30 Burst results for "Rishaad Salamat"

"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:02 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"I'm Rishaad Salamat, and I'm Bryan Curtis. We are ninety minutes out from the start of trading in Tokyo in Sydney, and Seoul, and then three hours before we open up in Hong Kong, and Shanghai and Shenzhen Hong Kong picking up the pieces after massive protests yesterday pressure is mounting on Carrie Lam to resign. She's our chief executive here after nearly two million people turned out on the streets. He's still have a number of streets closed as people are starting to get ready to go to work this. Morning. We'll have a full live report on what's happening here in the streets of Hong Kong coming up shortly while ways bracing for a sharp drop in overseas. Smartphone sales say, China's biggest tech companies crunch the numbers and is expecting a drop in volume of to sixty million smartphones this yet, this is the US ratchets up pressure on the company and it points here to security risks. Commerce secretary Wilbur Ross is downplaying the prospect of a major trade deal with China this month. Ross says he thinks the most that could happen at the G twenty meeting. No sokha. Is that the two sides will agree to actively resume talks? He come into the Wall Street Journal for the Perez. Airshow US China talks broke off back in early may India is hiking tariffs on US goods. The Twenty-eight goods targeted in India's new tariffs almonds, apples and chemical products and are included in the Twenty-eight US categories that will be hit with levees as high as seventy seven zero percent, the trumpeted minute. Station and of this month. It was ending trade concessions on some near six billion dollars of Indian goods shipped to the us. All right. Let's get a check on the markets here quickly. We mentioned earlier that Hang Seng index futures not actively really, really interesting to see how those starts trade, they, they trade at nine fifteen. So that's coming up later this morning, we've got a lot of other inputs to to get to. And here's Doug krizner with them. Brian, we have Chicago Nikkei futures implying a, a move lower. Maybe if one hundred points or so, the yen holding firm, slightly, stronger, but not by much infinite testimony. I guess is one way of describing at one eight fifty four right now the market in New Zealand is trading a bit lower. We have the ends at x fifty down about six points. That's less than one tenth of one percent futures for the market in Australia pushing up by about one tenth of one percent. We mentioned earlier that equity markets in Tokyo Sydney and Seoul will be trading in about an hour. And twenty seven minutes from now. Here in the states, it was a down day Friday that may be one. One factor to consider NASDAQ composite was off about one half of one percent. The eco data that we had here in the US showed a bit of resilience, and it seemed to undermine the case of dovish, turn by the fed bear in mind. We do have a fed meeting this week. It's not likely we're gonna get a cut in rates. Although one key question for the markets will the fed give some kind of clear nod to the possibility of a rate cut in the future US ten year treasury last quoted in New York at a yield of two point zero eight right now. Crude oil in the electron accession pushing higher were at fifty to seventy one the barrel. I'm Doug krizner at Bloomberg. Interactive brokers studio in New York shod. Thank you very much. Let's move man's of these protesters. In Hong Kong still maintaining that presence in some major transportation arteries in the downtown area that it has been used in the Bloomberg nine hundred sixty San Francisco, the IRS that's exactly right. And let's get the, the scene from the streets now as people try to get into center city. And Bloomberg's Yvonne man is out there Evonne. We talked to you. A little more than half an hour, you said things at thinned out a bit. But we're waiting to see how the commute and how transportation already Ridgewood open or close. What's the saying there? Now. Well, not much has really changed at, in fact, we still continue to see a couple hundred of protectors here, camped out some of, which are, are weeping here overnight that the ten point brought out there actually sleeping on the floor, and they said that they're not going to back down here today until Carrie Lam step down. We saw this stunning reversal from chief executive on Saturday, saying that it was time to postpone the extradition Bill in order to restore order, but we still saw this sign of defiant up the two million people that showed up on Sundays protests. That's more than double what into organizers what we saw on the previous Sunday during that turnout. The government puts numbers closer to three hundred thirty eight thousand of a keeper mind, that's what they were estimating here are some of the main protest roads. But what we did see yesterday was this overflow of protesters that ended up being forced. Kind of going on these side streets as well. So it could have been much more than what it seemed. And it was it was definitely a sea of black use of them holding white origami flowers in memory of a protester who fell to death on Saturday while putting up a sign. They were singing hymns. They were singing. Do you hear the people sing for minors? Rob, and then hours later. We got that apology until the chief executive Carrie Lam Dana. She was sorry to the public and promised to criticism and serve the public with the utmost thirty and humility. Now you've been out there with a protest pro democracy protesters. I have been processing audio files and this has gone beyond now. I'm what I'm hearing Carrie Lam extradition, they say, this is the apology has not gone far enough. They're talking directly by Beijing are talking about Taiwan. Are you seeing that as well? Right. We still seeing that the fact that this goes beyond the Bill row. This is an issue of governance, that these protesters are most concerned about. So they're not going to say yes, to just a suspension of this expedition Bill. They're saying to just half-measures at this point, they want a full withdrawal of the Bill and for Caroline to resign along. Are they say have trust for her to be that gatekeeper? I guess was this firewall between the Hong Kong and China as well. So, you know, something look a suspension, perhaps could be seen as they didn't move equivalent to withdraw from Regina at weta ledge members of the weekend say that this is probably the best option right now for Carrie Lam as a face saving move that she is backing down for now because of the get closer to the end of the ledge go session ends in July twenty twenty time is ticking for them to actually do any kind of separating on. This bill. Okay. File question. Yvonne have there been any statements from the government from police more importantly, on what they're going to do about these transportation, arteries that are blocked out now with people camping are they going to move in? Are they going to let them be? Or do we have any idea at this point? Actually interesting that you mentioned that because we were just talking about the lack of police party that we're seeing in this area right now on Harcourt row. Keep in mind it's the same area that the occupy movement where they camped out for more than seventy days. And we haven't seen a whole lot of police presence in that. We've seen some police barricades set up to block. He's roads of interesting to see how this plays on the next couple of hours. But for now it seems like they are still holding the fort's here. So we'll see how it plays out. But we have heard of the Hong Kong government headquarters will be closed temporarily. We have to shop along this area that remain close this morning too. Okay, yvonne. Awesome job as always. Thank you very much. We appreciate it. Bloomberg's Yvonne man on the streets of Hong Kong and Bloomberg up on the Bloomberg terminal, now, activist Joshua Wong. They're saying now will be released on Monday. So we'll keep an eye on this for you. Aren't Brian to you. Yeah. Joshua won't one of the leaders of occupy and he was jailed, the leader of democracy. Stow that party pro democracy parties. Twenty two years old. Alright. It's time.

Hong Kong Carrie Lam US Bloomberg chief executive China Doug krizner Shenzhen Hong Kong Yvonne Seoul Wilbur Ross Brian Tokyo Carrie Lam Dana Rishaad Salamat Wall Street Journal India New York Bryan Curtis
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:53 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"Hong Kong. I'm Bryan Curtis and I'm Rishaad Salamat, things lightly to be setting up for the Asian trading day. We had some fairly decent gains on Wall Street, perhaps that will translate into some rising Stokes in this part of the world has Bloomberg's Christmas with ES. It could be the case rish because we got a stronger dollar and a slightly weaker Japanese yen at one. Oh, nine eighty five Chicago. Nikkei futures right now. Twenty one thousand two sixty that's the act of contract. And it's about two hundred points above where we finished in the cash market yesterday in Tokyo here in the states risk assets continued to rebound following that trade inspired selloff in the Monday session. We have now the SNP capping its biggest three day rally in. Three months in that period of time the s&p picked up about two point three percent now, underpinning, today's solid gains, we had the earnings from Cisco and WalMart, along with some strong housing data at the end of the day. The Dow the s&p each higher by about nine tenths of one percent, the NASDAQ composite jumped one percent now we do have the semiconductor stocks, they were hit given the threat to blacklist wa away from buying essential components. Many of the big names like Qualcomm, Micron Technology now, Bloomberg intelligence was saying the impact here to the chip suppliers could be substantial. Philadelphia. Semiconductor index socks was down one point seven percent. But we did still have some trade tensions in the background, WalMart, for example, warned of tariffs leading to higher consumer prices. Ten year treasury rose to just under two point four zero in the US session, as I mentioned stronger dollar to thirty nine right now in the US tenure treasury, Brian to you, right. Well. Get to in Videon just a moment. Moment ago is up six percent. Now it's up to point eight percent. So that's quite interesting story in the pipeline. But I the Commerce Department saying that the US order blacklisting the Chinese telecom maker alway is said to go into effect tomorrow. We caught up with commerce secretary Wilbur Ross. We asked him if the US would ease up on hallway if there's any progress on the US China trade front, there is a significant danger to national security into our foreign policy of the existing situation. Well, if there becomes a different situation of this Lee, we would be fact based, but. Don't mean to imply that this is intended as the beginning of a negotiation simply trying to your question. So. Yes. That's a no. Or maybe a maybe. So some reaction coming on while we from Europe as well. French prime minister mccone say he doesn't intend to capitulate to US president to keep the company and its five g equipment out of his country..

US Bloomberg WalMart Wilbur Ross Hong Kong Bryan Curtis Commerce Department Stokes Qualcomm Nikkei Europe Chicago Rishaad Salamat Cisco Tokyo prime minister Philadelphia
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:20 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"The company. Bloomberg's down a whole says this could be a problem for the tesla CEO hard to know, whether this SEC is going to go after him super hard, and whether the judge in this case is going to go after him the super hard. But clearly the SEC is annoyed and they feel like he's not living up to his end of the agreement. And that's not a good thing. Musk tweeted earlier this month at tesla made zero cars in two thousand eleven but would make about five hundred thousand twenty nineteen he later retracted the tweet and said he would stick with what they said and earnings which was an estimate of about four hundred thousand well, if you live in if you live in China, and you light beer got some bad news could be bearing the brunt of the U S China trade dispute in this. Due to higher Bali prices. Bloomberg's Rishaad Salamat has more Bali is used to produce malt to make beer and whisky Allen Cheng equity analysts and Morningstar's as prices of high grade Bali will probably rise by twenty percent this year in China. He's pointing to the bruise themselves for the estimate Bali's latest example of a commodity roiled by trade tensions. China's imports in November fell to the smallest in about five years. That's as the country deepened, the probe into supplies from Australia. Even so Chang says produces confident they can pass along the higher prices because it's still relatively cheap in the country. In Hong Kong, I'm Rishaad Salamat. Bloomberg daybreak Asia. Six and a half minutes past the hour time for news as the opposition tries to take control of Brexit in the UK parliament, the prime minister is considering an extension. Ed Baxter has global news from the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Brian. And if you're a betting man, you might say that that's what it's looking like from all sides. Now, Theresa May's looking at extending article fifty the Brexit date of March twenty ninth for two months. She's going to talk to her cabinet Bloomberg's Emma Ross Thomas. Be why she thinks she could delay article cookie. Which is what the devoid idea what she could not cabinet on Tuesday that make a statement to parliament. Now, the opposition labour shadow foreign secretary, Emily thornbirds, says labor scheduling a vote to put forward a plan to take control away from the government and that would be Wednesday. And she says the question holy game to end up with. No, are we going to end up with Theresa May's deal. I don't know. But I think that I would be disaster. And basically, I suspect what will happen is that we will be asking the public. Do you want to ease may deal or do you want to remain EU council? President Donald tusk says an extension is rational. And now labour party's Jeremy Corbyn says he will support a second referendum. So the dances on for. Sure. Security, very tight Hanoi. As preparations are made for Kim Jong on Donald Trump's arrived. Donald Trump's arrival today. Bloomberg's Stephen Engle is in Vietnam. We just getting photos of tanks on. On the streets of Hanoi. Heavy armored police presence as well soldiers. Our presence on the streets around. What is expected to be the main venues of the summit over the next couple of days as the two leaders, Donald Trump and Kim Dolan converge on what they're calling is the city for peace. And Mr. Trump says the goal remains the same nuclearization, and I think he'll have a country that will set a lot of records for speed in terms of economy. Meanwhile, the Trump family businesses told the House Judiciary committee, it should stop investigating the Trump organization based on conflict of interest. This after the committee hired an attorney whose firm has represented the company the Trump company in San Francisco, I'm Ed Baxter. This is Bloomberg. Bryan, sir. Okay. Thanks very much. Just about nine minutes here past the hour. We say good morning to Mark Matthews managing director and head of Asia. Research Bank, Julius Baer and company Mark we've had significant gains in the equity markets risk assets. Overall. Most of the investors coming on the program say they want to lighten up a little bit here. But it seems the market keeps powering ahead. What might change that? Ryan there's about a million things that could change it, obviously. But if I just think about the number one thing that caused the market to do it's u-turn at the end of this year and become the bull market is today. It's central banks policy, and that was the Federal Reserve first and foremost back in early January, signaling that they were watching markets and would take a pause on interest rates and laterally spoke about ended for their quantitative tightening. So if there's anything that could stop it, I think it would be more honcker central banks. But with the way global economy seems to be softening I doubt that's going to happen. We've got Richard Clarita. And Robert Kaplan speaking in in a moderated discussion later today. What what are you expecting to see come out of that in terms of rhetoric if anything? Well, the nice thing about the Federal Reserve is everybody's entitled to their own opinions. So I can't really put words in their mouths all just have to wait. But all I will say is that I don't think it looks good to flip flop on policy, and since they just became more dovish in January. I would be hazardous to believe that there's suddenly going to become more hawkish again. Wouldn't you think that a possible negative is that we don't actually see this weaker economic data that we've been getting turnaround it continues to stay weak? And then investors are just I can't keep bidding up stock prices while that's happening to me the only place in the world where that looks like a dangerous Europe Europe certain countries, like Italy or back in recession. Other ones are flirting with us. And that's the scary thing because they were doing what was it something like sixty billion euros of quantitative easing from twenty fifteen until the end of last year, and they scaled down just before the end of last year. But you know, what I mean as soon as they take that away the thing. Whereas in the US when when they when they stopped the quantitative easing, you know, the economy Howard ahead. So I think the major risk is Europe. And if and if somehow that European what.

Bloomberg Donald Trump China Trump Theresa May Hanoi Rishaad Salamat Ed Baxter SEC Federal Reserve Asia tesla San Francisco President Donald tusk managing director and head Europe Jeremy Corbyn
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:17 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"States. I'm Rishaad Salamat and I'm Bryan Curtis. We're about thirty minutes out from the start of trading in Tokyo, and Seoul, very interesting to see how Tokyo change today was closed yesterday and the day yesterday in Asia was interesting. We started off with a mixed open, and then strongly finished pretty strongly for the day. So we'll be watching that with Ed with rather with Doug krizner in a few moments, and we'll get to that. But first the top stories of the hour. Gardezi watch because of the strength of the dollar. We're on trade watch as well as US in Chinese engages huddle in Beijing this week and also because of comments by Mike Pompeo, the secretary of state saying in Hungary that countries doing business with the Chinese networking giant far away could experience limit in the event ability of US equipment, and then we're on default watch with that Chinese story on the Bloomberg terminal saying Chinese devotes this year could surge to fresh record high. In the meantime, read it says, it has raised three hundred million dollars from investors, and that should be good news many. But as Bloomberg's Denise Pellegrini reports the social sharing company is getting some negative feedback about a big Chinese backer. Reddit users apparently aren't too happy about China's tencent holdings being on the list of investors users have been posting imagery banned by Chinese censors, including video of Tiananmen Square. Protests and pictures comparing. President Xi Jinping to Winnie the Pooh, and several of the posts have become among the sites. Most popular already read. It CEO Steve Huffman says ten cents expertise in video games says part of what you the two companies together Andriessen Horwitz, Fidelity Investments and sequoia capital. Among the other investors, helping value the link sharing website at three billion dollars. Denise pellegrini. Bloomberg daybreak Asia. Gay also keeping tabs on. What is happening with the gold price can just having a look at gold. It is trading just about how flats step about a buck. The one hundred eight dollars. The ounce. We've got some gold related drum in Italy with deputy, primarily interior minister Matteo Salvini, saying the Bank of Italy's gold reserves are the property the Italian people not anyone else. A comm comments. Do fuller reports that Italy's government is considering using the central brings gold avert a planned rise in value added tax, well, a mixed day on Wall Street, we get more here from Bloomberg's Charlie Pellett in this Wall Street wrap the Dow lower s and p and NASDAQ both advanced the threat of a shutdown in Washington in focus as investors await high level U S, China trade talks Peter cheer is head of macro strategy at academy securities. There's a lot of consternation in China. And one of the things that we've been noticing is someone that's happened in the interior. I rather than the port region. So it's not all related again is a good reason for China to come to the table. Give us a little bit more. At least get the trade stuff out of the way. So then they can focus on their internal problems as some up appoint little changed up. One tenth of one percent. The Dow down fifty three points down two tenths NASDAQ up nine up one tenth of one percent in New York. Charlie pellett. Bloomberg daybreak Asia. Well, after a mixed bag would do Asian investors, focus on let's look at the prospects of financial markets in this part of the world is very on Doug krizner, we're going to be looking at currency market developments race, we were talking about dollar strength. Flipside of that story. Is you on weakness? You'll recall that in yesterday's session in Beijing. The PBS's set the Ray daily reference rated the weakest since last July, obviously trade front and center, we've got the talks going on in Beijing between the US and China and now White House adviser Kellyanne Conway telling Fox News, President Trump wants to meet president Xi, very soon. She went on to say this president wants a deal he wants it to be fair to Americans and American workers and American interest. So we'll keep our eyes on futures for the Chinese market. They'll be up and running in about an hour and twenty five minutes from now, let's get to Sydney check in with Bloomberg's Paul Allen. Who's watching the fluctuation of the market down under? What are you seeing Paul thinks impulse? In New Zealand. That's up about a third of one percent. But here in Australia, the six looking kind of flat. There was maybe an expectation that would break a couple of days of declines here. But not much action at the moment of the AUSSIE dollar. Meanwhile weakening as well Sydney spot sixty three and we'll be watching that in about an hour's time. We'll have a home lines data for December expecting a further contraction of two percent. And of course, the house price correction deepening here in Australia. That's very much on the radar of the. All right. Thanks to Bloomberg's Paul Allen. Now, we were talking about dollar strength. Here's some Japanese yen weakness. One ten thirty nine that's helping to support futures on the Nikkei two twenty-five. Chicago contract has this up about one hundred points above where we finished in cash in the last session bear in mind. Japan was on holiday yesterday. So this is their first day back in three and we'll be getting the number on machine orders. This machine tool orders. I'm Doug krizner at Bloomberg interactive brokers studio in New York rich up nine we've got the congressional by constantly working.

Bloomberg China Doug krizner Asia Beijing Denise Pellegrini US Bloomberg interactive brokers Paul Allen President Xi Jinping Italy Charlie Pellett Sydney Tokyo New York Mike Pompeo Rishaad Salamat president
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"You knew the risks when you decided to drive drunk there could be a crash people could get hurt or killed. But that didn't stop you. Did it you knew you could get arrested, you could incur huge legal expenses, and you could possibly even lose your job. You were well aware of the consequences of driving drunk. But one thing's for sure you were wrong when you said, it was no big deal. Drive sober or get pulled over. This message. Brought to you by nitsa. Influential conversations from Bloomberg television. Here's Rishaad Salamat out X. Get says the bottom has yet to be priced didn't typeface yet. I say investment analyst Sebastian how is with an even deeper for for joining is that that's things off with a look at what's going on with the negative trends that we've been seeing semi conductor wise. How contains get we're seeing them on the way out, but just in the last twenty four hours, but how can things get over on how much are they really a bellwether for what's going on technology wise. I think the stock price has career law for the group scenes being the October last year. But I think the fundamental hasn't really reached the bottom because all really is only starting to see the even three correction officially now with audio ca started earlier in for Krulak last year. But the thing is that after we after reading the reported balance sheet and revenue guidance from most of the comedy, so far we see that the imagery level has deteriorated further into four which means that the really very and just starting now. And typically speaking took Elise two quarters for the three to be digested based on the historical patterns. That means the inventory will not be clear out Elise were the soon as it will be in the mid of this year. Hear more interviews like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings..

Bloomberg Elise investment analyst Rishaad Salamat Krulak Sebastian twenty four hours two quarters
Nissan's Ghosn offers to wear electronic ankle tag for bail

Bloomberg Daybreak: Asia

00:40 sec | 2 years ago

Nissan's Ghosn offers to wear electronic ankle tag for bail

"Golden spin in custody since November for alleged financial crimes. Meantime, thicker, L reporting Renault's board may meet Wednesday in France and named to others as their chairman and CEO. There's also some talk Nissan and Renault could cement their alliance by becoming a single holding company. But France's finance minister tells journal du demolish that no rebalancing like that is on the table. Denise pellegrini. Bloomberg daybreak Asia. Yeah. We also have no sense e saying things are not at a stage to discuss capital ties with Rin are get a little bit more. Corporate news Thomas Cook group will build two new hotels in China with us joint venture partner. I on international. Bloomberg's Rishaad Salamat has more. The

Bloomberg Renault France Denise Pellegrini Chairman And Ceo Financial Crimes Thomas Cook Group Finance Minister RIN Venture Partner Nissan Rishaad Salamat Asia DU China
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:54 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"Netflix is performing extremely well. Now, they have the leader in the global marketplace. They have the the number one streaming Brandon by far but competition is coming AT and T also planning new streaming options here in the US. We have Chicago fed Bank. President Charlie Evans, adding to the chorus of fed officials saying the US fed at least has some wiggle room on the pace of rate hikes. I think we're actually well positioned to sort of assess how the data coming in or whether or not our business contacts see things proceeding a little bit differently than the national data, and we can respond appropriately. So I think we can easily be patient at that is Evans speaking earlier on Bloomberg television in an exclusive interview with our Kathleen Hayes, by the way, the fed had been talking about to rate hikes this year now chair Powell and others have said they may have a little room to pause. Ause? Well, we're talking about US China earlier, and he's a bright spot when it comes to their trade relationship foreign investors, increasing their presence in China's commercial real estate market. Bloomberg's Rishaad Salamat has more. These foreign companies are taking advantage of the D leveraging drive that squeezing China's own developers overseas. Investors are driving. A resurgence lost you sold their purchases at a record nine billion dollars nationwide and more than half of all sales in Shanghai Blackstone, and Singapore developer capital Lander among those leading the charge. The upswing comes just as some of China's biggest private conglomerates slightly. Embattled agent group scaling back. In Hong Kong. I'm Rishaad Salamat, Bloomberg daybreak Asia. Well, the tension between China and Canada has reached a new level at Baxter covering the story when he's looking at the rest of global news. I guess we can't say from the Bloomberg nine sixty newsroom in San Francisco. Ed. Yeah, you can say that if you want to I'll try China's foreign ministry spokeswoman. Sean young Doug says Canada's detaining a Chinese citizen for no reason she's referring to while away executive men want Joe in Canada request of the US. She says she can understand candidates worried. But she's hopes that it refrains from other public statements because it could be harmed. Bloomberg's Tom MacKenzie says Canada's ambassador now has fired back the Canadian ambassador to China, Mr. McCollum who said that China's actions and reactions to the arrest of the CFO the white CFO was undermining China's reputation on the global stage. Meanwhile, China's ambassador says Canada should fear repercussions. If it withholds while way for using its five G network UK, Prime Minister, Theresa May's government is in talks with some opposition leaders vowing to Brexit, tears. She will not cave on a second referendum, and that Brexit will take place. Now labour leader, Jeremy Corbyn is not part of these. Meetings last night's of.

China Bloomberg US Canada President Charlie Evans Rishaad Salamat Netflix Powell AT Jeremy Corbyn Brexit Brandon Chicago Kathleen Hayes Hong Kong Theresa May Shanghai Blackstone Lander
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:16 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"I'm Rishaad Salamat. Doug krizner at Bloomberg interactive brokers studio in New York, we got hit here in the US with a one two punch apple cutting its outlook. We talked about that yesterday today in the states a drop in the ISM factory reading the biggest decline we've seen in about a decade. So there we had a sell off in the equity space. The Dow was down two point eight percent s&p dropping two point two percent. We'll have a closer look at markets coming up going to be very interesting today because Japan is back in session after a long holiday futures on the Nikkei trading in Chicago imply a drop of more than five hundred points. Australia is up and running ASX two hundred down about nine tenths of one percent. We'll take a closer look at markets in a moment. Right now, this hour's top business stories does day Doug mentioning worries about slowing apple sales in China. Weighing on US equities in the session, and the chairman of the White House council of economic advisors saying other US companies will run into the same problem. Kevin has it speaking to reporters outside of the White House? You look at US multinationals that it's natural that the other prophets. If to the extent that they're generated in China would be going down. Has it also saying this puts pressure on Beijing to make a trade deal with the United States? There's also the role of tighter monetary policy to consider we spoke earlier with the president of the Dallas fed Bank. Rob- Kaplan, he doesn't think the fed should keep raising interest rates under these conditions. My own view is we should not take any further action on interest rates until these issues are resolved for better for worse. So I would be an advocate of taking no action. Now, it's important to point out. Kaplan is currently a nonvoting member of the Fed's open market committee tomorrow. Incidentally, we're going to hear from fed shared Jay Powell, some potentially disturbing news from the leverage loan business. Lipa says two point three billion dollars went out of leverage living funds in the latest week. That's the fourth largest exodus on record and is the seventh straight week of outflows. The loans have had only two down years this century once during the financial crisis and then. Gain in two thousand fifteen when energy prices collapsed. The medical unit of alphabet verily life sciences has received another cash infusion companies raised about a billion in funding from a group led by private equity firm Silverlake last year. Verily got about eight hundred million dollars from Singapore's to Mosig now this unit. Verily focuses on big life. Science and biology problems like combating Zeka virus by breeding sterile mosquitoes. All right here. We are at thirty-three past the hour wanna to get you caught up on market action. It was as I mentioned earlier big downdraft in the US wasn't just the tech space that got slammed airlines tumbled after delta cut its revenue forecast for the second time in two months, given disappointing ticket pricing. Delta shares were down more than nine percent. But clearly, it was the infotech space that led the weakness. Twenty nine of the thirty chipmakers in the Philadelphia semiconductor index were lower. And by the way, the socks was down. Six percent overall a lot of weakness S and P five hundred dropped two and a half percent. The Dow was down two point eight percent, and in the NASDAQ market the composite index weaker by just about three percent. So with this risk off mood that we had as understandable, as it was the long term interest rates fell tenure last quoted at two fifty six now the yield spread between the two and the ten year is now eighteen basis points talk about a flat yield curve, the Bloomberg dollar. Spot index during New York trading was down one half of one percent. The end is slightly weaker now. But nonetheless, we were trading one oh, seven ninety. So there's been a lot of strengthening in the yen since the Japanese equity market last traded, Chicago. Nikkei futures right now indicate a drop of about five hundred points in the Nikkei cash market will open at the top of the hour. We'll also have Seoul up and running at that point as well. Right now in Sydney, we have the ASX two hundred weaker by eight tenths of one percent. I'm Doug krizner at Bloomberg interactive brokers studio in New York rish. And as of today the United States officially as a democrat controlled house of representatives, Ed bags as global news. And he is in the Bloomberg nine hundred sixty seven Francisco newsroom. Ed. Yeah. Yeah. That's exactly right. The changes dynamic on a number of things Nancy Pelosi. The renewed house speaker focusing focusing on social security on climate on immigration and lower healthcare costs prescription drug prices and protect people with preexisting, medical condition and to try and cooperate. I'm getting a budget with immigration reforms, and that's spirit. Democrats will be offering the Senate Republican appropriations legislation to reopen government later to Dan. Features is over the most diverse house in history. Pray that God bless our work. And crown are good with brotherhood sisterhood from fee to shining sea. So now on immigration Senate majority leader Mitch McConnell says anything must include the wall. So the president will sign it..

US Doug krizner New York Bloomberg interactive brokers fed Bloomberg Chicago Rob- Kaplan China apple president ASX Rishaad Salamat Senate Nikkei Dallas fed Bank White House Jay Powell
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:36 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"I'm Rishaad Salamat. And I'm Doug krizner at Bloomberg interactive brokers studio in New York, we're going to get cash. Markets up and running at the top of the hour in Tokyo and Seoul right now in Sydney, the ASX two hundred is down about three tenths of one percent. US financial markets were closed today to Mark the death of president George H W Bush. I'm looking at the mini contracts for the Dow the s&p five hundred and the NASDAQ one hundred at this hour, they are all lower by more than one half of one percent closer look at markets in moment right now, this hour's top business stories. Yup. DOT finance financial officer of while way has been arrested in Canada, and the US is seeking a wedding Joe extradition that is as you the US investigates, the Chinese company for potential violations of Iran sanctions obey hearing has been set for Friday. The Justice department began probing walkway earlier this year. China's former central Bank governor Joe Xiaochuan says that he is optimism about progress in the US China trade talks, we're hearing Chinese officials have been preparing to restart imports of soybeans and liquefied natural gas. But it's not clear how China's retaliatory tariffs on these US products will be rolled back or when the purchase would begin taking place earlier today. President Trump tweeted he sees strong signals in terms of progress being made on these trade issues. Right. Well, we could line threatening to cancel a twenty two billion dollar order from Boeing the Indonesian carries founder says issues betrayed by the way, burying his implicated lion in a fatal crash that killed all one hundred eighty nine people aboard in October. Recommended line improved safety culture, but some description say new flight control software was activated by erroneous data and repeatedly tilted the plane's nose downward as the pilots battled for control we go to India next where the central Bank there is tracking a less hawkish tone. It's now signaling that it's open to adjusting monetary policy. If upside risk to inflation do not materialize, specifically, the RBI central Bank, governor said there's the possibility of policy actions if inflation continues to undershoot. Well, we have the jobs report will be one of the highlights as investors returned to Wall Street. Tomorrow falling today's break to memorize memorize or memorialize. I should say president, George H W Bush is get more from Bloomberg's John Tucker in this Wall Street preview. Friday brings the US monthly employment report for November seasonal weather in the industry. Factors are set to prop up the employment and wage figures from the Labor Department of Americans returned to work following hurricanes of the prior two months while retail and related industries probably hired for what's expected to be a strong holiday shopping period ahead of the Labor Department reported. We get the private payroll report Thursday from ADP and initial jobless claims from the government for the weekend of December. I will also get a reading of the biggest part of the US economy with the release of the IfM non-manufacturing index. John Tucker, Bloomberg daybreak Asia, New York, Bloomberg daybreak Asia brought to you by sector spider ETF swipe by a single stock when you can invest in the entire sector visit sectorspdrScom or you can give them a call at one eight six six sector ATF were at thirty four past the hour. Treasuries will begin trading for the first time in more than twenty four hours on the other side of the top of the hour in the Tokyo session. Yesterday. We had the yield curve flattening in the US and an inversion in that three to five years spread the ten year treasury last quoted in New York at two ninety one. So that's where the action is going to begin now in the foreign exchange the dollar strengthened against most of its peers, we had the Bloomberg dollar spot index picking up just about two tenths of one percent. The yen slipping four tenths of one percent against the dollar. So here we are one thirteen zero two yen against the dollar and Nikkei futures trading at Chicago twenty one thousand seven fifty five that has us down not quite two hundred points below where we finished in the cash market yesterday in Tokyo right now in Sydney, the ASX two hundred is weaker by about one half of one percent. We're getting surprise action in crude oil slipping below fifty three dollars ahead of this week's crucial OPEC meeting in Vienna right now in electron trading fifty to seventy I'm Doug krizner at Bloomberg. Interactive brokers studio in New York rish. Yup. The buddy of President George Herbert Walker Bush lie in repose in Houston on the next of of the nation's.

US Bloomberg New York George H W Bush Bloomberg interactive brokers Sydney China ASX Doug krizner president John Tucker Rishaad Salamat Joe Xiaochuan Tokyo Justice department President Trump Interactive brokers Boeing
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:39 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"There certainly are very big voice in that space. This IPO just strengthen their cash. She's already phenomenon. Trading of SoftBank Corp is expected to begin on December the nineteenth the world's most pampered. Cows are finding that a key part of their diet is getting harder to source. Thanks to African swine fever. The story from Bloomberg's Rishaad Salamat thousands of pigs of falling sick in China. And that's having an impact on Japan's wagon beef production, not all comes down to Chinese rice. Straw. Ragu is dependent upon China for this important part of the gourmet capitals high-calorie died since African swine fever hit much of that vital feed has been banned from Japan the country's agriculture industry. Phys that eventually knows supplies will be available as the disease spreads for lovers of where the already expensive beef is about to get a whole lot more expensive. In Hong Kong. I'm Rishaad Salamat. Bloomberg daybreak Asia. All right US. Stocks started the week on a sound to say the least for close up look at what's happening in financial markets as Asian trading day gets underway or as well underway. Bryan Curtis in Hong Kong, Paul no, real bright spots here all the markets are trending lower. And some of the losses are up around three plus percent. For instance. The Nikkei is down three point two percent. That's a seven hundred fifteen point selloff is two hundred one point seven percent. The Hang Seng index off one point six percent is pretty balanced the two big oil companies PetroChina and scenic are down three and four percent. Some of the tech stocks are down around one to two percent one of the suppliers for apple AFC technologies down four point three percent and ten cent, which is not a supplier, but has been under a lot of pressure seems to drop about seven eight nine dollars a day is trading down seven dollars or two point six percent at two sixty three eighty and I just checked from the peak that stocks down about forty five percents or ten cent also getting punished today yield on the ten year three point one five percent WTI Cude fifty nine thirteen so selling there as well. The dollar had been stronger, but it's actually down. Now a little about a tenth of one percent. But it gained six tenths of a percent. Chinese currency is a little stronger vis-a-vis the dollar and the fixtures at six Ninety-six change. We're trading in the offshore at six ninety five ninety six thirty five minutes past the hour. Paul to you. Thanks, brian. The vote-counting has finished in Arizona's Senate rights. It's not good news for President Trump at Baxter's.

Hong Kong Bloomberg China Japan Paul SoftBank Corp Rishaad Salamat Ragu President Trump PetroChina Hang Seng Arizona US Bryan Curtis Asia Senate Baxter
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 2 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"Six thirty AM on Tuesday in Hong Kong and Singapore I'm Rishaad Salamat and I'm Bryan Curtis in Los Angeles so we've got about ninety minutes here before the trading gets underway in Tokyo. Sydney and solo will be bringing those opens live. To your three hours before Hong Kong and Shanghai get underway we're starting to see a few, red numbers here, investors may not like some of the the tenor of President Trump's comments about China and Europe. Manipulating their currencies but these are very small numbers and it's still possible that. We may see a positive open we'll get to Doug krizner in a moment. With all the details on markets but for. Now, we'll take a look at the top stories of the hour it's something we've been. Reporting for a while now President Trump proposing to slap tariffs on another two hundred. Billion dollars in Chinese goods but the question is which US companies are likely to be most affected. In bags Ramey incensio has Look one of the biggest losers could be Nike it's already been accused by China's state run TV of false advertising in China counts for a large chunk of its revenue growth China. Is also key for Starbucks expansion and since it. Actually owns most of its stores these could be vulnerable McDonald's also has massive expansion plans for, China but business, there has declined over the past few months other consumer companies sensitive to Chinese demand include Coca. Cola Mattel KFC Michael Kors Burger King and Steve Madden rainy Inocencio Bloomberg daybreak. Asia Business economists are saying that President Trump's tariffs are bad for US growth. A survey by the national association for business. Economics, showed ninety one percent of those surveyed said that tariffs were having unfavorable consequential impacts. On the US economy about two-thirds of those surveyed see negative effects if the US. Withdraws from NAFTA That's going on in the currency markets with the. UN strengthening for Dana row rising to its highest level. Actually, in just every, week the central Bank of China and the People's, Bank raising its daily reference rate on the back of a weakening Dolan limburg's. George lays says there's two things driving the currency up I. Is this expectation that there will be trade talks between China and US were even reports that they were aiming to have, a summit meeting. In.

China President Trump US Hong Kong Bank of China Los Angeles Starbucks Singapore Sydney Europe Doug krizner Dolan limburg Rishaad Salamat Ramey incensio President Michael Kors Burger King Shanghai Bryan Curtis Tokyo Dana row
China, US and Bloomberg discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

00:16 sec | 2 years ago

China, US and Bloomberg discussed on Bloomberg Daybreak: Asia

"Warning on US China trade tension from the sea of mask the. Hit of the Danish shipping company says tariffs. Could slow. US trade growth by up to four percent well shaving off just a fraction. Of that for the rest of the world US and Chinese officials will be holding talks later this

China United States Bloomberg China Resources Holdings China China Resources Jeff Sutherland Paul Allen Hong Kong China Cambodia Tesla Rishaad Salamat Incensio Bloomberg Brian Beijing Ramey Sydney Elon Musk Asia Japan
Malaysia hopes China will sympathize with its fiscal woes

Bloomberg Daybreak: Asia

00:24 sec | 2 years ago

Malaysia hopes China will sympathize with its fiscal woes

"On the eastern seaboard of the United States on, Sunday six thirty AM right here. In Hong Kong and in Singapore I'm Rishaad Salamat right three thirty in the afternoon out here in Los Angeles happy to be here we are about an hour and a half away from the started. Trading in Tokyo Sydney and Seoul three hours to go before we get Hong Kong and Shanghai the big questions this morning why. Is the Chinese currency up so much and why are Chinese.

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Tesla sues Ontario over canceled electric vehicle rebate

Bloomberg Daybreak: Asia

00:24 sec | 2 years ago

Tesla sues Ontario over canceled electric vehicle rebate

"Briefly the, SEC is reportedly asking tesla directors what CEO Elon Musk told them ahead of, his tweet, last week the tweet was about. A potential, deal to take the company private the Wall Street Journal cites unidentified sources saying, the regulator, is investigating whether. Musk, intentionally misled investors Tesla meantime is suing the. Government of Ontario in Canada for cancelling electric vehicle

Bloomberg Ceo Elon Musk Rishaad Salamat China Tesla Turkey Steven Mnuchin Jensen United States FED Brian Wall Street Journal CEO Andrew Brunson PBC Denise Pellegrini Hong Kong Invidia
SEC pressing Tesla directors for details on communications with Musk: Wall Street Journal

Howie Carr

00:24 sec | 2 years ago

SEC pressing Tesla directors for details on communications with Musk: Wall Street Journal

"And. The SEC is reportedly asking tesla directors what CEO Elon Musk actually told them ahead. Of his tweet last week about a potential deal to take, the company private the Wall Street Journal sites and unidentified sources saying the. Regulators investigating whether musk intentionally? Misled Investors tesla meantime is suing the government of Ontario for, cancelling electric, vehicle

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Exclusive: Tesla's board seeking more information on Musk's financing plan - sources

Bloomberg Daybreak: Asia

01:50 min | 3 years ago

Exclusive: Tesla's board seeking more information on Musk's financing plan - sources

"Top story. This morning the tesla shares of about two percent in late trading that's after slipping about five percent in regular session some news reports have said that Tesla's, board of directors is planning to meet with financial. Advisers next week to formalize the. Process to take the company private Lindbergh's Detroit bureau chief David. Welsh, joins us now on the line David this. Story is moving very quickly now it's getting a little bit bizarre in. A sense musk said that funding was secured but it's not so clear. What do we know about that and should we even know about that Not clear at all and it's not even clear how much funding. Would, need to be in place or. Really what he means by that if you were to, buy out every shareholder and take, it private you're talking about. North of eighty billion dollars at? Least in the seventy billion plus range Current shareholders just decided they were gonna exchange their public shares private Shearson stick with you on stick with. Tesla at a private owner it could be far less it would, be whoever didn't want to do that and opted to take some kind of buy out Said that can be, as little as, twenty billion dollars still a big chunk of change but smaller than buying. Out the entire company so. We don't even know what the plan is we don't know who would go along and so forth Among the five or. So biggest shareholders have we had any indication that. One of them is interested in upping their stake significantly From them So much that they would Prefer to snap really think One dollars a share so selling it for, twenty years Private equity in west penalty About that

Bloomberg David United States Tesla Hong Kong Asia Musk Rishaad Salamat Los Angeles Bureau Chief Doug Bryan Curtis David Samson David Wells Treasury Late Trading Shearson Detroit
Elon Musk apologizes for brushing off analysts on past earnings call

Bloomberg Daybreak: Asia

03:05 min | 3 years ago

Elon Musk apologizes for brushing off analysts on past earnings call

"The United States at six thirty AM. In Hong Kong and Singapore I'm Rishaad Salamat and I'm Doug krizner at Bloomberg. World headquarters in New York we had a mixed day for the. Equity market in the, states the NASDAQ was up but the industrial average was down apple by the way finished at a record high right. Now in futures market activity we're seeing the Chicago Nikkei contract lower by about thirty five points relative to where we closed in the cash market yesterday and Tokyo will look at markets more closely, in a moment right now. This. Hour's top business stories Yep the Trump administration has confirmed its debating whether to increase tariffs on two hundred billion, dollars worth of Chinese goods raising the pressure on Beijing. To change its trade practices Beijing has responded to the news cautioning the United States against black Malian pressuring and varying to. Strike back at every esscalation the DJ's could be imposed. As early as next month let's stay with the issue of trade because the US and Mexico are said to You have found common ground over auto manufacturing this has. Been a major sticking point in NAFTA negotiations Bloomberg Sarah McGregor tells us the. Big question is what about Canada it seems like the US and. Mexico are sort of, in the boardroom right now at the negotiating table and Canada's in the waiting room and can they even make a. Deal over cars without involving Canada Mexico is the biggest source of car imports to the US Canada's right behind it at number two so how this practically would happen it's not clear right now, but it would be significant. If. There's some progress interestingly it was a day of disappointing auto sales for the month of July and we also, learned after the bell that Ford is shopping its money. Losing South American unit two rivals rish let's take a look at what's been going on with with Germany because it is. Joining the United States and Canada and taking a tougher. Line on China chose Angela Merkel's government to the first I'm vetoed eight Chinese takeover A German company in the grounds of national security the cabinet blocking the potential purchase of machine to make life field metal spinning life is. One of the world's leading producers of high strength metals for space? And nuclear industries after the bell tesla CEO Elon Musk apologized for being impolite on the company's first. Quarter earnings call he blamed insufficient. Sleep he made the gesture, during the conference call for second quarter results earnings. For, the last quarter missed estimates but the top line was above forecast revenue, beat tend Mr. musk went on to insist his company will, not need, to raise additional capital, this year now. Bloomberg has also learned that tesla will use mostly local debt to fund a new factory in Shanghai its first outside of the US right now Rishon looking at tesla shares up about nine percent. In the late US session Yeah see we went show where they're going to. Get that money from to build that factor anyway some things have been clarified, that certainly China's central Bank is set to started actively encouraging banks extend more credits and Bloomberg's Yvonne man has.

United States Bloomberg Canada Elon Musk Bloomberg Sarah Mcgregor Mexico Tesla Beijing New York Hong Kong Canada Mexico Nafta China Singapore Chicago Angela Merkel Apple Tokyo Rishaad Salamat
New Bills On Cryptocurrency Regulation Expected From South Korea

Bloomberg Daybreak: Asia

05:24 min | 3 years ago

New Bills On Cryptocurrency Regulation Expected From South Korea

"AM in Hong. Kong and Singapore I'm Rishaad Salamat and I'm Doug. Krizner at Bloomberg world headquarters in. New York so. In about an hour and a half from, now we'll get cash markets up and running in Tokyo. Sydney and Seoul the yen strength in just a bit during the New York session but the Chicago Nikkei futures contract is essentially flat we've got dollar yen right now one. Ten ninety two was an update. For the, equity market particularly in the last twenty. Minutes or so of trading. When we got word that President Trump, and e c president Jean-Claude Yonker had. Agreed to a framework of concessions to. Avoid a trade war. Will. Unpack that story coming up and. Then there's, the Facebook story rish boy. The company missed on three major metrics the stock is getting hammered and as a, result of that NASDAQ one hundred e. mini. Futures are down one percent Yup it didn't look at those Facebook, says as you said getting absolutely slammed down about twenty plus percent. In late trading and we've got this is recent. Scandals of the how it uses. Customer data hurting. His business coudl revenue quarterly revenue and ease, with both I see also manage to miss the thinking. Out that we were also seeing weakness in Ford shares down about four percent in late New York trading the automaker warning a restructuring cost could come in at around eleven. Billion this will take between three. To five, years to complete Ford also cut its. Annual profit forecast just like. Rivals GM and Fiat Chrysler Ford highlighting, its business in China has been faltering. A bit We've got pink slips at Mattel the toy makers getting some two thousand jobs. As twenty two percent of its corporate workforce revenue footing back for a. Fourth straight quarter and shares in visa under a bit of pressure in late US trading that's even as card spending surged for the company visa did say that incentive cost will surge going forward Oh this makes a MD adverts Micro Devices a standard says up by more than five percents in late trading right now with its best quarterly providence seven years we go to South Korea next where the. Country's financial regulator is intensifying its push for the. Country's first crypto currency build story from Bloomberg's Ramy Inocencio Hog key of South Korea's. Financial services commission warns local exchanges are, rife with security flaws in, money laundering risks allow maker from South Korea's ruling party proposed Bill in March to increase oversight of the venues but it has yet to be approved by the national assembly South Korea's crypto currency exchanges are among the biggest worldwide, by reported turnover two of them were hacked last. Month triggering losses in virtual currencies such as bitcoin and ether Ramy Inocencio Bloomberg. Daybreak Asia Asia's richest woman is apparently run into a string of bad luck moon after Bloomberg's Yvonne man pollyanna to you'd wa has lost seventy four percent of. Her, fortune her Kingston financial group operates Macau. Casinos and margin lending businesses businesses getting squeezed this year by regulators sour loans hurting her company as well, in the, Bloomberg billionaires index has are dropping off the ranking of the world's five hundred richest people after starting the year at, number one hundred and ninety three Three with eight point four billion. Dollars she's currently said to be worth about two point two billion in Hong Kong I'm Yvonne man Bloomberg. Daybreak Asia in the US it was an update for equities the story, from Bloomberg's Charlie Pellett NASDAQ is. At a record while the s. and p. five hundred index, pushed higher for a third straight day stocks rallied on a US European. Trade agreement as for the global outlook, Kathleen Gaffney is director of, diversified fixed income at Eaton Vance management very bullish on merging markets but selectively there's a lot of tension going on in China right now they're taking a very long term view and they're taking advantage of these trade headlines to, make solid relationships with South Africa Brazil all of. Those resources that they need for the long term the s. and p. five. Hundred index up twenty five up nine tenths of one percent the Dow rallied one hundred seventy two points up seven tenths of one percent NASDAQ up ninety one Up one point two percent in New York Charlie Pellett Bloomberg daybreak Asia. And we're. Getting this hothead. Now, over the Bloomberg terminal, nine entertainment will. Acquire Fairfax media in all cash deal will get. You the details on that. Coming up, thirty. Five past the hour let's get. To Sydney now Paul Allen is. There with a look at action in New Zealand in early trading and a preview of what to expect in Sydney good morning Paul yeah morning Doug New Zealand looking kind of flat but it has been much to. This week at the end of may pick up later as it, has done later on the, day on. For the rest of this week is six futures. May modestly. Higher by about point one of a percent and you mentioned ninety detainment they would have been a fair bit of news corporately, this morning keep on MacQuarie group as well at the nNcholas. More announcing his retirement Chamamah Chamara vicar ammoniac will take over on November thirtieth she's been. Mcquarry full thirty years currently hit of MacQuarie group asset management duck all right thanks to Bloomberg's Paul Allen US ten year, treasury last quoted in New York at a yield of two point nine seven percent Yup what we got the second.

Bloomberg New York Yvonne Man Bloomberg Bloomberg World South Korea Late Trading Inocencio Bloomberg United States Facebook Sydney Charlie Pellett Bloomberg Asia Ford Macquarie China Paul Allen Hong Singapore Tokyo
China says it won't devalue currency to bolster exports

The Income Strategies Show

04:32 min | 3 years ago

China says it won't devalue currency to bolster exports

"Morning I'm Doug krizner at Bloomberg world. Headquarters in New York and I'm Rishaad, Salamat in Hong, Kong likely to be shaping up for the Asian trading day of course Doug we all starting off with a, brand new week very much focused on the foreign exchange ratio. Because the President Trump has you know said recent weakness of the Chinese Yuan combined with the recent gains. That we have, seen in the dollar really risk. Putting the US at a disadvantage we had the, dollar. Retreating against the majors in the Friday session during a New York trading with the Bloomberg dollar spot index dropping. About eight. Tenths of one percent we closed right at. That fifty day moving average meantime the Japanese yen jumped nine tenths of. One percent we also had the. President saying he's not. Thrilled that. The, fed is. Raising interest rates and potentially slowing the economy let's not forget the. Trade issue too because at the end of last week President Trump declared he was ready to. Impose tariffs on all five Five hundred billion dollars worth of, Chinese imports US ten year treasury last quoted in the New York session Friday at around two. Point eight, nine, percent on Sunday Iran's president warned President Trump not, to threaten Iranian oil exports now the president has vowed to shut Iran, out of, world markets by demanding that other countries stop buying Iranian crude by the end of November however Hassan Rouani was saying do not play with the lion's. Tail it will bring regret WTI in the New York session Friday finished at sixty eight twenty six we're trading off about. One tenth of one percent right now against. That and because of the big move. In the end, we're seeing a little bit of weakness right now. In Nikkei futures rish Yup we, also go there's winning from the g twenty the world's top finance chief saying trade. Tensions threatening a global economic growth the. G. twenty statement says the main risks, rising financial valid, vulnerabilities heightened trade and geopolitical tensions global imbalances inequality And structurally weak growth factory Espy is in one is that he's covering the gathering dominated, the conversation here And there, is concerned that that some of the emerging markets such as Argentina could be impacted by the market volatility trade complex could create The statement also said emerging. Markets also face the threat of capital outflows the g. twenty by the way removed its. Usual pledge to stay away from competitive currency devaluations we got the. Dollar, trading against the Chinese Yuan right, now at six seventy eight thirteen we're watching. This, very carefully after the president accused Beijing on Fridays well as the European Union of gaming their currencies in a way, to boost exports now these remarks come after the president lashed. Out at the fed and threatened to ramp. Up the trade fight with, China even more peo- Matisse. Is EM FX strategist at Robbo Bank he says the could keep. Weakening from here whenever a central Bank launches Kiwi, currency tends to weekend so we expect the you want to remain on the back foot so we may see some stubby around six eighty but we might find bullish on now that sentiment is echoed by others including Frederic Neumann of HSBC. Newman also saying the BBC appears to have more stomach for volatility than it used to All right Ratio are? You there Does China is what really where I wanted to talk about it because it appears to be collecting more fans as it moves. Toward its Hong Kong IPO wearing hill has got Alibaba agreed to join. A group of cornerstone investors allows the Dow ten firms agreed to, by about one point four billion dollars in stock hill houses putting in about four hundred, million dollars and Todd but one hundred million sanitize expected to start. Taking investor orders today the IPO could raise around about eight billion dollars making it one of the biggest. IP as, in years right now I have Pfizer putting indications are shares will price in Hongkong dollars between one dollars twenty six, hundred. Dollar, fifty eight Doug well we have the former head of Fiat Chrysler in the intensive care unit because, of deteriorating health news agency, onset saying that Sergio Mark Joanie. Is in irreversible condition the automaker yesterday naming be fifty four year old Brit Mike Manley, to replace him. Bloomberg's Denise Pellegrini Tells us the choice shows that, Fiat Chrysler thinks the future is all about Jeep Manley's been head. Of Fiat Chrysler automobiles Jeep brand since two.

President Trump Donald Trump New York Bloomberg Doug Krizner United States Hong FED China Fiat Chrysler Fiat Iran Mike Manley Chinese Yuan Pfizer Sergio Mark Joanie European Union Of Gaming WTI
China Tower wins approval for Hong Kong IPO of up to $10 billion: sources

Bloomberg Best

02:36 min | 3 years ago

China Tower wins approval for Hong Kong IPO of up to $10 billion: sources

"In any other news organizations 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 i'm ed baxter on this edition of bloomberg best for thursday june twenty eight we'll have an hour long interview with moody bala investments ceo calhoun almubarak about his plans to diversify the us economy as the world prepares to shift away from oil we have a a wealth of resources particularly in the oil and gas field that's been the foundation of the economic development the oil and the gas and i'm going to be here for the next thousand years is finite and we have to prepare ourselves future all this and more coming up in the next hour of bloomberg best but i i'm brian curtis here in hong kong let's get you caught up on this hour's top business stories and the markets asian stocks are edging higher on the final day of what has been the worst quarter in nearly three years investors have been caught in the line of fire between the united states and china on trade chinese premier li could chung says that china will cut taxes and fees further and will stimulate market vitality and at the moment we're seeing the shanghai composite flat the hang seng index is trading up about two tenths of one percent and some of the other markets are showing gains like the tax in taiwan with gains four tenths of one percent sources say that billionaire george soros is seeking to buy stock in shell hong kong ipo source says that soros backed fund placed in early order xiaomi is aiming to raise as much as six point one billion dollars china is likely to defend the euan if it hits six point seven to the us dollar that's what the analysts are saying in a bloomberg survey and we take a look closer now with bloomberg's rishaad salamat six point seven that's the pain point according to the survey beyond that further weakening would sam the country's already beaten down financial markets most of the eighteen trade is now let's said policymakers would act at that level you on has slumped three point four percent of the past two weeks that makes it the worst performance in emerging markets after the south korean won now china has a history of moving aggressively when it act and that level of six point seven is only about one percent from here darb says it's canceling its new share sale on market instability and the stock promptly gained seventeen percent around the rest of the region let's take a look the euro trading at a dollar fifteen sixty eight the.

George Soros Chung Hong Kong CEO Moody Grosso Darb Bloomberg Taiwan Shanghai China United States Brian Curtis Bala Investments Ed Baxter One Percent One Billion Dollars
Hong Kong shares sink to fresh six-month low - Nikkei Asian Review

Bloomberg Daybreak: Asia

02:28 min | 3 years ago

Hong Kong shares sink to fresh six-month low - Nikkei Asian Review

"And microbusinesses they cut applies to major state run commercial banks jointstock commercial lenders postal bank's city commercial banks and rural and foreign banks as well in hong kong i'm yvonne man bloomberg daybreak asia and the issue this been calling the tune in many asian markets of late trade issues could get a little bit more intensely in scrutiny this week the treasury department set to announce limits on chinese investment june twentyninth bloomberg's roz krasny in washington says things are fluid here but she's getting some word on how it might all unfold the us may declare what they calling an economic emergency to basically clamp down on beijing's very each fold looking investments in areas like aerospace robotics and new energy vehicles this use of the international emergency economic powers act of nineteen seventy seven would be part of the trump administration's response to china's alleged theft of us intellectual property and remember that on july sixth the us is said to impose tariffs tariffs on some thirty four billion dollars of chinese goods and both sides the threatening more tariffs in tit for tat action there david now one thing though at least that's down theme here the us corporate apparently do not have to worry about is having their china operations targeted by beijing we're getting reports from the south china morning post this morning saying that the chinese government has actually no plants single out us companies for retaliation as these trade tensions escalate and it says president xi jinping met with top executives at goldman sachs ups and pfizer last week to reassure them that he was companies are still welcome to do business in the country well the past two weeks have been ugly for asian stock markets but the sell might have gone too far bloomberg's rishaad salamat has more i know it's risky to say so but that's what i meant indicator is hinting equity gauges in china malaysia thailand singapore and the philippines have entered oversold territory relative strength index has fallen below thirteen that's usually a signal that losses have gone too far the shanghai composite just completed a fifth weekly plunged with the spectrum of obamacare looming last time are sl levels were here we saw a four and a half percent jump in two weeks so if the past is prologue abounds is coming in hong kong i'm rishaad salamat bloomberg daybreak asia now.

Chinese Government Goldman Sachs Ups President Trump David Beijing Yvonne Philippines China Malaysia Thailand Singap Bloomberg Pfizer Theft China United States Washington Roz Krasny Treasury Department Asia
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 3 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"We'll head bloomberg's rishaad salamat has more from hong kong comes less than two months after dime gave an upbeat forecast the company now says fewer chinese consumers will by mercedes suv's because of tariffs beijing will slap on imported us authors the german luxury carmaker said endings before interest in texas will be slightly lower than last year the pullback makes diamond of the first major comedy factor to cut its earnings outlook because of the global trade war in go i'm rishaad salamat bloomberg daybreak asia and some us companies are feeling the pinch as well as trade tension rises has bloomberg's denise pellegrini reports chinese investment in the united states is collapsing research firm rhodium group says chinese corporate acquisitions and greenfield investment plunged more than ninety percent in the first half of this year to just one point eight billion dollars from the same period a year ago that's the lowest level in seven years and comes as you've been talking about as president trump ramps up trade disputes at beijing china's domestic campaign to de leverage and stop massive capital outflows also contributing meantime chinese investors sold nearly ten billion dollars us assets and the first five months of this year making the net investment flow from china to the us negative denise pellegrini bloomberg daybreak asia in the meantime there's some progress songs e t president trump make with gop lawmakers on a compromise would lift the chinese telecom giant stay in business but bloomberg's ginny leonard says there's no deal between the president and lawmakers just yet president trump of course once his deal to to be kept in tax for the company to remain in business as president xi jinping asked him to do trump's struck an agreement for aid to pay a fine and change management for doing business with iran north korea some lawmakers those still have national security concerns we're being told that disney is close to winning us antitrust approval of its purchase of.

president iran trump xi jinping gop beijing china greenfield beijing disney north korea bloomberg ginny leonard denise pellegrini china rhodium group united states asia texas mercedes suv hong kong
Senate, White House gear up for battle over China trade

Bloomberg Daybreak: Asia

01:56 min | 3 years ago

Senate, White House gear up for battle over China trade

"On disney to come up with a higher offer denise pellegrini bloomberg daybreak asia we go to trade next and president trump talking tough on china he's promising to confront china over trade in the coming weeks bloomberg's andromeda tells us beijing should be watching the president's comments very closely it quite possibly he's talking to its domestic base i mean certainly that's a consideration but i do think that china has something to worry about i think that the president has a preference or tears and i think at this point it's gonna take a lot to knock him off of this path now the white house has said it will proceed with plans to impose duties on at least fifty billion dollars in chinese goods we may have an indication of that as soon as friday for its part china has said it will stop negotiating with the us trade if washington goes ahead with this well china banned fireworks across more than four hundred cities to reduce pollution as a result in new entertainment scheme has popped up to fill the skies drained swamps bloomberg's rishaad salamat has more these are actually shows featuring more than a thousand drones woman three d animated figures other images of being booked for celebrations across the country among those cashing in as a company called e hang it recently set a record for the number of airborne craft in a single display performance in japan had thirteen hundred runs in flight beating intel's twelve hundred of the winter olympics but the question looms how long before the regulators step in in hong kong i'm rishaad salamat bloomberg daybreak asia all right we're at seven minutes past the hour time for an update on global news sarah sanders has responded to reports of her leaving the white house ed baxter covering global news for us from the bloomberg nine sixty newsroom in san francisco this is very interesting this yeah this is juliet actually put up on our instant message this'll be a good netflix series and i think she's absolutely right i mean there are a lot of ways that this.

Hong Kong Netflix Ed Baxter Washington United States Beijing Juliet San Francisco Sarah Sanders Asia Disney Olympics Intel Japan White House President Trump Bloomberg China Denise Pellegrini Fifty Billion Dollars
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 3 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"A fully developed western install banking system as well as the bic is octopus card that's a reloadable smart the is being watched across borders candies to take over the world you know i'm rishaad salamat bloomberg daybreak asia but it was a trade on wall street as investors focused on those geopolitical developments for closer look at the action here in asia let's get to bloomberg's doug krizner doubt indeed so we had the geopolitical concerns with the us north korea summit kind of operating in thin air and we had crude oil plunging that was after russia's energy minister kind of reiterated that opec and its partners will be discussing a phase out of those supply curbs when they meet next month wti in the new york session was down one point seven percent right now in the electron accession were holding steady trading seventy sixty nine in wti sitting a pullback in the end here at one zero nine fifty to the dollar is essentially flat also seeing a much weaker career one right now and the korean equity market this is the kospi down nearly six tenths of one percents nikkei two twentyfive weaker by about one tenth of one percents and in sydney the asx two hundred he is off about three tenths of one percent you guys were talking earlier about the samsung electronics story the company having to pay say apple five hundred thirty nine million right now in seoul samsung shares trading up just about two tenths of one percent and we had some eco data for tokyo this is overall cpi rising and may by four tenths of one percent that's year over year reading chlorine flation meantime in tokyo up one half of one percent this month that's also year over year juliette all right thank you john north korea is responding to the us cancellation of june twelfth summit saying was unexpected ed baxter is coming all the global news in our bloomberg nine sixty san francisco newsroom ed yeah quite a day us into day asia let's go from beginning of the us the.

tokyo san francisco ed baxter samsung seoul apple samsung electronics new york korea north korea juliette sydney opec russia us doug krizner bloomberg asia
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 3 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"The investors who stand bam the feeling is mutual influential conversations from bloomberg television here's rishaad salamat gonna get to all these young son guan number managing director and senior economist for asia including japan as an economist how'd you look at what is happening down the korean peninsula and what is happening with all these players beijing washington dc this is this upcoming summit and more fossil i think the theo between the us and north korea about denuclearization is as complicated as the trade deal between china and the us there's a lot of dimensions interest a stake in there so i do not believe it's just go that easily there should be some back and forth but basically i think that this is very very important for the south korean economy given that the north korea risk has been there for a long time the one of the reason for the korea discount the most like in some senses the discount because it applies to the one as well which makes their goods more competitive abroad but is that premium or discount usa disappearing komo news twenty four hours a day at bloomberg dot com the bloomberg business app tick tock on twitter this is a bloomberg business.

managing director asia japan us north korea china twitter bloomberg guan senior economist korea komo twenty four hours
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 3 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"Has said sacrificing margins is necessary to anchor future growth but unless a concerned it's not yet able to make enough money for mobile games to offset a decline in the desktop unit and therefore gaza ten cent maybe facing its worst margins ever in hong kong i'm rishaad salamat bloomberg daybreak asia we'll just hours before they were to take place north korea has cancelled today's meeting with the south fed baxter is covering all the global news in our bloomberg nine sixty san francisco newsroom ed yeah you're right you're there was lastminute says a max thunder drills are the us a rehearsal for an invasion of north korea meanwhile this could threaten the us summit state department spokeswoman heather nauert says although the us is continuing its plans to go ahead of not hurting anything from that government or the government of south korea to indicate that we would not continue conducting these exercises or that we would not continue planning for meeting between president trump and kim jong un next month now she says cam has said all along that he appreciates the importance of the drills for both south korea and the us meanwhile south korea's military says the north is moving ahead with its plans to close a nuclear test site next week us satellite images show the north is already dismantling facilities at the site u s ambassador to the united nations nikki haley is blaming hamas militants backed by iran for the violence of the palestine israeli gaza crossing this at an emergency un security council meeting on that violence air is far too little discussion and the security council on iran's stabilizing presence in syria it's promotion of violence in yemen it's support for terrorism in gaza and it's dangerous and legal weapons buildup in lebanon the.

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"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 3 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"Trust the financial sector was already reeling from revelations of widespread misconduct including lying to regulators falsifying documents and taking bribes yesterday to hate of ian's it banks the two decade golden period for banks is over in sydney i'm paul ellen bloomberg daybreak asia and speaking of banks competition is intensifying for deposits at banks in hong kong and that is pushing interest rates higher we get the story from bloomberg's rishaad salamat a surge in short term borrowing costs driving banks to look for new avenues of funding lenders from standard chanda to china's icbc have been raising time deposit rates to more than two percent china citibank lamp as as much as three percents to save who transfer funds into three month hong kong dollar deposits into bank liquidity is tightening is fed signals more rate hikes and big ipo like ping on good doctor also tying up funds the threemonth interbank rate res for twelve straight day on monday to the highest level since december two thousand and eight in hong kong and rashad salaam at bloomberg daybreak asia well of course a lot of focus on the apple supplies here in asia let's get all the latest asian trading action we've bryan curtis in hong kong bryan before i get to that let me just mentioned what i saw here in the hong kong economic times that the ping on healthcare and technology firm which is known as ping on good doctrine i mentioned this because risk just had it in his report was six hundred fifty three times subscribed so that's downing accompanied by the way will announce the results of the allocations.

ian sydney asia hong kong bloomberg chanda china apple bryan curtis paul ellen bloomberg rashad salaam three month two percent threemonth two decade
Xiaomi's $10 Billion IPO Risks a Cash Crunch in Hong Kong

00:46 sec | 3 years ago

Xiaomi's $10 Billion IPO Risks a Cash Crunch in Hong Kong

"Crunch you join these upstart cheremis said to be preparing a listing to raise ten billion us dollars during the last big ipo interbank rate surge the most since two thousand eight in that way it could be a double edged sword for hong kong become international says in addition to driving up high all the listing could fuel downward pressure on the stock market soaks have already suffered over concerns about the us china trade dispute and the recent volatility in tech shares but there might be one upside the high rates would bolster the hong kong dollar in hong kong i'm rishaad salamat all right the time is now five minutes past the hour north korea's kim jong un wants the eyes of the world to witness the shutdown of his main nuclear unit let's get over that baxter with the details ed.

Cheremis Hong Kong United States North Korea Kim Jong Un Baxter China Five Minutes
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 3 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"Daybreak asia thirty am here in singapore i'm juliet sally and i'm doug krizner at bloomberg world headquarters in new york so we've got the equity market in hong kong up and running on a day when hong kong dollar is weakened right to the weekend of that trading band at seven point eight five against the us dollar the hang sang is up about one half of one percent bryan curtis will be buying a moment for the latest on market action right now juliette and i wanna to get your called up on this hour's top business stories we'll title foreign direct investment between the us and china fell twenty eight percent last year compared to the earlier it's mainly because of a drop in chinese investment in the united states and you report says that total was twenty nine billion dollars down from forty six billion the year the form of the pasta beijing tasha into controls on overseas investment at the same time us national security officials clamped down on chinese acquisitions of american companies and china is saying it's going to overhaul its bloated state run enter prices at china is pushing for mergers in sectors that are plagued by socalled zombie firms along with those running the risk of bankruptcy even default shelia ching is the chairman of the state owned assets supervision and administration commission he says some of these sos are fragmented and inefficient we will further push for mergers and sectors including power coal and machinery there's too much duplication at the moment some companies only have a very small market share all of the mergers shall take place on a voluntary basis we support companies to come together at their own free will guided by the market that is show speaking at the boao forum in hainan he went on to say the government wants to support companies that are so called forwardlooking well we work is said to be buying chinese startup naked hub naked hob is a unit of the shanghaibased luxury resort company naked retreats we are being told that we work will pay about four hundred million dollars for the three year old business we work has been pushing hard into asia last year the company raised more than four billion dollars from softbank china aluminum producer's may be poised to ramp up exports to address a big drop in russian output rishaad salamat has the story the.

china softbank china shanghaibased bloomberg world juliet sally producer hainan chairman shelia ching asia juliette bryan curtis us hong kong new york doug krizner singapore four hundred million dollars twenty nine billion dollars four billion dollars
"rishaad salamat" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:27 min | 3 years ago

"rishaad salamat" Discussed on Bloomberg Radio New York

"The top brand in the market currently dominated by canada's i max the details from michelle salama lynn mingy the chairman of china film digital giantscreen says the company's top priorities expansion not profitability and he says the company has a government mandate to become the largest premium largeformat brandon china's film market and he's confident the company can achieve that target by 2019 that as china film digital focuses on a business model that lets a theatre operated retain a bigger share of ticket sales in hongkong i'm rishaad salamat bloomberg daybreak asia six and a half minutes past the hour now it's time for a global news update president trump is warning today that illicit chinese oil sales may jeopardize a friendly resolution with north korea had backstrom buildings in our bloomberg 960 san francisco these rights you are brian his tweet says caught red hand very disappointed that china's allowing oil to go in north korea there will never be a friendly solution he says that the north korea problem of this continues to happen now as we reported to yesterday chosun ilbo reported that as many as thirty times satellite photos transit actions at sea not port bloomberg's justin sank says this makes things very interesting it's actually not only go according to the security council resolution that with asked back in september as part of the efforts to try to ratchet up pressure on on north korea but obviously the trump administration is hoping that china will exert as much economic pressure as possible so they really want to see a limit of these types of energy sales in the north korea to put more more pressure on the us is saying the spirit of the working agreement was violated the issue of comfort women is apparently spilling over into the winter olympics japan's prime minister ave will not be going to south korea nikkei reporting the decision after south korean panel decided the 2015 agreement regarding the sex slaves was faulty and procedure and content india's powerful house of parliament has approved a bill making the practice of instant divorce triple tall like a legal among muslims some muslims are outraged semi treatment oncho member of the house says it will just lock up more muslim man this is not the law cooper like that vo muslim woman but you're giving a two muslim men booby investors roy more alabama loser after circuit court judge rejected as lastditch effort.

korea alabama prime minister olympics brian president china giantscreen chairman of china the house india canada japan us justin chosun ilbo san francisco bloomberg north korea oil sales asia brandon china