18 Burst results for "London Bloomberg"

"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:14 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Bases. Bloomberg Daybreak You first Thursday, the fourth of February in London. Coming up this hour passed the peak. Britain's chief medical officer says the U. K's on the downward slope in this wave has more than 10 million vaccinated. Commitments, set the whole rates and downgrade its outlook. Big BANK earnings they Deutsche Bank reports its first annual net profits in 2014 and North Day of Beats, estimates, but Commerce back posts a 2.9 billion year old loss on restructuring former easy Be President Mario Draghi tries to form a new government in Italy on Myanmar blocks. Facebook is Auntie Khoo. Protests grow, I'm Leanne Garon's with World news. And the global stock rally fades while the Treasury curves steepens U. S Treasury Secretary Yellen is to meet regulators later on the Gamestop frenzy. That's all straight ahead on Bloomberg. Daybreak. Europe ON D A B digital radio London Bloomberg 11 30, New York Bloomberg 99. 1 Washington, D. C. Bloomberg 1061. Boston. Number 9 60, San Francisco, Sirius XM Channel 1 19 and around the world on Bloomberg radio dot com and fired the Blue Boat Business Act. Very good morning from London. I'm Caroline head to care. And I'm watching hearing a news thing to daybreak. Europe live on London, D A B digital radio where the news that the UK seems to be passed. The peak of the latest wave of the virus is certainly cause for optimism this morning. That, plus 10 million people having been vaccinated and the news that Oxford University is investigating combining the fires and Astra vaccines to see if that's even more effective, which could make vaccination process run even faster. So lots of reasons for optimism this morning. Plus we have on absolute mountain off earnings results. Yeah, exactly. Deutsche Bank has perhaps been the most interesting so far this morning, the first annual profit for them since 2014 a bumper year for trading. The pain of negative interest rates in Europe hasn't diminished things that Deutsche Bank also going to get Shell and Unilever earnings out in just a moment. Let me just take you to the market's really quickly. The old country world index, a slipping 1/10 of 1% of the three day rally in global stocks is really fading. That's across Asia. U. S and European futures are looking particularly bright. S and P 500 in many futures right now are down. Barely. 1/10 of 1% used toxicity features just managing a really small gain in terms of bond markets once put 14% for US benchmark yields. The dollar is stronger. 2/10 of 1% dear at 1 2005 So Coming off a little bit for the euro and higher all prices this morning, But let's go to the earnings. Shall we quickly? Roger let me start with Shel. Their fourth quarter adjusted profit was 339. Sorry. After $93 million. The estimate was 655 million. So different, Miss. They're they're seeing their first quarter. 21 Inter interim dividend increase off four of 4% down 4% over the fourth quarter of 2020. Yes. So that from shell so, yes, Interesting from them will also be sick Hearing form the shell chief executive officer, of course, Ben Van Beard and who's speaking exclusively to Bloomberg, But later on this morning around 7:50 a.m., so get a bit more from Shell. Also we're getting results through from Bt their third quarter adjusted Eve, but there was £1.88 billion of the estimate was 1.84 billions of beat on that. So Unilever fourth quarter underlying sales are up 3.5%. So that's a beat on the estimated 3.18% for Unilever full year adjusted operating profit comes in at 9.37 billion. Actually, that's slightly below the estimated €9.64 billion for Unilever will also be hearing from the Unilever chief executive Alan Europe. I'll be speaking to bring back a bit later this morning, so plenty of CEOs to listen to. Indeed, another results as well at Danske Bank seize their 2021 net income at nine billion Danish kroner to 11 billion Danish crown of the estimate was 9.63 million. And, of course, in just a few minutes, we'll have our own CEO off Pandora, the jewelry business in just a few minutes, also on their earnings this morning, But let's go to our top stories. Now, after all that breaking news, something here in the UK, which has passed the peak of its second coronavirus surge on Bmore than 10, Million people in Britain have now received their first dose of Favored vaccine Blue books, Charles Capel reports now, Chief medical officer, Chris Witty said the country is now on a downward slope of cases, hospitalizations and deaths. But chances off immediate lifting off restrictions are slim, which he said the NHS will be back in trouble extraordinarily fast if social restrictions are lifted. On. Prime Minister Boris Johnson said it will only be possible to begin easing the lockdown three weeks after the country meets its target for 15 million vaccinations. By February, the 15th in London Charles Cable, Bloomberg, Daybreak Europe, where it comes in Oxford University, starting a trial combining the cove in 19 vaccines from AstraZeneca and Frizer. Well that researchers see if two doses of different vaccines are better or worse than two laces off the same product. It would enable greater flexibility in the rollout of the jobs across the world. Meanwhile, the vaccine progress and what it means for the economy is likely to influence the Bank of England's great decision today. Bloomberg Sand to Kill Half Has the preview The Monetary Policy Committee is likely to vote unanimously to keep all elements of policy unchanged. That would mean the beauties policy rate remains at no 0.1% of the total asset purchase. Target stays at £895 billion According to Bloomberg Economics, the central bank will probably downgrade it's near term outlook, forecasting a sharp fall in output in the first quarter. But while only two of the economists surveyed by Bloomberg expected change in policy, the inversion in front and gilt yields is deeper into negative territory, suggesting money markets. Opposition for lower rates in London, Sandra Kill half Bloomberg Daybreak Europe. Meanwhile, the Securities and Exchange Commission and the U. S is combined is combing social media for signs of fraud in the rally off Gamestop, AMC and others. Bloomberg sources say the regulators looking the posts that may have been part of an effort to manipulate the market and drive up prices. U. S Treasury Secretary Janet Yellen is going to meet regulators today. Discuss the recent volatility well, meanwhile, on earnings this morning, I mentioned Deutsche Bank very much in focus, they reported their first annual net profits is 2014. This is the German letters or if I see revenue search 17% of the fourth quarter, beating the average for Wall Street and, according to the chief financial officer, James from ultra That means that the bank can resume shareholder payouts. We fully intend to to begin paying dividends in respect of this year. 2021 obviously subject to profitability to regulatory Approvals and what have you but as being part of our planning throughout to resume dividend payments in respective of this year, a zoo the first step towards a much larger, you know, five billion return over the next several years. So that was the Deutscher Bank, its chief financial officer. He also told us that he is confident that the positive trend will continue in 2021. That was also Rosie over a nor dare, where the fourth quarter net interest income beat estimates coming in at €1.17 billion. On the other hand comments bank is posting a bigger than expected pretty Marie loss off almost €2.9 billion for 2020. That's after taking big writedowns ties to the pandemic on restructuring charges for its massive cost cutting program. Right. There's our top stories for you this morning. Let's get to our CEO interview now Pan Dorma. Pandora has reported a bit for the fourth quarter that miss the average analyst estimates. Although revenue and net income did beat the jewelry maker has had a pretty incredible turnaround in its business, rebuilding its brand over 2020. Thanks with strong online focus and.

Bloomberg Deutsche Bank London Unilever London Bloomberg New York Bloomberg Europe U. S Treasury Secretary Janet Bloomberg Economics medical officer Oxford University Gamestop Danske Bank UK Britain CEO Treasury Facebook Pandora Bank of England
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:56 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"In Asia after the biggest slump since October in the S and P 500 due to disappointing tech earnings from Tesler, Apple, and some spats all straight ahead on Bloomberg. Daybreak. Europe on D A B digital radio London Bloomberg 11 3 own New York Bloomberg 99. 1 Washington D. C. Bloomberg 1061. Boston. Bloomberg 9, 60, San Francisco, Sirius XM Channel 1 19. Around the world on Bloomberg radio dot com and fired the Bloomberg business APP. Very good morning from London. I brought your hearing. And I'm Caroline have a warm welcome to the Big day break you over the side of European trading. Roger. In a moment, we've got Bloomberg's markets and managing editor Tracy Alloway. He'll give us her take on the game. Stop phenomenal. Yeah. I mean, this has been a really extraordinary thing, and you just see how much things have moved on the markets and really concerned from hedge funds, and many people say about time to these army of Reddit Day, traders seem to be able to upset them all. Yeah, absolutely pass. Also this hour, we're going to speak to these sort of motor manufacturers Chief executive lockdowns have meant really a catastrophic year for U. K car production to get their view on what breaks it will mean for that industry in 2021. But let me go to the markets now, before we get into those big conversations, we've seen dramatic slides for Asian equity markets this after her disappointing tech Earnings from the likes of Apple, Facebook, Tesla and Samsung in Asian Hours used Doc 600 County down 8/10 of 1% 5100 slums. 7/10 of 1% worries around valuations. Also about this growing vaccines spat between the EU on Dad. AstraZeneca kind of highlights the huge burden that Governments have in trying to inoculate their populations. We also heard from Jay Powell yesterday were 1% for US benchmark yields down by one basis point. Germany is that negative 54 basis points are flat at the moment in the FX markets, The Bloomberg dollar spot index is stronger 2/10 of 1%, the pound retreats 2/10 of 1% the euro. 1 2095 is also slightly softer. Down 1/10 of 1%, Georgia, Right, Let's get into our top stories. We begin, of course with Gamestop his shares in the video game store and now I'm about 1800% this month. Moves are hurting hedge fund legend Steve Karen and down sometime you've suffered bruising losses over the past few weeks. The surge engage stock and other game shot stop and other stocks that hedge funds have bet against means that Karen's 0.72 asset Management Declined 10 to 15% this month while sometimes D one capital partners, he's down about 20%. Well for his pulse Citrine capitals, Andrew left, says that the firm covered the majority of its short at a loss of 100%. He also issued an appeal to the day traders before there was read it before there was means before there's instagram and yes, before there's even Facebook, there was Citron research. We were the voice off the individual investor against the institution. Now, the world trading has caught the attention of regulators and the White House. Meanwhile, red it's Wall Street bets forum driving a lot of the retail trade briefly went dark yesterday before coming back online moderator said that a deluge of new users made it difficult to police The content well for moral this. Let's bring in Bloomberg's markets managing editor Tracy anyway. By the way, Tracy. Thank you so much for being with us hate funds. I mean, they clearly concerned about this. Have they thrown in the towel yet? Against the Wall Street bets, Trevor. Well, I mean, we've seen some short fellers like to turn that you just mentioned throw in the towel. I think it's going to be difficult for them to extricate themselves from these positions without incurring further losses that might be wide. We're seeing something of a delay. But I guess the urgency is sort of gaining speed here because what we've seen today, which is really interesting is this game stop strategy actually start to go Global. So, for instance, we saw some of the stocks with the highest short interest, the lowest amount of stocks in available float. Those roads quite a bit in Australia. Today, we saw, for instance, one resource ng Resource Company of pretty small mining company in Australia. Something like 60% just because its ticker happens to be G M E, which is the same as Gamestop ticker. We've seen a couple of stocks in places like Germany and elsewhere in Asia also start to rise. As this game stop, phenomenon starts gathering momentum and the more people who are starting to initiate short squeezes around the world. The more painful this is going to become Long short hedge funds for obvious reasons you have today, the The backlash is there against Reddit traders. Thean flick ations also are expanding, and there were several questions put Did your own Powell about Theo implications for for markets of what's been happening with game stops. So what's the backlash? Well, I think that's an open question. At the moment. The most we've seen from the U. S Securities regulator is a very short statement that was published overnight. That basically says they were monitoring market volatility. And there's a big question around what exactly they want to do here. And can they do anything that? You see? You know, they're they're in a transition period. So is anyone going to tackle this? It's a politically sensitive topic. Because here you have a bunch of small retail traders taking on the big hedge funds. Does anyone of the SEC wants to be seen protecting hedge funds in the interest of, you know, at the expense of retail traders? I think that's going to be a difficult one for the SS CTO stomach, and the other thing here is, it's not entirely sure certain that what Wall Street that's doing here is actually illegal. You can talk a lot about whether it's a pump and dump..

Bloomberg London Bloomberg Tracy Alloway Gamestop Jay Powell Germany Facebook Apple Asia managing editor Sirius Europe San Francisco London Boston AstraZeneca New York EU
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:17 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"November in London. Coming up this hour, Tis the season to be jolly Careful. Boris Johnson sets out new restrictions in the run up to Christmas Once England's lockdown ends next week May stocks gain after President Trump allows the Biden transition to begin even as he contests the election result. Janet Yellen is set to be Biden's Treasury secretary. Travelers arriving in England will be able to cut quarantine if they pay for a test and covert passports with Prue. For vaccination emerge as a way to restart international travel on the and Garon's with world News on the government here considers bringing forward the ban on war way five g to his earliest next year after pressure from Tory backbenchers that's all straight ahead on Bloomberg. Daybreak. Europe ON D A B digital radio London Bloomberg 11 30, New York Bloomberg 99. 1 Washington, D. C. Bloomberg 1061. Boston. No. But 9, 60, San Francisco, Sirius, XM Channel 1 19 and around the world on Bloomberg radio dot com and fired the Bloomberg business at Very good morning from London. I'm Roger hearing and I'm Caroline. Happy You're listening to Bloomberg. Daybreak. You live in London, D A B digital radio on Do we start the day with some knowledge, I suppose about where we're gonna be in terms of what happens after lockdown on Monday next week, But they realized I suppose where the tears are, but we're going to be involved in Cara. No, absolutely prevents. Emily Ashen is going to be joining us later on this hour to talk about helter. The post lockdown picture here in the U. K what it all means for Christmas. We still don't know We've gotta go. Eight hour actually this hour. Roger because we're also going to be joined by the Icelandic foreign minister. Gondola to go 3rd 3rd person I really hard for suggesting that I said that correctly. He joins us, of course, because they made it out of the global financial crisis pretty well. They've done well. In terms of the pandemic. I begin to find out how Iceland's economy is expected to recover, and then also will talk about Goldman Sachs. The plan. The European Stock trading platform that they just announced. Yeah, that's gonna be really interesting because it's talking about a situation, I suppose, in reaction to Brexit. No dealers. Yet, even if there is a deal, many people think there's going to be a lot of difficulty. And if people are Goldman Sachs are thinking about moving elsewhere. That's a very interesting moment. It certainly is so that I will be part of the show this morning. Let me take you to the market. So for a brief update their European equity markets we had futures pointed to the upside and indeed we start the day on the front for up by 9/10 of 1% on the US talks. Sounded even though we did see a small decline for European equities yesterday. Perhaps the optimism about the vaccine also the U. S transition now moving forward into the Joe Biden administration, eyes, cheering things 5100 or so up by 8/10 of 1%. We have the positive training session in Japan less so in China, though. The Nikkei 2 to 5 ended the day up by 2.5%. As for the bond markets this morning a check their benchmark years at 86 basis points for the US up by basis point. We also see yields rising in Europe. Negative 56 basis points for Germany as a basis point as we bring back dollar spot Index continues to struggle Weaker 2/10 of 1% On the flip side, the pound is again a 1 33 14 €93 spot pies at 1 18 59 also stronger 1/10 of 1%. We have stronger all prices for crude futures wt up 1%. Gold pulls back a 4/10 of 1% on We were talking about Bitcoin earlier this morning with Matty Greenspan. Well, we stand out 18,429 for Bitcoin. Right. Let's look at the stocks are to watch this morning now. Bloomberg's you and Pops has joined us. So welcome you in. First of all airline stocks, obviously and folks, I guess, because the government here changing quarantine rules, things could be very different, even possibly covert passports. LaGuardia thinking is that shop? It's 14 Day quarantine for arrivals from high risk countries by almost two thirds. If they take a Corona virus test now, this comes just in time for the Christmas for they rushed. The new rules come into force on December 15th there reduce yourself isolation period of five days. If a passenger test negative the Kobe on or after the fifth day because airlines have bean calling for reform of this long quarantine, period for months and months. Now, this is proving to be quite a boost. Airline stocks have a very good run in the last month already Ihe up 4.3% this morning on easyJet shares also gaining quite strongly up 4.6%. Now, what about all stooped to the Danish utility services company? They got a bit of a boost. What's going on? Yeah, Another UK government story to cover the government plans to double the answer of renewable power, supported by the country's main subsidy mechanism. Now the next round of contracts. The difference will clear the way for as much as 12 gigawatts, a green power capacity across three different technologies. One of those three is offshore when you remember that the UK is the world's biggest generator of offshore wind already Thies three pots of money, one of which will be interested to investors in Austin off Denmark. It's the world's biggest offshore wind developer, but shares Thank you very well extra posters, but they've artists do you share buyback? Had struck, Michael said. The Times about backs much of $2.5 billion shares that says it says it expects his pipeline. A new drug candidates to fuel sales growth on the verses also said he's on track to deliver $2 billion and cost savings by the year end on another two billion In the mid term. The market shares up 1.4% this morning. All right, thanks very much. Indeed. You and pots there with stocks to watch this morning. Thanks for being with us. All right, Let's get our top stories beginning here in the U. K where there's been pretty mixed reaction to boys. Johnson's plans. For replacing the current lockdown in England with a set off tougher regional tears. The British retail consortium says that shops are relieved whilst the UK hospitality industry warned that pubs, restaurants and hotels face going bust. Under the new rules, MPs from all parties have expressed different opinions. Labor is concerned that the tears won't work. Story. Rebels are worried about the economic impact his Bloomberg's Charles capable with the details under the new system, shops, hair.

Bloomberg Joe Biden UK London Bloomberg England London New York Bloomberg Europe US Boris Johnson Roger Goldman Sachs Janet Yellen Boston Garon Prue Iceland Emily Ashen
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:18 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Security's involved on DH. It will allow retroactive intervention. U S President elect Joe Biden and cools well, Vida's as Secretary of State. Mike Pompeo speaks of a second Trump term and English students face mask virus testing before they allowed home for Christmas. I'm Sandra Kill help with World news on use €1.8 trillion budgets and stimulus moves a step closer after it gets the green light from EMI Pete. That's all straight ahead on Bloomberg. Daybreak Europe. On the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99 1, Washington, DC Bloomberg 1061, Boston. Bloomberg, 9, 60, San Francisco, Serious Exam China 1 19 and around the world on Freeburg radio dot com and fired both business app. Very good morning from London. I'm Roger hearing And I'm Caroline. Help Koval Markham to playback. Daybreak Europe at the start of European trading. Roger where? By 2/10 of 1% on the 1st 100 gains 3/10 of 1%. The cat can also buy three. Sense of 1% this after we had sort of mixed Asian session because you have a Chinese tech sell off, but then gains across much of the rest of Asia. Yeah, I'm here in the U. K. Of course, big interest in the fact that Boris Johnson got his phone call from Joe Biden president elect in the U. S, on a sense that perhaps that relationship may not be as much at risk as many people had feared. Also here in the U. K, of course, very interesting about this new bill going through the House of Commons, which is, in theory, at least going to allow the government to intervene in business mergers or investments that could possibly cause issues for national security. A lot of people very interested in that, not least the fact It could be done retroactively. Yeah. Bloomberg's own. Alex Morales has been on the radio program this morning discussing that it's got a great piece on the terminal about the ramifications for this more sort of white House aside, I'm a white hole rather control that house of mine. Right. Let's also take you then to the rest off the markets this hour. Aziz say we put up positive in terms of thie empty markets in Europe. The futures for the U. S. As 500 Many futures are up 2/10 of 1%. NASDAQ futures Drop. It is a holiday in the US in the sense that no cash U. S. Treasury trading is taking place on future stock futures are open. It's Veterans Day in the U. S. Remembrance day here in the UK Elsewhere in the FX space Bloomberg daughter spot index is is weaker but actually not as much as earlier the pound against attend the warm said the euro is also down 1/10 of 1% Brent crude features Up to a half percent this morning as gold sinks a little bit in terms of the bond markets this morning German years at negative 47 basis points are heading her a basis point. Which of those the market's? Yeah, one more bond headline. Interestingly, across the term last US UK 30 Year Bond yield rises above 1% for the first time. Since March than interesting load there. Let's have a look at what stocks are to watch this morning. Bloomberg's When Akani um has joined us so very good morning to you, my first lesbian, even Amro reporting earnings with profits, exceeding estimates. Yes, they have posted stronger than expected profit on this is a Dutch bank on think cutting costs on it that he set aside left money to cover potential loan losses. However, Theo still have been cautious about the economy in coming months. With this Netherlands entering a partner shot locked down in mid October. The shut down about 2.1% this morning. We have really awaiting a strategic update those command on November 30th They have talked about. And exiting trading and commodity financing on slashing jobs. So I think I will be on that looking forthe Chemicals. One sector clearly under pressure at the moment is the car making industry. The car parts maker Continental has seen a squeeze on profits. Yes, they have. They expect profit margin of any about 3% this year, which would be just shows how what earning of being under pressure at the auto parts supplier. You have being a tough market this year, particularly with the pandemic on they also searching for any CEO, so they now be adjusted earnings before interest in taxes. Man. That's 3% this year as modern compact Tio What they had forecast which was 6.5% on, so you know, there's a lot of uncertainty. Tita explain on the shelf there down about 1.7. I'm fine, I guess in lock down will certainly been said that we're being a lot more gambling flutter entertainment, owner of major gambling bands like bones like Paddy Power Betfair there, impressing analysts with the outlook. Yes, they have on the shares of reacted positively morning. I think K index family, but they are to police. Police dissented Commitment on DH. They reported a total. Revenue in the third quarter, which beat the average analyst estimates. Tiki posting, you know strength in gaming on board. Andi really does have exceeded their own expectations on one of the things that they've actually seen. What a big improvement is, is in the US, So I think I was really looking at them taking advantage. Coarsened if market on DH Hi thing that thinks hold up, you know, feeling that no further look down, you know, coming in UK and Island. Obviously, that does affect business but shut up about 2.2%. I guess if they have to pay out on the people who bet on Joe Biden perhaps they're not quite so comfortable this morning anyway, Malena. Thanks very much Meconium. They're joining us What stocks to watch this one. About our top stories. Chinese Tech stocks have fallen for a second day in a row after the Communist Party stepped up efforts to rein in some of China's most powerful companies. Both Tom Mackenzie has the details on the measures being introduced. They're concerned the authorities here about.

Bloomberg Joe Biden Europe UK London Bloomberg US Roger President Mike Pompeo Sandra Kill London EMI Pete Boris Johnson Koval Markham House of Commons Asia Tom Mackenzie Trump
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:21 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Testing before they allowed home for Christmas. I'm Sandra Kill half with well news on the use €1.8 trillion budgies and stimulus moves a step closer after it gets the green light from Emmy. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg, 99 1, Washington, DC Bloomberg 1061, Boston, Bloomberg, 9, 60, San Francisco Cirrus X in China, 1 19 and around the world on Bloomberg radio dot com. And five blue boat business. Good morning from London. I'm Caroline hip here, and I'm watching hearing and listening to daybreak. Europe live on London, D a digital radio say too big things happening here in the last 24 hours. I suppose that really make a big difference as faras British listeners a concerned One is, Of course, the rollout off the vaccine plans for people getting the jab at the beginning of December. Potentially The other. Of course, Boris Johnson finally got that phone call he was desperate for from Joe Biden. Yeah, indeed. Although Northern Ireland was discussed, so that sort of highlights the tensions potentially going forwards between number 10 Downing Street on DH, the new White House administration, let's see. Russo got Big Bill National Security and investment bill that could have a big impact on business in the UK investors and businesses. Being forced to tell Whitehall about proposed deals in areas like defense and a I so that could make a difference on DH. Also in the background of that, of course, is the UK slightly shifting stones towards China and towards other the other. The foreigners, I guess in the in the UK, speaking of which we have Carrie Lam, speaking over in Hong Kong. Interestingly, after trying to pass this law, allowing the disqualification of Isha! Lt's in the city deemed unpatriotic. Yes, on patriotism seems to be there. We know several officials seem to have been or several members of Legislature now seem to be disqualified. That wants to be keeping a tight on that Beijing certainly seems to be on a bit of a role in terms of pushing forward its agenda at the moment. We also they're taking steps against big tech companies. We're seeing that reflected in the markets. Yeah, absolutely. We will, as discussed all of the details of what Those were new rules include, but in terms of the market has led to a selloff, particularly for 10 Cent for Ali Baba, but more broadly across the C S. I 300 wolf by 1% Chance had come jobs by 2%. It's come as something of a shock despite thie angry Pipo being a scrap that was sort of a red flag earlier, or NASDAQ yesterday also dropped, so it's more than just the China Texel office. Also this rotation in the markets that we've been talking about as a vaccine optimism dominates US futures right now on the NASDAQ up 4/10 of one, said. SB 500. Many futures also out, 4/10 of one said You're so 50 Ft is actually just heading into the green after they were negative earlier this morning European stocks on the 600 yesterday close up 9/10 of 1% as for the FX space public dollars spot in next weekend. 2/10 of 1%. The pound is flat. The year started stronger 1/10 of 1% at 1 18 28, and we also have higher oil on gold prices. Crude futures at 11.6% this morning remember it's remembered. Stay here in the UK Veterans Day in the United States. That means no CASS traded for us. Treasuries s so that in the markets I'm one headline coming across the of the last few moments results. Um Weatherspoon's highly significant, I suppose. Given what's happening with the hospitality industry. Generally, they're October sounds significantly lower than prior months. They see cash burn in the month of closure about £14 million. The comparative sales down by 26.77 Point, 6%. For the 15 weeks up to November, the eighth so clearly an issue for them, but reflecting the industries the whole Yeah, absolutely. Let's get to our top stories now. Chinese Tech stocks have fallen for a second day after the Communist Party stepped up efforts to rein in some of China's most powerful companies. Bloomberg's Tom Mackenzie, is in Beijing and has the details on the measures being introduced. They're concerned the authorities here about.

Bloomberg UK China London Bloomberg Europe Beijing US London Boris Johnson New York Ali Baba Boston Joe Biden Communist Party Carrie Lam Cirrus Caroline
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:04 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Civil war inside the Labour Party. Old divisions reopened as Jeremy Corbyn is suspended over his reaction to a report on anti Semitism. A new daily record for virus cases in the U. S just four days ahead of the election, and the French president Tempus is toad on Islam after the attack and niece that killed three people. I'm beyond parents with World news. Another big earnings day. Air France slashes capacity Is Virus Restrictions Increase NatWest swings to profit on turtle beat estimates that's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99 1, Washington, DC Bloomberg 1061, Boston. Bloomberg 9, 60, San Francisco. Serious except China, 1 19 and around the world on Bloomberg radio dot com and fired Business at Very good morning from London. I'm Roger hearing you're listening. T Daybreak. Europe live on London. Ta be digital radio. And it's morning. Where about keeping an eye on the European opening even more closely than usual because he's been a very risk ofthe day in Asia, and at the moment it's looking as if Europe is going to follow suit or get to the details of that in just a moment, but first We bring you redhead coming across the seven last few minutes about the Spanish economy. You've had GDP from France. We had GDP from the US both up. Spanish economy grew 16.7% of the third quarter. That's a well beat on the estimate of 13.5% clearly backward looking statistics, but indicative, perhaps of what was going on a year before, of course. The latest lockdowns coming as a result of the new virus surges. But let me give you a sense of what is going on on European markets this morning Stock 600 He's down 6/10 of 1% of Footsie Down 7/10 of 1% the cac Down 9/10 of 1% the ibex Down 8/10 of 1% on the foot. See movie. About 1.6% so very much a risk ofthe morning there. We haven't quite got the dax figure yet, but we'll come back to that. Meanwhile, if we look to the U. S opening later s and P 500 down 1.6% down the same NASDAQ Down T 0.5%, of course, reflecting that tech issue. Also looking at the bond area, US 10 Year benchmark Treasuries. 81 basis points. No real movement there. The dog also pretty Fallon being but dollar spot Index the pound also flat on cable right now, 1.29 to 6 oil still under pressure. $35.99 a barrel down 7/10 of 1% Brent down 9/10 of 1% $37.31 a barrel are affecting, Of course, the virus impact in terms ofthe oil demand, Right? Let's have a look at what the stocks are to watch this morning. I'm joined now by Malena Condom Very good morning to you more weather, First of all, NatWest swinging to profit. They did indeed, and shared already about 2.5% this morning NatWest face in Edinburgh operating profit over £355 million, which was more than analysts for cost. Even as that net interest income fell a little bit. They took a charge of Badlands. That £254 million. But that the total for the whole year was going to be the lower end of the range that previously be instead of 3.5 to £4.5 billion. You're challenging time play head, they say. But they are, you know, making smaller provision for loan losses and overrule, you know, they have made a profit share directing morning, right? Well, it's time to Telefonica. They're receiving approaches for steak in the stakes in the tech unit. Yes, they have. They've had some contact with investors who have shown interest and looking for a partner with deep pockets. They say that creating a spy the security unit integrating from the unit on gaping Tio keeping for a couple of courses, But this is, you know, a little part of trying to raise funds to get by selling off some of the assets. On DH. He unites most nannies and chest mourning about nor 0.5% in Spain, although, of course the big unease coming across the country this morning. Yeah. On DH. Finally, Of course, we know the difficulties of the airline industry. Air France KLM, slashing the year and capacity. Yes, they will off less than 35 cents off a year ago. Capacity F phone on Kayla about 45% lower So that thing was in that previous will cost off 65 cents for the whole great policy back, explaining a lack of Amon G T 19 and affect government decision to implement and you look down off creatures really added to their struggles, their gonna have substantially lower results. On DH. Yeah, that in a lot of pressure from the shackle is now of course already down 4% this morning in Paris, which you know is liking the market. Yeah, as you could. Well, imagine it might thanks very much indeed. Meconium. Joining us live with stocks to watch this morning, Right? Let's go onto our top stories. Now we begin with Tech. Apple shares fell in late trading after the smartphone maker reported a slump in China Revenue and iPhone sales. Missed street estimates. Bloomberg's dead Lovely has the story. Apple hit record revenue of $64.7 billion in the quarter, boosted by all time high sales of MacBook laptops and its services offering, But sales of iPhones overall fell due to anticipation around new models. Apple gave no forecast for how the new generation of five G enabled iPhones will do in the key holiday quarter. But if there's some cause for optimism, it's around how the iPhone 12 pro Max will do in China. Apple CFO Luca Maestri said he expected to be a hot seller in that market on account of its largest screen in San Francisco. Ed Ludlow Bloomberg Daybreak Europe. And Amazons, projecting strong holiday sales.

Bloomberg Europe Apple London Bloomberg France China US San Francisco NatWest Jeremy Corbyn Labour Party London New York Tempus Boston Washington
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:15 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Higher as a new stimulus package is put on hold until after the election. France prepares new measures as death says search to the highest since April and two young Children among four dead as a migrant boat sinks in the channel. I'm the Aunt Karen's with world news on beating the street. Deutschebank debt traders regain market share in the third quarter, offsetting weakness in the corporate bank. Highly Khun reports this hour. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11 3 own New York Bloomberg 99. 1, Washington, DC Bloomberg 1061. Boston. Bloomberg 9, 60, San Francisco, Serious Exam China 1 19 and around the world on Freeburg radio dot com and fired the Bloomberg business out. Avery. Good morning from London. I'm watching hearing and you're listening. T Daybreak. Europe live on London Digital radio. The big themes today. Of course, we are. Moving into the final stage is off the US election. The prospect of a stimulus it seems before that election firmly buried by Donald Trump, Really speaking in the last 12 hours or so, Also today, we're keeping an eye on what's going on with Boris Johnson. His plans. He's pushed to try and deal with the virus in the north, coming under greater and greater pressure and signs of discontent inside his own Cabinet, seeming to rise great piece on the terminal this morning, giving us a sense of how it feels to be Boris Johnson, perhaps certainly how it feels to be in his Cabinet with big room meetings, Windows wide open, But I frosty atmosphere will give you on that In a moment. First, will let me bring you up to speed on what's going on on the markets right now. In Asia, the topics is down three tents of 1% closed now, of course. Okay, ended down 3/10 of 1% as well. 300 up 8/10 of 1%. Shanghai come up almost half of 1% Hang, saying however, slightly down down 1/10 of 1% is looking out to the European opening in an hour's time. Stocks 50 futures down 1.4% German futures the same French features also S and P 500 down sixth sense of 1% in terms of the U. S opening style futures down 6/10 of 1% as well. NASDAQ Down 4/10 of 1% in terms of the bond market. US 10 Year Benchmark Treasuries, 76 Paces points. No real movement there this morning. The dollar stronger by more than 1/10 of 1% of the Bloomberg dollars spot Index. The pound Pretty flat on cable 1.3052 looking to oiled under pressure because of the hurricane of calls in the Gulf air, but also about us in ventures concerns about that $38.55 a barrel as down 2.6% this morning, Brent Sea 0.1% $40.34 a barrel that's something big business flash, not business fashions. The data fresh comes later. Let's get you to our top stories. They this morning actually, let me just bring you some breaking news coming through with some results next. Their third quarter retail sales down 17 point million percent. Interestingly, the estimate was 18.3% down. They're saying they're fully a pretext at £365 million. That was also they were there. That's a above their what was seen, which was £300 million highly can also coming through just now. Third quarter organic beer. Volume down 1.9% of versus 2.3% Year on year The estimate was down 6.61% area, some earnings coming through thick and fast this morning in the last few minutes, he across the terminal. Right. Let's now go onto our top stories because we begin with the pandemic as the UK is reported almost daily deaths from the virus since the end of May. Bloomberg's Charles Cable says it puts pressure on the government to take further steps to control the pandemic. 367 people were reported to have died within 28 days of receiving a positive Corona virus test. The highest daily total since the 27th of May public Health. England's medical director, Dr Yvonne Doyle said she expects to see the number of deaths to continue to rise for quite some time. On that each day they Seymour people testing positive on hospital's admissions continuing to grow. It is a grim total that shows the UK still does not have a grip on the latest outbreak of the disease in under Charles capable Bloom boat Daybreak Europe Meanwhile, pressure continues to mount on Boris Johnson, according to Bloomberg Sources. Cabinet meetings have become frosty affairs and the prime minister is not enjoying the task he found himself in. Members of the government say that party discipline has fractured on Johnson's authority has been damaged. This follows 1 50 Tory MP, signing a letter to Johnson warning his virus strategies disproportionately damaging northern England. Groupsleaders Jake Berry says the prime minister needs to deliver on his election promises. Less than a year ago, people across the north of England bought in to the prime minister's compelling vision. For transforming lives across the north of England. This government is delivering on leveling up. What we are saying is covert now makes that urgent. And that was conservative MP Jake. Very firm or UK politics that Miss Bloomberg West, Mr. 12, noon UK time today, we're going to be speaking to the conservative John Penrose about that tour your vote on how the prime minister could or should deal with it. Cats that live in London. Do baby at noon or download the podcast on Apple music or your preferred Radio Apple later, right, let's move across the Atlantic to what's going on in the US, where President Trump seems to abandon any hope of a stimulus package before the election next week, telling reporters of the White House he thinks the deal will come after the vote. He repeated his accusations. At the House of Representatives speaker and leaving Democrat Nancy Pelosi is demanding funds to bail out Democratic, state and local governments. Mr Trump said the best package ever has come the horizon after the election. And turning to earnings. Microsoft's first quarter revenue climbed a bell unexpected 12%. Bloomberg's Dina Bass says sales were driven by corporate demand for cloud services as employees work from home and more business went online. Their customers have actually accelerated their move into the cloud..

Bloomberg Boris Johnson England London Bloomberg US Europe prime minister President Trump Cabinet London Bloomberg Sources Jake Berry Miss Bloomberg West France Khun House of Representatives New York Washington Shanghai
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:10 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"This is Bloomberg Daybreak here it for this Monday, October 26th in London coming up this hour cutting. Currently, government consider slashing self isolation just a week to ensure compliance on Brexit. Talks are extended to Wednesday as hopes grow for a deal. A new stimulus package stays elusive as Democrats in the White House accuse each other of moving the goalposts. U. S futures and Asian stocks retreat. The World Health Organisation sees a dangerous moment is virus cases surge in Europe in the US French daily cases go over 50,000 and British Special Forces Storm a tanker in the channel to end a suspected hijacking. I'm the Ant Garance with World news. And China's top party leaders meet to hammer out a new five year plan that could move away from GDP growth as the target that's all straight ahead on Bloomberg. Daybreak Europe on maybe digital radio London Bloomberg 11th. Rio, New York, But 99 1, Washington, DC Bloomberg 1061. Boston 9 60, San Francisco. Serious exam China 1 19. And around the world on Bloomberg radio dot com and fired the Bloomberg business APP. Very good morning from London. I'm Roger hearing you're listening to daybreak. Europe live on London, Maybe digital radio. Interesting, beginning to the week. UK government under a lot of pressure to do with how it deals with the virus, Whether it's from a free school meals under a little pressure from its own backbenches to try and turn around on that. Also this prospect of Brexit talks going on till Wednesday, prospects of a deal seemed to be Moving into fake a small so interesting story over the weekend about changing the rules on quarantine down from two weeks to 10 days, possibly even just two a week on a solid question. Would it perhaps exempt some people from the city who are flying in to make deals and sure that would get on terribly well right across the country, But we'll be talking about all that in the program. Also, of course, this big meeting in China. Today off the plane in which to the sides. China's feature direction economically on some extent politically will be digging into that as well. But let me bring you up to speed on what's happening on the markets this Monday morning there US equity futures very much starting the week on the back foot as a stimulus deal in the U. S remains fairly illusive on Corona virus infections, of course, surging as well. So that's one of the factors involved. The hang sang close to their course with Hong Kong has got a public holiday, but the topics Is down half of 1% Nicky actually pretty flat 300 down half of 1% the Shanghai Calm down 7/10 of 1%. And if we look to the European opening later stocks 50 futures down. Also 8/10 of 1% German features at 1.2% this morning, you sutures. Also, as I mentioned in the Red S and P 500, half of 1%. Down down 6/10 of 1% NASDAQ Down Full Attempts of 1% if we look into the bond space, US tenure benchmark Treasuries on 81 Basis point handle this morning. That's Kneeled down. In fact, Teo basis points. The dollar is stronger by T tens of 1% this morning on the Bloomberg dollar spot Index. The pound is weak about 1/10 of 1% on cable 1.302 for oil under a little bit of more pressure, in fact, was smaller. Down almost 2% $39.1 a barrel Brent down 1.8% $41.1 a barrel. It's a quick look of what's happening across the market this morning. Let's now go to our em live interview in Singapore. Where Mark Cranfield, the markets live team joins us very good morning to you, Mark now risk off tone. As I was saying, there does seem to be dominating. The markets as we begin the weak. How much offices down through the that US stimulus deal being pretty elusive and also cause the headline about the surging global Corona virus infections. What's really driving it? Good morning. I think probably a bit of both. There would have been a pretty high bar for markets to start the week on a positive tone. Anyway, we've only just over a week ahead to the U. S elections and people are asleep. Really concerned about what the outcome from that will be, especially now, some of the betting markets are suggesting that the Senate race in particular will be a lot closer than maybe would have bean before so more about your collection was already Warning or market Essentially, then you throw it in. Particularly deterioration in the virus situation. The World Organization saying that northern atmosphere is facing a very dangerous moment of countries hit record numbers for the virus infection, so that certainly is not helping at all that the stimulus was pushed back again. Is another matters were also given that we are that close to a major decision for financial markets. People would've already got their positions in place that certainly Is not a strong reason for them to deviate much from that, so it's going to be a pretty tricky week. Pretty nervous one as well. And today is a very good example that people don't want to take too much risk of November, the third Yet you can understand, I guess why there is that nervousness Mark, Thanks So much for being with us. Mark ran a field then for real time market commentary and analysis. Check out markets life ml ivy on your terminal. Now, let's get our stories where we begin with the virus here in the UK is the government's looking at reducing the length of time people have to self isolate if they've been in contact with a positive cases reported Could be cut seven or even 10 days instead of the current 14. The Northern Ireland secretary Brandon Lewis has admitted his teams are considering him. This will be scientifically late. We're learning more about the virus. Every single diets is still relatively new virus in terms of Disease and, as we learned of the scientists were able to gauge is we can look at whether we're able to re assess that we're not ready to make a final decision announcement on that yet. Brandon Lewis there when it comes amid evidence of poor compliance with Britain's quarantine rules, a King's college London study of 30,000 people only 10.9% actually state of home and isolated for the full two weeks after being contact traced The trade talks between the UK and the U have been extended until Wednesday this week as Bloomberg's Charles Capel explains the governments now indicating optimism at achieving a deal. Use. Chief negotiator Michelle Bonner will remain in London to continue the intensive talks. That's according to a British government official, who asked not to be identified. Bonnie was due to leave on Sunday. It is the latest sign of optimism in the trade talks after they were officially halted earlier this month by UK Prime Minister Boris Johnson sighting on unwillingness from you to compromise. The negotiators have since agree toe work daily on DH over weekends to achieve a legal document. Northern Ireland Secretary Brandon Lewis said on Sunday that Bonnie is staying in London was hopefully a very good sign. And that there is a good chance a deal can be reached. But he says Thie, you has to understand they must also compromise in London, Charles capable Bloomberg Day right Europe. Meanwhile, the Bank of England said to be considering plans to allow banks to restart dividend payments next year. That's according to the Times, which says it requirements include capital ratio is not dropping below and agreed floor and that lenders continue to extend credit. Bank of England and commercial banks are said to be in talks of resuming dividends off. Linda's expressed concern that the earlier policy had made them unattractive to visit it to investors. The Bank of England has declined to comment. Now let's turn to the US where the deadlock over stimulus on Capitol Hill seems to be continuing. Both the House of Representatives representatives, Speaker Nancy Pelosi and the White House are blaming the other for moving the goal posts in the talks. The White House chief of staff, Mark Meadows expect to CNN on Sunday. We don't even have the bill yet because Nancy Pelosi and she's coming up. I know she can speak to this, but we've continued to make offer after offer after offer, and Nancy continues to move the goal posts. For her part, Nancy Pelosi says the chamber may pass a pandemic relief plan this week, but the Republican led Senate may not act before the election. Out of China, where top policymakers are meeting this week behind closed doors from Monday until Thursday in Beijing. Bloomberg's Tom Mackenzie has the story. We may get more details on sheeting pings Jule circulation policy, which aims to reshape production to meet local demands. While continuing to open up markets. Officials may set a growth target for the next five years, with Morgan Stanley, saying China needs annual GDP of around 4.5% to achieve High income status by 2025 officials may also detail how they plan to have China lead on ki technologies like a I in quantum computing funding. Proposals for solar on wind energy will be in focus following China's pledged to be carbon neutral by 2060. Beijing Tom Mackenzie Bloomberg Daybreak Europe. I am in a news Coca Cola Europe's agrees to acquire the soft drink makers operations in.

Bloomberg US London China Europe UK London Bloomberg Speaker Nancy Pelosi Brandon Lewis Bank of England Mark White House Senate World Health Organisation Brexit Charles Capel Tom Mackenzie Beijing
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:40 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Coming up this hour drive by President Trump shows himself to supporters. His confusion grows about his medical picture. His doctors say he could leave hospital today, sparking gains in global stocks. Tough winter boys, Johnson warns that an angry public is going to face a bumpy ride to Christmas on the virus as officials reveal errors in infection counts. The chancellor addresses the virtual Tory conference later, Paris said. To be planning to close bars is virus cases. Surgeon Franz Many Armenia Azerbaijan conflict escalates after Rockets land near the very capital Baku, I'm beyond Garen's with World news on tense weeks for Brexit talks of top level discussions failed to on our key issues you chief negotiator meets the German chancellor today. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bluebird 99 1, Washington, DC Bloomberg 1061, Boston. Number 9 60, San Francisco Serious Exam China 1 19 and around the world on Bloomberg radio dot com and fired the Bloomberg Business Act. A very good morning from London. I'm Caroline and I'm rushing hearing and you're listening to daybreak. Europe live on London de Abe Digital radio allies. I think this morning, Caroline focused on Walter Reed Medical Center. President Trump. How is he? What is his medical condition? What happens next? Absolutely. I don't know whether you like me followed Absolutely every update over the weekend after President Trump was hospitalized on Friday on the picture of radius that the medical team at Walter Reed sounds upbeat compared to the comments from the White House's own physician. There is a conflict there. On Also conflict versus the heavy drugs that the president is being given usually often reserved for more serious covert 19 cases. The real question marks even at the same time. As we're perhaps expecting the present to be dish discharge from hospital this Monday. Well, that certainly seems to be what was moving markets this morning. Obviously will keep you up to speed throughout the program on all these developments, including what the medical things that he's taking actually mean what the significance is, but also here. Of course, I was a pretty grim weekend weather wise, but also in terms of the prospect. I think for dealing with the virus here. Boris Johnson himself talking About a very grim winter lead up to Christmas. I mean, the bouncy Boris doesn't seem to be there at all. Now. Absolutely downpours in London that puts paid to the idea of having your drink outside the pub. Doesn't it will be speaking to London's night czar joining us at 8:20 A.m. this morning as the industry faces severe challenges, right, Let me take you to the markets, though. Right now and take you through what is happening in terms ofthe stock market So futures actually are up this morning for the U. S. O s to be 500 features bounce high 6/10 of 1%, the NASDAQ 100 up by 9/10 of 1% because of this possibility that President Trump may get out of hospital as early as Monday. We've also seen that shares have jumped in Japan, Hong Kong and Australia, although actually volumes fairly Light in Australia because of a holiday there. Market volatility jumped on Friday because of the president's authorisation on indeed, this morning, the first thing to open up was thie F X space at the first sort of reaction that we got there. There was a lot of focus on what the currency markets we didn't knew deep. The Blue Book Dollar Spot Index has pulled back by 1/10 of 1% this morning. Much focus on the Japanese yen on the Aussie dollar on the havens. The Japanese yen retreats by quarter of 1% 1. Five spot 56 this morning. Also, after with the cool between boys, Johnson evolved a line about Brexit. The pound this morning is flat 1 29 39, but it was To mix self to that cool. As for the oil markets, we see again Also pairing some of Friday's crude futures are up by 2.4% $37.94 banquet of $40.09 on in terms of the bond markets right now, US yields trading at 70 basis point, so just a little bit high in terms of years. That is a look at the markets. Roger Right. Let's go straight to our top stories and a member of President Trump's medical team says he could be released from hospital as early as today. Trump briefly left Walter Reed Hospital in the car to greet supporters who had gathered outside Is the White House National Security advisor Robert O'Brien, giving an update on the president's condition. Yesterday. I spoke with the chief of staff before coming.

President Trump president Boris Johnson Bloomberg Walter Reed Medical Center London Walter Reed Europe London Bloomberg Caroline chancellor London de Abe Digital Roger Right Paris Baku chief of staff Rockets White House
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:26 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Story and peace plan a rebellion on oversight of the new pandemic restrictions on US stimulus back on the agenda as Democrats work on a new $2.4 trillion proposal to spur talks. Stocks in Asia rise with European and U. S futures record numbers of new virus cases in the UK and France is global death approach a million and Republicans pushed back on President Trump's suggestion there may not be an orderly transfer of power after the November election. I'm the Aunt Karen's with World News on Directions in retail Review finds unacceptable issues in Muju supply chain while LVMH Tiffany push ahead with a court clash that's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99 1, Washington, DC Bloomberg 1061, Boston. Number 9 60, San Francisco Cirrus X N. China 1 19 and around the world on Bloomberg radio dot com and fired the Bloomberg business APP. Very good morning from London. I brought your hearing. And I'm Caroline had a warm welcome to the program this morning. Roger. Lots of reaction to me. She soon at the chancellor yesterday, Will the new job scheme prevent mass unemployment there? Goldman Sachs, seeing the jobless rate sparking to 9%. That would be more than double the current level. I think there's going to be a lot of talk about skills. Did you know that the Says that more than a quarter of working age adults in the UK have low levels of literacy or numeracy is going to be a big issue. Well, of course, education has been at the focus of a lot of this. I mean, who knows what may have happened as a result of all the issues with schooling during the virus crisis, which, of course, will reap the benefits or otherwise off in a few years time, So that's definitely an issue. The other big issue I think around this morning is to talk about Further stimulus in the US trillions being thrown around US numbers, But will anything actually happened before the November election? Now that's a key question, and we'll get into all of that in a moment, But first of all, let's take you to the markets minute into European trading Stocks 600 out by 2/10 of 1% pretty feeble start, I'd say Xetra, Dax down by 10th of 1% Cat Count down by 3/10 of 1%. That's obviously because a lot of us are worried about the spike in Corona virus cases across Europe this Friday morning. As for the bond markets that we have a couple of PCB speakers a bit later, so we've got Villa Boy and costs. Speaking today, Germany is that negative 50 basis points not moving much little Italian BTP is at 87 basis points 66 paces once for US benchmark yields. More interesting leaper has a big dollars for index is weak 1/10 of 1%. China's bonds are going to be included, Importantly in the 50 Russell benchmark of global bond indexes as of October next year, So that's a n'importe one coming out of China this morning. Theon moved on that earlier, but not so much Now. 6.8267 is where we sit unchanged for the U. N. As for gold and oil this morning, gold up 2/10 of 1% Brent crude is also gaining just 1/10 of 1%. But, yeah, Freddie, lackluster I'd set the start of European trading was right. Well, let's have a look at what the stock started Watch this morning with Bloomberg's Yuan. Potsie joins us. Good morning to you. Now, let's kick off with that Bloomberg scoop on the French bank, Credit Agricole. Looking for takeover targets in Italy. What's going on morning Roger could will be set for a wave off consolidation in European banking following on from that big tie up on the way in Spain. Bloomberg understand that France's second biggest lender, Kirti Agricole, is shopping for acquisition in Italy, who doesn't like to go shopping in Italy. Now the bank is discussed perches off small and medium sized banks in the country. Essential targets include Banco ppm as well as Correval. We understand they've bean I opportunities with advisors in Italy since the beginning of the year, but I sense our nation's put on hold, while the unsurprising as thie pandemic ravaged economies. And that, of course, that surge in loan loss provision shares in the two possible targets, so he reacted to the news late yesterday on DH could add coal shares just up touch this morning. Yeah, well, it's took Teo about. Ah, very big issue here in the U. K calls of scandal. Many people remember about sweatshops in a Lester involving it seemed the clothes retailer Boo hoo. Significant issues have been found in the supply chain according to their own review. So what's the effect? Yeah. The the company launched an independent review the deputy chairman of who says that some parts of the port make for uncomfortable reading. Now, the reporters found that garments contractors had significance on unacceptable issues and labor conditions. This is according to the independent review into the supply chain. As you say This was based on a newspaper report back earlier in the summer that we reported on here on Bloomberg, particularly editions in the Western. What hit the headlines, people being paid as it was £3.50 an hour to produce closed for Booth. Boo hoo. The minimum wage, of course in the UK upwards of £8. Now this set review seems to have found that some problems on Boucher is expected to open to the downside a bit later on this morning. Yeah, I'm not seeing them opening yet right now. But let's also talk airlines because Helen's been Hardy obviously more details their own wizard's plans for the winter season. Yeah. Quick update for you from Eastern Europe's biggest budget airline. Remember that wizard has been one of the more aggressive airlines in reopening roots and indeed talking about expanding in some parts of Europe. But the company says today that is to operate at 50% off capacity in October, and it says it won't increase classy further through the winter season. Should the current restrictions remain in place cause lots of talk about a second wave. Off infections in Europe and more restrictions coming into place earlier. The business has said that capacity is like to remain at around 60 percents during the third quarter, but they're now saying that protecting the balance sheet is the priority. Was their shares. Not exactly flying this morning, Down 2.2%. Well, actually, thanks. We can we can update you on the Boo hoo shares now which have now opened around 18% up this morning. It seems on the opening will keep you posted on that one. You and thanks so much. You're in pots there, joining us with stocks to watch this one. How can it take you to our top stories now? And we begin with that fallout from Rishi soon acts big economic announcement yesterday. So business here has largely welcome the government's extension of the cut in Theeighty with the C B I saying that the plan will save hundreds of thousands a viable jobs the federation British Industry. Others, though, are more critical warning that the job support scheme is more expensive for employers and the schemes in Germany in France, on which it was modeled. Well under the scheme, the government's gonna help top up workers wages with employers to at least three quarters off their full time pay, but only stuff we can work. It is the third open all hours will be eligible for the scheme. Neighbors called the economic recovery plan too little and too late. Meanwhile, a threat of a rebellion actually amongst conservative MPs over a different issue virus regulations of Bloomberg Westminster, Sebastian Solid says that it comes amid growing on these that parliament is not being consulted. At least 40 stories about Bactine Amendment a review of the Corona Virus Act, and that's approaching the number of rebels that with opposition backing could defeat the government. It matters because the sweeping emergency powers to combat the pandemic come up for six monthly review.

Bloomberg Europe US UK London Bloomberg France Bloomberg Westminster Italy Germany Roger London Goldman Sachs Asia San Francisco Cirrus Boo hoo independent review Caroline
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:37 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Be considering extending crisis. Business loans not good enough. Many big banks failed to act on suspicious transactions, leaked documents show HSBC's shares fall to a 25 Year low on this on fears of pushback on expansion from China. US. Democratic candidate Joe Biden urges Republican senators not to bring in a new Supreme Court justice before the November election, and U. S Secretary of State Mike Pompeo attacks in Europe. Overstaying with what he calls the silly Iran deal. I'm beyond parents with World News on the U. S Judge blocks the wee chat ban, while Tic Tac's deal with Oracle gets backing from the White House, but now awaits Beijing's approval. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99. 1, Washington, DC Bloomberg 1061, Boston. Bloomberg 9, 60, San Francisco. Serious except China won 19 and around the world on Bloomberg radio dot com and fired the Bloomberg business at Good morning from London. I'm Caroline Hip. Kim and I brought your hearing A listening to daybreak. Europe live on London. Ta be digital radio. Caroline. You're back in the office, but a sense that normality they not be the future, at least in London for a little bit of the future. Yeah, It's so lovely actually, to see some of my team members in person. Yeah, the first day Glo back in the office. But of course, we're bracing for more restrictions in London because virus cases a soaring on the mayor of London wants to see tighter restrictions that tried to bring that under control. We'll hear Muchmore from the government on this later today. Roger. I think one of the key stories this morning is really around this international consortium of investigative journalists report Box ticking global banks may be firing off suspicious activity reports at a rate of knots but not always in a timely way. They say. It's not really making a difference when it comes a tackling. Global money laundering. I'm scratching my head of what about what the fallout from this? Maybe we're already seeing in terms of HSBC shares down the worst position since 1995 on DH. Other banks, of course, may may follow suit. There may be more issues as well be looking looking at this. And, of course, with the European opening, we may see the results in terms ofthe the shares themselves. You're absolutely right. Let me bring you up to speed with the markets. This hour s O. We have the Hang Seng Index down by one half percent, indeed, dragged down by the drop in thie. HSBC shares, which happened in Asia, but also they did take a hit in the European trading on Friday. Two is not just With the issues. Also the relationship with China that is at issue also the U. S. Dollar retreating down 2/10 of 1% on the Bloomberg dollar spot Index. The pound about his high 2/10 of 1% of US won 18 62. As for futures markets, they've been very much weaker. We're really looking for the next propeller in terms of The global markets now is that many features down half of 1% years so exclusive features slump 8/10 of 1% After we dropped 7/10 of 1% on Friday, Rising Corona virus cases across Europe demonstrations in Spain, for example, then in terms of other markets, cradle is weaker. 4/10 of 1% on public TV crew features gold slightly high and in the bond markets. Japan is actually closed today. The stock market is shot. USC is that 68 basis points right now for benchmark 10 years, Right Look, some of today's top stories. Now concerns are mounting that Britain may need a second lock down to stop the spread off the virus. Boris Johnson. Set to be told today that the nation is at a critical point in the pandemic. Health Secretary Matt Hancock spoke to the BBC's Andrew Marr about the restrictions being considered. If everybody follows the rules on DH does the self isolation If they need to follows the rule of six, which is really simple and clear on the basics, Hands face in space, then we can avoid. For the measures, But the alternative to that choice is that we will have to bring in Mohr action and we don't want to do that. But every single person has a part to play in this There are expectations local restrictions could be extended to London with LBC reporting that the mayor Sadiq Khan, will recommend tightening the rules today. Meanwhile, the Chancellor Vichy Soon Act has signalled that he could take further action to prevent a wave of job losses. That's according to the Financial Times..

Bloomberg London Europe HSBC China London Bloomberg Joe Biden Caroline Hip Mike Pompeo Supreme Court US Sadiq Khan Financial Times White House San Francisco Boris Johnson Andrew Marr Beijing
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:35 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"This is Bloomberg Radio. This has been a bad day break you for this Tuesday, the 15th of September in London Coming up this hour past the first hurdle with Johnson built change. The Brexit divorce faces growing opposition as it makes its way through parliament. Britain's latest jobless figures are out later you presses China for more opening to prove an investment deal is worth signing this year. Asian stocks drift and the yuan strengthens. Steer clear off the USS Cold War with China Foreign Secretary Dominic Rob's vision for Global Britain and J P. Morgan reveals work from home is hurt productivity. I'm Leanne Garen's with World News on Joe Cuts resume at Citigroup. After the pandemic pause in markets, the NASDAQ breaks its two day slide. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99 1, Washington, DC Bloomberg 1061, Boston Blueblood 9 60, San Francisco. Serious Exam China 1 19. And around the world on Bloomberg radio dot com and fired the Blue Book business APP. Good morning from London. I'm Caroline. Help care and I'm Roger hearing and you're listening to Daybreak. Europe live on London, D A V digital radio, and we have the debate in the Commons yesterday. Five hours on this new Divorce bill that the government or changes in the divorce procedure that the government wants to put through. They got through the first hurdle, No great surprise, but there's a lot more to come. Yeah, Rumblings of rebellion. Bloomberg's Stuart Wallace will be joining us to discuss a bit later on in the program, but also what do we get UK unemployment figures? I mean, they've largely been masked by the furlough, but we do think that the headline rate is expected to take up The issue, of course, is about the cliff edge. The end of the workers support scheme, and did you support the warning from the C E B been one doing about this home prices? They estimate that there's going to be in almost 14% drop it. UK home prices towards the end of this year next year. So pass the storm is coming Well, A lot of that, of course, is to do with the changes that the government did put it in terms of stamp duty. And what have you coming to an end? A feeling that this is a point where things will change drastically. The other thing that listen out for later on, we're going to talk to Cantor, their latest research on supermarkets using well, who's doing badly. Whether it'll still buying as much as we did now that we could go out and each at least theoretically. Yeah, absolutely. That into 8:30 a.m. with cantar. Right? Let me bring you up to speed with the markets. Then this morning s Asian stocks seem to be drifting. The Asia Pacific Index is up by 2/10 of 1%. We have a data dump from China largely beat Japan In terms of exes. They're they're down 4/10 of absent on the Nikkei 2 to 5 thesis, only warning about the PlayStation dragging down Japanese stocks and as that yesterday a flurry of deals It. Also sides of progress toward that Corona virus vaccine meant that the NASDAQ index jumped at 1.1 Point 9%. But having said that the future's thiss morning not looking quite so bright S O. The NASDAQ futures are actually up 4/10 of one, said S and P 500. Many features are 3/10 of one said, But Eurostoxx 50 features are down 2/10 of 1% this morning. In the effects pasty Offshore yuan, strengthening past 6.8 against the dollar for the first time since May 2019 That's after PBOC action in terms of injecting more liquidity into the markets. But investors were really also looking to the Fed watcher on Wednesday that will be key this week. US yields at 66 basis points drop a basis point on they just lastly, on the pound and breaks it have we actually hit maximum bearishness? That's really the question the pound gains 2/10 of 1% on cable 1 28 69 this morning. There's the market's right well, let's bring up the speed of summer top stories. Boris Johnson's Brexit Divorce bill has survived its first hurdle in parliament. With MPs voting in favor by 342 263. The proposed law would give the government powers to override parts off the withdrawal agreement with you. But critics, including a great number of Tory MPs say it risks damaging the UK by breaching international law. The prime minister, however, argued that it guarantees the economic and political integrity of the UK If negotiations on a future trade deal breakdown the YOU who suggested that it is willing to go to extreme unreasonable let's using the Northern Ireland protocol in a way that.

Bloomberg UK Bloomberg Radio London Boris Johnson London Bloomberg Europe China Britain Brexit US Leanne Garen Citigroup PBOC Roger San Francisco cantar
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"This is your big day break you for this Tuesday, the first of September in London. Coming up this hour dollars declines Global equities game for five months in a row and China's factory activity powers ahead. Germany slump may not be as bad as feared this year would get fresh forecast later and a raft of European PM I data JP Morgan sees the odds of a trump win Rising party due to violent U. S protests. And India's Corona virus cases. Spike Troops Clash one small on the border with China. I'm Leanne Parents with World news about 75,000,005 G iPhones for the autumn. Apple sees no let up in demand one soon video sores on surgeons. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99 1, Washington, DC Bloomberg 1061, Boston. Bloomberg 9, 60, San Francisco. Serious except China 1 19. And around the world on Bloomberg radio dot com and Fire the Bloomberg business APP. Very good morning from London. I'm Caroline. Head care and I manage many into by your listening today. Break your live from London and Dubai on GHB. Digital radio. You thought you'd see me off Carla, I'm so pleased to have you back about his credit been months since you've done a bit of radio with me. So I'm really pleased to have you As of course, we start trading here in Europe, and it's back to school back to the classroom back to Parliament this week. We had the bank holiday Monday. Yes. Hey, Now it's all about the start of September. Didn't we see a surgeon? Global stocks over the last five months has been an incredible run, including in Uruguay. August isn't usually a good month. It is not usual great for either emerging markets or for equities per se. But I think count and the one thing about it is it is that narrative of Jackson Hole, it shifted the dynamic average inflation targeting And it is it is helping the momentum. I think for me, it's what if the best SNP run in August up 7% in 34 years. Where was I? 30? I think that might have in 1986, and I might have been just starting Queen's University. Very good. Okay, So you want to the markets of point eyes? See, you've pointed that out, Everybody. Let's have a bit of a market check, then, shall we? Yeah, the US sort 600 actually buy half of 1% minus yes and European stocks. Caroline? Of course. I've had a cracking run in August. The best In since 2009 your stocks 50 at the moment is 30 to 95 up. 22 points. London trades Just live it lighter down 2/10 of 1% 59 51. On when it comes to US equity futures. Of course, it is the S and P. The NASDAQ and the technology components that were most focused on the SNP futures traded 35 08 up 2/10 of 1%. NASDAQ futures trading It 12 190.25 up another 6/10 of 1%. That's after the stock splits and record highs for Tesla. And for our part we see Apple ordering Mohr five g phones for the wintertime. So that's good news on that side to the bond market. US Treasuries trade at the moment of 50.70 in terms of yield to the Bundang Could we traded negative 0.40 for as Germany is expected, Caroline as you will note to upgrade the view on growth, Yes, is going to be bad, but just not as bad. As we had, perhaps originally expected, so I stayed to play on the markets, Bones and equities. Okay, let's get the latest in terms of what stocks to watch this morning, then devil bit deeper. Print Kit Reese joins us now down the line kit. Good morning. AstraZeneca. This is kind of the hopeful news, isn't it that actually we could get a Corona virus vaccine AstraZeneca starting there. Final stage trial over in the United States. Yes, And so after delicate looking to enroll as many as 30,000 adults for the trial. This is for the AstraZeneca's Shaft, which was invented by researchers at the University of Oxford. And there's also the final stage trial going on in the UK, so lots of hope it's bad, he say on the show is up 1% this morning outperforming the 5100. That's some good news. Okay. What about job cuts, though at BMW? It's US business. What's that doing to the share price? Yes, BMW is cutting the size of the U. S workforce. The comic had declined to say exactly how many jobs are being cuffed. The show's actually the up 1.3% on. I guess you know this is being seen as opposed to move in terms of cutting costs, a specs said That move is aimed aligning the business of current market conditions caused by that's endemic on BMWs joining pairs such as food in the US, which is also looking to cut salary job. Okay? And then Telecom Italia's selling a stake in its secondary grid to K chaos. Quite interesting move. Yeah, the shares of liking it up 1.4% this morning about performing other telecom pairs. So this is the first step in a government backed plan to create a single booed by network Italy on Go is the creation of a national broadband network, which compared the cost of running out of fibre grade on. It's also able to sort of bridging it least digital divide with other European countries. They are the first stuff on the market is liking the user. Yeah, that's interesting. Also sort of part of Italy's move. Prime Minister Picante Great to have you on the program. Chetry. Thank you so much for delving into what stocks to watch this morning manners..

US Bloomberg London China BMW Apple Europe London Bloomberg Germany Caroline JP Morgan India AstraZeneca Leanne Parents Italy University of Oxford SNP Telecom Italia Jackson Hole
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:07 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99 1, Washington, DC Bloomberg 1061. Boston. By 9 60, San Francisco Serious Exam China 1 19 and around the world on reberg radio dot com and fired the Bloomberg business out. Oh, good morning from London. I'm Caroline. Happier you'll instinctively Big day Break your life on London D a be digital radio. So it's the first of September back to classrooms for some 24,000 schools in England, also back to Parliament. Now we're expecting to hear About a new cabinet sexually, quite an unusual pick the former private sexual Prince William, who potentially become the UK stop civil servant today. Also, we get a raft of Pierre my data for you, which is going to be fairly crucial. Bloomberg economic See Spain is suffering one of the deepest recessions but perhaps things not quite so bad for Germany were expecting new forecast. Angela Merkel's government at 11 Am European time this morning on then do not forget about India. Worst GDP slump of any major economy cases of Corona virus soaring and then the clash on the Himalayan border with China looking like a really intractable problem. Eso India, I think also Should be top of mind for any listeners this morning that we take you, though First of all to the markets because it was has been a pretty extraordinary surge in terms of the actual market rally. So at the end of August, 5 months of gains, particularly the S and P. 500, for example, surging up 7% in August, the best August since 1986. Even Europe did well, when you August is usually Really terrible month for us here. We saw 2.9% gain for the U. S. Stocks 600. So the big question for the rest of autumn. Is that moment, Um, going to be sustained. The other big story, of course, is around the dollar. The meltdown quickens If anything this morning picked out a spot index weaker by 4/10 of 1% Right now on the euro, we are eyeing 1/20. Pretty crucial level the US spot prices stronger 4/10 of 1% 1 1991 is where we stand. As for thie features markets right now. European U. S stocks 50 futures up by 6/10 of 1% s A P 500 features also gaining, but only 1/10 of 1%. NASDAQ E many futures up by 4/10 of 1% after the knives that cost 12,000 Yesterday. As for the bond markets, US benchmark yields shifted 20 basis points in just a month. In August. We trade it 71 basis points this morning course European bond markets will open up in 30 minutes time. As for the rest of the markets give you a check of gold up 9/10 of 1% with Brent crude also up 9/10 of 1% of that is a quick round up of the markets, but I want to delve a bit deeper into the dollar story. Let's cross over live to Berlin with markets live Teen joins me this morning, Richard. The dollar continues to slide. What's driving the dip? Good morning. Caroline. Yeah, impeached this morning. Our M live team in Asia described the dollar meltdown is accelerating in early trading today and district said that the greenback was under heavy pressure in Asian time. In terms of the size and scope of the moves. The euros has hit its highest level versus the dollar since May, £2018 regained 1 34 handle for the first time since December. So big the question. Why is this happening? I can think of a couple of main reasons. First of all, I think it's no coins that the movement gains momentum in the past three training sessions. After that speech from Jane Powell, last week chairman chairman outlined a understand US Central Bank. With the F RST said. Let the U. S economy run hot, and I think this implies on entrenched lower for longer stats from the pet. What I think what I think this meeting is for the dollars. I think it should be interest rate differentials. Move against the greenback in the coming months. But I think that's a speech was pretty important because it's sort of cemented that lower for longer stands. I also think there's an element of politics peeking into the market close to pressing lately, and I think this includes the FX space. But I mean in the US now we're in the middle of an election campaign is very partisan, and I think what is sort of being lost in all of that is that there's probably not gonna be any additional fiscal assistance in any material way for the U. S economy in the coming months that the election is going to swamp all of that. If you compare that to Europe, there's a much more concern it effort to maintain the fiscal initiative going forward last week had Germany expending its job support program, and there's still the broad benefits of the European recovery program stick comment feet into the European economy. I think that's going to be positive for the year old. I think the contrast between what's happening in Europe and in the U. S proving to be negative for the dollar. I think it's a combination these fiscal and monetary policy factors weighing on the dollar and lifting the euro and I think that this probably has legs to continue well into the army. Very interesting. What went about 60 days out from the U. S presidential elections. So I get the politics is seeping in. Richard. Thanks So much for being with me for explaining unpacking the dollar story. Richard Jones there full time market commentary and analysis. Check out markets life ml. I've only your Bloomberg terminal to get that function. Take you to our top stories, then this morning and continue With the picture in Europe in Germany. The expectation is that the economic impact from covert 19 will be smaller than initially estimated. That's according to a person familiar with the matter. They say that activity in Europe's biggest economy has staged a rebound after collapsing in the second quarter. Bloomberg's Andrew Blackman has more on today's government forecast. Germany's government is expected to announce today that the fallout for the pandemic will be smaller than expected this year..

Bloomberg Europe US Germany London Bloomberg Richard Jones London Boston Angela Merkel China Prince William San Francisco New York England Eso India Parliament India UK Andrew Blackman
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:59 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Daybreak Europe for this Friday, August the 28th in loved coming up this hour. Our base stands down. Japan's prime minister plans to resign for health reasons. He speaks at nine AM UK time. Treasury yields jump on the curve. Stevens after the Fed chair, Jerome Powell says there'll be a more relaxed take on inflation tax cuts millions of new jobs President Trump's promised as he accept the Republican nomination for November's vote in a new term is president. We will again build the greatest economy in history quickly returning to full employment. Soaring incomes and record prosperity. Paris Makes mask Wearing compulsory wild Peru becomes the world's deadliest virus, heart spot and Louisiana faces up to the destruction left by Hurricane Laura. I'm Sandra Kill helpful 12 news and back to work. Boris Johnson of the Health secretary on different tracks about getting back to the office. That's all straight ahead on Bloomberg. Daybreak Europe. On the digital radio London Bloomberg 11th, Rio, New York Bloomberg, 99, 1, Washington, DC Greenberg, 1061, Boston. Bloomberg 9, 60, San Francisco, Sirius X N. China 1, 19 and around the world on Freeburg radio dot com. ENVIRON Bloomberg business out Avery. Good morning from a rather damp London. I'm Roger hearing. You're listening to daybreak. Europe live on London. The digital radio Very happy Friday to you big stories coming up. We're going to hear from Shinzo are by the Japanese prime minister. We expect announcing his resignation, and that's coming up in just under an hour from now. London time. Big big development clearly on the that because she has been the longest serving Japanese prime minister calls market still absorbing what Jerome Powell had to say the Jackson Hole virtual symposium about inflation and employment and how that's going to affect things. We'll talk about that as well. And of course, has been the speech from Donald Trump at the or the closing off the Republican National Convention as Thie race for November to the White House gets underway fully after the RNC this weekend course the Democratic version last week, Right, Let's bring you up to speed with some of the data, which we check every 15 minutes here on the terminal and on the radio every 15 minutes during the trading day on DH first just to say that in terms over Japanese shares in response to the news From Tokyo. The topics closed down 6/10 of 1% Nick a closed down 1.4% right now. Europe just opened. Of course, Stock 600 eyes up 1/10 of 1% footsie 105 10th of 1%. The CAC Up to tens of 1% the Dax the same the IBEX at 4/10 of 1% on the foot. See, move up. Always 6/10 of 1% of the green on the screen there in terms ofthe U. S. Futures s and P 504 10th of 1% Doubt 5/10 of 1% NASDAQ up to tens of 1% both the NASDAQ and the S and P 500 hits another record, of course, yesterday what seems to a week of records? A lot of attention on the bond market in terms of US 10 year Treasuries because the 77 basis point handlers where we find there, that's up to basis points on the yield, so clearly a bit of movement coming there, based on what your own power had to say in the steep the yield curve steeping dramatically in the last few hours. Also in terms of the dollar. Bloomberg Dollar Sport index is that the dollar is weaker by half of 1% this morning. Ah looking Tio cable. The pound is stronger by half of 1% 1.3271 also given all idea I on oil because of what's been happening in the Gulf with the hurricane hit 40.9. $4 the barrel that sir down 2/10 of 1% Brent also down 1/10 of 1% $45.5 a balance quickly call what's been happening on markets this morning. Now let's go into stocks to watch with you and pots from bring those imports joining us in our London studios. Now you and first up health care on the agriculture Johns. Bear in the news again. Tell us more. Colorado. Yes, it's being a troublesome few years for bio after the acquisition off agriculture chart Monsanto remember this is all about the Roundup. Weed killer Plenty ofthe controversy of plenty of allegations that weed killer is carcinogenic. Remember the company by a settle this $11 billion deal in the U. S. Over a number of lawsuits over the round up, We could have that could be in jeopardy today. Ah, U. S District judge says during hearing that he's concerned that buyer has manipulated his words assessment process. By those says it remains optimistic about the finalization off the deal, so this becomes undone. This would be a pretty bad news for bio. So far. The shares take it somewhat in their stride down 7/10 of 1% so far this morning. Yeah, bring it close to home. We know the newspapers have been in a bit of an issue in terms of this current crisis, but there's been an analyst price cut for the Daily Mail General Trust. The owner of the world's biggest news website Mail online, Of course, the Daily Mail newspaper here in the UK Dame Ellen General Price Target being Load By Baron Burg 2 770 pence from 800 on 50 pence. The analysts saying that he reckons, and recent pause in new business Onda slow return to normal levels will would lead to a reduced Top line growth over the next It's world 24 months ago. Lots of advertising trouble across the sex PPP, saying yesterday that advertising could be much lower in the latest quarter and of course, newspapers. Advertising businesses have bean falling for many years anyway. But on a positive note banned book says that Dame L's market needing brands will help it. Outperform its segments that email of general trust shares up just on the 2% so far this morning on DH. I know you're a big fan of meat, pasties, you and Greg's bit of trouble there. We've heard about soldier having issues. People not coming back into the city and going out and having their lunch and stuff. What's happening, Greggs? Certainly partial to a pastor Roger as you say, Greg said. EPO in Leeds has reportedly being forced to shots after a Corona virus outbreak there earlier in the pandemic. Plenty of meat packing plants in the U. S. And in Europe had to shut down a lot of people working in very close proximity. It's a dream for a virus to spread, but not so good. If you're trying to correct if your time Tio contain Covic 19 that several factories across the UK have seen recent outbreaks, according Tio, Greg's spokesperson. Fewer than 20 people have bean affected at the plant in Leeds, but it's being temporarily flows for a deep clean After the Kobe outbreak breaks shares this morning down just around 1%. Alright, you and thanks very much indeed. We'll leave you to go from Enjoy your Pressley. You on pots? They're giving us stocks toe Watch this morning. Now let's get you up top stories. We begin..

Europe Bloomberg UK London Donald Trump Jerome Powell Greg London Bloomberg Roger ENVIRON Bloomberg prime minister president Boris Johnson Fed Japan Leeds Gulf Stevens
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:17 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"Resign for health reasons. He speaks at nine AM UK time. Treasury yields jump on the curve steepens after the Fed chair Jerome Powell says there'll be a more relaxed take on inflation. Tax cuts millions of new jobs President Trump's promised as he accept the Republican nomination for November's vote in a new term is president, We will again build the greatest economy in history, quickly returning to full employment, soaring incomes and record prosperity. Paris makes mask wearing compulsory wild Peru becomes the world's deadliest virus Hot spot and Louisiana faces up to the destruction left by Hurricane Laura. I'm Sandra kill half with 12 news and back to work, Boris Johnson of the Health secretary on different tracks about getting back to the office. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11th, Rio, New York Bloomberg 99. 1, Washington, DC Greenberg, 1061, Boston Bloomberg 90. 60, San Francisco, Sirius X N. China 1 19 and around the world on Freeburg radio dot com and fired the Bloomberg business. Avery. Good morning from London. I'm Roger hearing and you're listening. Tio. Daybreak Europe live on London de Abe Digital radio, where we check the markets every 50 minutes during the trading day, and right now, the big impact in Japan as a cool spin that upcoming announcement we're expecting from Shinzo are babies standing down. As the longest serving prime minister in Japan's history, big speculation as to whether of course, he will continue. His successor will continue with the policies that he's made very much his own AIBA nomics amongst them. Of course, we're seeing the reaction on the topics down 8/10 of 1% Nikkei Down 1.4% elsewhere in Asia markets a reasonably buoyant in fact, Hank's thing at 1.6%. 302% on the Shanghai compound, 1.2% also in terms of Europe, just an hour away from the European opening stocks, 50 futures 4/10 of 1% German futures the same and French features up a quarter of 1% also green on the screen in the U. S. Futures S and P 500 half of 1%. The Dow up 6/10 of 1%, the NASDAQ Up 3/10 of 1%, the NASDAQ and the S and P 500, Of course, hitting fresh records yesterday sinks within a week of records on Wall Street, generally also keeping an eye, of course on the bond market. In the aftermath of Jerome Powell's speech, Jackson hold a virtual Jackson Hole symposium. Talking about the ways in which inflation would now be calculated, didn't kind of relaxing also about the impact off employment in those sort of terms right now the U. S tenure benchmark treasures on the 77th basis point. Handle that sub Yield up O ver to basis points. The dollar also weaker this morning 4/10 of 1% on the Bloomberg dollar spot Index on in terms of cable, the pound stronger by almost half of 1% this morning with 1.3265 on cable on also cause still keeping an eye on the oil situation following the impact ofthe Hurricane Laura on the U. S Gulf Coast, $43.5 the barracks, you know much move right now. Brent also absolutely flat $45.1 balance a quick look at what's happening on the market this morning. Now, let's have a look at some off our top stories and the big story, of course, the breaking news broadcaster N. H K reporting that Prime Minister Shinzo Abe plans to resign for health reasons to hospital visits. This month fuelled speculation the nation's longest serving prime minister might step down. But as I said schedule this week in a news conference at 9 A.m. London time, Of course, we'll bring you full coverage throughout the morning off that breaking story. The world in the U. S. As I was mentioning the basic check. The Treasury yield curve has Stephen to the widest in two months after jury In Powell's remarks at Jackson Hole Symposium, the Fed chair unveiled plans that inflation and employment run hyah! A shift that is likely to keep interest rates low for years to come. He is Powell speaking to the feds New strategy. Our new statement indicates that we will seek to achieve inflation that averages 2% over time, therefore following periods when inflation has running below 2% Appropriate monetary policy will likely aimed to achieve inflation moderately above 2% for some time. In his speech power also downplayed concerns that low unemployment causes excess inflation. Meanwhile, here in Britain, Boris Johnson's going to lead a major drive to persuade people to return to their workplaces. One schools in England reopen next week. That's according to the Daily Telegraph. The goal is to give a vital boost to city centers on DH to the economy. But the health secretary Matt Hancock, sent a very different message on Thursday. He said he's not concerned about whether his officials work from home or not, And that is much closer to the position of many large employers who've been cautious about telling staff to come back to work. But it is another sign of what seems to be mixed messages coming from the government. But that threat to city center businesses from A failure ofthe employees to return to them was made extremely clear on Thursday when the sandwich chain Malaysia announced job cuts in its stores. Bloomberg's China Hawkins has the details. Greta Bonjour cut 2800 jobs in UK shops or nearly a third of its workforce, the latest sign that the pandemic is damaging the retail industry. Cells that British stores have fallen about 60% from last year's levels, honor now roughly at the same level as in August 2010 in London, Sean Hawkins, Bloomberg Daybreak, Europe. When it comes to Britain's exit from the government started to conduct research on its new post Brexit customs system. Now remember, Cos exporting into the European Union is gonna have to wait for permission from tax authorities before they can move their goods. But the fact that the system for giving that permission is still in the research and design phase. It's the 90 working days before it's ju is something of a concern and similarly concerning the chance Institute off procurement and supply, or GPS, says many companies are not prepared for Brexit. Because.

Bloomberg Jerome Powell Europe London prime minister Boris Johnson Hurricane Laura Fed London Bloomberg Bloomberg Daybreak UK Boston Bloomberg secretary Britain president London de Abe Digital AIBA European Union Japan Daily Telegraph
"london bloomberg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:25 min | 1 year ago

"london bloomberg" Discussed on Bloomberg Radio New York

"This is Bloomberg. Daybreak Europe for this Monday, August 24th in London coming up this hour. Asian stocks rise on Signs of US China tensions easing on U. S authorities clear plasma virus treatment virus cases flare in Europe led by Italy on New Zealand's biggest city, Auckland extends its lock down for another week huge anti government protests and Belarus Despite the president's threats of the U. S. The Republicans begin the virtual convention ahead of November's vote. I'm beyond Garance with World News and here, the prime minister issues of pleads of parents to send their Children back to the classroom when schools reopen. That's all straight ahead on Bloomberg. Daybreak Europe on the digital radio London Bloomberg 11 3 own New York Bloomberg 99. 1, Washington, DC Bloomberg 1061, Boston. Bloomberg, 9, 60, San Francisco. Serious exam channel 1 19 and around the world on Bloomberg radio dot com and fired the bullet business at Avery. Good morning from London. I brought your hearing. And I'm never change. It's good morning, everyone at 601 a M in London seven or one of your listening in a Paris, Frankfurt or Brussels. I'm just back from Paris. Roger. Great week. There lot of masks back with you. On the show. Well, yes, indeed. Of course you are in lock down. We shouldn't ignore that fact that you are broadcasting from your, um your quarantine and great to have you all that I am indeed I'm sitting on a cushion on the floor in my living room. So all the glamour of radio Yes. City Well, anyway, looks coming up on the program. Today, We'll be keeping an eye on what's going on the market. But this seems to be an element of perhaps optimism based on what seems to be a little bit of easing between China and the U. S. Of course this week there. We've got Jackson Hole. We're gonna hear what the central bankers think. Yeah, absolutely. For the bond markets are that will very much be a focus but looking toe equities in Asia. We're seeing gains of 5/10 of a percent broadly on at the C. I A specific index that we've seen. Hong Kong shares climbed more than 1%, helped by a rally. In 10 Cent. So basically, people familiar with the matter have said that Trump's team is privately seeking to reassure US cos they can still do business with the wheat chat messaging APP in China. As you say, Roger that's given a little bit of a broad left to risk assets looking at US and European futures. You're seeing some green on the screen S and P E. Many's up a quarter of a percentage point. NASDAQ futures lead up 4/10 of a percent. Our future's up three tents for percent. Eurostoxx 50 futures higher by 6/10 of a percent of seeing some green there. Despite the challenges in Europe with the virus resurgence, footsie 100 futures up four tents for percent. It's a big week for Rishi soon AC as well in terms of guidance that we might get on the furlough. He's under pressure taking a look at the 10 Year Treasury yield. S so basically, Treasuries have regained momentum. 10 year yields coming off their biggest weekly drop since early June, right now a steady on a 60 to handle on the 10 year Treasury yield. We await the European Bond market opened at 7 A.m.. Of course, in terms of the dollar. We did see some dollar strength on Friday. We're just about holding on to that looking at the Bloomberg Dollar index that's really holding onto gains from Friday but not doing a whole lot in terms of G 10. You're seeing a bit of a mixed picture. Norwegian krone, Canadian dollar So commodity currencies leading the rally but the Kiwi dollar underperforming along with the Swiss franc and taking a quick check on commodities fairly steady, 42 29, Brent a. 44 32 Roger Right, Let's go to our top stories. Now Boris Johnson's directly appeal to parents to send their Children back to the classroom. Bloomberg's Max Ramsey says the prime minister's party comes a school's plan to reopen in England next week. Students in England was sent home in the chaos of Corona virus in mid March, and those whose parents weren't key workers have not been back since Now. Boris Johnson is making a personal plea for parents to send their kids back. When schools reopen in September, he said, the risk of Children getting the virus was very small and then it would be more damaging to their development, health and well being to be away from school any longer. The prime minister was criticized for going on holiday during a crisis over exam results. He's now reasserting his grip over education messaging in the place of his beleaguered education Secretary Gavin Williamson in London. Max Ramsey. Bloomberg Daybreak Europe. Now, as I was just saying the chancellor Richie Cernak is coming under huge pressure from businesses. He decides whether millions of workers living off government aid should soon begin fending for themselves. The photo scheme is due to come to an end in October. But groups including the Confederation of British Industry, and the Institute of Directors have warned of a big rise in unemployment. If that happens, it's also been reported over the weekend that sooner and the prime minister have clashed over Treasury plans to remove Triple lock guarantees on state pensions as a way of easing government spending. Boris Johnson is said to oppose the idea. Coronaviruses back in focus in Europe as the number of cases climbed to levels we haven't seen since late April early May, Bloomberg's Maria Today reports Spain is fast becoming the epicenter for cooling 19. At this point, the government is under huge pressure to declare the state of emergency. Meanwhile, in Italy, the health minister said there won't be a need for a new lock down and insisted that schools will open in September. That is still, however, the biggest question mark facing Europe. As the school year is set to start in just two weeks time in Brussels, Maria today remember Deborah Europe? And meanwhile, the European Union's top trade negotiator, Phil Hogan, is fighting to keep his job. That's after attending a golf society dinner in island during the pandemic. He's apologized for the laps. That came a day after the Irish government said no events should be organized in cafes and restaurants. Hogan has a key role in trade talks with the U. S and the U. K. In the U. S. President Trump's welcomed a Corona virus treatment involves blood plasma from recovered patients, saying it's going to be expanded to more suffers after the FDA approved its use. Through this study over 100,000. Americans have already enrolled to receive this treatment, and it has proven to reduce mortality by 35%. Meanwhile, the Trump administration said to be considering whether to bypass US regulators standards to fast track an experimental vaccine from the UK for use in America ahead off the presidential election in November. That's according to Financial Times, which cites three unnamed people briefed on the plan. TIC TAC plans to file a lawsuit against the Trump administration. That's to challenge its executive order banning transactions with the video up in the US, the firm says it's strongly disagrees with the concerns raised by the president, President Donald Trump has given owner Bike dance an ultimatum. Either leave the U. S or sell its operations in the country on the White House is reassuring US companies They can still work with 10 cents. We chat messaging app in China. Even if President Trump follows through with a band in the U. S. Senior officials have spoken to Apple and others amid concerns that a pan would devastate communications for American business is working on the mainland. Apple could be worst hit is about 1/5 of its sales come through China. Those your top stories for the latest in global news. He's Bloomberg's Leon Garen's highly on.

Bloomberg Europe US China prime minister London London Bloomberg Roger Right Boris Johnson president President Donald Trump Italy Brussels Phil Hogan Trump San Francisco Paris Auckland Maria Today
Trump slams EU over $5 billion fine on Google

BTV Simulcast

03:57 min | 4 years ago

Trump slams EU over $5 billion fine on Google

"How the southeast Asian. Ride hailing giant went from taking out Uber to taking on tencent And Zuckerberg backtracks a Facebook CEO's comments on holocaust deniers has people once again debating free speech on the social network Prefers to our top story, President, Trump is weighing. In on the record antitrust find the EU slapped on Google the president took to Twitter saying quote. I told you so the European Union just, slapped a five billion dollar fine on one of our great companies Google they truly have taken advantage, of the US but not for long Google CEO, Sundar Pichai responded to Wednesday's fine in a blog post saying this decision rejects the business model? That supports Android which has created. More toys for everyone not less we intend. To appeal joining us now from London. Bloomberg Caroline Hyde and with us, here, in San Francisco Bloomberg texmart Bergen who covers all things Google and alphabet so Mark what do you make of these. Remarks from President Trump is this about America, first or Europe last Interpreted say as indication of Trump's policies an antitrust. There were some after the EU fine there was some sense that this is perhaps I've been calls to have the. DOJ, the FTC fight, similar cases this seems to be a little less calculated than that largely around his. Opinions about Europe and tariffs and escalating tension is interesting that, that oracle, and NewsCorp who, had been to the. Largest complainants against Google the European Union have strong ties to the White House and have, been known to lobby so clearly out of there not being, effective and sort of their anti Google lobbying or, something else is a player now according. To politico. Caroline Trump has claimed that Margaret vests dire the competition Commissioner, hates the United States and in a g. Seven meeting with the European Commission chief, he said the. President said, reportedly your tax lady she really hates the US now in the press conference Carolina that you? Attended Margaret vest I r- responded to what the president reportedly said. Here take a listen I've done my own fact checking on, the first, part of that, Simpson's I do work. With tax and I am a woman so this is one hundred percent correct This is not correct for. The latter part of the sentence though Because I very much like the US Caroline was the EU prepared for this kind, of backlash from the United States, and perhaps directly from the president I think she was I mean she refrained yourself from saying, fake news but generally this is the woman who has, had plenty of criticism that she gets US successful companies some claim that she does this to in some. Way but you report on a on, a fair footing or indeed push back the dominance of these. US, companies but when I asked a direct me let are you expecting any sort of criticism from Donald Trump he she dodged that question trying to focus on the similarities trying to. Focus in on on the fact that, they have shed views in, terms of really the the customer comes first what she is saying is that no she doesn't in. Any way have an, issue with dominance of Google in the EU as long as they play by the rules that's her. Key takeaway, but she felt they've had an eagle behavior and that's why they. Face this five billion dollar fine but overall I think she had been prepared for some sort of a critique she said these not have personal feelings as to why she has gone off the Google This is not a mall mission is what she particularly said in that press conference as well. She's saying, this is because they broke the rules but I think she did. Obviously anticipate amid this era of political tension that this would antagonist number one Donald Trump Mark reaction from Google on, this yet Publicly News for. Them it's weird news for for the best two..

Google Caroline Trump President Trump United States European Union Donald Trump CEO Bloomberg Caroline Hyde Europe Margaret Sundar Pichai Twitter Tencent London Facebook DOJ European Commission Oracle