18 Burst results for "Dominion Bank"

"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:31 min | 2 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"There's not much of a surprise with respect to what the fed is going to do. So I have 75 or a hundred They had the opportunity several weeks ago to go the hundred basis point option, but they quickly swatted that one away. 75 basis point hike is more than priced. If I take chair Powell seriously, the fed clearly has to fight inflation. Whatever it takes to bring inflation down. Some of this is messaging. Whether they like it or not, whether markets like it or not. Jerome Powell has made that very clear. What is going to be far more interesting is what the fed, what Powell says about what the future path of rates looks like. Key focus, I think, is going to be on the signaling for the upcoming meetings, less board guidance or more uncertainty. We're not expecting big forward guidance from the fed. We are 15 minutes away from that fed decision. And here is your price section of the equity market. Good afternoon to you. The S&P 500 positive by 1.3%, the NASDAQ 100 positive by 2.6%, the bottom for the year intraday, the day after on the NASDAQ after the last fed meeting. Just think about that. The day after the last fed meeting in the bond market, the highs on twos and tens, the day before the last fed meeting. So since then, we've been talking about peak fed hawkishness. We've been fading a lot of that story and we've been buying into this equity market. It was on a ten year now, two 76 48. The higher the year very close to three 50, the higher the year on a two year three 45, we've come all the way back in just north of 3%. But we've done much more work on the ten year. So you've got that inversion led by that drop in a ten year yield. That's now negative 30 basis points. And our guest in just a moment is looking for maybe negative 40 and a whole lot more. I wanted to check in on Euro dollar. The wide pretty clear, because the last time the ECB met, they threw in the towel on forward guidance. You wrote a dollar one O one 29 and I wondered someone that means for the forward guidance from this fed today as they set us up for September. Jonathan outside baseball, but dollar yen I want to notice weaker across the morning across the arc of the day as well. Yen gave way about three hours ago. It's 8 K the cameraman has walked away from me. So I'm going to walk away from you as well. Okay, well, that happens because you don't see afternoon in the morning and we're like, you know, we're doing a fed meeting here with some terrific guests. I'm not going to go into the logarithm right now of how you do this chart, but all you need to know is the chart of the year, it is the first and second derivative of curve inversion Priya. We've seen it once, maybe twice in 30 years. Let's start with the why. Why are we seeing the rapidity of curve inversion in 2022? You know, thanks for having me. I think it's because the market is pricing in slowing of growth and the fed that's indicating that inflation is much too high and they have a single mandate right now. And so I think that front end is just going to struggle to price in a lot of cuts. There's a different threshold for the fed to stop hiking to start cutting. And so I think that even if we start pricing in the end of the hiking cycle, three 75 or 4% is as we believe. It's hard to think that the fed is going to turn on and cut right away. But the long end, that's the safest part out there, because I think growth is going to slow down those rail rates are very high. And that's where I think investors are flocking because we're seeing growth slowing down and this fed. I think is responding to realized inflation. And I think that's the issue right now. We'll keep keep in voting in our view. What does a mister curve inversion of negative 42 basis points mean to the Toronto dominion bank to the JPMorgan Michael for alles JPMorgan? What does that magnitude of inversion mean to our banks? So I'm not a bank analyst, but normally inversions are a signal of slowing economic activity in the long end. Over time, it's a function that fed policy might be too restrictive and that can slow things down. So I mean, I think it has broader economic implications, certainly negative four financials, because does it mean that the consumer starts to struggle? I think that's what it's reflecting. But the fed has no choice really, because inflation is much too high. And they've decided to be not forecast dependent. So they can't actually talk about lags, because I think they can't control large parts of inflation. And there are lags in terms of what they do today and when it impacts inflation. But they're responding to realized inflation and that's why they're going to keep going. And that code keeps inverting. And I think that means it's a dire economic outlook next year. Priya is forward guidance instead when it comes to the fed as well. I think, so I think we're so used to it. I think the fed can't help themselves either. I wish they would just acknowledge that there is no forward guidance. There's an inherent contradiction between being data dependent and giving forward guidance. So I think they should stop giving it. And just explain the reaction function. And then let the data do the work, let the market move based on data. You know, everyone's asking us, will the fed pivot today? Let the data pivot for the fed. When inflation starts to decelerate on a month of a month basis, I think the fed can slow down. They've reached neutral. So I do think they're going to start to slow down. But I don't think the end of the hiking cycle is near because those inflation readings are still much too high. I wish they wouldn't talk about September because whatever they say that there's a lot of data between now and September. And I think it's kind of pointless to give us that bike. But perhaps that's the case. But they might want to push back against some of the market expectations because it's actually ending up with an easing kind of quality on markets. And I do wonder about all the prognosticators now talking about the fed. Stopping the balance sheet roll off and actually sticking with the $9 trillion on their books as soon as next year, early next year as a way to sort of temper some of the rate hiking. Do you agree? No. So I think this is where that threshold question of the reaction function becomes important. They can stop hiking at 4%. We think close to year end, they stop the hiking cycle. And then they wait for inflation to get much closer to 2%, which we only think happens in the second half before they can respond by easing policy. When they do start to cut rates, I think they're going to stop QT. Because it's very hard to be tightening through one tool. The balance sheet and easing through the other tool. But that's not early next year. I really struggled with the market that's pricing and hikes until December and cuts from February. I mean, that assumes that inflation decelerates or the fed gives up on inflation. I think there's serious about both sides of the mandate also inflation right now. Pretty miserable and Michael Farley with us on radio and television worldwide. A most important indeed historic fed meeting 9 minutes away make it 8 minutes away here in a bit

fed Jerome Powell Powell Toronto dominion bank JPMorgan Michael alles JPMorgan ECB Jonathan baseball Priya Michael Farley
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 2 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Pressure. Brought to you by the American Heart Association American medical association and the ad council. Influential conversations from Bloomberg television. Here's Tom McKenzie. With puget comrade CNET European rate stratus at Toronto dominion bank puja good morning. Thank you for joining us. Amid the calls increasingly that there is going to be a recession stateside an unemployment rate of 3.6% and a further 372 plus thousand jobs added to the U.S. jobs market. Good morning, yet another very strong payroll number, as you said, there is no weakness that we saw. Yes, the participation rate is going slow, but it's not strong enough for fair to slow down right now. So as you mentioned in the news as well, markets are well priced for 75 basis points of hikes in the dry meeting and another 54 September. And I think that is the key message we also got from the minutes from cintra that price to Middle East till they're mandate. But again, markets are focusing on the recession part of it. We actually put 60% probability of recession in 2023. So we are still far back with respect to recession. 60% chance in 2023 of a U.S. recession. Yes. So we do think that indicators will start slowing down, but it's going to come in 2023. So which means that fed officials will start continuing their hiking cycles, continue to sound hawkish, and I think this week's CPI report is going to be a key driver for markets again. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. I think that ultimately the price of oil or the fed or maybe the strong dollar will lead us into a recession and when

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"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:57 min | 3 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Russian courtroom. The WNBA star was accused of having under a gram of cannabis oil in her luggage when she arrived in a Moscow airport back in February. Reiner plays for a Russian league during the WNBA's off season. New York is set to restrict the concealed carrying of firearms after the Supreme Court ruling last week that ended the state's law placing restrictions on carrying a concealed firearm outside of the home, governor Kathy hochul signed into law a new bill. The Supreme Court's decisions were certainly setbacks, but we view them as only temporary setbacks because I refuse, as I've said from day one, I refuse to surrender my right as governor to protect New Yorkers from gun violence or any other form of harm. The action now restricts concealed carry in places such as government buildings and schools. There is now a strict process to obtain a concealed carry permit and a list of sensitive places where firearm possession is illegal. Unvaccinated army National Guard and reserve members can't participate in drills. Brian shook reports. That's according to an announcement by the army. They must have an approved or pending exemption in order to take part in training that's federally funded. Thursday was the deadline for army service members to be vaccinated. I'm Brian shook. Steve and Tyler is out of rehab, TMZ says the Aerosmith singer was only supposed to spend 30 days in a rehabilitation facility, but actually stayed longer than that. Tyler had relapsed on pain medication following foot surgery when it was announced in May that Tyler was checking himself into rehab, the band canceled its residency at the park MGM in Las Vegas. I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Flight delays and cancellations are piling up this 4th of July weekend. The number of delays within into or out of the U.S. stands at just over 1800 today alone and of course lots of flights have been canceled too. Governor Kathy hochul signed new gun legislation, the bill hochul signed on Friday severely limits where guns can be carried and requires background checks to buy ammunition. It comes in response to a U.S. Supreme Court decision striking down New York's concealed carry law. It won't take effect until September. Alphabet's Google says it will automatically delete records of user visits to sensitive locations, including abortion clinics. We get more about that from Bloomberg's Denise Pellegrini. Susanna Google is responding to growing concerns that the data could be used to prosecute those seeking reproductive care and other personal services and Google says the location history feature on its services is turned off by default, but even if it's active, the company's policy starting in the coming weeks will be to rapidly delete records of visits to places that many people would prefer to keep private. Susanna, Bloomberg, Denise Pellegrini. Sources tell Bloomberg, Toronto dominion bank, the Canadian bank that's been expanding through acquisitions, is weighing a deal for the brokerage firm, Cowen, more from Bloomberg's Charlie pellet. Those sources say the Toronto based lender is working with advisers to study a possible transaction for cowan they say no final decision has been made and Toronto dominion could opt against pursuing a deal. Cow and shares have declined by about a third this year, valuing the New York based firm at about $667 million. Bloomberg's Charlie fell at global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Suzanne Palmer. This is Bloomberg. This is Bloomberg intelligence. The new tools that a metaverse can bring allows you to create more immersive content. To sell less oil, more electrons, research and data on 2000 companies and 130 industry. The supply chain breakdown is combining

Brian shook WNBA Kathy hochul Bloomberg Tyler Supreme Court Denise Pellegrini park MGM Julie Ryan Susanna Palmer Reiner Governor Kathy hochul bill hochul army New York army National Guard Moscow TMZ Google Toronto dominion bank
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:58 min | 3 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Or American Airlines today are having trouble, roughly a quarter of American and 29% of Delta flights have been late in taking off. However, aviation consultant Mike Boyd said the number of travelers still doesn't top pre-pandemic numbers. We got to put things in context. We're not back to 2019 levels. We are this year going to end up about 832 million in plain passengers. That compares to 980 prior to this pandemic. So we're not back there. That makes the situation look even worse. Americans are still paying high costs for gas despite prices slightly falling, triple-A says the nationwide average price is four 84 a gallon. R. Kelly is being placed on suicide watch at the Brooklyn jail where he's currently being held, the convicted sexual predator was sentenced to 30 years in prison earlier this week. Kelly's lawyer claims he was put on suicide watch as punishment. I'm Brian schuch. And I'm Charlie pellet. That Bloomberg world headquarters. The Dow, the S&P and nesta all advanced today treasury surged after an ugly first half as weak economic data added to recession fears. Marta Norton is chief investment officer at Morningstar investment services. Right now, I think the consensus is saying that inflation is peaking, whether it's peaked now or whether it's going to peak soon. It's kind of running its course. And a recession is a risk, but it's a lower risk. And if we do see a recession, it's a more moderate recession. Marta Norton of Morningstar, at wealth, chief investment officer Patrick Armstrong says earnings will determine stock performance for the second half. If we get any semblance of guidance that's almost matched, I think that could set the stage for a rally. So I think it'll be better than the first half, but it's not going to be an easy step to have. Chlorine is Patrick Armstrong, travel demand is booming and airlines are hoping to prevent the chaos of previous weekends that saw canceled flights and staff shortages, savvy Sith is an airline analyst at Raymond James. The biggest bottleneck is on the pilot side. We've had a lot of pilot retirements during the pandemic. When you didn't know if you had was going to come back. And now that demand has come back really strong, you're trying to hire and put pilots in the as quickly as possible, but it is a longer time horizon. Savvy Seth of Raymond James airline stocks higher today, UAL up 2.9% American up three and a half percent. Sources tell Bloomberg, Toronto dominion bank, the Canadian bank that's been expanding through acquisitions, is weighing a deal for the brokerage firm, cowan. S&P up 40 points today up 1.1% of the Dow up 321 up 1.1% as well, NASDAQ up 99 a .9%. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie palette. This is Bloomberg

Marta Norton Patrick Armstrong Brooklyn jail Brian schuch Charlie pellet Mike Boyd Morningstar investment service American Airlines R. Kelly Bloomberg Morningstar Kelly S Raymond James airline Raymond James Toronto dominion bank
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:21 min | 7 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Danny burger Strategist at Toronto dominion bank And what happens if we get more geopolitical tension and treasuries become the acid of choice to seek a haven in Today tricky scenario especially after markets or position for very aggressive hikes I think if you do reach that situation we would see our markets actually reducing their prices of particularly a 50 basis point cycle and actually gradually down to 25 basis points Hike But I think I doubt that central banks want to let go that situation at March just given the fact that they have an expectation and they basically have created all this sense that they are going to act aggressively So I would expect markets definitely reducing the number of fights that are being priced for 2022 which is aggressive And in terms of the support I would expect more curves to just because I think we would need to see more push back from central banks so that markets can trust them that they don't start price so that they can reduce high prices We have not seen that yet Right now markets don't trust central banks And that's why I feel ten year part of the curve 30 are part of the most support and that's why you put people further flapping of the curve Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings Earnings season continues The metaverse to Spotify to Qualcomm a meal They're sinking big time You can't do better Bloomberg breaks the numbers first Let's go is giving us downs outlook that beats estimates It's peloton Disney and Uber spies are also out with earnings And expert analysis you won't get anywhere else This is fascinating What is going wrong for meta that is going right for Twitter How much runway is left peloton really becoming a proxy for this pandemic I think there's tremendous opportunity Bloomberg television and radio the fastest numbers and analysis you trust If we impose some very heavy sanctions as I believe we're planning to do on the Russians with regards to international banking but most importantly with regards to north stream two and their ability to distribute fuel There's going to be some consequences.

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"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:11 min | 8 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Manners cranny Who'd you come up is a senior a European race strategist at Toronto dominion bank page Thank you for being with us What can we handle in the bond market If they go for a slightly more nuanced or quicker balance sheet reduction where does that do to tan your paper And what does that do to real rates Give us those two targets for you because that science is if that's the process you're leaning towards Yes definitely So as we said the front end seems pretty well priced right now so I don't think I would like to be bearish here But for talking about the ten year rates it could reach as high as 2.5 just because we are looking for balance sheet reduction And we also looking for pair to actually hike almost to a 2% level so which is basically your terminal or neutral rate of it So I think what will follow is even ten year rates So that's where we could That's what we would be targeting And that's why we like being short shared with right Now because if we do see tied think of policy wire rates as well as via balance sheet the ten year the duration of the curve will basically get it So I think in short we are talking to attribute as close to two 50% If fair does deliver on three to four hives as well as duty this year Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings Do four earnings are gonna be awesome Bloomberg is fastest with the numbers and analysis Amazon crossing the Bloomberg terminal Where are investors seeing the weaknesses it means profits down the line earnings season on Bloomberg television and radio Inflation is very high in too high We wouldn't want to see it persist at a very high level We have a 2% inflation goal So that is it is very much in my mind and my colleagues mind John Williams there the president of the Federal Reserve bank of New York with Tom Keane and Lisa Brown with some Jonathan pharaoh your equity market is down 48 on the S&P with down 1% on the NASDAQ without 1.66% That's the bad news for the equity bills the good news We are through the second Saturday before an FOMC decision which means we are in the quiet period You will have no fed speak whatsoever this week That's the good news You're up three basis points on tenth to one 81 62 on twos 1.02% You'll tie there by 6 basis points So one tens Tom were up a couple of basis points on two to up 6 This curves flatter this morning with crude higher Up to 85 on WTI just short now 84 91 and through 88 briefly on Bren Yeah there's not been a way here in the last hour and a half I look at the vix 21.57 really doesn't show a breakout to new fear of a China to be direct It's an elevated and important Tuesday And the Goldman Cole that Lisa mentioned a little bit earlier this morning Tom triple digit crude Q three this year And for everyone that said yeah right triple ditch your crude I mean we're not far off it are we No No That's straight line I haven't done the extrapolation I'm glad you mentioned that I'll do it So I can tell you the hour in the day when we're going to hit $100 a barrel Anne Marie Horton is never extrapolated in life Bloomberg Washington correspondent joins us right now I want to go Anne Marie one Billy Joel in his great song Alan town where he talked about the restlessness that was handed down The congresswoman from the 7th district of Pennsylvania Susan wild is restless to say the least She's scared stiff She barely won She's a moderate Democrat One of the Susan wilds do if they're so restless in Allentown It's a very difficult moment right now Tom for the Democratic Party given the fact that and we saw this really over the weekend a number of op eds Stein had won in The Washington Post talking about this hold the progressives have on the party and you can see that with what's going to happen this week The push forward on voting rights even though they know that they're not going to be able to get an inch within creating that to be legislation The problem with the moderates is as they lead up to the midterm elections it's every day kitchen table issues that Americans are frustrated with right now And you can see that in poll after poll the latest being the CBS YouGov poll talking about the fact that they think the Biden administration and Democrats are just not focused enough on inflation These are the kinds of issues that they want to see legislators talk about And that is really the precariousness when you have representatives like you're talking about from Pennsylvania Okay well Susan wild and show I mean I like to put this up folks because I think we forget that there are these elections that are a little bit close And you know I had to look it up I didn't have a memorized 51.9% rounded up 52% to 48% wild over shell or in the 7th congressional district Does Bernie Sanders does AOC Does the left does the president care about those people.

Toronto dominion bank Bloomberg Tom Keane Jonathan pharaoh Goldman Cole Tom triple Lisa Brown Federal Reserve bank of New Yo Anne Marie Horton John Williams FOMC Susan wild Susan wilds Tom
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:11 min | 8 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"With the world's news morning Leanne Laura good morning and thank you The scale of damage caused by a massive underwater volcanic eruption in Tonga remains unclear with both Australia New Zealand sending surveillance aircraft to assess this situation The eruption on Saturday was so powerful was heard as far away as Alaska and triggered a tsunami that flooded coastlines from Japan to the United States Information on casualties in Tonga is still uncertain Now large door events can go ahead in Scotland again after a limit on the number of attendees was lifted It means sports stadiums can welcome back spectators but at least 50% of people will have to be asked to show a COVID path to get in from today booster vaccines are also required to make a pass valid and British tennis number one Cameron nori has crashed out of the Australian open in the very first round The number 12 seed was comfortably beaten by American rising star Sebastian corda and that was in straight sets and Rafa Nadal is through to round two Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in both 120 countries and Leanne guerins This is Bloomberg And surely Leon will wait a few more in Australia but thank you so much for the update including all of the sports news too Global bond markets under pressure this morning after treasury sold off on Friday That's really the big market theme this morning U.S. ten year yields closed at the highest since before the pandemic last week that is 8 basis points one spot 7 8% on Friday Bloomberg consensus and the market now pricing in more than four fed rate hikes in 2022 Joining us now is put your camera who's seen a European rate strategist at Toronto dominion bank Put your welcome back to the program thanks for being with us Seems like markets woke up quite late day on Friday to the hawkish fed turn Yes markets are sharp for MLK day Today but global yields are very much under pressure How much higher do they go do you think Good morning Thank you so much for having me Definitely the care message could be one in 2020 We have given that we would see substantial tightening of centrist path policy across both And it's not only in fed We are basically pricing for basis points in hike by eukaryotic when they have told us they will not be hiking rates I think the global coordination will be so strong that we would see parish move to continue Engage for fed if we are true that we do get free to poorly type plus QT We do expect tenure treasures to hit the highs of 2.5 basis points by the end of 2022 Two 50 by the end of 2022 That is an interesting call on the U.S. ten year What would two 50 on the U.S. tenure by the end of 22 do for U.S. equities So that's today tricky one because what we have seen is when the treasury do hit the 2% 11 you do see financial conditions that are tightening And if that's the case it would be hard to see stocks to rally that So I think right now stocks can still have a good run just given the fact that there is a lot of liquidity impact on the less as compared to what we had expected We could see a strong in the beginning of the year But I think the more we see tightening in the second half of the year note that it won't be just fed but it will be the other Central Bank to That's where we could see stocks getting impacted And that also is the reason why we are not looking for 50 basis points hikes but from because I think they do need to keep they are aware of the fact that they don't want the financial condition to tighten too quickly Yeah This perhaps the suggestion from Bill ackman and others of a kind of shock and awe idea that you get 50 basis point rise from the fed in March Well in that case where does that leave in your view European rates And we've seen European rates following the U.S. but the ECB tried to hold off on the idea of tightening How fast a run up how fast do we get to zero for Germany yields Yes I think with ECB no matter what ECP space we have such as we said we have such a strong rate that it's hard to keep a urinary anchored if we do see fed hiking So we are looking for points to touch close to 0% by the end of this quarter And we are looking for positive to return in the U.S. space with both ending social 30 basis points by the end of the year Indeed we could see point outperforming treasuries but they can not be the baddest from treasury How are you thinking about peripheral bonds then We've seen a little bit of muted demand softer demand for Italian bonds in a more in a most recent auction Is there a concern we may get a blow out of spreads when it comes to the peripheral nations or is the ECB on hand to cap those yield still So the thing is that right now you can sort of concern regarding politics with it adding presidential elections on the retail as well as strategy addiction So yes that has been adding suspense and then class we did have a lot of issuance coming from ETB when it comes to syndication So I think that's where we did see a vigor auction But that has been markets are getting a bit nervous So you could see some widening and press But I still don't think there's a fundamental change in how these spreads just given the fact that from a credit perspective the periphery are doing really well The impact has been updated by so many of the agencies just because the economic outlook better So that's why we are not looking for a big collapse or association to have big widening moving best But yes some winding on packages have ending in March While on the idea of political uncertainty the prime minister in the UK is under pressure to resign How does that affect markets guilt Sterling the FTSE spreads right now Is it just a very short term issue Or is there a bigger concern Yes I think yes we are a lot of party lockdowns happening So I think markets right now are not reacting much to the fact that so far there doesn't seem much evidence that Boris Johnson would have to resign but clearly we are not watching very closely to get the acquired number of letters of no confidence in the prime minister that could actually lead to a vote But I think right now even the conservatives didn't get much time to figure this out And I think so far it doesn't seem that bodice is being the case But again this week is very important and especially given the fact that we do get the official inquiry reports to as well So I put you from the geopolitics of the UK or at least the domestic policies of the UK to the importance of the U.S. dollar Are we looking now at a sustained period of U.S. dollar weakness I think generally we could see a bit of choppy markets because we did see big reaction at the end of the year So I think where we are not what we are looking at is more of a dream training and some consolidation in over after the big position that would take it Okay interesting Also we expecting big bank earnings more than this week Goldman Sachs included and some of the big banks expected to hit the corporate bond market after they report their quarterly results So are you expecting a big sort of dump in terms of more short dated bonds I think what we have seen over the.

U.S. Tonga Leanne Laura Cameron nori Sebastian corda Rafa Nadal Leanne guerins Toronto dominion bank treasury ECB Australia Bill ackman tsunami Bloomberg Leon Alaska
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:02 min | 8 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Your preferred radio app Okay the latest in global news here is Bloomberg's Liang guerins Tom good morning and thank you Here in England two teenagers from Manchester are being questioned by counter terrorism police in connection with a hostage situation at a synagogue in Texas Bloomberg's UN pots has more on the events that unfolded on Saturday The rest come after 44 year old male Faisal accretive is understood to have traveled to the U.S. from Blackburn two weeks ago He was shot there after holding four people against their will for ten hours They were all released safely and uninjured Details of the ages or genders of the pair arrested in south Manchester on Sunday evening have not been revealed foreign secretary this trust and U.S. president Joe Biden have described the incident as an act of terrorism In London I'm yum pots pinned by David Europe And on the news North Korea has fired another missile as the 2022 barrage continues the country has test launched two suspected ballistic missiles today in its fourth rocket volley this CM This is turning up the heat on U.S. president Joe Biden's administration South Korea's military said North Korea has fired what appeared to be two ballistic missiles towards the waters off the east coast Now U.S. president Joe Biden is set to meet a Japanese prime minister fumio kashida virtually this week Bloomberg's Isabel Reynolds says this comes after the spread of COVID stymied efforts to organize an in person summit A White House statement said the two would discuss issues including the free and open indo Pacific as well as climate change and COVID-19 in their video meeting on Friday The two leaders have so far met only briefly on the sidelines of the cop 26 climate summit and spoken once by phone since kishida took office in October His next chance to bond with Biden may be at a summit of the quad leaders which also include India and Australia In Tokyo Isabel Reynolds Bloomberg daybreak Europe And in France parliament has approved a bill to prohibit access to restaurants cafes and other public venues to unvaccinated citizens 16 years and older The country is switching to a new pass that requires vaccination instead of also allowing for negative tests Meanwhile Austria will impose fines on those without COVID-19 vaccinations from mid March after a transition phase that does start in February Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts symbol then 120 countries amnion guerins this is Bloomberg Caroline You so much Leanne guerin's there with the world news Now your sports update his Chris cave Liverpool manager Jürgen Klopp hinted a glimmer of hope remains in their quest for the Premier League title yesterday's three nil win over Brentford moved them back up to second 11 points behind leaders Manchester City with a game in hand West Ham's hopes of a top four finish were Delta blow as they lost three two at home to leads Rafa Benitez claims he needed to win people's hearts as well as football matches following his sacking by Everton He departs after 6 and a half months in charge with the team's 6 points clear of the relegation zone The Merseyside club are now on the lookout for a new manager having won just once in the Premier League since September Okay that is a roundup of your sport coming up on a day break Europe We're going to speak with puja kumra senior European rate strategist at Toronto dominion bank What an important day to speak to puja given what we're seeing in terms of the run up in yields stateside of course closed for Martin Luther King day but they got to around 1.78 was the last print And of course the years have been running up in Australia and Japan as well Yeah absolutely just looking at that ten year in Australia 1.925 and the pressure around the dollar on this and also for the ECB how quickly will the ECB have to move We had to comment over the weekend from ECB.

Isabel Reynolds Joe Biden Liang guerins Tom Texas Bloomberg U.S. David Europe Bloomberg Manchester fumio kashida North Korea COVID indo Pacific kishida Blackburn Bloomberg Caroline Leanne guerin UN Chris cave Jürgen Klopp South Korea
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:47 min | 9 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Ad council Influential conversations from Bloomberg television Here's Anna Edwards Joining us now with the market's perspective Toronto dominion bank senior European rates strategist Who's a really good to speak to you We've been talking a little bit about what's been driving yields higher And it's interesting in the context of all the concern that all the things that could be holding us back all the things that could be worrying us around the omicron variant Maybe the market is looking through that But mark making the point to me earlier that the steeper curves that we're seeing I'm thinking here about treasuries but perhaps it applies in other places as well The steeper curves is not a sign of a huge amount of optimism It's about technicals It's about corporate issues and it's also about fear around inflation What do you put the higher yield environment down to it At the time environment is more like a seasonal driven where we see every year we started in the financial optimism and we have extreme high levels of supply coming across both that we are looking for at EDD or we are looking at corporate supply So that is definitely adding to the sleeping bias that we are seeing in curves across country And also given the fact that in December we did have Central Bank action addressing the end of the policy And I think raised our markets have started to reflect that And that's where you are seeing market reassessing new levels that people go Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bluebird mobile app or check your local cable listings Okay Markets headlines and breaking news 24 hours a day at flu burn dot com the Bluebird business app simply but quick take this is a Bloomberg business flash From Bloomberg's European headquarters in London and Caroline hepar with this Bloomberg radio business flash So the markets are squarely focused on the FOMC minutes that showed officials want to start balance sheet runoff sooner than had been expected Overnight swaps markets now betting 80% on a 25 basis point interest rate rise in the U.S. in March three hikes now seen from the fed this year What does that done It has led to a sell off particularly in tech stocks but more broadly the S&P 500 Index slumped 1.9% of the clothes the biggest drop in more than a month and NASDAQ tumbled 3.1% and now futures are very much in the red dropping 2.1% for the U.S. stocks 50 futures so Europe really playing catch up with the Wall Street story S&P 500 evenly features currently down half of 1% U.S. benchmark yields are rising steadily but surely one spot 7 three three on the ten year are by two and a half basis points right now You have a bid for the dollar up by a tenth of 1% on the Bloomberg dollar spot.

Bloomberg television Here Anna Edwards Bloomberg Caroline hepar Toronto Central Bank FOMC flu U.S. London Europe
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 9 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"All right here we are coming up in this half hour I got to push that balloon button Is it your first day It is and you have to push the blue button to get sound coming through and Tom king taught me that If anybody come here we're going to talk a little energy see what's going on with the build back better plan Plus CJ fellini managing partner at no yak capital and CEO of gateway garage partners and talk about real estate investment supply chain thin tech all the good stories for 2022 But first let's go to great care to Bloomberg news and see if he pushes his button on I'll get a bloomer business flash Well she mines clear and it turns green It's the red button that I favor because when the Red Buttons on that means I don't have to talk But the S&P is weaker right now the sell off in tech is extending It extended to Asia as a matter of fact earlier but mostly spared Europe the stocks Europe 600 index traded near a record while the gauge of Chinese names listed in Hong Kong Felder 6 year low maybe because they're cutting off flights from everywhere just about Tencent was also under pressure after pairing its tech investments with Beijing's regulatory crackdown S&P is down two 10% down 7 the Dow is up two tenths of a percent of 69 and the NASDAQ is down 9 tenths percent at a 133 to ten years down 8 30 seconds the other 1.67% West Texas intermediate crude is up 1.6% at 78 21 or barrel comics gold is up one half of 1% at 8 23 20 an ounce The valiant one 1594 the Euro dollar of £1327 a dollar 35 66 A source is telling us that Toronto dominion bank is the latest financial institution looking to tap the red hot U.S. corporate bond market as companies look to borrow before yields rise further The lender is selling bonds in as many as 5 parts A source tells us the longest portion of the offering a ten year security may yield between .95% and 1% above treasuries That's a Bloomberg business flash Bloomberg markets continues now Taylor Riggs and Wall Street All right.

CJ fellini yak capital gateway garage partners Tom king Hong Kong Felder Bloomberg news Europe Tencent S Toronto dominion bank Asia West Texas Beijing U.S.
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:00 min | 1 year ago

"dominion bank" Discussed on Bloomberg Radio New York

"Time because things have gone fairly well But if you look at the AAI I bullish summit survey It piqued your own may We kind of had all the meme stocks moving higher We had people trading on a daily basis We had optimism actually go above 50 which is kind of rare air during the past 13 years And it spent the next three or four months falling to I believe 22 in September It's starting to rise a bit again And I think people are going to get warmed up to the fact that the economy is still pushing along And that typically pulls markets with it and I don't expect this time to be any different When you talk to clients and they hear from asset manager after asset manager it's a stock picker's market What do you tell them Do you say look the index is doing pretty well It's supported by a number of different pillars or do you say yeah you should be very selective or you should just pay very big fees to somebody to invest your money on a level We attempt to pull both lovers So we attempt to add value through security selection and asset allocation So we are overweighted small caps for example And we certainly do try to tilt our portfolio towards those cyclical names that I mentioned in my opening comments Brent always fantastic to catch up with you sir Very calm and constructive on the outlook Brent surely there of Northwestern Mutual I mentioned this quote a little bit earlier on the program Allow me to do it again Year to date 88% of the S&P 500 members have experienced at least a 10% drawdown Meanwhile on a closing basis the index is only corrected by 5% That is a historical anomaly That from Morgan Stanley Tom Yeah 5% move That's been the maximum drawdown And we're almost within 1% of all time highs Yeah and that's a rotation story here but John I'm going to say it comes within the oddity of its natural disaster a global pandemic and part of it again is this overlay that did we see this 6 weeks ago This commodity lift Bart may look who's been around forever with the Toronto dominion bank of Canada running their important commodities just John He just recalibrates oil once again hired a $90 a barrel but he's very cautious on China growth and Johnny vamps it into the Beijing 2022 Winter Olympics where China's going to have to get their air pollution act together to have a good Olympics I've had the same thing So you know medals could come off the bid because it's a very sophisticated note from TD security Well at least right now metals have not come off the bed No and actually this goes into the oil story in the sense that it's getting more expensive to produce oil certainly in the shale patch When you talk about the fact that John you were saying OPEC can just bring more supply online But can they as quickly as they're saying because they've been raising production and not being able to meet it because there hasn't been investment in places like Nigeria et cetera that really are not able to meet the target So this really raises a question about how much supply can meet the demand on a sort of incremental marginal basis This always comes down to two places Saudi and Russia Those two places alone It's up to them Well it can do something big time when it comes to energy Yeah the question is then do they want to given the fact that they have a lot of political reasons perhaps not to And this administration and the policy's Tom they're caught up in the middle of it And I'm not advocating for a particular view here just stating a fact They're right in the middle of this with some of their own views This is the province of that more frankly his next note's going to be important on this of the lift up and then maybe the market recalibrates and when you come back down as one fond of hope $19 I mean can we just wrap that one up You buy a $19 cloth to clean the screen You're so happy I've come on I'm buying How much is the Mac The MacBook loaded about you're up to 4500 So next to 19 why not Is that the view It's the margin on a $19 club I know Tom Kane lacedaemon Futures are behalf of 1% The beast is a nightmare for parents Fanboy Yeah This is Bloomberg.

Tom Yeah Toronto dominion bank of Canad Johnny vamps John Brent Morgan Stanley China Winter Olympics Bart Beijing OPEC Olympics Nigeria Saudi
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:15 min | 1 year ago

"dominion bank" Discussed on Bloomberg Radio New York

"Stake for $2.2 billion That's in cash from Saudi Prince. I've only been to last kingdom holding Just got ADM. Across the Emirates. I'm used to get mad at Dean into by Welcome to this Thursday show as we count down to some important monetary policy decisions specifically from the baby, But first, let's start off with what's happening with us Treasuries because we had an important 10 year auction overnight. HGTV go for our clients currently yields 1.33. This is your charge with your 50. 102 100 day moving average going into this traders are on edge. There's an angst around some of the risks as the US approaches the debt cap breach. Bank of America, saying that risk assets said not to care about the stresses around the debt limit, and I'll tell around two weeks before default date. I want to get to the cross Asset matrix for you A quick check on how we're training this minute on US equity futures after a dip in US shares overnight, currently called little bit lower again about 3/10 of 1%. Bank of America, highlighting that you know what? Look, we're forgetting about the equity rally here. That's powered the S and P five under well past Wall Street's year and forecaster dumping their diaries and P 500 call after some of the big jumps that we've seen, the Bloomberg dollar index gets a lift. Just barely above the flatline here. This is still a one week high, potentially a 50% retracement level. The late summer move that we've seen is what throughout the Dominion Bank saying and then Brent crude at $72.76 a barrel. Look out for those protests in Libya. That's something I'm watching potentially 800,000 barrels a day that could be at stake. Let's run you through some of the other market action in Asia specifically with Juliet, Sally. She joins us from Singapore jewels. Will you sit on the back of that oil movie? I think energy stocks looking pretty good. But the rest of the markets here in Asia falling for a second decision, and in fact, the regional benchmark index having its biggest fall in around three weeks, watching this big seller to coming through in the hang saying, Take index As you see the likes of Nitties intense and full after Chinese authorities summoned the gaming companies once again concerns about more restrictions in this space is saying that they should de emphasize Profits here, and that has prompted a slide in a lot of the tape players. The Cosby also under pressure as you see the likes of Cacau and Samsung falling. We're seeing the minors under pressure in Australia, too. Although city does say that they have upgraded Fortescue to ABI, they say the selloff they've seen in that stock is overdone. And once again we're watching China immigrant it shares have fallen to the lowest since July, 2015. Have punched as much as 11% in the morning session in Hong Kong, the ongoing concerns about the liabilities for Evergrande, But we heard from Jeffrey, speaking on Bloomberg Markets Asia earlier and they said there are actually more positives around this company. The negatives lately, but certainly a lot of concerns about the overall debt liability of 353 $105 billion In assets there, Yusuf. It's just astounding remarks. It's going to weigh on a lot of the conversations throughout the day. The story Thank you for the moment Jewels Juliet salary there. Let's also run you through the first world headlines from around the world for that we get out to someone Fox Mandala. Hey, Simone..

Simone Bank of America Jeffrey Asia $2.2 billion July, 2015 Hong Kong 50% Samsung Juliet Yusuf Libya Sally Australia 10 year Singapore 353 $105 billion Fox Mandala 1.33 one week
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 1 year ago

"dominion bank" Discussed on Bloomberg Radio New York

"Bloomberg Quick Take. This is a Bloomberg business Flash. President elects advisers originally told allies in Congress about the cost of a new stimulus package as stocks are up on news of further stimulus, the energy and industrial sectors lead the benchmark higher Dollar is holding a gain as US initial jobless claims last week rose to 965,000 compared with the estimate of about 800,000 Let's look and see where we are in the markets. Right now, the S and P is up 3/10 of a percent of 12. The Dow's up a half a percent of 148. The NASDAQ's Up a half a percent up 70 10 Years down 5 30 seconds with a yield of 1.1% West Texas intermediate codes. Little change that 50 to 93 of Barrel comics. Gold's down 7/10 of a percent. At 18 41 90 announced the dollar yen 104 11 the euro dollar 21 13, the British found a dollar 36 52 Wells Fargo's agreed to sell its Canadian direct equipment finance business now as CEO Charlie Sharp revamps the little Leaguers lender. That would be Charlie Sharp. Toronto Dominion Bank will purchase the unit, which has about $1.2 billion in assets right now, Wells Fargo's up 2.2%. That's a Bloomberg business Flash. I'm great, Jerry. You're listening to Bloomberg markets with Bonnie Quinn and polls Weenie on Bloomberg Radio. Another tough day for the jobs market. US. Jobless claims jumped by the most since March approaching one million, so it's a good time to hear from President elect Biden this evening as he.

Bloomberg Wells Fargo Charlie Sharp Bloomberg Radio President US Toronto Dominion Bank Biden Congress West Texas Jerry CEO Bonnie Quinn Weenie
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:41 min | 2 years ago

"dominion bank" Discussed on Bloomberg Radio New York

"Can you translate that? If it's globalism versus nationalism on it speaks to a certain portion of the the president's face, but they're speaking in very broad. Terms of this is you know someone who a certain faction of the Republican Party would say is a nationalist versus globalism. Well, I mean, a good and hearkens back to what? Steve Bannon. I guess this was talking about months ago, the National Union Party as well. How would you presume the Democrats will respond? To those tones. Those illusions that were heard last night. You know, I put that question yesterday to Congresswoman Sheila Jackson Lee. She is a Democrat Room represents congressional District in Houston on when she's and she's a member, and she's actually the chairwoman of the subcommittee on cyber intelligence on the and the deputy whip of the Democratic Caucus. On what she said was that it's this issue of Western alliances. Restoring Western alliances versus a go it alone approach. She consistently said that Biden administration would favor favor You are by our multilateral multilateral conversations, not just on the economy and on foreign policy versus a unilateral approach from president. I mean, since you say that, Kevin I've heard this from a number of people is the great foreign policy distinction. Is a multilateral or bilateralism versus what we've seen from President Trump. Will Secretary Pompeo underscore that today in his speech. I think what he's actually going to make the case on is on Israel, the president's support for Israel and on taking a tougher stance against the Communist Party in China, But I also think he's there is there. They pushed back on the notion that they haven't been able to get allies onboard in areas of agreement, if you like, for example, on a clean building a five G network That moves away from China internationally, David point that they've been able to have success on that front. He's the bodyguard of Bloomberg Surveillance. Kevin's really with us our chief Washington Coast, But Kevin Good, Good luck at night. Two of the Republican National Convention, ELISA, I find absolutely fascinating. How far we have come from any memories. I was talking to David West, in about 2000 for Peter Jennings, last convention at ABC. And all the emotion there, really the Kennedys almost retiring with Ted Kennedy. It's amazing where we've come. And in eight years, 12 years, you know, 16 years. This is a unique moment on many levels not only because of the Corona virus but definitely in a shift in the American spirit in certain ways, but also the resilience. I will say the backdrop to me. What Kevin was talking about with foreign policy is very interesting. Mike Pompeo going to be speaking later at the same time that we're getting news. The U. S. And China seemed to be more on the same page with a trade agreement than previously expected. You seem skeptical. At the same time, it seems to be a dampening of some of the tensions that were ratcheting up a couple weeks ago Fairy and I will say is we set of the opening of the hour and the simulcast. We've certainly seen it in the markets. The huge distinction today, folks. Is a bond market with stock market in correlated Link Equity futures up 12 right now down Futures up 1, 77 and yields or higher 30 Year bond out for basis points. 10 Year Yield of three bases points as well. David Western Tonight the RNC convention. 10 PM Coming up. Mark McCormick will join US or Toronto Dominion Bank. We're thrilled to have him on on foreign exchange. Part of that is a weaker Turkish lira today, maybe.

Kevin Good President Trump president Republican Party Kennedys Sheila Jackson Lee Ted Kennedy Secretary Pompeo Mike Pompeo Steve Bannon China National Union Party Mark McCormick U. S. And China David Western Kevin Democratic Caucus RNC Israel
"dominion bank" Discussed on KDWN 720AM

KDWN 720AM

05:17 min | 2 years ago

"dominion bank" Discussed on KDWN 720AM

"Applying every reality show on TV. And to this day I've done over 25 reality shows. A leader has done everything except Survivor and a couple amazing race. And I've done everything because I realized I look ridiculous with the messed up here in the glasses. That was my branding. If you see me at home, I'm ripped jeans with a John Deere hat fixing my old cars. That's what I just really who I am. Mom, But I realized need to create a persona like Phyllis Diller. Like Joan Rivers, like care How you have a unique stand. Yeah. I want to start looking at that and started branding myself to look like a celebrity. Even though I was just trying to learn how to become one if I was ever going to kill you. Do you know who would become one? Obviously you made it on an act in this town. This town gets into your bloodstream once it gets into your bloodstream. I don't believe the drug it is. It is now being the entertainment capital of the world is going through the worst time, of course. Because of the pandemic to co 19 and entertainers or sort of bottom of the totem pole. Unfortunately, where do you see this going? How do you? How are you dealing with this azul performer as an artist? And where do you see what your your outlook on the future or well, You know you love this town since 2002 even here even longer, you know? You have a success. I played planet Hollywood to Tropicana. I've been on more reality shows and I need to be on. You know what a G 22 million people overnight cell you can't buy that You can't buy that. And so you have all success. You're going to 2020 right? And I'm now Tropicana and literally When this thing happened, I had two shows in Las Vegas Strip, which is unheard of. It's hard enough to have one on my girlfriend. Who's Danny. She's the host of crazy girl. PH. I have my short Tropicana. And now I just got hired by need a man to be the guest comedian comedian now believe or not, after all those years, trying to be funny in fantasy, which that show's been on sensitive. One year's been here 20 so great talent before the whole world fell, Which is what? Molly Brown March 15th. Lisa felt for me. Then, um, Ice was sitting having a glass of wine, my my girlfriend on the back part of her house, and I said, This is unbelievable. This never happen again. Your host of crazy girls. One longs for English shows in America at P. H. I have my own show Trump. Can I'm guest starring in a show across the street on the most famous figure in the world, like this is unbelievable. I came here with tricks that I barely could do in a U Haul. My little red truck. I sell that damn Red truck and Andi. I said, this is never happening. It will be 81 day with kids and grandkids Legal. What do you do Not believe this. But one day we were actually both worked on this trip. We met for coffee before the show and had drinks after our shows. Heard of because even get a show in the strip. It is almost don't care even if you got to buy your way out because you couldn't do that. If you have enough money, so now you wake up 2000 March 16th 2020. And all of a sudden you get the call. And every show that you know that you've been no worry. Two weeks off. That's what we all thought. That's right. Two week, 14 days. You know what I could do? Two weeks off for 10 to 10 years, right? And all of a sudden now we're at what? Four months right for my nose. Well, for me, it's for months. Today's march. Whatever data 15 3rd and is what? July July 14 so little more will be four months today. I've worked. I mean, have worked on a live stage doing what we do exactly. So how do I take this? How do I feel about this? I am. I am probably the person that you don't want to hang out with. Because I feel you probably do because you're the same vein as I am, but a lot of people my friends businesses. You sure you've seen they're pretty upset. Pretty depressed. Not sure of any fragile Yeah. Now, look, I chose to be a magician right as a career, Right? That's right down by clown and juggler. That's right. Look, three professions I wanted Do growing up was a firefighter, a marine biology in a chiropractor. I could on any of those three things. I'm smart. Enough for that anything more net. I can't do it. I'm not that smart. But those are jobs that pay me 8,220,000 year and I could live my life. Very fine, right? I chose magic, right? I was doing 50 of her birthday parties, right? So Now the pandemic hit on a magician. I'm used to surviving. I'm used to pan handling. I usedto begging for a job working tours with wins. The next years, I'm used to try and be creative member. We're talking about going putting with fliers and the paper's paid for. Are your putting posters up? I've done that. I've you know, so I cut my own grass. Still, I changed my own oil, You know? So I'm used to, you know? Yes, I do. Like the limo's in the penthouse suite, But I tour I don't know, But I'm also the type that I could change my entire night. I will. So we're back to change my entire again. You know, we're back to going. How do we make this work? Well, I'm very fortunate last five years I've a YouTube channel and I have a tic tac. Which is this? You know thing kids air on. I should. I shouldn't be on it, but I'm on it. And you know, we just had half a 1,000,000 followers YouTube. I just $0.7 million. You know, on Facebook? I have 700,000 followers I've been working on for the last 3 to 5 years. Well, we talked him off the radio about this, but I assume kid my father took me for corns in Vancouver is Trotter Dominion Bank of Scotiabank of Roll, banking, banking, commerce. Four banks. I asked us 12 years old, I said. $100 for a Christmas present. You know, Grand parents give you money right away. Don't bank on already. There was he had a bank account for mercy when I open my own bank. Thank you Wanna go with four banks? Why's that four banks in every corner of the bank that holds your money. They give you 10%..

Tropicana YouTube Phyllis Diller Joan Rivers John Deere Molly Brown Facebook Trotter Dominion Bank Las Vegas Danny America Lisa Hollywood Ice Vancouver Trump
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:18 min | 2 years ago

"dominion bank" Discussed on Bloomberg Radio New York

"Holiday but it's not just limited to Chinese equities that we'll save however the topics down by eight tenths of one percent Nikkei two to five jobs one percent another as safe havens what the yen gain in the risk of environment so a quarter of one percent full of the Japanese yen trading at one OO nine spot five five the big dollars post indexing things a tenth of one percent the pound loses steam down a tenth of one percent once bought three one two two the old market so the concerned there's about how much this virus hits the growth over China of course the saws virus did have an impact on China's overall growth to the tune of some to percent WTI crude jobs one point nine percent this out fifty five dollars sixty five point three to sixty two eighteen and just in the fixed income markets of course ahead of the ECB meeting today US bench what you've tried it once was seven four percent sit down by two basis points of the moment right will Bloomberg daybreak seven customer terminals when you when you need to start your day let's get a check of the top headlines with daybreak editor Brian found alive from Tel case of prime hello to you now I will start with what speed was saying there about Wuhan it's effectively sealed off now I'm just give us the details of what's going on in terms of of the quarantine I think we possibly don't have Brian yeah maybe I'm let's try to get a line up to a broad all day break editor who is alive from Tokyo but its hands all of the newsletter this morning so obviously the main story in the markets being around hand and the the virus but to say the other things that we're watching out for is the easy pace is a picture of Christine Lagarde and the head of the C. B. that we're expecting her to kick off this strategic review later today officials potentially planning a two part approach basically the breaks out inflation targeting that's according to people familiar with the matter and so basically trying to bring in a new frame was given in a very low inflation figures that we've had within Europe and also increasing the god saying to officials please don't mention to much about the city you if you before is officially announce what we cannot go back to brown found on the line from tech is a brown good morning to you let's just update is if you would on the latest about will have in this city of eleven million people being effectively sealed off yeah for with a very diverse dramatic development planes and trains that would normally be leaving the city of all been stomped within the city subways and fairies and buses have all been stopped as well on an average day some thirty thousand people flying out of blue on according to air traffic control that data so that's a lot of people who are not going to be in the air the WHL has also said that it's delaying until today decision on whether to declare a public health emergency of international concern meantime we have hundreds of millions of Chinese expected to start traveling both domestically and overseas starting tomorrow pretties weeklong holidays so there is a lot of concern about what may happen in the next few days and I think that's why we saw the stock market selling off today get out while while you while they can I guess yeah absolutely having said that there is some hope when it comes out sheets of battling the pharmacy even though the death toll is is has gone off exactly so the national institutes of health NIH says that a potential vaccine could move into early stage human testing in the next three months it helps that the disease is in the same group as sars and Murray so developers have a little bit of a of a head start and how to attack it we also have a report from a medical journal saying that the illness may have jumped to humans from snakes initially and baths may also be playing a role these these both of these things are are eaten in some parts of China like Wuhan so that may have been one of the sources of the problem I'm fairly bright I'm something completely different we've been talking a bit about that Boris Johnson getting breaks it through now through parliament and of course you have the bank of England's decision at the end the end of the week of the month I should say talking about what's going to happen in terms of right somewhere sterling goes of course very bored an amazing shots of the tail mule page really suggesting that sterling may be in for a bit of a lift because I think it's strong to dominion bank strategist saying possibly a seven percent rally to one dollar forty what's going on absolutely filled boomer did a survey of managers and on average the strategist now expect the the pound to gain three percent this year not withstanding the be east of its tail the forecast factors in the likelihood of at least one cut and as you mentioned Toronto dominion bank actually proceeds to cuts in the first half even so it expects the the effects of brick of brexit to actually turn positive and and be a a a for this for the pound going forward and he expects a seven percent rally to one dollar and forty cents by the end of the year okay that's one that will wash of course currently where it's a dollar thirty one this morning so thank you so much too broad found a day back and it's a joining us live from Tokyo for the news you need to start your day by customers can access that day great music by typing in D. A. Y. B. on the Bloomberg terminal right let's get let's on global news has been buzzing and good morning was it good morning as impeachment trial of president trump continues his defense team is confident of a quick so one of his Lewis says there is no question that trump will continue in office but how was the impeachment saga hitting trumps image abroad speaking to bring Beck's secretary of state Mike Pompeii says it barely even comes up as a come up it almost never comes up in the meetings with my counterparts there's too many important things going on in the world America is to close a partner today I'm with countries in the carribean reaching here in Kingston they care about so much that we do they're such good friends and allies they they see the noise in Washington but it is not something they would think in the time that we have between us that they would raise no two year of Italian prime minister Decepticon Tay's.

Merger Monday, Bloomberg's Bid, Holiday Movie Recs

Squawk Pod

06:45 min | 3 years ago

Merger Monday, Bloomberg's Bid, Holiday Movie Recs

"Good morning everybody. Welcome to Squawk box here on. CNBC we are live from the Nasdaq market site. In Times Square becky quick along with Joe Kernan and Andrew. Ross sorkin first step on this morning's pod a couple of updates on stories we've had our eyes on or IRS's on if you get your squawk through ear buds instead of on a screen. Remember in October when French luxury conglomerate. LVMH made a bid for New York's iconic jeweler tiffany. Well they up the bed the very shiny prize a big deal. This morning of the world's largest luxury goods company has now confirmed his reached a deal to buy tiffany. This has been quite at some time in the making the price tag this time. One hundred thirty five dollars per share in cash sixteen point two billion dollars total the largest ever in the luxury sector the boards both companies approving that deal yesterday afternoon and the transaction expected to close in the middle of next year will mark the end of Tiffany's one hundred eighty two year history as a standalone brand and a little blue box isn't changing but it does reflect the changes to remain independent amid increasing consolidation across retail and adding tiffany's Eddie Murphy to the portfolio will strengthen. LVMH's position forcing watches jewelry. The group acquired Gary and back in two thousand eleven eleven like Lvmh t LVMH T- LVMH. What if I would pay? How much would that cost the figure out to add a t not to do you think they should? I think they should add T. You think it's that important. Is that valuable important as those ugly back and look but what is amazing is that they did get him up. I mean this one hundred thirty five dollar price tag came up from one hundred twenty dollars recall when when this when when they first went after him and the question I think we threw out. There was whether they'd get one hundred thirty five bucks one hundred at forty. They didn't push back if you go back. And Look at tiffany stock even two or three years ago where it was relative to where it is today so I I mean the interesting stuff therefore therefore baby gifts like a little spoon. Yes in general. I don't know it's like super retail. I think Chinese people love in China. It's big and Chinese on these sorts of come here it's really be in the United States. Just me personally. I you know when you go to forty seventh street. I'm sure not. I mean I would rather go down there. forty-two the haggle. Well just don't pay absolute top dollar for for stuff that everybody else has and another deal. We've been following following Charles Schwab effort to buy. Td Ameritrade as of this morning. That's done to Charles. Schwab Corporation is going to be acquiring. Td Ameritrade this is a story. We we first reported last week. Td Ameritrade is now naming Stephen Boyle as the interim president president and CEO suspending their CEO. Search because obviously this will be taken care of with with this deal. Charles Schwab is offering issue is going to be issuing one point eight three seven shares for every td ameritrade share. That's out there We'll continue to keep an eye on says Charles Schwab saying that. Toronto Dominion Bank's going to be holding about thirteen percent of a stake in the combined company. You could see right now. Charles Schwab shares which ran up last week on. This news are right now down by about twenty two cents to forty seven ninety eight so maintaining basically the gains that they had seen last week on this when it was first announced. Td Ameritrade shares at this point indicated by about two point three percent. That's a gain of a dollar thirteen to forty nine twenty six again after they saw gains last week as well. Charles Schwab saying that they see this deal being fifteen to twenty percent of creative give to the adjusted earnings per share in the third year in the third year of this deal Schwab right. It's going to be called Schwab. This sounds sounds like a fun thing though analysts have looked at this and said because they both have very strong trading platforms. That you won't see as much of the accretion in terms at the probably both the Charles Schwab and td Ameritrade plan trading trading platforms operating. Because they don't overlap. There's some things the. TD AMERITRADE has like options for insurance little bit stronger. Charles Schwab has a lot of things like People who will talk to you and guide you through these things because of that the probably see some analysts analysts speculating around forty percent in terms of the accretion that they can kind of combine and put these together with those both platforms need to advertise separately swap box. Random House expected to be where you will see some of the. Oh no no no I got a double double down on both platforms. They say anything. But I close with this point break- fees and I don't know I. I have not seen that to me though the two issues. That will be interesting a break-up fee whether you interesting because you think out trust issue not so much on the consumer side but potentially For for all of the investment advisers out there really I mean I think collectively collectively they have like sixty seventy percent. Would you say this is that works serious antics three so they are two things there. There may be a look. Get that and so you you care about that issue. The other issue would be about deposits that that used to stay at. Td Bank so td Ameritrade used to run all their deposits. It's into Toronto. Dominion Inter Dominion. That was actually a huge fee generator for TV bank. And so once. If you take those out I assume Schwab is going to keep those Deposits in their own bank effectively. What that does to? TD LONG-TERM SO. These are some of the questions that I think at least in baking world. They're they're probably so but I don't know I'm GONNA. We'll look great deal. That's good news for holiday. Travelers gas prices down this quarter of the lumber survey the national average falling four cents cents to two dollars and sixty six cents per gallon drop is likely due to an increase in supply now that several refinery repair projects have been completed. Also a word of warning warning triple as saying Wednesday is the worst day of this holiday week to travel with trips taking as much as four times long four times two hundred percent longer due to congestion I in some weather issues. That could be a little more difficult Wednesday out of on the East Coast here starting in Colorado and coming across do you. ooh The minivan. Yes sir. What about it? Is there a a hybrid model that you can buy make hybrid models. That'll make a cool or no. Let's give it up for just wondering why you haven't truck Tesla. Yeah that's what I was saying. Why why aren't you? Just springing brings for something electric because you need a minivan supplements. There's no electric minivans or there's no My mic one. Now they're not cheap anymore. Ah Minivans by themselves this is unlike so like so many of you. That don't walk the walk when you talk about other stuff. The vacuum cleaner in the minivan is more important than

Charles Schwab Td Ameritrade Lvmh Lvmh T- Lvmh Schwab Corporation Tiffany Td Bank Cnbc Toronto Times Square Ross Sorkin Dominion Bank Joe Kernan IRS China United States New York Inter Dominion
"dominion bank" Discussed on The Dave Gram Show on WDEV

The Dave Gram Show on WDEV

04:24 min | 3 years ago

"dominion bank" Discussed on The Dave Gram Show on WDEV

"I can't quite remember what the but we called the new nor new nafta new nafta okay. That's the easy way i think i i thought there was another title that involved <hes> parts of the names of the countries involved or or something but <hes> <hes> but i could be wrong about that <hes> anyway <hes> so china is <hes> china. Maybe blinking here. I on the the other hand and they were i. I i heard some rhetoric just on the c._b._s. News reporting in the last hour or so indicating that china's still using fairly tough rhetoric and and talking about the united states <hes> you know may end up eating his words in that kind of thing so i don't know i mean i mean like i said who knows tomorrow tomorrow morning but china says that but i don't think they would come out and even make the initial statement. They weren't having some trouble but you know how president trump is. He's he's relentless. He'll probably come back at them. That that is true. Here is mutual co take our i think if that's an kotecha an economist at toronto dominion bank saying the bloomberg news the gloves are coming on both sides and as such you one in <hes> depreciation is an obvious cushion against u._s. tariffs and and and and that's that is an interesting strategy that china's really putting its currency holiday table oh yeah and the yuan slipped to the dollar and <hes> and then of course treasury department designated china as a currency manipulator which is a big formal step you know and then they'll work with the international monetary fund to go after unfair <hes> advantages including probably filing in the the world trade organization this is this is a big deal. I mean i've never seen it like this. Never gotten to this point because normally china just ignores and i and move we move on yeah. They kind of do what they want and but maybe there's maybe there's some cracking in the armor here. Hey meanwhile also on the economic front we have this g seven summit going on in france and a surprise visitor. Yes java the wreath. The foreign foreign minister of iran showed up at the invitation. We believe that the president of france and president trump had no comment now think about that for a second no comment comment so i think that basically indicates first of all the reef was invited because all of europe is for the iran nuclear deal and that's their way of showing showing that therefore the iran nuclear deal. They're not gonna pay attention to us. I mean a little bit of almost like a little bit of <hes>. It's kind of in your face. Isn't it the president trump from propel from the europeans yes. It's more in a honestly this more in the face of john bolton. I think john bolton the national security adviser. Its way up way more upset than than president trump. I really do on this because bolton hates iran in wants to nuke them but <hes> it's in your face but you macron must've said something privately to trump because when's the last time you saw president trump say no comment that was an and in fact i think he's i think he's been out with comment in the last couple of hours of about indicating that he doesn't believe there's any disrespect disrespected coming from a macro on right so i think that i think they had a chat and i think possibly this is hypothetical. Pure conjecture from me. Possibly trumpet macron have talked about that see if there's a way france can kind of bring the two countries together whether iran and america you know on a on a nuke deal and again <hes> president trump has tended to be his entire personal life against foreign intervention and he campaigned that way is president and then this conflict came up but i do think that his national security adviser manipulated this entire the thing from day one and and convinced the president trump that if he went toughest possible against the iranians all the way after their jugular they would reciprocate like kim jong hoon did and and they won't <hes> iran's no picnic government believe me but i'm just saying it was the wrong approach and i think now president trump realizes is maybe that was the.

president trump china iran france john bolton europe kim jong hoon toronto dominion bank united states treasury international monetary america bloomberg