35 Burst results for "Mark Carney"

Bank of England cuts rates 50 bp to 0.25%, citing coronavirus 'economic shock'

Bloomberg Daybreak

01:00 min | 6 months ago

Bank of England cuts rates 50 bp to 0.25%, citing coronavirus 'economic shock'

"Meantime in the UK the bank of England is taking action to stem the fallout from the corona virus the central bank issued an emergency rate cut lowering its benchmark by fifty basis points governor mark Carney speaking to the press just moments ago although the magnitude of the economic shock from corona virus is highly uncertain activity is likely to weaken materially in the U. K. over the coming months the rate cut comes just hours before the UK government announces its budget which is expected to include the biggest as stimulus measures in decades the latest there were joined by Bloomberg's and Edwards outside of Westminster and Anna there's a lot of infrastructure spending expected but could be overshadowed by measures targeting the coronavirus that that is going to be overshadowed by the virus we can be a big focus on what could be done that would hold the UK economy for the presidency after the impact that this is going to have twelve Westminster reels from the revelations that an MP has contracted separated virus it does seem that the budget will be overshadowed to some extent by the virus

UK Mark Carney Bloomberg Edwards Westminster Bank Of England Anna
Are financial institutions waking up to climate change?

FT News

13:23 min | 8 months ago

Are financial institutions waking up to climate change?

"Concerned about climate change is rising around the world on the streets in parliaments and among investors questions about the future of fossil fuels are putting new pressure on companies. He's and financial institutions so he was made to discuss what this means are hugh vents daynuss chair of the sustainable finance committee at UBS and former adviser to to Bank of England governor mark. Carney and billy nauman a reporter for the FTA's moral money. which covers the world of sustainable finance? I billy let's talk about some examples of the financial impact of climate change. What's been the economic fallout from the Australian? Bushfires that's a very good example I think and and it's one that's still kind of playing out obviously so it will take some time to see. The True Fallout Bank of America made some projections that the fires just for the first quarter of twenty twenty twenty could subtract at least zero point zero point four percent from Australia's entire GDP. So yeah. It's it's bad and probably a bit worse than people. Were expecting only a month six weeks ago absolutely. Yeah I mean the numbers were seeing on the insurance sector at this point they. They don't jump off the page. Necessarily I think they were close to nine. Thousand fire related claims from September until early January but that compares to just fourteen hundred fifteen hundred hundred for the yearly average of the last five years. I think so. It's a massive uptick in so much is still coming at this point. It's hard to say with the crisis. It's still playing out how bad it's going to be right. Hugh you recently wrote pace for the FDA about why investors and boards NATO take climate. I'm at risk into account now the Australian fires an example of that sort of risk. Or you have other. Things changed as well. Australia is clearly very stark reminder of the potential attention challenges but I think it's a much broader range of issues and I think there's always a push poll we're seeing regulators start to impose stress tests on the banks and their insurers shores particularly led by Governor Connie but also there have been some great initiatives to improve the quality of data. Because the key issue if you can't measure it you can't manage it and I think one of the companies and boards in particular realized they will increasingly be held to account through numbers which could be used both by investors by pressure groups. And we shouldn't underestimate the impact or pressure groups oops grabbing and using this data so far it's been a kind of voluntary initiative nine hundred of the biggest one thousand five hundred companies now starting to measure data but bit by bit is improving but the challenges as just investor behavior themselves. A growing number of vest design meet. Astonished say well they're all GONNA be big valley dispersions not just more Stralia. It could be from changes in tax. Six regulation or Brandon Pam if people think the company simply not honoring its responsibility. So it's it's a range of issues but there was definite groundswell in the market and that son what we're seeing in all business. Yeah you mentioned shareholder pressure there. We've just seen shareholders in Barclays Bank demanding that it starts the phase out financing companies that are not aligned with the Paris agreement. I wonder if both of you this seems to be something of a step up in relation relation to shareholder action when it comes to financial institutions. Is that how you say it or do you think. It's a trend already saying certainly I see. It's a growing trend and I think it comes from particularly some of the AH owners the big pension funds who are demanding action something like two thirds of all new mandates which are granted have some sort of sustainable finance aspect so they're pressurizing the managers to put their money where the mouth is but secondly on billy side of the pond in the states. There's a much richer. Set of data around proxy voting. One of the most striking statistics about the current round was the provos around environment were as frequent has governance. I think that's the first year that I've seen that. Yeah that's absolutely been the trend in it's been increasing and and one of the things I think is interesting is looking at some of these pressure groups some of these activist groups. And they're really ramping up their efforts. I was at a thing in in September around climate week here in New York and it was the principles for responsible banking which is a big. UN Consortium of banks talking about what their responsibility is as bankers anchors in terms of helping the world achieved the sustainable development goals and even at that event there was a group of protesters out there. And you could tell it really struck a chord with the bankers anchors. That were there. You know they're thinking well we're the ones that are doing well. We signed our names to this piece of paper and replacing to do this but from the activist groups. The message was that's not enough. We need to see action on this. And they're very adamant about keeping up this pressure on the banks that are financing fossil fuel companies. That's the case isn't Hugh that the banks are moving. They are taking steps to be more transparent in many cases but at the same time activists are saying listen. That's great but we just want. You should get out of fossil fuels. Yeah I think this is very challenging because you know let's face it finances the arterial system of the economy. And so we always you need power and and whilst I think many can be frustrated with the pace of change this will be more evolutionary than revolutionary some stats that McConnell US recently is one hundred trillion dollars of power and a sustainable projects which needs to be financed of the next decade and some of the going green so a new soda plant but some of them can try to be improving the quality of what we've God and we shouldn't underestimate improving. The bad to good is actually still step forward and I think that's a very nuanced and difficult argument for a financial innovation to make into a pressure. Group agree with what you said and it is very important that we have financing for going from bad to good from Brown to green. Or however you want to phrase it but I think that at that area gets very ripe for greenwashing for putting money into things that are not actually improving climate emissions. Like they might say they. Are you talking. In relation onto green bonds there perhaps green bonds is a perfect example. Yeah and then there's these things called transition bond which is a relatively new development. You Know Green bonds you run into the the problem where these companies are issuing green bonds for these projects that are allegedly going to improve carbon emissions. But it's just they were going to do anyway at stuff they're mandated to do you buy some new set of regulations and they are going out with this green bond and getting better terms as a result because they can label it his green the transition bonds. It's something that's offered offered to companies that might not usually qualify for green bond but they need to transition to be more green so this is a new category of financing financing available to these companies that helps them fund projects that move along that spectrum from Brown to green. Yeah and I mean greenwashing is a concern obviously and seems to me that more and more focus has come onto these sorts of bonds at some people find a suspect however broadly speaking. Isn't this a structural troll issue. I mean it. Doesn't it really point to the fact that there's not enough regulation either national or international of this market. I'm not sure if it's necessarily the regulation because you know if you make an example. Sir Chris hones dissolve all the company's portfolio disclose. Just this Christopher Hon who has a large hedge fund and here in London and. He said that he's not going to invest in any company that doesn't abide by the climate disclosure guidelines. That Mr Connie and you helped develop the Governor Carney server initiative but I think that the bottom line here is that actually sometimes the activists in the regulators may not be that far apart. Obviously there's a lot of good hard work to be done around the Standards Serum the investor point of view. Wouldn't it be great if as early as possible tomorrow. Really these guidelines which as you say currently voluntary were made mandatory. So I think actually in the best thing to do would be say within three years it will be mandatory and get companies to get on undo it there are still some some creases to iron out in the methodology but I think I would be very encouraging of that. Why should we wait three years when we've got the climate scientists telling us that this is a matter of extreme urgency and we really need eight to be cutting emissions as quickly as possible and therefore financing of fossil fuels needs to be effectively reigned in so for me? I would want all the companies to start today. Hey but you may not want to co defy methodologies. There's still a work in progress so I think it's by saying we will make it managed to in three years and we really rather expect you to do it. This year is sort of awed. Get to and billy what about the US. Do you think that you're going to be seeing. Regulators introducing mandatory disclosure anytime soon. No no I don't think the Political Otago Environment here is is going to lead to that at all. Unfortunately and what does that mean then if we have a world in which we have say European countries are making it mandatory the US and others a saying saying it's fine. You don't need to what then happens if we have a very uneven playing field. Well I mean I think we kind of saw something like this with GDP right where American companies have to abide by GDP CPR if they have European clients or do business in Europe so it's it's not ideal that the US is dragging its feet on these sorts of issues. But I do think that US companies will have to come around to some degree depending on what sort of regulation comes out of the you just moving onto another area. Do you think there are parts of the financial world old that Performing will when it comes to taking climate concerns into account for example green bond market is expected to keep growing this year. And we've forty saint extraordinary growth there there any other areas where we are starting to see a real change. You're starting to see a lot of sustainability linked loans Richard similar to green bonds where banks are incentivizing borrowers to hit targets whether it's emissions reductions by whatever means they can do it and if they do so they get better terms on their loans. That kind of stuff is growing a lot of support. You'll nap there's lots of really interesting pockets. One of the ones which is hardly reported about is the private equity quarter to also trying to become more sustainable an increasing number of creating their own sustainable funds. But also if you turn this around and it's not just climate if you've got a very concentrated portfolio do you really WanNa make sure your companies are being well run and that by the time you come until I was seldom they actually look as valuable as possible. So there's an increasing focus on what I'd say is the sustainability the inability of the franchise in all its manifestations and clearly firms will prioritize. But there's a growing market as well in private equity. I'm a little skeptical of of a lot of the claims coming out of the private equity market cricket and that's because of the lack of transparency. A lot of the major major companies have come out with these big impact funds. And when you look under the hood at some of the investments they've made aide you know there since there are no kind of set definitions on what is impact or how impact is measured. Some of them do a little dubious. I've been doing some research into one. One of the the bigger impact funds and just looking at some of the underlying investments. This is the Bane Double Impact Fund which is run by Duval. Patrick who's a former governor of Massachusetts. WHO's now running for president here in the US and A lot of the investments are in home health care which is a growing sector but is that really impact or is that just a play for a sector that they think. There's going to be growth in. I think more transparency from the private equity market would help a lot in terms of if they do deserve credit on this to give them that credit. But I'm skeptical of a lot of their claims this to be frank right. I'd like to ask both of you when you think we will see major banks in Europe and on wall all straight no longer financing fossil fuels. Never sorry to be a downer. But unless they're strict regulation that says you cannot do this someone will always do. Okay never look we will want to keep the lights on and so I. My sense is that this isn't evolution. And I got back the statistic if there's one hundred trillion over investments be made in energy clean energy and transition. That's an extraordinary amount of money. And fumbled in central banks buying and so whether it's capital markets all banks or insurers don't need be financing all the overall transition I think that what regulators can do and what I was certainly arguing for in the pieces through stress testing the banks us through providing better data. You can at least act to trump bring forward when that transition happens and that's probably the best one can hope for. I mean even the practice of with that transition though is likely to have an impact on a lot of industries. And how should that be managed. Well this comes down to the big public policy questions which you know the F. T. writes about so eloquently silently. I mean these are genuinely as much political questions other opportunities. I think that you know Al Gore says the investing in Green Tech is one of the biggest investment opportunities in his lifetime and at one level we need to also change the language so it was seen as much. The investment opportunities immobilized the capital in the way. That governor Connie is going to be going onto after the bank as much chaz trying to stress test and think through the risks. And I think it's a bit of sticks and carrots to try not just along but that's not going to take away the very big political challenges ages of you know who wants a carbon tax. I think that's an excellent point. Actually I I will amend my never if there is a disruptive technology that makes fossil fuel obsolete then then they will stop financing it because it will no longer be profitable. Think about whale oil. I suppose you could compare it to that. When fossil fuels came along and made will oil obsolete than nobody nobody is financing it anymore? So maybe if there is some sort of green technology that completely upends the energy sector then that could lead to it from a fan perspective. I suppose billy thank very much end. Hugh thank

Hugh United States Governor Connie Billy Nauman Australia Europe Brown Bank Of England Bank Of America UN Carney Green Tech UBS Al Gore Reporter Barclays Bank Brandon Pam
Bank of England Audio Was Leaked, Giving Some Traders an Edge

Monocle 24: The Globalist

02:54 min | 9 months ago

Bank of England Audio Was Leaked, Giving Some Traders an Edge

"Welcome back. Tell us about the Bank of England and things going wrong so we talked about this yesterday. It's a story the times Discovered covered the the Bank of England's audio feed of press conferences. Where the Governor Mark Carney stands up tells us what he thinks about the economy and interest rates and inflation when Malkin moving comments okay and that audio fate had been hacked to give certain client certain traders a massive five to seven seven five two eight seconds advantage that they got the information ahead of everybody else getting the information? Now that is can be a lifetime. in Financial Balk rockets and can provide the opportunity to make absolutely millions and the Times has followed yesterday. Story today's story with it looks like it was interviews with various these hedge funds hedge funds bragging about making millions from this audio feed where they had this five second advantage we also discover that one of the companies involved in the scandal. According to The Times had actually been given advance copies of speeches. Made Mark Carney very very sensitive publications locations directly from the bank under the embargo now now journalists. Get things from all kinds of places under embargo. You can't publish it you can't print it subjectively inside information and you can't. You can't put it out there. You can't trade on until the embargo is listed normally has a specific time but of course trading clients alliance then journalists. They SH- they shouldn't really be getting information under embargo because they can use it to trade. Now the company involved it said has now now stopped has has no longer getting access to that information. That is a good thing. But many people according a cooling for the Bank of England's person responsible for this as the chief operating officer to resign this really big cult. That word mistake is the mistake by the Bank of England and not only that we find out that European Central Bank. The Europe Central Bank looked this earlier this year. So you would have thought the Bank of England would say all the Europeans bike is looking at that data security. Maybe we should as well. It's also deeply. I wanted the Bank of England itself is responsible for regulation and responsible table for checking the markets affair. It's sort of. It's a financial regulator itself has had to refer itself to the other financial regulator the financial conduct authority authorities. So here we have. We have got the Bank of England. The central bank a regulator putting his hands up ago. Did we've made a huge mistake. Let us refers to one of if the other regulators I mean it is a huge huge mistake. Other companies want to work you know work with data security. What on Earth was the Bank of minglan thanking Lewis Capable have to leave it there? Thank you very much indeed for joining us on monocle twenty four

Bank Of England Europe Central Bank Mark Carney Bank Of European Central Bank The Times Malkin Chief Operating Officer Lewis Seven Seven Five Two Eight Sec Five Second
Bank of England Audio Was Leaked, Giving Some Traders an Edge

Monocle 24: The Globalist

00:21 sec | 9 months ago

Bank of England Audio Was Leaked, Giving Some Traders an Edge

"Bank of England says hedge funds have been listening into twits private briefings through a hijacked audio feed allowing traders to hear potentially lucrative information before it's made public the comments of the Governor Mark Mark. Carney often see a move in markets and a change in the value of the pound. The bank says it has disabled third parties access to its audio feeds.

Mark Mark Bank Of England Carney
Bank of England set to hold rates ahead of UK election

Bloomberg Daybreak

00:36 sec | 11 months ago

Bank of England set to hold rates ahead of UK election

"In Europe we get a policy decision and updated economic forecasts from the bank of England today followed by a press conference by governor mark Carney here with a preview from London is Bloomberg's Lucy me can the bank of England will probably keep interest rates of holes and causes question inflation full cost as breaks the questions continue to plague the economy the newly renamed Monty policy reports will provide the central bank's latest thinking as the U. K. faces political chaos lackluster growth and no clarity and has divorce from easy will be resolved it will also be the last chance to Janice to grill governor mark Carney before he goes into a quiet period Hey of the December election in London they see me can bring but

Europe Governor Mark Carney London Bloomberg Janice Bank Of England
Japan exports fall for 10th straight month in September

BTV Simulcast

00:45 sec | 11 months ago

Japan exports fall for 10th straight month in September

"We did have some dismal export data out of both South Korea and Japan earlier this morning is our two economies firmly caught in the U. S. China trade for cross hairs south Korea's exports during the first twenty days of this month falling twenty percent manis from year earlier Japan's exports for all of September drop for a tenth straight month by five point two percent does not bolster Christine Lagarde assertion that trumps trade policies have debt it damage the world economy that's what we'll be discussing later on in the show only mountainous absolutely and if we are fed back of what mark Carney said to Francine a in this state somebody the I'm and we are in a precarious position I was built up over a number all for months

South Korea Japan Mark Carney Francine China Christine Lagarde Twenty Percent Twenty Days Two Percent
"mark carney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:47 min | 1 year ago

"mark carney" Discussed on Bloomberg Radio New York

"CEO of Disney Jamie Dimon the chairman and CEO of JPMorgan chase we have no ranger mody the prime minister of India and many many more yeah exactly and I just love you know so many folks to from government who I really feel like can give us an idea of what they're seeing I think about mark Carney for the bank of. England the governor there Christine Lagarde very well known to a Bloomberg audience as she will be there she's the incoming European central bank president and I'm curious about what she sing in terms of the European economy obviously we'll talk about brexit issues as well and how they see something like concerns over technology and privacy Europe has really led the way when it comes to privacy concerns so be curious to see what she maybe has to say about what maybe we still have to do well and I will say having been involved in this in the last few years we both have one of the great things about this event and it is a Bloomberg event to be fair it it's really a lot about problem solving you know this intersection of politics and government and business these are the people who ultimately are going to get it done it's a working session no doubt about that panel after panel and you know I have been there were in the room and it really is amazing it's a credit event lots a security because you have all these world leaders they're having these very high level conversations you're bumping into presidents you're bumping into you heads of banks of corporations as we just ran down some of those who will be speaking there so it really is though a place to have a high level conversation and hopefully get something done so check that out its next Wednesday September twenty fifth here in New York City will be broadcasting live our colleagues from Bloomberg radio television will also be there all day we'll be putting it out however we can have print stories on the web podcast our weekend shows a weekend show you're gonna want to tune in well back to you thanks Jason and Carol and a note Michael Bloomberg is the founder and majority owner of Bloomberg LP the parent of Bloomberg radio let's head to the commodity space for the week ahead now and for that we bring in Bloomberg Jessica summers good day you Jessica Bob attacks to keep crude production facilities in Saudi Arabia on September fourteenth knocked out about five percent of global oil supply now there's even more concern about energy security Bloomberg's Europe gas power and renewables team leader reed Landsberg joins me from London. to discuss the implications of the attacks and how it affects the green agenda great to have you on read now before the strikes energy prices were relatively low in there seem to be plenty of supply available Saudi Arabia in the past has been able to quickly add oil to the market to balance any sort of shocks what might we see change now well just because the attacks really put energy security back on the political agenda it was Jimmy Carter's energy secretary of the nineteen seventies came plus injure you said that the US has only two modes when it comes to energy complacency and panic that need the tax at the very least revived concerns that it's not safe to depend on the Middle East for energy supplies ultimately that's a good thing for companies who are offering an alternative like wind farm solar farms electric cars it's very interesting now I also want to talk about how the tax may play into what we hear next week from the United Nations climate action summit in New York what sort of impact might we see when it comes to the debate around the reliability of fossil fuels. will be you and secretary general has a personal concern that the world is not doing enough to hold back also fuel emissions and no Sir called climate change his planned the summit a long time in his ambition is to bring together world leaders and companies who are offering something more ambitious to cut emissions of greenhouse gases he wants to give a sensible meant him to the whole process of putting climate change so my guess is that the attacks on Saudi Arabia our gift to the green movement because they damage the Saudi assertion that oil is going to remain cheap and plentiful for a long time in the future the attacks remind everybody that oil supplies can be cut off easily and the price in store over. now I also want to mention that claim it has really climbs to the top of the EU political agenda ninety three percent of Europeans see global warming as a serious problem that is according to a recent survey by the European Commission you climb in energy commissioner Miguel are yes connect they spoke to Bloomberg on the topic let's take a listen we only have learned the lesson we have to fight the global warming and we have to do have indigent claimants him bonuses and that means that we're getting now the fortune foods elimination their fortunes subsidies to fortune force developing clean energy is developing remembers inclusion and efficiency now what changes might we see in Europe moving forward do you see the attacks fleeing to countries becoming less oil dependent well the European nations have always been eager to distance themselves from middle eastern oil because they have so little supplies of their own they have to import everything and they've been pushing hard to reduce fossil fuel emissions for many years Germany in the plan Germany and France are all talking about net zero fossil fuel your mission by twenty fifty and none of them want to be importing more oil for the attacks in Saudi Arabia give national leaders yet another reason to be looking for alternatives to fossil fuels it gives them political cover for tilting the market toward renewables and away from oil and coal it'll be very interesting to see how this all plays out read thanks very much for joining me this is one of the topics were watching commodities for the week ahead in New York I'm Jessica summers Bob coming up on Bloomberg daybreak weekend we get the details on peloton's IPO plus earnings from Nike micron technology and more I'm Bob moon this is..

Bloomberg Jamie Dimon chairman and CEO CEO JPMorgan mark Carney Disney Christine Lagarde prime minister India England president ninety three percent five percent twenty fifth
Bank Of England And Mark Carney discussed on KDWN Programming

KDWN Programming

00:18 sec | 1 year ago

Bank Of England And Mark Carney discussed on KDWN Programming

"Bank of England governor mark Carney is warning that the British economy could be slowing down more than anticipated in the wake of the mounting bracket uncertainties also a trade tensions Carney said in a wide ranging speech there's a sea change in financial markets related to worries over the global economy and that's weighing on the British

Bank Of England Mark Carney
"mark carney" Discussed on Monocle 24: The Globalist

Monocle 24: The Globalist

04:14 min | 1 year ago

"mark carney" Discussed on Monocle 24: The Globalist

"So there's a whole load involved and what the Malaysian anti corruption commission has said today is they are seeking to get back, something like five billion dollars, which shows the scale of the corruption to start with, and if they did get the money back. That would be great news for Malaysian people. You know, the, the development Bank was supposed to improve that, you know, the economy, grow the economy, and that will reward the ordinary Malaysian people. So, so this would be a good thing. They haven't recovered much yet they recovered about one hundred million quid. The US department of Justice has begun returning some cash to the, the Malaysian authorities about two hundred million dollars. But, you know, I wonder if they'll be able to get all of that back. It would be it would be great, if they did for Malaysians, but that's an awful lot of money. And they're an awful lot of tax havens, regulatory havens around the world, which would stash the. Cash, and as we know from plenty of investigative journalists is very, very difficult to get these. You know, we, we these tax aids to open up about the money that they look after. Absolutely. Let's crypto currency now because Facebook has said that it's not it's own cryptocurrency Connie has something to sail. Not. So this is the governor of the Bank of England this speech last night. And first of all, it shows quite how far the Bank of England has evolved really under Mark Carney. The Canadian ex Goldman Sachs banker sort of it says quarter, a lot about how it's volved onto him that we've got sort of fussy old fashioned Bank of England engaging in the modern world engaging talk about crypto currencies the official launch Facebook can and leaper the it was only a few days ago. I mean I is a couple of things. If you're a central banker as Connie is now at the Bank of England if you're a central Bank, you don't like cryptocurrencies, because you don't control them central bankers control currencies to interest rates through making money available through the banking system. So that's the first thing this is this is why they also attractive to many people because they're not controlled by central banks. So in a way he sort of his said, could cut costs for people it banking it could improve financial inclusion, but at the same time, there was a big warning to Facebook shorter cough, the bowel, basically, if you think you are going to benefit from the unregulated, free fool the, the is in social media. You're not this is the world of banking and money and finance is not unregulated way will be working with you to ensure this can work Louis. Thank you very much indeed. That's Louise Cooper. This is the globalist on monocle twenty four and finally today, we look ahead to one of Southeast Asia's, most important summits taking place this weekend leaders. Oh, be associated of southeast Asian nations, or as Ian will gather in Bangkok this weekend with an agenda that reaches far beyond the ten member nations borders. The two key issues plastics in the ocean and regional trade delegates are expected to commit to reducing plastic waste and halting the flow of rubbish into the same, but it's unclear how they'll deliver them. Given the recent surge in the region's imports of electronic waste and other throwaways from wealthy countries as eons hope of mobilizing sixteen Asia Pacific nations for a trade pact. Covering thirty percent of global commas also faces hurdles if the blocks members split over the ongoing U S China trade wool things could get interesting. And that was Ben Ryan with the view from the monocle minute their heads a medical dot com slash minutes to sign up for our daily agenda-setting bulletin current affairs, smart business design culture, and more. And that's all for today's program, thanks to produces Marcus hippy. And Tom whole research is definitely it's Nick money's stadium. Managing Kenya scarlet with editing insistence from miles bloom, som after the headlines move music on the way the briefing live at midday, in London. I'm not Godwin the globalist. We'll be back at the same time on Monday. Thank you, Phil listening.

Bank of England Facebook Connie development Bank Mark Carney Nick money US department of Justice Southeast Asia Goldman Sachs Louise Cooper Kenya Ben Ryan Phil Bangkok Tom Louis Ian London
Bank of England Mark Carney on Facebook's Libra

Monocle 24: The Globalist

01:29 min | 1 year ago

Bank of England Mark Carney on Facebook's Libra

"Crypto currency now because Facebook has said that it's not it's own cryptocurrency Connie has something to sail. Not. So this is the governor of the Bank of England this speech last night. And first of all, it shows quite how far the Bank of England has evolved really under Mark Carney. The Canadian ex Goldman Sachs banker sort of it says quarter, a lot about how it's volved onto him that we've got sort of fussy old fashioned Bank of England engaging in the modern world engaging talk about crypto currencies the official launch Facebook can and leaper the it was only a few days ago. I mean I is a couple of things. If you're a central banker as Connie is now at the Bank of England if you're a central Bank, you don't like cryptocurrencies, because you don't control them central bankers control currencies to interest rates through making money available through the banking system. So that's the first thing this is this is why they also attractive to many people because they're not controlled by central banks. So in a way he sort of his said, could cut costs for people it banking it could improve financial inclusion, but at the same time, there was a big warning to Facebook shorter cough, the bowel, basically, if you think you are going to benefit from the unregulated, free fool the, the is in social media. You're not this is the world of banking and money and finance is not unregulated way will be working with you to ensure this can work

Bank Of England Facebook Connie Mark Carney Goldman Sachs Official
"mark carney" Discussed on Monocle 24: The Monocle Daily

Monocle 24: The Monocle Daily

02:02 min | 1 year ago

"mark carney" Discussed on Monocle 24: The Monocle Daily

"So those are both significant risks. Transition risks are probably more tangible immediately, but we can already see the physical risks manifesting themselves as well other any more specific examples that you can give us I know that Mark Carney has spoken about things like the falling sales of diesel. 'cause yet to examples are are everywhere. If you look at the on the transition risks if you look at the electric power sector firm start that hold power generation assets based in fossil fuels coal assets. Gus assets they have to be aware that they will not be able to run those power plants to the end of the economic life. We we know that the carbon space that is left for this sector research. None of those literally nothing that we built today in the power sector that emits cop and can be run for more than ten fifteen years. So people have to be aware of that. That's the power sector in the transport sector. The internal combustion engine is on its way out. So people invest in companies that are not good at electric cars. They will run economic risks. But because brought it in that still in the service sector construction firms advisory firms that are not good at building low-carbon homes or building low carbon infrastructure. They will not survive in this new economy. Their skills will be wrong in the financial sector itself. If financier stunk to understand the sort of the the financial and economic features of a of a clean energy project. They will not survive in the low carbon economy. So those risks go across everything every comic activity that we're engaged in an what do you think that businesses can do to help green themselves and to to cope? Well, there's a lot they can do. And they'll Presley the flip side of the the risks is the opportunities. So firm. Mhm step.

Mark Carney Presley ten fifteen years
Kim Jong Hoon, President Trump and Brent Cavanaugh discussed on Silicon Valley Insider with Keith Koo

Silicon Valley Insider with Keith Koo

00:19 sec | 2 years ago

Kim Jong Hoon, President Trump and Brent Cavanaugh discussed on Silicon Valley Insider with Keith Koo

"It says the twin turboprop aircraft will also improve Japan's ability to defend itself. The price includes the aircraft support systems and spare parts north of grummin corporation aerospace systems in Melbourne, Florida would be the main contractor as correspondent Jeremy house reporting supreme court nominee. Brent Cavanaugh says the latest claims about

Kim Jong Hoon President Trump Brent Cavanaugh Michael Medved Britain Senator Dianne Feinstein Japan Pacific Jeremy House Barack Obama Florida Mark Carney White House North Korea Bank Of England Grummin Corporation EU South Korea
"mark carney" Discussed on Coffee House Shots

Coffee House Shots

03:04 min | 2 years ago

"mark carney" Discussed on Coffee House Shots

"Is the world leader in brilliant customer service and provides a public contracts in immoral. It's the way it serves. You know, Christians, Jews, Muslims, atheists Amazon's every pretty much everybody and last, but not least the final grape getting negative publicity today is a group of Tory MP's heaping criticized too. They tried to pose your European parliament, fate to trigger disciplinary procedures against Hungary. We see number ten, try and if a damage limitation exercise it James will exactly has happened. So base. Toriumi didn't vote for this European pollen motion to begin chat to seven CDs. Humbly to essentially say we're going to investigate the Orban govement what it's done to the judiciary, freedom of the press and things number ten Abassi saying to them, can you make clear that you vote against because you vote again, you don't think the EU should do not because your friends wave or at Mars, all of Victor Auburn. Now I personally think that this is one of the reasons we should leave the EU because to auburn's government, his political party. What group is in the European parliament sits in the EP the supposedly mainstream center-right group, which the conservatives left. Now, I think this is kind of fundamental Manfred vaber who will be their candidate to be the next president of journalist can. Yes, sir, Jimmy's president vision. He has previously said nice things about two older neighbors it on lots of. And so I think even now he's not saying orb is going to be kicked under the EP. So you say, yeah. Yeah, you're so bad. We're going to censor you, but by the way you can still stay in our gang it because they want to use the numbers of ovines party to influence their power in the parliament. Now, I don't think this is particularly when you think about it like this particular organization that we should particularly that represents the great height of civilizations. I mean that we should be desperate to stay, and it's interesting that Sebastian, Kurds, whom I wrote about me telegraph Cullum today. I think he's incredibly shrewd politician as liberty us go far more chance of Macron than we shaping the EU. Now he has had tackler lines of Hungary, his neighbor in the various issues, but he stepped away the last minute and told his him. His piece vote for the censure motion because he worked out it was good politics. On a practical level. The conservatives are quite right to say this article, seven procedures completely pointless. You need unanimity to be able to go through with this procedure which is never going to happen because pull into said it will always be too anxious against Hungary. And hungry said it will always be too anxious against pool. Ready under investigation under article. Seven. Yeah, but not really means anything. It's a slap on the risk is a massive 'bout virtue signaling, and I can see why the conservatives might have thought, this is all just nonsense. We're not going to go along with this. We don't endorse orbin. We used to think the EU doing this kind of maneuver, but I can also see the optics of this is not great and Kurtz realized that and Kurt suggested thanks, thanks, James. And he liked this podcast. Deface subscribe on IT store and he really liked it. Please review..

EU Hungary James Cullum Jimmy president Amazon Orban Manfred vaber Victor Auburn Toriumi auburn Sebastian Macron Abassi Kurt Kurtz
"mark carney" Discussed on Coffee House Shots

Coffee House Shots

04:17 min | 2 years ago

"mark carney" Discussed on Coffee House Shots

"People trying to come up with pragmatic things. The government would do. I also reminded how the government doesn't have an economic agenda and who, again must by the blame flat the chancellor, someone who was present in the meeting said that when you listen to Jaffna Hanko thinking here is really quite go ideas to economic growth. Why don't we just do them anyway. I know if disaster scenario we might cut taxes and grow the economy and this never occurred to me. We can't do that right now. Now another man making the news today is Justin Welby. The archbishop can't be as being mission. Recent need to recast himself as an inequality champion in. In the quest to make society fair, and some his targets so far have been Amazon, but she says, Leech off the tax payer by not paying enough tax and all save being the gig economy as a potential Yvo. The problem is they're now report showing that the church vein actually invest a lot in Amazon and the not to stop investing in them phrase it. How does this make the? I'm just lik before his recent efforts from Luke ridiculous which afraid to say he invited and it's just tragic to see just to Huston to sue well as archbishop of Canterbury, who actually look like he actually might believe in God and be interested in reviving the religion. And that's seems given up on that and instead doing his predecessor room Williams did, which is just trying to hitch the church to some kind of fashionable political idea. So he is. Baffles me why somebody with his platform at a time where we had report last week showing how far the church of England's of falling numbers you'd think he'd be focusing on that Banou uses platform to add his voice to the great many others on the report about basically, indoors, Inc, economics. He's giving speech to see today. I would like to see him more concerned about the declining number of Christians news about this climbing number of trade union members. And also when it comes to trying to enlist God on one side or other of the political debate. That is a trick. Even politicians don't play. You can be Christian and believe the corporate economics are a danger to social Justice and integrity. You can be a perfectly good church vicar order books from Amazon. You can be a perfectly good Christian church of England. Fund manager and invest shares nam as just in Welby tries to quote the bible in support of one political idea another. He's going to end up the dangerous territory in which he now finds himself jazz. Do you think this negative publicity means we're going to be hearing less from Justin Welby and their weeks months to come? I think not in there's a certain type of person who the more negative of St. they get the more people shout and scream at them. The more we feel they must carry on speaking up. I think there is. Here the confusion about the nature of the economy, which is everyone assumes what is happening with the game. Calling me is the people who previously had reliable, nine to five jobs with benefits on our finding. They all basically being forced off those jobs and on two zero contracts, itching to get staff jobs and they can't take them because the crew employer would offer them the upgrade, which they desperately seek exactly where that is happening, where employers are pushing people off permanent contracts on two zero contrast against always in not a good thing. However, there's another economy is a good thing, which is it offers flexibility to people basically wants to be micro jobs. They basically have enough time. They wanna do twenty hours of work a week and the eye on times maybe their students in their basement with that. The economy that is clearly a good idea. I think this is all of these criticisms are just way too simplistic in that. They just seem. It is a good thing, a good thing or bad thing in itself, and it varies case by case I was on Amazon. There's always the issue about taxes. It pays out the Amazon, those Crusoe's Falloon height because he is just so convenient on the very hard to imagine how you're gonna get people to stop shopping on something, and you can bet they'll be several Anglican clergy and concertgoers quite happily use Amazon for the point James says is incredible..

Amazon Justin Welby Jaffna Hanko Williams chancellor Christian church of England Welby England Luke Canterbury Yvo Fund manager Leech Huston Banou James twenty hours
"mark carney" Discussed on Coffee House Shots

Coffee House Shots

04:12 min | 2 years ago

"mark carney" Discussed on Coffee House Shots

"I mean, there is a danger hair that this attempt to make people being only golden ideal happen Boeing coming on projections that are, but all I extremely this and and. I think SAFA on the interrogation because no one would do nothing in this scenario. You actually make being all it's all fair again, which actually not helpful to those who actually want to get a deal. It's a phase. This isn't the fast time we've had about hassle event Brexit. In fact, George Osborne had his own warning headed the referendum and is that it could fall by up to eighteen percent at the time. Some people here is actually making argument the leave campaign given the not silcon afford to get on the housing. Do you think that this is going to be greeted by everyone is offline is well, if house prices were to drove by third, I imagine anybody under the age of thirty five would be delighted. One of the biggest economic problems we've got in Brazil right now is an asset bubble which is looking huge numbers of people ended the housing market. And if we were to have a correction of sorts, it would be probably the most. The best thing the government will have ever done for young people at the time Briggs. Larry Prendergast to blog saying that she was quite skeptical about the case for Briggs it. But if it was. Going to bring this house price crash them, bring it on. But the problem of Osbourne's illustration, there is exactly the same as Carney's one. Now it is based on a rather misleading premise, neither those don't use were saying the how Briggs it would lead to this is after the disaster scenario as their starting blog. So Georgios were saying, okay, we think the Brexit vote could be bad to let us start with the premise of half a million job losses and twenty percent house prices. He never actually explained how vote for Briggs. It will lead to this narrow because it's impossible to do so it was a massive leap, but he wanted everyone to focus a disaster scenario a not how an earth voting to leave e you might induce this disaster. Now with Mark Carney, he is disaster scenario isn't one that he thinks would be just Brexit. He hasn't got any mechanism. Any model whereby new yo- Brexit would lead to that. What he's saying is that the Benjamin Lind's now and again, does. For a general disastrous. Now you could be triggered by anything. This disaster scenario, the worst one as house prices pulling falling by a third could happen after another credit crunch for example, or some other unforeseen events. And the Bank of wound says, if his was to happen, how would we respond? That's what he was referring to. You wasn't saying Nodio Briggs. It would ingest this. But obviously, if you talk about this disaster scenario in the context of Brexit, that's the message people are going to hear. I've into that Connie in the Bank. It wasn't the Bank. I don't think you put this out, but Carney should have known how reported because he did exactly this today program in radio for a couple of months ago, you went in talking about disasters, narrow new links to Briggs it. So technically they are wasn't talking about Brexit practically. I suspect he knows exactly what he is doing. I'm afraid to say, I think Marconi has got more political guile vanilla sauna and giving them this is the second time. His disaster scenario has been conveniently misrepresented as a break. Zits sky falls in thing. I'm beginning to detect a patron. James just quickly about cabinet meetings. So we're hearing that the no really Brexit is challenging Connie's figures. Instead, it felt to such jevon Matt Hancock to really query how the Bank would respond. They now the people fighting the hardest Brexit in the cap around the cabinet table. This was is again, is deal at new woman respond. Outlawing the economic policies that you could undertake in the event of a no deal Brexit. There's a very odd thing because the Hammond doesn't want deal for having. A little bit of for helps extra turning up to cabinet meeting and saying, well, if we had a massively contagious disease, it was spread rapidly really country and the dead end up ten million lives all over them. We create isolation units in hospitals. We would do. We would do that and I want you saw and sort of hang Javad is usual, pragmatic..

Nodio Briggs Brexit Mark Carney Bank Benjamin Lind SAFA Connie Boeing Georgios George Osborne government hang Javad Larry Prendergast Osbourne Brazil Hammond Marconi
"mark carney" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

10:30 min | 2 years ago

"mark carney" Discussed on WNYC 93.9 FM

"And the New York conversation. It's the BBC NewsHour on WNYC in New York. I'm Richard Hake. The center of the category four hurricane Florence is still swirling with top winds of one hundred thirty miles per hour about five hundred thirty miles southeast of Cape fear, North Carolina, and it's a protein the coast at seventeen miles per hour. Pope Francis is summoning the presidents of every bishop's conference around the world for a February summit to discuss preventing clergy sex abuse and protecting children Francis. Is key cardinal advisors announced the decision today is the latest chapter in the Catholic church is long running sex abuse and cover up scandal here in New York City schools with many low income students have seen a drop in federal funding over the last decade this according to a report from the independent budget office. Erica Vladimir is a researcher with the I b o. She says title one funds. Comprise the biggest pool of federal aid to elementary and secondary schools. It's really focused around academic enrichment. So sometimes it's after school programs. Sometimes that's during the school day. That's also, you know, getting parents involved GM's funding has been stagnant. The number of low income families and schools has increased immigrant rights advocates are calling on governor Cuomo to sign an executive order allowing drivers licenses for undocumented immigrants Carly FOX of the worker Justice center organizes migrant dairy workers she says because they can't get licenses. They were speaking deported. Governor Cuomo points to the legislature and says that we really need to have this past through the legislature. We agree and at the same time, we know that he has in his hands the chance to change the lives of these workers governor's spokesperson says he supports licenses for undocumented immigrants, but an executive order would face lawsuits brought by counties that oppose it. This is WNYC. Coming up next, the European parliament votes to trigger disciplinary proceedings against Hungary. But I it's the tenth anniversary of the global financial crisis. And the governor of the Bank of England, Mark Carney has been speaking to our economics editor Kamal Ahmed. He also about the risks of a repetition and among the areas, he highlighted was the levels and nature of debt in the Chinese economy. One of the bigger risks for the global economy are developments in China. So China is a great source of growth for the global economy. It's absolute economic miracle. Lots of positives at the same time, their financial sector has developed very rapidly. And it has made many of the same assumptions that were made in the run up to the last financial crisis. Mark carney. I've been speaking to Martin Jack's China specialist and author of when China rules the world whether we agreed with mR, Connie. I don't think China is the biggest risk. Don't think. Actually, Mark Carney thinks he does the Chinese economy is the biggest in the world. So therefore how it behaves is extremely important for the health of the global economy. Once got to say China's remarkable record of economic competence. I do period to that of the west. But there are problems one of the most important is clearly the debt problem and the debt problem actually goes back to the immediate aftermath of the western financial crisis. China engaged in a very big public spending program to try and deal with the situation in the west for which we should all be grateful because China has been the major motor of the global economy ever since let's talk specifically then about the way and how quickly the the debt issue has manifested itself. Mark Carney talks about the shadow banking sector in China much of the practice within that sector is good. He argues. But there is been so much as you've just alluded to that the quality has gone down. And that's where he highlights the potential for risk. Can you just explain how that could manifest itself? The shoulder banking system learns to lots of companies, the loans are not very good. The companies you're come meet the payments on the loans, and they become bad debts in the shadow banking institutions and saw on if it's a big enough scale, it could under certain circumstances Hubble the Chinese economy. Do I mean by hobble well, its growth rate is six and a half seven percent. It could bring under acute circumstances. The gross rate down to close to zero. Okay. So that's pretty profound. What regulatory practices are enforced? The Chinese economy is extremely well managed. They don't underestimate the debt problem there. Constant introducing new regulatory mechanism just not one or two. It's an ongoing process of trying to get this thing under control. Lina they've made some serious progress. But there are still problems. Do you think it's being overstated than that? What might precipitate another financial crisis that a trigger could be the the debt issue in China? Majority of economic pundits in the west have been beds. And they've got it wrong. China has displayed enormous competence acute country transformed, and they haven't had a status crisis. Join this bit. I'm very skeptical when people cry wolf about China will have a crisis. The remarkable thing is that they haven't other crisis. I was speaking there to China specialist. Martin jacks. You're listening to NewsHour from the BBC. I'm Raza Akbal. The very public fight between members of the European parliament and Hungary's Prime Minister Viktor Orban has come to a head today this morning. The European parliament voted to pursue disciplinary action against Hungary over alleged breaches of the EU's core values a move applauded across the chamber. Mr Obama government has been accused of attacks on the media minorities and the rule of law charges, which he has denied we can speak now to our correspondent in Strasbourg. Adam Fleming, Adam Viktor Orban was in the European parliament, his speech didn't appear to convince the parliament resulting in this unprecedented. Move. No. And neither did the one hundred and nine page dossier. Rebutting every allegation made against the Hungarian government that was sent to every single member of the European parliament this week, you mentioned Viktor Orban's speech yesterday. And it's quite a dramatic moment in the chamber. He was the opposite of contrite. He basically told the European Parliament's to but out and accused them of being insulting to the entire Hungarian people. So he endeared himself to very very few people when he spoke yesterday, and he certainly did not endear himself to potision called Manfred vaber who's a German MVP who is the leader of the centre-right grouping in the parliament, which is made up of all the the main center right parties across Europe of which Viktor Orban's party is a member and last night's Manfred Weber said he would be voting to trigger article seven turning his back on his former ally. And that is what made this vote today pretty adaptable. What is it going to mean? Now what happens next? Well, there's going to be loads of tensions in the European People's Party that sensor right political grouping that will play out over the next months in the next few years in terms of the Arctic living process itself. This has been the moments of political drama. What happens next is it now is in the hands of the Member States themselves, the twenty-seven other countries of the EU their ministers their leaders. They will have to get together and decide how to handle this under the legislation. They are entitled to ask the Hungarian government to a series of hearings where they make their case and can be asked questions, the EU countries can then address some recommendations to Budapest and monitor whether those recommendations are put into practice by the Hungarian government. And then eventually further down the line that could be a vote on. Whether actually there is still a risk to the values. Very importantly, no one is talking about using part two of article seven to get very technical for a second. That's the so-called nuclear option where a government can actually have its voting rights in European summits suspended. No one is talking about that because as a nuclear option as the name suggests it's quite a drastic thing to do, and it needs all the other twenty-seven leaders to agree not every country thinks this is the right thing to be doing. So the moment of political drama has passed it could now be quite a long bureaucratic dare. I even say it boring process ahead, just very briefly Claude Janka, the President European commission was giving his state of the union address main points of his speech. So is his last twelve months in office. He doesn't want it to be dominated by Brexit. So he said very little by the UK's departure, the focus was on making the EU a big player on the global stage. He said he'd been to China, Japan he'd been to Africa. He'd been Washington relies the EU needed to punch above its weight. Make a difference in the world. In terms of tangible things that's going to be a big trade agreement with Africa trying to get the euro to be a rival to the dollar and actually getting some of the countries to give up their their visas on foreign policy matters to make it easier for Europe to speak with one voice when it comes to diplomatic issues. We will leave it that Adam Fleming. Joining us live from Strasbourg. Thank you. Now when is a drug a medicine, and when is it a dangerous narcotic, many European countries are struggling with definitions as doctors and patients point to the advantages of medicinal cannabis earlier this year a British couple faced legal battle to continue getting cannabis oil for their son who had epilepsy in other countries. It's permitted, but not covered by health insurance in other still it simply forbidden imaging folks looks at the situation in Switzerland. Home of some of the world's biggest pharmaceutical companies, and where medicinal cannabis has been permitted for several years. We have different strains in here with maybe fifteen different kinds of soil on an isolated farming Switzerland's lush green countryside, Marcus Louise, proudly surveying his crop growing. Most of it at the moment a greenhouse here. But this is no ordinary farm..

China European parliament EU Mark Carney Viktor Orban parliament Adam Fleming Hungary Strasbourg Hungarian government New York City governor Cuomo Florence North Carolina Europe Pope Francis Richard Hake
"mark carney" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

03:45 min | 2 years ago

"mark carney" Discussed on Monocle 24: Midori House

"Mark Carney many wistful remain is of the period, wondered if they will some mechanism by which he could just be put in charge of pretty much everything colony was due to leave his post in June next year, but has today agreed a seven month extension. I've basically is this good news or a suggestion that the government is in a state of desperate panic and has absolutely no idea at all what's going to happen in much. It could be both. In fact. That is, of course, option c. Always Chit in this is betraying my personal politics when I hear now for Raj denounced something that's happened. I think it can't be all bad. Farraj is cool was lead if you like, unofficially, they leave campaign and he and fellow Brexit tears. As we call them in parliament were quite upset by this news because they see George, they see the governor is somebody who's prepared to do everything he can to limit the damage or they wouldn't see it as damage, but to limit Britain's options when they leave the EU. So I think this is jolly good news and it reassures me just a tiny bit that there is at least a grownup somewhere in the government machine, and it won't be the total disaster, but it looks like it might well be. A still more pessimistic analysis of this. If you look at Philip Hammond statement, which replayed it clip off at the top of the show, he was suggesting that what was the quote, despite various personal precious to conclude his term in June, he that is to say, Mark Carney will continue, should we be worried that it's apparently such a shambles that Mark Connie doesn't feel like he can in all honesty and decency actually go, I think he has a sense that the his job requires him to see it through. There is no overwriting reason apart from family pressure as I understand it for him to go back to Canada, which is normal place residents before all this is concluded. I think it is good news, frankly. I mean as either says it, it's an indication that somebody with a grasp of what's going on remains in an important road. It's also quite interesting in terms of wealth. Power lies within Theresa May's government. This is something very much Philip Hammond, the chance for the shake a wanted. He is regard. Dude with absolute fury by a lot of the more extreme pro Brexit colleagues in the cabinet because he has lost no time and new unity in pointing out the risks that Brexit involve and what he's trying to do. It seems to me is minimize the impact of those risks by asking Mark Carney to stay on and probably for the good of the nation. Mr. Kearney's said, okay, all stay either. Philip Hammond, the chancellor has said that Connie staying will support as he put it. I'm using his words, a smooth exit from the EU can can even Mark Connie manage that. At this point, the rethink thought, crosses my mind that maybe Clinton could manage a Canada plus plus plus. He's staying joke, Canada, plus is seen as one of the oceans and Connie is a Canadian. I personally am somebody I was having a discussion yesterday about how awful the BBC was, and there was me loyally defending it. And people said, it's not giving us the facts about leaving, and I said to this person, but there are no facts about the future, which I thought was very profound philosophical point. You should never make addictions about the future. They say this. But so you know the truth flaunts who who knows is there such a thing as a smooth Brexit personally, I don't think so, but you know a lie on many political predictions in the last ten years, I've been wrong. We might have a smooth Brexit might be setting the nation free. We might sail.

Mark Connie Mark Carney Philip Hammond Brexit EU Canada Theresa May Raj George Mr. Kearney Clinton Britain chancellor seven month ten years
"mark carney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:55 min | 2 years ago

"mark carney" Discussed on Bloomberg Radio New York

"Is Bloomberg surveillance from New York City. This is a Bloomberg surveillance alongside Tom Kaine. I'm Jonathan Farrow to as away from the opening bell. The news you need to know this hour. Mark Carney has gone to stay on as the governor of the Bank of England until January of twenty twenty. He would extend his term to help stand. The UK economy in the wake of Brexit county had been due to step down in June twenty nine thousand nine a measure of optimism among small business owners rose to a record in August. The national federation of independent business says companies are planning the most capital spending since two thousand and seven and hiring intentions hit an all time. High oil is holding near sixty eight dollars a barrel after four days of losses amid speculation that hurricane Florence could. Disrupt supplies and drive up fuel prices and stocks in Hong Kong have entered a market the Hang Seng index seven tenths of a percent drop today extended its lost since January to more than twenty percent. Some of the news on all right down this morning. Let's get you some headlines now from around the world Michael Bach. Michael. Good morning Jonathan good morning. Tom hurricane Florence has slightly increased in speed as it heads toward the US east coast. The National Hurricane Center says that Florence has one hundred forty mile per hour winds it is expected to hit the Carolinas late Thursday possibly up to a camp five. President Trump is calling for a criminal investigation into the anonymous op Ed piece published in the New York Times last week, the president's son, Donald Trump junior is slamming the author who claims to be part of the resistance inside the White House. Trump junior spoke to ABC it's pretty disgusting. That's pretty sad. Perhaps it's a disgruntled person who's been thrown out because they didn't deliver what they were supposed to do. What's the crime, though? So I think you're subvert the will of the people I mean to try to control the presidency while not the president you have millions and millions of Americans who voted for this. It was seventeen years ago today that the nine eleven attacks took place ceremonies will take place today. Global news twenty four hours a day on air and tick talk on Twitter, powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg Jonathan Michael thank you very much says stick around because I'm gonna get you update on the NFL now for the Bloomberg NBC sports brought to you by investors Bank is Jon Stashower. John. And then it was a nightmare. I play the jet season. But the first game was a dream in Detroit. Sam darnold twenty one years old youngest week one starting quarterback since at least nineteen seventy on the first play. His pass was intercepted return for touchdown. But he was solid after that. He's certainly I've played the lions veteran. Matthew. Stafford was intercepted four times jets. Ran one of the picks back for TD. They had a punt return for touchdown. They set a club record with thirty one points in the third quarter. They blew out the lions. Forty eight to seventeen that's the most points. The jets have ever scored in a road game. New coaches Owen seven John gruden's return in Oakland, the raiders left to the Rams thirty three to thirteen Yankees in Minnesota scoreless in the sixth inning. Gary Sanchez along homerun yank then put up.

Bloomberg jets hurricane Florence Jonathan Michael Jonathan Farrow president Tom hurricane Florence John gruden lions President Trump Mark Carney National Hurricane Center Donald Trump New York City Tom Kaine Trump Michael Bach Bank of England Jonathan Michael Barr
Crisis-hit Argentina hopes for improved IMF deal this month

Bloomberg Daybreak: Europe

00:42 sec | 2 years ago

Crisis-hit Argentina hopes for improved IMF deal this month

"Things off Argentinian finance minister, nNcholas twohove. And he says the IMF will probably decide in the coming days in his request for faster credit talks came as the Argentinian central Bank warned of a deepening recession amid a collapse in the Pessoa their currency. Bloomberg's Patrick Glaspie has the latest leaders from Argentina in Washington on Tuesday with Christine Lagarde to help. Restore investor confidence in the South American nation nNcholas to hoping they called it. A very good meeting though, we declined to provide details such as how much money of the fifty billion dollar credit line. Argentina is requesting to be expedited from the IMF Lagarde said she hopes quickly conclusions. So she can present a revised agreement to the IMF board for

Garfield Reynolds Hong Kong Indonesia Argentina IMF Bloomberg South Korea United States Asia Barratt Developments Christine Lagarde Barkley Governor Mark Carney Turkey Barklay Group Taiwan
"mark carney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 2 years ago

"mark carney" Discussed on Bloomberg Radio New York

"Governor Mark Carney faces questions from lawmakers likely to be questions about the length of his tenure in the US full. Congress is back with Donald Trump supreme court nominee. Brett cavenaugh testifying on Capitol Hill and later, the IMF Christine Lagarde meets Argentina's treasury minister nNcholas to have to review details of a loan agreement. The government hopes to speed up still ahead on Bloomberg daybreak Europe has well Italy getting down to budget business so questions over how far they're going to push the three percent deficit limit. We'll be live in Rome next actually look on the Bloomberg. One of our reporters has written up a note from city saying that Italy's budget may be a non event and volatilities to stay high. So basically, what city saying that the it'll Italian government may opt to be less confrontational than investors. Fear. Ahead of twenty nine thousand nine European elections with a focus on quote zero cost measures rather than risking challenging reform. So city saying this in a note, and while the budget law may end up being a non invent city expects the fear factor to lead to significant volatility in the next weeks and city strategists are constructive on Italy's equity market. Interestingly the footsie made was one of the better performance at the start of the year. It's certainly not anymore. It expects the footsie move to go up from current levels though. By the end of the year, though, it's likely to be an uptrend bumpy ride with significant volatility due to potential risks from political uncertainty. But of course, the prism through which we look at the success or failure of Italy tends to be through the BT people and spread and I can tell you that the tenure yield is down nine basis points three point zero seven percent the ten year Boondi up two basis points at thirty five basis points, which means that we're seeing spread tightening on that beat EP Boone spread right now. It's at two hundred seventy one basis points. Remember, we got to two hundred ninety one the highest. Almost five years at the end of last week. This is Bloomberg. Business. Data is time is running out for penguin colonies have emptied in the last five years as there breeding populations have gone from two million pairs to.

Italy Bloomberg Governor Mark Carney Donald Trump Christine Lagarde Congress US Rome Brett cavenaugh IMF Europe Argentina nNcholas BT five years zero seven percent three percent ten year
Trump Focus on Mexico Trade Dashes Hope for Quick China Progress

Bloomberg Surveillance

00:27 sec | 2 years ago

Trump Focus on Mexico Trade Dashes Hope for Quick China Progress

"Are two, hours away from the opening bell let's get. You updated on some of the news that you need. To know at this hour US stock futures, higher after a day, that both. The s. and p. five hundred and? The NASDAQ closed at record highs stocks rallying after President Donald Trump announces that. The US is pursuing a new trade accord with Mexico to replace the, North American Free trade agreement Meanwhile President Trump says it's not the right time for

President Trump United States Michael Barr Odell Beckham Mark Carney NFL Executive Serena Williams White House Evening Standard John Mara Treasury White Sox Beck China Bank Of England Tiffany Democrats
Bank of England Raises Interest Rates Amid Brexit Worries

Politics and Public Policy Today

04:17 min | 2 years ago

Bank of England Raises Interest Rates Amid Brexit Worries

"Home goods retailer would be folded into HSEN Gina Cervetti CCOO in Minneapolis I'm reporting, that a, Chinese hospitality provider, is weighing the bid for Radisson hotel I'm serenity on WBZ 'em in Chicago locally based HR firm. Challenger Gray and Christmas reports announced layoffs were down in July by twenty, seven percent from the previous month for on KOA com got, a ham from mother nature as farmers rebounded from the start Thank you Courtney today the Bank of England raised its benchmark. Rate to the highest level since two thousand nine as governor, Mark Carney played down concerns that Brexit could be a disorderly process just after the decision Carney spoke, with Bloomberg's Francine LA I think important thing is that this is the right. Decision for the economy given the track that it's on their, obviously there's, a wide range, of Brexit outcomes that are possible and we all hope that by the end of the year will. All be much better informed on which the UK and you're taking In a variety of those potential outcomes They would be. Consistent with, rates at their. Current, level if not if not higher certainly there are could be circumstances where, it would make sense to adjust policy but I think we'll all know what the. Circumstances are in the at that point we'll. Take them into account and take? Decisions what did you not say that actually a disorderly Brexit would automatically will. Wait cuts, because it doesn't automatically follow I mean certainly a set, of circumstances like what happened post referendum where the balance of what happened to the future supply of the economy Demand which was more of a business hit a consumer hit if you recall the time and the exchange. Rate the, combination of those things made sense for us to extend, the horizon over which we brought inflation pack the target support the economy To two years, to today I mean I would, say this but it. Does look like the right call we've got inflation, coming back to target we've got a record employment growth we've got real wages starting to grow we're in. We're in a better position But there are circumstances where, the balance of those three factors would be to inflationary for the tolerances. Of the in the end we? Can, stretch the, horizon we can support jobs and activity but up to a limit and we have to make those judgments at at at that time if. There is a hard Brexit are a crashing out toward ugly Brexit what would happen to the markets well I mean the markets will determine it depends how much the markets have. Pulled forward that situation how much, they then -ticipant as with any market event what what I will tell you go directly to our responsibilities more broadly within the Bank is it's our responsibility to anticipate a very bad version of that. Cliff edge, disorderly Brexit what could, happen to the markets how that would affect. UK financial institutions that we supervise and. Regulate and make sure they have. Enough capital enough liquidity there on top. Of the, risk management prepared for it We had done that we did, that with a brutal stress tests last year and they are capitalized for that and I'm gonna be here when it happened so I'm not if it happens I should say Jeez As a consequence of that, year we, have we have the confidence. There the other set of issues relate to cross cutting issues and the derivative markets insurance markets having to do with personal, data And for those we're very. Clear checklist of he needs to do what and where we are in terms of solving would you extend your tenure given. That it looks like that won't be finished by ninety, leave the well the crunch point really is between the crucial period in the negotiations of see between now and. The end of the, year there needs to be parliamentary approvals by the Brexit day the twenty ninth of March and, the most intense set of. Issues around Brexit or in that in that horizon so as I say it'd be here and.

Brexit Mark Carney UK Bank Of England Gina Cervetti Ccoo Hsen Francine La Gray Courtney Bloomberg Minneapolis Chicago Cliff Edge Seven Percent Two Years
"mark carney" Discussed on Newsradio 830 WCCO

Newsradio 830 WCCO

04:52 min | 2 years ago

"mark carney" Discussed on Newsradio 830 WCCO

"Nineteen sixty eight. In high school we were trying to figure out what the lyrics. Word to this sign got. Gotta davita it sounds like he's. Singing with marbles in. His cheeks what is he saying We couldn't figure it out he didn't even. Know what it was There are so many songs. Back then that I interviewed a guy Oh what was his name wrote a book the title of excuse me while I. Kiss this guy and it was all about lyrics that we misunderstood And it was it was just hilarious talking with him In the garden Evita was one of those you know it took you until you until somebody actually somehow got a hold of the actual music is not like today where you can type. In what are, the lyrics do in the gotta. Davita first of all. We Couldn't Spell and? Gotta davita we. Had no idea does it mean something I don't know. I still don't know to this day I don't know And I. Got a w what? Does that mean Let's go to our number six five one nine eight nine nine two two six toll free eight. Six. Six nine. Eight nine. Nine two two six Nebraska allow Mark hi Al. Say from what I understand in a got it Evita it's in. A garden of Eden Yeah you know now's. You. See that. That brings. A bell yeah but that that's what I remember but I wanted to make a comment Go ahead The gentleman talking my Jeff. Johnson. Temple any did you ever see the movie green fried, green tomatoes did. Not know I. Loved it I. Saw, it yeah There's a line in there I'm gonna modify it slightly, are you Tim. Plenty or line. Just running your. Family Yeah yeah I've heard. The, line But you have a great show and she'll let. Your wonderful as well Gobi grad Scott prompters. Our new quarterbacks coach and I think. He's got us on the he he will have on the. Right direction I'll, tell you what it something needed to? Be done now whereabouts, in Nebraska, are you calling from Mark Carney car and I've talked before oh yes Yep Yep I might my brother-in-law. One of my, brother-in-law's lived in Kearney for a while? He was going to, school there That's a great town Yeah it. Is truly. Is Mark thank. You appreciate. The call thank. You, you take. Care avid great night she'll let it was on this date in one thousand. Nine hundred sixty nine The crew of. The Apollo eleven Neil? Armstrong Buzz, Aldrin and Michael? Collins blasted off from Cape Kennedy. On their first manned mission to the surface of the moon wow I remember like it was yesterday. What was it like I. Mean, what's the. World just kinda. Standing still. Watching this we. Were mesmerized. Can't even imagine. This, amazing took. Off and and back then we had four networks I mean that was it Three big networks. ABC NBC and CBS asked before any of the cable stuff came around and we were glued we. Were glued to the TV's For the take off and then when the when the capsule broke away in in that went down to the moon we were just fascinated and I told. The story on the year before For the first step on the moon I was, up at the cabin on Half Moon Half Moon lake in western Wisconsin By Balsam lake, and it was up there. With my my friend. Danny cold on in his family and we watched the. Moon one Armstrong jumped off the ladder was higher than the expected, it, to be and when he said. That's one, giant leap for man. And blah blah blah one giant. Leap for mankind I mean it was it was it, was just an incredible moment and You know at the cabin. There we'd look out. We go outside and look at the moon and we're. Thinking isn't it incredible to think that there are guys up there, on, the moon on the surface of. The moon, and we you know. We had just graduated from high school We re teen years old And then driving back to the, twin cities, the night after you know You know here we are at nighttime and were it was about all I'm guessing hour fifteen minute drive right around there Our twenty, minutes something like that and as. We were driving we'd look up at the moon And it was..

Half Moon Half Moon lake Mark Carney Nebraska Scott prompters Kearney Gobi Cape Kennedy Balsam lake Jeff Johnson Armstrong Neil Danny cold Aldrin Collins Wisconsin CBS ABC Michael NBC
Goldman CEO Lloyd Blankfein to retire, to be succeeded by Co-COO David Solomon

Chris Moore

03:54 min | 2 years ago

Goldman CEO Lloyd Blankfein to retire, to be succeeded by Co-COO David Solomon

"Trying to find. A new fair value Deborah mind has your first word headlines she joins us Deborah President Trump has reversed his denial of Russian election meddling that's after a widespread backlash including from senior members of his own party Trump now claims he, missed the one word during his news conference with President Putin in Helsinki the attended clarification comes more than twenty four hours after this comments from. Which he hadn't backed away in several subsequent. Media interviews I realized that there is. A need for some Tariffication I should have been thought it would be But I would like to clarify. Just in case it wasn't in my remarks I said the word would instead of Shannon's should have. Been I don't see any reason why Why it wouldn't be rushing the Bank. Of England is a step closer to a rate hike that's after you came playmate rose to a record and the three months through may governor Mark Carney has cited strength in the labor market and limited spare capacity as reasons to raise rates though he's not said exactly when the money markets are now pricing in an eighty percent chance of. Tightening at the bank's next meeting Goldman Sachs has. Confirmed that David Solomon will succeed Lloyd blankfein as CEO October I. Will usher in the new era only the second hand over of power and Goldman's two decades as a public company at fifty-six Solomon will be the banks oldest new leader and almost half a century blankfein has been a Goldman for thirty years he's expected to pocket almost eighty five million dollars when he finally walks away I'll be stepping down as CEO at the end of September and as. Chairman and I will retire from the firm at the end of the year Global news twenty four. Hours a. Day on air and. Take talk on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Deborah now this is Bloomberg Debra thank you very much, now the fed chair Jay Powell has tweaked his language as I was saying about the right path adding words for night as a caveat his description of the. Central banks. Plan, to keep hiking With. A, strong job market. Inflation close to our objective and the risks to the outlook roughly balanced c, believes that for now the best way, forward is to keep gradually raising the federal funds rate In his testimony before. The Senate banking committee Powell also spoke about. The yield curve as fears of inversion rise the shape of the curve is something we've talked about quite a lot different people think about it different ways some people think about it more than others I. Think about. It as really the question being what's what's that message from a long run rate about neutral rates Let's bring in rob Subramaniam had of. Emerging market economics for Asia excluding Japan fixed income research at the more he joins us now from a Singapore. Studio great to have you with me this. Morning my question to you is this was not a slightly more dovish fed with those two magic words four NY Yeah I actually think so I think the feds no more dovish hawkish after Powell's. Testimony to me the, full now really signal that the fed is a lot more data. Dependent than the east to be pal talked earlier about how they're, going to, move very gradually and one risk. Where they may have to celebrate the pace. Is if inflation picks up foster all financial. Stability risks grow more but he also said we might have to hike more more slowly than the, current course If the signs.

Deborah President Trump Jay Powell FED President Putin Goldman Sachs Bank Lloyd Blankfein Mark Carney Shannon CEO Helsinki Twitter Rob Subramaniam Bloomberg David Solomon Chairman Asia Solomon
Tiger Woods shoots an 8-over par 78 at opening round at U.S. Open

News, Traffic and Weather

01:06 min | 2 years ago

Tiger Woods shoots an 8-over par 78 at opening round at U.S. Open

"Phone is achieve success because those first four years he was with the team they had five different coaches and bill walsh down here change things around mark carney talking about key badenhorst who passed away from kidney failure he fought horse minnesota native was sixty six years of age route to the us open we'll hopefully see less wind at shinnecock hills long island tiger woods didn't have so much of a rough time with the wind but he couldn't putt he had two double bogeys at a triple bogey and finished nine shots off the lead i think could start today as troubled good most of the day i really did and i just didn't do anything from there my hill out of good iron shots but there are conservative and i just in buffalo tiger woods is nine off the pace as he trails the first round leaders dustin johnson in poulter scott percy and russell henley the only players who finished under par baseball giants ended their frustrations miami with a six three win in sixteen innings but lost evan longoria to a broken hand and when he was hit by a pitch and the as fell to justin verlander and the red hot houston astros seven to three well up in seattle boston won a duel between two of the top teams in baseball david price with the winner in a two to one red sox.

Mark Carney Shinnecock Hills Dustin Johnson Miami Evan Longoria Justin Verlander Astros Boston David Price Red Sox Bill Walsh Minnesota Scott Percy Russell Henley Houston Seattle Sixty Six Years Four Years
"mark carney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | 2 years ago

"mark carney" Discussed on Bloomberg Radio New York

"Mark carney having further bananas thrown at him not literally figuratively and is today's data going to be upgraded at least maybe by point wineries is still going to be point one i think it will still be point one we don't get an awful lot of data between the first second release the time to look for is the between the second release in the third release where we'll get much more information particularly around march and some of the underlying activity but also whether some of the assumptions the had to make around whether disruption which are assumptions rather than actual actually played out when we get material data for the uk again linked to a guy said about mckearney speech is a very binary set about comes here low low growth is that something more problematic under the hood with the u k consumer i think it is and in that environment monetary policy remains very very combative probably doesn't go anywhere versus a scenario area where actually it won't take much of add up swinging cue to for the bank coming to push through the rate hike that desperate to get off the table desperate well desperate to maintain credibility or one grounds they have whether into a corner and navigate to deliver on it correct but also there is by any measure danny blanchflower may disagree with me on this if he's listening but really but but he believes is much more capacity but the bank of england central view is that the apple gap is being heated up and therefore this should be an environment where much policy starts to tighten from very cognitive level so you can make the argument from both faye credibility standpoint and from a fundamental economic standpoint that they should be on the cusp of an interest rate hike carney said yesterday there were some big supply side shocks going on and potentially forthcoming in the uk economy the leads to be on a very cautious footing who's going to win the champions league final for liverpool mark why because i think they've got ten to fifteen minutes of match football in any reduce that and they'll blow rail madrid be the crooked great day yesterday but i i'm with boycott i think thinking a.

Mark carney uk danny blanchflower football mckearney bank of england apple liverpool fifteen minutes
"mark carney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:34 min | 2 years ago

"mark carney" Discussed on Bloomberg Radio New York

"That was a secretary of state mike pompeo speaking the uk's prime minister will reportedly asked the european union for a second transition period to run until twenty twenty three covering customs and trade in goods to avoid a heart border in ireland according to the times theresa may says so we'll ask for customs and regulatory lyman implementation period from twenty twenty one twenty two twenty twenty three the newspaper says that under the new proposal britain would collect eu xl tower tariffs following the blocks customs code and implement regulatory alignment on industrial goods global news twenty four hours a day on an take talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm markus karlsson this is bloomberg mark marcus thank you mark carney we'll be speaking any moment now guy gets four eddie moments i've got a speech in front of me but i'm not entirely sure whether i can i t tales about risk i think that would be an extraordinarily risky maneuver on your part anyway the the government is here in london at our new bloomberg's had bloomberg headquarters we currently have an introduction at this events the markets for him twenty eighteen that is being delivered by our chairman peter gras i'm pete is going to introduce the governor we've also got the governor then heading off i suspect he's going to catch plane later on today he is heading to the rick spanks three hundred and fifty year anniversary event which is going to be taking place tomorrow jay powell the governor of the bank the the chair of the fed is going to be there as well that's going to be an extremely interesting conversation so the the governor is now walking up and taking the podium let's have a listen to what my county has incredible building which hopefully you have a time we probably don't have time looking at the agenda but if you have time go into the foundations of the boards of saint paul is building that connects to the to the old the more modern and does does it in well pushing the boundaries of sustainable office design and it's part of it's really a node in a network bloomberg is part of a network that spins data information and capital instantaneously across the planet and we've been reminded in recent years over the course of the.

fed jay powell rick pete peter gras eddie mark carney theresa mike pompeo uk chairman bloomberg london markus karlsson twitter britain ireland european union prime minister
Bloomberg, Mark Carney and Bank Of England discussed on BTV Simulcast

BTV Simulcast

03:00 min | 2 years ago

Bloomberg, Mark Carney and Bank Of England discussed on BTV Simulcast

"He says to hear live breaking news talk on your bloomberg terminal that's a bloomberg business flash now here's leon guarantee with more on what's going on around the world good morning anna donald trump's lawyers rudy giuliani says the president was unaware of payments has personal lawyer received from several launch companies michael cohen was paid by at and t novartis a form linked to russian oligarch viktor vex oberg at and t and novartis said at hired cohen for insight into the trump administration meanwhile russia's urging summit between donald trump and flat amir putin following the us decision to leave the iran nuclear deal russians deputy foreign minister has told bloomberg a meeting would give diplomacy another chance he's going to tehran today to meet with iranian officials and there's been a major escalation that edges israel and iran closer to full blown conflict israel says it struck a dozens of targets inside syria overnight after iranian forces fired twenty rockets at israeli army targets in the golan heights israel says there were no casualties on its side global news twenty four hours a day on air tick tock on twitter powered by more than twenty seven hundred journalists and under symbol than one hundred twenty countries i'm young guarantees is bloomberg caroline thank you so much leon now the bank of england is unlikely to hike rates today with markets price again just a fifteen percent likelihood of a change that is drastically down from the ninety percent chance that investors were expecting just over a month ago but weaker than expected inflation disappointing growth figures and a warning from the governor of the bank of england himself mark carney of course dampened down sentiment now it's really a question of when the x rate hike will data dependency of course but will it be august will it be pushed off to november just sitting down in our lauded radio studio bloomberg's neighbor chayhitch we saw you footsie my train is already yeah exactly you're getting ready because you also get ahead down the bank of england which is just around the corner for us of course never what do we expected to happen today it's all about the split in the voting isn't it good morning curve as well because it's not just about today it's about what happens later in the year.

Bloomberg Mark Carney Bank Of England Golan Heights Israel Israeli Army Syria Tehran Russians Iran United States Michael Cohen Rudy Giuliani Anna Donald Trump Leon Twitter Israel Deputy Foreign Minister Amir Putin Russia
"mark carney" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:34 min | 2 years ago

"mark carney" Discussed on Bloomberg Radio New York

"And forty three minutes bloomberg's justin sink that's sort of an important detail because there's obviously been made the allegations included in the very controversial dossier that that remains unproven but suggests that he might have spent time at a hotel and even suggests that it's possible that prostitutes were sent to his room during that time justin says this could be very problematic if he's under oath are brian going to send it back to you all right thanks very much it is on nine and a half minutes past the hour let's get a look at at the markets here with brian jacobson multiasset strategist wells fargo asset management quick question have things stabilized here or do you think if the yield pops above three percent that new angst is injected things ever really stable in the financial markets aren't they sort of famous for their instability they tend to overshoot and undershoot the fundamentals and i think that's really what we've seen over the last week or so has been a rather abrupt move up in yield due to talk from central bankers i think starting with mark carney about hiking rates soon you saw the bank of canada actually act on that and earning season being pretty good so i think that's got people a little excited about the outlook for growth and also higher oil prices has pushed up inflation expectations so it's almost been like a tri factor to push he'll tired three percents you know is that an important number or not gone a little bit too far too fast with the move up and yeltsin we could see a little bit of retrenchment well it says russia astronomy like earnings but look in the rear view mirror in a funny sort of way so markets got up in the looking six months ahead yeah that's a great question and i think that's where things are kind of in flux the ford guidance itself is changing are we on the cusp of even this week with the european central bank with mario draghi giving his press conferences he going to push back hard on the idea that the ecb should start normalising rates sometime soon we've already heard some chatter around whether or not they're going to reduce the asset purchase program so that.

justin mark carney mario draghi ecb bloomberg brian jacobson wells fargo bank of canada yeltsin russia forty three minutes three percent six months
U.S. Stock Futures Wobble As Bond Yields Rise; GE Higher After Earnings

01:56 min | 2 years ago

U.S. Stock Futures Wobble As Bond Yields Rise; GE Higher After Earnings

"Thirty on wall street good morning to you i'm bob moon and i'm karen moskow we are just about three hours away from the opening of the us trading let's get you up to date on the news you need to know at this hour us futures are lower as we close out the trading week treasury yields have steadied amid the biggest weekly gain since february proponents following after bank of england governor mark carney in an interview with the bbc unexpectedly dense speculations for an interest rate increase next month many investors had considered a may hike to be a sure thing we are watching earnings from ge crossing the bloomberg first quarter profit coming in at sixteen cents a share and it also reaffirmed our forecast for the year those are just crossing the bloomberg honeywell is also reporting earnings today and we'll have those as well bob china is responding to reports that the treasury department who use an emergency law to curb chinese investment in technology in its response this morning china says the us whose quote thinking an acting like a bully and honeywell's first quarter profit beating analysts estimates it also boosted its forecast for the year and corporate news there will be no change in leadership at barclays following a probe into the company's chief executive bloomberg's bree taylor has the latest from london it looks like ceo staley will keep his job and this comes after uk regulators say they have concluded their investigation into his attempts to unmask whistle blower which happened last year in april the bank's board plans to recommend his reelection at the gm on may first that's what the company said this morning and barclays reprimanded staley back in april after discovering he tried to identify a whistle blower so now we're seeing shares up slightly on the back of that news and checking shares of is right now they're up half a percent shares of shire are down more than three percent in the space of a few hours yesterday allergan said it might make an offer for shire and then said it would not japan's takeda is now the.

Staley Japan UK CEO London Chief Executive Honeywell GE Bank Of England Allergan GM Bob Moon Bree Taylor Bloomberg Barclays China Treasury Department Bob China BBC
Before the Bell: Futures seek direction as GE shifts earnings focus to industrials; Trump tweet knocks oil

02:17 min | 2 years ago

Before the Bell: Futures seek direction as GE shifts earnings focus to industrials; Trump tweet knocks oil

"The bank of england governor mark carney made waves for the pound yesterday and tech shares swoon plus the other big story in the markets will focus on how we just heard of course from carlos go talking about how he wants to change the alliance between nissan motors and renault so that it can function independently of his leadership once he's no longer at the hell no news of course on his retirement but he is getting close to retirement age so let's take you through the markets then this morning tech shares are lower in asia particularly taiwan semiconductors there is a key apple supply and helped to push all the tech shares down all we have we basically reached peak smartphone demands get earnings from the big tech john's next week apple alphabet facebook twitter and so on the asia pacific now down seven ten of one percent this morning we've also seen the japanese yen weaken something of a mixed trading picture for japanese equities topics is operatives jumps at nikei down attend of one percent and in the bone space worth watching ozzie bonds tracking losses overnight and government debt markets in the uk germany and the us we of course had yesterday the us benchmark yield breakthrough two point nine percent we're still there two point nine one percent although no movement in the early hours this morning this as we're really reassessing inflation because of recent gains include metals and other commodity prices having said that she's not doing particularly well this money off to a couple of very strong weeks rimba commodity index down three tenths of one percent okay that's a little flavor of the markets this morning let me bring you some breaking news though first of all that headline from reckitt bank as a first quarter comparable sales up two percent the estimate was for a gain of two point six percent of course they make all sorts of things that go into your medicine cabinet records on track for a full year net revenue aim of thirteen to fourteen percent that's a record bank is a saying i quarter like for like sales gain two percent so that read headline in the bloomberg terminal also from barclays this is very interesting barclays just daily now has a period during which to review barclays board is continuing.

Mark Carney Carlos Asia UK United States Reckitt Bank Barclays Nissan Taiwan Apple Facebook Ozzie Germany Bloomberg One Percent Two Percent Fourteen Percent Nine One Percent Nine Percent Six Percent
"mark carney" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:50 min | 2 years ago

"mark carney" Discussed on WAFS Biz 1190

"So for us the greedy on inflation and inflation could be notorious b bullets file monthonmonth isn't something that makes us think that the bank is going to move away from to rate hikes so we still see one in may and one in november what we'd be looking for is something a lot more meaningful in terms of several months of decreasing inflation especially on the services side before we started to worry that the bank would actually have to take a hike off the table so where does that leave to be a we and we've put a chart together a graphic together that showcases what he's been up to in terms of its communication standards compared to other central banks around the world and sort of g ten spectrum and you'll be quick to notice that the b o e has been really stand out i mean take a look at that the uk there in terms of the number of surprises as a percentage of total on the lower end with banks on the upper end include japan and china would you say that he has been able to communicate its message i think he's done a great job in communicating its message i think mark carney has been very forthright in terms of talking to the markets you know even from from the brexit onwards making sure people understood what the policy actions were what the consequences could be so i think we have seen sterling pulled back a little bit and we have seen obviously a bit of worry in the gilt market as well with yield strapping but again we don't think the one inflation reading is going to make a difference in the overall longterm picture full for the right hawking profile in the uk and we're still thinking on course for two right heights this year okay so we stick to the to rate hike theory we've got politics at play very clearly a challenge for theresa may from the upper highs to.

uk mark carney theresa japan china hawking
"mark carney" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:37 min | 2 years ago

"mark carney" Discussed on WAFS Biz 1190

"So for us the greeting on inflation and inflation could be the tourist people monthonmonth isn't something that makes us think that the bank is going to move away from to rate hikes so we still see one in may and one in november what would be looking for is something a lot more meaningful in terms of several months of decreasing inflation especially on the services side before we started to worry that the bank would actually have to take a hike off the table so where does that leave to be a we and we put a chart together graphic together that showcases what he's been up to in terms of its communication status compared to other central banks around the world and sort of g ten spectrum and you'll be quick to notice that the b o e has been really stand out i mean take a look at that the uk there in terms of the number of surprises as a percentage of total on the lower end with banks on the upper end include japan and china would you say that he has been able to communicate its message i think he's done a great job in communicating its message i think mark carney has been very forthright in terms of talking to the markets you know even from from the brexit onwards making sure people understood what the policy actions were what the consequences could be so i think we have seen sterling pulled back a little bit and we have seen obviously a bit of worry in the gilt market as well with yield scoping but again we don't think the one inflation reading is going to make a difference in the overall longterm picture for for the.

uk mark carney japan china
Arsenal bend but don't break in Moscow, advance to Europa League semis

Good Day USA

02:10 min | 2 years ago

Arsenal bend but don't break in Moscow, advance to Europa League semis

"Give a preliminary mandate to a politician or ask someone to find out if a majority as possible complicating his task is the democratic party senior lawmaker says it won't help the five star movement take power despite its infighting in rome john wayne bloomberg daybreak europe global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm markus karlsson this is bloomberg are out thanks marcus out of the champions league here with the details realm madrid joined liverpool and roy moore in the semifinals if the champions league last night's after etching a thrilling match with defenses the spanish side eventually won four three on aggregates after cristiano ronaldo scored a controversial ninety seven minute penalty in the second leg affair lost clash munich also in friday's draw office seeing off severe see one parole arsenal protects a four one lead going into tonight's secondleg cafe europa league course a final with cs k moscow in russia to competition remains their most realistic chance of playing in next season's champions league with the winner off the trophy automatically qualifying manager arsene fingers says that should be enough to stop his side for being complacent reno target trials as far as possible yes trump positioning we approach regain back british tennis number one call edmund attempts three quarter finals if the latest atp tournaments in marrakesh later takes on moldava's rodney outlets in the last sixteen that's somebody tests i'm george alderman george thanks just want to give our listeners a few central bank events they should be keeping their eyes and ears on today ecb executive board member ben walker appears in paris at lunchtime bank of england governor mark carney speaks in toronto later on in his home country of canada and we get a policy decision for mexico's central bank at seven pm uk time coming up next matt's we are going to be talking about the customs union and the as decision to be pin out too busy with the liberal democrat deputy leader to swinson.

Mark Carney Ben Walker ECB George Alderman George Tennis Secondleg Cafe Europa Roy Moore John Wayne Bloomberg Democratic Party Matt Mexico Canada Toronto Rome Paris Executive Board Member Moldava Edmund Arsene Fingers
"mark carney" Discussed on KBNP AM 1410

KBNP AM 1410

02:08 min | 2 years ago

"mark carney" Discussed on KBNP AM 1410

"Jeff you what it is is just the tone of nine ten eleven headlines it reminds me of mark carney ten twelve months ago saying you know we have to wait until inflation goes up did mr draghi blinked this morning i wouldn't say he's unblinking but it's slowing the realising now about some things need to change i'm not this point kinda all knowing that the market probably is in a better position to actually accept change at this point is ready dynamic at them and again you know the market take it well uh even with the normalization the prospect uh then he'll be happy with the result is this is a real baby steps chance to be some listeners sinking what are we getting excited about what is this sole obama's usage jess about time but does this set aside for the removal of qa this will the end of this year so i think he isn't it gradually laying the framework can beat push everyone in that direction right so yes cutting off the day's them a clear intent but he's going to be looking at the reaction to the same time in north bearing in mind financial conditions euros higher on now he doesn't want being a fourth the pulled with one thirty i though in the show right peter chew well us turks were us audience but let's go there he's the 10year german yield near a technical resistance where higher yields really it's it notes of breakout these important dumming gift he delivered a at a child uh you might gay concerned that they could go a lot higher from here but turn you go to think about the implications of that would have on financial conditions for the euro area and when you giving when you're taking away on the one hand saying that cuba is not going to be increased they're not thing the likely to get something back we to try and reinforce uh and push out with some of the rate hike expectations so i think people who use coming up to seventy seventy five basis points they knew reporting reviewed the buying opportunity by investors suggest get me set up for the.

Jeff mark carney obama us cuba mr draghi peter chew ten twelve months one hand 10year