19 Burst results for "Mobias"

"mobias" Discussed on WAFS Biz 1190

WAFS Biz 1190

09:42 min | 2 years ago

"mobias" Discussed on WAFS Biz 1190

"Now for a look at the markets gills. Debra not a great day for Asian investors. We are seeing the Asia Pacific index down by about six tenths of one percent. So it's actually on track for its biggest daily loss this week. You can say China's markets coming off its recent highs, the CSI three hundred extending losses in the afternoon session, along with weakness. In Hong Kong. Of course, a lot of these supplies and rivals E getting hit today. The Hong Hong Kong Hang Seng weaker by three quarters of one percent. The Nikkei being dragged down by that strength in the yen again, actually, holding a one wake high ahead of the news. And of course, the US jobs report, and then the dollar holding up pretty well as well seventy four five and use of JP Morgan pretty bullish on this currency. Even though we had yet another week raid on the economy today retail sales missing expectations with a rise of just point one of one percent month-on-month in January Yousef. Thank you very much for that. Julia. The CD is cut forecasts for world economic growth this year, citing tensions and political uncertainty. The organization slash the outlook for most merging markets as well. And that that a sharper slowdown in China would have huge consequences for global growth and trade. Joining us now is Mark mobias. He's the co founder and partner at capital partners. Welcome back to the program Mars back early on in the year in January, you're saying bike Witty's any with a focus on India. Brazil and Turkey since then we've had this grossing Zion. He comes through the central banks are throwing a Shifter tune as well. There's more Moebius started recalibrating as well. Well, if you look at the index, the Marcus index, you'll see that the recovery has been terrific. I mean after a long period of decline, we've seen a very very nice pickup. And the index is moving up at a good pace. A lot of that. Of course is what's happening in Brazil and China China is coming back, and I believe that the opportunities terrific now in emerging markets who's we now still at a down turn the down the point compared to where we were many years ago, and the company is going to be very nice, I think, but the growth has moderated and you look at some of the statistics from the city economic surprise index, and we've taken some of the regional subsets of that, and you compare the data that we have today whereas the first week of March compared to a year ago and the economics surprises have just dramatically dropped into the negative. So a lot of negative economic surprises across emerging markets across China and senior as well. But it's not a concern for you know, because a lot of that is backward. Looking looking at the data that we had last year and the beginning of this year looking I think it's gonna be a lot better. Your the interesting aspect notice the latest trade figures for the US trade deficit is up. What does that mean? It means that the China trade war has not really had that impact that they expected. In other words, a lot of the. Yes, it's true that perhaps exports from China. On the downturn. But allow that trade is moving to other parts of the world Bangladesh, Vietnam, Egypt Turkey, all these countries are gonna benefit from this. Because the the exports that China's been making is going to be shifted to these countries. So it's very very interesting phenomenon that we're seeing at this stage. The big news of the days that the US president is now even more keen to get a deal done to try and give the stock market in the US a little bit of a boost. Do you believe that he can pull through with something in the in the short term? I believe that quite possible because both sides China, of course, wants a deal. I would say China wants to deal more than the US wants a deal, but you must remember look at the stock market in the US. It's had an incredible recovery has jumped up from the low point. So I think there's not that much pressure on Trump to do deal. But I think there's more pressure on the Chinese what about? Opportunities in China. You said you're keen to do more in China. But at the same time, the valuations, especially on some of the main stock exchanges. They're getting quite quite frothy to say, the least I mean, you looking here at seventy percent of equities on the Shanghai and Shenzhen benchmarks. They're trading above the level of seventy. That's just one indicator. We put together a charts as well for clients to to get that extra perspective. But you still seeing pockets of what we're seeing is not for the large cap stocks. We're going to low and middle cap stocks. So that's where the value is. I believe in China and in many other parts of the world, India's a very good example of that. So I mean with China, and this is again, the GT that I was referring to just moments ago, China, you're keen on I want to say to the region for a minute because in the past you've said that you're not keen on Saudi Arabia because of the killing of dementia Shuki journalist, even though the traditional players around the inclusion, which is really tried to test method of making money in a very full amount of ties, exactly. Saudi Arabia getting back on your radar. Yeah. Has a size and scale might be too hard to ignore. That's reality of that's true going into the index having it the heavy awaiting is going to have an impact. There's no question about that. Because, you know, at least half of the money is index oriented, but I think it's gonna take a while. It's gonna take a few years before, you know, people really feel comfortable about what's happening in Saudi Arabia. Nevertheless, there's no question money will be four in the index. Yeah. But you're not ready to Saudi Arabia diversification. Play yet. Not yet. I'd prefer to go to Egypt. Egypt is your top play in the region. Definitely Egypt is in the region. Why Egypt more attractive than the rest of the region? The reforms that are taking place you seeing quite a lot of reforms stability, and the government is pretty good at this stage of the game. And the great companies real great entrepreneurs. And we believe that many opportunities again, of course, what we define as a small and mid cap may be large gap in Egypt in terms of market cap. But we're looking at temendous opportunities there. What's going to happen with with Europe and breaks if we're waiting for the beat to come out with their announcement later on day? Central banks general have become a lot more dovish. Is Europe at an inflection point to the downside here is that what we need to either Europe is not going to be doing very much for a while eastern Europe is different. If you take a country, like Romania Poland interesting things happening in eastern Europe. But the rest of Europe is in really a slump simply because the withdrawal of the UK from the European Union is going to have a negative effect on not only the UK, but also Europe in general and the uncertainty. That's really the bottom line really is no leadership in the UK to say look with the direction we're going to be moving walkways. We've space many times over the years. And I know you as a man who likes valuations to be low and for there to be a lot of return in a short amount of time. Brexit has arguably brought down by the oceans across asset classes in the UK. Is there a point where you would say, okay. This is getting with the interesting for me despite the. That's happening on the political side. Oh, there's no question. We always looking forward. I mean, we're to look at we, of course, look at the rear view mirror to see what's happened. But we're looking forward to see where these companies are going to be moving into the future. But at this stage, the uncertainty just too great. Not worth it. And if you could choose one top trade in the world right now, which one would it be Vietnam. Vietnam. Vietnam, Vietnam, stocks across the board of a Vietnam across the board. But particularly Vietnam socks. Okay. Thank you very much for that. Mark mobias there. He's a co founder and partner at the Moebius capital partners. Let's keep the conversation going around that part of the world because as hitting back and Washington's claims that Dede's China in espionage at suing the United States government for barring its equipment from certain network saying it's unconstitutional to punish without a fair trial. NDA congress act it. Arena as Josh jewelry and executioner. Correspondent Tom MacKenzie is at the Hawas headquarters in Shenzhen, Tom. What's the chronology of events? Looking like what comes next? The suing of the US government is what's been announced officially today, by the way. And they are saying the congressional Bill was passed in twenty nine teen. That effectively bans telecoms companies in the US from using technology is unconstitutional that it doesn't give them the right to reply that it damages that business in the US is challenging with this case. And it follows of course, what we've seen from wa wait challenging and suing the Canadian government over what they said was a.

China US Vietnam Egypt Saudi Arabia China China Hong Hong Kong Hang Seng Mark mobias Europe Hong Kong India Debra Brazil Asia co founder Turkey Nikkei partner
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:57 min | 2 years ago

"mobias" Discussed on Bloomberg Radio New York

"He's Bloomberg's Bryan Curtis in Hong Kong, Brian, Juliet, thanks very much. My head is spinning I just hope it stops facing the Mike because there's a lot to tell you about going on here in these markets. I'm live from the Bloomberg interactive brokers studio here in Hong Kong. So we had a lot stronger US economic data for risk assets. That's a good thing. But we got a much higher dollar much higher oil prices. And higher treasury yields and for risk assets. That's not such a good thing out here in Asia. And then you've got these political macro stories as well. J P Morgan. She's a full-blown trade war downgrades China stock. Mark mobias says the trade war will yield blood on the streets. And now you've got CNN saying that the US navy proposing a global show of force to warn China. None of those things are very good for risk asset. So we just had the China futures in Singapore. Open trading down about six tenths of one percents. That's not so bad. Hang Seng index futures contract is not active it was slightly higher. But we had this spike in US yields in the ten year up to three point one eight percent. And a lot of that happened after the Hong Kong futures contract stopped trading at about one am I type says about midday in the United States, and by the way oil up over seventy six dollars a barrel at seventy six thirteen couple of cash markets that just opened up, and they moved to the downside down six tenths of one percent. The Straits Times index in Singapore down about one full percentage point. So if you have to ask me, I'd say Hong Kong opens at least one percent down. And that today is a little bit of a rough day here in emerging Asia. Doug over to you. Alright rough day to in Seoul where the kospi's down one percent. And I'm looking at the Korean want getting clocked against the dollar to the tune of about a loss of eight tenths of one percent. Stateside, we heard today from pitcher Jay Powell, he said, the fed has a way to go before interest rates are lifted so high they restrained growth interest rates are still accommodate,.

Hong Kong US Bloomberg interactive brokers Asia J P Morgan Singapore China Bryan Curtis Bloomberg Jay Powell Straits Times Mike Seoul CNN Mark mobias fed Doug
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:36 min | 2 years ago

"mobias" Discussed on Bloomberg Radio New York

"Radio As US Turkey relations, show no signs of. Improvement legendary emerging markets investor Mark mobias says he is deeply concerned about the standoff between President Trump and Turkish president air John warning that capital controls could be the next step for an increasingly desperate Turkish government Moebius spoke with Bloomberg's Heidi shroud watts and Rashad Salama the problems facing, tacky and they are. Immense but they're fairly contain so we starting to see a turnaround in the Asian session today. Of a recognition. Of that Yes I think Turkey is a very small part of, the index for, you guys what index you're looking at, so the the, good news is that, the ETF are. Not forced to sell down because of a line in the Turkish market and the Turkish lira so that's, the good news the. Bad news is that if Turkey is forced to close the fine exchange window so that fun investors cannot get out battle v very very bad in a bad example father emerging markets if they were trying to try that going forward as you know in the past during the Asian, crisis Malaysia did that. And it was very very bad news so this is something we have to watch very carefully But the bottom line is that this is our politics And Trump bargaining for this pastor and of, course Odaguard once Trump to give up and you, know this is the kind of bargaining that goes on and I don't think Trump can give up on Brinson and probably is not going. To give up on wanting to have a Glenn back. So this is going to be a real standoff leave I'm curious as to whether you think that it's time to be opportunistic if. You take a, look at the selloff across other EM's and don't, have the terrible external imbalances that that Turkey has, is a time getting all you cautious because it'd be fair even before taking really erupted the fundamental was in terms of the trade will. Destroy you as dollar were not favorable for that space There's no question there are opportunities in emerging markets. Now because. Of this incredible decline in the. Currency's but we have to be very very careful about which, countries we want to invest, in and which companies, in particular and of course leverage is all the story we have to be careful not to be investing in companies that are heavily leveraged by the way. This story about Tesla's really about the debt and about its to pay all that's it it has with interest rates rising you're going to have problems for many companies around the world not only in emerging markets but in developed markets and that's true of the country's country debt with. Higher and higher interest rates in dollars is going to be a real problem for many of these countries I think. There's another. Bit isn't it and that's one. Of the key systemic risks that we have from Turkey is, it not with a lot, of companies that borrowing. In dollars and within depreciation of the currency by about a half since the start of the year could lead them some serious structural problems Turkey but elsewhere Exactly interesting in Turkey the debt is fine date is mostly in the. Hands of private companies but of course these private companies have been barring from Turkish banks so the Turkish banks could have a problem going forward and that could cost becomes a problem for the country, as well But you're. Seeing this around the world the real concern about. Debts in many, of these countries and companies so what we have. To do is now pick very carefully where we're going, to be putting our money and there's going to be tremendous opportunities Absolutely and, that's be fearful when others a gradient, be greedy when others a faithful that old buffet adage you very. Sanguine we talked about a month ago about what happened in Turkey and tell me I still sanguine or do you have now much deeper concerns I have much deeper concerns now because of the standoff I didn't realize that Trump would be. So, tough as regards to Brinson and getting his return now we see a real bargaining taking place between the two leaders and both. Of them are strong and probably not willing to compromise Mark there's another is has Richard other one backed. Himself into a corner by saying that he's not going to take a bailout internationally and Secondly he's not going to raise interest rates Well this is a problem and and seems to me that the only. Opening for him would be to give up on Google and return the Brinson, return the press to the US that. Would be the best alternative. Fan and you may see. That, happening there may, be a face-saving effort on both of Trump's pot and Oregon's part but it remains to be seen not I. Can't be, too optimistic let's put it that way That was Moebius capital partners co founder Mark mobias speaking with Bloomberg's Heidi. Stroud watts.

Turkey President Trump Brinson Mark mobias US Bloomberg Heidi shroud watts president Rashad Salama ETF Moebius capital Glenn John Oregon Google Tesla Malaysia Odaguard Richard
U.S. hedge funds posted modest gains last month

Bloomberg Markets

00:36 sec | 2 years ago

U.S. hedge funds posted modest gains last month

"Hedge funds posted modest gains last month we get details from Bloomberg's Ed Corry hedge funds rose point three one percent in July according. To the Bloomberg hedge fund database while that reverse losses recorded in June year, to date hedge funds are little changed lagging behind the major US. Stock indexes CD a managed futures strategies were the worst performing losing more than half. A presenting July the Bloomberg mandates two thousand eighteen survey found about forty. Six percent of investors expected global macro strategies to outperform in two thousand eighteen macro strategies are. Down one and a half percent year to

Turkey Ed Corry Bloomberg Bloomberg United States Mark Mobias Porsche Donald Trump Oscar Health Askar Nestle Coca Cola Ed Corry Edison Brinson Google Procter President Trump Seventy Five Million Dollars Three One Percent
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:05 min | 2 years ago

"mobias" Discussed on Bloomberg Radio New York

"That vehicle collided with cyclists and pedestrians before, hitting a barrier, I'm coming to, a stop to people have, been, taken to hospital while man has already been. Discharged and one woman remains in hospital being treated for serious but thankfully non-life threatening injuries officials say they. Still have no clues as to the suspect's motive global news twenty four hours, a, day on Air and. A tick, tock on Twitter powered by more than twenty seven hundred journalists and analysts in more. Than one, hundred twenty countries I'm Nancy Lyons Thanks Nancy now with our other top stories I'm Pat Carroll assets in Turkey are rebounding after yesterday's turmoil still tensions between. The. US and Turkey show no sign of easing with president air to now calling for a boycott. Of US electronic devices that are in emerging markets investor Mark mobias tells us he has deep. Concerns, about the standoff between the United States and Turkey I didn't realize that Trump would be so tough as regards to Benson and getting. His return now, we see a real bargaining taking place between the two leaders and. Both of them are strong and are probably not willing to compromise Mark mobias says there's, a real, possibility that. Turkey will impose capital controls to stem the plunge in. Its, currency that he says would be bad for the whole developing nation asset class billionaire investor Carl Icahn has given up his fight to stop signals fifty four billion dollar acquisition of Express Scripts to prominent shareholder advisory firms have come out in favor of the deal. Icon had called A travesty saying that Cigna was overpaying for. The, pharmacy. Benefits, manager hedge funds posted modest, gains last month we get details from Bloomberg's Ed Corry hedge. Funds rose point three one percent July according to the Bloomberg hedge fund database while that reverse losses recorded in June year to date hedge funds are little changed lagging. Behind. The major US stock indexes CPA managed futures strategies were the worst performing losing more than half. A percent July the Bloomberg mandates two thousand eighteen survey found about forty six percent of investors. Expected, global macro strategies to outperform in two thousand eighteen macro strategies are down one and a half percent year to date emerging market equity. Sub strategies are, doing even worse down about four point six percent more than one. Third of those surveyed expect that arena to outperform this year Ed Corry bloombergradio Coca Cola, is making, another move. To diversify beyond soda coke is agreed to buy a. Minority, stake in body armor the sports drink maker whose backers include former basketball star Kobe Bryant terms of the deal were not disclosed The, pass rate for the. Chartered financial. Analyst level two exam fell from last year's decade high forty five, percent of applicants, passed the test in. June down from forty seven percent in two thousand, seventeen the, pass rate for level one remained at forty three percent for. A second straight year more than two hundred twenty seven, thousand candidates signed up to. Take the three levels of the CF exam this year that was a record and a twenty percent surge from last year. Coming up the, latest on Elon Musk plans for tesla, and his trouble with the SEC I'm Pat Carroll this is Bloomberg the following is.

Bloomberg Turkey US Mark mobias Ed Corry Pat Carroll Nancy Lyons Twitter Cigna Carl Icahn Elon Musk Kobe Bryant Express Scripts basketball tesla Trump president
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:11 min | 2 years ago

"mobias" Discussed on Bloomberg Radio New York

"Nara chayhitch and I'm, Markus Karlsson we talk through the markets every fifteen. Minutes here on Bloomberg radio yesterday was billed as manic Monday this session shaping into something a little bit more quiet perhaps European stocks. Start trading in half an hour's time and futures, are pointing higher after yesterday's declines stocks. Fifty futures on docks, futures higher by four tenths of one percent count futures outperforming higher by six tenths of one percent to, Footsie-100 futures also on the front foot rising by three. Tenths of, one percent Asian stocks also rebounding today with the. Regional benchmark they're rising by half of one percent Japanese shares in, particular have been powering ahead with the topics posting its best day since. March that index higher by one point six percent at the close the Turkish lira. Stabilizing today of course the targets they are. Very much front and center it. Is all stabilizing to a certain extent rebounding. By four point nine percent Against the US, greenback as I look at it now so the, Turkish lira. Rebounding other AM currencies also, catching bids the. South African, rand. Rising by two point two percent the. Mexican peso higher by a percentage points as well overall we all seeing the dollar softening the Bloomberg dollar spot index retreating from its highest levels in fourteen. Months of by about three tenths of one percent both the euro as a stunning Abed bed this morning. Further signs that the, Turkey tensions are easing could also be spotted in, fixed income this as the talian BT healed is declining by nine basis points while the German bund jeld is rising by about two. And a half basis points the ten year treasury, yield also rising almost two basis points. All right let's turn, to our top stories that in US President Trump's top national Security John Bolton is said to have worn, Turkey that the US won't negotiate until a detained American. Pastor is, freed Meanwhile Turkey imposing capital controls is a quote. Real possibility unless Ankara comes to an agreement with Washington that's according, to veteran Emerging-markets. Investor Mark mobias who spoke exclusively to Bloomberg, they Roti, taken steps to limit trade in US dollars in other. Words, preventing people hedging US stars and so forth so I mean the next step could be complete currency control and not allowing dollars to get out of. The country so this is something that's a real possibility that was Moebius capital partners co up Mark Mobius now the tesla story rose on. Elon Musk has said he's getting advice from Goldman Sachs and private. Equity firm Silverlake on taking tesla private as the billionaire drip-feeds details of a potential deal valued at more than seventy billion dollars in a Twitter. Post the. Electric car makers CEO said he's also lined up legal, advisers for the possible, transaction attest a spokesman said that Musk's tweets refers to his own advisers in attorneys tesla. Board members did not, immediately respond to requests for comment the German, economy accelerated. In the second quarter driven by stronger domestic, consumption and a slight Pick-up. In investment gross domestic product increased point five percent in. The three months, through June the reading follows growth of zero. Point three percent, at the start of this year and outpaces the median estimate in a Bloomberg survey we also have. A key economic data coming out to the UK today starting traders will be watching the UK. Jobs, reports at nine thirty AM London time Bloomberg's Elizabeth how Croft has the preview the UK unemployment rates expected to go down to, four point two percent. For the three months to June while average weekly earnings restricted to hold steady at two point. Five percent stretches aren't expecting the Panton Yvonne figures following the Bank of England tycoon started the monk in the short term at least we're back to politics being the, driver a few kmarts in London Elizabeth how craft Bloomberg daybreak. Europe those your top stories for the latest in global news here's Bloomberg's Leon guarantee leeann Good. Morning The labor leaders been having around on Twitter with the premiere, of Israel Jeremy coin's being accused of laying a wreath at the grave, of Palestinians suspected of being behind the Munich massacre which Benjamin, Netanyahu says deserves. Unequivocal condemnation James serene is from. The Britain Israel. Communications center the photo show that he's involved very much in some kind of ceremony of paying respects to. These people any responsible for the Titian wouldn't have been anywhere, near the.

Bloomberg US Twitter Elon Musk Nara chayhitch London tesla Markus Karlsson Turkey UK Israel Mark Mobius James Europe Abed Goldman Sachs Moebius capital Mark mobias
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:43 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"I'm Ed Baxter Investors looking for. A bottom in emerging market stocks we'll. Have to wait a while longer that's, according, to mobias. Capital partners co founder Mark, mobias, he spoke with Bloomberg's Yvonne. Man Rashad Solomon and Kana Nishizawa, a big question here Mark is are we're. Seeing a bottom from mainland markets I don't think so in the case of Shanghai, in the case of energy markets generally there's a good chance that we'll, get a recovery after continuing decline. Which I just was talking about but I, think in the case of China you've got a number. Of problems first of all dead that is a. Big problem, for companies in China number. Two you've, got the tech situation I mean with, what we've seen with the stocks there's gonna be a real problem because it's such. A big part of the index and the third thing. I think, is the, trade war of course you know that's going to be affecting the number of companies and the psychological. Effect will be even greater either. You've got three Downward pressures on this given. These trade war concerns we've seen Chinese, policymakers, put in. Place plans for stimulus policies, that, we are really seeing the overall impact just yet in the, near term with the the geologic campaign also. I'm putting some breaks there a what does that mean for growth for China he, they've got a real dilemma because one side they want to support the, Ma they don't want the to. Be crashing on the other side they want, reform they want changes in the way Chinese companies stayed. On companies do business and this has been going. On as, you know for the last. Few years, she is very interested in the reform, so how do you balance these two problems now one way to get out of. This dilemma is the one both one road program one. Belt one, road means, that you're able to export a lot of know-how technology a lot of equipment and so forth and. Thereby simulate the Chinese economy without, the help of the US so that's, gonna be very interesting Situation to see how this develops One belt one road is seen by some thinkers in the US is this an attempt to the? United States is a global reach because this also lends itself to the narrative behind the. Narrative about the trade will effectively would you? Agree hegemony war to some extent but I think the Okay the the intention is one thing of. Course there's, a strategic intention is, an economic intention and so forth but at the end of the day look at it from the. Other side for the beneficiaries of this, is. A very good program because what it means a lot of these countries will be getting infrastructure as. Well Mark I mean you, look at Malaysia they're having trouble affording this Pakistan's in running into huge balance of. Payment problems because these loans back so it is a double edged sword surely. But I. Think the Chinese will delay these payments will allow them to take longer time. To pay and also in some cases we'll even castle because it's in the interests of China to keep this program going? I was recently in Sri Lanka looking at the container port that they built it's incredible. It's a wonderful container-port will do a lot, to help the economy So I think it's something that's good Luck on, the threat of a tribal you've said President Trump. Is quite as dumb as a FOX so do you believe that all of this will be sorted that negotiations are on and much like the kind of Ray of hope that we have last week with the EU. And US detente in their trade war we're going to get the same. With China with the other trading nations There's gonna be continuous negotiation Trump is a businessman negotiating all the. Time and a good example of what happened with the just last week China said we're not gonna input anymore back beans now. He gets a deal with your to so, so this is the kind of thing that's. Going to be going on for quite some time. I think at the end of the day the good news, is that Trump is flexible he's going. To be willing to change his. Tack if he's able to get some benefits from his negotiating tactics. The Chinese take a long term view the Americans take a short-term view they get along very well together, because, they're, looking at different things so, I, believe they will be able to come to some. Agreement. That was nobody has capital partners co founder Mark mobias speaking with. Bloomberg's Yvonne man Rashad Salama. And content initiative our and coming up Mike Nova 'grats reaches. The point of. No return as his. Crypto.

China President Trump Mark mobias United States Bloomberg co founder mobias Rashad Solomon Ed Baxter Rashad Salama Sri Lanka Kana Nishizawa Malaysia Mike Nova Ma Pakistan EU FOX Ray
China Stocks fall as the yuan continues to weaken

Bloomberg Daybreak

05:09 min | 3 years ago

China Stocks fall as the yuan continues to weaken

"Nathan and it is a big week for central banks with policymakers in the United States Japan the United Kingdom Brazil and India all set to me Bloomberg's John Tucker is. Here live with details morning John See an interest rates, is expected when Federal Reserve officials. Gather on Tuesday and Wednesday that's according to pricing in federal funds futures. And all but, one of the fifty seven accommodates pulled by Bloomberg get rational testimony earlier. This month. Fed chairman Jerome Powell didn't signal that the economy is overheating or warranted in imminent hike. For an economy that expanded four point one percent of the second quarter. The feds real policy rate is still. Around zero or even slightly negative and despite speculation. The Bank. Of Japan, could. Soon flesh. Out, a plan for adjusting stimulus all forty four economists surveyed predict the b. o. j. will maintain its current setting on interest rates the Bank of England expected to hike even amid Brexit gloom and Brazil's central Bank is, seen a standard Pat India central Bank will probably raise its benchmark rate John Tucker Bloomberg, daybreak John thank, you meanwhile the. Bank of Japan today. Conducted, its third bond purchasing program in a week, by One point six trillion yen worth of. Ten year bonds the central Bank bought the debt stem rising yields after they touched, a nearly eighteen month high of eleven, basis points stocks. In Asia started the week on a negative note has, investors show caution. Ahead of those central Bank, meetings Bloomberg's Juliette Sally reports from our Singapore bureau technology companies in pharmaceutical firms with the biggest drag on the topics, which closed down four tenths of. One percent Chinese companies related to infrastructure construction continued to rally after the. Government unveiled new, measures to aid growth however the CSI three hundred finish down eight tenths. Of one, percent while the on show Yuan added to last week's slump elsewhere Indian Stokes defied the. Downbeat trend the sensex holding onto record highs ahead of an expected rate. Hike from the country's central Bank this. Week, in Singapore Juliet Sally Bloomberg daybreak Juliette thank. You China's. Benchmark Shanghai, composite, as Lund. Eighteen, percent since January high still emerging market investor Mark mobias says he expects Chinese stocks To fall even further in the case of China you've got a, number of problems first of all debt that. Is a big problem for companies in China number two you've got the tech situation with these stocks there's going to be a real, problem because it's such a big part, of the index and the third thing I think is. The trade, war of course that's going to be affecting number of companies and the psychological effect would be even greater Moebius capital partners co founder Mark Mobius, also tells us is keeping an eye on the you want Beijing will likely be tempted to use. The, currency as a weapon in its trade war with the US also on the trade front major car producing nations are set to meet for talks to coordinate, their response to us tariffs sources tell Bloomberg representatives from the European Union Canada Mexico South Korea and Japan convene tomorrow in, Switzerland now discuss. How. To respond. If the Trump administration does impose levies on car imports is another busy week for. Earnings with more than one hundred forty Companies. In the SNP five hundred scheduled to report to. Bloomberg's Charlie, Pellett reports so far upwards of ninety percent. Of companies reporting results of come in above analysts estimates Michael Gino is president of Pacific. Heights asset management earnings revenues are up and that was. Expected I, think so it's not really a surprise I. Think that you get into company specifics and industry specifics with, obviously had some high profile beats of high profile non beats if you will Twitter. Facebook and Intel certainly falling into that category this week we'll be hearing from financial giants including Berkshire Hathaway I n. g. b. m., p. Potter bond MetLife car companies tesla Toyota and BMW and tech giant's apple Samsung and Sony Charlie. Pellett Bloomberg daybreak mad Charlie on today's, docket, we, get results, from fourteen companies in the s.. And p. five hundred including Caterpillar Bloomberg's Jill Schneider has a preview shares of. Caterpillar have been battered by the lingering uncertainty around trade negotiations the company Is expected to top analysts estimates for the ninth street quarter today but the stock may not get a reprieve to last quarter saw good numbers failed to boost caterpillars valuation chill Snyder Bloomberg daybreak. Thank, you a Bloomberg news has learned the. Board of CBS meets today to discuss the future of, CEO les. Moonves says we get the details. From Bloomberg's Ed Baxter Moonves was accused of sexual harassment by six women in a New Yorker article published last week, giving article. Moonves acknowledged there, may, have, been times. Decades ago when he may have made, some women uncomfortable by making advances, but he says. He never used his position to harm anyone's career, sources say, this, is, a regularly, scheduled board meeting CBS, independent, directors have already said they plan to investigate. The claims and, we'll hire an outside law firm to do so in San Francisco I'm Ed Baxter. Bloomberg, daybreak all right Ed thank you straight ahead, we have the latest world and national news and this. Is.

Bloomberg Pellett Bloomberg John Tucker Bloomberg Juliet Sally Bloomberg Bank Of Japan Caterpillar Bloomberg Japan Snyder Bloomberg Federal Reserve Bank Of England China Ed Baxter Moonves Singapore United States Pat India Central Bank Bank Brazil John Tucker
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:21 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"The world is listening this is bloomberg best i'm june grasso i'm ed baxter legendary emerging markets investor mark mobias says the global economy is heading into uncharted waters as the us china trade tensions continue to escalate he explained more with bloomberg's david iglesias and rishaad salamat but this is probably the one of the most talked about impressing topics and business and markets this year trade tensions when he thinks missing the whole situation with china the us is very critical particularly for china i believe the situations get worse trump is not going to give in and it's gonna continue to hit a china in terms of the incredible trade imbalance has you know trade imbalances the biggest of any other country that the us has and i believe that it would be a real problem with china going forward the good news is that some emerging market countries will benefit from this just to give an example soybeans us big expo soy beans to china but argentina could benefit unfortunately argentina's is now suffering from drought and they had a downturn in their song being production but generally speaking you can see the winners and losers coming out particularly in the emerging markets arena have you ever known anytime like this at the moment and we are in uncharted territory i suppose how'd you look at it then from fund management perspective you're absolutely right we are in uncharted waters the previous american administration's pretty much endorsed world trade freedom of trade the wto and all of these other agreements multilateral agreements trump is going in the opposite direction he wants bilateral agreements he is really upsetting the apricot so to speak and therefore the uncertainty will grow not only in the general larger markets like the us and europe but in emerging markets as well so we're going to have to be focusing very much on individual countries individual companies to see where the winners and losers are going to be but it's going to be very interesting time in the next year or two years and mark at this time do we know enough to figure out who the winners might be in your view and view the in terms of the emerging markets some of the most interesting now because they're tremendous decline in the currency's and in the markets would be brazil would be one example turkey would be another example and then although india's not come down that much there tremendous opportunities in india going to pick up some of the slack that is coming from the trade embargo on chinese goods so i think you have to look at those countries that will benefit from this trade war south korea would be another example to be this creeping economic nationalism out there right donald trump turkeys another example of it as well with it winning that election and strangling his own hand so how'd you look at that then now you concerned about that no i'm not that concerned because i believe that there's still a situation in turkey where you can get opposition there is an opposition and there's a chance to protest if people want to the good news is that in turkey you didn't have a runoff as you know if one candidate has less than fifty percent that has to be a runoff and that didn't happen and that reduce the amount of tension in the country got fifty two percent and now he can go ahead with his big programs as you know they're going to build a new canal that's going to be a huge project so there's gonna be a lot of construction activity in that country which could be interesting of course currency is in trouble and the trade balance is not very good but generally speaking i think they'll pull through yeah mark i was actually going to ask you about that the currency's been hammered and foreign money's been pulled out a turkey theirs defend obviously but there's also just concerns of our president erdogan's he's handling are approaching the management.

bloomberg grasso ed baxter mark mobias fifty two percent fifty percent two years
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:15 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"The world is listening this is bloomberg best i'm june grasso i'm ed baxter legendary emerging markets investor mark mobias says the global economy is heading into uncharted waters as the us china trade tensions continue to escalate he explains more with bloomberg's david iglesias and rishaad salamat but this is probably the one of the most talked about impressing topics and business and markets this year trade tensions missing the whole situation with china the us is very critical particularly for china i believe the situations get worse with trump is not going to give in and it's going to continue to hate china in terms of the incredible trade imbalance has you know the trade imbalances the biggest of any other country that the us has and i believe that it would be a real problem with china going forward the good news is that some emerging market countries will benefit from this just to give an example soybeans new civic export of soybeans china but argentina could benefit unfortunately argentina's now suffering from drought and they had a downturn in their song being production but jenny speaking you're going to see the winners and losers coming out particularly in the emerging markets arena have you ever known any time like this at the moment and we are in uncharted territory i suppose and how'd you look at it then from fund management perspective you absolutely right we are in uncharted waters the previous american administration's pretty much endorsed world trade freedom of trade the wto and all of these other agreements multilateral agreements trump is going in the opposite direction he wants bilateral agreements he is really upsetting the apple cart so to speak and therefore the uncertainty will grow not only in the general larger markets like the us europe but in emerging markets as well so we're going to have to be focusing very much on individual countries individual companies to see where the winners and losers are going to be but it's going to be very interesting time in the next year or two years and mark at this point in time do we know enough to figure out who the winners might be in your view in our view the in terms of the emerging markets some of the most interesting now because of their tremendous decline in the currency's and the markets would be brazil would be one example turkey would be another example and then although india's not come down that much there tremendous opportunities in india because they going to pick up the slack that is coming from the trade embargo on chinese goods so i think you have to look at those countries that will benefit from this trade war south korea would be another example to be this creeping economic nationalism out there right donald trump turkeys another example of it as well with wretched winning that election and strangling his own hand how'd you look at that then now you concerned about that no i'm not that concerned because i believe that there's still a situation in turkey where you can get opposition there is an opposition and there's a chance to protest if people want to the good news is that in turkey you didn't have a runoff as you know if one candidate has less than fifty percent there has to be a runoff and that didn't happen and that reduce the amount of tension in the country got fifty two percent and now he can go ahead with his big programs as you know they're going to build a new canal that's going to be a huge project so there's going to be a lot of construction activity in that country which could be interesting of course currencies in trouble and the trade balance is not very good but generally speaking i think they'll pull through yeah mark i was actually going to ask you about that currency's been hammered and foreign money he's been pulled out a turkey there's the.

bloomberg grasso ed baxter mark mobias fifty two percent fifty percent two years
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"And the yen went oh nine point six four bob caron equities around the world are slumping and emerging markets are in focus as the turkish lira weakens to a new record the move comes the central bank appears reluctant to act monetary policy to defend the currency holiest capital partners co founder mark mobias says there's concern that contagion from turkey could spread to other emerging markets is no question about it fair if the movie general movement of the market is down then the selling process going on don't forget ats exchange traded funds are big now and once those machines start selling you get a knock on in the snowball so to speak with the lira's steep decline many analysts say turkey's central bank may have to move to support the market before its scheduled meeting on june seventh and checking the leroux right now it is down three and a half percent at four point eight three eight four here in the us the house has approved a sweeping overhaul of bank regulations if signed into law would be the most significant overhaul of banking oversight since the dodd frank act in two thousand ten get details from bloomberg's senior editor jodi schneider basically raises the threshold from fifty billion dollars that's now to two hundred and fifty billion dollars in assets to be declared a systemically important institution that has more fed oversight so a lot of mediumsized institutions would not have to comply under this and also this expected they'll be more deals in that space because a lot of times these deals were not done they want to get to two hundred fifty billion and have to comply with the additional regulation the bill now heads to president trump's desk giving him a chance to make good on his campaign promise to quote do a big number on the dodd frank act is trump also continues to reconsider penalties against chinese companies e t e it's movies contemplating as a favor to president xi jinping amid ongoing trade talks between the us and china i want this to be a great deal for the united states and i wanted to be a very good deal for to.

turkey bloomberg jodi schneider trump united states bob caron co founder mark mobias leroux senior editor president frank fifty billion dollars
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:40 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"The first batch of this tennessee whiskey will hit store shelves in the fall i'm bill michaels the tv academy is reviewing bill cosby's four emmy awards and inclusion in the academy's hall of fame following his sexual assault conviction cosby's two thousand three bob hope humanitarian award also is under review i'm barbara kusak this is bloomberg best bloomberg best is about the insight and the context we get from our guests it's a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find any other news organization bloomberg best bloomberg's best stories of the day our d by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world i'm june grosso on this edition of bloomberg best for wednesday may second gene monster reacts to apple's expectationbeating firstquarter results what we're seeing is more stability and predictability the iphone business and then obviously the strength the growth in services plus legendary emerging markets investor mark mobias discusses the upcoming trade talks between the us and china i think the chinese are going to be very laid back and very careful to keep the americans happy they don't want to create a war that's for sure vest and i'm doug krizner at bloomberg world headquarters in new york let's check this hour's top business stories and the markets xiaomi is now the first major company to use hong kong's new rules going public company has filed for what's expected to be the world's largest ipo since alibaba went public back in two thousand fourteen xiaomi is the chinese smartphone makers taking advantage of changes where different share classes can now list in hong kong now this filing does not indicate how much how me is looking to raise although we are told it will be at least ten billion dollars and that could value the entire business at as much as one hundred billion dollars tesla says it will generate cash in the second half of this year as production of the model three gains traction the company says it's on track to make more than five thousand units a week in about two months now for the last quarter tesla reported quarterly revenue above estimates the company also said it produced the model three at a rate of more than two thousand units for three weeks straight during the month of april amazon is said to be offering to pass along the discounts at gets on credit card fees to other retailers if they use the online payment service that amazon offers this move show that amazon is willing to sacrifice.

alibaba new york bloomberg world apple emmy tennessee amazon tesla bill cosby hong kong doug krizner us mark mobias grosso bloomberg barbara kusak assault one hundred billion dollars ten billion dollars
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"Twenty four hours a day on air and act tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm nathan hager this is bloomberg bloomberg best bloomberg best is about the insight and the context we get from our guests it's a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg's best stories of the day powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world i'm june grosso on this edition of bloomberg best for wednesday may second gene monster reacts to apple's expectationbeating firstquarter results what we're seeing is more stability and predictability in the iphone business and then obviously the strength the growth in services plus legendary emerging markets investor mark mobias discusses the upcoming trade talks between the us and china i think the chinese are going to be very laid back and very careful to keep the americans happy they don't want to create a war that's for sure all this and more coming up in the next hour of bloomberg best for us let's check the markets and some of today's top business stories i'm charlie pellett a retreat on wall street with stocks falling to their lowest in a week the dollar jumped as investors assessed the federal reserve signal that it's in no rush to raise rates even as inflation rises to its target with more here's bloomberg's vinny del giudice is in their policy statement fed officials acknowledged inflation is close to their target they didn't however signal any intention of veer from their gradual path of tightening additionally central bankers acknowledged weakness on first quarter growth by tweaking the reference the outlook for the economy next fed meeting mid june vinny del giudice bloomberg radio.

twitter nathan hager bloomberg grosso mark mobias us charlie pellett vinny del giudice apple Twenty four hours
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:35 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"Is co founder and managing partner at a loop ventures what is most impressive about his tie growth it's also really reliable growth in that eases investor nerves and that comes at the same time where the iphone surprisingly is becoming more predictable and i think that's an important takeaway from last night to result apple is at three point four percent and that's gene munster is heard on bloomberg radio and the us treasury department will boost the amount of longterm debt it sounds to seventy three billion dollars this quarter as president trump's administration seeks to finance budget deficits set to widen further because of tax cuts and higher spending that's a bloomberg business flash tom and pimm thank you so much earlier this morning we enjoy mark mobias starting a new venture at eighty something which is wonderful good luck on that mr moebius alan ruskin deutsche bank dennis carbon was with us on bloomberg surveillance in the early hours i guess that your wall street discussion of the day no this is arthur levitt is with us he's a former chairman of the sec but far more than that with a really interesting career on wall street and arthur we have stories today that only you can give perspective on the passing of an icon of the business richard jenrette to see him is contributions to donaldson lufkin jenrette is well and then out of d l j alliance capital and david williams who then linked up and i remember this day clear isabel with the makers of the black book which was the smartest research in wall street other than d eljay was sanford bernstein full together for the wall street of that time in what david williams did in melding financial trach into something of real substance which is as company alliance bernstein alliancebernstien was absolutely phenomenal and don't discount generates role in terms of how that played out now ten years ago for a company with those credentials to move out of new york city would have been on today it's not at all unthinkable and the fact that they're headed for nashville when taxes are lower maybe schools are better makes eminent sense see it doesn't it's not you're getting riled up i'm not riled up it's just.

david williams new york sanford bernstein donaldson lufkin jenrette richard jenrette bloomberg mr moebius president treasury managing partner nashville bernstein alliancebernstien co founder sec arthur levitt dennis carbon mark mobias tom
"mobias" Discussed on CNBC's Fast Money

CNBC's Fast Money

02:06 min | 3 years ago

"mobias" Discussed on CNBC's Fast Money

"Bitcoin is an alternative payment system which is very badly needed people turning to bitcoin hab up to now turn to bitcoin in the hopes of having currency that they can use without the surveillance of the us of course for licit purposes and for good purposes but the end of the day is definitely a desire for no turned to the us dollar that was market guru mark mobius making domestic on bitcoin earlier today on squawk box bullish tone comes as bitcoin bitcoin post one of its best weeks twenty crypto currency getting more than twenty percent this week alone that's bitcoin bowls making some bold all silicon valley legend him draper announcing the key things point hit two hundred and fifty thousand dollars by twenty twenty two not crypto investors tomlin spencer broke are twenty five thousand by year end for more on this let's bring in our very own crypto baller brian kelly joins us now on the phone bk tim draper seems kinda crazy when you saying two hundred fifty thousand dollars by twenty twenty two you know what it sounds crazy but i think about this white that's four years from now that's a three thousand percent return from here which again found breezy over the last two bitcoin four thousand percent return so now again it parabolic but it would just be a continuation of the trend that we've seen as big claim moves to become more institutionalized though in terms of investor flows do we see those kinds of parabolic moves or does it does a train and get sort of dampened volatility dampened well we'll the hope is the ball gets dampened and and that way becomes a lot more useful cause the big problem with bitcoin now is using it as a currency is very difficult because of the volatility using the countries that mark mobias was talking about because you don't have an alternative this is what you have to who would certainly like to say with futures this week we had big volume futures that'll hopefully tamp down the volatility a bit that doesn't mean we can't it can't reach those levels it just might not do it as fast that didn't last two years.

Bitcoin us tomlin spencer brian kelly tim draper twenty twenty mark mobias two hundred fifty thousand dol fifty thousand dollars three thousand percent four thousand percent twenty percent four years two years
"mobias" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:38 min | 3 years ago

"mobias" Discussed on WAFS Biz 1190

"Well of course as soon as you don't worry about things is often the time you should be worrying about things but but yes i think in part inflation isn't the top of our list of concerns at the moment but it's still got to be kept there in the back of in the back of one's mind don't seem great inflationary pressures anywhere in the world at the moment despite many countries actively trying to encourage inflation such as japan encouraging and having failed so that's not one of our concerns we nonetheless expected interest rates to as we expect steadily rising interest rates out the us this year not by leaps and bounds just pool tweaks upwards hugh this is of course the last big inflation data point before the fed meets next week do we expect this to change the policy outlook at all i think that that inflation number change weight change look we'll just really confirm what i think most people think of his has been going on so so it's not going to be a cause for for change all right hugh young you're staying with us still ahead we are turning to qatar qatar is cash raising continues as it offloads its entire stake in via we look at the measures doha is taking as it deals with the ongoing standoff with its gulf neighbors pretty crazy to think that that's now in its and month but up next emerging markets veteran mark mobias gives his two cents on china's regulatory overhaul and what it means for investors we're going to hear from him nuts and make sure you stay tuned to bloomberg tomorrow our global economics editor michael mckee is going to speak live to canadian prime minister justin trudeau this is bloomberg seize the chance to acquaint yourself with germany's first female chancellor angela merkel a chancellorship forged in crisis bloomberg news correspondents alan crawford and tony tissue ska explore merkel's unconventional policies and potential influence as europe struggles through crippling financial crisis discover a fascinating leader in her political and cultural context angela merkel a chancellorship forged in crisis is a bloomberg press title published by wiley available wherever books and e books.

qatar qatar bloomberg press europe alan crawford bloomberg news chancellor germany prime minister michael mckee bloomberg japan angela merkel justin trudeau editor china mark mobias fed
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:27 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"Top of our list of concerns at the moment but it's still got to be kept there in the back of in the back of one's mind they don't seem great inflationary pressures anywhere in the world at the moment despite many countries actively trying to encourage inflation such as japan encouraging and having failed so that's not one of our concerns we nonetheless expect interest rates to to rise sues we expect steadily rising interest rates out of the us this year not by leaps and bounds but just gentle tweaks upwards hugh this is of course the last big inflation data point before the fed meets next week do we expect this to change the policy outlook at all i think that that inflation number won't change when change yelp look it we'll just really confirm what i think most people think of has has been going on so so it's not going to be a cause for for change all right hugh young you're staying with us still ahead we are turning to qatar qatar cash raising continues as it offloads its entire stake in bulimia we look at the measures doha is taking as a deals with the ongoing standoff with its skull neighbors pretty crazy to think that that's now in its and month but up next emerging markets veteran mark mobias gives his two cents on china's regulatory overhaul and what it means for investors we're going to hear from him nuts and make sure you stay tuned to bloomberg tomorrow our global economics editor michael mckee is going to speak live to canadian prime minister justin trudeau this is bloomberg seize the chance to acquaint yourself with germany's first female chancellor in angela merkel a chancellorship forged in crisis bloomberg news correspondents alan crawford and tony tissue scott explore merkel's unconventional policies and potential influence as europe struggles through a crippling financial crisis discover a fascinating leader in her political and cultural context angela merkel a chancellorship forged in crisis is a bloomberg press title published by wiley available wherever books and e books are sold remember when getting.

japan bloomberg press europe alan crawford bloomberg news germany prime minister michael mckee bloomberg qatar qatar angela merkel chancellor justin trudeau editor china mark mobias fed
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:25 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"Three beer vouchers i'm john stolnis english language edition of the latest book from pope francis says coming out this summer saint martin's press has announced that a future of faith will be published august seventh and the us and the uk pope francis discusses jeez on everything for divorce to a college i'm ann cates this is bloomberg best bloomberg best is about the insight and the context get from our guests it's a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg's best stories of the day powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world i'm also and i'm ed baxter on this edition of bloomberg best for tuesday march thirteenth kim wallace from the eurasia group reacts to mike pompeo's nomination to replace rex tillerson at the state department is going into confirmable and we'll be loss mark mobias discusses his outlook for the chinese banking sector some of these institutions went far beyond where they should have gone in terms of mending in terms of financing and they have to bring it together again all this and more coming up in the next hour of bloomberg best first let's check this hour's top business stories and the markets we are getting the latest eco data for china and it is a mixed bag for the january february period industrial output was up seven point two percent that's a year over year measure and it was much stronger than forecast retail sales meantime better by nine point seven percent year over year slightly weaker than the forecast of nine point eight percent and fixed investment up seven point nine percent year over year the estimate was for a gain of seven percent broadcom is said to have abandoned its bid to takeover qualcomm this after opposition from the trump administration on grounds of national security bill ackman has sold a chunk of his firms holding in automated data processing this is the payroll outsourcing that ackman had targeted in an unfair successful proxy fight last year by the way ackman's fund pershing square capital sold about fourteen percent of of its overall adp holdings the vice chairman of alibaba group outside has said to have joined.

alibaba group mike pompeo uk saint martin vice chairman ackman qualcomm broadcom pope francis china mark mobias rex tillerson eurasia group kim wallace ed baxter bloomberg ann cates us
"mobias" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"mobias" Discussed on Bloomberg Radio New York

"In the special congressional election in southwest pennsylvania republican rick sokoto hopes to keep the eighteenth district in gop hand doing great job thank you for your support mr president we all love you out here in western pennsylvania democrat connor lamb leads succumbed slightly in opinion polls and overwhelmingly in fundraising have been very focused on our voters here they overwhelmingly want me to work with the president where it benefits us here in western pennsylvania i'll be more than happy to do that is raise is seen as a read on democratic enthusiasm heading into the overall midterms global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries this is bloomberg this is bloomberg best bloomberg best is about the insight in the context we get from our guests it's a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg's best stories of the day powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world i'm jim also and i'm ed baxter on this edition of bloomberg best for tuesday march thirteen kim wallace from the eurasia group reacts to mike pompeo's nomination to replace rex tillerson at the state department is going in confirmable will be laws mark mobias discusses his outlook for the chinese banking sector some of these institutions went far beyond where they should have gone in terms of lending in terms of financing and they have to bring it together again all this more coming up in the next hour of bloomberg best first let's check the markets and some of today's top business stories i'm charlie pellett stocks fell for a second day is markets took in the political and economic news consumer prices edged higher as we hear from bloomberg's vinny del giudice it's evidence inflation is closing in on the fed's target without any big exceleron shen the consumer price index rose point two percent in february core cpi excluding food and energy was also uprising point two percent energy prices and food costs both showed little change services account for about sixty percent.

vinny del giudice charlie pellett mark mobias confirmable mike pompeo gop fed pennsylvania rex tillerson eurasia group kim wallace ed baxter bloomberg connor lamb president