19 Burst results for "London Sebastian"

"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:59 min | 1 year ago

"london sebastian" Discussed on Bloomberg Radio New York

"Dot com slash why I'd be in stocks are fluctuating as we close out the final trading day of the week it is six a one on Wall Street which check the markets every fifteen minutes throughout the trading day on Bloomberg S. and P. futures are up two points Dow futures up one at nasdaq futures higher by almost ten points the dax in Germany is down two tenths of one percent ten years down one thirty second yield one point seven seven percent the two year treasury yield one point five eight percent West Texas intermediate crude oil down two tenths percent or ten cents at fifty six dollars twelve cents a barrel comics gold up two tenths percent or two dollars ninety cents at fifteen oh seven sixteen ounce the euro is at one point one one one six against the dollar and the yen at one OO eight point six three Amy all right thank you Nathan and let's start now with the earnings disappointment from Amazon shares are down five point seven percent after the E. commerce giant reported its first profit drop in two years bluebirds Taylor Riggs has more now from the Bloomberg nine sixty and one of three point seven news room in San Francisco making good on a pledge to provide a one day shopping doesn't come cheap operating expenses for the third quarter climbed twenty six percent that is the steepest rise in more than a year the Seattle based company also spend big on investments in it Amazon web services cloud computing group and there's more on the way for investors to worry about projected revenue for the all important holiday quarter fell short of estimates with some analysts blaming a shorter shopping season in the US due to thanksgiving its fallen leader in November in San Francisco I'm Taylor breaks Bloomberg daybreak are Taylor thanks we'll have live analysis on Amazon with Luke ventures partner gene Munster he joins us in about fifteen minutes by the way Amazon shares aren't the only thing dropping this morning so is Jeff Bezos wealth he's about to relinquish the title of world's richest person to Bill Gates if today's losses hold the Amazon founder would be worth about a hundred five billion dollars leaving him about two and a half billion behind the gates on the Bloomberg billionaires index and it is a different earnings picture at Intel this morning the stock is up four percent after the chip maker gave an upbeat forecast for fourth quarter sales and profit that story now from Bloomberg Charlie Pellett the report indicates demand for semiconductors that power cloud computing data centers is improving even as the trade dispute between the US and China drags on while Intel's peers are reporting increasing difficulties amid the China U. S. trade stand off the companies benefiting from booming demand for the lucrative server chips that run giant data centers revenues also getting a boost from a steadier memory chip market and continued strong growth in the automotive unit Charlie Pellett Bloomberg daybreak all right Charlie thank you know Verizon leads ten companies in the S. and P. five hundred reporting earnings today we get a preview from Bloomberg's Jeff Ballenger Verizon lowered the prices on some of its unlimited data plans and Bloomberg intelligence says subscriber upgrades to unlimited likely drove revenue gains Bob slack demand for land line telephones and cable competition are seen pressuring the bottom line investors will be interested in an update on the roll out of Verizon's five G. wireless network forecasts are for Verizon to post a profit of a dollar twenty four a share on revenue of thirty two and three quarter billion dollars Jeff Ballenger Bloomberg daybreak all right thank you Jeff in Europe shares of Barclays up almost two percent the bank topped earnings estimates Barclays chief executive officer just daily though warning that low interest rates and Britain's brexit had economy will make it tougher to meet the bank's targets next year he's earlier live on Bloomberg radio and television we continue with the uncertainty brexit I think one has to think that you will continue to have five Grove in the U. K. but also we have lower interest rates and in the lower interest rate environment clearly puts pressure on the bank's net interest margin on the profitability of its deposit base the stock has lost almost twenty five percent sent Staley took the top job in December twenty fifteen measures of AB InBev are down almost nine percent this morning a drop in beer shipments in China and the U. S. cost profit growth to stumble at the owner of Budweiser and Stella Artois in the third quarter staying in Europe Boris Johnsons call for a snap election has been thrown into doubt we want to get the very latest now from Bloomberg suggested Selleck and London Sebastian good morning Amy Nathan labour leader Jeremy Corbyn says his decision on backing the prime minister's bid for election depends on how long a press extension the E. U. office Johnson needs Corbin support for an early election to get that two thirds majority in parliament for it to take place he's aiming for a vote on the twelfth of December the concern is that without an election scrutiny of Johnson's brexit bill could drag out to fit a full three month brexit extension becoming unacceptable to him if opponents succeed in amending it in London I'm suggesting Celtic impacted right right Sebastian thanks in Indonesia investigators found scores of problems and missteps in the crash of a line there seven thirty seven Max it was one of two crashes that led to the grounding of the plane pro blamed design flaws in the Boeing jet and the way you S. regulator certified at the report also pointed to pilot error federal reserve policy makers will cut interest rates again next week then they'll take a break that's according to economists surveyed by Bloomberg eighty five percent say they expect the fed to reduce rates by a quarter point more than half say policy makers also will telegraph that they're likely to pause for some time before cutting rates again and Bloomberg has learned softbank's vision fun plans to take a write down of at least five billion dollars sense to reflect upon engine the value of some of its biggest holdings including uber and we work earlier this week softbank agreed a bailout we work in exchange for eighty percent of the company S. and P. futures higher by three points at the moment straight ahead the latest world and national news this is Bloomberg.

"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:06 min | 1 year ago

"london sebastian" Discussed on Bloomberg Radio New York

"First game. hello this is a list of. Christmas was to respond. we used to swim with the smaller size entries we should have the. these comments emerging as house speaker Nancy Pelosi accuses the administration of a cover up New York times is now reporting the whistle blower is a C. I. A. officer who was assigned to work at the White House well fed vice chairman Richard Curtis says the central bank is looking at a possible shift to its information strategy under the alternative approach the central bank will commit to making up for polished deviations from its two percent inflation target and throw them treating them as Macy's and moving on as it does now meanwhile Richmond fed chief Thomas bulking cool the recent rate cuts insurance and save the economy look good but not every a wealthy investor managers welcoming the interest rate cuts with open arms weighing in on the fed's latest course of action oaktree capital chairman Howard marks told Bloomberg that rate cuts won't need it. the action should be taken in my opinion by the fed when the economy is failing to grow and does produce jobs I think that should be the formula and right now it's growing and producing jobs is this the time to run a deficit and is it is it is it is producing deficits and and and. and lowering rates the right thing to do when we are in record. territory for an economic expansion I don't think so. Montel she said it's time to be cautious in credit investing but not to pull back in tightly turning to Europe Britain and the E. U.'s top brexit negotiators are meeting in Brussels today for the first time since Boris Johnsons series of defeats in parliament and the U. K. Supreme Court you officials suggesting was nothing new on the table that could break the deadlock over the Irish backstop issue and the perception of Johnson's political weaknesses homing his negotiating position but Westminster Sebastian sonic reports it's a sign of the government's impotence the parliament wasn't even willing to cross a brief recess to allow conservative MPs to attend a party cover to Manchester the beginning of next week fasten the high drama of the debates in the house of Commons this week provide the background for new talks in Brussels between each chief brexit negotiating Michelle Bonnie and brexit secretary Steve Buckley the best of optimism of a potential flexibility on the backstop the prevents a hard border between Northern Ireland and the Irish Republic has largely evaporated and few officials on either side think a deal can be reached before the E. U. summit on October seventeenth after that is either an extension or a no deal exit in London Sebastian sonic boom back daybreak here. Franz has released a twenty twenty budget set to deliver a series of tax cuts this in an effort by president my colon to appease the so called yellow vest protesters according to draw spending plan the lowest income tax rate will be cut by three points to eleven percent but it'll mean slow progress on cutting the nation's budget deficit now let's get the latest in global news his Bloomberg good.

fed Brussels Bloomberg E. U. vice chairman Nancy Pelosi White House Howard marks Macy chairman New York Europe Westminster Sebastian Irish Republic Boris Johnsons Richard Curtis
Nothing New on the Table in Brexit Negotiations

Bloomberg Daybreak: Europe

01:04 min | 1 year ago

Nothing New on the Table in Brexit Negotiations

"Okay turning to Europe Britain and the E. U.'s top brexit negotiators are meeting in Brussels today for the first time since Boris Johnsons series of defeats in parliament and the U. K. Supreme Court you officials are suggesting that this is nothing new on the table that could break the deadlock over the Irish backstop issue and the perception of Johnson's political weakness is homing his negotiating position we will Westminster so Bastin sonic reports it's a sign of the government's impotence the parliament wasn't even willing to cross a brief recess to allow conservative MPs to attend a party coverage in Manchester at the beginning of next week fasten the high drama of the debates in the house of Commons this week provide the background for new talks in Brussels between eighty chief brexit negotiating Michelle bonnet on brexit secretary Steve Buckley the best of optimism of a potential flexibility on the backstop the prevents a hard border between Northern Ireland and the Irish Republic has largely evaporated and few officials on either side think a deal can be reached before the E. U. summit on October seventeenth after that is either an extension or a no deal exit in London Sebastian sonic bring back

Europe Britain E. U. Brussels U. K. Supreme Court Johnson Manchester Michelle Bonnet Steve Buckley Northern Ireland Irish Republic London Sebastian Boris Johnsons Secretary
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | 1 year ago

"london sebastian" Discussed on Bloomberg Radio New York

"August for Asian stocks since twenty fifteen and the worst month this year since may in Singapore I'm Julie at Sally Bloomberg daybreak arguing at thank you and you're out law makers of lost a bit of long do U. K. prime minister Boris Johnsons parliament plan let's get the very latest live with Bloomberg Sebastian sound like in London Sebastian good morning good morning cara Nathan the judge you know they were held off crossing the motions injunction against the prime minister's plan saying this time to hold more hearings on the issue next week he didn't I make any findings on the merits of the MPs are rule case the decision is a setback for a group of lawmakers hoping to block another deal brexit to other legal cases Austin progress one isn't working on and on the other is in London and former prime minister Sir John Major is seeking to join the case in London to argue against suspension live in London suggestion sonic impacted right all rights vest in thanks euro area inflation in August remain stuck well below the European central bank skull this month the one percent rate in line with economists' estimates compares with the ECB goal of just under two percent the core measure which excludes more volatile elements such as energy food and tobacco was even lower at nine tenths percent Overstreet executive says it sure looked like former executive Anthony Levin down skate took information from his former employer Google prosecutors charge living downscale this week with thirty three counts of stealing trade secrets we spoke exclusively with uber CEO Dara Khosrowshahi I wasn't here when we brought Anthony on board but what I do know is that we went to incredible deaths to make sure that any information that Anthony might have acquired from Google and it sure looks like he did didn't make it over to our company and over previously settled a civil case by paying two hundred forty five million dollars in equity shares of dell rose nine percent in extended trading company reported quarterly were sales and profit the top Wall Street estimates the story from Bloomberg Charlie palette it got a boost from strong corporate demand for computers and software CEO Michael dell.

U. K. Michael dell Bloomberg Charlie CEO Overstreet ECB Austin London Sebastian Bloomberg Sebastian Boris Johnsons Singapore Sally Bloomberg dell Google Dara Khosrowshahi Anthony Levin executive Sir John Major London
 Boris Johnson increases lead in race to be next UK prime minister as field of Conservative contenders cut to 5

Bloomberg Daybreak

00:38 sec | 1 year ago

Boris Johnson increases lead in race to be next UK prime minister as field of Conservative contenders cut to 5

"In Europe Boris Johnson is extending his lead in the race to become Britain's next prime minister very latest live from Bloomberg's Sebastian sounded in London Sebastian. Good morning. Good morning. John and Ken five candidates remained now off to full Brexit secretary Dominic Robb was knocked out yesterday. He was the hottest Brexit here in the contest and Boris Johnson looks poised to pick up more votes, as a result, the contenders clashed in a TV debate last night. But it's back to the ballot box today where the one with a few votes would be eliminated. And once consented to them peace have whittled down to two. Those names, we've put to the poxy membership next month. Live in London. I'm Sebastian sonic back,

Boris Johnson London Sebastian Dominic Robb Sebastian Prime Minister Bloomberg London Europe Britain Secretary KEN John
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:00 min | 1 year ago

"london sebastian" Discussed on Bloomberg Radio New York

"Eropean songs that US stock index futures extending global retrieve six oh, one on Wall Street, and we check the markets every fifteen minutes throughout the trading day on Bloomberg s and p futures are down eighteen points. Dow futures down one hundred sixty nine NASDAQ futures down sixty two the Dax in Germany's down one point three percent. Cac in Paris down one point seven percent in the foot. See one hundred down one point three percent. Nikkei two twenty five Japan fell one point two percent. Hang Seng and Hong Kong, down six tenths percent. Nymex crude oil down two and a quarter percent on dollar thirty to fifty seven eighty two barrel. Comex gold up four tenths percent, five dollars, fifty cents twelve eight announce the euro, one point one five seven against the dollar. The yen went, oh nine point eight and the ten year. Treasury up ten thirty seconds yield two point two two percent yield on the two year two point. Oh, seven percent. Nathan caring that rally and treasuries is bringing into site, the prospect of benchmark, tenure yield dropping to two percent for the first time since late twenty six. Eighteen Richard Jones's FX rate strategist for the Bloomberg markets live team. Give it two percent love for US tenure yields looks like an inevitable target from here, and we'll probably hit it in the summer, clearly, the trade wars victimless driving this right now, and the rally in US, fixed income, and money. Markets has been relentless and the trend of lower yields looks like it's really quite durable. Looks like it has legs. And it's not only in the US, Germany or within sight of a record low UK yields tumbled aggressively this month. This is a global trend with the US setting the pace and US tenure yield tumbled almost forty basis points since mid-april. Meanwhile, the global bond rally is taking its toll on Asian stocks. They fell for the first time in four sessions, we get the details from Bloomberg's Juliet Selley in Singapore. Good morning. Nathan yields Australia's ten year note fell below the cash rate of one and a half percent for the first time in four years, while New Zealand's ten year yield slid to a record and yields on Japan's tenue. He negative point. One of one percent matching its lowest level since twenty. Sixteen in the equity market South Korea's Cosby. Phil wanted a quote of sent and has now walked out year to date gains. The call speed is on track for its worst month since October, while the one was Asia's worst performing currency Wednesday Korean assets. Particularly exposed to the concerns about global trade and taking a stream and Singapore. I'm Juliet Solly, Bloomberg daybreak. Julia. Thanks on the trade front. The Trump administration has spared China from being declared a currency manipulator, Bloomberg daybreak Asia anchor Bryan, Curtis has more from Hong Kong treasury expanded the number of countries to be monitored Ireland, Italy, Vietnam, Singapore and Malaysia now. Join China Japan, South Korea, and Germany on a watch list, India and Switzerland were removed Bloomberg had reported that Vietnam was at risk to be designated, but the label after officials visited Washington last week in on Kong Bryan Curtis Bloomberg daybreak. All right, Bryan. Thank you. Meanwhile, China has found a new way to battle the US on trade, according to Chinese media report. It's gearing up to weaponize, its dominance of rare earths, China, reportedly may restrict rare earth exports. The US the US gets eighty percent of those minerals from the Chinese while way has gone to court to get off that blacklist Chinese telecom equipment maker told a federal judge the ban on federal agencies and contractors buying its products is unconstitutional, while way argues the ban unfairly stigmatizes the company and its employees as opposed to of the Chinese government. Meanwhile, soft bank's Japanese telecom unit selected Nokia and Ericsson as vendors for its next generation wireless network, excluding longtime supplier while way. And if he opened airlines pilot warned that carrier of dangers, the Boeing seven thirty-seven max months before that fatal crash. We get more live from Bloomberg's John Tucker and Karen, the Cording to emails documents reviewed by Bloomberg news. The pilot in December urged his superiors to bolster training, a flight control future, the pilots at cruise should be better prepared to avert. Repeat of a similar disaster involving a lion air flight seven thirty seven max in October than four months later, March tenth in Ethiopia and airlines seven thirty seven max crashed minutes after off from baba killing one hundred fifty seven. Meantime, Boeing has told one of the biggest 737 max buyers that the grounded jet should be back in the air by July, as more bullish time that most regulators have predicted that director, general of the international Air, Transport Association says he doesn't expect Boeing seven thirty seven banks to return to service for another ten to twelve weeks. John Tucker, Bloomberg daybreak. All right, John. Thanks europe's. Most influential leaders are already tussling over who should be the next year. Opean commission, president, Bloomberg Sebastian salad joins us live from London with the latest mornings evasion, give owning Nathan. And Karen will Germany's. Angela Merkel fail to in support for her pick Veba last night's EU leaders meeting Francaise krona's, pushing me show by the blocks chief Brexit negotiator. But also accepts the ducks Frans, Timmermans Danish competition Commissioner grad Avesta, but this is just the start of the race. One EU official expects the real contenders to come later. The names guy around just opening bids. Love in London Sebastian sonic, being back daybreak. Sebastian. Thank you Arcelor Mattel fell the most in two years after announcing that is cutting steel production across its European plans to cope with weak, demand and rising imports. Shares of the world's largest steelmaker are down about three and a half percent. T mobile and sprint reportedly may sell the boost prepaid mobile brand and attempt to win approval for their merger. According to Reuters deal with value, the business up to three billion dollars. FCC chairman Jeet pie has said he would recommend approval of the merger. If the boost business were sold sell off continues in the futures markets s and p futures down nineteen points. Dow futures down one hundred seventy seven points, NASDAQ futures down, sixty five straight ahead, the latest world and national news. This is Bloomberg, and it's six oh, seven on Wall Street, we bring in.

Bloomberg US Bryan Curtis Bloomberg Germany Nathan Hong Kong Bloomberg Sebastian China Singapore John Tucker South Korea Hang Seng Nikkei Paris Japan Richard Jones Boeing Asia
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:52 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"We check the markets every fifteen minutes throughout the trading day on Bloomberg as in p futures again that'll change down futures up forty one NASDAQ futures up three the Dax in Germany is up six tenths percent with a CAC in Paris is down a tenth of a percent. And the footsie one hundred is down a third of percents. Nikkei two twenty five in Japan down a quarter percent while the Hang Seng in Hong Kong fell half percent. Ten year treasury of eight thirty seconds yield two point five three percent yield on the two year two point three two percents. Nymex crude oil down to third of percent down twenty two cents at sixty six eight a barrel. Comex gold is up about two tenths percent dollar ninety two twelve seventy five ten an ounce. The euro at one point one two one five against the dollar. The yen at one eleven point eight seven Nathan this is another big day for earnings. Let's begin in Switzerland where Credit Suisse is kicking off European Bank results on a positive note. The Swiss firms main trading business posted a profit for the firm. First time three-quarters than a CEO. John cautiously optimistic we are pleased. We performance. We are a peaceful people. Also don't think we global markets being reindicted intense criticism intense pressure. The main trading unit at Credit Suisse posted a pre-tax profit sixty five per cent above estimates. Strong showing in an environment. UBS calls one of the worst in recent history. Luke cake more is senior investment manager at Aberdeen standard investments Credit Suisse coming through reported decent set. Voting's a think might be a bit of a bright spot. We'll see I mean, we've got a lot that anything's coming through this week. But I think from an equity perspective European bikes linked difficult next tomorrow, we get results from UBS and Barclays right now. Shares of Credit Suisse are up more than two and a half percent earnings of no out of Europe as well this morning. Bloomer Sebastian Sally joins us live from London with the very latest. Good morning Sebastian. Good morning. Karen, Nathan SAP among the top gainers in Europe. In fat is currently leading the leaderboard is hit a record high after raising its operating profit outlook bolstered by strong growth in its. Cloud business truck-making Novartis, meanwhile, pulsing faster, call after spinning off his Alcon eye care business. Sherzer in the green there and Volvo also gaining off the prophet beat estimates. But the group has paying for tougher times ahead and invest is less enthused about Heineken. The brewer is trading to the downside, despite this shipments that beat estimates live in London Sebastian sonic, bring back daybreak. Well, Sebastian shares of wire Carter surging in Frankfurt following words. Softbank is investing a billion dollars in the company's convertible bonds why're card had seen its market share plunged this year after reports of an accounting scandal at its Singapore office this morning shares of wire Carter are higher by more than eight percent. US stocks closed at a record yesterday. But the rally appears to be taking a pause this morning, US futures. And European shares are little changed right now after a down day for most of Asia. Bloomberg's Juliet Sally joins us from Singapore with the details. Good morning. Juliet good morning. Karen, Estrella and Stokes though rose to an eleven year high in Sydney and Ozzy bones sold as right caught bits deepened. In the wake of dismal inflation data down onto in China. Markets got little help from the central bank's move to support liquidity in the banking system to fund lending, the People's Bank of China inject to the equivalent of about full she billion dollars in medium term loans in South Korea. A what an expected operating loss from L G display, wait on the Cosby sending that index Loa by nine tenths of one percent in Singapore. I'm Juliet Solly, Bloomberg daybreak. Juliette? Thank you. Meanwhile, the US and China are set to resume trade talks next week negotiators traveled to Beijing. Tuesday. The recent developments could make talks more difficult. Shirl- wudunn is managing director at mid market securities, very complicated dance that is going on right here between the US and China, and it just got worse with no more waivers being issued by the US government for Iran. China obviously imports a huge amount of oil from Iran and China need that oil, and if the Chinese banks continued to finance those oil imports because there's no way that China can just all of a sudden just stop importing oil from there. There's going to be questioned about what is the US to sanction the Chinese banks. Are they actually going to impose penalties? How is this not going to spill over into the talks between US and China on trade? Sources tell Bloomberg the two sides hoped to have a draft trade agreement ready by the end of may here in the US is a busy day for earnings Boeing reports first-quarter results this morning with corrosion surrounding at seven thirty seven max jets likely to dominate the conversation. Bloomberg's Bob moon reports it's all about how quickly bowling can recover. According to a note from Buckingham research, and that's clearly CEO Dennis muhlenberg mission. He's been. Working overtime for weeks at wrestling, not just the fix needed to get the planes flying again. But restoring the company's image a week ago. We took a test flight on an update at seven thirty seven. Max and promoted it in a video statement, the work of our team.

US Bloomberg China Credit Suisse Sebastian Sally UBS Singapore CEO Nathan SAP Europe Aberdeen standard investments Karen Bank of China London Sebastian Hang Seng Hong Kong Germany Nikkei
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:34 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"The GDP is a record highs. And we're still not in a recession typically rise in a recession is I think making the economy more. Vulnerable minored says the feds dovish turned won't bode well for risk assets. He suggests now's a good time to take profits. Brexit is in focus this morning as Prime Minister Theresa may has to Brussels Bloomberg's have Ashton sound like joins us live from London with the latest. Good morning Sebastian. Good morning. Karen Nathan maze. Going to us for a one off three months delay to Britain's departure. But the already said she can't have that until the UK parliament backs deal. The problem is that the speaker has said that she compost it to another vote without substantial changes and didn't address to the nation on Wednesday may hinge that she could even resign rather than agree to a lengthy postponement live in London Sebastian solid, Bloomberg daybreak. All right, Sebastian thank you as the turmoil over Brexit continues. The Bank of England is expected to stand Pat when issuing its policy decision today officials are likely to keep rates unchanged and now face more paralysis as the data. The UK's departure from the e u sides with US China trade talks set to continue next week. President Trump says terror. Chiefs will stay in place once a deals reached because we have to make sure that if we do the deal with China that China lives by the deal. So how long could the US hold onto those tariffs? Bloomberg's Derek wall Bank reports they could stay in place for quite a while. Actually that puts the timeframe on this in two months. Two years kind of thing from weeks to months where we have been so far. There is still another tranche of tariffs that President Trump has held off on putting on and those are still sort of dangling out there waiting for a deal. This could stretch on for a lot longer than I think a lot of people had expected. China has pushed the Trump administration to remove tariffs as part of any deal that isn't looking increasingly unlikely eleven days after the Boeing maxi jet crash analysis of the plane's black boxes underway. And we have Bloomberg team coverage on the latest beginning live with John Tucker. Good morning, John. Good morning. Karen, authorities in France downloaded the flights data and cock? Fit audio which is now in Ethiopia for analysis. Authorities there are leading the investigation with assistance from French officials. The US Federal Aviation Administration the National Transportation Safety board and Boeing meanwhile, the New York Times reports the pilot of the Ethiopian air flight had not received training on a seven thirty seven max, eight simulator. Even though the carrier had one installed in January. The paper also says Boeing will make an optional safety features standard on all new Macs. Jets in an effort to get planes flying. Again, I'm John Tucker live in New York. And now with more on the investigation is Bloomberg's Patrice Sikora John scrutiny on Boeing and the Federal Aviation Administration. Ramps up. We're learning that US officials began probing FAA approval of 737 max aircraft software nearly five months ago. Sources tell Bloomberg US agents began investigating one of Boeing software systems just weeks after the lion aircrash in October. That inquiry is now taking a newer. In the wake of last week's disaster and questions continue about how long this crisis will continue for Boeing and how much it will cost airlines. I've Patrice Sikora. Now, here's Charlie Pellett with more on this story as Boeing shuffles its top engineers and works to get at seven thirty seven max aircraft flying again analysts covering the airlines are focused on how long the stoppage will last. And the mounting costs facing the planemakers customers Morgan Stanley analysts have said Boeing is likely to resume deliveries of it's seven thirty seven max jetliner in the second quarter at least two airlines westjet and Air Canada of pulled their forecasts as they assess the financial impact while analysts have lifted estimates for first quarter costs for some carriers such as Southwest Airlines. Charlie Pellett, Bloomberg daybreak. Thank you, Charlie. We have some earnings to tell you about tencent holdings. The biggest Asia listed company reported fourth quarter profit and net income below analysts estimates heavy spending on ten cents cloud and mobile payments, businesses wait on. Results and here in the US shares of Micron Technology up about three percent in early trading. The chip maker reported sales and profit that beat estimates. Coming up today. We get an extreme Nike conagra and Darden restaurants straight ahead. The latest world and national news. And this is Bloomberg. Thank you. Karen? It is six oh seven on Wall Street and Michael Barr is here to tell us what's happening in the world. Michael. Thank you very much..

Bloomberg Boeing US US Federal Aviation Administra Karen Nathan maze Brussels Bloomberg China London Sebastian President Trump John Tucker Patrice Sikora Brexit UK Jets Charlie Pellett Chiefs London Bank of England
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:03 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"Dot com slash OS, US futures and European equities gaining this morning six one on Wall Street, Emma, check the markets every fifteen minutes throughout the trading day on Bloomberg SNP futures are upset and seven and a half points. Dow futures up seventy eight NASDAQ futures up twenty one the Dax in Germany up six tenths percent. The CAC in Paris and Footsie-100 both out three towns. Spur said Nikkei two twenty five in Japan little change down less than a tenth of a percent. Hang Seng in Hong Kong gained two tenths percent. Ten year. Treasury up to thirty seconds yield two point five nine percent. Yield on the two year two point four four percents. Nymex crude oil up half. Percent or twenty seven cents to fifty nine thirty six barrel. Comex gold up a third of a percent at four dollars forty cents at thirteen o five ninety an ounce. The euro dollar thirteen fifty two the yen one eleven point two eight John and we began in the UK cared. We're Prime Minister Theresa may is set a Sikh along the latest Brexit. Bloomberg's Sebastian sound like joins us live in London with the very latest. Good morning. Good morning, John. And karen. So the house of Commons speaker torpedoing May's plans to win parliamentary approval for her deal to leave the EU John Becker says the prime minister now cones bring the same motion back to the comments again. And that makes another votes unlikely before Thursday summits officials privately accusing the speaker of overreaching in his powers to help pro e u politicians deliver a softer breakfast live in London Sebastian sonic, Bloomberg daybreak. Sebastien? Thank you back here in the US. The Federal Reserve kicks off a two day policy meeting in Washington. The central Bank is expected to hold interest rates steady. And former New York fed President Bill Dudley says that trend should continue through June. I think what's going to happen is we're gonna have a pretty weak first quarter, and that's going to cause the fed to wait for even more still Dudley tells Bloomberg that rate hikes can't be ruled out for the second half of the year. If the economy picks us speed again, as I expect will happen and inflation starts to drift higher than the federal will be back in play. Maybe as early as the second half of this year, the fed decision. Tomorrow is expected to include a new rate hike projections, plus an end to the central banks. Ballot balance-sheet roll off Boeing shares slid another one point seven percent yesterday. And now there's growing concern. The company may not get its max jets back in the air as soon as it wants. Let's get more from Bloomberg's Ed Baxter. Not only are investigations going on into the two crashes but into the relationship between Boeing and the FAA and that investigation began before the second crash, Bloomberg intelligence, George Ferguson says what they're finding. Is that Boeing and the FAA have had a very close positive relationship. But what we're finding out now is perhaps a bit too far here as was pushing to develop the max in response to the Airbus through twenty Neo and Boeing CEO. Dennis Muilenburg has sent a letter to airline saying that there will be a new software update soon. There will be more intensive pilot training and that Boeing is taking actions to fully ensure the safety of the seven thirty seven max in San Francisco. I'm Ed Baxter. Bloomberg daybreak. All right. Thank you. Meanwhile, airlines around the world are assessing the financial impact from the maxi Sogeti groundings. We get details from Bloomberg's Charlie Pellett. Analysts are expecting a short term hit the flying capacity yet. The financial impact remains in question with westjet airlines withdrawing its forecasts echoing a similar move from Air Canada last week. Steve landless Joseph DeNardo wrote in a note. Quote, US airlines expect the max grounding to be short lived as scheduled adjustments. When made. Aid are short into ration-. Charlie Pellett, Bloomberg daybreak. Thanks, charlie. In other corporate news, the SEC's battle with Tesla's. CEO Elon Musk is heating up again. Bloomberg's Patrice Sikora has the very latest securities and Exchange Commission has once again requesting that a judge fined Elon Musk in contempt of court after learning that Tesla's CEO has not received pre approval for a single one of his tweets about the company Musk's settlement with the October called for tesla to designate an attorney to pre approved company related tweets from the CEO while such an attorney is in place that person is monitoring the tweets in real time not approving them beforehand. Patrice Sikora Bloomberg daybreak. Juries thank you on the earnings frontiers. Have Revlon tumbled nine percent in late trading. After sales dropped nearly six percent. Last quarter. Revlon also warns a delayed at ten k filing may reveal immaterial weakness and its financial reporting controls executives say that's tied to a software issue that could cost fifty four. Million dollars to fix shears a upon producer till Ray rose more than two percent at a revenue that beat estimates. The company sold more cannabis at higher prices in the fourth quarter, but still lost thirty one million dollars in the period. Margins were also weaker than projected as operating expenses climbed. And your up shares of as saucer down two percent. The UK fashion retailer reported second-quarter sales growth that fell short of its full year target which had already lowered last month. Salesgirl eleven percent. It's full year. Target calls for growth of fifteen percent. Coming up in the US today. We'll get earnings from FedEx with a preview, here's Bloomberg's Jeff Bellinger. Analysts are overwhelmingly upbeat Beye ratings on FedEx outnumber hold and sell ratings combined by five to one. But Bloomberg intelligence says the company is going to have to report results added expressed division. If it wants to keep the bears at bay investors will also wanted up date on the integration of TNT operations in Europe. Jeff. Bellinger, Bloomberg daybreak. Jeff, thank you s and p futures higher up eight points. Dow futures up eighty NASDAQ futures up twenty to the ten year treasury up three thirty seconds yield two point five nine percent. And straight ahead. We have the latest world and national news. This is Bloomberg. All right. Thanks, Karen, six oh, seven on Wall Street. Let's get news from around the world this morning. We say good morning to Bloomberg's.

Bloomberg Patrice Sikora Bloomberg US Boeing Jeff Bellinger CEO Elon Musk Federal Reserve Bill Dudley John Becker prime minister Charlie Pellett London Ed Baxter CEO karen Sebastian sonic UK
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:56 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"No, it's time to define and to put a new governance in place. Michelin CEO, Jean Dominique scenarios expected to be named Renault's new chairman as soon as today. Nissan. Meanwhile plans to hold a meeting in April to remove gone from its board and stock markets. This morning is all about semiconductor earnings, Texas, Instruments, kicked it off last night with results that were in line with reduced expectations. Chipmaker also gave first-quarter guidance near the top of estimates. We begin our team coverage with Bloomberg's Charlie Pellett in New York, Texas instruments forecasts suggest demand for electron is cooling. As the economy weakens amid a trade war between China and the United States three months ago. The chipmaker was among the first to warn that demand for electron IX was slowing after several years of ravenous consumption, Texas Instruments has more products and customers than any other semiconductor company making its earnings and predictions a proxy for the broader industry, Charlie. L at Bloomberg daybreak. Charlie. Thanks earnings from another chipmaker helped drive sentiment in Asia. Today. We continue our team coverage with Bloomberg's Juliette Sally in Singapore. Good morning. Juliet good morning. Nathan and Karen will s K Hynix led the tech rally across Asia rising five and a half percent. In seoul. We demand for memory chips resulted in operating income of three point nine billion dollars in the three months ended December that was below estimates. But the announcement of the dividend boost along with plans to cut investment if necessary sparks by interest in Singapore. I'm Juliet Solly, Bloomberg daybreak. Julia. Thank you in Europe. S T microelectronics is that chipmaker out with earnings. Bloomberg's Justyna Lee has more on those results from our London bureau. This company has forecast a drop in first-quarter sales. And in a way, it really fits into the stories we've been hearing from the semiconductor industry and especially apple suppliers. So it's another reflection of the slow down in the smartphone industry, but the stock is actually up, but I think maybe that's. Another example of how you know expectations are now so low that people had already priced some of this S T, micro expects a drop in sales this year, but investors predicted a more a dire. Forecasts that has shares up nine percent, and it's lifting sentiment for other chipmakers Micron Technology AMD, and Lam research, I'll gaining in the pre market and rounding out our team coverage. The next news on tap. From the semiconductor space today comes from Intel's earnings. Bloomberg's Jeff Bellinger has the preview the chip maker could stand apart from competitors. That have indicated business has been off because of weak semiconductor. Demand strengthened personal computers and growth in the data center segment likely drove revenue it Intel forecasts are for Intel to post an adjusted profit of a dollar twenty two a share that would represent year over year growth. Thirteen percent revenue was projected to come in just over nineteen billion dollars. Bloomberg intelligence says Intel is likely to remain competitive throughout twenty nineteen Jeff Bellinger, Bloomberg. Daybreak. All right. Jeff, thank you outside of chips space. We have results from Ford Motor, and they're not pretty Bloomberg's John Tucker joins us live with details. Good morning. John barren Karen Ford reported at at lost one hundred sixteen million dollars for the fourth quarter missing estimates for a one point two billion dollar game. The chief financial officer Bob shanks tells Bloomberg most of the weakness came from outside the US we were down on a year over year basis, and it's been that way through much of the year. And that was really driven by two parts of the business that we've been talking about for all year, which is China and secondarily, it's Europe. This is just the second quarterly loss report since two thousand nine CEO Jim Hackett is trying to overhaul the company by killing off sedans, boosting SUV spending and making staff cuts last month. Morgan Stanley predicted ports restructuring could lead to twenty five thousand job cuts. John Tucker, Bloomberg daybreak. Thanks, john. The euro area economy is in focus with weak manufacturing data out this morning. Bloomberg Sebastian salad joins us live from London with the latest. Good morning Sebastian. Good morning. Nathan and Karen will Germany's industrial slut worsens at the start of two thousand nine hundred and we had IHS market's monthly index states that that showed manufacturing in the country shrank for the first time in four years in the euro area is a hold. It barely grew in a measure of activity dropped the weakest twenty thirty one in frozen an expected rebound in activity in January failed to materialize. So we see the euro trading down some four tenths of a percent live in London. Sebastian sonic, Bloomberg daybreak. Sebastien? Thank you up next for Europe today, a policy decision from the EC that comes out at seven forty five. AM Wall Street time followed by a news conference from the president. Mario Draghi and futures are higher this morning. Straight ahead. The latest world and national news. This is Bloomberg. Thank you. Karen six. Oh, seven on Wall Street. Let's find out what's going on around.

Bloomberg Karen Ford Chipmaker Europe Intel Jeff Bellinger Juliet Solly London Singapore John Tucker Asia Texas Sebastian sonic CEO China Charlie Pellett Michelin United States Jean Dominique
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:22 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"The euro dollar fifteen twenty eight and again, one eight point one to Nathan Karen, China's commenting on its trade talks with the US. The commerce minister says negotiations were broad deep and detailed Bloomberg daybreak Asia anchor. Bryan Curtis reports from Hong Kong the ministry said the two sides implemented, a consensus reached earlier by the two presidents, and it said both trade and structural issues were discussed in the meetings. The two seem largely in sync now over their interpretation of the talks, although the US was slightly more upbeat in any case. The trade war rhetoric has been toned down. And the two seem more methodical now toward finding a deal in all Kong. I'm Bryan Curtis. Bloomberg daybreak. All right, Bryan. Thank you. We're also getting word from China's vice president he says the country is committed to its own path. But also that cooperation between Beijing and Washington is the best way forward still that cooperation could be hard to achieve Bloomberg's John Tucker joins us live with that story. Good morning. John. Good morning share. The White House is. Pushing for a way to make sure China delivers on any commitments reached in the deal. The office of US Trade Representative Robert lighthizer says it wants any agreement to include ongoing verification and effective enforcement. The Trump administration has criticized China for failing to live up to past promises, including a pledge to open up the Chinese economy to more trade in investment after joined the World Trade Organization back in two thousand one John Tucker, Bloomberg daybreak. All right. John. Thanks. So both sides may be saying the right things, but neither side is giving concrete details in its statements that had the new year equity rally taking a pause in Asia. Bloomberg's Juliet Sally has details from Singapore. Good morning. Juliet good morning. Nathan Karen will awake. Adullah pushed the yen higher in Japanese equities Loa at the same time as Goldman Sachs trimmed their target for Japanese stalks that he five closed close down by one point three percent. In tokyo. The CSI three hundred in China was down two tenths of one percent after five sessions of gains the. The Asia Pacific index slightly weaker thisday in Singapore. I'm Juliet Solly Bloomberg daybreak killing it. Thank you socks in Europe. Also posting losses today. Bloomberg Sebastian sound like joins us live from London with the latest. Good morning Sebastian. Good morning. Karen, Nathan stalks downs some three tenths of a percent now as we await the outcome from. Yes. China trade talks, you got the majority of sex gains from utilities, banks and real estate industrial goods and services. Our biggest loses dragged down by the lighting specialist Osram Licht, the CEO of that company warning about stock. Clouds ahead live from London Sebastian sonic, back daybreak. Speaking of darker, Sebastian the outlook for Theresa May's Brexit plan is darkening that has the UK prime minister openly contemplating a plan b Bloomberg's Alex Morales reports from London Theresa May suffered his second defeat in two days in the house of Commons losing control of the timetable for setting out the next steps if as expected parliament votes down have Brexit deal in January fifteen. In the aftermath of Wednesday's defeat is publicly discussed for the first time what she would do if she loses that critically important vote saying the premier would respond quickly and provide certainty on the way forward opposition labor party leader. Jeremy coudn't, meanwhile, who deliver a major speech on Brexit. He's expected to call for me to announce a general election. If she loses next week's vote inland and Alex Morales, Bloomberg daybreak. All right, Alex. Thank you here in the US. It looks like the Federal Reserve could place interest rates on hold through at least March minutes from the central banks December meeting show officials preaching patients on policy unleash Levin as chief strategist, it'd be NY Mellon investment management. Well, I'm happy to see that. There was caution in the minutes because it needs at the market didn't mug the fed. If you remember after the hike the market sold off nine percent. And then just last Friday Powell was very devastated his comments, and there's a concern if there's that much of a difference between the FOMC, and what the market is saying, and you just don't want it to be a messaging issue and today, we get messy. Jiang from Jerome Powell. Again. The fed chairman says down for a conversation with Carlisle group co founder, David Rubenstein at the economic club of Washington. We'll bring that to you live on Bloomberg radio and television at twelve forty five PM Wall Street time the conversation will happen with the partial government shutdown in the US and its twentieth. Day starting to threaten the IPO outlook for twenty nine thousand nine Andrew Ramona's reports from the Bloomberg ninety nine one newsroom in Washington. The timing for the and lift IPO's could be thrown off because of the shutdown. There's paperwork right now at the SEC that Uber and left heaven receive responses to there's just a cadence tickets thrown off when there's a shutdown like this and things could be slowed down in the IPO front Newburn lifted been targeting their IPO's for the first half of the year. Sources tell Bloomberg so far neither companies received comments from the SEC on their filings and some news on four this morning with word of major job cuts at the automakers European operation. That's Ford Motor plans to shed thousands of jobs in the region as part of our broad review. It's also not rolling out shutting some production plants in Europe. Futures this morning are losing steam as in p futures down about sixteen points right now. And this is Bloomberg. Thank you. Seven on Wall Street time to get the latest world and national headlines,.

Bloomberg China Juliet Solly Bloomberg US Bloomberg Sebastian Nathan Karen John Tucker Bryan Curtis Asia Sebastian Europe Singapore London Alex Morales Federal Reserve Hong Kong Washington Jerome Powell SEC
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:55 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"The country's talk on the phone today. That is giving a boost to stocks in Hong Kong and China. It's a different story in Japan though with traders playing catch up after a four day holiday. Bloomberg's Juliet Sally joins us from Singapore with details. Good morning. Juliet. Good morning. Nathan. And Karen, the Nikkei two to five close lower by two point three percent in Tokyo out too early opposing losses of more than three and a half percent. Apple supplies like Japan display and shop where the biggest loses while the yen slipped after Thursday's shock Sturge. Apple supplies. The entire pay also remained under pressure that Tykes closing lower by one point two percent. But the CSI three hundred rose by two point four percent in China as concern of a trade tension eased by the confirmation of next week's talks and the Taishin sevices PM. I read came in better than expected for the month of December at fifty three point nine in Singapore. I'm Juliet Solly, Bloomberg daybreak. All right. Juliette? Thank you while that outlook cut from apple continues to weigh on Asian suppliers. It's more than just an iphone story. Forty six percent of US companies issuing estimates for the fourth quarter. Have also revised their outlook lower. Kevin Hassett, chairman of the White House. Council of economic advisers expects that to continue until there's a U S China trade deal, you know, and it's not going to be just apple I think that they're a heck of a lot of US companies that have a lot of sales in China. We in watching their earnings be downgraded next year until we gotta deal with China has it tells CNN he thinks the economic pain gives President Trump leverage in trade negotiations. Meanwhile, the people's bang. Of China's stepping up support for the economy after the close of trading in China today, the central Bank cut the reserve ratio. For lenders by one percentage point the move releases cash into the economy to help support growth stocks in Europe are climbing on this final trading day of the week and Bloomberg's Sebastian satellite joins us live from London with the latest. Good morning Sebastian. Good morning. Karen, Nathan yet, the stock six hundred up by one and a quarter percent now every sector getting but with led by the miners and the energy Stokes. That's his oil heads for its biggest weekly gains since twenty seventeen also had a bit of data through the year area, December services PM I coming in at fifty one point two just short of the fifty one point four preliminary figure, but still in expansionary territory as it's about fifty and inflation slowing to one point six percent in December across the year. The estimate was for one point seven just a little miss that live in London Sebastian solid, Bloomberg daybreak. All right said thanks for here. In the US. We get the December employment report at eight thirty AM Wall Street time. Economists forecast a gain of one hundred eighty four thousand jobs. Bloomberg's Vinny Del Jude ice reports. Twenty eighteen was a banner year for America's labor market today. State. I will probably show an annual game a two point four five million jobs the strongest in three years, but economists say twenty eight gains likely to repeat over the next twelve months, there's evidence the US economy is losing momentum. Bloomberg economics says keep an eye an interest rate sensitive sectors from housing autos for now, though, many businesses continue to report labor shortages, Vinny. Del dice, Bloomberg daybreak. All right. Thank you. And after that jobs report, we get remarks from Jerome Powell who takes part in a panel, Janet Yellen and Ben Bernanke in Atlanta. Bloomberg's Michael Mckee is there. The fed chair is the man of the hour for the markets. Investors who blamed the central Bank for December's equity. Some are hoping to hear Powell make the case for a pause his appearances timely, even if the forum is not quite perfect. The current chair. Shares a stage at the American economic association annual meeting with former chairs Ben banenky and Janet Yellen. Expect Powell to make the case the fed isn't. On a preset course and will react to data a stance. His predecessors will no doubt endorse, but as Yellen is the architect of the Fed's balance sheet reduction policy, it's unlikely Powell would suggest any change in Atlanta. Michael Mckee, Bloomberg daybreak. Michael, thank, you know, bring you live coverage of that panel at ten AM, Wall Street time on Bloomberg radio and television. And after that, we'll hear from Cleveland fed president Laurent master who sits down for an interview with Bloomberg's Michael Mckee. You can catch that conversation on Bloomberg radio and television today at one thirty PM Wall Street time, it was a horrible year for hedge funds, but Anthony Scaramucci is returned to the industry worked out well skybridge capital. The investment firm run by the former White House communications director made money in one of the worst years ever for hedge funds and audited returns for the firms to funds for three point six percent and four and a half percent after fees still clients pulled money from skybridge with assets under management dropping by nearly two and a half billion dollars. And again futures are rising this morning straight ahead. We have the latest world and national news. And this is Bloomberg. Thanks, karen. It is five. Oh, seven on Wall Street. Let's bring in Michael Barr in this Friday morning to find out what's happening in the world. Happy friday. Michael happy Friday to you Nathan.

Bloomberg apple Bloomberg economics US China Michael Mckee Karen Nathan fed Jerome Powell Japan Singapore Janet Yellen Juliet Hong Kong Juliet Sally Juliet Solly White House
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:29 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"Com or call one eight six six sector ETF European stocks are following Asian shares lower and US futures are pointing to yet more declines Ehthiopian five. Oh, one on Wall Street. We check the markets every fifteen minutes throughout the trading day on Bloomberg SNP futures down almost fourteen points. Dow futures down one hundred fourteen NASDAQ futures down thirty eight the Dax in Germany's down seven tenths percent. Cac in Paris down. One percent Footsie-100 down a third of a percent. Nikkei two twenty five in Japan fell. One point one percent. Hang seng. In Hong Kong was up half percent. Ten year treasury up four thirty seconds yield two point seven nine percent. Yield on the two year two point six six percents. Nymex crude oil up about two tenths percent or seven cents to forty five ninety five a barrel. Comex gold down six tenths. Percent or seven dollars fifty cents to twelve sixty forty an ounce. The euro dollar fourteen twenty in the yen one eleven point one seven Nathan Karen, a wild week on Wall Street comes to an end with the S and P five hundred trading at a fifteen month low and the NASDAQ composite on the brink of a bear market off almost twenty percent off its August record Michael Houston's in analyst it's EMC markets in London. I think investors need to understand Marcus. Don't go up in straight lines. We've become used to over the last ten years of Marcus steadily going higher. I think the tightening of monetary conditions signal by the fed means that ultimately, we could we'll have to get used to further volatility. Further losses. We have seen some technical breakdowns, which would appear to suggest the SNP has got further to fall to roundabout two thousand three hundred sixty and the doubts of four and a little bit further to twenty one thousand now the Dow closed yesterday at twenty two thousand eight hundred fifty nine while the s&p five hundred finish the session at twenty four sixty seven days of low volatility. They are far gone and recent tumbled in the stock market has the biggest annual surge on record. The CBO volatility index has surged one hundred fifty seven percent this year heading twenty eight point four on Thursday its highest level since the February equity route from the Wall Street sell-off spread to Asia. We get the recap from Bloomberg's Juliette Sally in Singapore. Good morning, Nathan and Karen Japanese Shannon's extended further into bear market territory is the yen touched a three month high intraday against the dollar five closed down one point one percent to twenty thousand one hundred sixty six points. Nissan. Shares fell two percent on news. It's full and Carlos gone will remain behind bars in Tokyo and could be facing new charges a strategy and shares closed at a two year low while the CSI three hundred in China fell one point two percent to three thousand and twenty nine in Singapore on Juliette Solly, Bloomberg daybreak. Juliet, thank you stocks. Also lower in Europe, we get the very latest live from Bloomberg Sebastian. Celek in London Sebastian good morning. Good morning. Karen and Nathan stocks down for the sixth day in seven here in the weeks losses amounting to almost two percents. If you have a look at the individual sexy groups only the miners are in the green every other sector is falling with the telecoms hardest. His at the heart of some of the biggest stock moves today. The food delivery service takeaway is acquiring delivery. Here is German business for a billion years. Both of those stocks surging by the most ever live in London. I'm Sebastian solid. Bloomberg daybreak Sebastian, thanks. Several factors are weighing on the markets fed tightening US China tensions and concerned about a partial government shutdown last night. The Republican led house approved funding for president Donald Trump's border wall. The Bill now goes to the Senate Bloomberg government reporter, Kathleen hunter has the latest the house drill monkey wrench in the plans to avoid a partial government shutdown by Delano fight over Trump's border wall until early next year Republicans in that chamber added five billion dollars for border wall construction to the senate's version of a stopgap spending measure move ten. Legislation back to the Senate with just hours ago before a funding lapse at midnight tonight senators from both parties have indicated that the modifies legislation won't pass on the team returns. Another vote today leaving lawmakers stymied and beefing a politically perilous Christmastime shut down unless they can find a last-minute solution. Kathleen hunter, Bloomberg daybreak. Kathleen, thank you this selloff in stocks may be helping the Federal Reserve do its job. Bloomberg's John Tucker is live with the details during good morning. Good morning. Karen, former Federal Reserve Bank of New York. President William Dudley tells Bloomberg the recent stock market slump is probably necessary for US policy makers to achieve their goal of keeping the US economy from overheating. Their view is Khamis growing.

Bloomberg Nathan Karen US Bloomberg Sebastian Kathleen hunter Senate Bloomberg Federal Reserve Singapore London China senate Marcus London Sebastian SNP Germany Hong Kong Federal Reserve Bank of New Yo
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:23 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"The report from the times says that breaks negotiators have finalized a deal on services and on the exchange of data. It said British business will be able to access EU markets so long as British financial regulation remains broadly in step with a you rules. Also, the agreement is set to include a clause that states neither side would unilaterally deny market access without first going through independent arbitrator as we say sterling is strengthening on that report currently trading at a dollar twenty nine ten. And meanwhile, Nathan bring city is weighing on plans for the Bank of England. The central Bank announces its latest policy decision at eight again, Wall Street time at Bloomberg Sebastian salad joins us live for London with the very latest set. Good morning. Good morning. John and Nathan the Bank of England like he should be sitting on its hands today because communists, see no change to the benchmark rates and markets rapidly pushing back beds on the next move. The problem is a lack of certain seat Brexit talks still deadlocked, of course. And the March departure date looming ever closer, but officials are sticking to that line that limited and gradual hikes and needed in coming years live in London, Sebastian sonic, playback daybreak. Sebastian thanks, meantime, manufacturing growth in the UK last month slumped to the lowest level since the aftermath of the Brexit vote. A purchasing managers index for the sector fell to fifty one point one in October well below economist estimates for reading a fifty three. The slowdown follows a similarly dismal report for euro area. Manufacturers earlier this month and Asia. Today, the regional benchmark index gained for a third straight day. Stocks in China kicked off the month on a high note after officials signalled further stimulus for the economy. Bloomberg daybreak Asia anchor Bryan Curtis reports from Hong Kong this comes from police bureau meeting chaired by president Xi Jinping. A statement says the nation's economic environment is changing that downward pressure is increasing this signal of urgency came right after China's week for October today that's high sheen index had a modest beat today. Though officials have applied just modest support. Avoiding the big bazooka of previous slowdowns that may be about to change in on Kong. Bryan curtis. Bloomberg daybreak. All right, Brian, thanks. Let's turn earnings now Credit Suisse is reporting revenue and income that missed estimates due in part to the performance of its global markets business. Bloomberg's Berger says the results signal that turnaround plans from Credit Suisse, maybe running out of steam now, I mean at one time this was the best trading unit on all of Wall Street, but just show. How far it's calm. It posted a surprise loss today and the company saying it's likely not to hit their full year target a lot of turnaround yet to go here, man. Shares of Credit Suisse currently down two percent in Zurich and results for my energy group beat estimates net income fell this because of legal challenges related to money laundering. But I n g also trimmed its cost to income ratio. For the first time in six quarters. IMG shares are up more than five percent Denmark's. Biggest Bank reported income below estimates. Instead, it's working hard to restore trust with customers and investors after finding itself at the center of a money laundering scandal. The firm says it may face material finds tied to criminal investigations in the US, Denmark and Estonia, still investors like what they're hearing. Shares of Danske Bank right now are higher by more than four percent revenue for BT Group beat estimates. The former telecom, but also forecasting earnings for the year at the upper end of its targeted strong results from its consumer business shears. BT there of more than eight percent in London and here in the US. Apple leads more than three dozen companies in the S and P five hundred reporting earnings today. Bloomberg's Charlie Pellett has a preview with iphone shipments. Slowing apple has become more reliant on the average selling price of devices to drive expansion. Investors will be listening to the company's earnings. Call for any commentary on the new iphone ten line, which marks a big step up in price from earlier models. The new iphones began shipping last week. Analysts estimate. Sixteen percent gain in revenue with solid growth in apple services last quarter, apples, high margin services business rose twenty eight percent, Charlie Pellett, Bloomberg daybreak and Charlie we got a couple of headlines just crossing the Bloomberg terminal, India and Korea now said to agree on the outline of an Iran Oil waiver with the US and this headlined Hudson fund has reportedly taken a three point one percent stake in Deutsche Bank that is according to the Wall Street Journal, John and. Head of the market open on Wall Street futures Nathan pointing to a higher open futures right now up twelve points. The Dow futures up one hundred twenty seven and the NASDAQ futures right now they are up twenty eight points. You're listening to Bloomberg daybreak. Six. Oh seven now. On Wall Street. John lot going on this morning. See what else is going on with Bloomberg's Michael Barr. Good morning. Michael good morning. Nathan president. Donald Trump says the number of military troops deployed to the US Mexican border to go as high as fifteen thousand President Trump says the move would be aimed at preventing the entry of a caravan migrants, traveling from Central America, the caravan is moving on foot and still merely thousand miles from the border President Trump doubled down on a tacking birthright citizenship at a rally in Florida last night. The president says no sane country would grant birthright under this.

Bloomberg US Nathan Bloomberg Sebastian president Credit Suisse Bank of England Apple John London Sebastian sonic Charlie Pellett Donald Trump Danske Bank China Wall Street Journal Asia
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:24 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"A barrel and turning to business news now new details on that Chinese hack of US technology components reported last week, a source inside a major US telecom company now says he discovered manipulated hardware from super microcomputer in its network. Tom Giles has more from our Bloomberg nine sixty newsroom in San Francisco. The supply chain remains under threat in this instance, researchers working on behalf of this telecom company found this hardware that originated in China that made its way into the US supply chain had been manipulated at its origin in China. And it was found out and it's been removed. What it does is? It indicates that parts of supply chain do remain vulnerable. This new evidence comes from security expert Yosi Appelbaum who works for the telecom company in question following last week's Bloomberg news exclusive on Chinese chips implanted in super micro motherboards, apple bound provided documents analysis and other evidence of the discovery to Bloomberg Appelbaum is currently coast CPO CEO of Sepe oh systems in Gaithersburg, Maryland, he used to work in the technology unit for Israeli army intelligence. Meanwhile, Bloomberg news has learned that China plans to increase the number of companies at teams too big to fail. It's a sign that policymakers are stepping up crisis prevention efforts as the nation's debt swells to unprecedented levels bonds in Italy are falling as the government holds firm to its budget plans despite pressure from the EU. Bloomberg Sebastian salad joins us live from London with the latest. Good morning Sebastian. Good morning Nathan. And Karen yields have jumped across the car with those on ten year bonds approaching the multi highs reached on Tuesday deputy premier Mateo Salvini signaled his determination to ride out the market storm triggered by his government's budget plans saying he's absolutely sure the spread between Italian and gentleman bone deals, what reach four hundred basis points Italian stocks. Also, lower falling for the full session in five live in London. Sebastian sonic, Bloomberg daybreak Sebastien. Thank you. Shares of SoftBank fell five percent in Tokyo following the firm is in talks to take a majority stake in we work which designs and rents office space. Bloomberg news is. Learn SoftBank is likely to put several billion dollars into we work. In addition to the four point four billion that SoftBank invested last year. Uber is said to be pitching a one and a half billion dollar junk bond, offering sources tell Bloomberg the ride hailing company may offer five hundred million dollars of five-year notes and two billion dollars of eight year. Bonds Sears has reportedly hired three partnership. Prepare a bankruptcy filing. According to the Wall Street Journal, the filing could come as soon as this week while Sears continues to discuss other options that would avoid a court supervised restructuring, Amazon's cloud computing, division has landed a billion dollars worth of deals with SAP and Symantec, according to a memo obtained by Bloomberg the contracts are each were five hundred million dollars over five years and Bill ackman is betting on expansion efforts from Starbucks in China revealing a one point one percent stake in the coffee chain ackman says she thinks China is the single largest growth opportunity for Starbucks. And that the company shares could double in the next three years and futures this more. Are lower s and p futures down three points. Dow futures down twenty nine NASDAQ futures down fourteen ten year treasury down five thirty seconds yield three point two two percent. Straight ahead. We have the latest world and national news. This is Bloomberg. Thanks, Karen, six oh, seven on Wall Street time to find out more of what's going on around the world new.

Bloomberg Bloomberg Appelbaum China SoftBank Sebastian sonic US London Karen Yosi Appelbaum Nathan Tom Giles San Francisco Starbucks Wall Street Journal Sebastian salad Bill ackman Sears Israeli army EU
"london sebastian" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:14 min | 2 years ago

"london sebastian" Discussed on Bloomberg Radio New York

"Her own party at home. Pro Brexit Tories et cetera spent several hours plotting to oust her on Tuesday night, because they think she's betraying beverage of a clean break from the EU. But those talks broke up without a decision on a plan of action live in London Sebastian sonic, back daybreak. Sebastien? Thank you. Listen p futures at this hour up by two points that is a little less than a tenth of one percent say with us for the latest world and national news. This is Bloomberg. And that brings us to six oh seven on Wall Street, the president's former campaign boss back in the news when Briggs Michael Barr with that and more good morning. Good morning. Bob days before Jerry selection is set to begin in Paul manafort's second trial. President Trump's former campaign chairman is reportedly in talks about a possible plea deal, according to the Washington Post to people with knowledge of matters say the negotiations may not result in a deal with special counsel. Robert Muller Manafort is facing money laundering and lobbying violations charges. The economy may be strong. But a new poll shows President Trump is unpopular. According to a Bloomberg analysis of polling data Trump is the first president dating back to Ronald Reagan whose approval rating has consistently low and lagging economic sentiment. New Hampshire will have either its first openly gay congressman or first black Representative Chris Pappas won the democratic nomination in the first district Pappas. Will face Republican nominee and navy veteran. Eddie Edwards to me. Being a navy veteran been a law enforcement officer, you take your commitment seriously because people depend on you. And for me. I don't wanna look people in there is they come back and say something you say, you wouldn't do Pappas and Edwards are vying to replace retiring democratic congresswoman Carol shea porter today, Rhode Island will hold its congressional primary elections New York holds its primary for governor and attorney general tomorrow US officials say Syrian president Assad has received a clear warning about using chemical weapons on the last rebel stronghold in Syria. Speaking to reporters at the Pentagon Defense Secretary James Mattis said Assad is still hurting from the last round of airstrikes first time around seventeen percent of his pointy nosed air force airplane. He's been warned. And so we'll see if he if you twice stuff European lawmakers poised to vote for the first time to use the European Union strictest sanction. Mechanism to stop the erosion of democracy in Hungary. Bloomberg's Zoltan Shimon has more from Strasbourg France, Prime Minister Viktor or bamn predicted on Tuesday that lawmakers would muster the two thirds majority needed in the assembly for the measure that may ultimately lead to the suspension of Hungary's vote in the block or Venice called the measure blackmail to force him to change. His anti-immigrant. Stance is stressful friends Zoltan she went Bloomberg daybreak. Global news twenty four hours a day on air, Anna tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Bob, thank him. I it is now six zero nine on Wall Street time for your Bloomberg NBC sports update brought to you by investors Bank, and along comes Jon Stashower..

Bloomberg President Trump president Chris Pappas Assad Briggs Michael Barr Zoltan Shimon European Union Eddie Edwards Bob Sebastien London Hungary Sebastian sonic Robert Muller Manafort navy Paul manafort Prime Minister Viktor Carol shea porter Ronald Reagan
"london sebastian" Discussed on KQED Radio

KQED Radio

09:37 min | 2 years ago

"london sebastian" Discussed on KQED Radio

"Dot com This is here and now the Turkish currency the lira. Rebounded slightly today. After, going into freefall following President Trump's announcement the US will double the tariffs on Turkish steel and aluminum because Turkey is refusing to release an American pastor being. Detained there this is just the latest example of how the, Trump administration has been flexing US economic power to pressure other countries to change behavior the US is imposing new sanctions on Iran and Russia is considering increasing tariffs on, Chinese, goods joining us now Sebastian Mallaby who's the Paul Volcker senior fellow for international economics at the council on foreign relations he's in London Sebastian welcome Great to be with you and do you think that Trump's use of tariffs and sanctions to put pressure on other countries to get. What he wants. Is, working Well after, point this note that the US has enormous power to inflict significant economic pain on other countries. This was true before President Trump, was President Barack Obama lithium allies and, imposing sanctions on Iran's oil sector and Iran's oil exports promptly fell. By, more than half so this isn't a new thing but the. US does have I think four, distinct advantages in imposing this kind of economic pain and others I it's got the. World's biggest economy measured by market exchange rates second is to numerous current-account deficits and it's always importing more than it, is exporting to the rest of the world so this, more stuff that the US can sanction than others can sanction the US and you're seeing that in China, Fred federally the US as extremely open to. Foreign investment which means that any major global company has huge operations in the US indefinite cannot afford to eighty eight the US government And finally the central role of the dollar in. Its, national payments, system gives the USA particular lever it can use to check checkoff payments to the countries. I guess it's not so surprising to watch the US, wield its, power in Turkey a much smaller economy but it's surprising to see what's happening with China because. This is the world's second largest, economy in a fight economically with the, world's first largest and people have been saying for years oh China. Owns, so many US bonds they would have a lot of cards. In their deck if there were, to be a fight like this but it looks like the US is saying actually. You need us to buy all of your stuff and if we're gonna put tariffs on it it's going to hurt, you more yes I think that's right used to believe, that by selling US bronze China could drive down the US Brown market drive up interest rates and demon. Style financial crisis I think, the problem with that theory is that we've learned from the, two thousand eight two thousand nine experience just how powerful the Federal Reserve is if the Chinese where to dump enormous amounts of US treasuries the. Fed could simply print money and buy them and it's such an extreme thing for, the Chinese to try, and do that I'm not sure we've got to that level of tension for them even to be thinking about it so you're right when the war is confined to tariffs the US, does, have the upper hand because the. US is importing more from China than vice versa and what do you think the goal is when it, comes to China from the Trump administration are, they, trying to weaken the government there which is obsessed. With their economy growing at a certain rate, well that didn't think it's where. You, get to the weakness. Of the Trump strategy it clear that Trump, can inflict damage an economic pain on others but will he get the political objectives he seeks And that's actually a very different question I think both with respect to China end? With respect to techy or Iran and it, seems to me that with China if what Trump really wants? Is, for the Chinese to give up their ambitions to take over the high tech. Sector I didn't think the Chinese are going to give that up, no matter how much he put sanctions? On them Nor are they going? To give the Chinese, communist party's monopoly on power so it seems to me that although that can be the appearance of progress. In the sense that you can put pain on the other side whether, you get your political design is is a different matter do you think that in. The case of Turkey that the US is going to get what it wants to. Have this, pastor released on the one hand it seems to me that releasing the pastor in sort of a small concession for the, tax to, make and when you balance, that against the fact. That currency is in freefall any rational. Leader of techie would make that trade and do what the US wants the, problem there is that it's not clear how, economically rational Turkey's leadership really is I mean you've got the president one who's installed a relative of his to run, the Turkish central Bank who appears to think that you know. If you raise interest rates your create more inflation That's that's about as popular with economists the nation that the, world might be flat and so I think it's a bit unpredictable how this plays. I just because of the obstinacy and the economic of to snus of the tech. Leadership now, Turkey is one thing China is another then there are Trump's economic fights with our closest allies with Canada and with Europe, what do, you think are the benefits, and risks of that Well that's where it gets, completely crazy to my mind I mean I. Understand that China is doing some things with, respect to forcing technology transfer. From western companies to Chinese ones which really don't count is playing by the rules and using pressure to try and force negotiations aren't getting China to change that you can make a case for that but when it. Comes to Europe or Canada co salaries which. Are not obviously abusing any kind of rooms it really doesn't make any sense at all and it's good that, last month in July the US seem to. Deescalate it's fight at least with the Europeans and say that. There would be no further trade sanctions placed on Europe and even the US would work. With, Europe to try to. Get some reforms. To the World Trade Organization so that was a good thing on candidate they're still. This fight going on it sort of connected to the network After negotiations I think the cost benefit on that? For, many strategic calculus is appealing do you think that. That's what, this is about for Trump that he is trying to flex the US economic muscle as he goes through these NAFTA negotiations to say you've got to play ball with us the way that we wanna do it because look how much it will hurt you if you don't yes. I mean I think he does have the instinct in, almost any relationship with any other country and this, goes for North Korea where it's about nukes. Rather than trade as well you know there's, this combination of playing tough. And tweeting against the adversary and threatening them with another relation and so forth and then the same time offering negotiation and this kind of good cop bad cop routine but combined in the same cop on at once. Seems to be the Trump negotiation method can. You think back to times when this has happened before to this degree I think. The use of trade to trade sanctions at birth for foreign policy reasons like trying to contain Iran's nuclear program and. Because of trade disputes if you think back to, the nine thousand nine hundred eighty s a lot of trade sanctions on Japan because of its alleged violation of international trading norms there's a. Long. History of, this what's different this time is the way that Trump in his first year certainly. Unleash this battle on all fronts and this continued this into a second year that's. The strange, thing it's kind of going after everybody at once if you wanted seriously to take on Chinese abuses you would. I make nice with Canada and make nice with Europe global coalition to, go off to. China and put pressure on them instead of which Trump bashed everybody he could see and. Also wait after China and I think what's interesting to see in the next The six months. Or sir is whether the de-escalation of, tension with Europe is followed by a de-escalation also with Canada and. You start to see the emergence of a kind of coalition to singularity carpet of. Targets which might just be for example Chinese technology policies on the. One hand and the Iranian nuclear ambition on the other but it sounds like what you're also saying is that there is a risk that because of the. Way that the US is acting. With other countries it may be difficult to get that coalition together down the road when you need them yes. I am saying that and I'm saying that. You know the question. Is whether Trump changes his tactics he's done that a bit with Europe ready that has not, happened with Canada but it might do and then you'd be moving, into a zone where you could start to make a rush no explanation for US trade policy I'm afraid I can't make that yet but are. Not ruling out the possibility that it might be possible Expense.

US President Trump China Trump Iran Turkey Europe US government Canada Federal Reserve World Trade Organization Sebastian Mallaby President Barack Obama London Sebastian Paul Volcker senior fellow North Korea
"london sebastian" Discussed on KQED Radio

KQED Radio

02:05 min | 3 years ago

"london sebastian" Discussed on KQED Radio

"And i think the codes fear that that will happen again with the us and i think the real concern about the us perhaps is there isn't a very clear idea what the us treasury is now in syria um the uh administration essentially said that it is there to continue the battle against the islamic state grew to ensure that it can't re asserted itself the russians the iranian sibal said that they believe us should pull out of a weren't invited by the syrian government the syrian government according to the russians iranians of a sovereign a nation that and in issuing invited by them at a certain point you have to go so there were all these elements of confrontation proxy forces had been used for years by will these outside powers the danger at the moment is after islamic state was forced out of over territory but it took but in that voyage the potential for direct confrontation between these powers is increasing and this goes even wider than other russians the iranians the turksih us we saw down in the south which has been relatively quiet week ago that israel was getting involved wave hasn't before one of its planes was shot down by the syrian government it then launched a much bigger offensive in it has so far within the country and israel's concern over iran hezbollah the lebanese movement that iran backs moving closer and closer to its board of it need to do something about it so these are you know i'm this has been a polling ward so many ways mysterious of course have suffered most but in a geopolitical sense because it's probably one of the most dangerous times but it is been well the bbc's arab affairs editor sebastian usher speaking to us from london sebastian thank you so much thank you mckay this is here and now.

us treasury syrian government israel hezbollah bbc sebastian usher syria iran editor mckay
"london sebastian" Discussed on Here & Now

Here & Now

02:08 min | 3 years ago

"london sebastian" Discussed on Here & Now

"When the bbc's arab affairs editor sebastian usher speaking to us from london sebastian thank you so much thank you mckay it olympic hockey today the us women's team is headed back to the title game after beating finland five two zip in a semi final match up that means the us will go for gold on wednesday against canada now our next dory is also about hockey but played at a whole different level it features an american who last march traveled to north korea all for the love the sport and made it back home carrying given from npr is only a game has his story alex pray khan has a thirty year old copy writer and musician living in the twin cities it's hard to describe how much he enjoys playing hockey beer leak he calls it so i figured i'd let him tell you sh sh in song if minnesota nice and hip half were to have a baby end that baby really loved hockey the result would be the beer league anthem was bills bathrooms when it's real like every day you give one fan of it's either some dude wife or girlfriend last march alex pray con took a plan to pyongyang north korea has handed his passport over to his tour guide slash minders and stayed for a week how did he get such a crazy idea yeah that's a question surprisingly enough i get a lot i was on the internet specifically as on his website called reddit thread it is an online community people posts stories france articles end web pages they've come across and um i saw this post that simply said hey wants to come in north korea to play hockey with me and i thought to myself okay you know that sounds interesting very click beatty the linked took alex to a website for the how international friendship league a sports tourism organisation based in canada and i extra out of the window and i didn't think anything of it.

bbc sebastian usher finland canada hockey npr khan writer minnesota north korea beatty alex editor us pyongyang france thirty year