are so interlinked with each other the big economies. So it has effects on all of us. So it will. And if it deteriorates the situation. Would be worse. So that was a Europe's trade Commissioner strums speaking exclusively to Bloomberg. She was on Bloomberg television. What you miss last night? Let's get some more headlines from.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Any fair and unbiased person and the recent action against her particular Chinese company and individual is by no means a pure traditional case. But a deliberate political move to bring them down. China's Foreign Minister Wang Ye speaking through a translator speaking to Bloomberg also the US ambassador to China Terry Branstad called Weiwei's lawsuit, quote, not very smart and kind of bizarre Branstad said that the seats sounds like retaliation similar to China's jailing of two Canadians shortly after as chief financial officer mango Joe was arrested in Vancouver back in December. The disputes has further dented ties between the US and China and even as the two countries get closer to ending a months long trade war. Speaking of trade, the European Union is urging the Trump administration to stop imposing tariffs on the block EFI wants to partner. Up with Europe in his fight against China. The president has repeatedly threatened to hit e you vehicles with tariffs of as much as twenty five percent trade Commissioner Cecilia Malmstrom says that if the US thousand tariffs the EU would have to retaliate if that were to happen. And I really hope that I will not be the case we will have to impose rebalancing measures. And then our relationship on other areas would be very difficult. You trade Commissioner Cecilia Malmstrom. Speaking exclusively to Bloomberg turning to the U K next Prime Minister, Theresa may will today make a last-ditch attempt to break, the Brexit impacts impacts with Brussels. Bloomberg's Sandra Kilhof reports Theresa May. Well, today, tell the EU that the outcome of next week's vote on her Brexit deal is in its hands signs are imagining that the two sides are trying to make progress with the EU having made a new author on Irish backstop according to sources, but it is said to full short of what Britain. Has demanded may well today say that she still hopes to get legally binding changes ahead of Tuesday's parliamentary vote talks are expected to continue into the weekend. And if they fail parliament will likely vote against May's deal for a second time in London. Sandra kilhof. Bloomberg daybreak Europe. Also looking ahead in the US today. The government issues the monthly employment report economists surveyed by Bloomberg are projecting job growth. Moderated in February after topping three hundred thousand a month early out the median forecast a gain of one hundred eighty thousand and an unemployment rate back below four percent. Bloomberg's Vinny Del Giudice reports in January the US employment data surprise showing a gain of three hundred four thousand jobs, the most and eleven months, but the unemployment rate edged hires more people started looking for work Bloomberg economics. Cs monthly payroll growth running near two hundred thousand through the first half of the year. Wages are ultra poised with salaries. Businesses struggled to fill slots. Job openings across the US are running at a record seven point three million. Bloomberg daybreak Europe. Let's say get some more headlines from around the well, let's set taxi blue backs Leon good morning. Good morning, Markus. President Trump's full mccamley chairman Paul Manafort has been given less than four years in prison for Bank and tax fraud. Bloomberg's Bob Nain reports he could have faced twenty years in prison is prosecutors wanted he was sentenced to less than four special counsel. Robert Muller had urged the judge should take into account the gravity of metaphors conduct asserting he repeatedly and brazenly violated the law over a decade Manafort asked for compassion, saying his life is in shambles. His lawyer Kevin doubting argued a twenty year sentence would be excessive Bob moon. Bloomberg daybreak Europe in the UK piece tesol today. Tell the home secretary cited tablet, how much extra money they'll need to launch an emergency surge against knife. Crime a dozen deaths by stabbing in London alone. This year has shocked the country a spate of murders over to Brexit on the political agenda. End of this week and force the government to defend place funding, the British Iranian mother Nazanin Zagorje Radcliffe has been granted diplomatic protection by the government. It's the first time in living memory that ministers. Have used a tool to protest about the treatment of one of its citizens. The move takes a case from concealed matter to a state issue between London and Tehran foreign secretary. Jeremy hunt by decision is an important diplomatic step which signals to Tehran that its behavior is totally wrong. It's unlikely to be a magic one that leads to an overnight result demonstrates to the whole world is innocent. And the UK will not stand by when one of its citizens is treated so unjustly. Jerry's ailing President Abdelaziz Bouteflika has warned of plots against the state amid massive protests against his plan for re election. Bloomberg Solihull Kareem reports being a recent.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"And it's eleven thirty in Tokyo, which means the equity market there is now on lunch break if you're joining us from the region good afternoon. I'm Doug krizner at Bloomberg interactive brokers studio in New York, we've got a fair amount of risk off in Asia Pacific equities right now. We'll talk about markets in a moment right now. This hour's top business stories. Well, the Eurostat European Central Bank told us what they think today, they expect to keep interest rates on hold at least through the end of the year and ECB president. Mario Draghi says that is as the economic forecast dims the outlook for real GDP growth has been revised down substantially. He twenty thousand nineteen. As likely twenty twenty Draghi also announced a plan to expand. Existing stimulus will include making new loans to banks. We're hearing some ECB officials think the outlooks to Optimus tick, even when you factor in the stimulus. Elsewhere in Europe. The European Union is asking President Trump to lift tariffs on the European region. We had the EU trade Commissioner Cecilia Malmstrom saying that if the president wants a partner to help the US pressure China on trade, it's probably good to lift the tariffs for Europe, she commented inch an interview in Washington. Well, in China's manufacturing, heartland, the trade will has had less of an impact on labor than the lure of better jobs in the services industry. Bloomberg's Rishaad Salamat has more one plastics factory. Dongwon says it's the most difficult hiring year into decades. Chronics firm is losing employees to package couriers in the same neighborhood executives wage increases in one of bonuses. The even combing island villages to tug new workers. The evidence was gained from interviews with twenty managers in the southern city ruled the data suggests the nation's they've market is still robust despite the economic slowdown. So the composition of the labor market baby changing. But the jobless rate is barely budged. In Hong Kong. I'm Rishaad Salamat, Bloomberg daybreak Asia. Well, we had weakness in the US equity market in the last session nonetheless, we had tesla picking up about one tenth of one percent. The company is said to have reached a deal for Bank loans from Chinese banks. So the tesla can build its factory in Shanghai. About five hundred twenty one million in loans battery factory would be included in all of this. And this would put tesla one step closer to producing model. Three sedans at its first overseas plant now, the lenders are said to include China Construction, Bank international and commercial Bank of China along with Shanghai, Pudong Development Bank. Well, there's been some sanitary commentary on China's currency from Kyle bass, he says if a pledge to keep the on stable ends up being part of the US China trade agreement. That's just a big short. He says the weakening I call me. They will force China to break any agreement and theon weaken here in the states equities were down. We had the s&p falling for a fourth straight session. More from Bloomberg's Charlie Pellett. Move Laura for the Dow the s&p NASDAQ has some p having its longest losing streak this year on concerns about global growth. Investors, also keeping an eye on trade. Dan, skelly is head of equity model portfolio solutions at. Morgan stanley. We also think that the potential for trade easing with Trump g meeting later this month, all of those things lead to rebound in China. And by the way, we don't think China's get ease off on stimulus even if they get a trade deal as well. Some five hundred index down twenty two a drop of eight tenths of one percent. Nasdaq down eighty four down one point one percent. And the Dow down two hundred points down eight tenths of one percent in New York. Charlie Pellett, Bloomberg daybreak Asia. Looks like we're probably going to be down by the end of Friday here as well. It's chicken on financial markets in Asia and get it over to Bloomberg's Bryan Curtis. Thanks very much fall. It does look like a down day for most markets here in the region. The Nikkei is off one and a half percent. The Essex two hundred is down about eight tenths of one percent. The China markets will is quite interesting given the big rally, whether this is profit taking in fact, the question of the day posed on our markets live blog is will China stocks have a healthy correction after the world beating rally or will it morph into something more serious and they're posing. The question have most of the positive details from the NPC already been priced into equity. So a lot of questions there at the moment. We've got the CSI three hundred down one point five percent similar losses in Shanghai. The hang index down one point one percent. And in Seoul, the kospi is also lower down eight tenths of a percent. Just little old New Zealand kinda lonely out there with some very modest gains up a couple. Points ninety four thirty nine. The one has regained a little bit of strength though. We were trading about six seventy three sixty and now we're at six seventy to eighty so quite a little bit of strength in the offshore Chinese currency being expressed the onshore at six seventy two twelve WTI. Crude fifty six thirty six a barrel. L'estere waiting on the China trade numbers. Those will be coming through a little bit later this morning and the yield on the ten year treasury two point six four percent, Paul back to you. All right. Thanks very much for that. Brian former Trump campaign manager Paul Manafort has been sentenced three years and eleven months in prison. If Baxter's got the global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yup. All thank you, a special prosecutor Robert Muller at ask for nineteen to twenty four and a half years didn't get it. But Bloomberg's Andrew Harris says the judge listen carefully to the defense citing to arguments made by defense.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Morning in Hong Kong twelve thirty Friday afternoon here. In Sydney on Paul Allen. And I'm Bryan Curtis. I mentioned the pre-open number is on the Hang Seng index now down three hundred eighty nine points as the cash market opens up, and we also have the China stocks down quite significantly. Now two point six percent. Also in Tokyo, the Nikkei his has dropped three hundred ten points, a drop of one and a half percent. So yeah, definitely seeing some downside in these markets. Details coming up shortly. But for now the top stories a bit of a shocker today out of Europe, the European Central Bank expects to keep interest rates on hold at least through to the end of this year. President. Mario Draghi says that's as the economic outlook dims the outlook for real GDP growth has been revised down substantially each one thousand nine hundred eighteen as likely into anti twenty drug also announced a plan to expand existing stimulus that will include making new loans to banks, but we're hearing some ECB officials think the outlooks to optimistic even with the stimulus. The European Union is asking President Trump to lift tariffs on the European region. EU trade Commissioner Cecilia Malmstrom said that if he wants a partner to help the US pressure China on trade, then that would be a good way to go about it. She commented in an interview in Washington. Well in China's manufacturing, heartland, the trade walls had less of an impact on labor than the lure of better jobs in the services industry. Bloomberg's Rishaad Salamat has more. One plastics factory. Dongwon says it's the most difficult hiring year into decades chronic sperm is losing employees to package couriers in the same neighborhood executives tried to coax workers to the assembly lines with wage increases in one of bonuses. The even combing island villages to target new workers. The evidence was gained from interviews with twenty managers in the southern city ruled the data suggests the nation's they market is still robust despite the economic slowdown. So the composition of the labor market baby changing. But the jobless rate is barely budged. In Hong Kong. I'm Rishaad Salamat, Bloomberg daybreak Asia. All right. Well, let's take a look at tesla here because the company is said to have reached a China Bank loan agreement for its plant near Shanghai. It's said to be for as much as five hundred twenty one million dollars is loans from Chinese banks to build the vehicle and battery factory there. It would put tesla a step closer to producing model. Three sedans at its first overseas. Plant lenders are said to be China Construction, Bank industrial and commercial Bank of China and Shanghai Pudong Development Bank. Well, there's some incendiary Colin free on China's currency Kyle bass is if a pledge to keep you on stable ends up being part of a U S China trade agreement. Let's just a big short. He says the weakening economy, they will force China to break any agreement and let the UN weaken while we mentioned the selling in the Asian markets. He was like that on Wall Street is well, yes and five hundred down for a fourth consecutive session. Details now from Bloomberg's Charlie Pellett in this Wall Street wrap a drop in technology. Shares helped send stocks to their longest losing streak this year on concern about global growth. China trade also on investors radar. Chris Harvey is head of equity strategy at Wells Fargo securities at some point we're going to have trade tariffs this pressure. She there's pressure on Trump. We need to get that together. Once that gets together. I think we've seen the worst. We've seen a lot of demand. Pull ahead. That's big surprises. I think things go higher from here. S and P five hundred index down twenty two a drop of eight tenths. Of one percent. Dow Industrial's down two hundred also down eight tenths of one percent. Nasdaq down eighty four down one point one percent in New York. Charlie pellett. Bloomberg daybreak Asia. Well, we're underway for the final trading day of the week in Asia. So to see what's going on with get over to Bloomberg's Doug krizner. We're seeing a lot of weakness in computer and info tech related stocks. That was the case here in the states Paul that leadership actually to the downside help the the S and P five hundred break below that two hundred day moving average. And if you look at what's happening in Japan right now with the Nikkei infotech down two point seven percent right now, I'm looking at the market in Hong Kong infotech down three and a half percent and on the mainland infotech weaker by about three percent. So this theme of weakness in some of those highly valued names, really the the theme of the day here right now, the Nikkei weaker by one and a half percent. In Hong Kong. Hang sang down. One. And a half percent is well the mainland Shanghai composite down two and a half percent. We're seeing the kospi weaker by about one percent. Similar decline in Sydney for the ASX two hundred eco data for Japan a bit earlier this GDP for q four. Four revised a little more strongly than I estimate. We have an annualized rate of one point nine percent growth the end right now slightly stronger against the dollar, but that's probably due to most of the risk off that we're seeing in markets. One eleven forty five right now WTI crude oil, we traded up about nine tenths of one percent of New York to fifty-six sixty six that's kind of where we are roughly right now, although long term interest rates are kind of holding where we were in New York trading to sixty three on the ten year in the Tokyo session. I'm Doug krizner at Bloomberg interactive brokers studio in New York, Paul thanks Doug, former Trump campaign manager, Paul Manafort, the has been sentenced he's got three years and eleven months in prison. Baxter's got global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. A lot less than he could have gotten no Paul special prosecutor Robert mollering ask for nineteen to twenty four and a half years. But Bloomberg's and Harris says the judge listen, very carefully. To the defense citing to arguments made by defense counsel.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Let's check out what's happening on the markets on the final trading day of the week and get it over to Bloomberg's Doug krizner, Paul. We're seeing a lot of risk off. That was the case in the US session after the ECB gave a very grim economic forecast. And this was a day after the OECD downgraded the outlook. For nearly every g twenty nation. Will unpack the story in a moment. Suffice it to say the euro falling to its lowest level since about twenty seventeen right now, we're trading a dollar eleven ninety two against the dollar. And we had the yield on the US rather, the German tenure note also declining eco data for Japan the economy, interestingly expanded more strongly than I estimated in the last quarter GDP rising on an annualized basis at one point nine percent. The estimate was for one seven the end has strengthened ever so slightly were at one eleven forty nine. But the Nikkei is down about one point three percent right now in Seoul, the kospi down eight tenths of one percent. And in Sydney, the ASX two hundred weaker by about the same amount. We had a dollar rally during the US session, largely because of the euro weakness. Yes, the Bloomberg dollar spot index was up seven tenths of one percent in the last seven days. The Bloomberg dollar spot index has picked up one point seven percent. Long term interest rates came in just a bit in the New York session. We were to sixty three in late New York trading on the ten year right now in the Tokyo session, two point six four percent. I'm Doug krizner at Bloomberg interactive brokers studio in New York, Brian all Douglas. Thanks very much more now on the story. The central Bank expects to keep interest rates on hold at least to the end of this year. And here are the words of ECB president, Mario Draghi. There is surrounding the euro era growth outlook, a still tilted to the downside on account of the persistence of uncertainties related to geopolitical factors the threat of protectionism and Valetta abilities. In the emerging markets. Dougie also announced a plan to expand existing stimulus. It will include making new loans to banks, but it may not be enough. We're hearing some ECB officials think the outlook is to optimise even with the stimulus today. The yield on the ten year. German notes reached the lowest since two thousand sixteen and I think the yield on the ten year at the moment is at six point seven basis points, Paul the EU also urging President Trump to lift tariffs on the European region. And if that's if he wants a partner to help the US pressure China on trade most comments coming from EU trade Commissioner Cecilia Malmstrom an interview in Washington. Tesla is said to have reached a China Bank loan agreement for its plant their details here from Bloomberg's Denise Pellegrini. We're hearing tesla has reached an agreement to secure as much as five hundred twenty one million dollars in loans from Chinese banks to build its vehicle and battery factory in the country. This will put tesla step closer to producing model. Three sedans at its first overseas plant near Shanghai. The lenders are said to include China Construction, Bank industrial and commercial Bank of China and Shanghai prudan development Bank. They'll provide a series of loans and batches apparently, tesla also is amended a separate asset backed credit agreement increasing how much it can borrow going forward by seven hundred million dollars. Tesla broke ground on the factory in January. Denise pellegrini. Bloomberg daybreak Asia. A former Trump campaign manager Paul Manafort has been sentenced Baxter's, go global news in the Bloomberg nine sixty.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"He was futures are lower as the dollar strengthens for a sixth straight day, sixty one on Wall Street. We check the markets every fifteen minutes throughout the trading day on Bloomberg s&p futures are down four points. Dow futures down fifty NASDAQ futures down six and a half the Dax in Germany's down two tenths percent. So is the CAC in Paris Footsie-100 little change this morning. Nikkei two twenty five in Japan fell six tenths percent while the Hang Seng in Hong Kong was up a quarter percent ten year treasury up one thirty-second yield two point seven one percent. He on the two year two point five four percent. Nymex crude oil down one percent or fifty seven cents to fifty five ninety nine a barrel. Comex gold is up a tenth of a percent up a dollar forty two twelve eighty six ten announce. The euro a dollar thirteen o three and the yen one eleven point eight eight Nathan during the White House is open up trade disputes with China, Mexico, Canada just this week. India and Turkey today Europe seeks to avoid a similar fate. When trade Commissioner Cecilia Malmstrom meets with US. Trade Representative Robert lighthizer. The two are expected to discuss the transatlantic trade deal amid the threat of increased tariffs on European cars. Bloomberg's Maria today has details. From Brussels, e you has a very strong incentive to get this deal. Done. What we think they will probably pitch for me to recognition. They will probably also pitch to bring down some of the tariffs on industrial gets the question here. This is the concern and Brussels as whether this is enough for the US and Trump get ready use the cars to get a much bigger deal and go into some of the areas that until now have been a red line for the EU serenity. That is a concern will be de escalated, or can we actually see a beggar push to get into other industries European Union is seeking to strike a trade deal with the US. By the end of the year. Meanwhile, President Trump is pushing his train Goshi hitters to cut a deal with China soon. That's according to sources who tell Bloomberg that president grows increasingly concerned, the lack of an agreement could drag down stocks sources say President Trump has noticed the market gains that follow each sign of progress and is looking for a win after abandoning talks with North Korea. Hallway executive Juan Joe begins. Her battle against extradition to the US today. Bloomberg technology reporter, Selena Wang has details. History shows anything the expectation is that she will eventually be extradited from Canada to the United States. However, this process is very long as very protracted. There's been incidences of this taking as long as a decade and the length of time that this takes often depends on how much legal power and resources that the person on the other end has Inman window, obviously has a huge amount of financial resources to combat this and make sure that this is a long process. China's going to do everything they can to make sure that she is an extradited. According in Vancouver today is expected to set the date of Guangzhou's. First extradition hearing Carlos. Out of prison. The former Nissan chairman posted bail and left a Tokyo prison after one hundred eight days in detention now is focused turns to fighting allegations of financial crimes. Bloomberg's Dave mccombs reports from Tokyo that could be months before a trial would start. And now that going is actually no longer in jail the time burden on him has shifted a bit. You know, he's going to need time to put together a case. They're probably going to be fighting on two fronts. One is the court of public opinion. And at the same time he'll have to pursue a legal strategy, which looks at the actual legality the transactions in question, and whether or not those in fact were illegal it's going to take some time to put this case together and Carlos Ghosn paid one of the highest amounts ever, eight point nine million dollars in bail to leave Japanese prison Asia today, it was a mixed picture for stocks Japanese and Chinese shares diverging. Bloomberg's Juliet Sally joins us from Singapore with details. Good morning. Juliet. Good morning. Nathan. And Karen will China's Shanghai composite outperformed building on its. Recent Steeler run as the National People's Congress continued in Beijing the index rose one point six percent, however, drug makers in China fell as the government detailed insurance payment plans designed to drive down generic drug prices. The topics index in Tokyo fell full second session. Immed- yen strength sending that index down from twenty nine thousand nine highs reach Monday and the AUSSIE dollar slumped to a two month low as a strategy as Konami showed signs of weakness. Sparing trade is to raise bits on interest rate cuts in Singapore. I'm Juliet Solly, Bloomberg daybreak. Juliet, thank you the organization for economic cooperation and development is out with an updated outlook for global growth. It says the global economy is suffering more than expected from trade tensions and political uncertainty. As a result, the OECD is cutting its forecasts for world economic growth this year to three point three percent. That's down from an earlier estimate of three point five percent. The US Wall Street could be facing fresh restrictions on bonus payments bloomber. John Tucker joins us live with the latest. Good morning. John. Good morning pay. Limits were among the sweeping constraints to come out of the Dodd Frank act and they've been on the back burner until now sources are telling Bloomberg regulators appointed by President Trump considering dusting off the rules that came out of the financial crisis. The controversial rules were bent at curve incentive pay that could encourage traders to take the kinds of dangerous risks that contributed to the two thousand eight meltdown US agencies, including the Federal Reserve are now discussing reproposing the regulations at a previous attempts to approve them in two thousand eleven and sixteen failed. John tucker. Bloomberg daybreak Harry, John thank you and separately. Bloomberg news has learned Wall Street, banks and hedge funds are closing in on a fixed to clean up part of that derivatives market. That's gained a shady reputation powerful investment firms have been accused of earning big money from swaps trades by enticing companies to miss bond payments. The practice has a rooted market confidence. Now.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"We've SEI's global platform CIC dot com slash m s Nathan Karen, the White House has opened up trade disputes with China Mexico Canada. And then just this week. India and Turkey today Europe, six to avoid a similar fate. When trade Commissioner Cecilia Malmstrom meets with US. Trade Representative Robert lighthizer. The two are expected to discuss a transatlantic trade deal amid the threat of increased tariffs on European cars. Bloomberg's Maria today. Oh has details. From Russell's he has very strong incentive to get this deal done. So what we think they will probably pitch for mutual recognition. They will probably also patch to bring down some of the tariffs on industrial gets the question here. This is a concern in Brussels as whether this is enough for the US and Trump get ready use the cars to get a much bigger deal and go into some of the areas that until now. Have been a red line for the EU to really that is a concern. Will this be de escalated, can we actually see a beggar to get into other industries? The European Union is seeking to strike a trade deal with the US by the end of the year. Meanwhile, President Trump is pushing his trade negotiators to cut a deal with China soon. That's according to sources who tells Bloomberg that president grows increasingly concerned, the lack of an agreement could drag down stocks sources say President Trump notice the market gains that follow each sign of progress and is looking for a win after abandoning talks with North Korea. While way, executive Joe begins her battle against extradition to the US today. Bloomberg technology reporter, Selena Wang has details. History shows anything the expectation is that she will eventually be extradited from Canada to the United States. However, this process is very long as very protracted. There's been incidences of this taking as long as a decade and the length of time that this takes often depends on how much legal power in resources that the person on the other end has Inman window, obviously has a huge amount of financial resources to combat this and make sure that this is a long process because China's going to do everything they can to make sure that she is an extradited today. A court in Vancouver is expected to set the date of shows. I XE tradition hearing she's been under house arrest since December. I Carlos going is out of prison. The former Nissan chairman posted bail and left a Tokyo prison after one hundred eight days in detention now his focused turns to fighting allegations. Financial crimes. Bloomberg's Dave mccombs reports from Tokyo could be months before a trial would start. And now that is actually no longer in jail. The time burden on him has shifted a bit. You know, he's going to need time to put together a case. They're probably going to be fighting on two fronts. One is the court of public opinion. And at the same time he'll have to pursue a legal strategy, which looks at the actual legality the transactions in question, and whether or not those in fact were illegal it's going to take some time to put this case together. Carlos Ghosn paid eight point nine million dollars in bail to leave prison. That's among the highest amount ever in Japan in Asia today. It was a mixed picture for stocks Japanese and Chinese shares diverging. Bloomberg's Juliette Sally joins us from Singapore with details. Good morning. Juliet. Good morning. Nathan. And Karen will China's Shanghai composite outperformed building on its recent stellar run as the National People's.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Nine thirty. If you're listening in Paris, Frankfurt or Brussels. We check the markets every fifteen minutes for you. I'm neighbor chayhitch, Markus Karlsson. Yes, we left you with a little bit of a cliff. The last segment that was my fault. Spilling the gaps. We are seeing stocks are fairly unchanged. This morning perhaps tilted somewhat to the downside when it comes to the stock six hundred down by about one tenth of one percent. The Footsie-100 not budging March. It is flat this morning. We're seeing the cocoon of by two tenths of one percent of the vaccine Frankfurt off by four tenths of one percent. The auto sector in particular, providing a drag for European stocks. This has in Germany Schaffler are down by eight point nine percent. After the company dropped it said twenty twenty targets so one sector in one stock to watch this morning, if we look at the handover Asian stock markets, they've been mixed overnight low of movement when it comes to the headline level, they're either the Asia Pacific index little changed at the end of the trading day in fixed income, we're seeing Bon bons rising today, the ten year treasury yield down by basis points or so the Boone deal does well down by about two basis points also a little bit more than that, actually. We're seeing the ten year bond deals now at fifteen and a half basis points in FX, the Bloomberg dollar spot index strengths strengthens for six consecutive session. We're seeing the AUSSIE dollar in particular coming under pressure this morning down by three quarters of one percent. Sterling also under pressure by about a quarter of a percentage points at one spot. Thirty one forty four the euro fairly flat at one spot thirteen zero six let's move on some of today's top stories formulas on chairman Carlos gone was released from a Tokyo jail today almost four months after he was arrested on suspicion of financial crimes. Bloomberg's Isabel Reynolds reports from Tokyo Japanese media showed him slipping out almost unnoticed wearing a cap and glasses his face covered with a mask. He stepped into a services work van was driven away. His one billion bail payment was processed earlier in the day the fallen car industry, titan will not be allowed to leave too powerful the trial, and we'll be subject to other conditions aimed at preventing him from destroying evidence or absconding. In Tokyo, Isabel Reynolds, Bloomberg daybreak Europe. Meanwhile, Wall Street is trying to clean up. What's considered one of the shadiest corners in finance, banks and hedge funds or closing in on a fixed in the credit default? Swap market, Bloomberg has learned at Goldman Saxon. J P Morgan are among those agreeing to a plan that would ensure that defaults are tied to legitimate financial stress and not trader's bets on derivatives. Theresa May could be on course for another Brexit defeat. In parliament, the prime minister's chief whip has reportedly warranty isn't confident he has the numbers to get her deal through. Meanwhile, Bank of England governor Mark Carney says they've been quote constructive developments in readying for a no deal Brexit, and when it comes to the latest developments in trade, the EU trade Commissioner Cecilia Malmstrom will meet with the US Trade Representative Robert lighthizer today. The block tries to keep at bay the threat of tariffs on European calls. The question is whether the e you can get a deal done before nine hundred. Day deadline for punitive action for more on that story. Let's cross over to Brussels where Bloomberg reporter Maria today. Oh is standing by Maria. Good to have you with us. So what can the EU offer to stop President Trump from raising tariffs? Hey, good morning area. Well, just to give you a little bit of a recap. If you look at tariffs right now. European cars get charged two point five on small vehicles, and then twenty five on the backpack of trucks and Trump if he decided there is a national threat to security could make twenty five percent standard to clearly it has begging implications for European exports, and it has big big implications for the German car makers, and we know that is very strategic to the German economy. So there is a very strong economic not just political and fantastic. Get a deal done now and the eyes of the easy. They would be prepared to offer some kind of mutual recognition on a number of sectors. They would also maybe consider bringing down some of the tariffs on industrial goods. But the concern from a European perspective. And this has been a long negotiation is whether it does as enough for the Trump administration or they would actually use the cars knowing full. Well, this is so key to the European economy to get a bigger. Deal. Yeah. On that note Maria if the United States were to let the European auto sector of the Hoke, what might they want in return? Right. And it really is a question. So many years agriculture has been kind of a flashpoint for the US and Trump hotel. We don't get a fair deal from the EU. And if you look at his track record, he doesn't like to go into small deals he likes to renegotiate big v nine Canada and Mexico now with China. No question. They you acid like to get more access and to the agriculture market in Europe. That has big implications of bet red line for number of reasons. One the e would have to probably change fed standards, which they don't want to do. And then two it is already a very crowded and very competitive industry within the EU twenty-seven we've seen real tension in particular, what firemen among Member States. We add that mix it makes it very competitive, and it's very difficult to sell this politically among Member States in the EU great to have you with us Bloomberg reporter Maria today. Oh from Brussels. Thank you so much. Yeah. I think it's worth highlighting and underlining that getting some sort of a deal or from the US side starting negotiations on agriculture would be very difficult. France, for instance, has always put up a very good fights when it comes to opening up European agricultural markets. Anyway, let's move on to some more headlines from around the world. Here's a.
"cecilia malmstrom" Discussed on WAFS Biz 1190
"London nine thirty. If you're listening in Paris, Frankfurt or Brussels. We check the markets every fifteen minutes for you. I'm neighbor chayhitch. I'm Markus Karlsson. Yes. We left you with a little bit of a cliff. The last segment that was my fault. Spilling the gaps. Well, we are seeing stocks fairly unchanged. This morning perhaps. It's tilted somewhat to the downside when it comes to the stock six hundred down by about one tenth of one percent. The Footsie-100 not budging March is flat this morning seeing off by two tenths of one percent of the Dax in Frankfurt off by four tenths of one percent. The auto sector in particular, providing a drag for European stocks. This is has in Germany's Schaffler are down by eight point nine percent. After the company dropped it. Twenty twenty targets so one sector in one stock to watch this morning, if we look at the handover Asian stock markets, they've been mixed overnight low of movement when it comes to the headline level, they're either the Asia Pacific index little change that the end of the trading day in fixed income we're seeing bond. Bones rising today, the ten year treasury yield down by about a basis points or so the Boone deal does well down by about two basis points or so a little bit more than that. Actually. We're seeing the teddy Abboud deals now at fifteen and a half basis points in FX, the Bloomberg dollar spot index strengths strengthens for six consecutive session. We're seeing the AUSSIE dollar in particular coming under pressure this morning down by three quarters of one percent. Sterling also under pressure by about a quarter of a percentage point out one spot. Thirty one forty four the euro fairly flat at one spot thirteen zero six let's move on some of today's top stories formulas on chairman Carlos Goan was released from a Tokyo jail today almost four months after he was arrested on suspicion of financial crimes. Bloomberg's Isabel Reynolds reports from Tokyo Japanese media showed him slipping out almost unnoticed wearing a cap and glasses his face covered with a mask. He stepped into a service. Zinke work van was driven away. His one billion bail pain. Was processed earlier in the day the fallen current history titan will not be allowed to leave dependable the trial, and we'll be subject to other conditions aimed at preventing him from destroying evidence. Or absconding in Tokyo Isabel renounce, Bloomberg daybreak Europe. Meanwhile, Wall Street's is trying to clean up what's considered one of the shadiest corners in finance, banks and hedge funds or closing in on a fixed in the credit default. Swap markets, Bloomberg has learned at Goldman Sachs. J P Morgan are among those agreeing to a plan that would ensure that defaults are tied to legitimate financial stress and not trader's bets on derivatives. Theresa May be on cost for another Brexit defeat. In parliament, the prime minister's chief whip has reportedly warranty isn't confident he has the numbers to get her deal through. Meanwhile, Bank of England governor, Mark Carney says they've been quote constructive developments in readying for a no deal Brexit. I'm when it comes to the latest developments in trade, the EU trade Commissioner Cecilia Malmstrom will meet with the US. Trade Representative Robert lighthizer today. The block tries to keep at bay the threat of tariffs on European calls. The question is whether the e you can get a deal done before ninety day deadline for punitive action for more on that story. Let's cross over to Brussels where Bloomberg reporter Maria today. Oh is standing by Maria. Good to have you with us. So what can you offer to stop President Trump from raising tariffs? Hey, good morning area. Well, just to give you a little bit of a recap. If you look at tariffs right now. European cars get charged five on small vehicles, and then twenty-five on the backpack trucks and Trump is he decided there is a national threat to security could make twenty five percent standard to clearly it has begging implications for European exports, and it has big big implications for the German carmakers, and we know that is very strategic to the German economy. So there is a very strong economic not just political and fantastic. Get a deal done now. And the is the easy. They would be prepared to offer some kind of mutual recognition on a number of sectors. They would also maybe consider bringing down some of the tariffs on industrial goods. But the concern from a European perspective. And this has been a long ago ta tion is whether it does is enough for the Trump administration or they would actually use the cars knowing full. Well, this is so key to European economy to get a bigger. Deal. Yeah. On that note Maria if the United States were to let the European auto sector of the hawk what might they want in return. Right. And I really is a question. So many years agriculture has been kind of a flashpoint for the US and Trump will tell you. We don't get a fair deal from the EU. And if you look at his track record, he doesn't like to go into small deals he likes to renegotiate big. We be nine Canada and Mexico and now with China. No question. They you acid like to get more access entity our culture market in Europe that has big implications of red line for number of reasons. One the e would have to probably change sits down which they don't want to do. And then two it is already a very crowded and very competitive industry within the EU twenty-seven, we've seen real tension in particular, west farming among Member States, we add the mix it makes it very competitive, and it's very difficult to sell this politically among Member States in the EU great to have you with us Bloomberg reporter Maria today. Oh from Brussels. Thank you so much. Yeah. I think it's worth highlighting and underlining that getting some sort of a deal or from the US side starting negotiations on agriculture would be very difficult. France. For instance, has always put up a very good fight twenty comes to opening up a European agricultural markets. Anyway, let's move on to some more headlines from around the world. Here's the bluebox.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Or the initial data suggested that there could be a swimming in US crude inventories, we get the confirmation they'd run in a day and gold largely range-bound the interesting that US yields remain under pressure two point six two. Then. Put seven at the moment for that. Ted you yields then as you looked at the remainder of the training. We've got US equity futures that are called a little bit lower that for the one hundred fifty one percent. That's a bit of a flavor. Bloomberg business flash. Let's cross up to leeann guarantee. What else is happening around the world land. Good morning USA in the UK with the military standing by and said to be ready to help a big meeting. Takes place later to come up with ideas to tackle knife. Crime. The home secretary's sludge is having talks with police chiefs this morning to seventeen year old Steine in standings at the weekend. Last night man was arrested over the murder of Jody Chesney in east London on Friday special counsel, Robert Mueller is happening. Former Trump campaign chairman Paul Manafort, just days before his sentencing, prosecutors working from bullet told a federal judge Manafort has refused to accept responsibility for his crimes Manafort faces up to twenty four years in prison after being convicted of bang food tax. Fruit and failing to disclose offshore accounts and Kylie Jenner has become the world's youngest billionaire at the age of just twenty one the cosmetics entrepreneur and reality star has taken the title. From Mark Zuckerberg global news twenty four hours a day on Erin tick tock on Twitter bound by more than twenty seven hundred journalists symbol, the one hundred twenty countries and guarantees this is Bloomberg Markus. Thanks so much leeann now as the market is looking for clues on U S, China trade talks another front may open today. This as the EU trade Commissioner Cecilia Malmstrom will meet with the US Trade Representative Robert lighthizer over in Washington. DC the goal progress toward a trade deal before year end a sweeping US Europe agreements hit a major block a year ago when the US slapped a twenty five percent tariffs on European steel and aluminium this prompted retaliation of goods from Jack Jack Daniels to Harley Davidsons back in July the. Two sides agreed to a truce putting auto tariffs on the back burner. Bloomberg reported Maria today or is in Brussels for us this morning with more Maria. I suppose the question is what the EU can offer up to stop President Trump from raising tariffs on the auto sector. Right. Exactly. Get morning and just put it in context. If you look at the current state of play European cars, get a two point five percent tariffs on the smaller cars and the twenty five percent tariff on the bigger pickup trucks. Two says an area the US likes to protect. But as President Trump decided there is a case for national security. He could make twenty five standard. So obviously that has big implications for exports, and it has big implications for the German carmaking industry and to add a little bit more context. We know the European economy has slowed at the start of the year. So there is a very strong economic and Santa to eat together. Barry Barnes as a deal. Now, you could argue they would. Would wanna get maybe some mutual recognition? You know? There's also been talk about maybe cut in some of the industrial tariffs, but the bigger question, and this is really the question for Brussels as what it is is get enough the US administration or Trump would actually decide to use the cars to get a bigger deal and get into other sectors until now have been red line where the I want to pick up on exactly that Maria because if the US is going to use the car issue to to leverage of bigger and better deal. What do they want in return with the sectors? You're you're alluding to what are the sectors and how could that change right in a really is the question here in worry. I would say if you look at what Trump has said publicly, and it's no secret he argues, the US gets a bad deal from the EU and he likes to go into bigger negotiations that tackle Manny FRANZ his down that in Mexico Canada. And now China in terms of the e one sector in particular would be agriculture. And this has been as he know for many years now actually a red line for the EU because it implies maybe perhaps. Jensen standards, which they don't wanna do that bad in a similar way with Brexit. So you could argue this is where the US would like to get into. This is a trade that already in the in particular firemen is very crowded is very competitive, and it would be very difficult politically for the EU to sell this. Okay. Okay. So okay. So difficult to sell agriculture. I'm just kinda wondering though about car tariffs Maria. I mean is there anything to lose hear from the European Union's perspective? If the EU to drop it it's tires on on imports from the United States. I'm thinking specifically about the CEO of Volkswagen. Herbert dece we spoke to him yesterday at the Geneva motor show. And he was saying look it will actually bother us if these tariffs on US car imports were dropped. Well, I think there's two angles, obviously, there's a political one in which the will tell you ask a matter of principle. We cannot be bullet and two deals. So that is clearly a very political end the set at a made it clear, it's almost dead for tad of. We get new tariffs are gonna have to be the same just to kind of defend or Ellen trade policy. But I do think when you look at cars he may say that on the record, but for the German carmaking industry, it has a big deal and with estimated they could lose up to twenty three billion euros in lost revenue. If these were to go up, and well, Dan brings up the bigger question is he decided to those for the US? Then how did he get a guarantee that Trump will do the same for yours? I think it's very difficult and the EU will tell you. He is very volatile when it comes to trade. We don't really know what he thinks Maria accident reporting well done Bloomberg sewin- reporter Maria today or.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Bloomberg radio when it comes to the markets really feels if investors traders are waiting for the next shoe to drop when it comes to the trade talks between the US and China. Yeah. Absolutely. We see kind of a mixed picture in terms of Asian equities right now. But not as you say not a lot of movement. Really? I mean, the CSI three hundred is down but only three tenths of one percent. The hang sang is only a quarter of one percent of the topics in Japan down a quarter of one percent. So arrows pointing in different. Directions. But not a heck of a lot of size there. We do see unit directional European futures and US futures trade and that is down. So euro stocks fifty Footsie-100 Dax futures all down just slightly Dow Jones many s and p five hundred and NASDAQ one hundred futures are all down as well this morning taking a look at other risk indicators. We see the US tenure yield falling. So investors are loading up on the debt. Two point seven zero percent is the current US ten year yield. And we see the strengthening just a bit still won eleven eighty two so relatively weak against the US dollar, but gaining a little bit of ground today. The dollar itself gaining ground on the euro one twelve ninety seven and the pound at one thirty one thirty six so sterling has been losing a little bit of ground as lake and that's something. We'll we'll talk. Talk about throughout the program. Funding wanna take a look at oil and other big story today in the Permian basin. We see Brent crude down to sixty five twenty nine and NYMEX WTI trading at fifty six oh, two a barrel, Marcus. Okay. Let's dig a little bit deeper on what's happening in the FX space. We're gonna cross over to Singapore where Wes Goodman from the markets live team joins us Wes as was just saying we're seeing dollar strength today. The Bloomberg dollar spot index higher for a sixth consecutive session at the same time. We're seeing the alsi dollar falling in is the main folder among major currencies against the greenback. This after the nation said GDP fell short of forecasts. What's the outlook from your perspective for the AUSSIE this? Hi, good morning, everyone. Yeah. The Australian dollar decline was the big currency mover today. You don't after this GDP miss. It just seems like more and more people are calling for the RBA to to cut interest rates and the report prompted JP Morgan and Macquarie Bank to both announce they see to rate cuts this year, not just one but two. So if interest rates are falling in Australia that makes it less attractive to invest in the nation and suggest the Australian dollar has further to go on the downside. All right. Talking about today. Also, Hong Kong prices rebounding a little after decline. Why are you writing the rebound is just getting started here? Yeah. This is something a little different from what we usually talk about. So hopefully, people will find it interesting. But there's been a big stock market rally in the nation. People have more money to spend there. I should say in the city and people have more money to spend there's a strengthening and the Chinese you want and that may help Hong Kong attract property investors from China and in a in a sign of how desperate people are for housing. The government is taking over part of the Hong Kong Golf club to build homes. So I've never been to the Hong Kong Golf club. But I looked it up on the internet. And apparently, it's a very iconic piece of the city, so Hong Kong property, rebounding. From a cell often. There are lots of positive signs for the market going going forward. Alright cramping Hong Kong Golf clubs style. The property market is thanks so much, Wes Goodman, full real time market, commentary and analysis. Check out markets live. That's mlive E ON your Bloomberg terminal. All right. Let's get to the top stories of the day. And in the UK, surely will be focused on Brexit news. Sterling has taken a another leg lower after Reuters reported that the talks in Brussels ended without a deal after more than three hours, the latest talks in Brussels. The news coincides with the warning that UK Prime Minister Theresa may could be on course for another defeat in parliament. Bloomberg's rob Hutton has the latest chief Julian Smith won't cabinet yesterday morning that next week's vote would be tight. He predicted that in the votes that would follow any defeat a no deal branks. It would then be taken off the table, and the government would be instructed to seek an extension to talks, and he also said he expected MP's to put down further amendments that would pass put the UK on Costa staying in the European Union's customs union in London, Robert Hutton, Bloomberg daybreak Europe. Meanwhile, in his testimony to lawmakers in Westminster yesterday Bank of England governor, Mark Carney said that the. K has made constructive developments in preparing for our no deal Brexit through the economic impact of that though, the economic impact of that would still be substantial. Let's listen. There has been progress in preparedness, and that reduces emphasize, this reduces the level of the economic Sean we do see potential for material shock what we can do about. That is to make sure that financial sector is is there to help buffer it. Carney also said that if the UK leaves the European Union at the end of the month with no deal in place. It's more likely to be a quote disorderly rather than eight disruptive events. So the news not as bad from Connie's perspective. The that that that I would have been in November. Because that's the last time that the governor really talked about this. Yes. And it was terrifying. The last time he gave his thoughts. Let's get to the latest trade news this morning EU trade Commissioner Cecilia Malmstrom will meet US Trade Representative Robert lighthizer today that says the block tries to keep at bay the threat of tariffs on European cars. The question is whether the EU can get a deal done before a ninety day deadline for punitive action. Meanwhile, data to be released today may show that the US trade deficit with the rest of the world has topped six hundred billion dollars. This trade shortfall is the main metro. Eric by which President Trump judges countries to be winning or losing. And it would mean that during his two years in office. It would have grown by more than one hundred billion dollars. Although I hasten to add that a lot of economists are saying that the trade deficit is not really that. Great of an indication of how an economy is doing. All right saying with the US here Boston Federal Reserve president Eric Rosengren warned about the impact of a global slowdown. The real concern that I have is actually that the slowdown in the rest of the world on top of these two and up causing more slowdown than we are. Right now. Speaking at an event in Boston, Rosengren, also said the well behaved inflation rate. That's how we call it. Well behaved as helped to abate the Fed's initial concerns about overheating risks in the US Konami. Now, we also need to turn to some corporate. News sore knees related to corporates collars, gone is set to be released on bail after an appeal by prosecutors failed. He has now paid his bond on FM is reporting. He will be released soon. The auto industry titan has been locked up in Japan. Since November Tokyo, prosecutors still have the option of extending his detention by arresting him on new charges. And let's get to Wall Street nearing a fix. It hopes will clean up one of the shadiest concerns shadiest corners. I should say in finance the eight trillion dollar CDS market. Some firms have been accused of making money by enticing companies to miss bond payments. They could otherwise have made we're told big Wall Street names have agreed to a plan to ensure any defaults are legit. Yeah. Story the Bloomberg terminal this morning, if you go to your read function you'll see it right now. Let's get to the latest in global news. Here is Bloomberg's Leon GARRETT'S. Good morning, Markus. Counter-terror place fear that could be more explosive devices circulating after three we'll founded airports and railway station in London yesterday. Peace in Ireland are working with Scotland Yard because at least two of the packages had Irish stumps on them. But piecing expert Graham Wettin says that may not mean anything investigators you keep an open mind Odom. So that might be lead. It might not be the fat comes from Ireland. Oversee makes people think previous again is an investigator. You have to keep an. North Korea's being wounded faces and more sanctions if it refuses to give up its nuclear weapons national security advisor, John boatswain says the Trump administration has been very clear in what it once and new measures will be imposed if necessary last week's Hanoi summit break up with Washington calling for more action. Angela Merkel successor as leader of Germany's Christian Democrats is preparing to make a debut and a traditional party event on the Baltic coast later today. Bloomberg's Patrick Donaghy has this preview. Undergrad Crump Karumba our will appear at the CDs political Ash Wednesday festival for the first time the event, which includes a loud, music, beer, and political roasting will be a test for chrome Carin Bauer in Mac OS backyard with political Berlin betting on how long Michael's fourth and last coalition lasts AK k will arrive at the festival in Berlin. Patrick Donahue, Bloomberg daybreak Europe and Nigeria's opposition candidate accurate. Wta Abubaka has filed a tribunal seeking access to review material used during February's general election, this softer president Muhammadu Buhari one is second term, which has been hotly disputed. Bloomberg's Topi lucky reports back another compelling the electoral commission to provide ballots where I was I read this assembled Qadri does use for examination illegals, relative, Bloomberg daybreak Europe. Global news twenty four hours a day on Aaron at take on Twitter Popeye more than twenty seven hundred journalists and analysts in one hundred twenty countries Amion guarantee. This is Bloomberg. Matt leeann thank you very much to get the European sports report. Now, Joe Rawson taught him or the draw for the quarter-finals of.
"cecilia malmstrom" Discussed on Bloomberg Radio New York
"Let's get you up to date on the news, you need to know what this hour. US futures are rising ahead as top level trade talks come to a close in Washington. President Trump is set to meet China's top trade. Negotiator this afternoon. Bloomberg's Karen Lee has the latest from Beijing. Today's meeting will cap the latest round of talks, and it does signal optimism that the talks are at least making enough progress to warrant a face to face meeting of this level that said nothing concrete has come from the last rounds. Besides a lot of optimistic statements from both sides, including Donald Trump, but really with nothing to hold onto and President Trump's meeting with Chinese vice-premier, Leo ha is scheduled for two thirty PM Wall Street time. Meanwhile, e you trade Commissioner Cecilia Malmstrom says Europe could reach a trade deal with the Trump administration this year to EU officials say the European Union expects Prime Minister Theresa may to request a three-month delay to breaks it business confidence in Germany fell to the lowest level in four years. Sources say Societa Generale is drawing up plans to cut jobs at its investment Bank sock. Jen is also looking for a partner for its cash equity business. To offset increasing cost pressure from regulation. Ford Motor has alerted federal regulators. There could be a problem with its emissions testing. We get the story from Bloomberg's Charlie Pellett. The announcement comes months after employees reported potential flaws in the way, the company certifies its models. Fuel economy ratings Ford said it has hired an outside firm to investigate road load. Specifications used in testing Ford said the probe does not involve looking for defeat devices which Volkswagen used in the diesel emissions scandal that has cost the company tens of billions of dollars. Charlie pellett. Bloomberg daybreak. Caroline. Thank you. Shares of Kraft Heinz down more than twenty percent this morning, the package food company wrote down the value of some of its best known brands by more than fifteen billion dollars and cheers stamps dot com. Plunging almost fifty percent. The company forecast full-year profit well short of estimates. After critical partnership with the US postal service. SNP futures up nine and a half points. Dow futures up ninety nine NASDAQ futures up twenty nine and a ten year treasury up to thirty seconds. The yield two point six eight percent. The euro dollar thirteen thirty five and straight ahead. We have the latest world and national news. This is Bloomberg. Thanks, Karen, five thirty three on Wall Street. Let's get news from around.
"cecilia malmstrom" Discussed on Left, Right & Center
"There's I think some frustration because I think there's a seeming in some places might include Brussels EU institutions amongst this that they should be places areas in which the EU and the United States could work constructively. A good example is China. So here in Germany, there's a very interesting change happening right now. Traditionally China has been seen as opportunity to Germany's exports a huge new market. Now, there's growing concern about things like industrial espionage. And there's room is that while they might be banned from from building the five G network here. Now, there are obviously lots of similar concerns in the United States as well about reciprocity of marketaxess. Now, these not to the European Union the United States should be. Working together on this to tackle this issue. But instead there is each other's throats because they have their own trade dispute going on there have been some very heated Stoltze between these trade Commissioner Cecilia Malmstrom and robot lighthizer, the US trade Representative in Washington recently because this issue is now becoming such a stumbling block in relations in transatlantic relations. It makes it that much harder to the Europeans and the Americans to work together on the streets weather should see eye-to-eye Korea on the security side of that relationship. Obviously some of the ways that the president talks about NATO are highly unusual and a real break with with past American presidents. But one thing that you did hear from past presidents was that that European countries were not spending enough on their own defense that they should be stepping up more in terms of their military spending is a silver lining of this that some of that is happening that Europe is looking at at the US as a potentially unreliable partner, and one of the things that they're saying is that they do need to shoulder more of their own military defense burden. Yeah. That's funny. It is kind of a silver lining that the United States is now so unreliable to the countries who pledged to defend each other that they are. So scared that we won't show up when they need us that they are starting to do more. But if you track very carefully the increases in European defense spending. They start going up after the Russian invasion of Ukraine that the seizure of Crimea, the invasion of the dumb best and eastern Ukraine is when European start getting nervous and start reinvesting. It actually predates. Donald Trump's arrival. Your other point is exactly right. Every American president has always thought that Europeans should do more. There minutes from national Security Council meetings in nineteen fifty six in which Dwight Eisenhower as president and John Foster Dulles as secretary of state are bemoaning the. Fact that the NATO idea has probably run its course because Europeans just don't want to defend themselves. Tom is there a sense in Europe that, you know, win the Trump administration ends whether that's two years from now six years from now five months from now, whatever that is that there's an ability to go back to the way the relationship was before are they looking at the changes in US behavior as an oddity of this president or are they looking at it as a permanent change in the US posture. I think that's a really good question. My feeling is in most places. Most governments are probably waiting slash hoping that we will have a return to something like the status quo ante, and there isn't assumption that because Trump's approval ratings are so low that he will probably get tossed from office at the next election. If the if congress doesn't get to him first that said, I think there was a ceiling in in some circles that the old certainties the old guarantees that the transatlantic relationship. Is foundation of the liberal, which is the basis for everything. That's wonderful the nice and happy world that Europeans constructed for themselves. There's a feeling that that may not come back, or at least it may not come back in precisely the same form as we knew it four off rule. Trump won election in the United States on an America. First message vowing to fix bad trade arrangements. He pulled out of the Paris climate deal..
EU's Top Trade Official Proposes Ending All Car Tariffs With U.S.
"Top trade official today proposed going beyond a. US EU trade plan agreed upon at the White House last. Month and eliminating all car tariffs Cecilia Malmstrom told members of the. European parliament that four autos the e u was willing to bring down the tariffs to, zero if the US does the same President Trump and European Commission president Jean-Claude Yonker last month, agreed to dial back tensions over trade and. Begin talks, on cutting tariffs across the
Bloomberg, EU and Philadelphia Department Of Prisons discussed on Bloomberg Surveillance
"Is looking for actors to perform at the Philadelphia department of prisons training facility that for formers will need to act out several assigned inmate based mental health crisis scenarios. The actor should be able to use props and make up to simulate mentally ill patients. This would include the use of objects inmates have been known to possess
EU readies new trade retaliation list before Trump visit
"And auto parts European markets have traded mostly lower earlier too early today European Union says it's already, preparing measures. To retaliate against the president tariffs on imported cars and auto parts you trade. Commissioner Cecilia Malmstrom says the Twenty-eight nation. Block would be forced to, impose more as she put it rebalancing, measures if Trump escalates trade tensions with the, auto tariffs they would come on top of tariffs US already put on steel and aluminum imports with the response Duties on, u. s. products, looks like we're. Headed for a lower open on Wall Street here nothing probably too dramatic, Dow futures down. Seventy six right now s. and p. five hundred down about nine and the, NASDAQ is down twenty nine and coming up in about. Five minutes we will take you to the. White House. We'll talk with ABC's signs about the president and whether he does, or does not accept the intelligence communities. Assessment of what Russia is trying to do here in the United States and what's being done in the US Senate to. Try and combat this perception that the president doesn't, trust our intelligence agencies that's coming up at about five minutes KTAR news time is five oh nine The monsoon is here lots of blowing dust around the valley several trees down pulled up by the roots seventy mile per hour gusts.
Donald Trump, China and America discussed on Paul Ross Full Set Breakfast
"Stories of the day on two radio with the times know your times yes indeed it's time to talk about those tariffs big shock horror from everybody with the american president donald trump earlier this month decided to impose steep duties on steel and aluminium imports into the us twentyfive percent tariffs on steel imports ten percent aluminium now given that he was actually mostly angry with china for dumping these products on american shores are costing jobs in america we felt when he also talked canada mexico and other close us allies including the eu with the you said you bring those in we will retaliate and retaliate we are the european union including the uk is as of today launching a raft of retaliatory tariffs against the us exports from america will and experts like bluejeans motorbikes and bourbon whiskey which sounds like a stoking the good night out is going to be targeted that was confirmed by cecilia malmstrom the trade commissioner she said the block did not want to be in this position she said that the unilateral and unjustified decision to impose steel tariffs on the means that we are left with no other choice but what does this mean for you or may jonathan davis is on the line he's an economist and wealth adviser joins us now good morning to you hello jillian.
Mattis accuses China of ‘intimidation and coercion’ in region
"Living on the world trade organization to weigh in the eu has opened a case at the wto challenging the twentyfive percent tariff on steel and ten percent duty on aluminum e you commissioner cecilia malmstrom calls the tariffs illegal if this pure protectionism european steel and aluminium exports to the united states to not be seen as a threat to the internet security mark zandi chief economist at moody's analytics says the us is justified and bringing its case to the global trade body look like a long time before wto adjudicates but ultimately find us in the wrong so during the right they're gonna stand tufty you hasn't finalized any tit for tat measures on us products but has a list of goods it could hit with retaliatory tariffs windsor johnston npr news commerce secretary wilbur ross has arrived in beijing hoping to advance china's promised to buy more american goods his visit comes as the trump administration threatens tariff hike on china's high tech exports meanwhile defense secretary jim mattis has sharply criticizing china's deployment of advanced missile systems on newly built islands in the south china sea michael sullivan reports mattis delivered the rebuke at a conference in singapore today mattis minced no words in his speech at the shangri la dialogue despite china's claims to the contrary he said the placement of the missile systems is clearly intended for the purpose of intimidation and coercion he said the us decided to disinvite china from a multinational naval exercise this summer because of the chinese deployment missouri's new governor is calling for a fresh start and state government and for citizens to come together republican mike parson was sworn in yesterday after fellow republican eric brightens resigned marshall griffin of saint louis public radio reports parsons served in both the missouri house and senate before being elected lieutenant governor in two thousand sixteen law lawmakers in both parties hoped the sixty two year old cattle farmer and former sheriff will be easier to work with and greitens who called his opponents crooked career politicians and often attacked members of his own party parson told reporters friday he wants to bring people together my pledge to all missourians to work hard each and every day to bring honor integrity transparency so the governor's office parson is scheduled to spend the.
As US tariffs go into effect, Europe, Canada and Mexico strike back
"Employers appear to be shrugging off fears of a global trade war us tariffs on imported steel and aluminum have taken effect as europe canada and mexico threatened retaliation it is fortunate because this is further weakening the transatlantic relations and it also increases the risk of severe turbulence in the markets globally cecilia malmstrom is the european union trade commissioner tonight commerce secretary wilbur ross will talk trade over dinner with a chinese officials it was self defense that's the argument being made by an uber driver in denver who is accused of shooting a passenger to death police say the driver twenty nine year old michael hancock told a witness that he shot and killed his passenger because he says the writer tried to attack him by hancock wouldn't talk to investigators without a lawyer so after he was treated at the hospital he was arrested hoover policy doesn't allow riders or drivers to carry firearms except in states where companies are prohibited from manning then hoover's firearm policy prevails in colorado police say the passenger fortyfiveyearold young tim was shot multiple times rob dawson fox news more than eighty homes have burned on hawaii's big island has lava continues to spew from the kilowatt volcano officials continue to urge residents to heed evacuation warnings in new york pam who sell fox news.
The Latest: Judge grants Greitens' reprieve from subpoenas - National News
"Trump delivered remarks at the change of command share morning at the us coastguard headquarters saying he's never been more proud of the coast guard these are exciting times for america we are being respected again we're being respected abroad and we are restoring our wealth at home it's about time trump nominee admiral carl scholtz will relieve admiral paul zukin as top official of the military branch zukin has been coming out of the coast guard since may of two thousand fourteen after us tariffs on imports of european steel and aluminum took effect friday morning the top trade commissioner cecilia malmstrom call them illegal and a classic use of protectionism challenging today both the us and china at the wto and he demonstrates that we are not choosing any sides we stand for the multilateral system for a rule based global trade the eu plans to make its case to the world trade organization kansas republican jim barnett it has selected his new wife rosie hanson to be his running mate for governor they married in september primary elections are in august barnett is one of four major republican candidates for governor and missouri lieutenant governor mike parsons has been sworn in as governor after scandalplagued eric brightens resigned greitens facing possible impeachment in the missouri house over scandal for usa radio news.
Mr Kim, European Union and Trump discussed on The Troubleshooter
"Singapore the meeting comes after two days of negotiations between mr kim and secretary of state mike pompeo who reported good progress has been made in talks revived the on again off again nuclear summit rich rachel the european union reacting to new tariffs on imported steel and aluminum you trade commissioner cecilia malmstrom says the terrorists must be opposed by the world trade organization and is calling on e u nations to tax us exports can do so we have the right to do so i think we we we must do so as well to show that we cannot just take these tariffs and standard silent and we do not accept these kind of of of of post illegal tariffs president trump implemented the tariffs against the european union canada and mexico president trump is short time ago touting numbers from today's jobs report with three point eight percent unemployment just announced and another all time record low african american unemployment hispanic unemployment at an all time low oh in history the president was speaking at a coastguard change of command ceremony in washington a two day manhunt in tennessee for a suspect in the shooting death of a deputy is over stephen wiggins has taken into custody this morning dickson county sheriff's sergeant daniel baker was shot and killed wednesday while investigating report of a suspicious car officials say wiggins was found lying on the side of the road not far from where that shooting occurred fox news.
U.S. to slap tariffs on steel, aluminum from EU
"To dismiss it saying allegations are unsupported the head of the organization of american states expects increasingly tougher sanctions on venezuela's president nicolas maduro after challenged his government with crimes against humanity yesterday secretary general luis migros expects at least one country to sponsor the report and trigger a formal investigation by the international criminal court and former slovenian prime minister john is john's is leading the polls ahead of a snap election on sunday his slovenian democratic party sits on twenty five percent in a campaign dominated by fears of an influx of refugees from a comedian and may and mayan sonic is the closest rival nine to sweep out of political elite that's held sway since the fall of the iron curtain global news twenty four hours a day on airline it takes on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred and twenty countries i'm sandra kilhof this is bloomberg marcus sandra let's turn to one of our themes of the morning that's trade this as the eu is bracing for trade offensive from washington after reports the trump administration is poised to impose tariffs on steel and aluminium the president slapped duties on the metals back in march granted a reprieve to the eu and some other countries until the end of may let's get the latest now on this trade story we're going to go live to paris where bloomberg's counting canal is standing by forest catalin there's been some last minute diplomacy on these tariffs at the oecd meeting tell us about it yeah last minute diplomacy but we didn't see a really any progress here the the eu trae chief cecilia malmstrom met we've the us trade secretary wilbur ross and with the trade representative robert lighthizer bitchy you didn't even do briefing afterwards she didn't talk to the.
King Felipe, Shinzo Abby and Donald Trump discussed on Bloomberg Daybreak: Europe
"Ministers the president central dramatically as early as tuesday the former imf executive may serve as both premier and finance minister but his government will be short lived with populist parties demanding early elections in the fall in rome john lane bloomberg daybreak europe now we're also following spain of course as the prime minister their faces the no confidence vote on friday meanwhile spain's embattled government has nominated pablo hernandez the cost to head the country's central bank backing a fiscal conservative for a job that includes a say in european monetary policy economy minister roman escalante will go before a parliamentary committee today to make the case for this new bank of spain governor before the appointment becomes official and can be ratified by king felipe pay let's talk about shares in japan display and sharp have fallen after reports saying apple lonzo let screens for all its new iphone models south korea's electronic time sites and identified industry officials for its report samsung display has so far been the sole supplier you'll recall oleg for use in iphones and also the us is said to be willing to discuss a deal with europe over claimed illegal state subsidies given to airbus the proposed talks indicator shift in position for the trump administration and could open the way to the eu avoiding billions of dollars in sanctions however we all told that washington is ready to impose penalties if the two sides failed to reach a solution certainly want to keep an eye on as we understand that the eu trade commissioner cecilia malmstrom will be holding talks with the wilbur ross the commerce secretary in paris tomorrow all right let's get the latest in global news and cross back out to bloomberg's sandra kilhof center good morning yussef japan's prime minister all day is meeting with president trump ahead of the proposed summit between the us leader and north korea's kim young earn andy sharpe is bloomberg's editor for japan and the careers japanese prime minister shinzo abby wants donald trump's air he fears that president trump will make a nuclear deal with north korea without addressing tokyo's concerns about the rogue states missiles and the.
Schiff: Trump-linked firm needs to testify before Congress
"Ceo's of each to come testify and adam schiff ranking democrat on the house intelligence committee who's looking into russian interference in the twenty sixteen election toll abc's this week he wants to find out more of that misappropriate information used by this digital arm of the trump campaign to manipulate american voters cambridge analytica says it didn't use any of the data in its work for the trump campaign further it's an is using or holding facebook profiles amy held npr news it's been a mixed day for stocks in asia this is npr news from washington the european union says it will tax a number of american goods if us imports of steel and aluminum from europe are not excluded from new tariffs they're set to take effect on friday as teri schultz reports the e us top trade official is due in washington this week to discuss those tariffs with the trump administration eu trade commissioner cecilia malmstrom says the only acceptable outcome of her talks with us counterparts is that there will be no extra tariffs on steel and aluminum imports as america's closest allies monstrum says it's inconceivable europe could represent the national security threat president donald trump has used to justify his move but should washington and brussels not reach agreement this week the eu has released a ten page list of items it will target in retaliation those.
Trump campaign phased out use of Cambridge Analytica data before election
"Trump campaign coordinated with russia is only part of moore's mandate representative trey goudy the republican chairman a house oversight committee said trump and his team should stop pushing to any investigation if you've done nothing wrong you should want the investigation be as wholesome and thorough as possible he said miles parks npr news washington facebook says it's begin a thorough review after suspending cambridge analytica for improperly obtaining private information from users npr's amy held reports a former cambridge analytic research director says the data came from more than fifty million profiles and the data research firm wanted it to try to learn how people might vote and how they might be targeted now the british parliament says facebook and cambridge analytica have been deceptive and wants the ceo's of each to come testify and adam schiff ranking democrat on the house intelligence committee who's looking into russian interference in the twenty sixteen election toll abc's this week he wants to find out more of that miss appropriate information used by this digital arm of the trump campaign to manipulate american voters cambridge analytica says it didn't use any of the data in its work for the trump campaign further it's an is using or holding facebook profiles amy held npr news it's been a mixed day for stocks in asia this is npr news from washington the european union says it will tax a number of american goods if us imports of steel and aluminum from europe are not excluded from new tariffs they're set to take effect on friday as teri schultz reports the e u's top trade official is due in washington this week to discuss those tariffs with the trump administration eu trade commissioner cecilia malmstrom says the only acceptable outcome of her tots with us counterparts is that there will be no extra tariffs on e u steel and aluminum imports as america's closest allies monstrum says it's inconceivable europe could represent the national security threat president donald trump has used to justify his move but should washington and brussels not reach agreement this week the eu has released a ten page list of items it will target in retaliation.
Jeff Sessions says prosecutors won't pursue "small marijuana cases"
"And suffering more need our help now just a few dollars will help international animal rescue say were suffering ragtags before it's too late what did you do today nothing's because his saving baby arena tax donate now at international animal rescue dot com that's international animal rescue dot com attorney general jeff sessions has federal prosecutors have better things to do that to take on minor pot possession cases us returns to use your resources are you for your best they haven't been working small marijuana cases before and are not going to be working on now but in an appearance in washington today the attorney general says states that have legalised marijuana even for medical purposes are not out of the woods i am not going to tell colorado are california or someone else that the possession of marijuana is legal on the united states law several states have expressed concerns since the attorney general said he was lifting obama era discretionary restraints as most of america prepares to spring forward and lose an hour of sleep some well envy hawaii and most of arizona where there is no daylight saving time the sunshine state florida may try to save daylight yearround on can johnson and i'm susanna palmer from bloomberg world headquarters hours after european union trade chief cecilia malmstrom said she had no immediate clarity on whether the block will be let off the hook from planned us tariffs president donald trump laid down his conditions and repeated a threat if they're not met on twitter he said if they drop their horrific barriers and tariffs on us products going in we will likewise drop hours big deficit if not we tax cars etcetera and then he ended the tweet with fair trump's response came after mound strum on twitter described what she called frank but fruitless talks with us trade representative robert light.
India, France to work for Indian Ocean freedom of navigation
"Hello i'm jerry smith with the bbc news the french president a memo amac hall and india's prime minister narendra moody have hailed a new era of mutual cooperation with a formal exchange of agreements in a wide range of fields from defence and counterterrorism to other development and climate change jill mcgill ring has the details on friday missed amac home was greeted by mr floatie with a bear hug on saturday the tone was just as warm with the leaders lavishly celebrating that country's ties missed him out he wants to modernize india's infrastructure ams tackle growing energy needs france his helping with railways urban development cell am nuclear energy but perhaps the most important aspect is defence french companies are working with indian around submarines and selling fighter jets and closer cooperation and in the indian ocean could help india to counter china's growing maritime influence the european union is seeking an exemption from the controversial terrace president trump has imposed on steel and aluminium imports ahead of talks in brussels the trade commissioner cecilia malmstrom said the eu as an ally the us should be exempt from the tariffs as canada and mexico off from brussels his adam fleming the eu wants to know if it'll escape president trump's trade clampdown although there a warning that today's talks are unlikely to be definitive the eu is reserving the rights to challenge the us at the world trade organization and to apply measures of its own which it describes as rebalancing rather than retaliatory brussels also wants to deal with the issue as a block rather than the individual countries being offered their own exemptions the united nations says nearly a billion dollars is needed in humanitarian assistance to the hundreds of thousands of a hinges who fled the violence and miramar to neighboring bangladesh a senior un official in dhaka and have me us sepl told the bbc that a formal appeal will be launched next week she outlined how the money will be used to thicket requirement it done on food security followed by water sanitation and pay in calcutta fi management health protection nutrition education and no one has been a considerable effort in making sure that the creaky called me south captured and making sure that the numbers are correct she said the.
EU, Japan seek clarity from crisis US trade talks
"The what is it that we have to do i mean these are reforms that belong to us and here with me for the whole program john roberts professor of creative writing at florida state university and giles cutting a form of media adviser to the british prime minister that's all here on weekends after the world news the news sports montgomery president trump's decision to impose tariffs on imported steel and aluminium we'll be top of the agenda at trade talks between the european union japan and the united states today the eu trade commissioner cecilia malmstrom has said the european union as an ally of the us should be exempt from the tariffs rob young reports ms malmstrom has said shield demand clarity on whether european exporters will be hit by the tariffs the eu has said it is prepared to take the us to the world trade organization and may take retaliatory measures against american products sold here have been mornings at a speed could slide towards a global trade war donald trump has exempted canada and mexico from the new tariffs and his hip real friends of america could be too there have been mixed messages from the fine tung's about to propose summit between president trump and the north korean leader kim jongnam mr trump tweeted that a deal with north korea was very much in the making and if completed it would be a good one for the world but earlier his spokeswoman sarah huckabee sanders separate summit would not happen unless washington saw concrete steps are actions by pyongyang the president will not have the meeting without seeing concrete steps and concrete actions take place by north korea so the president would actually be getting something it frankly the world would be getting something if we can get to a place where north korea's denuclearizing it is a massive step and it's something that will make the entire globe much safer the us lobby group the national rifle association has launched a legal challenge to new gun controls in the state of florida just hours after the signed into law they nra says the legislation which raises the legal age to buy guns from eighteen to twenty one violates the second amendment the right to bear arms allows the arming of schools stuff but does not include a ban on semiautomatic assault rifles governor rick scott said he was confident it would help prevent incidents like the park school shooting after reviewing the.
Trump sets steel and aluminum tariffs; Mexico, Canada exempted
"Them market watch reporter julian berman on the accusations regarding helicopter parents on campus for report in about twenty minutes president trump is expected to formalize plans for new tariffs on steel and aluminum although both canada and mexico will be exempt he could sign a decree as early as today the plan would exempt our neighbours to the north and south at the outset and they would remain free of the new tariffs if they successfully concluded negotiations rewriting the north american free trade agreement european union trade commissioner cecilia malmstrom fm move his is taken it hat he opinion eight win put thousands of european jobs in jeopardy and it has to be met thai firm and proportionate wistful see proclamation is expected to be written in a way that would invite other countries to also seek concessions in return for exclusion meanwhile more than one hundred house republicans sent an urgent letter yesterday too the white house pressing for mr trump to change course in their letter they wrote quote tariffs are taxes that make us businesses less competitive and us consumers poorer the horta lawmakers have approved a bill that adds gun restrictions there action comes three weeks after.