35 Burst results for "Sandra Kilholf"
"sandra kilhof" Discussed on Bloomberg Radio New York
"Here's limbo, Sandra. Kilhof, sandra. Good morning. Nara, Israel will hold a new election after Benjamin Netanyahu failed to form. Government. It's the first time in Israeli Prime Minister designate has been unable to put together ruling coalition after an election six-week deadline expired, with two of his Likud party's potential partners unable to agree on a proposed military draft law turning to Saudi Arabia, where cantons prime minister heads to a summit today. Bloomberg's Middle East said, Allah Shaheen says it it's a sign that the rift between Doha and its neighbors is ending. This is the first concrete step toward fixing this rift. It's the highest cottages allegation to go Saudi Arabia in two years, but you have to remember two things one he's not he's still the prime minister to we haven't yet heard any praise or welcoming signs from the other countries that are imposing McCotter, embargo. We heard from the hottest saying, look, we're setting our differences aside, and definitely to be received positively Bloomberg's ala Shaheen there reporting from Dubai. Now, President Trump has tweeted case closed after special counsel, Robert Mueller spoke publicly for the first time about. The Russia investigation moolah repeated his report finding that he couldn't reach a conclusion on whether President Trump had obstructed Justice set forth in the report after that investigation if we had had confidence that the president clearly did not commit a crime. We would have said, so we did not, however make determination as to whether the president did commit a crime. And I'm gonna Markle will today gave the commencement address at Harvard University. Bloomberg's Patrick Donahue says it will be a welcome change from recent tense meetings at the White House. The German Chancellor has had a rocky relationship with President Donald Trump and the cracks are beginning to show in the transatlantic relationship officials around Michael, they're beginning to describe the point of no return a rupture in the seven decade-long alliance that risks pushing Germany, and other European nations to assert their own interests in Boston. Patrick Donahue, Bloomberg daybreak Europe cable news twin day on air net. Tick Toko Twitter, powered by more than twenty seven hundred journalists and analysts. One hundred twenty countries. I'm Sandra Kilhof. This is playing by nays Endre. Thank you so much now still ahead on Bloomberg daybreak Europe. Pimco firing a warning shot executives at the one point seven trillion dollar money managers say they expect.
"Between growth and value because I know that we've talked about this before I think, is it gross that you favor. But I was looking at this morning that suggestion value is pretty cheap on some measures, where do you come down that in this debate? Yeah. Definitely are my beak gross fund of we've been there for, for many years until his ideas at low interest rates, and kind of scares economic growth will definitely leak it awards were those stocks and that has been a trend for over a decade. Yes. Value, stocks are directed that has not helped very much. So we expect the gross looks to continue performing strongly. What would brags this very long term trend? I think substantially higher interest rates. That's what you need to see to for stocks to start rallying. It's coming. At the current state. So I think rose, folks still lots of room to contain. All right. Maria, thanks very much for your time this morning on TV both on TV and on radio Maria fight Montas senior multi-asset strategist at State Street. Now, the latest in global news, his that, Sandra Kilhof. Good morning, Anna at least nineteen people injured after a man wielding two knives attack degree boycotting the bus stop outside Tuncay legs, Brian founder reports thirteen of the victims were schoolgirls at a nearby Catholic school, a thirty nine year old man and a sixth grade girl died from their wounds and the suspect died after slashing his own neck, although Japan has one of the lowest crime rates in the world. It has had a series of high profile killings, including in knife attacks in Tokyo grind Fowler. Bloomberg daybreak Europe. Alstead Australian challenge. The best inputs has started his campaign to return to power. The Australian leader also became the show. Serving his strange coalition pumped listen, the nationalist Freedom Party, but devote to this miss him. An interim administration will be named in the coming week before snap elections that you to yield says he's confident will back him in September. He listed the priorities for his rightist league Ponti and insisted he won't let European Union rules stand in his way his promise of a flat tax reviewing the blocks, limits on debt and deficits is likely to trigger a new clash with Brussels soon in Rome for name, Bloomberg daybreak Europe and apologies. I did miss the introduction to that voice. It was about Matteo Salvini, who is wasted. No time in setting. He's controlled Italy's populist coalition. We had Bloomberg John filleting reporting on the election. Full out in Italy. Meanwhile, severe weather is due to continue across the central US and made west this week storms and flooding have three havoc on the area with another tornado killing two people in Oklahoma over the weekend. Governor Kevin stood says it's unbelievable that anybody could
"sandra kilhof" Discussed on Bloomberg Radio New York
"In London. I'm Sandra Kilhof with this Limbaugh radio business flash. Now Asian stocks trading high on expectations that Beijing might add economic stimulus off the data showed China's economy loss team in April stocks in Shanghai, really leading those gains were Kernan seeing the CSI three hundred up more than two percent. The hang sang seemingly up one percent while Chinese Hsieh's lagging a bit. But still the topics is up full ten percent. The Nikkei up six tenths of upset. US equity futures. Also pointing to hire eighth in that now in currencies alsi dolla as the big loser. Among g ten currencies today off to that China data showed industrial output, retail sales and investment will slowed last month. Currently heels you don't let down two tenths of a percent. That said the offering wen is holding six nine against the dollar again also steady at one hundred nine spot six against the greenback. The Bloomberg Donald spot index meanwhile, slightly higher by one tenth of San. Meanwhile, the euro unchanged this morning that one twelve. Level styling at one twenty nine amid news that Theresa May's bring Brexit deal back to parliament in early June in fixed income, I'm keeping an eye on ten year. Treasury yields still near the lowest level since late March Carney up two basis points as yells at two spot. Full one percent finely a quick check on oil. We think WTI crude down half a percent at the moment. It's still trading above sixty one dollars a barrel. But moving Loa as an industry report said to show a big jump in US crude and refined products supplies now. That's business flash. His aunt guarantees with more on what's going on around the world. Thank you, so dre self-proclaimed swayed Anita Hon Guido says the country's falling apart. And that the government continues to try to silence the opposition. He also says there are many ways over solving the classes and that he's been in contact with the US military. However, so says tell us Washington is unlikely to agree to quite as requests for an executive order protecting Venezuela's assets from creditors and know, creating a near total ban on a boat. Ocean has been Palestinian US state of Alabama. Anyone who carries out the procedure at any stage of pregnancy could be punished by up to ninety nine years in prison. A Republican dominated Senate rejected and attempt to add exceptions for rape and incest. And Finally, President Trump denies that. He's planning with Iran, but once he'll send more than the reported one hundred and twenty thousand men if he did the Neo times published the claim that the president has blasted as fake news tensions in the Gulf humping rising in recent weeks. Global news twenty four hours a day on Aaron that tick took on Twitter pow by more than twenty seven hundred journalists amount listenable the one hundred twenty countries, I'm Dan guarantee. This is Bloomberg. Caroline. Thank you so much. Leeann now getting back to talk trade story and President Donald Trump has cooling on the fed to get involved. He wants the central Bank to match any moves by the to offset. The impact of the trade will tell tweeted that it would be quite gay MOVA if the fed did so for more let's bring in Catherine Doyle investment. Specialists for real at Newton investment management. But he gets on the program. So we've been following the story very classy for the last few days. We also had the China date out this morning said we're going for tat with tariffs. And now, the idea is also they'll be Tiffany Totten matching stimulus. This is. Nice strange. Yeah. I mean, of course, the the ultimate that was really intended by the Trump tweets last Friday and dissipate over the weekend. And obviously we saw that selloff in markets on Monday in response to their retaliatory tariffs announced by China. And I think that's sort of the nub of this is that and the US wants China to change its economic model in particular to stop subsidizing state-owned enterprises. And indeed all the funds which which gives them really an inherent global advantage. But China is really quite unlikely to to give into these requests. And I think the probability of a deal in the next few months is really quite negligible. I want to pick you up on that. At you vote. Something similar in your news in the next one. What does that mean from al-kas than dot dot means a lot more a number more weeks of uncertainty? Things seem to be slightly more steady today. But what does that mean in the next few weeks? I think you know, this is undoubtedly going to be more volatility markets in a market saw are very skittish at the moment. Obviously we had to the end of two thousand eighteen very nervous small kits and on Monday. We had a bit of a another bout of market volatility. So I think they all nervous about whether this is is really hiding this really quite could rumble on for some time. Of course, this is about something bigger than a trade war. It's really about a power struggle between two dominant economies. So it could it could rumble on really for quite some time. Everyone that I speak to about this, which is a lot of people. People are split on on on the ways he's doing it. But almost everyone agrees this had to be done that someone had to negotiate with China because they are stealing. I pee on a regular basis. And tariffs are uneven you d agree. Well, I guess he's tackling some some pretty difficult questions on docilely, and you do need to be tackled in some way. The question is how do you do it? You know, what's what's the most mall kits friendly way of doing it? And certainly the the market saw quite as I say quite nervous about this. And it feels like it's almost inevitable that we will see more volatility in blankfein. The the former CEO of Goldman Sachs tweeted, an interesting note yesterday, saying tariffs might be an effective negotiating tool. He said saying it hurts us misses the point. Us meaning the US. China relies more on trade and loses more as in a labor strike where management and workers. Both get hurt. The process may demonstrate relative strength and resolve where compromise needs to happen. What do you think? Yeah. I think sesame, and you know, nobody wins in a trade will ultimately. And I think this whole kind of wave that you've seen globally actually of an increased sort of protectionism and populism is not really a very positive development. And obviously we're going to see how that plays out in Europe. When we see the the may European elections on the horizon, and it'll be interesting to see how the rise in populism is filtering through to actual votes. Okay. Just going back to this. The the trade will issue and this potential fool. China to retaliate in the US treasury market. How do you assess that some people have said that it's highly unlikely that that would be the nuclear option, but actually he has happened before just in the sense that China has had to defend the Yuan, for example. And so they've sold US treasury holdings in not sense. How do you assess the risk what sunny it certainly would be the the nuclear option? I think is probably going to be. What we'll wait and see. But I think it's probably gonna be unlikely in the NIA, Tom. I could see more more rhetoric being used rather than actions in the near term. I mean, Trump seems to tweets quite quite regularly. And that's what seems to be causing the the market volatility rather than than sort of actions have Koussa have been the Taras themselves. So I think that similar likely outcome. What do you expect for the European economy? I mean, the the US economy, I guess and the Chinese economy are subject subject to great change. What about here in the EU and in the UK? Well, of course, European growth has been decelerating over the last few courtes- and exports to Asia represent a significant components and demand has been waiting in the near term there. That's been particularly challenged is the automotive sector in Germany, and that's how to negative impact on industrial. Production figures with the inevitable read across to other industries and more recently we've actually seen a bit of stabilization in the growth outlook and we've seen a little bit some slightly higher inflation. But ultimately Europe is facing some fairly sizeable structural headwinds which continuing to weigh it doesn't mean that. There aren't any investment opportunities within European critise, and there are still companies very well positioned. But if you actually look at the macro economic backdrop that that looks less rosy austerity is not spin almost permanent is that going to end at some point. Well, it's difficult to see how governments can really afford to rain back austerity at significantly. Although certainly if you look at the sort of. Populist movements. A lot of the unease and resentment is actually being driven by the fact that wages of state low and public services have been caught there's been very little crow Gress by governments in addressing long-term structural challenges facing their economies. And so I think the man industry is feeling rather sort of down Beat's and somewhat. They haven't really participated, especially not in the financial markets gains. That we've seen over the last year or say, Kevin I was gonna say, thank you. You were going to say we're both. You're both thanking you Catherine Doyle, thanks so much for joining us investment specialists for real return at Newton investment management headed over to Bloomberg television..
North Korea fires more missiles
"North Korea as you might expect the headline reads new launches by North Korea foil US efforts. So, you know, North Korea yesterday, as you know, launched short range ballistic missiles, we know, that's what they've been identified. As now for the second time this week, and the US after that said that it had announced that it had seized North Korean ship that was said to be violating sanctions because it was carrying banned exports call in particular, and actually it says here in the article, but it's the first time that the US has actually seized a North Korean cargo ship. This one was called wise, honest. Interesting name, a the article mentions that you know, interestingly this setback comes amid President Trump's ongoing trade argument with China. And in fact, you know, when in fact, China is the country that is kind of mediating, and I guess could help the most when it comes to, you know, raining in Kim Kim Jong, and that's actually the second big story, which is Trump squeezes China with a set of fresh tariffs. So billions in imports have been hit as you know, the trade talks between the US and China continuing that was quite important round of talks in Washington yesterday that failed to produce an agreement. President Trump announced today that he's going to raise a towers by two hundred billion dollars worth of Chinese goods these things from electronics to medical devices, and claw. Oh -thing. The talks are resuming again today. So I guess we'll wait to see what happens with with those and and also for China's retaliatory measures because what we've seen so far is that it's been a very much a tit for tat situation. Sandra Kilhof was saying earlier in the business pages. It's a yeah. It's not going to be something. We're going to see the end of at any point
"sandra kilhof" Discussed on WAFS Biz 1190
"I'm Sandra Kilhof with this Bloomberg radio business flash. Now, European and US futures very much in the red following a grim. Trading day in Asia Asia Pacific closing down more than two percent. That stock selloff that gripped markets on Friday really continuing today. We also Japanese Hsieh's headed over quoting that biggest drop of twenty nine thousand nine the Nikkei closing down more than three percent. The CSI three hundred Cosby and Hang Seng down two percent. Australian benchmark also closed down more than a percent. Now. Those recession concerns really weighing on markets after the treasury yield curve inverted on Friday. So they this bond yields have been tumbling this morning again in several areas reaching the lowest level in years. Australia's tenure Bonneville in particular recorded an all time low we've seen Japanese ten year. Bonds hitting the lowest level since September twenty sixteen JJ currently at one hundred and eight spot eight six ten year. Treasury yields meanwhile, holding at two point forty four percent after sinking ten basis points on Friday. German boondoggles just having opened also unchanged in currencies. We're seeing some influence into safe havens, the dollar up one tenth of this morning. The end meanwhile reversing earlier gains currently down one tenth of seven against the greenback. Trading at one hundred and ten styling meanwhile, dipping this morning down three tenths percent. Several cabinet colleagues have publicly backed Theresa May as several British newspapers saying she's under increasing pressure to stand down over handing, a Brexit. The Turkish lira meanwhile up more than two percent recouping some of Friday's losses after Turkey's banking. Regulator started an investigation into JP Morgan and several other banks for sticking the currency's plunge. Finding a quick check on all this morning. We think WTI crude dropping some six percent currently below. Fifty nine dollars a barrel. That's a Bloomberg business flash. Now, here's Leon guarantees with more on what's going on around the world. Thank you. Sandra a luxury cruise ship which narrowly avoided dissolve several of the Norwegian case will be investigated after betas engines failed in a storm. Hundreds of passengers were airlifted to safety by helicopter over the weekend. Several needed hospital treatment of definitive was tossed across decks into the waves. A rocket launched from the Gaza Strip has hit a home in central Israel this morning at least seven people were injured amid escalating tensions just two weeks before national elections. Israeli Prime Minister Benjamin Netanyahu is cutting his visit shoot after the attack and scientists say they have discovered a stunning trove of thousands of fossils on the riverbank in China. The fossils are estimated to be about five hundred and eighteen billion years old paleontologists have called the findings mind blowing especially because more than half. The fossils are previously undiscovered species. Cleanable, news twenty four hours a day on Aaron it took on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm young Erin's. This is Bloomberg Yussef. Thank you very much for that. Let's get back to our top story. One of our top stories. President Trump is claiming victory after the special counsel found no evidence of collusion with Russia and three general William bar set. There is not enough evidence to charge the president with obstruction of Justice. But the political fights over Miller's findings is far from over with top Democrats demanding release of the complete report for more. Let's bring in Bloomberg's senior editor Derek wall Bank. Derek, what do we know? And more importantly, what still remains ambiguous in terms of these latest latest publications? Well, it's a good question. And indeed, we know some things we have a four page readout from William bar, the US attorney general describing Robert Muller's fine. Endings in some amount of detail. The biggest headline that we get from that his that the idea that there was no collaboration between the Trump campaign and Russia ahead of the twenty sixteen US elections, and that's big. That's that's the big ball game. That people have been investigating for the last almost two full years now. The second thing that we see is that in bars. Telling Muller did not get all the way to being able to move forward with an obstruction of Justice. Charge. And instead said that there wasn't enough evidence. But the president wasn't completely blameless. This isn't connection to the firing of FBI chief James Comey among other things and so overall the president is absolutely bullying. He could not be happier right now, his allies in Washington. See this as complete vindication. I it's not complete vindication. But that's exactly where they are. That's where their heads spaces right now. They think that this is absolute ten out of ten right now. They couldn't be happier. I was looking through the letter from Mr. bar, and on on several counts stare is the argument that is made that there are real restrictions as to how much information could really be given to the Democrats or those requesting it in the wider public because of other ongoing investigations, it's just give me a bit of context as to as to how limited really the attorney general is in terms of being able to to give it and distribute that full report there is a wide amount of disagreement about how shackled Mr. bars hands actually are Democrats think he can release most of this unless it's connected to the us national security and intelligence gathering methods or it's directly related to another case. But they basically say, look, let's see the whole thing. Democrats are pointing back to the Clinton administration when Bill Clinton was probed by Ken Starr, this is this is a. A slightly different circumstances for reasons of detailed legality. I'm not going to go into. But at the end of that the star report that came out was book, length and lurid. You learned things about a president. You wouldn't like to know about your best friends? Democrats are seeing that as as as the standard and they're expecting something similar. They may be very disappointed with that. But the question of other probes is a very good one. Because while this report deals with the Russia part of the inquiry. This doesn't deal with things like the Trump organization or payments to porn stars about alleged affairs or anything like that. So there are plenty of other investigations that are ongoing out of the southern district of New York and elsewhere that aren't covered here. And if something is material to that, you can't really go and interfere with that. So there may be a, you know, you don't wanna finish one thing to go right into another. But we might be in that situation. Derek? It's been great having you on the show. Thank you for your time. Bloomberg's senior editor Derek wall Bank. Let's get you a snapshot of what's coming up. We're gonna be getting back into the markets chat with William porter. He's credit strategy at Credit Suisse. Sure, you take out TV. Gophers a great. This is. Flipper? This. May not be stomach issues for me. It's intense gas or pain or diarrhea sometimes all at once over and over I spent years with the symptoms, but could never figure it out. No matter what I did. They never went away. So I decided to break it down for my doctor and get really specific about my symptoms Twee discovered that extra chrome pancreatic insufficiency or EP. I may be the.
"sandra kilhof" Discussed on Bloomberg Radio New York
"In London. I'm Sandra Kilhof with this Limbaugh radio business flash. Now stocks in Asia building in last week's rally China very much leading the way this morning within key equity indices in Shanghai rising more than a percent, the CSI currently up one and seven tenths of a percent equities in Japan and Hong Kong posting slightly more modest gains the nikei currently up six tenths of a percent while we're seeing the Hang Seng rally eight tenths of sent this morning. The MCI Asia Pacific up seven tenths of upset. US futures also pointing slightly higher after and five hundred cabinets best week since November on Friday. The UN. Meanwhile, fairly steady this morning. The yen slightly lower trading at one hundred and eleven spot six against the greenback. The Ozzy stronger this morning up four tenths of a percent. The dollar meanwhile drifting lower by one tenth of a percent ten year. Treasury yields down one up one basis point a two point six percent. Sterling little changed at one spot three two nine against the greenback. Of course, chance of Philip Hammond yesterday, ramping up pressure on pro regulatory MP's warning that they will trigger a long delay to breaks unless they support Theresa May's proposed deal when it's put to vote in parliament this week finding we're also keeping an eye on oil this morning traders watching for comments from the OPEC plus meeting in as John Saudis, energy minister saying that OPEC and its allies still have much work to do WTI. Crude down four tenths percent on the back of those comments trading at fifty dollars a barrel. Brent just at sixty seven dollars a barrel. That's a Bloomberg business flash. Now his guarantee with more on what's going on around the world. Thank you, Sandra. The department of transportation is said to be investigating the FAA approval of the seven.
"sandra kilhof" Discussed on Bloomberg Radio New York
"I'm Sandra Kilhof with this Bloomberg radio business flash. Now, European futures pointing to a positive open with the footsie and CAC forty centre-right six tenths of upset. The Dax juju rice three tenths of upset this morning, this often Asian session that in the Nikkei close up half a percent, the hang sang trading higher and Chinese shares really outperforming with Shanghai calm and CSI three hundred both up two percent positives. Trade sentiment having a bit of an impact after PBS gummy gang said, China and the US on general agreements on many crucial issues. US futures. Meanwhile, pointing to a bit of a mixed trading session S and P five hundred futures now pointing slightly art while the Dow however set to full four tenths of a percent analysts saying Boeing could be a big drag on the index. Stay shares and stood got already taking a bit of a hit this off to China grounded all of its Boeing seven three seven max planes after yesterday. Meanwhile, fairly flat the Turkish lira down just one tenth of upset nausea shrugging off fourth quarter GDP data that showed turkeys in a recession. The pound meanwhile, reversing earlier losses investors speculating whether reports that resume is losing support for her deal. Could mean a delay to the UK's e you exit.
"sandra kilhof" Discussed on WAFS Biz 1190
"London. I'm Sandra Kilhof with this Bloomberg radio business flash. Now, European futures pointing to a positive open with the footsie and CAC forty centralized six tenths of upset. The Dax due to rise three tenths of a percent this morning this after an Asian session that has seen the Nikkei close up half a percent, the Hang Seng trading higher. Chinese shares really out performing with the Shanghai, Tom and CSI three hundred both up two percent. Positive traits sentiment. Having a bit of an impact after PBS government gang said, China and the US on general agreement on many crucial issues. US futures. Meanwhile, pointing to a bit of a mixed trading session S and P five hundred futures now pointing slightly up while the Dow however set to full four tenths percent analysts saying Boeing could be a big drag on the index. Stay shares and stood got already taking a bit of a hit this off to China grounded all of its Boeing seven three seven max. Planes after yesterday's deadly. Ethiopian Airlines crash. Also, keep an eye on Deutsche Bank and Commerzbank. Shares at the open votes. Stocks called up this morning amid growing for merger between the two turning to bonds. We're seeing ten year treasury yields up more than basis point now at two spots. Six four two percent. The dollar slightly higher this morning. The euro also hire ten year bond yields meanwhile, fanny, flat tax down just one tenth of nausea shrugging off fourth quarter GDP data that show turkeys in a recession. The pound meanwhile, reversing earlier losses investors speculating whether reports that Theresa May is losing support for her it could mean a delay to the UK's.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Let's get to Bloomberg's Sandra Kilhof. Good morning. Good morning. Yussef tacky has yet to respond to America's latest strategy in Syria. This after US national security adviser, John Bolton said. US forces will remain there until tacky agrees not to attack Kurdish militants honor aunt reports. Bolton's Lakers remarks raciness clarifying, the President Donald Trump is committed to protecting his copies, courtesy allies in Syria. Turkish military began deploying forces surrounding some of the areas recur since based shortly after Trump announced US pull out from Syria two weeks ago. Balkans comments show, the US strategy posterior exit is far from clear in this tumble on Bloomberg daybreak Europe. Japan's top government spokesman says ties with South Korea are in a severe state Tokyo and Seoul of spot after South Korea's top coats, two of Japan's biggest companies must pay compensation to Koreans forced into labor during Japan's colonial rule yesterday. Prime minister Shinzo obey said, he would consider countermeasures to protect Nippon Steel and Sumitomo Metal. Meanwhile, Germany's conservative CD you and see us you parties have finally made peace. Thanks, Patrick Donahue, says it follows a year of infighting CS, you leaders met at a winter retreat over the weekend where they hosted Michael successor as party leader undergrad Crump Karam, our the two parties pledged a fresh start but attention in miracles coalition quickly shift to the social Democrats whose tanking poll numbers will put their staying power in the government to the test in Berlin, Patrick Donahue, Bloomberg daybreak Europe. And Italy's government will soon launch a program for improving the country's infrastructure. According to deputy, prime minister Luigi de Maya Bloomberg's Kevin Castilla reports Demayo says the government plans to use European Union funds and its own budget money for the infrastructure project. As Italy seeks to kick start its economy. The populist coalition has been dealing with signs of slower economic growth in Rome. Kevin Costello, Bloomberg daybreak Europe. Global news twenty four hours a day on your net talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one. Hundred and twenty countries. I'm Sandra Kilhof this back Yussef. Thank you, Sandra. Right. Let's get into some of our top themes and some perspective on on all of these David Riley. He's the chief investment strategist at blue bay asset management joins me now from the London studio. David great to have you back on the show. They can't get a sense from you as to how far this relief rowdy can go on. What has been determined to be dovish fetch here from Friday? I think potentially it's got quite a long way to go. Because I do think the market had essentially priced in started to price deflation me slump for for for the global economy and sort of heightened recession risk for for the US. The extent to how far how fast can it go? I think will empower depend on a sort of ongoing economic data. We we need confirmation. If he liked the. We're not having an acceleration of of of of the of the week of data that we've seen. So we're gonna hear pow and clue either another fedspeak has during the course of this week. I mean to your point what the market really heard when when when Powell said patient demarcate heard pause. And so I think we're in Natick. Maybe a little bit more, Claritin validation. The Marcus interpretation that we're going to get a pause is the correct one. Still a remarkable disparity between what the market expects for twenty nineteen of rate hikes, and what the fed is signal signalling in terms of hikes in twenty nine thousand nine amid this disparity do you make any meaningful shifts in your recommendations on on securing exposure in certain traits. I mean, what I would say is that we do think that a sort of shorthand of US rates curve is miss price. In other words that the market is actually underpricing where the fed will be at the end of this year. And I think there's a timing share around went to. Yeah. Taken outright short position. I do think there's an opportunity to be short US rates, particularly say at the shorter end in the near term. I I do think that it would it does mean in terms of the signaling foam from the fed is this positive for risk assessors probably negative at the March for the dollar. I think that if we get also some progress in terms of trade talks of these. But if we get then I think what set up quite nicely intensive emerging markets. I think emerging markets is is somewhere investors. Sure should start looking at David. Can I get you to weigh in briefly, the Goldman note, they're betting on a weaker dollar after those comments from Powell and they're saying that coop would software US data makes the case to go short on the greenback. Agree. Well, I do think that it's going to take the of wins that have benefited the US dollar. So would I take big outright directional short views on the Dolan. I I'd like to take if you like some positive views on other currencies against the.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Twenty seven hundred journalists and more than one hundred twenty countries. I'm Sandra Kilhof. This is Bloomberg Markus. Thanks so much. Indeed. Sandra? Sandra kilhof. Thanks for bringing us up to date. Let's say get to our guest this hour. William Hobbs, head of investment strategy at Barclays investment solutions joins us now down the line. William great to have you on. I just wanted to kick off with Brexit rarely because we're looking at what could be of any event full week to say, the least in British politics. You say a deal will eventually be backed by parliament. Did you think other investors are sharing that outlook? What's the potential for UK acids to move this week? Yeah. It's very difficult. Marcus. Having me on the show. I it like you say, it's it's going to be a very interesting week at politically in terms of sort of how markets are thinking about it in all of you. And I think in the view of many others the chances of a hard proper crash out have marginally receded over the last few weeks. And that's really the thing that matters. Now, the choices are the various shades of deals that are that are may be on the table. They weren't make a massive difference in terms of pricing in old traitors ready. Just the alumni Dale. And so that's really the thing that that that that we've got to watch for now is he a massive defeat for prime minister. May you're going to have the uncertainty of all sorts of options to be honest. I mean, the outlook starring messy from that perspective. You have elections you could have seen a second referendum. But they look dot deal would be you know, it'd be a little bit dead in the water. So does one scenario. I mean, Trump the other ones is there any particular base case where you say, okay. This is actually the best outcome in a series of not. So good outcomes. I mean, again denote deal breaks it there's a consensus that that's likely to be avoided, but then in the raft and in the list of other deals is there one that is slightly better perhaps four markets for sentiment for confidence. Well, I mean, I think in the end you look at the main sort of thing that you look how spelling because the rest of the UK's I said some of the bond market dances to the UK a little bit. But for the most part the UK's capital Mockus don's to the to the to the to the tune played by the US economy in the world economy. So really, you know, it's defect on sterling. Now, if you look at most other scenarios, you know, within a sort of a deal Oatley access Nari you're going to see interest rates rising on those on. Thanks, very much what the Bank of England pointed out if there's no deal, then as the Bank of England pointed out that it's going to be a big interest rate cuts old rises, potentially potentially in very short order. Now, you know. Marcus love to whatever extent they can get it. And to that extent a deal on the table, probably office. Well that most looking for because all of the other options in a sense run against the constraints of time or sufficient parliamentary support at the moment. If we eventually gets a deal Willie what kind of headroom DC here for sterling. Some folks are saying that look the continued uncertainty regarding the future relationship with the European Union will to some extent keep keep a capital on starting going forward. D do you agree without wha- kind of rise? Do you potentially see in the near term? That's probably true true, Marcus. I mean, the thing is that if you're looking at it, and you get yourself into the into the into the into the period. Pice march. Transition period, you'll still in a situation where in two years time, you'll relationship with the could change materially now for businesses you a little bit less uncertainty, and they currently live with, but there is still significant uncertainty about future trading arrangements with its most important partner and the other point is to make his obviously the financial services sector sound self interested. But there's lots of work to do with regards to, you know, I'll see, you know, our relationship with the EU going on at the moment. Those seena there are too many questions for lots of investors to suddenly stop piling into the UK economy. So you will see a little bit better trend in UK economic growth. If you do get to that tobacco transition period with some sort of feeling in place. But like you say, I think you'll trend is still going to take some wild still to reassert itself. Given the uncertainties to which still remain. All right. Thanks so much. William ABC's going to be staying with us head of investment strategy at Barclays we're going to be speaking to Tim Craighead going forward as well. He's from Bloomberg intelligence about the upcoming Brexit scenarios. So he's going to be weighing into the conversation as well. You're listening to daybreak. We are live from London. We're live from.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Cattles emir has rejected a Saudi invitation to the annual g c summit. And instead sent it state minister for foreign affairs. Saudi Arabia came as Riyadh seeks to defuse pressure over the killing of dramatic kashogi unmanned regional divisions on media's acting prime ministers won a convincing victory in the snap. Parliamentary election, Nicole pa-, Shannon's block one more than seventy percent of the vote according to nearly complete results. He now has a parliamentary majority to push through a program tackling corruption on reforming the economy and Iceland is about to say goodbye to a decade of pace crisis emergency measures the government today. Publishes a white paper on the future structure of the financial system. It will reportedly include opening up for the sale of its remaining stakes in the country's banks and loosening the shackles and foreign investors. Still trapped in the North Atlantic economy. Global news twenty four hours a day on air net. Take talk on Twitter, powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. I'm Sandra Kilhof. This is Bloomberg market. Thanks very much, Sandra. Now, let's turn to events unfolding in France. The French finance minister speaking on RT L says that protests will mean less jobs. President Michel is to address France later on today after another weekend of violent protests across the country. The president has seen his approval ratings collapse as the so-called yellow vest. Demonstrations have continued critics say that he needs a grand gesture to admit errors sticking to the substance of his mandate and convince sceptical opponents are reported Maria today. Oh Joseph now live from Paris. And from the locked at Maria. What can McCall offer the French tonight to ease tensions? He's already staged a u-turn when it comes to fuel. Good morning. So revolt ready heard though won't be anymore. Tax increases for this year. There won't be any more tax fuels. And that kind of shows that the fact that protests are still going mean that this goes beyond. There's I think there's.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Focused purely on production costs. I mean, this is not the alternate goal. You know? Because I would like to say that I think we have to wait and see you know, how the market is unfolding because ultimately goal is market stability. And there's a two book which allows us to both increase or decrease for and we'll have shown during the past two years that looking use it either way. So that was Russia's Energy Minister Alexander Novak speaking to Bloomberg over the weekend. All right. Let's cross over. We'll continue our focus on oil, but will crossover with it to Singapore. Wes Goodman is standing by there from the markets live team. So whereas OPEC and OPEC and friends starting to lay the groundwork to cut oil supply in twenty nineteen you're writing that a rebound in oil will reverberate through a number of markets. How do you see this playing out? Hi, good morning, everyone. Yeah. I mean, there's a lot of sticky. I mean, first of all oil is up about two percent today, and that can help energy stocks such such as Exxon Mobil and the currencies of oil producing countries such as Russia can gain and we have inflation expectations that are guided by oil can rise that can lead the Federal Reserve to keep raising interest rates all of that can hurt bonds. So the deliberations or want to watch from stocks the currencies to to bonds, and the fed, you know, almost everyone's got got something at stake here. Yeah. Absolutely. I mean, there's so many ways in which shoal prices could trickle down into other asset prices will be talking more about that this morning. We also need to talk a little bit about China's central Bank west because it says it's planning to adjust policies to tackle a worsening outlook. What can we expect from the then from from your perspective? Yeah. I mean, we fought that this this comment or the statement they made on late Friday was quite quite forceful. They're they're they're going to be doing more to help the economy what we've been called targeted easing. No, one notable thing. They've done is cut this reserve ratio for banks which allows banks to use more of the money. They hold without having to set so much aside as reserves, so we can expect more of this targeted easing, which will help both stocks and bonds, and there's even a small minority of communists, who were saying the central Bank of China could actually make an outright cut to interest rates may be an early two thousand nine you know, one interesting point is that it's sort of the opposite of what's going on in the US where the fed is raising interest rates. So US rates are headed higher in China. Rates are headed lower. All right west. Thanks very much. Good to hear from me this morning. Wes Goodman there from the markets live team for real time market commentary and analysis check out m L I V go on the Bloomberg terminal. Now, we're also going to get into some of the global politics that we've seen play out over the weekend. The French president amount of. Mccoll has urged. Well lead is marking the centenary of the World War. One armistice to reject nationalism. Bloomberg's quite viscous has this report from Paris. He told a bit nationalism is the very opposite of patriotism and issued grim warnings about how the world was back at war twenty years after World War One nationalist movements are on the rise across Europe. But Macron's comments he most aimed at US Donald Trump who probably declared himself, a nationalist of the UN is of timber can sat grimly throughout the speech Sunday comparis-. Greg grievous Cousy Bloomberg daybreak Europe. All right pressure is building on UK Prime Minister Theresa may to ditch her Brexit plan or face a catastrophic defeat in parliament. Bloomberg's Sandra Kilhof reports. Britain's cabinet had been expected to meet as soon as today to sign off on May's Brexit plans but late on Sunday. There was no sign of further progress. According to people familiar if may want to deal sealed in November this week is her last chance to corral had divided cabinet. But now that's looking even trickier yesterday. Pro Brexit, conservative lawmakers joined forces with the threatening to reject the deal, even if may persuades the cabinet to approve it. This also growing criticism. Among pro e u conservatives with the shock resignation of transport Minister, Joe Johnson triggering speculation that others could follow in London. Sandra Kilhof bloombergradio now until culprit needs this morning. Alibaba has not stop a record thirty point seven billion dollars in sales on singles day. Bloomberg's Tom MacKenzie says it's a relief for the mostly online. Line. Retail giants considering China's economic slowdown on the ongoing trade war with the US from the top selling products included, apple smartphones. Xiaomi and also Dyson vacuum cleaners and the top three countries that were selling into China included, Japan, South Korea and the US. So it seems that despite betrayed we'll tensions despite the gradual slowdown in the economy here, the consumer combines when event like this Alibaba also squeezed out the singles day record in spite of increasing competition from smaller platforms, like JD dot com and Depin doa. Now, we talked about it briefly at the open. German-based software giant S AP is buying tricks. International for eight billion dollars in cash Quadra is a pioneer of experience management software and last month, it filed for a US IPO, the NASDAQ listing it will operate as an entity within SAP's cloud business group after the deal closes, the German company says it's secured seven billion euros in financing for the acquisition. All right. A little bit of this Monday morning. Let's get some more headlines now from around the World Series. Bloomberg's Leon guarantee. Good morning. Good morning, Markus. Australian Prime minister Scott Morrison says US President Donald Trump houses reasons for not being able to attend summits in Asia. And Pence's presence is just as appropriate speaking to blame. Becky also described his country's relations with China is very stable as Australia's steps up in the Pacific region, Parkside very stable, and I welcome that. Strategy has to be a very productive partner comprehensive strategic partnership that is the official status of the relationship. US President Trump and his Turkish counterpart have discussed the case of Murdy murdered Saudi journalist Jamal kashogi during dinner in Paris. This is global leaders Mark the one hundred three of the end of World War One. Bloomberg's own reports. The Turkish leader earlier said that was seeking answers after providing the US and other allies with voice recordings on the killing of kashogi. He was killed after entering the kingdom's concert in Istanbul last month, and since then Turkey has been pressuring Saudi Arabia to come clean on who gave the orders in his murder. Instanbul on Bloomberg daybreak Europe. Thailand will respond to the European Union new later than November the nineteenth to resolve a dispute over the rule of law in the country. During the extra Lipsky reports, presenting some very concrete steps that could end the disagreement and keep the judicial reform intact. Montage, one of you said Sunday, the EU is suing its biggest ex-communist member for undermining judicial independence. With new laws that in effect would force to fifth of the supreme court judges to retire in were. So let's keep Bloomberg daybreak Europe and hot dry winds continue to drive the worst wildfires in California's history with governor Jerry bound calling on President Trump to release new federal aid. And he's twenty nine people known to have died and a quarter of a million have had to leave their homes and seek safety. Brown's cool comes a day after the president threatened to withhold funds. Because of what he called gross mismanagement of forests global news twenty four hours a day on Aaron it tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Dan guarantees. This is Bloomberg. Matt Arlene, thanks very much for that. Now, we've got more deal news in a sense coming out this time out of SoftBank is going to list its mobile unit in Tokyo on December nineteenth. So getting the details of this listing of its Japanese mobile. Unit in Tokyo, it'll be indicating setting an indicative offering price at fifteen hundred yen per share. So SoftBank lists. It's Japanese mobile mobile unit on December nineteenth in Tokyo. Really interesting move here by Maceo, she signed will it be an early Christmas gift so to speak to investors suppose, that's the question going forward. Now still ahead on Bloomberg daybreak Europe in the next segment. We'll talk about oil prices. They're jumping today. As producers are hinting at new output cubs with Saudi Arabia's saying will shipments as soon as the next month. More from the OPEC plus meeting in Arbor Darby over the weekend. That's coming up next. You're listening to Bloomberg daybreak Europe..
Euro slides after Italian lawmaker talks up national currency
"And for that, I'm joined on the line by Sandra Kilhof from Bloomberg, good afternoon, Sandra, I understand big concerns in Italy and the markets are reacting yet. It's very much downbeat mood in the markets, and it is because of the Italian government's fiscal plans. It is the talk list or the breeze in full Qiutian when we all got enlists. What? Why? We've got this settled mood in the markets within the euro drop for its fifth day, the Cullman currency currently at its weakest level in three weeks. We're also seeing it talion bones very much moving on this, and it's been kind of an amplified by the head of Italy's lower house budget committee saying this morning that the nation would have solved its fiscal problems with its own currency's of raising. Again, those concerns about potentially Italy leaving the euro at some point in the just yesterday, we heard the head of the European Commission could YMCA wound of a Greek style crisis when he was discussing
Global shares knocked after new U.S. tariff threat on Chinese goods
"Let's move onto our top stories, then as you were saying Marcus what's been happening with trade moving the markets in the Asian session. And to some extent in Europe. Asian stocks started the week under pressure after the latest US move to place. A further tranche of tariffs on Chinese goods shares in Hong Kong and China leading. Declines the Shanghai composite closing at the lowest since two thousand fourteen with Japanese markets closed for a holiday after the Wall Street Journal reported that President Donald Trump has instruc-. Acted as to proceed with tariffs on about two hundred billion dollars more in Chinese products. Copper and Nicole dragged industrial metals lower the dollar maintaining gains from Friday and out, of course, has impacted the spectrum. Absolutely. Meanwhile, UBS group CEO said multi reckons, the trade situation is the greatest threat going for markets. He spoke exclusively to Bloomberg earlier today. Trade tensions the geopolitical tensions and Geochronology. Sanctions. We are seeing are likely to create some kind of corrections or opportunities before markets and any vessels to step in and take advantage of that. So I think that's one cannot underestimate that issue. So that was a UBS multi.
Asia slips after U.S.-China trade talks end without progress
"In London I'm Markus Karlsson with, this Bloomberg radio business flash the lack of progress in US China trade talks weighed, on Wall Street last night's and that sentiment has been spilling over, into Asian, equities this morning the dollar meanwhile rebounding after the ousting of, Markham Turnbull as prime minister Scott Morrison is in. Instead And we. Are as I say, seeing the alsi arising on the back of that. Australia's Hsieh's also went from. Negative into positive territory on that news with the ASX two hundred in Sydney gaining about a third of one percent we've. Also seen Asian shares overall go from negative into positive territory the. Asia Pacific index now higher by about eight tenths of one. Percent back trade issue as I was saying audio sort of set. The, tone in the morning part of the Asian session we. Are still seeing some losses though for, the Hang Seng
"Serious indications" arson to blame for Greece fire, officials say
"Global news here's. Bloomberg's Sandra Kilhof and Sandra you begin in Pakistan Good morning Nara cricket superstar Roman Khan has declared victory and his promising new, Pakistan he's also taking a tough stance on relations with the US we wanna relationship with. The United States which is mutually beneficial and fruitful for both countries unfortunately so far our relationship has. Been one-sided as though America thinks. That helps Tajikistan. By fighting for them because of miss Pakistan suffered a lot, stocks in Karachi Iraq did positively to the official results Greece her serious indications. That a fire that killed at least eighty three, people near Athens earlier this week. Was started deliberately the blaze broke out on Monday in an area popular with tourists dozens are still missing fire brigade chief saw tears Zuhdi says the speed of which the fire spread is concerning realize how short the timeframe was premier currents of the fire to its end it was less than. An hour and a half. And it. Was a destructive fire thousands of polls have protested over a. New law, that, effectively lets the. Government choose the next Cream court chief the EU human. Rights groups and opposition parties in Poland say the legislation on the minds judicial independence and democracy Prime, minister Matteo, Milwaukee, has defended the move how continent has been shaped by. Cultural institutions are the hundreds of, years respecting national identities Twenty first. Century Fox and Disney shareholders vote on. Disney's seventy one point three billion dollar bid for Rupert Murdoch's. Entertainment assets. Still ahead on Bloomberg daybreak Europe at where about done with the first week of European earnings will discuss strong numbers from banks.
SoftBank's Vision Fund to invest $1 billion in China AI startup: Bloomberg
"David Finnerty David finito, from the markets live team for real time market. Commentary and analysis check out markets live that's m. l. v. on your Bloomberg terminal let's, move onto our top stories an auto industry. Group is warning about uncertainty surrounding tariffs. The story from Bloomberg's Charlie Pellett John Boselli. Was among those testifying before a congressional committee heels the. President and CEO of the association of global, automakers and he said prolonged uncertainty even before tariffs might. Be imposed will hurt, the opportunity for automakers to continue to invest in exports. There is absolutely no case for high, tariffs, on auto imports and? Auto parts imports they're not national security threatened, in fact just the contrary those those imports support a competitive dynamic industry that leads to investment and innovation and on Bloomberg television Moselle said. Tariffs will hurt American consumers and workers in New York Charlie Pellett Bloomberg daybreak Europe now. When. It comes to Brexit. This. Morning the, UK prime minister will today reaffirm her pledge to keep the border between Ireland. And Northern Ireland opened after Brexit on the second day of a, two day visit to Northern Ireland. Theresa May we'll say that the notion of a hard border is quote almost inconceivable boom Bugs Jess shankleman has more avoiding customs checks at the border with. Ireland is the most crucial issue that's holding up Brexit negotiations, between the European Union and UK in a speech in. Belfast on Friday, she will. Once again reject the ease backstop proposal for resolving issue and instead promote the UK's proposed free trade. Area on goods in London Jess shankleman Bloomberg daybreak Europe in top corporate news Microsoft's. Earnings report and forecast cheered. Investors last, night that's after, reporting sales that topped estimates as more clients turn to the cloud Mandy sing analyst at Bloomberg, intelligence. Says all in all it was a pretty good quarter for Microsoft. They're growing revenue fifteen percent. For a company of this size growing at, fifteen percent it's a stellar year and I think they'll have a tough time next year you know beating because of the comparisons that they're getting now Microsoft's profit for the quarter also topped estimates. Comcast meanwhile is abandoning its struggle with Disney for the entertainment, assets of, twenty-first-century Folks we're told it's concluded the raising its offer about. Disney's seventy one billion dollar bid would be too much and we'll focus instead on the UK satellite to provide a sky and other hurdle was the requirement to divest some folks assets investors welcomed. The news and Comcast shares rose yesterday Softbank's vision fund is seeking to invest almost one billion dollars in China's sense time group that seeks. A stake in the world's most valuable artificial intelligence, startup Bloomberg understands that the fund and since time is still finalizing terms of the deal and the details could still change since time. Declined to comment on a Representative for the SoftBank. Vision fund didn't immediately respond to requests for. Comment for the, latest thing global news now here's Bloomberg's Sandra Kilhof and Sandra President. Trump courting controversy in, more ways than one yes Marcus this is because he. Has invited, Russian leader Vladimir Putin to visit the US. In, the autumn according to the White House as you. Mentioned this comes amid controversy over their summit in Helsinki earlier this week Week Bloomberg's Ilya hip off says some. Details have also emerged wouldn't old Russian diplomats, that he pitched an idea to hold a referendum to help resolve the conflict in eastern Ukraine but agreed not to disclose the, plan publicly so the US presidents could consider it, Putin portrayed the Ukraine offer is a sign he's sticking to bring the four year old crisis to an end but it is likely to, be a hard. Sell in Moscow VR Bloomberg daybreak Europe meanwhile Montenegro has responded to Trump calling the, Balkan nation very aggressive president of the social Democratic Party rankle krieble coverage says Montenegro's stabilizes the region and insists that the alliance with the US's strong I just would like to. Remind, all the, American public opinion in prison term than we'll tell you it was aligned. With, American. Source I four in the second World War MLK right now on the side of the peace and Motorola exporting the peace. A Korean court, has sentenced former president park Geun hey to eight years in prison Illegally taking off book. Funds of funds. From the state spy. Agency and interfering in. Elections during. Her term in office the court also ordered her to forfeit three point three billion one pack is already serving a twenty four year jail term on a string of corruption, charges that led to her ouster last year..
Bloomberg, Ten Minutes and Eight Seven Percent discussed on Bloomberg Daybreak: Europe
"In london i may ritchie hitch with this bloomberg radio business flash just over ten minutes away from the european equity market open and it looks like it could be risk back on a europe after we saw some modest declines on the asia pacific index with the hang sang leading the losses after that market came back from holiday playing catch up to some extent your stocks fifty futures higher by four tenths of a percent dax futures higher by seven tenths of a percent cat forty futures pointing higher by four tenths of a percent and footsie100 futures higher by three tenths of a percent or meanwhile us futures look in the s and p five hundred futures up one tenth of a percent in terms of the fx markets although we did see some risk off in the asian session it has really been expressed that much through dalian in fact the dollar is now higher by one tenth of a percent against the yen one eleven spot zero threes where we trade we've got onto that one eleven handle in this session the euro is fairly steady in this session we saw some losses yesterday but it's trading unchanged at one sixteen forty one in cable also not really moving a lotta though it is a big week for brexit one thirty one forty three as where we trade in the fixed income space the ten year treasury yield steady at two point eight seven percent germany's tenured boondi healed up one and a half basis points thirty two basis points in the gilt market opened up in just over ten minutes time looking at the oil markets we've seen wti jump as much as one point two percent in the session we're up one percent now seventy four spot sixty nine dollars a barrel we trade at seventy seven for eighty five on brent that is up some seven tenths of a percent this basically after we've seen data showing that opec output with steady in june despite a jump by the saudis that's your bloomberg business flash sandra kilhof with more on what's going on around the world good morning nara twelve boys and left football coach trapped in a tie cave will need to learn to dive all wait months for flooding to recede before they can get out the group had been missing for nine days before they were found by divers late yesterday rescuers battling rising water to bring more supplies to the group the tire authorities saying they may need food for at least the next four months the most senior roman catholic cleric to be convicted of covering up child sex abuse has been sentenced to twelve months detention australian archbishop philip wilson was found guilty of failing to tell police about the repeated abusive to alter boys by a priest in the nineteen seventies and disgraced movie producer harvey weinstein has been indicted on new sexual assault claims acquainted manhattan's district attorney facing charges of sexually assaulting three women weinstein could be convicted of minimum ten years in prison the maximum sentence of life imprisonment is attorney benjamin brachman said weinstein will plead not guilty global news twenty four hours a day on air net take talk on twitter powered by more than twenty seven hundred journalists and anisimov the one hundred twenty countries i'm sandra kilhof this is bloomberg markus thanks very much sandra now german chancellor angela merkel halted the media threats of a government break up in europe's biggest economy last night she crafted a plan to tighten migration and keep her bavarian sister party this issue in the coalition fold soccer and sabc ceo attorneys investment manager it's still with us in the studio soccer great to have you hey once again in a good morning to you twelve extent does this deal in germany and angela merkel staying in power for sure at least for now remove uncertainty i think it moves it to logic send people underestimate translator markle let us do a contrast between prime minister may translate both have problems within the coalition parties both are studying on faultlines trump solar merckel has has throughout her career showed pragmatism as what is an ability to cross deals and germany needs that the stage and actually europe needs leadership at this stage why does european because actually brexit in.
Jesse Lingard says England will be fearless at the World Cup
"On aaron tick tock on twitter powered by more than twenty seven hundred journalists and on this in more than one hundred twenty countries i'm sandra kilhof this is bloomberg marcus very much indeed sandra sports time now his start another quarterfinal tie the world cup is now known and penalties played a big poss croatia needed spot kicks to beat denmark last night they'll play russia wanna shoot out against spain in today's action pretournament favorites brazil have mexico belgium take on japan this evening as for england's they moved to moscow today ahead of tomorrow's clash with columbia looking for their first win in the knockout phase of a major tournament since two thousand and six midfield jesse lean god says no fear great great chance for process players to really go farmers coalition we believe in ourselves this game by game every game every is different going to the game tennyson roger federer starts is defensive is wimbledon title today knowing that he won't have to face andy murray britain's former champion withdrew from the tournament last night he's not recovered well enough from hip surgery federa says murray pushed himself this hard as he cooks i could have pulled out earlier but if you want to give all the chances in the world to maybe play at the end and you just not feeling in the morning when you wake up to walk out there that you can play best of five a few times in a row what's the point i'm happy for him that he was able to take a decision but i'm sad that we is applying women of course federal begins his campaign this afternoon on center calls against serbia's duchenne liability among the british challenges cameron nori place former compatriot alliott better night in the women's draw serena williams place to british gio harry dot and katie swan ann lewis hamilton finds himself second in.
China's Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
"The four largest us lenders said they will distribute more than one hundred ten billion dollars through dividends and stock buybacks deutchebanks us unit was the only one of eighteen domestic and foreign banks to receive an objection the company responded that it had made significant investments to improve it's capital planning capabilities as well as controls and infrastructure say tough lamb from the fed on deutsche bank as we discuss salmon and shares in deutsche bank can trade up six cents five cents so underperforming perhaps some of the other banks and interesting corporate story out of asia this morning at the end of the week when we've seen a lot of turmoil in asian and chinese markets show me is said to have raised four point seven billion dollars after pricing hong kong ipo at the low end of a marketed range bloomberg's bryan conscious reports now from hong kong xiaomi price the sale of two point one eight billion shares at seventeen on kong dollars each that would value the chinese smartphone maker at about fifty four billion dollars that's far cry from the initial estimates of one hundred billion xiaomi did attract some key cornerstone investors like qualcomm and china mobile but the timing of this sale has been well less than propitious it was the worst quarter in three years for asian stocks the company had also planned to to offer chinese depositary receipts in shanghai but that has been delayed in hong kong bryan curtis bloomberg daybreak now let's get the latest in global news here's bloomberg's sandra kilhof good morning anna indonesian authorities have shot bali's international airport for a second time in seven months amid a fresh russian of mount argon well conic ashes thrown several miles into the sky of led to the cancellation of four hundred and forty six flights affecting almost seventy five thousand passengers airport at bali were shut down for more than a day and november leading losses of about one billion dollars for the tourism industry five people have been shot dead at the officers of the capital newspaper in the us state of maryland the gunman through smoke grenades us he shorted employees in what's being described as a targeted attack nickel county executive steve shoe says a man is now being questioned the shooter is in custody and being interrogated at this time i want to commend the public safety professionals who were very quick to the scene here within about sixty seconds police say the paper received violent threats on social media prior to yesterday's attack south korea justice ministry is holding an emergency meeting to discuss what to do with more than five hundred yemeni nationals have taken refuge on the resort island of jj doing begs g hailee reports the asylum seekers have sparked an uproar in korea marrying immigration debates and the us and europe as more than half a million koreans have signed petition to kick out the refugees fled to the island which allows foreigners visafree entry for as long as thirty days and sold jay le bloomberg daybreak europe and mexico's peso and bonds have rallied head of going to the polls on sunday to enact their next president being bags eric martin has this report from mexico city the pestle rallied two point two percent the most since march twenty seventeen while the nation's benchmark stock index posted its best performance in two weeks while lopez or is a leftist firebrand his cabinet choice and licensing after the election will likely be well received by markets according to credit agricole global news twenty four hours a day on air net take jack on twitter powered by more than twenty seven hundred journalists and analysts one hundred and twenty countries and kill half this is bloomberg markets bank sandra's straight sports here's callum leslie england will take on columbia in the last sixteen of the world's count the lost one to belgium after making eat changes and leaving taty keen but it's not all bad news protons and reports from russia england joined in the body and kaliningrad because what it means for that same despite losing one melted valjean he's being in a d c drome is going to work this resting total shift around of the players tough job i think we're capable of winning bill bill been disappointed holders belgium made nine changes to the saints play japan who lost one they'll to pull in columbia made it through by beating senegal by the same score elsewhere tunisia beat panama to ireland attempt to scale the twenty twenty series in the.
Fed, Banking Analyst and Deutsche Bank discussed on Bloomberg Daybreak: Europe
"Hundred journalists and anisimov one hundred twenty countries i'm sandra kilhof this is bloomberg matt turner thanks very much for that now deutchebanks us unit was the only one of eighteen banks to fail the second round of the fed's stress tests the results of forced six us banks to scale back proposals for doling out more cash to shareholders but they passed after doing so deutsche bank did not let's spring in bloomberg intelligence senior banking analyst jonathan thais who joins us now jonathan how big of a deal is this for deutsche bank i mean clearly it's been doing poorly in so many different ways joe morning militias in the surprise on this was well flight i think i'm wendy bear in mind that the and the very latest reincarnation of this of never ending strategy focuses on the shrinking rates in the us completely the business again and you bear in mind that the qualitative assessment was kind of how'd you plan for capital have effectively your management arafat your internal.
Oil falls on OPEC's deal to raise output, but markets to remain tight
"Let's talk about oil as well christine brent crude is down almost two percent right now as investors kind of assess how much more supply will flow into the market after the opec and friends meeting on over the last week and into the weekend yeah you had huge moves in the oil market on friday and that was because that was the initial opec meeting of just the opec cartel members will they were they had come to an initial agreement with many ministers saying that it would translate this agreement would translate into a real increase of somewhere between six hundred thousand barrels a day in eight hundred thousand barrels a day to the market then what happened over the weekend was opec went out and met with its allies russia included and they ratified that deal but they took out some of the key agreements that would have shared the output increase among a number of members and then saudi arabia came out and said actually the real increase that we're going to see is going to be closer to a million barrels a day and what that really suggests is that opec or saudi arabia rather may increase beyond some of the expectations towards the end of last week at the beginning of last week we are expecting something like one and a half million barrels at he's still not that high but if you just look from friday to today and what's changed you would have left the day friday assuming that you'd see something like six hundred zero eight hundred and then now coming in on monday you're expecting something like one million and not something that's gonna hit those barrels are going to hit the markets starting in july so would be a little bit bearish this morning yeah it seems as if the market is sort of recalibrating what they're expecting in terms of real output hike here by by opec in friends we also need to talk a little bit about the banks as we often do christine this morning because mount banks may be using a lien style trick repurchase agreements to be specific to disguise their debt this is according to the bank of international settlements what's the latest on on this well it'd be i as high as pointed to some data out there that suggest that banks baby trying to game the system a little bit here through the use of of those repurchase agreements the idea being that banks tend to close out reverse repos toward the end of the quarter when they're preparing to report on their finances and what this does is it shrinks their balance she and reduces leverage now this is something that leeman did a back before it collapsed in two thousand eight it used these riposte to disguise borrowings and what the bs has observed in data is that we're seeing trends that suggest the same kind of thing is going on and is warning that this kind of practice is a negative risk for financial stability and is warning that this should not continue to go on from here dr christine thanks very much bloomberg daybreak editor christine harvey coming to us live from dubai by the way you can get a look at all the stories you need to start your day just type d a y b go on the bloomberg terminal let's say some more headlines now from around the world here's bloomberg's sandra kilhof good morning markus isn't his new government is cooling on all the eu countries to accept more migrants entering the block or risk zones free border travel spain's prime minister pedro sanchez says yesterday's talks where constructive despite leaders not reaching any firm conclusion was a good step forward we share many ideas many reflections indian but what i can share with you is that there are many things in common you heads of state will meet in brussels on thursday for their highly anticipated june summit results from the second round of municipal voting in italy have been announced showing a surge in support for populist parties center right mayoral candidates from the league and traditional allies for italian brothers of italy have emerged as winners in the second round of local votes in most time cities according to the interior ministry's website candidates from the centreleft democratic party have lost in runoffs including an historic tuscan strongholds such a sienna pisa and massa meanwhile us president trump has ramped up his rhetoric on immigration by demanding the end of.
U.S. to slap tariffs on steel, aluminum from EU
"To dismiss it saying allegations are unsupported the head of the organization of american states expects increasingly tougher sanctions on venezuela's president nicolas maduro after challenged his government with crimes against humanity yesterday secretary general luis migros expects at least one country to sponsor the report and trigger a formal investigation by the international criminal court and former slovenian prime minister john is john's is leading the polls ahead of a snap election on sunday his slovenian democratic party sits on twenty five percent in a campaign dominated by fears of an influx of refugees from a comedian and may and mayan sonic is the closest rival nine to sweep out of political elite that's held sway since the fall of the iron curtain global news twenty four hours a day on airline it takes on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred and twenty countries i'm sandra kilhof this is bloomberg marcus sandra let's turn to one of our themes of the morning that's trade this as the eu is bracing for trade offensive from washington after reports the trump administration is poised to impose tariffs on steel and aluminium the president slapped duties on the metals back in march granted a reprieve to the eu and some other countries until the end of may let's get the latest now on this trade story we're going to go live to paris where bloomberg's counting canal is standing by forest catalin there's been some last minute diplomacy on these tariffs at the oecd meeting tell us about it yeah last minute diplomacy but we didn't see a really any progress here the the eu trae chief cecilia malmstrom met we've the us trade secretary wilbur ross and with the trade representative robert lighthizer bitchy you didn't even do briefing afterwards she didn't talk to the.
Serena Williams, Italy and Rafael discussed on Bloomberg Daybreak: Europe
"Bloomberg daybreak europe and efforts symposium ceasefire on the gaza strip have been hampered by militants unleashing a barrel of rockets on southern israel bloomberg's jonathan feser reports eighty palestinian mortar shells and rockets fired at israel on tuesday with the most in four years israeli warplanes struck more than thirty targets across gaza including a tunnel that palestinian militants were building to launch crossborder attacks in tel aviv jonathan i figure bloomberg daybreak europe global news twenty four hours a day on air tick talk on twitter and powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm sandra kilhof this is bloomberg marcus let's get to you morning sports has helen leslie british number tailored when they did the second the fringe open tennis with cameron laurie inaction liter ruling data's made easy work of strean alex dylan alden his opening match naughty luca but a police in the last two real world number one rafael dials so off italy's simoni lali and serena williams has a winning baton to grand slam tennis she beat christina scuba in her first appearance since she became a mum last year williams a black catsuit on court she says it helps with a blood clot problem and england limited overs cricket captain morgan's confident a fractured finger want to miss any of your summer matches your setup middlesex.
King Felipe, Shinzo Abby and Donald Trump discussed on Bloomberg Daybreak: Europe
"Ministers the president central dramatically as early as tuesday the former imf executive may serve as both premier and finance minister but his government will be short lived with populist parties demanding early elections in the fall in rome john lane bloomberg daybreak europe now we're also following spain of course as the prime minister their faces the no confidence vote on friday meanwhile spain's embattled government has nominated pablo hernandez the cost to head the country's central bank backing a fiscal conservative for a job that includes a say in european monetary policy economy minister roman escalante will go before a parliamentary committee today to make the case for this new bank of spain governor before the appointment becomes official and can be ratified by king felipe pay let's talk about shares in japan display and sharp have fallen after reports saying apple lonzo let screens for all its new iphone models south korea's electronic time sites and identified industry officials for its report samsung display has so far been the sole supplier you'll recall oleg for use in iphones and also the us is said to be willing to discuss a deal with europe over claimed illegal state subsidies given to airbus the proposed talks indicator shift in position for the trump administration and could open the way to the eu avoiding billions of dollars in sanctions however we all told that washington is ready to impose penalties if the two sides failed to reach a solution certainly want to keep an eye on as we understand that the eu trade commissioner cecilia malmstrom will be holding talks with the wilbur ross the commerce secretary in paris tomorrow all right let's get the latest in global news and cross back out to bloomberg's sandra kilhof center good morning yussef japan's prime minister all day is meeting with president trump ahead of the proposed summit between the us leader and north korea's kim young earn andy sharpe is bloomberg's editor for japan and the careers japanese prime minister shinzo abby wants donald trump's air he fears that president trump will make a nuclear deal with north korea without addressing tokyo's concerns about the rogue states missiles and the.
Trump-Kim summit: Words angering North Korea
"Perfect meanwhile the british premier will hold a parliamentary version her you withdrawal bill in june setting the scene for a showdown between factions of her conservative party last night spanish prime minister mariano rajoy won a crucial parliamentary vote to pass a longdelayed budget for the country beanbags maria today oh reports a proven the budget will give the spanish primer some recite as he tries to short support for his minority government damaged by the catalan independence crisis and a series of corruption scandals as of the budget is promising to boost pay for pensioners and lowincome workers maurya today bloomberg daybreak europe madrid and north korea is again threatening to cancel the trump came summit if americans that it gave up nuclear weapons the us president has also cast further doubt on the meeting saying there's a very substantial chance it won't happen but trump says we'll know more soon very well happen but whatever it is that we will know next week about singapore and if we go i think it'll be a great thing for north korea sunday a date will absolutely happen it could very well be june twelfth we'll see we'll know next week global news twenty four hours a day on air net take talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm sandra kilhof this is bloomberg marcus thanks very much indeed sandra time now for your morning sports i'm gonna kick it off with the crickets has joe townsend somerset cricketer dumbass will make his england debut in the first task against pakistan south and logs this morning the twenty year old off spinner was a surprise call up having played just sixteen county championship matches england looking to recover from a poll winter for losing test series against australia and new zealand josh portland been recalled as a specialist batsman having consistently impressed in limited overs.
Wti, Sandra Kilhof and Asia discussed on Bloomberg Daybreak: Europe
"Radio business flash for about forty minutes away from the european equity market open it looks like we could see a little bit of softness come through in these equities we have see losses in the asia session as concerns historic increase a little bit around trade tensions dax futures down three tenths of a percent cat forty futures slap footsie100 futures unchanged your stocks fifty futures lower by two tenths of a percent and us futures edging lower as well let's turn to the fx markets with that in mind because we're seeing the yen bid with safe havens generally around these concerns as so dalian down six tenths percent higher for a third day when it comes to yen against the dollar spot forty it's where we trade meanwhile the euro near a six month low what we saw this drop below one seventeen yesterday where buffet one seventeen hundred one seventeen zero six is where we trade on your dollar in cable pretty much unchanged but we did see some losses yesterday we're trading up one tenth percent one thirty three sixty five but the lira very much in focus in the fx space so we did see it strengthened yesterday after that emergency rate hike but now you're seeing it we can we can buy more than two percent four sixty eight seventy one is where we are on the turkish lira reversal yet again already it seemed as if the markets didn't see that rate hike as enough this seems now to confirm it in the fixed income space the reaction to the fed minutes curve steepening on the two tens and fives thirties the ten year yield just below three percent two point nine nine five percent is where we trade the year bundled study italy's ten year yield coming down by four basis points and taking a quick check on oil weaker on wti and brent wti seventy one sixty three dollars a barrel brent crude at seventynine spot forty nine for a bit of a retreat in the oil prices we did see a little bit of a stock pile shock in that inventories data that's your bloomberg business flash is sandra kilhof with more on what's going on around the world good morning nara fulmer malaysia prime minister naci bras is facing a second day of questions as part of the.
Macron looks for common ground with Putin
"Newspaper says that under the new proposal britain would connect e you external taras followed the blocks customs code and implement regulatory alignment on industrial goods meanwhile britain's tax authorities says the customs model favored by parliamentary brexit is could cost businesses as much as twenty billion pounds a year doing jess shankleman says this would be six times more expensive than maize favored plan john thompson chief executive of h m revenue and customs told lawmakers the customs partnership the may has proposed the uk should adopt after at least the european union will cost businesses no more than three point four billion pounds a year in london jess shankleman bloomberg daybreak europe and world leaders are gathering in saint petersburg today for the international economic forum this ladder puritan enjoys a new sense of popularity in the face of us protectionism bloomberg's henry mayor reports of the years of being frozen out by western leaders president vladimir putin seems to be the man everyone wants to see after president donald trump walked out of the iran nuclear deal pushing russia and europe closer annual investment showcase the guest of honor will be french president emmanuel macron who's attending along shinzo abe of japan in moscow henry mayor bloomberg daybreak europe day on air net tick tock on twitter powered by more than twenty seven hundred journalists and analysts and model one hundred twenty countries i'm sandra kilhof this is bloomberg thanks so much sandra now with your morning sports here's joe townsend somerset cricket said dumbass will make you england debut in the first test against pakistan starts loves this morning the twenty year old spinner surprise callup having played just sixteen county championship matches are looking to recover from paul winter after losing test series against australia and new zealand just butlers been recalled as a specialist batsman having consistently impressed in.
"sandra kilhof" Discussed on Bloomberg Radio New York
"This more than one hundred and twenty countries i'm sandra kilhof this is bloomberg marcus i found this story very creepy the fact that they sort of included oems and ours kind of changes that doesn't it to a certain extent because it doesn't really tell you anything about the fact that you are indeed speaking to a machine essentially anyway thank you very much sandra kilhof let's turn back to our guest this morning mall gondal done etf investment strategies that b m o global asset management she's still with us in the studio we were just talking about geopolitics we were just talking about oil i want to talk a little bit about the the yield curve as well over in the united states the treasury yield curve flatten yesterday to the lowest level since two thousand seven if followed softer than expected cpi and also what appears to have been a fairly solid auction when it comes to thirty year notes over in the us what do you see going forward further flattening even more than what we're currently seeing same what we see from past business cycles is the flattening of the curve is absolutely normal at this stage of the economy one when the economy's not cheering the flattening of the curve will happen and will happen in will tighten even further but what's important is the flattening we saw yesterday even with disappointing inflation data was probably an anticipation of expected inflation from higher interest higher oil prices but as you touch on on the strong demand for a long dated treasuries is that the demand for for longterm bones will remain intact because most pension funds up longterm liabilities and needs this this longterm bones so overall what we can say is there is a likelihood that the front end of the curve to rise more rapidly than the long end of the curve so we'll see a gradual flattening all of the the overall yield curve is there a danger morgan we when you look at actually yield curve flattening that at some point in verts and this you could argue is the biggest for the fed because in the past as soon as the yield curve in it means that there's an impending economic slowdown would this time be different it's a fair point but this time is so different from the best tightening cycles because the qe as distorted what we we saw in.
"sandra kilhof" Discussed on Bloomberg Radio New York
"The world here's bloomberg's sandra kilhof and you begin in malaysia sandra aiding and the world israel has accused iran of crossing a red line after it launched rockets against israeli positions in the golan heights prime minister benjamin netanyahu has called upon the international community to stop iran from gaining a foothold in syria doc over dome iran crossed a red line our response resent accordance with that the military carried out a very extensive strike against iranian targets in syria the iranian action failed no rockets landed in israeli territory iran says the israeli claims our ally iraq hold parliamentary elections tomorrow in the fourth ballots and saddam hussein was ousted there's no clear winner predicted with nearly seven thousand candidates vying for three hundred and twenty nine parliament seats allergy bar is one of the iraqi soldiers who were allowed to cast their votes early in mosul province are very happy with this election all the security forces are present today to cast their vote we as a nation would love to see change especially now we enjoy security and stability and the white house is taking a hands off approach when it comes to artificial intelligence despite growing concerns over the technology beanbags nathan hager reports more than forty companies from a range of industries came to the white house to hear how the trump administration plans to approach artificial intelligence the message they received is they will have the greatest possible latitude to develop a i in the words of white house tech advisor michael kratz ios quote we didn't cut the lines before alexander graham bell made the i telephone call and quote in washington i'm nathan hager bloomberg daybreak europe global news twenty four hours a day on air net take talk on twitter powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries i'm sandra kilhof this is bloomberg francine center thanks so much now we have quite a lot going on today first of all this is what you should be watching for the european commission's shanklin yonker and mario draghi of these will speak in florence the german chancellor angela merkel is due to make an address on how to deal with conflict zones an aggressive regimes and.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Business flash now here's sandra kilhof with more on what's going on around the world good morning markus north korea has reportedly agreed in principle with the united states to end its nuclear programs by twenty twenty that's according to south korea's donna ilbo newspaper citing unidentified intelligence sources it says the north has accepted international atomic energy agency inspections of its nuclear facilities and is discussing verification measures with the us there's a growing risk that a head to head was about to break out in syria hitting israel against iran as often the islamic republic's forces have begun entrenching there after joining the fight to prop up president bashar alassad meanwhile israel receiving a direct threat on it border is subjecting them to an escalating barrage of strikes and something unprecedented has happened in the world of high winds bordeaux is on the out in two thousand seventeen wine produced in the border region of france slipped below fifty percent of saudis total wine auction sales for the first time in the auction houses history it says the change can be attributed to the surging popularity of wines produced in the burgundy region global news twenty four hours a day on aaron at tech talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred and twenty countries i'm sandra kilhof this is bloomberg caroline thank you so much sandra now it is us jobs day in america one hundred ninety two thousand jobs expected to have been added to payrolls in april wages will be a focus given the average hourly earnings in january which jumped hit us stocks are quite sharply and unexpectedly bringing in our guest this morning might lose sullivan cio for a mere at credit suisse ridicules have you on the program michael look i want to talk about jobs in just a moment but focusing first of all on the very choppy trading wheat that we've had over in the us this week what is going on the s and p five hundred is falling below is two hundred day moving average technically that's pretty important is important.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Let's get more now on world and national news headlines for that we go to sandra kilhof sandra good morning matt president emmanuel macron chancellor merkel meet in berlin today to begin work on an agreement for e reforms by june beanbags patrick donahue reports so far the common ground between them appears to be shrinking michael this week sided with her party block on setting tough conditions and forming a european monetary fund as well as other integrative steps those options are on the wishlist of the french leader who has called essential to overhauling the european bloc and berlin patrick donahue bloomberg daybreak europe south african president civil ramaphosa is promising incentives to attract one hundred billion dollars in new investment despite debris to challenges such as corruption and labor unrest ramaphosa told bloomberg in an exclusive interview that if three percent grits target is still attainable well we certainly wanted to happen and we going to make every efforts to make sure that we get close to that i've heard that the imf has now revised their own figures upwards and our treasury has also revised them upwards so i think it is possible meanwhile britain's prime minister's pushing for unity in the commonwealth as theresa may hope today the ground for post brexit trade deals this is leaders from the fifty three countries gathering in london for the first time in two decades we have a tremendous opportunity to chart the future of our commonwealth and to say we have a strength together that no other grouping has we have the ability to be a real force for good in our world and an italian mediator has begun work to resolve the country's political deadlock in exchange for lane has the latest elisabetta kazadi the senate speaker has started her mission as a mediator at the request of president saddam theralac she's talking to the antiestablishment fivestar movement and the parties of a centreright coalition she's to report back on friday if she fails the head of state we'll at least have not want to narrow on the head in rome john wayne bloomberg daybreak europe global news twenty four hours a day on aaron that take talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm sandra kilhof this is bloomberg guy thanks sandra here with.
"sandra kilhof" Discussed on Bloomberg Radio New York
"The market sentiment is it's going to take a heck of a lot more before you sit central bank intervention in this that was in former times does that still hold we've broken the sixty two level more to come on the russian story through programming in the meantime sandra kilhof is in hot seat with global news good morning minus the us has promised a forceful response to an alleged chemical attack in syria this is russia's calling for the organization for the prohibition of chemical weapons to visit the site insisting that moscow and the syrian military were not involved vassily is the russian bachelor to the when russia is being unpardonably threatened tone with which is being done has gone beyond the threshold avoid even during the cold war president trump says us on north korean officials are preparing for summit meeting with kim jong un in late may or early june i think that'd be great respect paid by both parties and hopefully we'll be able to make a deal on the new can of north korea and they've said so we've said so i think it's gonna be a very exciting thing for the world but diplomats negotiated with north korea under previous administrations have sent that pyongyang and washington have two very different definitions of denuclearization the uk hasn't yet put forward an alternative backstop solution for the irish border couldn't do people familiar they told bloomberg that brexit negotiations are making slow progress as voiding customs checks at the at the irish border remains a key issue britain dispute surrounding in the draft brexit treaty that would effectively keep northern ireland in the us customs union and parts of the single market unless the text is agreed in its entirety the eu says it won't allow a brexit transition phase and investors on watching out for a change the world's biggest sovereign wealth fund when we hear from norway's finance minister today bloomberg's michael halter reports should know norway's one trillion dollars sovereign wealth fund be allowed to invest in private equity that's one of the questions that should be answered when the government presents its annual white paper to parliament on tuesday the ruling coalition might also opened up for some unlisted infrastructure ventures after rejecting the idea twice in.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Anisimov on one hundred twenty countries i'm sandra kilhof this is bloomberg marcus much sandra let's get back to our guest this hour callum pickering senior economist at barron bogus still with us in our london studio so callum we're going to get to the bank of england and brexit in just a moment but first the fed because a rate hike is seen as all but a given essentially all on wednesday shifting the focus onto the dot plot goldman sachs expects that it will point towards four rate hikes this year soft jen among those who sees that as a little premature where do you stand in that debate whether or not we might see the dot plot heater essentially i think we'll probably see the dot plots heat up we'll probably see four hikes this year up from three in the last meeting now the critical point is whether or not this will be enough to any as it were dumping us economic growth i don't think that's the case us monetary policy is still very easy fed has a little real funds rate the ball and she is large what we see with that extra hike is just the fed responding to the economic data coming in a little stronger than they had expected before so they'll upgrade the economic forecasts the rising interest rates in the us announce were simply reflects the stronger investment demand and the higher interest rate environment that should go with it as the global cycle picks up so instead of putting the brakes on growth what the fed is doing is simply keeping the us economy on an even kilter fennell is interesting that you say the economy can withstand full rate hikes because the atlanta fed's gdp tracker has actually suggested some fourth quarter softness unexpectedly weak february retail sales data for example and also all that scare about inflation picking up that caused the equity market selloff seems to have kind of come down a little bit also goldman jp morgan cutting the quarter gdp forecast to two percent or less so i've obviously building at one side of the argument here callum but you also wrote a note recently saying that we actually need higher bond yields so do you think this why you think we're going to get full rate hikes because those bond yields need to move higher to sort of protect policy in future i'm just wondering what your reasoning is given.
"sandra kilhof" Discussed on Bloomberg Radio New York
"Business flash now for more on what's going on around the world has bloomberg's sandra kilhof good morning markus turkey preparing for a street by street fight to capture the kurdish hometown afrin in northern syria if victorious a senior official says ankara won't transfer control to the syrian government the entire enclave now largely under turkish forces will instead be run by its local population president trump's decision to replace his foreign secretary has put the iran nuclear agreement at risk diplomats meet today in vienna to review the deal which restricts tehran's nuclear work in exchange for sanctions relief it's the group's law scheduled meeting before trump's decision on may twelfth on whether the us sticks to the accord but according to the international crisis group the deal now hangs by thread and mike pompeo's arrival signals further hardening of washington stance and north korea's foreign minister is in stockholm in what could be a first step toward meeting in sweden between us president donald trump and north korean leader kim yong earn sweden is one of the few western countries to have an embassy in pyongyang and provides consular services for the us and north korea global news twenty four hours a day powered by more than twenty seven hundred journalists and anisimov than one hundred twenty countries i'm sandra kilhof this is bloomberg caroline sandra now the white house is denied a washington post report that trump plans to house hr mcmaster as national security adviser the yen climbed in asian actually slid amid more signs of turmoil in the trump administration joining us in the london studios joe fitzpatrick cio russell investments very good morning to you does personnel turmoil at the white house matter to a tool as an investor i think investors in our belief is that the market can absorb this information more and more so when you see some really pretty shocking news coming through the markets absorbing it and looking more towards underlying fundamentals looking at the likes of say us equity us company earnings which have been quite strong so right now we think the market can withstand this we see us equities in the shortterm having some positive still outlook however the longer term view with us equities being quite expensive recession risk rising and maybe at some stage all this political upheaval will eventually spill over so called blow up that would be a watch point.