2 Burst results for "Hong Peng"

"hong peng" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:02 min | 2 years ago

"hong peng" Discussed on Bloomberg Radio New York

"Europe where Spain is holding another election for more on the country's political landscape. Let's bring in Bloomberg daybreak Europe anchor. Neighbor, take Bob Spanish voters will go to the pose this weekend for the country's third general election in four years. Spain's economy has been a source of Chia, even as Germany, France and Italy have flounded, but the risk is an economic slowdown could happen van expected. Prime minister Pedro Sanchez is seen as a front runner. But the fragmented political landscape means a hung parliament is also a probability for more on the general election Madrid bureau chief Charles Pentti joins me to discuss great. Have you with us Charles? Thank you so much joining. So I mentioned that prime minister petro Sanchez is seen as the front runner going into the elections. Tell us more about that. Prime minister Spain he became prime minister when he he threw a whole you may remember competence Spain's surprise, prime minister. He was forced to call elections this weekend because he was. But coming out of that to weakness, he's actually very effective campaign. We see him as a clear front runner going into these elections. He will seems. Beat the biggest in in in parliament's. But but the question really is is whether he will enough to be able to form a ruling majority, and the you know, the way to do that is through building coalition. Spain has now become used to mechanism of governing coalition in the old days. We saw two very strong politics such as policy on the PB divide. But because of the effects of the crisis a decade ago. You know, the Kaplan cry fifteen what we've seen is m scape. And what we expect to see would be some results going to Hong Peng, Ponant and know, which Sanchez as the leading candidate will be reaching out to try and form coalition in Spain. What would be the implications of that of a hung parliament policy? Then. Coalition shape. If as seems likely Sanchez emerges as the biggest party. Has the short trying to form a coalition? These natural would be to reach out to the anti-establishment Pontypool on to his left politically. So that combination would have a certain consequences policy by Amos would seek to have a policy, and and that would influence Sanchez's thinking. To government. Another possible coalition with the centrist parties. So. Has ruled out that possibility. Seen as the more likely partner in postponed, right wing coalition. But that is another option. That's another pulse that could unfold based on what happens this weekend, right and talk to us about what that could mean for the economy. I mean Spain's unemployment rate some say gives campaign Fota to Sanchez's opponents. He's been doing well, we're in the sixth year of expansion engine duty Spain still coming out of his brutal financial crisis two thousand ten thousand two thousand twelve is recovering strongly. And and you know. This this year expects growth of two point two percent. It's a solid expansion. And we we see the economy going forward with plenty of momentum. People will be watching the impact the election result. Only Coney how policy may shape the economy going forward. But we don't detect them too much nervousness in the markets. For example, you know, setting Sanchez up. So now has no he's he's his socialist governments as so she's minority. Government has has has not been a coast is not a concern for for example. What should we watch full as the results come in anything that might move markets? The big surprise would be a a win for the right result. Which might lead people to think that a right wing coalition power in Spain by which I mean. This emerging national politics. You know, the main thing that unites. On independence. But I suppose have very committed to for example, cutting taxes. The market might might might applaud that that could be a result. Which would be a significant surprise full. Bureau. Chief Charles panty. Thank you so much for joining me. I'm they were take it to London. You can catch us every weekday morning here for Bloomberg daybreak Europe beginning at six AM in London and one AM on Wall Street bulb. Thank you Nate road. Let's stay overseas and head to Asia now for a look at what's coming this week for that we turn things over to daybreak Asia anchors. Doug krizner in New York and Bryan Curtis in Hong Kong. Doug. And I thought we take a look at the auto market in China has we have some key earnings coming up from great wall motor and Guangzhou auto. Now, China saw a drop in passenger vehicle sales, particularly in the second half of last year still in although auto sales were roughly twenty eight million for the entire year, and that compares with only seventeen million in the United States. Steve man, Bloomberg senior auto analyst joins us for some discussion about the health of the market. Steve thanks very much for being with us. Twenty eight million sounds like a lot. But in many ways, it was a tough year. Brian it is a very tough year. For automakers not just in China. But around the world if you look at the auto industry typically it is cyclical, but if you look at this year, it's more of a super downcycle for the industry. I think earnings for most of the automakers are going to be down below consensus. We just heard Nissan that they're going to miss the full year earnings estimates consensus estimates because of this slowdown in the auto industry. So Steve out the the question, then becomes one of capacity, and where whether or not there's just essentially too much capacity in the auto industry globally. That's a good question because the game in the auto industry is a numbers game. The more volume pump through factories the lower unit costs for each vehicle. So if you're pumping or producing less vehicles that unit cost just skyrockets in the auto industry. It's very acid pensive capital intensive so that's why a lot of these costs just rises through the roof when that production drops just tad bit. So Steve is this down to trade, more generous? Or is it more? Consumer tastes changing. What is it? I think in this part of the world. It's more of the geopolitical issues that's happening around the world in China's specifically, I think most of the consumers here have the money in their pockets to buy new vehicle is just very hesitant in in opening that purse and taking that money out to the next vehicle. Because they're still Leinster de about the economy here in China and around the world, you know, you have Brexit in in the UK. You do have a potential slowdown. No of the US economy. China's obviously, there's fear that the US trade war will actually dent the economy here in hurt earnings for for the individual consumers in terms of the type of vehicles that really are making their way to market in a major way. Are we talking about electric vehicles? Are we talking about hybrid SUV's or hybrid sedans in China right now,.

Pedro Sanchez China Spain Prime minister Bloomberg Steve man Europe United States Charles bureau chief Charles Pentti Pontypool Asia Doug krizner Germany Chia
Everything you need to know about Spain's general election on Sunday April 28

Bloomberg Daybreak Weekend

04:50 min | 2 years ago

Everything you need to know about Spain's general election on Sunday April 28

"Europe where Spain is holding another election for more on the country's political landscape. Let's bring in Bloomberg daybreak Europe anchor. Neighbor, take Bob Spanish voters will go to the pose this weekend for the country's third general election in four years. Spain's economy has been a source of Chia, even as Germany, France and Italy have flounded, but the risk is an economic slowdown could happen van expected. Prime minister Pedro Sanchez is seen as a front runner. But the fragmented political landscape means a hung parliament is also a probability for more on the general election Madrid bureau chief Charles Pentti joins me to discuss great. Have you with us Charles? Thank you so much joining. So I mentioned that prime minister petro Sanchez is seen as the front runner going into the elections. Tell us more about that. Prime minister Spain he became prime minister when he he threw a whole you may remember competence Spain's surprise, prime minister. He was forced to call elections this weekend because he was. But coming out of that to weakness, he's actually very effective campaign. We see him as a clear front runner going into these elections. He will seems. Beat the biggest in in in parliament's. But but the question really is is whether he will enough to be able to form a ruling majority, and the you know, the way to do that is through building coalition. Spain has now become used to mechanism of governing coalition in the old days. We saw two very strong politics such as policy on the PB divide. But because of the effects of the crisis a decade ago. You know, the Kaplan cry fifteen what we've seen is m scape. And what we expect to see would be some results going to Hong Peng, Ponant and know, which Sanchez as the leading candidate will be reaching out to try and form coalition in Spain. What would be the implications of that of a hung parliament policy? Then. Coalition shape. If as seems likely Sanchez emerges as the biggest party. Has the short trying to form a coalition? These natural would be to reach out to the anti-establishment Pontypool on to his left politically. So that combination would have a certain consequences policy by Amos would seek to have a policy, and and that would influence Sanchez's thinking. To government. Another possible coalition with the centrist parties. So. Has ruled out that possibility. Seen as the more likely partner in postponed, right wing coalition. But that is another option. That's another pulse that could unfold based on what happens this weekend, right and talk to us about what that could mean for the economy. I mean Spain's unemployment rate some say gives campaign Fota to Sanchez's opponents. He's been doing well, we're in the sixth year of expansion engine duty Spain still coming out of his brutal financial crisis two thousand ten thousand two thousand twelve is recovering strongly. And and you know. This this year expects growth of two point two percent. It's a solid expansion. And we we see the economy going forward with plenty of momentum. People will be watching the impact the election result. Only Coney how policy may shape the economy going forward. But we don't detect them too much nervousness in the markets. For example, you know, setting Sanchez up. So now has no he's he's his socialist governments as so she's minority. Government has has has not been a coast is not a concern for for example. What should we watch full as the results come in anything that might move markets? The big surprise would be a a win for the right result. Which might lead people to think that a right wing coalition power in Spain by which I mean. This emerging national politics. You know, the main thing that unites. On independence. But I suppose have very committed to for example, cutting taxes. The market might might might applaud that that could be a result. Which would be a significant surprise full. Bureau. Chief Charles panty. Thank you so much for

Pedro Sanchez Spain Prime Minister M Scape Europe Bureau Chief Charles Pentti Bloomberg Pontypool Charles Charles Panty Chia Germany Kaplan Amos Partner Hong Peng Ponant Italy