24 Burst results for "Juliet Sally"
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Markets every 15 minutes during the trading day on Bloomberg. S&P futures are down three points, staff futures down 59, NASDAQ futures are lower by 25 points. The ten year treasury is down four 30 seconds, the yield 3.62% yield on the two year, 4.33% Nymex screws down two tenths percent at $80 40 cents a barrel, Amy? Nathan, we begin with market moving remarks from J pal, the fed chair is signaling the Central Bank will back off its aggressive pace of interest rate hikes as soon as this month. The time for moderating the pace of rate increases may come as soon as the December meeting, given our progress in tightening policy, the timing of that moderation is far less significant than the questions of how much further we will need to raise rates to control inflation. Powell's remarks solidified bets the fed will downshift to a 50 basis point rate hike on December 14th after delivering four straight 75 basis point moves. While the equity market surged on Powell's comments, Amy, the S&P 500 rallied more than 3% to close at a two month high, the NASDAQ 100 jumped 4.4%, and with the Dow's 737 point advance that index is now up 20% from its September low, meeting the definition now of a bull market. So badra head of U.S. rates strategy with association. I think if you have a picture where inflation is starting to moderate, then they might be willing to kind of be patient. Keep rates steady for the remainder of next year. And then start to orchestrate a soft landing. Suck Jen sabara japa expects rates to remain elevated not only next year, but also into 2024. And Nathan, we saw the Wall Street rally spill into markets overseas, stocks in Europe are up about half a percent, equities in Asia, advanced overnight, extending gains after their best monthly rally in 24 years. Let's get the recap from Bloomberg's Juliet Sally in Singapore. Good morning, Juliet. Good morning, Nathan and Amy after capping a 15% gain in November the MSCI Asia Pacific index jumped as much as two and a half percent Thursday to an August high and is inching closer towards a bull market. Gauges in China Hong Kong and Taiwan led gains after a top Chinese official said efforts to combat the virus at entering a new phase with the omicron variant weakening and vaccination rates rising. Meanwhile, Beijing E some restrictions lifting the yuan and the yen traded at a three month high. In Singapore, Juliet Sally, Bloomberg daybreak. Juliet, thanks, COVID policies remain front and center in China. We're seeing more signs Beijing may be willing to soften its stance on virus restrictions. Bloomberg executive editor Paul Dobson has more from our Singapore bureau. Today, we learned that in Beijing, some people may be allowed to quarantine at home instead of going to quarantine camps, which is obviously good news because people would much rather be in the comfort of their own homes, given the choice a lot of the time and it might give them a little bit more confidence to go out and about when COVID isn't around. Incrementally, there's good news but directionally that's very good news because the market is waiting for China to take these decisive steps. The vaccinations that are needed for the elderly. The increase in hospital beds to be able to start that process of opening up which the rest of the world is already way ahead of. Bloomberg's Paul Dobson says it's been three years since the world's first documented coronavirus patient emerged in China. Back here in the U.S. we are hearing public comments from Sam bankman freed for the first time, the disgraced founder and CEO of the bankrupt FTX crypto empire is denying fraud while admitting to grievous errors in management. Whatever happened however it happened, I had a duty at a duty to all of our stakeholders to our customers, our creditors, how did you reach our employees who are investors? And to the regulators of the world, to do right by them, to make sure the right things happened at the company. And clearly I didn't do a good job of that. I was shocked by what happened this month. Sam bankman fried made the comments by video link at The New York Times DealBook summit. There are still unanswered questions about how FTX ended up with an $8 billion hole in its balance sheet and whether it mishandled customer funds. In the meantime, Amy is standoff between two of the most powerful tech leaders in the world appears to be easing. Let's get the details live with Bloomberg Steve rappaport. Good morning, Steve. Good morning, Nathan and Amy. Elon Musk is burying the hatchet with apple's CEO Tim Cook, saying the tiff between the tech giants was a misunderstanding that has been resolved. The Twitter boss claimed without explanation that Apple threatened to block the platform from its App Store, but yesterday Musk confirmed he spoke with cook and says cook assured him Apple never even considered doing so. A number of businesses paused advertising on Twitter because of concerns about Musk's approach to moderating content, live in New York, I'm Steve rappaport, Bloomberg daybreak. All right, thank you, Steve. And let's get the latest now on efforts to avert a crippling freight rail strike. The house has passed legislation to block the strike, sending it to the Senate, which could take action as soon as this week. The house also passed a related bill that would add 7 days of paid sick leave to the rail contract. Bloomberg's Joe Matthew spoke about that with art Wheaton, director of labor studies at Cornell University's school of industrial and labor relations. I agree that the workers deserve the 7 days off, but they need to get enough votes in the Senate for to pass otherwise we have a strike. I would guess they're not going to add the 7 days in the Senate. Art Wheaton is director of labor studies at Cornell University and was a guest on sound on, heard weekdays at 5 p.m. Wall Street
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Check the markets every 15 minutes during the trading day on Bloomberg S&P futures are down 34 points, Dow futures down 205 NASDAQ futures are lower by a 112 points. The Dax in Germany, down 9 tenths percent, ten year treasury is up one 32nd, the yield 3.67%, Amy? Nathan, we begin with unrest in China protests are spreading after COVID rules were blamed for hampering rescue efforts when a fire broke out in an apartment block, killing ten people, we get more from Bloomberg news managing editor Emma O'Brien. You saw wolf started as vigils and pushed back against this horrific fire in a ranchi in northwest China in an apartment block that people believe was locked down due to COVID controls. Peaceful vigils sort of morphing into wider protests against people not wanting to be taken away and took quarantine cats. People pushing back against PCR testing, tussling with COVID workers and in some cases pushing down testing boots in various cities. This is spreading across different stratos of society and does show no signs of abating. Bloomberg's Emma O'Brien says these protests mark the most significant challenges to Communist Party rule since the Tiananmen Square crisis more than 30 years ago. In the unrest in China's rippling through global markets, Amy stocks in Shenzhen and Hong Kong fell more than 1% overnight. We get the recap from Bloomberg's Juliet Sally in Singapore, good morning Juliet. Good morning, Nathan and Amy, Chinese shares listed in Hong Kong led the declines in the region while those on the mainland also came under pressure. The onshore on dropped as much as 1% against the greenback before trimming some of those losses, brought us stocks in Taiwan were hurt by the ruling party's resounding defeat in Ireland wide local elections. And elsewhere win Macau and MGM China surge, leading gains among the 6 Macau casino operators that were awarded new licenses to continue running their business in the gambling hub. In Singapore, Juliet sali, Bloomberg daybreak. Thank you, Juliet, the rare protests in China are prompting investors to rethink bets on the country after jumping back in on hopes of a reopening. Mark Mobius, the founder of Mobius Capital Partners tells Bloomberg he does not expect those demonstrations to end peacefully. It's clear to me that as she can not tolerate any protests. So there will be a very tough crackdown on any protesters. More people will be arrested and they will probably go further in terms of control. Those comments from Mark Mobius come as Goldman Sachs economists say they now see some chance of a disorderly exit from COVID zero in China. And now Amy, doctor Anthony Fauci is making the rare move of publicly criticizing China's COVID zero policy. We get that part of the story from Bloomberg's Ed Baxter. Doctor Fauci says he's been puzzled all along about China's overall COVID strategy. It seems that in China, it was just a very, very strict, extraordinary lockdown where you lock people in the house, but without any seemingly endgame to it. And Doctor Fauci and NBC has heard on Bloomberg says he also doesn't understand why China relied on vaccines solely manufactured in China. In San Francisco, I'm Ed Baxter Bloomberg daybreak. Thank you, Ed, the turmoil in China is having an impact on Apple and production capacity for its flagship product. Let's get the latest now live with Bloomberg Steve rappaport. Good morning, Steve. Good morning, Amy and Nathan. Apple is looking at a shortfall of nearly 6 million iPhone pro units this year because of problems at a key manufacturing hub. The plant has been plagued by lockdowns and worker unrest following violent protests against pandemic restrictions, thousands of workers fled in October, the people who replaced them quickly rebelled against pay and quarantine rules. The facility operated by Foxconn technology group produces some of apple's most in demand handsets, apple and Foxconn reportedly expect to make a production losses next year. Live in New York, I'm Steve rappaport, Bloomberg daybreak. All right, Steve, thanks. These protests are also having an effect on commodities, oil is trading at its lowest level in almost a year. Checking prices now nymex crude is lower by 3.1% down $2 34 cents at $73 94 cents a barrel. Brent is lower by 3.1% at $81 even. It's going to be a busy week for U.S. economic data capped by the monthly jobs report for November, Bloomberg's Vinny del giudice reports. Economists say December payroll growth will probably fall short of November's gain at 261,000 U.S. unemployment could match or top November 3.7% as technology firms cut jobs and rising interest rates trim the economy's growth rate. Meantime, the Federal Reserve will release its base book economic survey, which will provide anecdotal reports on U.S. business activity, including hiring. Among other reports this week, the ISM's factory and exit keep parameter of the American manufacturing outlook. Vinny del giudice Bloomberg daybreak. Thanks for having the biggest event on this week's economic calendar comes Wednesday. That's when fed chair J Powell delivers a speech in Washington. Powell is expected to set the stage for slowing interest rate hikes at the same time he'll remind Americans that the fight against inflation will run into next year
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"The markets every 15 minutes throughout the trading day on Bloomberg S&P future is a 57 points down futures up 377. NASDAQ futures up 219 and the ten year treasury of 1530 seconds 3.57% and a yield on the two year is at 4% Nathan. Karen this morning's gain in futures follows the best day for U.S. stocks and two months. The S&P 500 Index close higher by 2.6%, weak manufacturing data helps further rally. Some see it as a sign the fed could soften its approach to rate hikes. Abe de pande is chief investment officer at centerstone. The fundamentals as far as the groundwork for a new bull market are there. You just don't have, I don't think the valuations are quite there yet. And you certainly don't know the catalyst yet. But I don't see I don't see a huge collapse or a calamity or anything like that. Senator stone zombie despondent believes core inflation has already peaked hitting a high point in February. Well, despite some optimism that the fed may turn a dovish, Nathan, Central Bank officials continue to bang the drum for more rate hikes, New York fed president John Williams says tightening still has a significant way to go. He is one of 5 fed officials speaking at events today. Here at any research president Edgar Denis said the fed should hike one more time and then end its tightening cycle. I'm totally stumped mystified surprised that fed officials don't seem to acknowledge that just focusing on the fed funds rate as part of the monetary tightening cycle is a mistake when you also have QT two and you have a soaring dollar. These are very restrictive monetary developments. Here at any research president nadir Dani says the fed's final rate hike should be next month. Well, stocks are rallying across the globe this morning Karen in Asia overnight equities posted their biggest daily advance since March. Let's get the recap from Bloomberg's Juliet Sally in Singapore. Good morning Juliet. Good morning, Nathan and carinus Australia's benchmark jumped as much as 3.6%, the most in more than two years after the country's Central Bank delivered a smaller than expected interest rate hike, while three year bond yields slumped the most since the RBA cut rates heading into the global financial crisis in 2008. Japanese stock surge with the benchmark topics rising around 3%. Liquidity in the region was relatively thin with China and Hong Kong markets closed for a holiday. In Singapore, Juliet sali, Bloomberg daybreak. All right, Juliet, thanks so we're also seeing a rally in Europe this morning. Let's go to London and get the latest from Bloomberg's UN pots. Good morning Ewan. Good morning Kat and Nathan, European stocks in the green for a third day today. The benchmark stock 600 touching its biggest gain since June travel technology and retail companies posting some of the biggest jumps today. A quick look at the GRR function on the Bloomberg search shows that all 20 sectors are lovely shade of green today. And Credit Suisse also gained this morning a day after those wild durations in the troubled lender share price in London, I'm your own partner daybreak. Are you and thank you. Let's stay in the UK now, where it is the third day of the Conservative Party's conference, questions are swirling over whether prime minister Liz truss can rebound from the political crisis created by last week's budget announcement. Let's go to Birmingham, England and get the latest from the conference with Bloomberg day break Europe anchor Caroline Hepburn, good morning Caroline. Good morning, Nathan. Karen, some of Liz truss's top team have been telling Bloomberg that her project is dead in the water already, a humiliating U turn on the top rate of tax from the Chancellor quasi Quartet has led her own party to question her leadership, which puts her agenda in jeopardy. The Chancellor has promised to bring forwards details of his fiscal plan and the independent watch dogs assessment so that it comes shortly. But one former cabinet minister who spoke to Bloomberg predicted the prime minister would be gone within a year. Now the question is how the government can afford the tax cuts that it has promised and will the poorest in society see their welfare payment sacrifice in order to balance the books. In Birmingham, I'm Caroline hecker for blue big daybreak. All right, Caroline, thank you. Back here in the U.S., U.S. China relations are back in focus, Bloomberg news has learned The White House plans to announce new restrictions on Beijing's access to U.S. semiconductor technology, details now from Bloomberg's Amy Morris and our 99 one newsroom in Washington. Members of Congress have been pushing The White House to tighten controls around semiconductor equipment to China, now sources tell Bloomberg news, the commerce department will roll out a package of rules this week, including formalizing restrictions on technology to produce chips that are designated as 14 nanometer or better. It will prohibit the sale of tools for logic and memory chip production in China and restrict access to chips used in supercomputing and artificial intelligence. In Washington I'm Amy Morris, Bloomberg daybreak. Thank you, Amy, as the war in Ukraine rages on Elon Musk is weighing in recent Twitter posts have the Tesla CEO drawing the wrath of Ukrainians, including president Vladimir zelensky, Bloomberg's Charlie pellet explains. Those posts are Ukraine to seek a negotiated solution to the invasion by Russia and to cede Crimea for good. Musk also launched a Twitter poll asking citizens of occupied areas of eastern Ukraine plus Crimea to decide if they want to live in Russia or Ukraine. The survey comes as Ukraine, Europe and the U.S. announced president Vladimir Putin's move to annex four regions and declare them Russian territory. The in New York, Charlie pellet, Bloomberg, daybreak. Charlie, thank you as for Elon Musk's company Tesla, plunged the most in four months yesterday after third quarter deliberation missed estimates. And it looks like investor Kathy wood took that as a buying opportunity. Funds back by Woods ark investment management bought more than 132,000 shares of Tesla yesterday in March the firm's first purchase of Tesla since mid June, Tesla shares they are up 3.1% this morning. And again, futures are higher, straight ahead, your latest local headlines plus a check of sports, and this is Bloomberg
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"At the other end of the spectrum are the Oakland ace of the payroll of just $49 million or just 5 million more than mets ace Max Scherzer makes alone. It's a double header on Monday Night Football the Buffalo Bills are hosting the Tennessee Titans in an AFC matchup while in game two the Minnesota Vikings are on the road to Philadelphia Eagles in the NFC. The tanks come into the game only one while the bills are one to know while both eagles and Vikings are both one and O. I'm Dan schwarzman that your Bloomberg won't sports update. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business out and at Bloomberg quick take. This is a Bloomberg business flash. And I'm Juliet Sally in Singapore, we check the markets every 15 minutes here on Bloomberg daybreak, Asia, China has just said a stronger than expected yuan fix for a 19th day really trying to stem at this slide you are still seeing the offshore weaker though, 7 S.W.A.T. zero zero 9 three. We've also had the lone prime rates remain steady in September after there was no change to the MLS last week. The one year loan prime rate at 3.65% the 5 year loan prime rate at 4.3%. We are seeing Asian stocks rise today this after there was a rebound in the final hour of New York trade, Australia's ASX 200 is the winner up by about 1% we're seeing gains of about a third to 7 tenths of 1% across the other markets and we will be watching U.S. excuse me Chinese tech shares after the NASDAQ golden dragon index of those U.S. Chinese shares advanced are on Wall Street. We've seen Japan's
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"The Emirates, I'm managed cranny in Dubai if you want a little bit of property in the UAE. You can have foreign ownership your way into email. The vicarious trade. But to the oil market, which is the alpha of sentiment, the alpha of spending the market, the equity markets are on phased. They're on phase as we go into Jackson hole. Yes, there's a slither of red on the screen this morning. Muhammad Ali and warns don't blink as you go into Jackson or Bank of America, however, warn this bullish sentiment that you have in stocks. Reasons to be bullish are pretty thin. We're obsessed about CPI in the next 50 basis point hike. That is not where we should be. We should be looking at duration of the longer end of the curve and that is the more important narrative for her, peak CPI, wages are strong. That's not a good thing for the stock market according to Bank of America, will revert to that in a moment. I mentioned Brent and oil in the headlines, oil in the headlines I refer to brand up 3.6% on the week. We rallied as much as 6% at one juncture this week. And this narrative. There's a clarion core for cuts to crude from the coalition of the willing. I'm not set twice because there's too many seas, but this is a more united stance by OPEC in terms of the narrative that we may need to Iraq and Kuwait, adding their voice of support. That is really what's building here as well. To the bond market as they say Muhammad Ali warns, don't blink. As we go into Jackson hole, Bridgewater's Greg Jensen says stocks and bonds are due to 25% drop which would be dropping price rise in yield. Inflation will be stubborn, rates will be higher. And there is a big disconnect between the financial economy and the real economy. Rates rise tepidly as we go to Jackson hole. Let's get to Juliet Sally she's got a big tech bikes on her hands in the Asian stock session Jews. I do indeed man as are we going to see China and the U.S. come to an agreement about averting the delisting of these Chinese tech players on Wall Street, certainly so a big bounce coming through on those 80 hours or get to a shot on that in a moment, but really we are just seeing some very strong positioning ahead of Jackson hole and the speech by Jay Powell. So Asian strokes rising for a second session and on track to eke out a small gain for the week of about a quarter of 1% pretty flat though, on the CSI 300, of course, another big week for investors in China as we digested that $146 billion announcement of further stimulus for the economy. We are seeing a weaker yuan once again really some moves here by the PBOC to try and stop the depreciation of the currency once again a stronger fix from the PBOC, but the dollar still rallying. And when it comes to the New Zealand bond market as well, we have been seeing kiwi dollar falling bonds rising after the Abbey and Z governor told a very busy Kathleen Hayes that the Central Bank's aggressive tightening cycle is nearing its end. Let's have a look at what we're seeing in the hang seng taking dicks because certainly that rally that you saw on the golden dragon index on the NASDAQ overnight very much lifting the hang seng tech index two, which is now flirting with the 100 day moving average. We're seeing firms that have ADRs like GDS and Billy Billy, the biggest gainers in the Hong Kong session. And EFG asset management told us that it is a good sign both sides of communicating. If this issue can be resolved, it could help lower some China market geopolitical risk premium overall Manus. Joe, thank you very much, is the best name on the stock market in the world, Billy Billy. I love it. Okay, Jill, we'll see you through the session. Juliet sorry that. In Singapore. So the financial world is kind of dying to the fed Joe Powell's hotly anticipated speech later. And we've already heard from various officials. Our global economics and policy editor Kathleen Hayes is in Jackson hole for the event. Kathleen, you've stayed up late. I just want to see, I want to see your ten gallon hat and I do Mike McKee, but in an absente of that, miss Hayes, what are you looking for? Well, well, this is definitely a western location. Anybody who's been watching our shows for the last what 36 hours you've seen me get blown away by wind almost. You see in the morning teams having to quickly uproot when The Rain got so bad after the wind had boned, not trees on a couple houses. That's the live stream and Jackson hole. And I don't think we're going to get that extreme from Jay Powell, although I think some people are expecting, you know, give us something definite, push the wind hard. Let us understand what you're saying and what exactly you're going to do, mister Powell. Now, he can't tell us exactly what they're going to do. In fact, just Esther George was asked about, are you are you willing to push that heart? Are you willing to push for recession? Are you going to move higher and how much? Let's listen to how she answered these questions. We have more room to go. That we would bring those rates down quickly. And I've seen that in some of the forecasts seems a bit remarkable to me. I think you will have to hold. Over 4%? It could be well over. It could be over 4%. I don't think that's out of the question. But again, you won't know that, I think, until you begin to watch the data signs. And we'll see if J Powell eccles is because I think for many people economists, fed watchers, maybe current beneficials, that's reasonable. Yes, we'll move the rate higher. I could see it going higher. It's not what I'm expecting. I'm not expecting a recession either. And even though hardly any official will say yes, I'll cause a recession if I have to. I think they're keeping two doors open. One door is that they are going to do what it takes. And if they have to go even, in fact, Esther George, I followed up on that question and said, well, John Taylor, Stanford University, Taylor ruled told us when we asked him that the fed might have to aim for 5% maybe even higher and she said, well, that could happen. It's just not what they're looking for. But Jay Powell, this is the speech that kicks off this symposium every single year in Jackson hole where a fed chair in the past has taken the opportunity to send a strong message message Ben Bernanke back in, what was it 20 11 signals or maybe this is 12 anyway, he said to the second round of quantitative easing here, he did spell it out in details, but he signaled it. And when Mario Draghi said he would do whatever it takes here at Jackson hole at one of these symposiums, that was the bazooka. So now J Powell has his chance. What's his bazooka going to be, but the markets want this extremely strong, aggressive statement on inflation, something that maybe explains why we got it wrong. We know we got it wrong and now we're not going to get it wrong again. This theme of the conference this year man is about supply constraints and how they worked into imbalances and inflation, things like supply chain labor shortages. We'll see how that we did. We'll see if Grit. That's where the politics come into play here as well. So if China is going to move those documents to Hong Kong, which is still Chinese soil, but an international hub, perhaps that is the concession that Washington was looking for from Beijing to allow the work to be done by the SEC and directly to look at those audits and allow these companies to stay. But the tide is already shifting managed. We've already had big state owned enterprises from China like China life insurance, like Petro China, like sinopec. They've announced they're going to delist from the United States. We've already had Alibaba move its second primary listing to Hong Kong. They're still listed in the United States, but they've established a second primary listing here in Hong Kong. Perhaps as a hedge against that tide of homecomings for Chinese companies and de listings in the United States. The story is not over, but it's a positive step. Okay, what's that in the ADRs and the GDRs have reacted, but as you say, it's about a shift but not a complete U turn. North Asia correspondent Stephen engel with the very least on the adios in the United States of America. Now let's check in in the first word headlines Gillette Sally's with me side by side in Singapore.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Wall Street We checked the markets every 15 minutes throughout the trading day on Bloomberg S&P futures at 40 points down futures have 252 and NASDAQ futures up 161 The Dax in Germany is up 9 tenths of a percent The ten year treasury is down 7 30 seconds to yield is at 2.96% of the yield on the two year 2.68% Nathan Well Karen we are seeing this lift in markets as we begin a new trading week and helping to boost sentiment in Asia Beijing reopening further from COVID restrictions Let's get the recap from Bloomberg's Juliet Sally in Singapore good morning Juliet Good morning Nathan and Karen Japanese equities are raised earlier losses in tech shares rose in Hong Kong following the long weekend This after a gauge of Chinese companies traded in the U.S. had risen 2% over the two trading sessions at Hong Kong had been closed Stocks in Mainland China advanced as Beijing eased back COVID-19 restrictions also lifting the onshore yuan Australian stocks fell backing the trend ahead of an expected second consecutive interest rate increased Tuesday while Swiss bank UBS said buying the Aussie dollar is a phenomenal trade In Singapore Juliet sali Bloomberg daybreak All right Julia thank you for oil also on the Raj this morning approaching a $120 a barrel Saudi Arabia is signaling confidence and demand for oil The kingdom raised prices more than expected for Asian customers Began more from Bloomberg markets live editor Heather Burke Saudi Arabia is signaled confidence with the demand with this bigger than expected price increase if it's crude for Asia And overall we're seeing improving demand picture We're heading into peak summer driving season And also in China which is the top crude buyer bait they continue to ease COVID restrictions which should also help the demand side of oil I blow our markets live editor Heather Berg says oil has rallied almost 60% this year checking prices right now nymex crude oil A paid 10% or 91 cents at a $119 80 cents a barrel and Brent is up 8 10% at a $120 73 cents Well rising oil prices have certainly been a major factor in inflation increases Karen and now President Biden's commerce chief Gina raimondo says it may make sense to live tariffs on some imported products to help ease higher prices Steel and aluminum we've decided to keep some of those tariffs because we need to protect American workers and we need to protect our steel industry That's a matter of national security There are other products household goods bicycles et cetera And it may make sense Commerce secretary Gina romando made the comments on CNN over the weekend Bracing for a key report on inflation Nathan we get the story from Bloomberg's Vinny del giudice The Labor Department will issue mace consumer price index on Friday economists say that year over year inflation rate will continue near historic levels topping 8% a major driver in May record petroleum costs in addition to the sustained run up in other household Staples Also on this week's date agenda University of Michigan figures on consumer sentiment sentiment has been running low as the cost of living runs high They need to shoot ice Bloomberg daybreak All right Vinnie thank you as the fed remains focused on fighting inflation We are getting word from Goldman Sachs that the U.S. economy remains on a narrow path to a soft landing Let's get more on that line from Bloomberg's we need a young good morning granita Good morning Nathan Goldman says improving inflation numbers and other factors suggest that the fed may be able to pull off its aggressive rate hike plan without tipping the country into a recession Goldman economists say sequential core inflation appears to be slowing and pressures on the supply chain are improving even as signs of softening in the job market emerges Now the economists say while the deterioration and indicators like the first quarter's GDP contraction suggest near term recession risks has increased other measures show output is expanding Live in New York I'm ready to young Bloomberg daybreak We need to thank you at least a half a dozen central banks are expected to raise interest rates this week Meanwhile the European Central Bank is predicting to finally join the global tightening bandwagon with policymakers on Thursday expected to announce it and to bond purchases and formally begin the countdown to an increase in borrowing costs in July While staying in Europe Karen the future of Boris Johnson is in focus as he faces a leadership vote in his ruling Conservative Party Let's go to London and get the very latest with Bloomberg's UN pots Good morning Ewan Good morning Nathan and Karen after months of speculation at 8 a.m. outside the British House of parliament It was announced that the prime minister is to face a vote of confidence in his leadership This after more than 15% of lawmakers from Boris Johnson's own Conservative Party called for the vote the p.m.'s been under fire for a series of illegal gatherings a Downing Street during the COVID lockdowns The vote on Johnson's future will conclude at 8 p.m. London time and he needs the support of at least half of lawmakers to keep his position In London I'm Muhammad Bloomberg daybreak You and thank you back here in the U.S. President Biden will take executive action to boost the U.S. solar industry Bloomberg's Amy Morris has details from our 99 one newsroom in Washington Sources tell Bloomberg news the president plans to invoke the defense production act to provide support for U.S. made solar panels while announcing a two year halt on new solar tariffs Now that would allow domestic developers to use the foreign equipment while U.S. manufacturing ramps up The White House is also set to use the federal government's purchasing power to help support American clean energy manufacturers The announcement could come as early as today In Washington I'm Amy Morris Bloomberg daybreak Okay Amy thank you And Starbucks is looking at external candidates.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Proposed a compromise that would allow imports via the pipeline via land from Russia while implementing a ban early next year on imports via ship And that would be significant because shipments by sea are much larger about twice as much with 1.6 1.6 billion barrels per day by sea Moreover by pipeline most of that oil goes to Russia and to Poland which have already agreed that they're going to cut out their reduce and end their imports from Russia anyway So that would be the reason that this would be significant But according to people familiar Hungary is still looking for more concessions The negotiations are ongoing There's an EU summit meeting of the leaders that starts today in Brussels they were hoping to have this resolved by then I think but it looks like it's going to go longer Yeah We'll see what the next few hours bring Bruce Thank you as always broomberg Bruce einhorn they're in Hong Kong Let's run you through the first one headlines now from around the world and get out to Juliet Sally in Singapore Hi you said the UN's top human rights official is drawing criticism for her visit to China's Xinjiang region Michelle Bachelet is 6 day trip ended with a press conference that did little to address concerns about China's alleged human rights abuses of Uyghur Muslims In a statement Saturday the U.S. State Department said restrictions imposed on the visit made Bachelet was unable to undertake a complete and independent assessment Colombia's presidential election is headed for a runoff with FrontRunner Gustavo Petro securing 40% of first round votes The 62 year old leftist leader is an ex gorilla and former.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Just gone 8 a.m. across the Emirates a warm welcome to the show I'm in Dubai They are in inflation panic modes got minor That's his view Gradualism is gone 7 hikes are predicted from the Federal Reserve in 2022 Will that cap inflation Will the belly of the curve ratchet at higher 5 year paper Rising and the swaps market at one juncture indicated 75 basis points to come over the next two meetings Diane swank says the fed are now waging war on inflation I mean the bond market is distrusting 5 tens inverted Let me show you the inversion So this is front cash inversion Should we really bank on that Or should we look at the forward T bills which are steepening But for the moment we had an inversion and Powell is trying to be a Maestro He's trying to be trying to be just too cute According to Scott minard on the handling of this So the bond market is mistrusting What does this stock market been It's been through fear to greed That is the critical point with the equity markets overnight S&P the biggest two day rally since 2020 the NASDAQ binds giving a little bit back this morning How's it going to deal with 7 rate hikes We'll talk about that in a moment The banks were the alpha in the bonds But equity markets giving a little bit back this morning They switched from fear through the greed as they believe the pal narrative about the strength of the U.S. economy The bond market those meat eating bond traders there are mistrusting I want to show you the commodity market What volatility have you seen in wheat Two huge political stories The FT talking about talks to end the war progressing Ukraine will become a neutral country but then zelensky on an NBC interview said negotiations are ongoing They're difficult All red lines have been crossed So I have two different stories but you see this tremendous implosion in weak prices If there's an off ramp Juliet Sally is back she's got over yesterday's volatility shock in the market Jules Yeah absolutely That was wild What happened during daybreak at Europe manis is we continue to see that move higher in hang seng tech index stocks And of course that flew through flow through rather into those ADRs on Wall Street as well We're continuing to see up my momentum in these tech players You can see the hang seng tech index which had its biggest jump on record yesterday by another 7.3% Today China's CSI 300 is having its best two day gain since July 2020 worth noting out the hang seng index having its best two day gain since 1998 We're continuing to watch the effects of the earthquake a number of countries companies I should say the likes of Nissan halting production at some of their plants in Japan but still the nikkei ratcheting higher with the year near that 6 year low And watching Aussie bond yields as well after the unemployment rate there fell to a 2008 low Let's just have a quick look at my chart as well and now the thing to watch in the Asian session is this move in the Korean won some strength here the nation moving to ease its cap on banks FX forward positions by 25% This is part of its measures to expand foreign currency liquidity to the one having its best day one day rally in 15 months Manus Jews thank you very much Well the fed's plan to raise rates repeatedly this year and next It's setting off some alarm bells That is to fight inflation Could it push the economy into recession Let's get to our global economics and policy editor Kathleen hey she's here with us So Kathleen the dots They were a little bit more hawkish even more hawkish than perhaps some of the biggest biggest people on Wall Street thought they were going to be Why Well J Powell made it pretty clear The economy looks pretty good Inflation is way too high He admitted when pushed I don't think it was that hard Yeah if we knew what we knew last year we would have started raising rates sooner Now they're behind the curve What this path they have laid out clearly acknowledges that because here's the dot plots the new dots the new interest rate forecast for this year and.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Replacing Sean Payton who left the organization after 15 years on the enchantment that your Bloomberg world sports outdate Markets headlines and breaking news 24 hours a day As Bloomberg dot com the Bloomberg business out and at Bloomberg quick take this is a Bloomberg business lash And I'm Juliet Sally in Singapore We check the markets every 15 minutes here on Bloomberg daybreak Asia just bringing you some news that in a video is said to be withdrawing from the acquisition of SoftBank's arm We are hearing that this is bowing to regulatory opposition and ending what would have been the chief industries largest deal The transaction collapsed on Monday according to an earlier report from the Financial Times this signing people with knowledge of the situation Bloomberg had already reported last month that in video was preparing to wind down the deal So thanks shares in Tokyo slightly softer separately armed CEO Simon Sega's is stepping down and will be replaced rather by Rene Haas Sega's was one of arm's first employees and apparently worked his way up through the ranks to become CEO in 2013 He continued to lead the company after it was acquired by SoftBank in 2016 Asian stocks meanwhile looking pretty good in early trade despite another late dip in U.S. shares we saw Wall Street reversing gains rather in the last hour of trading This was dragged down by tech stocks similar to what you saw in the Asian session on Monday Alibaba had dragged down the hanging tech index and we saw Alibaba ADRs tumble in the U.S. to this after city indicated that SoftBank could be selling off some of its shares The ASX 200 is up 1% in Sydney as is South Korea's Cosby the nikkei in Tokyo is up 6 tenths of 1% We are watching oil stating above $91 both is now talking turning rather two days Iran nuclear talks WTI crude futures though did drop more than 1% on Monday after that rally that took crude to a 7 year high took of course The U.S. ten year at 1.92% Let's get over to San Francisco now for a chance of delivering news Ahead All right hey Juliet Hong Kong's reported a record number of code infections cases doubling every three days executive council meeting today could reimplement some very tight restrictions now ahead of that meeting Saint Tao is reporting the plan will be to.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"And I'm Karen Moscow U.S. stock index futures are lower to start the week We're coming up to 6 O one up Wall Street I'm gonna check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures down 13 points this morning Now future is down 117 and NASDAQ futures down 32 ten year treasury down three 30 seconds He has 1.92% and they yield on the two year 1.30% The Euro 1.1423 against the dollar Nathan Karen the drop in futures comes after another volatile week on Wall Street the tech heavy NASDAQ 100 index rose 1.3% while the Dow dropped a tenth of 1% We saw huge market swings tied to earnings SD dweck is chief investment officer at Flo bank We've seen that earnings across a lot of these big tech companies had a very big impact and we could see some huge diverging moves between a couple of names depending on how the earnings results were perceived in how the guidance was perceived So maybe more of a stock picker's market coming in the couple of months But generally speaking I do still think the tech is going to hold up and do quite well in 2022 Flow bank says do you like says Friday's jobs report solidified fed hikes over the next few meetings but the second half of the year is still unclear Well overseas Nathan a rally and Chinese shares have limited drop in Asian stocks Japan led declines in the region and we get the recap from Bloomberg's Juliet Sally and Singapore Good morning Julia Good morning Karen China's CSI 300 gained as much as 2.6% in its first trading session since the lunar new year break before pairing some of those gains It was still the best post lunar new year gain since 2019 Sentiment was boosted by that big jump we saw in Hong Kong on Friday and easing concerns about regulatory headwinds for the tech sector However tech players were sold off in Hong Kong Monday led by Alibaba this amid speculation SoftBank could be selling some of its shares The UK two two 5 closed lower by 7 tenths of 1% in Tokyo after posting its best weeks since October In Singapore Juliet saw a Bloomberg daybreak Okay Julian thank you Back here in the U.S. The White House is planning another push on its economic agenda President Biden's top advisers are hatching a plan to repackage the message Amy Morris has the details from our Bloomberg 99 one newsroom in Washington You'll hear less about inflation and the stalled build back better plan and more about wage growth union jobs and domestic manufacturing Sources tell Bloomberg that President Biden's advisers are resetting the president's approach Supply chain bottlenecks and partisan fighting over COVID vaccinations masks and testing will take a backseat to expanding the productive capacity of the economy This just months before the November midterms where Republican wins could doom any future White House initiatives In Washington I'm Amy Morris Bloomberg daybreak Amy thank you We also have news from the US Treasury secretary this morning Janet Yellen says she has no plans to leave the job anytime soon in an interview with Bloomberg Yellen said there's still a huge amount of important work to do The biggest win over ten years so far was a global agreement on corporate taxes but Congress has yet to endorse the plan The economic data are also in focus Karen On this week's agenda the spotlight shifts to inflation we get more from Bloomberg's Vinny del giudice The monthly employment report remarkably strongest behind us Thursday the government issues the January consumer price index the CPI has been soaring climbing 7% on a year over year basis in December That's the most in 39 years and January's index could run harder as pandemic related supply shortages persist in businesses passed along rising labor costs Also on this week's calendar December consumer credit which should settle back from a record November jump If any doubt judic daybreak Vinny thank you turning to corporate news now Shares a peloton up more than 22% in early trading That's due to speculation of a takeover but as Bloomberg's dug Krishna reports peloton could face challenges if the company tries to sell itself to a big tech firm Peloton finds itself a potential takeover target last Friday The Wall Street Journal reported Amazon is exploring a possible deal Analysts say Apple could be a buyer the FT reports Nike is also considering a bid and Disney has been mentioned as well But regulatory scrutiny could make a deal difficult tech firms are being probed for their reach and influence Recently the FTC suit to block the acquisition of arm limited by Nvidia In New York I'm Doug prisoner of Bloomberg daybreak Okay Doug thanks Spotify is also in the spotlight this morning The company's CEO is speaking out once again about podcaster Joe Rogan Let's get the details on that live from Bloomberg's journey to young Good morning Good morning Nathan Spotify CEO Daniel ek tells staff that he's deeply sorry for the impact of the controversy over Joe Rogan But he supports keeping Rogan's show on the platform Rogan's been under fire for repeatedly using racial slurs and spreading COVID misinformation on his podcast And while several episodes have been removed from Spotify the company's CEO says he does not believe silencing Rogan is the answer Instead he says Spotify will spend $100 million to amplify marginalized voices live in New York I'm ready to young Bloomberg day break Ready to thank you We turn to politics overseas now with the latest on UK prime minister Boris Johnson He's hoping for a reset after key members of his team walked out last week And we get the latest from London with Bloomberg's UN pods Good morning Ewan Good morning Carolina Nathan following the resignation of 5 aids in 24 hours last week the prime minister is moving quickly to rebuild his team including a new chief of staff One newspaper report though says that Boris Johnson supporters are readying for a confidence vote as soon as this week They're said to believe that between 35 and 45 lawmakers have submitted written requests for a vote 54 is the number needed to make it happen But those requests.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"I'm Karen Moscow you are shock index futures on the rise this morning rebounding from a sharp sell off overnight coming up to 6 O one on Wall Street and we check the markets every 15 minutes throughout the trading day On Bloomberg S&P future is up 12 points down futures up 64 NASDAQ futures up 66 that Dax in Germany is up a third of up percent Ten year treasury down three 30 seconds Yield 1.88% they yield on the two year one 5% Not in X squared oil is up one and a half percent of a dollar 31 at 86.74 cents a barrel and Bitcoin this morning moving lower at $41,600 Nathan No Karen it is all about the markets this morning Stock futures are rebounding after a sharp drop overnight Let's get the very latest live from Bloomberg's John Tucker Good morning John Nathan NASDAQ futures fell as much as 1% overnight right now There are four tenths of a percent For investors fed rate hikes are baked into the cake starting in March and now they're speculation the Central Bank will deliver more than a quarter percentage point hike of that meeting A boron hawkish fed weighing on stocks especially textures lately but NASDAQ 100 sank 2.6% yesterday from its November peak the tech heavy index has fallen 9.6% just shy the correction Live in New York on John Tucker Bloomberg daybreak John thank you We saw the U.S. sell off spread to Asia overnight We get the recap from Bloomberg's Juliet Sally in Singapore Good morning Juliet Good morning Karen the MSCI Asia Pacific index fell for a 5th session as long as losing streak since March Japanese equities led the decline as the topics closed lower by almost 3% Sony shares fell the most since October 2008 after news that its rival Microsoft plans to buy Activision Blizzard for $68.7 billion Shares of some other Asian game related stocks climbed amid speculation on further industry M and a Chinese developers also rose in Hong Kong after the PBOC pledge to use more monetary policy tools to aid the economy and ease credit stress and bonds in New Zealand and Australia joined the global route In Singapore Juliet Sally Bloomberg daybreak All right Julia thank you It's a different picture in Europe this morning where early losses have flipped to gain so let's go to London and get the details live from Bloomberg's max Ramsey max What's the latest Yes Nathan turning more positive as we get through the European session today The stock 600 up three tenths of a percent right now yields remain in focus here too We have the tenure German yield turned positive for the first time since 2019 today yielding just .002% So just in positive territory right now in terms of the stock 600 industry groups it's retail really powering a lot of the gains today The biggest mover to the upside among the industry groups Richmond the biggest step mover in terms of stocks Swiss luxury goods company that with strong third quarter sales other companies burberry swatch montclair also doing very well so far this morning Live in London I'm max Ramsey Bloomberg daybreak All right max thank you While inflation is also front and center in Europe prices in the UK unexpectedly surged at the fastest pace in 30 years Consumer prices rose in an annual rate of 5.4% in December that has pressured to the Bank of England to raise interest rates again next month When it comes to the pandemic in the UK Karen it looks like COVID restrictions could be lifted soon Prime minister Boris Johnson will reportedly announce the lifting of rules in England today That's according to the Financial Times which says work from home guidance and the use of COVID passes are expected to end Back here in the U.S. Nathan bank earnings continue to roll in Bank of America and Morgan Stanley reporting results this morning and we get a preview from Bloomberg global finance correspondent shanali bassick Most of the big bangs have reported earnings and what it's shown is that trading is falling below expectations and the consumer is not jumping back as fast as expected We'll look for both of those figures today when Morgan Stanley the biggest stock trading shop on Wall Street reports earnings at a tough time for equities trading and Bank of America reports earnings with a consumer in mind Chanelle Bassett Bloomberg daybreak Thanks Outside of Wall Street airlines are in focus this morning The rollout of 5G wireless in the U.S..
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Tourism industry Okay let's check in on the rest of the market Juliet Sally is grappling with Goldman Sachs and PPI and CPI rolling over a word does the dice land Why is it all gone green juice Well exactly in medicine I think it's more to do with those soothing words from Jay Powell but he mentioned there that Goldman Sachs called downgrading China's economic growth forecast for 2022 from 4.8 to 4.3% And we certainly saw a moderation coming through in the CPI and PPI today Certainly not denting sentiment though as we continue to see markets ratcheting higher particularly in Hong Kong you can see that very bright box on the hanging index up by over 2% in the afternoon session The likes of Tencent Alibaba really helping to lift and consumer discretionary stocks getting a bid to date too We're also watching some general upside coming through in the currency market that Ozzy there just a touch higher We have seen Ozzy job vacancy search 18 and a half percent in the three months to November So broadly speaking it is a session of risk on as we look ahead to the U.S. inflation print use of And then with the reopening theme that we're seeing in Asia actually on the doubt what cause are we getting around the Macau casino sector Yeah this is a sector that has been hit very hard by border closures But coming through from JPMorgan turning bullish on the sector they essentially say that stocks don't really move anymore when you continue to see these headlines about border closures They say the market is already baking in a 30 to 40% chance of the Macau casino is winding down and that could be two pessimistic So the incrementally bullish on this sector going overweight to sans China wind Macau MGM China but then you can see Fitch is still quite cautious on the sector Let's have a look at the how the casinos are doing a big rise coming through in a Bloomberg index of Macau casino players today and certainly a number of those stocks that have been benefiting from JPMorgan's bullish call getting a good lift in the Hong Kong session too Use of Joel's thank you very much for that round up that said Juliet sali there I want to get back to this part of the world because Dubai's business conditions accelerated last month You've got easing travel restrictions and expert 2020 These two things helped boost the city's key tourism industry ahead of what was they searched on COVID cases Let's get to say he's the vice president of Mina economics research He is of course from Goldman Sachs Farouk The number that we have here is a snapshot from before the spike in COVID infections Is there an argument to be made that over the course of the last year Dubai's economy is maybe now more resilient to that kind of scenario or do you expect it to weigh quite a bit Morning you can use it I think the argument for resilience really comes from the fact that the UA as a whole and I think GCC is sort of world leading in terms of rolling out the vaccine program And we know from experience elsewhere that this variant on the translation to a lower mortality rate than previous very particularly delta And so the hope is that mortality rate will remain low as it has done so far despite a very very significant increase in cases And if that does remain the case then the hope then becomes that the authorities won't react by restricting economic activity and going into lockdown I solved the virus that creates economic fallout as the lockdown and the measures have taken against the virus So it's really just a function of how the government reacts from here on out If they're a problem which takes us put in place further through the lockdown restrictions are put in place then yes we would expect an economic consequence But for the time being you know the hope is that that won't be necessary For good to see you could see back on Zoom back and back in the land of the visuals with this We think about Dubai We've gone through this explosion really We've had expo it happened We've had travelers in a COVID world.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Throughout the trading day on Bloomberg S&P futures are little change to hire Dow futures have 87 NASDAQ futures down 40 ten year treasury down 9 30 seconds You have 1.73% that yield on the two year .86% and IMAX crude oil is up one and a half percent Nathan Karen let's look at yesterday's sell off It saw the NASDAQ dropped 3.3% after the fed signaled a more aggressive timeline for interest rate hikes Brian levitt is a global strategist at investigo The early stages of a tightening cycle And as we know it's usually not the first rate hike that matters It's usually the last one and even though we're dealing with this today as we often do when we start to see signs for the first move for I still think we're a long ways away from that last rate hike that ends the cycle Invesco global strategist Brian levitt says he sees the sell off as a buying opportunity ten year treasury yields this morning or trading at their highest level since April And Nathan the tech sell off continued in Asia overnight Japan led a decline since then he case led 2.8% We get the details from Bloomberg Juliet Sally and Singapore good morning Juliet Good morning Karen the MSCI Asia Pacific index fell for a third session in four with a gauge of tech shares among the worst performing The hanging tech index fell for a fourth day Yield spiked with Japan's tenure at its highest since April Japanese equity suffered their worst day since June while Australia's market had its worst day in 11 months and Hong Kong reopening stocks were hit as the city imposed tighter restrictions for the first time in almost a year In Singapore Juliet Sally Bloomberg daybreak Julia thanks We're also seeing Bitcoin traded its lowest level since December's flash crash right now it's at about $42,800 Let's get the latest from Bloomberg's journey to January Nathan the third hawkish tilt saw Bitcoin fall by about $3500 other cryptos like ether and binance coin also slumped to Lowe's not seen since October Bitcoin's climb over the past few years coincided with strong stimulus measures by the fed Now the question is how will it react as the Central Bank pulls back on accommodation Since it's all time high in November Bitcoin is down about 20% We need a young Bloomberg daybreak Renee thank you turning to the pandemic now We have a new recommendation on booster shots from the CDC Agency advisers say vaccinated teens should now get a third dose of Pfizer shot Bloomberg said Baxter has the story The panel says it's important for 12 to 17 year olds to get vaccinated to keep schools open This adds 12 to 15 year olds to the advisory already in place Doctor Rochelle Walensky has final say but has said that it's important to try and cut the severity of all Macron And she says the spread of amaran has gone up in a straight line Based on CDC genomic sequencing we now estimate that oma crown represents about 95% of cases in the country Well landscape says it's important for teens to get boosted In San Francisco I'm at Baxter Bloomberg daybreak Thanks Ed we continue to see the impact of omikron on the healthcare system U.S. hospitals are facing their worst staffing shortage in a year According to the Department of Health and Human Services data about 20% of hospitals report critical staffing levels that's the most since December of 2020 Meantime Nathan tennis star Novak Djokovic is making waves off the court his chance to play for a tenth Australian open title is in limbo The country denied him entry and canceled his Visa because he failed to make requirements for an exemption to COVID vaccination rules Scott Morrison is the prime minister of Australia Rules are rules And there are no special cases Entry with a Visa requires double vaccination or a medical exemption I'm advised that such an exemption was not in place and as a result he is subject to the same rule as any one else Australian prime minister Scott Morrison denies any suggestion that Djokovic is being singled out The pandemic's impact on the labor markets also in focus Karen Today we get data on jobless claims plus trade and services activity Bloomberg's Vinny del giudice reports Economists say weekly jobless claims will probably halt in their half century lows as employers fill record job openings The labor market has scored a solid recovery since the pandemic crash at 2020 Meantime November's trade deficit could tie a record as domestic demand rebounds also today data on America's service industry signal growth though not as robust as November when the ISM 9 manufacturing index at a record If any doubt should ice Bloomberg day break All right Vinny thank you fed policy front and center but there's also other news on the Central Bank sources tell us President Biden could pick former fed governor Sarah blue morass again for the Central Bank's top regulatory post we get more from Bloomberg's Charlie pellet It's a move that would please senators demanding swift action on climate change senator Sheldon whitehouse who has been active on the climate issue tweeted that a Raskin nomination as the fed's vice chair for supervision would be good news The Rhode Island Democrat says Raskin really gets it on climate and senator Ben carden of Maryland predicts Raskin will be easily confirmed In New York Charlie Bloomberg daybreak Charlie thanks And speaking of climate we have a new entry into the electric vehicle market General Motors is introducing a battery powered pickup truck CEO Mary Barra showed off the new Chevrolet Silverado at CES in Las Vegas Meantime when.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Burying the pain Juliet Sally is in Sydney Jules take us through the Asian session Good day Yeah a lot of headwinds for the China market today menace and that is really impacting the overall regional benchmark index here lower for a third session as we see weakness across the key indexes that we follow and of course a little bit of caution ahead of what is a very busy week for our central banks too We're also watching this sell down coming through in tech players similar to what you saw in the ADRs in the U.S. We've also had way more fund as well for some content When it comes to those properties stocks though that you are mentioning we're getting some broker downgrades on this space JPMorgan has cut shimao to underweight This is we saw shimal bonds and stocks for yesterday on these concerns that are now weighing through into the rest of the property sector you've seen evergrande in Hong Kong as well test record lows today JPMorgan now saying that the property sector could stay rangebound in the near term And of course all of this could impact how we see the slowdown in China's growth and that will be reflected in the November activity data released tomorrow matters Yeah I mean I think going to be very pivotal to the whole stimulus debate Jules isn't it in terms of China for 2022 The impact of the detection of China's first Omni Kron case How is that playing I do think the most As you can imagine not very well We know that this is a COVID zero nation We have seen according to the global times a case of aron in Tianjin and that is weighing through into a number of the reopening theme trades When you look at the Bloomberg gauge of Macau casinos it has tested record lows today We're seeing weakness in the likes of the luxury jeweler also the airlines and also highly low the hot pot operators So seeing quite a bit of weakness coming through here and this coming just as we were starting to see Hong Kong layout plans to open to the mainland for quarantine free travel menace Yeah the best laid plans go right Joe thank you very much Stay safe in Sydney Juliet Sally Down under More now on the UAE shift to a Monday to Friday working weeks ago the theory Our next guest says the move which comes into effect in January as a boon for the financial sector and businesses which operate in global capital markets Tariq fella is my gas sea of Nomura asset management for the Middle East How much of a boom will it be Good morning Good morning manners Look over the last few years The UAE has been on an accelerated path to greater and greater reform And in my view this is the clearest indication that the country is pivoting from the region from being a regional commercial hub to being an international business center And if you want to be an international business center you need to have a financial sector that is in sync with the rest of the world So many companies that wanted to make payments on a Friday for example couldn't because the banking sector wasn't open on a Friday So I think a lot of international companies that operated there prior to this latest announcement could work Fridays but the financial sector could not And that's really the key difference with the change in the working week And look there's no doubt about it and there's been a social evolution I'm not going to use the word revolution because some people say it's incremental maybe leveling up to the levels of marriage relationships et cetera But I did get the sense that we were at a very pivotal moment in terms of shifting the social dynamic here from this administration as well More moves to come do you think in 2022 Yes absolutely I mean the track record of the UAE authorities has been reformed since the early 2000s The last couple of years we've seen an accelerated shift and I think that will continue In terms of the position I know that you sent through China I think we have it which is about exposure exposure to this region We've got a raft of IPOs in Dubai We've had Abu Dhabi adding to liquidity But what surprised me was foreigners have been conspicuous by their absence from ownership You've run the numbers Why From the GCC markets That's a very good question manners Look the GCC now accounts for over 5 and a half percent of the MSCI emerging market index This year actually since the beginning of the COVID pandemic we've seen a net purchase of about $10 billion into the Saudi Arabian markets That's not a lot of money to go into what has been a relatively boy in stock market the Saudi markets up what 27 28% this year And so the reasons maybe there's a little bit of skepticism about the reform program in Saudi Arabia Maybe there's an aversion to hydrocarbon economies maybe valuation plays into that So there are a number of factors but what I can tell you is that most emerging market most active emerging market fund managers are underweight Saudi Arabia and that potentially can be dangerous for their performance And what a bite to the UAE in terms of that there's a renewed momentum there Do you think they're underweight in the UAE as well Yes I think they are especially Dubai I think Dubai has been disappointing markets in recent years And until we start to see one or two successful IPOs it will be difficult for investors to buy into this theme again Well there you go We need a capital markets forum for all that for all the IPO CEOs There's an invitation for you all Enjoy Bloomberg I can corral you all in a room with tarik tarakan as a hard question I just smile Now I've written on some F this fervent fed fever I won't give you the other one It's fermenting But in the eye of.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"All right good morning to our audience across the Asia Pacific and Juliet Sally in Singapore Bloomberg daybreak Asia is brilliant by interactive brokers you can trade crypto for less coin with commissions just 12 to 18 basis points and no hidden spreads or markups Learn more at IB KR dot com slash crypto we have been following the virtual summit between presidents She and Biden she's saying that China and the U.S. should respect each other and coexist in paste and also that they should work together to advance the noble cause of peace Let's see whether or not we're getting any market reaction and fill in the blank swedenborg Brian Curtis Brian Well we've got a couple of markers just opening up at this time The tych in Taiwan up to tenths of 1% The straight times index is trading down about two tenths of a percent It sort of follows a pattern of today We have kind of standstill movement the New Zealand market is essentially flat and EK is flat here at the moment We're also seeing a little bit more in terms of losses in Australia with the apex 200 down about half of 1% The China future is trading up a little bit in Singapore maybe about two tenths of 1% and we'll get hang Tang index futures trading in about 13 or 14 minutes earlier Hank sing index futures were down about a tenth of 1% So a lot riding on this virtual summit between President Biden and president Xi I'm not sure that people have really high expectations But probably the expectation that most would accept the most readily is just that they started talking again and that they seemed reasonably confident that they could work out some of the differences We'll see whether or not that pans out in that rather long meeting is supposed to go for a couple of hours Currency is now we have the offshore Chinese currency trading at 6 38 O 8 not too much movement We have a lot of strength in the Chinese currency of late The dollar was very strong overnight gaining four tenths of a percent Right now Dolly and one 14 18 the yield on the ten year treasury 1.60% and WTI crude is trading down a little bit down a tenth of a percent $80 80 cents a barrel Julia All right the fed will probably have to raise its target for the federal funds rate to at least 3% to try to keep inflation in check This according to two former fed presidents Bill Dudley and Jeffrey laka Dudley saying the fed is making a mistake on inflation I think they have made a mistake in the sense of being so slow to start the taper They basically said we're not going to start the taper until we've made substantial progress towards these goals of employment inflation And now the taper isn't going to be completed by until June of next year on the current trajectory That's a very slow path of removal of accommodation given the economic information that we're seeing So I think by locking themselves in this way I think they've doubled down I'm being late In response to accelerating inflation both Dudley and Richmond fed president lacker suggested the fed speed up the reduction in its asset purchases Dudley saying that trouble is it would trigger a so called taper tantrum in which long-term interest rates shoot up in response In the end he doesn't think the fed is going to risk that Well Chinese developer kaza has yet to pay coupons to last week Bloomberg's Rachel butt gives us some details I had about 88 million in interest payments to last week and some of the dollar bondholders that they had not yet seen funds coming through as of November 15 New York time in the morning and the developer has 30 days to retain those interests before they go into other fall At the moment Kaiser is trying to sell property assets with an estimated value of 12.8 billion but the progress excuse me has been very slow and fit rating says the slow pace could make it more likely for Kaiser to default at some point Kaiser has about a $185 million of dollar bond coupons June next month at a $400 million note of the developer will mature on December 7th It is four minutes past the hour time for.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"It is 8 30 am in Hong Kong and here in Singapore and Juliet Sally, we have trading underway in Sydney, Tokyo and Seoul. We're an hour away from the day's trade in Hong Kong and Shanghai yesterday there was significant selling in Japanese equities today. The topics is up 2.5%. That is its biggest jump since August. We've got the cost be up by about 6/10 of 1%, Australia's a 6 200 up 1.4% will have more on markets shortly. Well. A number of influential voices are saying the Fed's policy outlook needs to account for more inflation risks. One of them is former Treasury Secretary Steven Munition Pollution, said he's worried that the recent spike in inflation would persist, and he believes that will force the Fed to tighten monetary policy in the coming months and years. There's no question that the Fed needs to go into a period of normalizing rates and normalizing the portfolio. And I think the question is really how quickly they do that and how they do that, in an effort to control inflation. Commission suggested the Fed was reacting cautiously, in part because it relies on economic models that are struggling to incorporate fiscal and monetary policy stimulus. Meanwhile, fit scheduling. Powell will appear tomorrow afternoon before a congressional panel. In prepared written remarks, PAL said inflation had picked up It should move back towards the U. S. Central bank's 2% target one supply imbalances resolve Well, it is Amazon's prime Day the first day, but deals are getting stingier this year. That's thanks to rising shipping costs, higher advertising rates and scarce inventory. Tuna. Amobi is an analyst at C F R A and he told us despite all these factors It's still going to be a record year. Amazon has done a phenomenal job in terms of waking up consumer frenzy and anticipation. The similar checks, you know, don't hurt the consumer spending environment is fairly strong. So what we've seen this year is that the breath of deals, it is quite expensive, much more so than last year, but the main question becomes Why impacted third party sellers? Are going to play, which, as you know, is a very critical part of the of the mix of Amazon. This seller. They accounted for about a third of Amazon Prime Dick in 2020. So the big question is how much of an impact and promotions we're going to see from these guys given the supply chain issues that we alluded to earlier Many Amazon supplies are worried of selling too much during a sales season, and many say they're holding back inventory in case shipping delays persist through the busy Christmas season. Well, four of HSBC's most senior bankers in the United States are leaving the investment bank Bloomberg Sonali Bassett told us This is part of a revamp of the bank's business in the Americas. HSBC is really changing its footprint trying to focus on its most profitable areas and where it can be competitive in Asia in particular, for example, So how can they said their clients in the America to better serve the client is a. That's really what a lot of this will be about. They will be hiring right. They're not trying to cut down the investment being so much that they won't be adding talents. Sources told us the bank plans to hire for managing directors in another 50 bankers over this year and next, let's head to Hong Kong and get a market check with Bloomberg's Brian Curtis. Brian so rebounding today, Juliet but not gaining back all the losses from yesterday. The Nikkei Up to about 2.5% 697 points to the good The ASX 200 is up about 1.4% and the Cosby has put on gains of about Two thirds of 1% Fed chair Jean Paul saying that inflation had picked up but should move back toward the 2% target that the Fed has that's one supply imbalances resolved. Essentially saying two things palace inflation will subside and the Fed will tolerate higher levels than the target for a period of time. But we don't know how high And we don't know how long. So what exactly do we know? That's always the question in markets but still a sense of calm did return to Wall Street and its fed through here into Asia Risk assets rebounding. Particularly good day for financial and industrial shares. Tech did underperform gauge of small caps, The Russell 2000 rose more than 2%. So a couple of other interesting notes here membership Collective group has filed for an initial public offering on the New York Stock Exchange. Membership collective is the company behind the trendy SoHo House members clubs. The firm has 28 of those clubs around the world. M. C G is majority owned by Ron Burkle's Yucaipa companies, and they will use the so called directed share sales. It's a trend of allowing customers to participate in the I. P O and an investor group, led by D. C. P Capital Partners has agreed to take 51 job incorporated Private In a transaction that values that Chinese recruitment firm at about 5.7 billion U. S. Dollars. Couple of other quick notes The dollar is weaker today. Dalian 1 10 28 year old A dollar 1911 the Aussie 75.3 U. S. Cents You'll on the 10 Year Treasury 1.48% Bitcoin Down 3% gold Steady wt Crude is at 73 44 a barrel jewels. All right. 35 minutes past the hour time for global news and what is hoped to be a major economic boost for Hong Kong. The government has eased most travel restrictions. Setbacks turns.
Bloomberg Radio New York
"juliet sally" Discussed on Bloomberg Radio New York
"Skirts of unfair economic practices to crack down in Hong Kong and human rights abuses. Donald Trump's impeachment. Charles sees graphic video off the violent mob rampaging through the U. S. Capitol, stalking vice president Mike Pence and High Speaker Nancy Pelosi. Never maybe a beat testament despite recording in that last one more malls, miss expectations on net income. We have those details for you, which is gone. Nine AM across the Emirates on Menace Crane in Dubai and I'm using community and right alongside you, then we are looking at a picture off relative stability across a lot of these key assets. You was Treasuries. Futures are the ones that I'm looking at. Because the cash market is actually closed at the moment won't trade until the London Open. It was a perfect overnight session than four Treasury to the weaker than expected C P. I. Strong 10 year auction and then the dovish speech from the Fed chair that really set it up for a strong move, and then on the technical side, it might be looking like 1.2% of the near term ceiling is what the market's life team is writing about. Ready. Crude Lord by 6/10 of 1%. Citigroup, writing a note saying that it is time to revise the price forecasts upwards of $70 a barrel by the end of the year. The Saudi led production cuts are going to work in terms of bringing down inventories and demand just looking better than expected menace. Well, they're all jumping on the consensus bandwagon, aren't they? But look at this. You said the dollar Dying for the fifth day in a row. There's two very important things to consider. You have nascent inflation on the CP. I print but you've got the double doves off the Fed and the Treasury power. We're not there yet. In terms of employment, Yellen the message unemployment, I would say you have a double punch of the doves on the dollar, where stocks almost feel as if they're saying to the market. We're fully valued. You're looking at the dollar time for the fifth day in a row. On that you are looking at stocks. As I say. In this earning season, 83% beat on yet even on the back of nascent inflation and a dovish power yesterday, stocks Early budge. Let's translate those narratives to the Asian market. Juliet Sally's getting ready for her New Year's celebration, but she has a job to do today before Jules Yeah, just waiting to start eating those mooncakes menace. But we have got a lot of markets, of course out of action today. China is closed. Hong Kong closed early Japan out of action for a different holiday. You did see Hong Kong closed higher by half of 1% ahead of the Lunar New Year break, but 10 centuries falling from those records in the company has confirmed that one of its employees Is facing a corruption investigation in China. They have bean very clear to say, though, that this probe does not involve we chat data. The offshore yuan is pretty flat there after the body she called. We didn't see much moving implied volatility there, too with not too many risks, catalysts following the outcome off that phone call, or at least what we know and the Australian market closing lower by about 1/10 of 1%, but we did see some good movement coming through. Material players today. Of course, we have that call from JP Morgan that the commodities market has likely entered an upswing phase of a new supercycle use of Yeah, that's a lot to factor in. But thank you for the moment that really it's Sally there with the details on the accident, Asia there's some lines crossing then, in a busy earning season that is from Donna Gas. No, they operate as a natural gas company. In fact, the largest listed one of the company everything from exploration to production, they're coming in with the fiscal year Net loss. 1.38 billion therms. That revenue line is a 1.28 billion Durham's over the last 12 months. This stark seen quite a bit of volatility together with the energy markets here today. We're down about 3%. But we are gonna be speaking to the CEO in a bid to get a little bit of context about the road ahead, Man. We are indeed all the questions Iran Iraq, So let's get up to speed. First word headlines for you. It's Thursday morning. Donald Trump's impeachment, Trump has seen graphic video of violent mobs that rampaged through the U. S. Capitol, stalking vice president Mike Pence and.
Bloomberg Daybreak
Asia Stocks Rise on Trade Hopes
"Story in Asia today equities their gain for a second session has the Asia Pacific index now up ten percent from its December low. Bloomberg's Juliet Sally has details from Singapore. Good morning. Juliet good morning, Nathan and Karen Chinese Japanese markets were among the strongest performers in the region while energy Stokes. Propelled Hong Kong's Hang Seng index higher for a third session. Then he added one point three percent as the yen remained weak against the dollar and meets the risk on beds. Do also H tiring the on and off show stations. But it was the K which was the currency story of the day searching the most since November as the said kept rights at a record low one point seven five percent and push their high full cost into twenty
Bloomberg Daybreak: Asia
NAFTA talks make progress
"Daybreak Asia. It is nine thirty AM here in Singapore. I'm Juliet Sally. And I'm Doug krizner at Bloomberg world headquarters in New York, so markets in the Asia Pacific are up and running. Interestingly it's the ASX two hundred and Sydney, that's the worst performer index is down about one percent right now lots going on the foreign exchange to we've got a stronger yen and a weaker dollar.
Bloomberg Daybreak
China Stocks fall as the yuan continues to weaken
"Nathan and it is a big week for central banks with policymakers in the United States Japan the United Kingdom Brazil and India all set to me Bloomberg's John Tucker is. Here live with details morning John See an interest rates, is expected when Federal Reserve officials. Gather on Tuesday and Wednesday that's according to pricing in federal funds futures. And all but, one of the fifty seven accommodates pulled by Bloomberg get rational testimony earlier. This month. Fed chairman Jerome Powell didn't signal that the economy is overheating or warranted in imminent hike. For an economy that expanded four point one percent of the second quarter. The feds real policy rate is still. Around zero or even slightly negative and despite speculation. The Bank. Of Japan, could. Soon flesh. Out, a plan for adjusting stimulus all forty four economists surveyed predict the b. o. j. will maintain its current setting on interest rates the Bank of England expected to hike even amid Brexit gloom and Brazil's central Bank is, seen a standard Pat India central Bank will probably raise its benchmark rate John Tucker Bloomberg, daybreak John thank, you meanwhile the. Bank of Japan today. Conducted, its third bond purchasing program in a week, by One point six trillion yen worth of. Ten year bonds the central Bank bought the debt stem rising yields after they touched, a nearly eighteen month high of eleven, basis points stocks. In Asia started the week on a negative note has, investors show caution. Ahead of those central Bank, meetings Bloomberg's Juliette Sally reports from our Singapore bureau technology companies in pharmaceutical firms with the biggest drag on the topics, which closed down four tenths of. One percent Chinese companies related to infrastructure construction continued to rally after the. Government unveiled new, measures to aid growth however the CSI three hundred finish down eight tenths. Of one, percent while the on show Yuan added to last week's slump elsewhere Indian Stokes defied the. Downbeat trend the sensex holding onto record highs ahead of an expected rate. Hike from the country's central Bank this. Week, in Singapore Juliet Sally Bloomberg daybreak Juliette thank. You China's. Benchmark Shanghai, composite, as Lund. Eighteen, percent since January high still emerging market investor Mark mobias says he expects Chinese stocks To fall even further in the case of China you've got a, number of problems first of all debt that. Is a big problem for companies in China number two you've got the tech situation with these stocks there's going to be a real, problem because it's such a big part, of the index and the third thing I think is. The trade, war of course that's going to be affecting number of companies and the psychological effect would be even greater Moebius capital partners co founder Mark Mobius, also tells us is keeping an eye on the you want Beijing will likely be tempted to use. The, currency as a weapon in its trade war with the US also on the trade front major car producing nations are set to meet for talks to coordinate, their response to us tariffs sources tell Bloomberg representatives from the European Union Canada Mexico South Korea and Japan convene tomorrow in, Switzerland now discuss. How. To respond. If the Trump administration does impose levies on car imports is another busy week for. Earnings with more than one hundred forty Companies. In the SNP five hundred scheduled to report to. Bloomberg's Charlie, Pellett reports so far upwards of ninety percent. Of companies reporting results of come in above analysts estimates Michael Gino is president of Pacific. Heights asset management earnings revenues are up and that was. Expected I, think so it's not really a surprise I. Think that you get into company specifics and industry specifics with, obviously had some high profile beats of high profile non beats if you will Twitter. Facebook and Intel certainly falling into that category this week we'll be hearing from financial giants including Berkshire Hathaway I n. g. b. m., p. Potter bond MetLife car companies tesla Toyota and BMW and tech giant's apple Samsung and Sony Charlie. Pellett Bloomberg daybreak mad Charlie on today's, docket, we, get results, from fourteen companies in the s.. And p. five hundred including Caterpillar Bloomberg's Jill Schneider has a preview shares of. Caterpillar have been battered by the lingering uncertainty around trade negotiations the company Is expected to top analysts estimates for the ninth street quarter today but the stock may not get a reprieve to last quarter saw good numbers failed to boost caterpillars valuation chill Snyder Bloomberg daybreak. Thank, you a Bloomberg news has learned the. Board of CBS meets today to discuss the future of, CEO les. Moonves says we get the details. From Bloomberg's Ed Baxter Moonves was accused of sexual harassment by six women in a New Yorker article published last week, giving article. Moonves acknowledged there, may, have, been times. Decades ago when he may have made, some women uncomfortable by making advances, but he says. He never used his position to harm anyone's career, sources say, this, is, a regularly, scheduled board meeting CBS, independent, directors have already said they plan to investigate. The claims and, we'll hire an outside law firm to do so in San Francisco I'm Ed Baxter. Bloomberg, daybreak all right Ed thank you straight ahead, we have the latest world and national news and this. Is.
Bloomberg Daybreak
BP pays $10.5 billion for BHP assets to beef up U.S. business
"Six zero one on Wall Street we check the markets every fifteen minutes throughout the trading day on Bloomberg s. And p futures they're up about two points now Dow futures up thirteen NASDAQ futures up twenty five Dax in Germany's up four tenths, percent can Paris up two tenths percent Footsie-100 up six, tenths percent Nikkei two twenty five in Japan gained six tenths percent the Hang Seng in Hong Kong up about. A tenth of a percent ten year treasury up to thirty seconds yield two point nine six percent yield. On the two year two point. Six seven percent NYMEX crude oil down three tenths percent or twenty one cents to sixty. Nine forty one a barrel COMEX gold down six tenths percent or seven, dollars eighty, cents at. Twelve twenty. Seven fifty an. Ounce John we. Begin with earnings from Amazon the company shares are four percent in. Early trading after profit that more than doubled projections Emily Chang has more, from our Bloomberg nine sixty newsroom in San Francisco, Amazon, earnings NIST Alice Estimates on revenue and the revenue forecast but massively on earnings in part driven. By cloud growth and growth. The company talked up the prime program as always and said that it's whole. Foods that's really. Driving a lot of new prime memberships also talked about having the biggest prime day ever despite that big technical glitch. Bloomberg is also reporting that the Pentagon is very close to issuing this winner-take-all contract for its cloud business and that that really favors, Amazon Emily Chang Bloomberg San Francisco Emily thank you here's, of Intel plunged after its earnings report the stock sound five percent in early trading after signs at chipmakers growth. May slow that's despite second quarter results that topped estimates an entree Novon covers Intel for Bloomberg intelligence across. The board this is a good. Quarter now you have the preface that from an expectation standpoint AMD printed an MD just. Do, the cover off the ball so on a relative basis maybe expectations, that are, mismanaged, by Remember that Intel has ninety eight point. Five percent share for example in the data center, market in AMD has one point five so we named the more. Room to grow Emily Intel stock falls this morning shares of AMD are up about three percent we have a couple of energy deals. To tell you about BP has agreed to pay ten and a half billion. Dollars for most of HP Billiton's onshore US oil and natural gas assets the acquisition as VP's biggest since, one thousand nine hundred nine and includes land, and the prize, Permian, basin the. World's fastest growing major oil region at the, same time Chesapeake energy as the greatest sell its Utica shale assets in Ohio too. Closely held Encino acquisition partners Chesapeake will use. Nearly all proceeds from the two billion dollar deal to pay. Down debt that has shares. Up fourteen percent in early trading the two biggest oil, companies in the US report earnings today Bloomberg's Jeff Bellinger reports. Exxon Mobil Chevron will post, their second quarter results Bloomberg intelligence Says ExxonMobil's positive free cash flow will more than. Cover its dividends but the company will hold onto its cash. Rather than, buy back shares it may be too early for Chevron to. Restart by backs but executives may offer some guidance, on the timing. And size of the program analysts think Exxon will post. A profit of a dollar twenty seven a share on revenue topping seventy one and the third billion dollars chevrons profit is projected to come in at two dollars and eight cents a share. On revenue of nearly forty six billion dollars Jeff Bellinger Bloomberg daybreak Jeff thank you it's a big day, for USA conomic data with the first reading on second quarter, GDP due out at eight thirty Wall Street time I kinda messed forecast growth will come in above. Four percent Bloomberg's Vinny Del Jude is reports it's been almost four years since US economic growth top four percent with rapid growth be sustainable, economists had their dads about the rest of the year Bloomberg. Economics CS a variety, of special. Factors at work in the second quarter. Data additional The. Impact of White House trade policy, could derail growth in the months ahead in the, first quarter GDP slow to two percent pace one more thing that surge. Growth back in two thousand fourteen it was a five point, two percent gain any chewed ice Bloomberg daybreak thanks for let's head over to Asia. With the Bank of Japan's today offered to buy, an unlimited, amount of bonds for a, second time. This week the central Bank is looking to table rise it yields let's come amid speculation it could adjust its alter loose monetary policy move from the b. o.. J. a series, of. Stimulus steps. From China this week and earnings they were all in focus during today's trading session in Asia Bloomberg's Juliet Sally as details from our. Singapore bureau Japanese equities climbed for fourth day shrugging off a. Decline in the mirror holdings following. A prophet slide intensifying speculation about tweaks to the, Bank of Japan's stimulus program so, a ten, year yields briefly trade about point one of a percent. Against the j. target of around zero but they slipped in after noon trade is. This Central Bank unleashed another unlimited. Bond purchase offering stock index is in China and Hong Kong. Tick Loa the off show, you on bouncing off its weakest level in. More than. A year in Singapore I'm Juliet Solly Bloomberg daybreak Juliette thank you on the trade front US Trade Representative Robert lighthizer says a. Tentative NAFTA. Deal could be reached as soon as next. Month that, would be the deadline. Favored by Mexico but lighthizer, says there's still, hurdles to overcome and talks with Canada US relations with China meanwhile show no signs of improving. Lighthizer splaying down the prospect of a trade agreement with Beijing, at the, same time a top Chinese trade official. Railed against the US trade strategy calling it extortion and China is now expressing. Regret over Qualcomm, decision to scrap its takeover of semiconductors it's an apparent attempt to. Avoid blame at a Chinese regulators failed to rule on the deal more than twenty months after it was announced, s&p futures up a point basically. Is Bloomberg daybreak Six.
Bloomberg Daybreak: Asia
White House adviser Peter Navarro: There's a "special place in hell" for leaders like Trudeau
"The country sirius xm channel one nineteen and around the globe bloomberg business app and bloombergradio dot com this is bloomberg daybreak asia am here in singapore on juliet sally and i'm bryan curtis trading is underway throughout many of the big markets in the region here at the moment we are seeing some light gains hang seng index is just opened up a tenth of a percent and in shanghai the main index there the composite is trading a little bit lower down about four tenths of one percent but this market has felt like it wanted to trade lower this morning but then it just went higher so as a lot of a lot of volatility here at the moment will get to the details in just a moment but first the top stories of the hour well the dow stop after the g seven summit in quebec is intensifying white house trade advisor peter navarro is now accusing canada's prime minister justin trudeau of not being loyal there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald j trump and then tries to stab him in the back on the way out the door and that's what bad faith justin trudeau did with that stunt prescott conference that's what week dishonest justin trudeau dead and that comes right from air force one and i'll tell you this to my friends in canada that was one of the worst political miscalculations of the canadian leader in modern canadian history was speaking on fox news sunday at that press conference he mentioned that trudeau threatened retaliatory tariffs against the united states reaching all the way up out of that special place in hell to stab in the back it's an interesting image that he's drawn well speaking of trade we're watching developments after china reiterated that it is willing to expand imports from the united states if the two economies meet halfway in their negotiations that says we countdown to june fifteenth when a proposed additional twenty five percent tariff on some fifty billion dollars of chinese imports to the us could go into effect well richmond based agenda at financials plans to sell itself to china oceanwide has finally received a thumbs up from a k us panel more from bloomberg's ramey innocent the.
Bloomberg Daybreak
Asia, Germany and Solly Bloomberg discussed on Bloomberg Daybreak
"Business app and john on twitter this is a bloomberg business flash and i'm karen moskow panic over political turmoil in italy appears to be easing italian bonds are rebounding along with us futures and european equities meanwhile in asia stocks fell below a key technical support level and today's session with a renewal of u s china trade tensions sapping investor sentiment bloomberg juliet sally has more from our singapore bureau karen the asia pacific index dropped below it's two hundred day moving average for the first time in almost two years financial stokes led the region lower on concerns over exposure to italian dish stokes in shanghai sit for their worst run of losses since twenty thirteen just two days before joining msci's global benchmarks stokes in malaysia had their biggest drop intraday since two thousand eight in tokyo the topic's not an eight session of losses its longest losing streak since july twenty twelve in hong kong ten cent fell below four hundred hong kong dollars a share as this tech stocks stops to lose it so lou louis to mainland buys they've dumped around eighty one million dollars worth of the stoke over the past four nash in singapore juliette solly bloomberg daybreak juliette thank you and right now i shouldn't p futures are up seven and a half points dow futures up seventy four nasdaq futures up fourteen the dax in germany is up two tenths percent ten year treasury down fourteen thirty seconds yield two point eight.
The Kris Kobach Show
Mnuchin says Trump putting trade war with China ‘on hold’
"Daybreak asia it is eight thirty am here in singapore on juliet sally and brian kurdish training underway in tokyo sydney and seoul we've got an hour to go before hong kong and shanghai get started the asia pacific regional index showing some losses this morning but down about a quarter of one percent juliet well sucks in japan fairly flat than a catch twenty two thousand nine hundred fifty five points but us stock index futures are higher after the trump administration and china cold an economic truce bloomberg's nathan hager has more from washington treasury secretary steven mnuchin appeared on fox news sunday we have agreed to put the tariffs on hold while we try to execute the framework in which she says china will decrease tariffs and substantially increased purchases of us goods and services white house economic adviser larry cudlow tells abc's this week commerce secretary wilbur ross gone china is going to be looking into a number of areas where we're going to have greatly significant increases in washington i'm nathan hager bloomberg daybreak asia in china state media put a positive spin on the talks as well an editorial in the global times said that the united states will be able to narrow its trade deficit it also said china can ensure a steady supply of goods that it needs to develop and improve people's lives the commentary in the xinhua news agency said that the art of the deal lies in mutual understanding and compromise the peace says any onesided transaction at the cost of the other party is doomed to fail while when when that kind of cooperation brings success well it tesla ceo elon musk is revealed at the specs on two new versions of the model three there's a performance vision and less expensive joel markel rather all wheel drive option both will have a three hundred and ten mile range the model three is intended to be the company's first highvolume vehicle bash production has been hit by delays on sunday must treated that deliveries will begin in july microsoft has reportedly secured a potentially lucrative agreement with the us government.