18 Burst results for "Mufg"

"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:19 min | 4 d ago

"mufg" Discussed on Bloomberg Radio New York

"He will report before the long weekend. I can tell you apple for those interested February 2nd, a little bit later. This week. Big week coming up with a set that enough this morning. I think you should say it a little bit more. I think we coming up. I think it's now people understand. These are going to be some of the more interesting reports, earnings reports. And I think that with Tom forte just said there about the macro play. You get both the business pull back and you get the consumer spending, both converging in the likes of Amazon and how much you start to see that weakness. Could that play in a bigger place in a bigger way? Could that be a sort of economic data point in its own right? I come back tomorrow. So I hear. This is going to be the first time in a couple of weeks that we've all been together. I think people think we are on a boycott of the boycotting together. I don't know, I've been getting a lot of messages. What are they saying? You know, what's going on? Why are the three of you never together? Yeah, that may be a conspiracy theory. Somebody was like, the honeymoon period is over. There was a honeymoon? That's exactly what I was thinking. At what point did someone think this was a honeymoon? Another hand. Yeah, no, he's just off today. And he'll be back tomorrow supposedly for the snap earnings. That's really his history. That's exactly what he's going for. He's serious. He's going to be all about that. And Apple, he's going to be holding up his iPhone the entire day. Well, that's usually what he does. Cover the 9. Companies adapt, didn't you know? They also adjust they are just and they adapt. So we're here. I'm corporate America. It's true though. In the next step, we'll catch up with George concuss of MUFG. Kristen biddle, as Citigroup, and Jimmy anchor of Bianca research, looking ahead to a monster week of earnings of Central Bank decisions and of economic data as well, we've asked the question through this morning. The most important one for fetch a pal, the easing of financial conditions over the last few months. Is it warranted or unwarranted? And once you've got the response to that question, how do you respond as a market participant to ignore chairman Powell and focus on the rate cuts that perhaps your pricing? We've had that question asked repeatedly through this morning. And when I asked the question, are you focused on the data or chairman power? What's the response we're getting? Data, the data and what does that tell you about how they're going to respond to chairman Powell on Wednesday? Well, I'll tell you this, a viewer writes in chat GPT says Bloomberg morning guests are at odds citing egos. We will see. But data has ruled out. I mean, I'm tempted to ask. Dare I ask who you think's got the biggest ego

Tom forte MUFG Kristen biddle Jimmy anchor Bianca research apple chairman Powell Amazon Citigroup Central Bank Apple George America
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:14 min | Last week

"mufg" Discussed on Bloomberg Radio New York

"In line just a little bit higher there in the white yields with U.S. tenure treasuries, and that's because the credit raging agencies, including Fitch last week, regardless as an extremely safe credit, even though they point out that the key weakness is this political dysfunction. And a little bit more drama in Israel, a voting member of the bank of Israel's monetary committee steps down, not the not the governor who was effusive in his praise for use of the one I got him over there to do a couple of markets for him. I've never heard so much extolling of faith from a Central Bank governor. But it's not him who stepped on. Who is it? No, it's Moshe has an he's been on this committee for 5 years and was supposed to serve as a voting member for two more years. And he's also a professor and economics professor in the country. And his resignation was purportedly to allow him to take a more public, political activity. He warned in an interview with local news publication calculus that the steps that were coming from the Netanyahu government could cause great damage to the independence of the judiciary and its public services. And he actually put some more interesting figures on some of the policies that are being proposed by the Netanyahu administration, seeing 20 to $30 billion of outflows in a potential brain drain from the tech sector. Let me just remind you what the government wants to do. They want the parliament to have more influence over who is appointed to the high court positions in Israel. They also want fewer checks by that judiciary system on the legislator and critics, including the Texas tech sector luminaries at Hasan himself saying that this would erode the judicial independence and important way that would really hurt investor confidence in the country. So and thank you for the details that some of Fox spent at the kind of financial center in Doha. Let's get to the commodities front because oil has steady traders wait for signals on the state of Chinese crude demand after the nation ditched COVID zero investors are also tracking the impact of tighter curves on Russian energy flows imposed by the European Union and the U.S. following the invasion of Ukraine. Let's head out to astronomy. He's the head of commodities ESG and EM research of MUFG. Asan, I mean, I really want to get past all the reasons why crude oil is going to stay arranged bound in the next three to four months. I want to look for the catalyst that's going to drive this meaningfully to the upside or meaningfully to the downside, which can't by you. Well, thanks. You said I was being more constructive and bullish going forward. I think look, I mean, prices have staged a notable rally of the two day short shop liquidity at the start of the year. I think the global macro backdrop from headwind is now certainly moving towards tailwinds. I think three key drivers for us in the last 6 months from the downside are beginning to turn. And that is Russian oil, the coupling is starting to show in the data. I think Chinese mobility indicators are beginning to bottom out. And we are seeing signs that buoyancy of the U.S. high frequency numbers are raising the prospects of the soft landing. So I think that really reinforces the things like the weakening of the dollar, which is again acting as a tailwind. So all the forces are really showing that I think once we're out of the initial volatility of the headwinds as we go forward, we're in the camp of being constructing a bullish and our forecasts are pointing to a $112 by the first quarter of this year. That's a very bullish construct and it's certainly chimes with the messages that we received all last week. When we were in Davos, but the other contingent part of this narrative is what happens next from Russia. We heard Russia talking about potentially cutting off output or shutting in iPad by 500 to 700,000 was Novak, the deputy prime minister said, was insignificant. A do you see that as a material risk and B? They're skating on thin I said OPEC plus, do they have the ability to fill that gap like that? So I think in terms of the first question, yeah, I think the next Catholics would certainly be the prospects of the EU sanctions on the product side on the 5th of February. And I think certainly when that comes in the force, both sides will see significant I think the first in terms of European side, we're talking no less than 50% of total diesel imports are coming from Russia, so certainly they'll need to be found from elsewhere. And I think certainly yes, these sanctions might rush and I think they will need to source these elsewhere. I think if you're a serious about this embargo, the Russia will have a significant time in terms of trying to find new sources of it so often exports. Now, I think in terms of its role in OPEC, I think the rhetoric has been continuous that it remains a valued member more for longer term. So we don't see that changing much both from Russia within Russia as well as from the other bank members. I would like to put on your EM cap, which is sort of the other front you spent a considerable time on. And talk about Kuwait, where we did see the resignation of the cabinet. It's the 6th time in about two years. Does that put at risk any of the projections you have for the country in terms of growth in terms of momentum off the back of resilient energy prices in 2023? Yeah, thanks. So I think look, I think growth remains positive. I think funding leads needs are very low in Kuwait but certainly I think the political paralysis and the need for showing conviction in terms of policy execution is something that credit rating agencies, for instance, have continuously echoed when it comes to Kuwait. But yeah, I think as the new year turns, we always hope for signs of optimism on create but certainly I think the reforms is of focus and passing a dead law over the

Netanyahu government Netanyahu administration bank of Israel MUFG U.S. Israel Russia Fitch Moshe Central Bank Asan Hasan Texas tech European Union Doha parliament Ukraine OPEC
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | Last week

"mufg" Discussed on Bloomberg Radio New York

"In recent months, much of it heading to China. You focus on China. That's the right focus. It is the main destination of illicit exports by Iran. We've been in contact with the Chinese authorities and will continue to take steps to sanction those who are involved in the import of Iranian oil. A voting member of the bank of Israel's monetary committee is stepped down, saying the country's democracy is in danger. Moshe Hasan is an economics professor who spent more than 5 years on the rate setting panel. It's one of the highest profile departures from the public office since prime minister Benjamin Netanyahu began a push to change the judicial system to give politicians more influence over the courts. And Kuwait's government has resigned less than four months after being appointed, following disputes with lawmakers. State run news agency Kuwait says the prime minister submitted the resignation to The Crown prince, one of the disputed bills included a proposal for the government to buy billions of dinars worth of citizens, consumer loans, some which some fear would drain state coffers. Global news, 24 hours a day on air and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts in more than 120 countries. I'm Simone foxman, this is Bloomberg. Thanks, Simone. Here's a bit of a preview of what else is coming up as traders wait for fresh signals on the state of Chinese crude demand. We speak to MUFG's head of commodities S on command. But up next, that rock's Kareem Chad discusses the

bank of Israel's monetary comm Moshe Hasan prime minister Benjamin Netany China Kuwait Iran Bloomberg Simone foxman government Simone MUFG Kareem Chad
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:05 min | 3 months ago

"mufg" Discussed on Bloomberg Radio New York

"With this Bloomberg radio business flash, so let's take you through what's happening with Chinese shares. They've actually headed back into negative territory this morning. We had that historic sell off yesterday on the hang sang and under CSI 300 amid fears over what she's paragraph might mean for the future of the world's second largest economy. The offshore yuan is falling to the lowest levels since trading began a dozen years ago as well, the decline extending after China's Central Bank set the official fixing rate for the currency at the lowest level in 14 years. The CSI 300 now down by two tanks of 1%, the hang seng, down by a tenth, tech shares are still seeing somewhat of a rebound in Hong Kong, the hang seng tech index is up by two and a half percent in trading. Now, another share that we're watching for you in Hong Kong though is HSBC down 2.9% now after their latest results, we have we're hearing from the CEO no Quinn and the outgoing as we now know CFO U and Stevenson who are speaking at the moment and no quin saying that he has no plans to depart he's not halfway through his agenda, now you and Stephenson is going to be leaving next year. The bankers announced this morning and he's going to be replaced by the current co CEO of global markets and banking more on that story in a moment interesting to hear no quince say that he was very pleased by the UK's decision. On the new prime minister. Looking ahead towards European trading on markets later, Euro stock 50 features are a tenth of 1% higher this morning, S&P I mean is our flat this hour the ten year treasury yield still four basis points lower at 4.2 on the currency markets have been dollar spot index is flat. The pound is trading just a touch stronger now against the dollar on cable one 1284 is where that's trading the Euros at 98, 73, the Japanese Yan still hovering around a 149 of course the bigger movements as I've been saying have been in the yuan the after you are now trading at 7 34 down two times 1% against the dollar on Sino oil prices turned positive and up by much WTI is up by just a handful of 1% now at $84 and 66 cents and Bitcoin is a quarter of 1% weaker 19,332 is where that's trading. That's your Bloomberg radio business flash now here's Leon guerin's with more in what's going on around the world, Liam. Steven, thank you, the UK's incoming prime minister Rishi sunak has warned of the profound economic challenge facing the country in a short address of former Chancellor vowed to unite both the nation and his warring conservator party. Sunak is the first British Asian in the top job, and he will officially take office later today after visiting King Charles. Now Georges LB is to replace you and Stevenson as HSBC's chief of financial officer the promotion said the former market's head up as a potential FrontRunner to eventually replace the chief executive officer Noel Quinn at the helm of Europe's largest lender, Stevenson is due to step down at the end of this year. And children who play three hours or more of video games a day performed better on tests of memory and impulse control than the ones who didn't play games. This is according to a new study which analyzed brain scans of about 2000 children, the performance could be related to the games, but scientists stopped short of saying there was a cause and effect relationship the kids who performed a better on those tests may be the ones who choose to play a video games in the first place they say global news 24 hours a day on air and on Bloomberg quicktake. Powered by more than 2700 journalists and analysts in more than 120 countries, I'm leann gerrans, this is Bloomberg, Stephen. Leon, I mean, neither of us are qualified to talk about this. Three guys with computer games sounds like a lot. It just sounds like my worst nightmare. Can I tell you who I think would be very qualified to talk about this Matt Miller, Bloomberg's very own Matt Miller. He spends a hull afternoon playing with the teenager next door quite often, and he tells me how much he enjoys computer games. But I must admit something. This is really interesting because there have been so divisive computer games haven't they, lots of parents have worried that the children spend. Yeah, well, this is the general debate over screen time, right? Which is exactly, but this is saying that if you want to believe this survey, that's come out. And I look, I think you made the important point in that, which is it's not causality. They're saying that it could be just correlation is that you could have the children who were attracted to playing games might be those that actually have those memory and impulse control as well. Look, it's always interesting to kind of see where these studies are going and I'm sure I'm sure there was a line in there that said more research needed was sent to be the general conclusion in a lot of these studies as well. And Gary and thank you very much for that moving tomatoes that we know a little bit more about, which is movements on the markets this morning, guilt, how some of their biggest gains on record yesterday is where she see anak was confirmed as the UK's new prime minister investor is betting that he'll turn the page on the market turmoil help restore credibility joining me now is Derek hall penny head of research for global markets at Japan's largest bank MUFG. Good morning to you, Derek, great to have you. And I need to do now to prove that he's the safe pair of hands for the UK economy. Well, I think it nearly goes beyond the specific economics, if you like, because obviously Jeremy hunt did a lot of the big lifting when it comes to rectifying the mess that was created by cosign. And let's trust. So I think the markets have confidence and obviously Rishi sunak, who was very critical of Liz trust's policies. I think the markets are reasonably comfortable now and well priced for sensible more fiscally prudent policies going forward. I think that the very near term test, which we'll get evidence of over the next couple of weeks is more politically because the biggest challenge is unifying the Conservative Party, which remains incredibly divided. And of course, was cited as the reason for Boris Johnson deciding to pull out because he couldn't unify the party. The question is, can

Bloomberg Stevenson Rishi sunak HSBC Hong Kong Leon guerin Sunak Georges LB Noel Quinn quin Matt Miller UK leann gerrans Central Bank Stephenson
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:55 min | 5 months ago

"mufg" Discussed on Bloomberg Radio New York

"Derek helping in our head of research global markets Amir and international securities at MUFG. With what you heard from J pal, hire for longer. Does that underpin the dollar in the quarters ahead? I think it does. The markets are starting to kind of go back into risk off equity markets are a bit more fragile. So there's clearly indications there that the markets are beginning to listen to the fed. But really energy comes into play. And the question is, will the ECB and the Bank of England be able to implement what's priced into the market given what's happening in the energy markets? And we want to unpack the energy stories with you for now. Just focusing on that decision for the fed in the September. Yeah. What would 75 basis points do for dollar? Not a whole lot, one in the background. You've got the potential for the ECB to do the same. So when that story came out last week, I was a little bit skeptical, to be honest. But now we've had some comments from other ECB officials to suggest it's at least on the table. And in these markets, in this world, who knows, they could very easily do 75 basis points. I can't believe I'm saying that. But that's where we are. And in those circumstances, 75 from the fed, when we're about 67, 68 basis points priced, I'm not sure that's going to change the dial significantly from a dollar perspective. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Markets, headlines, and breaking news, 24 hours a day. At Bloomberg dot com, the Bloomberg business app. And at Bloomberg quick take. This is a Bloomberg business flash. And I'm Karen Moscow in futures are higher this morning, S&P futures up 21 points down futures of 99 NASDAQ futures up a 117, and the ten year treasury is down 5 30 seconds. You'll 3.12%

MUFG ECB fed Amir Derek Bank of England Bloomberg Karen Moscow treasury
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:51 min | 5 months ago

"mufg" Discussed on Bloomberg Radio New York

"Influential conversations from Bloomberg television. Here's Tom McKenzie. Derek halpin in our head of research global markets are mere and international security at MUFG with what you heard from J pal, hire for longer. Does that underpin the dollar in the quarters ahead? I think it does. The markets are starting to kind of go back into risk off equity markets are a bit more fragile. So there's clearly indications there that the markets are beginning to listen to the fed. But really energy comes into play. And the question is, will the ECB and the Bank of England be able to implement what's priced into the market given what's happening in the energy markets? And we want to unpack the energy stories with you for now. Just focusing on that decision for the fed in the September. What would 75 basis points do for dollar? Not a whole lot when in the background you've got the potential for the ECB to do the same. So when that story came out last week, I was a little bit skeptical to be honest, but now we've had some comments from other ECB officials to suggest it's at least on the table. And in these markets, in this world, who knows, they could very easily do 75 basis points. I can't believe I'm saying that. But that's where we are. And in those circumstances, 75 from the fed, when we're about 67, 68 basis points priced, I'm not sure that's going to change the dial significantly from a dollar perspective. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Markets, headlines, and breaking news, 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. But I'm Karen Moscow and U.S. stock index futures have been fluctuating a bit this morning stocks. Meanwhile, are headed for a monthly drop on concerns that restricted monetary policy to tackle inflation will harm the global economy. We check the markets every 15 minutes throughout the trading day, on Bloomberg, S&P futures, their little change now features now down about 51 and NASDAQ futures are up 19. The Dax in Germany is down 8 tenths of a percent ten year treasury down 6 30 seconds, 3.12%, yield on the two year 3.47%, 9 X crude oil edged down two and a half percent on $2 25 cents at $89 40 cents a barrel. Comic skull down 6 tens percent or $11 is 1725 40 ounce. The Euro .9991 against the dollar British man 1.1641 in the yen one 38.66 and Bitcoin this morning at 1.2% at $20,220. As a Bloomberg business flash, now here's Michael Barr with more on what's going on around the world, Michael good morning. Good morning, Karen, the Department of Justice says White House records held in the storage room at Donald Trump's

ECB Tom McKenzie Derek halpin MUFG fed Bloomberg television Bloomberg Bank of England Karen Moscow U.S.
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 7 months ago

"mufg" Discussed on Bloomberg Radio New York

"Ad council. Influential conversations from Bloomberg television. Here's Tom Mackenzie. Johnny asks his Derek halpern a MUFG head of research global markets emea at international securities, the fed starts to reverse some of its rate hikes, even starts to reverse some of its quantitative tightening because of the buildup of inventories, particularly in the retail space, and some data now starting to suggest that maybe inflation is starting to peak. Would that undermine is the dollar at risk of that kind of scenario, I guess that's the question, Derek I think it is, Tom, historically, when the fed takes monetary tightening action and then ultimately that results in the U.S. economy beginning to slow. The strength that was initially evident on the fed action and starts to reverse as evidence of either a sharp slowdown or potential recession starts to become the theme in the market. You know, it's very, very clear that the fed has kind of led the march in terms of monetary tightening on a global perspective and has been far, far more aggressive than what it usually has been in recent monetary tightening cycles. And ultimately, the slowdown that could be triggered from that, given the fed is the most aggressive Central Bank, I think, would certainly start to see the U.S. dollar reverse. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app. Or check your local cable listings. This June in honor of Pride Month and Juneteenth, Bloomberg brings you a special equality series every Thursday in June at 1 p.m. eastern. Bloomberg quality celebrating inclusion this Pride Month and all year long. This is a vulgar ass type of bed or

fed Tom Mackenzie Derek halpern MUFG international securities Bloomberg television Johnny Derek U.S. Tom Bloomberg Central Bank
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:02 min | 10 months ago

"mufg" Discussed on Bloomberg Radio New York

"For the rest of the year despite the supply chain challenges low ride is in London with the takeaways from Tesla So what was the big promise Laura Well as you mentioned manis supply chain challenge is higher raw material costs We learned that Tesla had seen rises of 20 to 30% from some of their suppliers and recent months which led the world's most valuable electric vehicle maker to in turn raise their prices So record profit revenue for the period of 81% year over year gross margin improvements in playing higher cost efficiencies Elon Musk did join the call and he reiterated the company's goal of one and a half million vehicle deliveries in 2022 and 50% average annual vehicle delivery growth annually Now the all important question of that Shanghai plant which is now Tesla's most productive global hub It was shuttered for most of March but Elon Musk while he stated its back with a vengeance and he sees a production catch up for the rest of this year in subsequent quarters Okay and then we also learned about Tesla's new factories and future ventures and also a little bit of numerical perspective What are the details Yeah so this quarter we've already seen the opening of the Austin Texas plant and the Berlin Gigafactory at present both those factories are focusing on model Y production the ramping up executives believe it will take 9 to 12 months for them to reach full efficiency levels and looking at future ventures the CyberTruck That will reach volume production next year and we learned about a robo taxi Elon Musk's believe this will offer the cheapest cost per mile for customers lower than a subsidized bus ticket That will see volume production in 2024 and the optimist humanoid robot Elon Musk stated he believes eventually this will become more valuable than even the electric vehicle business and that the market had underestimated its significance at the launch No mention of that hostile takeover bid for Twitter though Elon Musk admitting that he's never been more optimistic about Tesla So whether he was trying to assuage the concerns of existing shareholders all he's had a change in his June I'm all up on the robots You are all the way out there I'm hoping so I'm just going to look after me when I get old Laura thank you for that Laura Wright in London I want to get back to treasury yields man 'cause that's on the mind of a lot of investors this morning swinging back higher after taking a bit of a break in the last training session This is the state of play for tens we're looking at two 86 48 We had the call of course for Bank of America They're seeing a compelling opportunity to target two 25 They are saying go long into the straight but then MUFG's forecasting of both flattening was 3% in the U.S. ten year yields as of the second quarter 2022 and that falls to two 25 in the fourth quarter They're saying the backdrop kind of sets the scene for that kind of move This is also what we're seeing in terms of the international metrics is to give you a global flavor to some of the bond market action The benchmark inflation rates there from Australia and from China as well Yeah keep an eye on those rate differentials We just had a tough Qasem from state street saying the market's overdone in terms of the rate expectations that we can have But those rate expectations are ultimately driving the dollar dollar king dollar is what you have for up to tenth of 1% Those rate differentials will remain the alpha as the dollar rises You are seeing the yen dropping again And I think because the comments from the finance minister are the World Bank meetings not being more aggressive not being more as aware interventionist Has again unleashed the dying sign on the end.

Elon Musk Tesla Laura Well Austin Texas plant manis London Laura Wright Shanghai MUFG Berlin Laura Twitter Bank of America U.S. Australia
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:41 min | 10 months ago

"mufg" Discussed on Bloomberg Radio New York

"The MSCI Asia Pacific index although we've seen declines in China it's here 300 down by 1.6% A futures for the 50 features are up by four tens of 1% so positive open expected in Europe but NASDAQ features sub 8 tenths of 1% disappointing earnings from Netflix their share price slumping more than 25% in after hours trading in the U.S. yesterday As for the FX space quite interesting the Japanese yen spot price is actually strengthening two tenths of 1% of that reverses trading over the last couple of weeks with stronger two tenths The Bloomberg dollar spot index is down a quarter of 1% this morning Gold also pulling back half of 1% as we see breakthrough futures up by 1% this morning trading at a $108 the bow That is a Bloomberg radio business flash with the latest details on the market Now let's go over two and go to us today's top stories good morning Leanne Caroline good morning and thank you Russia has launched what foreign minister Sergei Lavrov is hailing as a second phase of the war in Ukraine according to the Ukrainian regional governor fighting as raging across a 300 mile front in the east as a result Russia threatens to encircle an area at the top of the eastern front that holds as much as 40% of Ukrainian troops in the region Now in top corporate news Credit Suisse says it expects to post a four quarter loss due to a $210 million hit to revenues from Russia's invasion of Ukraine and an increase in legal provisions The Zürich based lenders said its results due out next week were to be negatively affected And finally people will be able to watch TV while using self-driving cars under proposed changes to the highway code here in the UK but the update will insist drivers must always be ready to take back control of the vehicle insurance companies would be liable for those claims rather than individuals using the cars The changes are expected to be implemented by a 2025 Global news 24 hours a day on air and on Bloomberg quicktake powered buying more than 2700 journalists and analysts in more than 120 countries and leann gerrans this is Bloomberg Caroline 2025 is pretty soon I mean they've been trying to clamp down in the UK on texting and whilst driving which is immensely dangerous but yes self-driving cars are going to change everything Is that it It is apparently and it's going to happen in three years and I was just having a look at the government's website really all about this Caroline because we do know that the highway code did change recently in favor of pedestrians I don't know if you remember that I came in like maybe three or four months ago And as you say they've really clamped down on using your mobile phone while driving so there's been a big initiative towards that But according to the government's website it says Britain's moving closer to a self-driving revolution But I don't feel like I even see self-driving cars on the roads at the moment So we're going to have this do they know something we don't know about self-driving Maybe I know that there are sort of tests in the U.S. but I've never seen or heard of them being tested but I'm sure someone out there on Twitter will correct me But I don't think that I've seen any tests of self-driving cars on UK roads at least not as far as I know but maybe things will change in three years It's moving fast in the car industry And soon we'll have a chip in our hand to pay for our things in the supermarket I mean you never know what's going to happen next week to you I think the phone's got that Got that down already Thanks so much Leon Gans with our top stories this morning Right let's delve into the markets then which are really pretty fascinating Ten year U.S. real yields are briefly turned positive for the first time since 2020 Trade is continuing to build bets on basically very aggressive series of rate hikes from the fed including the fed's James bullard saying that 75 basis point rate hike could be an option if needed We're joined this morning by Derek Halle who's head of research global markets emea And international securities at MUFG How realistic is that That sort of shock and awe 75 basis points Is that just a short term attempt to reign markets in and then later in the year that the fed's hawkishness will be will fall away Hi Caroline Yeah I think the markets are wary of dismissing it completely because of course only a few months ago people were dismissing the idea of 50 basis points now of course we've got two 50 basis points high to price over the next two reasons So we shouldn't have dismissed it completely but I think at the same time I think it's pretty unlikely that they feel the need to go by 75 basis points But it's out there as a risk obviously of developments changed for some reason and inflation was too much higher It's possible but I think it's very unlucky How do you think that positive real yields drive assets then It's quite an isolated and long-term change in terms of real yields It's not sort of the short term real yields How much of a difference does it make more broadly to markets Yes It's part of an indication of tightening financial market conditions And that obviously has potential challenges going forward At the same time you could also look at it as a gauge in which at least removed the very excessive loose financial market conditions that were in place somewhere now in a situation where a little bit more consistent with the inflation backdrop And that might be reassuring to a degree But definitely given what's priced into the market and stops delivered along with the fact that the dollar is close to highs financial markets the conditions are tightening And that means more challenging conditions and the rest of this year and it means that all likelihood the higher levels of volatility that we're becoming used to is something that is going to persist going forward So I would conclude that it means more challenging financial market conditions and more challenging for assets in general Especially with growth and weakening Sorry Yeah Yeah yeah How do you factor in than the war in Ukraine I mean stocks have not reacted that much One could argue in terms of as you say the tightening landscape that we're getting at least from the fed I mean the opposite is happening in China Stocks have not reacted that much but Europe is very much at risk from the war in Ukraine Yes I think I've been saying it's very difficult to be bullish on the Euro in current circumstances Like we do think the Euro concern and move higher later in the year but I think give them the uncertainties that are there at the moment I think it's very very difficult Where would the crooks in terms of growth and therefore asset price performance is really down to the disruptions to energy Because that is the primary Caucasian channel economically for Europe And of course as each day passes political pressure is building for Europe to do more to stop the effect of.

Leanne Caroline Sergei Lavrov Zürich Ukraine leann gerrans Bloomberg Caroline UK U.S. Leon Gans Asia Pacific fed James bullard
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:17 min | 10 months ago

"mufg" Discussed on Bloomberg Radio New York

"Eastern on Bloomberg radio Family turned to the markets now Nathan the sell off and bonds continues this morning In fact the ten year treasury yield is trading at its highest level since 2018 right now It's a 2.78% and Bloomberg process editor Joanna Austen says analysts expect yields to keep rising 2.83% on the ten year treasury that's about where it peaked out today That's where the yield would breach a long-term trendline that started in the early 1980s But a lot of people do expect it to happen right You have JPMorgan asset management MUFG security seeing a move past 3% And GS FM expects it to test 3.5% So we are seeing most people kind of expecting it to continue Bloomberg showing Alice in your reports a Bloomberg gauge measuring total returns in treasuries has slumped almost 8% this year That's on track for its worst annual decline since at least 1973 Consumer price data do later this morning Karen may push yields up further economists forecast in 8.4% annual gain in marches index We get a preview from Bloomberg's Michael McKee It's a week of economic data focused on inflation with today's consumer price index report Well it's hard to call it a highlight The forecast headline would be a scary one indeed the highest inflation since 1982 when the nation's benchmark interest rate was 15% Energy food and housing costs are putting continued pressure on prices while oil prices have fallen a bit in recent days That won't show up in the march CPI What higher prices may mean is lower consumer spending on things outside of those three categories will get retail sales figures for march on Thursday Michael McKee Bloomberg daybreak Mike thank you as investors brace for the CPI report more predictions of a recession this morning that Peterson institute for international economics says the global economy is set for a setback by the end of the year and recession risks are elevated against the backdrop of Russia's invasion of Ukraine and COVID shutdowns in China The recent surge in treasury yields has taken a toll on tech stocks We get that story from Bloomberg's Charlie pellet The NASDAQ 100 stock index dropped 2.4% adding to losses sustained last week that have erased over $1 trillion in market value from the tech heavy benchmark in the past 5 sessions Microsoft was down 3.9% Its worst decline in more than a month Chipmaker Nvidia sank 5.2% extending losses sustained over the past 5 sessions to 20% The stock has not had a 5 day run this bad since March of 2020 In New York Charlie pallett Bloomberg daybreak All right Charlie thank you One of the tech stocks not involved in the sell off was Twitter speculation still swirling on the impact Elon Musk may have at the social media company and we get the latest live from Bloomberg's renita young Good morning Renee Good morning Karen Now that Elon Musk is no longer accepting a position on Twitter's board he may acquire additional shares of the company Wedbush securities analyst Dan Ives says it's highly likely that Musk takes a more hostile stance toward Twitter and further built his active stake in the company Musk currently owns 9.2% of Twitter and is its largest individual shareholder And since he's not on the board he's not required to keep his stake below 15% Live in New York I'm renita young Bloomberg daybreak Okay we need a thank you Bloomberg daybreak.

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"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:24 min | 10 months ago

"mufg" Discussed on Bloomberg Radio New York

"Catch the program weekdays at 5 p.m. eastern on Bloomberg radio When we turn to the markets now Nathan the selloff and bonds continues this morning In fact the ten year treasury yield is trading at its highest level since 2018 Right now it's at 2.81% Bloomberg cross asset editor Joanna Austin says analysts expect yields to keep rising 2.83% on the ten year treasury that's about where it peaked out today That's where the yield would breach a long-term trendline that started in the early 1980s But a lot of people do expect it to happen right You have JPMorgan asset management MUFG security seeing a move past 3% And GS FM expects it to test 3.5% So we are seeing most people kind of expecting it to continue Bloomberg's Joe went out and reports a Bloomberg gauge measuring total returns and treasuries have slumped almost 8% this year That's on track for its worst annual decline since at least 1973 When consumer price data do later this morning may push shields even higher Karen economists are forecasting an 8.4% annual gain in marches index We get a preview from Bloomberg's Michael McKee It's a week of economic data focused on inflation with today's consumer price index report Well it's hard to call it a highlight The forecast headline would be a scary one indeed the highest inflation since 1982 when the nation's benchmark interest rate was 15% Energy food and housing costs are putting continued pressure on prices while oil prices have fallen a bit in recent days That will show up in the march CPI What higher prices may mean is lower consumer spending on things outside of those three categories will get retail sales figures for march on Thursday Michael McKee Bloomberg daybreak All right Mike thank you as investors brace for the CPI report more predictions of a recession this morning that Peterson institute for international economics says the global economy is set for a step back by the end of the year and recession risks are elevated against the backdrop of Russia's invasion of Ukraine and COVID shutdowns in China The Peterson institute predicts global growth was slow to 3.3% this year and next compared with 5.8% in 2021 Well the recent surge in treasury yields has taken a toll on tech stocks We get that story from Bloomberg's Charlie pellet The NASDAQ 100 stock index dropped 2.4% adding colossus sustained last week that have erased over $1 trillion in market value from the tech heavy benchmark in the past 5 sessions Microsoft was down 3.9% Its worst decline in more than a month chip maker Nvidia sank 5.2% extending losses sustained over the past 5 sessions to 20% the stock has not had a 5 day run this bad since March of 2020 In New York Charlie pallett Bloomberg daybreak Thank you One of the tech stocks not involved in the sell off was Twitter speculation still swirling on the impact Elon Musk may have at the social media company and we get the latest live from Bloomberg's raida young good morning Renee Good morning Karen Now that Elon Musk is no longer accepting a position on Twitter sport he may acquire additional shares of the company Wedbush securities analyst Dan Ives says it's highly likely that Musk takes a more hostile stance toward Twitter and further builds his active stake in the company Musk currently owns 9.2% of Twitter and is its largest individual shareholder And since he's not on the board he's not required to keep his stake below 15% Life in New York I'm renita young Bloomberg daybreak All right we need to thank you It's now 5 O 7 on Wall Street We are at 50° with rain in Central Park and we have an accident under The Bronx band edge of the RFK triborough bridge details coming up in traffic first Michael Barr with more on what's going on in New York and around the world Good morning Michael Good morning Nathan New Jersey regulators approved 7 facilities that already saw medical marijuana to also sell recreational cannabis The specific date wasn't set at the New Jersey cannabis regulatory commission's vote during a remotely L meeting the facilities must still pass a regulatory inspection of their operations and be issued new licenses Retail sales for the general public would start in 13 dispensary's operated by the 7 treatment centers across the state Officials in Philadelphia reinstated the city's indoor mask mandate It takes effect next Monday amid rising COVID infections Philadelphia's health commissioner Cheryl better go I'm announcing that we have reached the threshold for moving out of the all clear COVID response level And into the mask precautions level Simply put that means that we're reintroducing the mask mandate in Philadelphia Commissioner Bengal says the city is averaging a 142 new COVID-19 infections a day The U.S. government ordered all non emergency staff at its Shanghai consulate and their families to leave the Chinese city due to a surge in COVID cases Most of Shanghai's 25 million residents are subject to tight movement restrictions that keep them in their homes making an unable to obtain food or necessities A 23 year old man who falsely accused a black teen of a woman who I should say who falsely accused black teen of stealing her cell phone at a New York City hotel avoids jail after pleading guilty to a hate crime May upon settle then attack the teen at the Arlo Soho hotel in December of 2020 after the hearing defense attorney Paul D'amelio spoke for his client.

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"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:39 min | 10 months ago

"mufg" Discussed on Bloomberg Radio New York

"This is Bloomberg daybreak Europe It increasingly looks like Putin has massively misjudged situation He's misjudged the resistance of the Ukrainian people He underestimated the strength of the coalition Russia is trying to regroup resupply and reinforce its offensive We are clear that after these appalling crimes Russia has no place on the Human Rights Council Bloomberg daybreak Europe on Bloomberg radio Good morning from London I'm Tom Mackenzie you're listening to daybreak Europe live on London DAB digital radio We continue to see across these markets a cross asset and concerted sell off in stocks bonds and oil as markets reassess not just the geopolitical risks but the inflation risks as well a key CPI consumer price data point coming out of the U.S. for the month of March later today will help round out that picture but you saw a continued run up in yields U.S. yields and then you saw that reflected again in Australia and the session today just as the markets continue to repricing of tightening on conditions from the Federal Reserve the central banks leading the charge on this of course as inflation remains a key concern the dollar is stronger the longer swinging streak since 2020 the ten year yield at the highest point since 2018 currently at 2.83 In terms of what would happen across the Asian session the benchmark MSCI Asia Pacific down by 1% continued concerns about what is happening in China Nomura the Japanese bank pointing out that the rise of a risk of recession is foremost amongst their concerns when it comes to China now 373 million people in 45 cities according to that bank now under full or partial lockdown as authorities there tried to clamp down on the spread of COVID The futures for Europe looked to king pretty dire indeed You're pointing to they are pointing to losses of around 1.3% U.S. futures pointing to losses of 6 tenths of a percent after a sell off of more than 1% on the S&P 500 two straight days of losses now on that key benchmark estate side In terms of what's happening across the currency space Euro dollar is at one O 8 Japanese yen weakness there continuing your closing in on a two decade level of weakness for the Japanese currency at one 25 36 currently in terms of your yields U.S. ten year yield as I mentioned two 81 the two year yield that two 52 Germany has continued to be in focus They're not trading yet this morning but keep an eye on that after a run up and yields of about 11 basis points yesterday Brent is a $100 a barrel up one and a half percent WTI at $95 and your crypto is softer today below 40,004 Bitcoin at 39,000 900 That is a check of your markets Two minutes past 6 a.m. here in the UK London time Let's get more on these markets then with our cross asset editor Joanna Austen who joins us from Singapore Good morning Joanna What treasury yields are people watching right now Hey Tom well really 2.83% on the ten year treasury That's about where it peaked out today That's where the yield would breach a long-term trendline that started in the early 1980s But a lot of people do expect it to happen right You have JPMorgan asset management MUFG security seeing a move past 3% And GS FM expects it to test 3.5% So we are seeing most people kind of expecting it to continue And what could catalyze that Well as you mentioned the U.S. CPI is going to be out later today Economists are predicting an 8.4% annual gain and that would be a four decade high 8.4% would be remarkable and something to watch for certainly later today as you say If a fascinating tussle that we've seen over the last few weeks and months between Mike Wilson Morgan Stanley JPMorgan's Marco and now Marco kalana which had been the ball versus Wilson the bear on these markets is starting to change his tune What are we hearing from him Exactly So he's reduced his team's active waiting toward equities He's going from a 14% overweight to 12% So he's still pretty bullish But less so And as you mentioned he's been a pretty steadfast bowl while others have been a little bit more pessimistic So he says after the recent rally socks no longer look oversold And there are these risks around geopolitics and policy tightening He still likes emerging markets though because of the expected policy divergence between the fed and China's PBOC Okay do you want to ask thank you very much indeed for walking through some of the key market themes for us today and for real-time market commentary and analysis do check out markets live That is M L on your Bloomberg terminal Now on to today's top stories here's Bloomberg's Lee and guarantee Tom good morning and thank you and we start with the latest on the war in Ukraine Austrian Chancellor Cole nay hammer says he is rather pessimistic about the prospects for peace He spoke after visiting Russia's president Vladimir Putin in Moscow the first European leader to do so since the start of the war I have no optimistic impression that I can bring you from this conversation with president Putin the offensive is obviously being massively prepared but therefore also the clear commitment that a stable access of the international Red Cross is needed Meanwhile ney hammer also defended his decision to meet with Putin saying he confronted the Russian leader on war crimes and he reportedly told Putin sanctions will stay in place as long as people are dying in Ukraine Elsewhere the mayor of mariupol in Ukraine says more than 10,000 civilians have died in the Russian siege of the city He says the full death toll could surpass twice at number the UK foreign secretary Liz truss says she's working urgently to verify reports of a possible chemical attack Ukrainian forces are claiming a drone deployed a poisonous substance but there were no serious injuries Turning to other news and in the U.S. economists say the U.S. inflation rate probably set a fresh four decade high in March but that could be peaking Bloomberg's Michael McKee has the preview The forecast headline would be a scary one indeed the highest inflation since 1982 When the nation's benchmark interest rate was 15% energy food and housing costs are putting continued pressure on prices while oil prices have fallen a bit in recent days That won't show up in the march CPI What higher prices may mean is lower consumer spending on things outside of those three categories will get retail sales figures for march on Thursday Michael McKee Bloomberg daybreak Europe And here in the UK retailers are warning of clouds on the horizon after recording a sharp slowdown in sales last month as higher prices really cut into consumer spending power Bloomberg's urine pots has that very story Retail sales in March were just 3.1% higher than in the same month last year when the country was still under coronavirus restrictions That's according to data from the British retail consortium and KPMG They also say that the gain reflected higher prices rather than consumers buying more goods food stores saw an outright decline The figure suggests the cost of living crisis is already being felt on the high street with the fastest inflation in 30 years and higher payroll taxes set to impact living standards in a separate survey barclaycard said that 9 out of ten consumers were concerned about the negative impact of rising household bills on their finances in London It's been about daybreak.

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"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:04 min | 1 year ago

"mufg" Discussed on Bloomberg Radio New York

"30 a.m. in Berlin I'm Tom McKenzie And I'm Caroline hepker for welcome to Bloomberg daybreak Europe so European stocks at this morning are lower at the moment Dax having said that just hits the kind of flat line right now property and industrials have been underperforming energy gaining with oil which is currently on WTI crude futures up behalf of 1% Interesting lies from Credit Suisse their share price going up as much as 2% higher since November reports that Credit Suisse may be targeting a sale or merger with an Italian bank This sort of story is emerged this morning but quite interesting to see that there is an impact on Credit Suisse's share price this morning As for markets well the reason that they've been going down of course in Europe and the U.S. has been rising bond yields Germany is at negative two basis points now one and a half basis points U.S. deals at 1.796 and then just for futures S&P 500 even features are in the green upper tenth of 1% Okay let's get an update on what is coming up then about 30 minutes time here on London DAB is Bloomberg surveillance It's the early edition with Matt Miller Kaley lines and Anna Edwards and junius from New York now is the one and only Matt Miller Good morning Matt We are digesting the non farms payrolls data Maybe that's behind you You look ahead to CPI look ahead to years that continue to grind higher when we need 2% What are you focused on Actually Eddie van der vault who's going to join us later on today from the M live team Says that maybe the CPI is really a more important piece of data than the was Although I think we'll still be talking a lot about not only the jobs we added in December but the jobs we added in the entire year It was a record high 6.4 million I believe The monthly miss is one thing The bigger picture is another We're going to talk about that with Derek halpin He joins us from MUFG He's the head of research there for global markets So we'll get his take on what to expect You know was a really interesting quote that you sent around this morning on the message system I think it was Jan hotz from Goldman Sachs saying they don't consider the runoff now as a substitute for a rate hike So they expect even more rate hikes this year I think it was three and now they expect four Derek halpern from MUFG says the consensus has three but we expect two So we're going to talk to him about what that means What that means if he's factored in quantitative tightening if he expects continued continued gain in yields or if this dip was maybe a buying opportunity dip in price rise and yield So there's a lot to talk about today I'm pretty excited after last week to see how this week kicks off Yeah it's fascinating That call from Goldman They got the terminal rate still at what two and a half 2.7% Still pretty low Still pretty low And do you get at what point do you get more of a turnaround We're seeing of course reflected in the frothier parts of the tech sector But if you're getting yields above 1.8 getting towards two does that start to impact broader sections of this equity market as well Yeah it'll be the terminal rate discussion is another one that I think is so fascinating And when you put those two things together the Goldman call I think is a pretty important one to talk about today Great stuff Matt Always got a solid lineup Matt Miller and the team there Bloomberg surveillance the early addition That is up next here on London DAB digital radio and for our U.S. listeners you can catch Matt and Paul Sweeney They'll be hosting Bloomberg markets that's a 10 a.m. Eastern Time Well from yields to geopolitics which may also be a significant threat to investors this year the Biden administration may slap export controls on Russia if it seizes more of Ukraine's also to say that The White House is discussing with allies potential restrictions on sensitive technology and electronics but some major European powers are getting nervous about the economic fallout of sanctions against Putin's Russia for more We're joined by our Europe correspondent Maria today a really good to have you Maria This is really quite a decisive week in terms of security You've got U.S. Russia bila talks but then broader talks too What are we expecting Yeah and indeed you know that's really the data we're looking out for and it's this NATO summit but is due to take place on Wednesday where we see the 30 member states that form need to join in this meeting in the meetup with Russian officials Now today what we know is that so far there has been as you mentioned a bilateral medium that is still ongoing it's been going on now for I believe close to two hours between Russian officials and U.S. officials that could perhaps at the grounds for this NATO summit that I referred to on Wednesday And so far some of the lines that we've got in here is pretty much the same kind of mood music that we've heard for weeks now kind of seeing the United States There's two ways here One in which Russia deescalates and we go for a diplomatic solution If there's no diplomatic solution to the Ukraine tension then we could see immediate and huge massive repercussions on the Russian economy And of course Russia is still playing in this very tough saying we're not going into talks to concede So a lot of this I would say it's lines that we've heard before but also this almost willingness from both sides to play down the prospects for a breakthrough perhaps anticipating and that meaning on Wednesday Yeah Maria the EU clearly wants to be part of any outcome any solution if there is one around Ukraine they made this point again on Sunday but the EU also wearing the potential economic costs the headwinds of any sanctions How does Brussels then reconcile these two forces And Tom the fact that the European Union has to come out and say in a blog post before those bilateral meeting between the United States officials and Russia that we have to be at the negotiating table and we need to have a say in any outcome because this is our security Don't show that it has really lost a lot of momentum that this has become a bilateral negotiation between the two sites and that is bad news for Brussels that does show that in some ways Vladimir Putin already won by sidelining the European side of things And the European institutions and also countries like Germany and Friends The one thing that I would mention is that of course for the EU the political calculus is different to that of the United States Geographically Russia is part of Europe We know that there are economic types but also in particular gas which is a big story in winter This is the time of the year where the European Union and the EU is the most vulnerable to Vladimir Putin playing politics with gas So a lot of this feeds into a wider political calculus that you have to make which attempts is different to that of the United States Maria thank you so much for being with us that is our Europe correspondent merit deo increasing concerns about whether Russia with all of those troops and mass at the border with Ukraine will invade or not the discussions this week Okay for the latest in global.

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"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:55 min | 1 year ago

"mufg" Discussed on Bloomberg Radio New York

"13 years the pop icon is free Los Angeles County superior court judge Brenda penny ended the court ordered arrangement during Friday's hearing Former Trump adviser Steve Bannon is expected to turn himself in Monday after being indicted by a federal grand jury for contempt of Congress Bannon refused to honor a subpoena to testify before the House committee investigating the January 6th attack on the capitol A Travis Scott spokesperson is vowing the rapper had no clue people died at his southeast Texas music festival Just like the police officers who were standing in front of the stage with Travis nearly 30 minutes after it was declared a public safety emergency Travis had no idea what was going on until well later Stephanie rawlings Blake told CBS mornings it took hours for the Houston rapper to find out about last Friday's deaths and injuries at Astra world I'm Brian schuck And I'm Charlie pellet at Bloomberg world headquarters It was an up Friday with the Dow the S&P and NASDAQ all advancing led by technology and communication services as inflationary pressures continued to reverberate through markets George concasse is head of U.S. macro strategy at MUFG securities Americas Good to kind of get around the idea that we're going to have to positive strong growth next year in high inflation But if inflation persists at this level I think other markets are going to start to care because it could fast forward that action And even if it's just two hikes in an area faster taper markets broadly are not ready for that George gone calvis of MUFG as for the earnings outlook Dan Morris is a senior investment strategist at BNP Paribas asset management So the big challenge aside from the discussions that we're having already around rates and what the fed does ECB is you're just not going to have that earnings momentum to really push the markets much higher next year And of course we appreciate the valuations about particularly low Dan Morris of BMP paraba What's ahead for the global economy next year JPMorgan Chase is out with its 2022 long-term capital market assumptions report Gabriella Santos is global market strategist at JPMorgan investment management We see very limited scarring from the pandemic and we're actually optimistic about upside going forward given all of the productivity gains that we've seen during this time period There's also been so much monetary and fiscal support that's likely to continue to provide a boost to overall nominal growth Gabriela Santos of JPMorgan investment management an up Friday the S&P up 33 up 7 tenths the Dow up 179 up 5 tenths NASDAQ up 156 up by 1% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.

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"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:07 min | 1 year ago

"mufg" Discussed on Bloomberg Radio New York

"Conceded in the governor's race today Murphy won by about 3% in what was a much closer race than polls had projected The aquarium where winter the dolphins spent almost all of her life is temporarily closed after her death last night Gordon bird has the details Clearwater marine aquarium president doctor James Powell says employees are grieving in their own way We do have counselors as well Because we do very much feel like we lost a close family member Powell says a team of experts was preparing winter for procedure to relieve her intestinal blockage when winter's vital signs gave out that same team is performing in necropsy to determine how the star of the dolphin tale movies died a public memorial is planned at the aquarium a week from Saturday I'm Gordon Byrd Disney+ says it's giving users a gift to mark its second birthday The streaming service is rolling out logos trailers and release dates for several upcoming projects on what it's calling Disney+ day That includes a cheaper by the dozen remake set to drop next spring followed by hocus pocus two in the fall I'm Brian shook And I'm Charlie pellet at Bloomberg world headquarters It was an up Friday with the Dow the S&P and NASDAQ all advancing led by technology and communication services as inflationary pressures continued to reverberate through markets George concasse is head of U.S. macro strategy at MUFG securities Americas The idea that we're going to have to positive strong growth next year in high inflation But if inflation persists at this level I think other markets are going to start to care because it could fast forward if that action And even if it's just two heights in an area faster taper markets broadly are not ready for that George gone calvis of MUFG as for the earnings outlook Dan Morris is a senior investment strategist at BNP papa asset management So the big challenge aside from the discussions that we're having already around rates and what the fed does the ECB is you're just not going to have that earnings momentum to really push the markets much higher next year And of course we appreciate the valuations about particularly low Dan Morris of BNP parba What's ahead for the global economy next year JPMorgan Chase is out with its 2022 long-term capital market assumptions report Gabriella Santos is global market strategist at JPMorgan investment management We see very limited scarring from the pandemic and we're actually optimistic about upside going forward given all of the productivity gains that we've seen during this time period There's also been so much monetary in fiscal support that's likely to continue to provide a boost to overall nominal growth Gabriela Santos of JPMorgan investment management an up Friday the S&P up 33 up 7 tenths the Dow up 179 up 5 tenths NASDAQ up 156 up by 1% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is.

Clearwater marine aquarium Gordon Byrd Dan Morris Charlie pellet Brian shook James Powell Bloomberg world headquarters George concasse MUFG securities Americas Disney MUFG dolphins Murphy BNP papa asset management Powell Gordon BNP parba Gabriella Santos JPMorgan investment management
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:58 min | 1 year ago

"mufg" Discussed on Bloomberg Radio New York

"Is ending pop star Britney Spears conservatorship effective immediately Spears had been under the conservatorship for 13 years in Los Angeles County superior court judge Brenda penny ended the court ordered arrangement during a hearing Friday spears spoke out against the conservatorship for months and called it abusive Former Trump adviser Steve Bannon is expected to turn himself in Monday after being indicted by a federal grand jury for contempt of Congress Bannon refused to honor a subpoena to testify before the House committee investigating the January 6th attack on the capitol President Biden intends to select an infrastructure coordinator after he signs the big infrastructure Bill on Monday I expect we'll have something soon and you can expect it will be someone from outside of the administration White House press secretary Jen Psaki said that person will oversee implementation of the $1.2 trillion measure Monday's White House bill signing ceremony is expected to be a bipartisan affair I'm Brian shook And I'm Charlie pellet At Bloomberg world headquarters it was an up Friday with the Dow the S&P and NASDAQ all advancing led by technology and communication services as inflationary pressures continued to reverberate through markets George concasse is head of U.S. macro strategy at MUFG securities Americas The idea that we're going to have to positive strong growth next year in high inflation but if inflation persists at this level I think other markets are going to start to care because it could fast forward that action And even if it's just two heights in an area faster taper markets broadly are not ready for that George gone calvis of MUFG as for the earnings outlook Dan Morris is a senior investment strategist at BNP Asset management So the big challenge aside from the discussions that we're having already around rates and what the fed does ECB is you're just not going to have that earnings momentum to really push the markets much higher next year And of course we appreciate the valuations about particularly low Dan Morris of BNP paraba What's ahead for the global economy next year JPMorgan Chase is out with its 2022 long-term capital market assumptions report Gabriella Santos is global market strategist at JPMorgan investment management We see very limited scarring from the pandemic and we're actually optimistic about upside going forward given all of the productivity gains that we've seen during this time period There's also been so much monetary and fiscal support that's likely to continue to provide a boost to overall nominal growth Gabriela Santos of JPMorgan investment management an up Friday the S&P up 33 up 7 tenths the Dow up 179 up 5 tenths NASDAQ up 156 up by 1% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.

Brenda penny Steve Bannon Dan Morris Jen Psaki Charlie pellet Brian shook Los Angeles County superior co Bloomberg world headquarters George concasse MUFG securities Americas White House Bannon Britney Spears House committee MUFG Spears BNP Asset spears Biden
"mufg" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:24 min | 1 year ago

"mufg" Discussed on Bloomberg Radio New York

"6 30 on Wall Street Good morning I'm Nathan Hager And I'm Kerry and Moscow are just about three hours away from the open of U.S. training as he had to up to date on the news You need to know what the shower U.S. futures are rebounding from yesterday's sell off which saw the S&P 500 dropped 1.7% At one point the index was down nearly 3% and Morgan Stanley chief U.S. equity strategist Mike Wilson sees more selling ahead Corrections are always about price and time And so from a price standpoint I think it's ten to 20% Great But time I think you've got to get through the third quarter earnings season Let's see how the revision breath kind of plays through that Let's see how the market digest the fed moving towards tapering by year end Morgan Stanley's Mike Wilson says the fed will be key and today the Central Bank begins day one of its two day policy meeting Officials are expected to hold interest rates near zero while telegraphing the timing on tapering asset purchases U.S. markets are stabilizing this morning There still concern over China's real estate sector There are questions whether China ever grant can make good on $300 billion of liabilities Again more from Bloomberg Stephen ankle and Hong Kong This is a case where if it doesn't create the contagion that Beijing is really worried about it will default It will essentially then go into debt restructuring or ultimately a failure What is happening is the smaller developers that are also have these duller bonds stressed right now They've mentioned China central real estate fantasia rice son and cynic They've all been downgraded to negative by S&P Bloomberg Steven engel says the stress developers shares in Hong Kong dropped as much as 7% before recouping some of those losses Well back here in the U.S. Karen President Biden steps onto the global stage today with an address to the United Nations General Assembly Bloomberg you need a young joins us live from New York with the details Rita Good morning Nathan President Biden's first remarks to the UN come after a U.S. withdrawal from Afghanistan that drew criticism even from supporters Bloomberg news has learned the president will use his address to mark the end of 20 years of war in the country and declare a new era of diplomacy to resolve international conflict The president also plans to make the case for the U.S. and China to cooperate on global threats including climate change His address to the UN is scheduled for ten a.m. Wall Street time Live in New York I'm Renee young Bloomberg daybreak All right we need to thank you on a deal this morning with U.S. Bancorp agreeing to buy MUFG union banks core regional banking franchise.

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MUFG says bank's CEO will not attend Saudi conference

Fox News Sunday

02:59 min | 4 years ago

MUFG says bank's CEO will not attend Saudi conference