19 Burst results for "Sebastian Selleck"

"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 1 year ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"I'm Susanna Palmer from Bloomberg world headquarters as we've been reporting in the U. K. lawmakers have voted for another delay to brexit Bloomberg's Sebastian Selleck has the story from London today was supposed to be a day we found out whether or not parliament supported Boris Johnsons brexit plan but that was you set up by successful amendment to force an extension which passed by three hundred twenty two votes to three hundred and six its sponsor the MP overlap when argue to provide insurance against Britain crushing out without still on October the thirty first speaking off to the right prime minister Boris Johnson said the chance for a meaningful votes had been passed up by the house of Commons in London I'm so busted salik came back right here US and China are working out phase one of a trade deal between the two countries China's top negotiator Leo who made positive comments on trade during a technology conference today the comments come as the US and China work toward getting some sort of agreement ready for president Donald Trump and she gin paying to sign at the Asia Pacific economic cooperation summit next month in Chile it still looks like there will be another rate cut by way of the federal reserve this month that vice chairman Richard clear it off hand remarks yesterday on the final day before the central bank goes into a blackout period before its October twenty ninth and thirtieth meeting salt wants to be happy about in the domestic economy but he cautioned global growth continues to see dis inflationary pressures and that close the outlook for US growth mark Hurd who was chief executive officer of three major technology companies including and most recently oracle has died he was sixty two oracle announced September eleventh that her had begun a leave.

Parliament gathers to consider crucial Brexit vote

Bloomberg Law

00:30 sec | 1 year ago

Parliament gathers to consider crucial Brexit vote

"The UK government could pull the plug on today's crucial vote on Boris Johnsons break the deal Bloomberg Sebastian Selleck has the story from London parliament first Saturday sitting since nineteen eighty two could turn out to be a massive anti climax a U. K. official says the prime minister will not pushes brexit deal to a vote today if a rebel amendment to postpone its legal sign off is past the so called Letwin amendment would force Johnson to seek a brexit extension something he said time and time again he will not

Boris Johnsons Sebastian Selleck Official Prime Minister Johnson UK Bloomberg London U. K.
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 1 year ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"Your brain there's another whistle blower report and another complaint about the conduct of the trump administration Bloomberg's mark mills reports and IRS official has filed a whistle blower complaint reporting that he was told at least one treasury department political appointee attempted to improperly interfere with the annual audit of the president or vice president's tax returns according to The Washington Post citing multiple people familiar with the document company ministration officials dismissed the whistleblowers complained as flimsy because it is based on conversations with other government officials but congressional Democrats were alarmed by the complaint and flag it to a federal judge they are also discussing whether to make it public mark mills Bloomberg daybreak Hong Kong as a vocal o'neill area merges the powers for the first time in more than a half a century to ban face masks for protesters in a bid to quell months of violent unrest the band begins tomorrow the E. U. is giving U. K. prime minister Boris Johnson one week to improve his brexit plans meanwhile support in parliament for his plan is growing Bloomberg Sebastian Selleck is in London all eyes are on the calendar now European leaders have had time to think about the new U. K. proposals and the theme is good but no when it good enough there's gonna be a whirlwind week of diplomacy to see if there is a way of bringing London and Brussels closer on this what may impress Europe is the numbers in parliament to beginning to stock up in Boris Johnsons favor I'd like to reason that he could possibly get backing for his tail but time is short to discuss this course will today start hearing a case to ensure the prime minister is forced to us for a further brexit delay if all this fails and in no deal brexit looms on October the thirty first in London I'm so busted sonic bring back daybreak global news twenty four hours a day on a on a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts to more than a hundred twenty countries on Michael bar this is Bloomberg thank you Michael five.

Sebastian Selleck Brussels U. K. treasury department IRS mark mills Michael Twitter Boris Johnsons Europe London Bloomberg Boris Johnson prime minister E. U. Hong Kong The Washington Post vice president president
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

04:29 min | 2 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"Let's continue with the latest business news. I'm joined by Sebastian Selleck from Bloomberg's Sebastian apple is rallying after the company has outlined life beyond iphones. Yes. So we got some bad news. First the first holiday quarter sales decline since two thousand one revenue from the iphone tumbling by fifty percent. Fifteen percent. I should say. But the good news comes from every are us because for a long time. The question is being can apple diversify beyond this? They've got two thirds of their revenue from this device for such a long time. And as demand has dropped Kenan. Look elsewhere to continue this meteoric growth we've seen from the company. So we heard from Tim cook from CFO, Luca Maestri, and they were talking about the services business and sales of other devices so from services, we're talking about the likes of Apple Pay apple music that pointing to increase usage there MAC revenue growth nine percent ipod sales timing seventeen percent. The wearables business. This is interesting because this is one that was long touted as a successor. The apple watch the airports that surge by fifty percent five zero. And so there really are having success in these other areas another thing that they alluded to which is quite interesting is apples Faure into more original video content. Which is of course, something that net. Flicks is re dominating moment. Amazon is in that game as well. So it sounds like that arenas going to hot up to interesting times. You also have some news for us regarding the luxury sector. Yeah. So we had earnings from LVMH today. There are pretty good. But where the real bright spot came was from China. And this is something that contrast with apple that has previously warned about slowing demand in China. I it comes from the fact th the grave will luxury industry is really relying on the country's wealthy to drive its growth account for about third of the trillion dollar global high end market, and you saw China's economy growing last year at the slowest pace it's nine hundred ninety s about response. Fear into these sex is that rely on these consumers so much. So so quarterly earnings showing continue demands for lakes of handbags Hennessy cognac, and they also gave a bullish outlook say they see a positive future ahead as well in the country. So just the latest evidence that the boom in China is continuing in some respects. And so that's filtered out. It's it's helped caring which owns Gucci Ferragamo. So all of his European rivals. Also getting lifted today, given this signal given this bellwether things are looking good in particularly strong demand for wines and spirits in China, Broussais fashion and leather goods they were the standout with sales gains of seventeen percent. Thank you very much. That was Bloomberg's Sebastian Selleck. It's almost ten minutes past the hour. You're listening to the briefing. Now here is what else is making news today. Venezuela's Supreme Court has bent the country supposition leader who aren't Guido from leaving the country Mr. Guido declared himself interim president last week. He has been a buck to by the US, but President Nicolas Maduro has so far refused to see to power as we were hearing little earlier in the program, the world's five official. Nuclear powers are meeting in Beijing today to discuss nuclear disarmament delegates from the US and Russia are likely to discuss Moscow's alleged breach of a major nuclear treaty. And today's monocle Muniz reports that Hong Kong's avenue of stars is getting a welcome facelift Norse only us three before being banned until further notice but the tourist trap, which is modelled on Hollywood's walk of fame will be redesigned by top architecture firm. This is the briefing on monocle twenty four. The European Union assists that it isn't prepared to reopen bricks negotiations with the UK's government. It follows a number of votes in the house of Commons on Theresa May's exit strategy. Let's get more on this with Ryan heath who is Politico's editor is based in Brussels and joins me now on the line. So Ryan now after last night's votes, British Prime minister maze once again, insisting on fresh talks with the European Union to renegotiate part of the Brexit deal wall sees the view from Brussels to that it was a very rapid response. Six minutes took actually for Donald Trump's career, hang council president to say, absolutely no way..

China apple Sebastian Selleck Sebastian apple Bloomberg Mr. Guido European Union Ryan heath Kenan LVMH Brussels Donald Trump President Nicolas Maduro Amazon Gucci Ferragamo Theresa May Politico Hennessy cognac Faure
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

04:37 min | 2 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"And it's seven minutes past twelve. Let's get the business news now, I'm joined on the mind by Sebastian Selleck from Bloomberg Sebastian China's car sales falling for the first time. We know that twenty years. Yeah. That's right. More pain predicted in two thousand nineteen as well said NFL by six percent to twenty two point seven million units. Last year. There are a lot of factors here that trade ward slump in Chinese stocks. That's putting off buys a mainland consumers in general tightening. That bouts we hide from apple this month cutting their revenue outlook, and they pointed to China's well, the sledding iphone demand there, but the car industry getting particularly hard hit one of the factors is the popularity of ri- ride hailing services people hoping in the equivalent of ood Yuba and not buying. 'cause instead, but what's happening is that the Chinese government is sickening. It's looking stimulus measures. So they try and encourage consumers to buy more. 'cause and this is playing very well. Into the auto set to we saw a lot of big Chinese names like g great will motor and Guangzhou oedema bail Iraq saying in the Chinese session and ask Harry through into the European session. The comic is the best performing sector on the benchmark stocks. He's hundred of of European stocks today. So it's something that's really being felt around the globe. And some good news on the horizon. It seems for UK retailers yet. It'd be a little concerned around them in the Christmas period before that as well, plenty of profit warnings most nice, it'd be one from a sauce behind from sports de rights. I really dragging down the industry phase about the Brexit full out in the UK shaky Cosima confidence online competition the Amazon effects, and and the like, but we've had a few today we had from Greg's the the sandwich shop sausage Rochon. If you like Ted bake majestic wine all of the meeting with a positive response analyst less excited by Sainsbury's the supermarkets over their holiday report. But even. Mother which sells proms and baby stuff debated praise. So generally pets picture a NAS week that expected numbers from next clothing retailer. So things really song to look a little bit more positive head tomorrow, we hear from Tesco and for marks and Spencer a big plays in the food and clothing spaces. So we'll have to see if that continues. But today the retail stocks are enjoying a bit of Breda. Well in a Greg's that just released that vegan sausage roll who knew people could get so excited about a vegan sausage roll. We'll Sebastian we'll have to leave it there. I'm afraid Sebastian Celica Bloomberg. You're listening to the briefing. And eat is at just about the hit ten minutes past twelve here on the briefing adjust yesterday on this program. We spoke about how is yellow vest. Protest movement is finding new support from Italy's populist. Politicians much to the annoyance of the French president Emmanuel Macron now as another sign of worsening relations between run and Paris easily is refusing to lend a FRANZ aunt works. Full a Leonardo Davinci exhibition you to take place at the Liuw. Joining me now with more is monocle Kiara Ramallah Kiara, the director of the Uffizi galleries in Florence pointed out that the Luth doesn't lend the Mona Lisa ever. It's part of their own going policy longstanding policy a fair point at all perhaps. Obviously there there is reasons to believe the if it's a direct when he says loaning, the three outlets at the Uffizi would have to learn to. The this exhibition would be quite dangerous inasmuch as these works. I've really French oil, and therefore these loans on necessarily always recommended, but obviously the comments that actually Indian send your comments come from the political spectrum. And I think that's why we need to find a symbolism of this story much of what was made of this story comes from the comments made by ministry of culture with who belongs to the leg party. Who said that you know, they nodded was talian and therefore Italy OSA has a right to on its own exhibitions, Barry mind that this exhibition that the louvers planning is to Mark the five hundred on us three of Leonardo's death which happened in France. Because Leonardo was in some way note by fell out of favor and into the NFL found favor in French courts that there is a point to to FRANZ mocking his death. Often can get quite political. We hear lots of stories about artworks having been kept in foreign countries for too long in that country cooling for it to be returned to its what they would call its rightful hind..

Bloomberg Sebastian China NFL Leonardo UK Greg Harry Sebastian Selleck Sebastian Celica Bloomberg Kiara Ramallah Kiara Sebastian Uffizi Chinese government Leonardo Davinci Guangzhou Tesco apple Iraq
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

04:16 min | 2 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"So it's all very complicated. But the bottom line is that Flynn was not honest with the F B I about this. He didn't register for the work. He was doing with Turkey about this. And so the judge really didn't pull any punches when it came to this. And I and I think it's a moment for us older to stand back and realize how amazing it is that someone who is the national security adviser an office previously held by such figures Susan Rice as Condoleeza Condoleeza Rice as well was engaged in such wrongdoing. It's really quite striking. Jeffrey, let's turn our attention to how all of this might be being received. But some of those people in Trump's all, but one of the president's favorite people, folks news legal pundit, Janine Pirro. She had earlier described judge Emmet Sullivan as a jurist unafraid of the swamp. A judge who has a track record of calling out prosecutorial misconduct. A man who does not hold right injustice all abuse of power. Well, one would suspect that the tide has turned episodes slightly on Janin's predictions of how all of this might turn out. How would you think that a Trump's media friends will be feeling about all of this today? Well, I think that Trump himself made a made a comment where he wished good luck to General Michael Flynn over Twitter. He suggested that there was been enormous pressure put on him. And so Trump is working very hard to spin the narrative that. Flynn has been essentially forced to do this by the FBI. The phrase entrapment has been used in relation with the with the Flynn case in all of this is just a smokescreen for what's actually happened Flynn realizes he was in legal hot water. He realizes he committed crimes, and so he pled guilty to the FBI accordingly. And I think Trump is basically laying the groundwork for his supporters to be able to say well Flynn may be pleading guilty, but that's only because the FBI has put a lot of pressure on them. And so don't blame Flynn blame the FBI for going after him and for being deeply unfair and deeply unreasonable. And I think that will probably play out in the in the Trump supporting media, we'll see the idea that oh this poor Michael Flynn is basically been badgered into saying a bunch of stuff, and it connects to something that Trump's been doing for a while now, which is taking up a kind of mafioso style in his rhetoric toward the FBI investigations referring to his former lawyer and fixer Michael Cohen as a rat for negotiating with the or for giving information to to Robert Muller in the southern district of New York, which is also investigating Trump's presidency and the Trump transition and the Trump campaign, I think Trump's undertaking quite concerted effort here to ensure that his supporters stay with him stay supportive of him. As we move deeper and deeper into what seemed to be quite challenging legal waters for this president and those close to him to be continued as Geoffrey Howe. Thank you very much for joining us here on the briefing. It's eight minutes past twelve here in London time for the latest business news now, I'm joined on the line. By Sebastian Selleck from Bloomberg Sebastian bit of a retail downturns weeping across Europe at the moment. It's claimed another victim today. It has its economy, which is a German consumer electronics retailer the biggest in Europe in fat, which is now Cussing dividend. It's warning the earnings are going to decline for another year and the CFO who's walked out the door. He's gonna go to the end of this month. So the stock absolutely tanking today down as much as sixteen percent hits around fourteen percent now but still a record low and they're talking about operating prophet declining. Again, had a nineteen percent slump in the past fiscal year. Love this is competition from Amazon, although online is if she's saying consumer electronics. This is so stuff that you get much more cheaply online than buying in store, and they didn't get the sort of discounts the volume discounts from supplies that hoped to this analyst research this coming. Out with this. So that taking hit on both some line is a result of that. And is being terrible year. Really shares lost almost three quarters of their value. They've cut their outlook three times already. So bad. News has been very much of the agenda throughout twenty thousand force economy..

Trump Michael Flynn FBI Europe Turkey president Condoleeza Condoleeza Rice Susan Rice Janine Pirro Emmet Sullivan Janin Sebastian Selleck Jeffrey Geoffrey Howe Twitter Amazon
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:09 min | 2 years ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"Sector, ETF US stock index futures are little changed the higher while stocks in Europe are lower. It is five oh one on Wall Street, and we check the markets every fifteen minutes throughout the trading day on Bloomberg s&p futures up a boy Dow futures up eight NASDAQ futures three and a half the Dax in Germany's down seven tenths percent. Cac in Paris down three tenths percent footsie one hundred little changed. Nikkei two twenty five in Japan jumped one and a third percent. The Hang Seng in Hong Kong up a quarter percent ten year treasury up to thirty seconds yell. Three point four percent. Yield on the two year. Two point eight one percent. Nymex crude oil up about two tenths percent or eleven cents to seventy two twenty two a barrel. Comex gold little change at eleven eighty seven twenty an ounce. The euro. Adelar sixteen fifteen. The yen one thirteen point five one Bob we begin with shares of tesla plunging more than ten percent in early trading after the securities and Exchange Commission said it's suing CEO Elon Musk for his August tweet about taking the company private limited. John Tucker joins us live with details. Now. Good morning, John. Good morning to you. Bob, SEC waas musk out it will request that a judge bar boss from serving as an officer or director of a public company, so musk misled investors by claiming he had lined up funding to take tesla. Private and had investors support steep Pekinese with the SEC's division of enforcement. According to the complaint Musk's tweets were false and misleading. For example, is tweets that funding was secured. And then investor support is confirmed. Simply not true. He had neither secured a commitment from any source to provide funding for transaction, nor confirmed investors support the. Commission says boss was impart seeking to amuse his girlfriend the pop singer Grimes by weaving in marijuana culture. Reference to go private bid, you said a bio price of four hundred twenty dollars number that's code for marijuana consumption for investors. This all raises. The question is the value of tesla. Locked up with its visionary, founder are or the company's ability to make cars, John Tucker. Bloomberg daybreak. Karen? All right. John. Thank you and well questions surface about Musk's future. Tesla's CEO shows. No sign of stepping down. Bloomberg's David mccombs reports when the SEC comes forth with something like this. You would think that someone would be pushed out rather quickly could even resign in order to spare the company of further turmoil. But that's not the Wall Street Journal is now reporting that the SEC brought this action after a settlement that they had offered was rejected by mask. So they were willing to make a deal. Apparently, if the report is true in musk said, no that's a sign that he probably plans on sticking around. And he's betting that he's going to survive this and go on to lead this company. This could be stretching out for months and months and months again, shares of tesla this morning are down about ten percent in early trading in Italy, stocks and bonds are tumbling after the Italian government set next year's budget deficit target whiter than expected. Bloomberg's Sebastian Selleck is in London with the latest and joins us live. Good morning Sebastian. Good morning, Bob. And Karen will the government announced the projection of two point four percents. The full the numbers were unveiled some analysts had set a target of two percents was the threshold for whether the nation's sovereign bonds would rise or fall and markets facing a deficit targets of around one point nine percent of GDP before much yesterday that there were last-minute disputes among leaders. Now, the decision has seen the ten year touting yield search the most sincerity June and stocks in the country affording the most since January dragging down the whitest stock six hundred live from London. I'm Sebastian sonic, bring back daybreak Sebastien. Thank you as trade tensions between the US and China simmer. The World Trade Organization is cutting its trade or it's outlook rather for global commerce. Bloomberg's Ed Baxter has that story. The WTO is warning that tension between major global trading partners is threatening economic growth. It says it will slow to three point nine percent this year and three point seven next that's down from four point seven percent in two thousand seventeen as well as his monetary policy tightening. And. Associated financial volatility could also destabilize trade and output in San Francisco, I'm Ed Baxter. Bloomberg daybreak. Ed. Thank you. And leading indicators for China's economy show growth continuing to slow in September, the data suggests the trade war was weighing on economic activity, even before the latest round of US tariffs, which took effect this week. That's according to gauge from Bloomberg economics. It includes the earliest available indicators on business, conditions and market sentiment in Japan Industrial production expanded in August for the first time in four months in retail sales, accelerated at a faster than expected pace the data suggests the Japanese economy remains healthy despite a likely hit two overall growth in the current quarter due to extreme weather and earthquake that data helps stocks in Asia, finish the week higher with Japan's Nikkei closing at the highest level since January. Bloomberg Juliet Sally has details from Singapore. The yen slide to the weakest level this year help stike Japanese shares while China shop. Has listed in Hong Kong turned positive for the quarter. As comic has rise Chinese stocks listed on the mainland gain traction ahead of a week long holiday. So Korean equities underperformed, but the one headed for quarterly advanced as inflows into South Korean stocks and bonds helped outweigh the stronger dollar and hide US yields the cost of the corner. Asian shares lost around half of one percent outperforming the June quotas near four percent drop in Singapore. Juliet Sally, Bloomberg daybreak. Juliette? Thank you as we head into the last trading day of the third quarter, the S and P five hundred is up seven percent. So far the Dow is gained nearly nine percent and a quarter. The NASDAQ up seven percent and oil is set for its fifth straight quarterly gain straight ahead. We have the latest world and national news. This is Bloomberg. Thank you. Karen now five oh seven on Wall Street where does the Cavanaugh nominations? Go from Bloomberg's Michael Barr.

Bloomberg CEO Elon Musk tesla John Tucker Bob Karen US SEC Hong Kong China Ed Baxter Japan Europe Hang Seng Wall Street Journal Nikkei World Trade Organization Germany marijuana
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

04:08 min | 3 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"It's eleven minutes past twelve here in London time for the latest business news. Now I'm joined on the line by Sebastian Selleck from Bloomberg Sebastian h. and m. shares on the rise, the most since two thousand and two, it seems. That's why we had a earnings out from the company today, sales growth, taking the on this by surprise as was much better than forecast and boosting optimism that the chain may have turned a corner. There were offering discounts throughout this period to clear our inventory record levels of unsold clothing as being a big problem for the company. And those are go to boost from the weaker krona in Sweden, which has been declining in the run up to the election that we had last week in the country. But remember still many of these shares are are shorted, which means that they're held with the expectation that the stock was going to go down. This is according to market securities data, which makes the stock very vulnerable Sunday called a short squeeze. And that's when a little bit of good news. Guess all these shorts sell scrambling to buy the stock to close their positions because they have to be able to return their shares to be up to finish. That trait. We also had a report from the man on Sunday. The UK newspaper. The chairman has talked with banks about a debt package to take the firm private take off the stock market, not cited unidentified people close to the situation. Although he's repeatedly denied that he's a Abayat officer by us offer. I should say he made sure pitches over the past year that sparks that sort of speculation on the good results from formation, 'em arbiter of Aurora vessel really because we had bad results from Zara in detects. I should say the owner of Zara last week which reported its weakest six months sales growth in four years. They were talking about an unusually warm summer, which people staying away from stools, ongoing for lower priced garments like tank tops and shorts. Not that traditional fair and Elon Musk, saying tesla is moving from one hill to another. He's just in another bad mood. It seems. Yeah, he's talking about getting from production Hal to delivery logistics house for a long time. The issue around tesla has been able to create these calls on the scale which he has has sold them. We'll have these preordained. Oton. Now the other issue is getting into the customers. This comes off to a woman on on Twitter, contacted him to say that her new tesla had been delayed. Again, it'd been postponed indefinitely this time after three early delays. She said there were forty two Tesla's deponent's Lake City, and one of them was hers and he was apologizing to her and it just highlights how the company is struggling. As you have the bigger more stoppage German car rivals, preparing their electric lineup, eagle Audi, expected to unveil today. It's each on crossover that's gonna hit showrooms later this year and Mercedes-Benz earlier in the month, revealing its own electric offering ambient w, of course, as well showing its its model that was yesterday. So plenty of competition from the more established players really putting on the pressure, four tesla, Elon Musk as he needs to both build these things and get into the hands of customers. Sebastian Celica. Bloomberg, thank you for joining us. Now, a look at some of the other stories we're watching today. Typhoon monkhood has arrived in southern China after killing dozens in the Philippines. It's the most powerful storm to hit the region in decades. Storm damage has crippled Hong Kong, and two people have been killed in Guangdong province from which two point five million people have been evacuated in the United States an entire city. North Carolina has been cut off by floodwaters caused by storm. Florence boats have been used to rescue people stranded in Wilmington coastal city on a peninsula between the Cape fear river and the Atlantic Ocean, at least seventeen people have been killed by the storm. So farm and a woman who had anonymously accused at President. Trump's latest supreme court. Nominee of sexual misconduct has gone public with her allegations, Christine blazey. Ford told the Washington Post that as teenagers Brad Kavanagh, drunkenly paint her to a bed groped her and tried to remove her clothing. Covenant has denied. Her claims. You're listening to the briefing on Monaco twenty four. It's a quarter past the hour here on Monaco twenty four. Now here in the UK the voices calling for a second referendum on Britain's membership in the European Union seemed to be getting stronger..

Elon Musk tesla officer Tesla Bloomberg Sebastian Selleck UK Christine blazey Zara London Sebastian h. Sebastian Celica Sweden Hal Mercedes-Benz Audi Twitter European Union Washington Post
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

02:41 min | 3 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"Let's get the latest business news now joined by Sebastian, select from Bloomberg good afternoon to you, Sebastian. Let's look, South African rand is dropping after the country entered recession. What's the latest you're? That's right. Ronda to yellow touching it to you low in the current session, South Africa in recession for the first time in almost ten years, we, especially the finance minister inclined con at air on today. He's saying that this contraction, the second quarter was unexpected, and it's because of a slump in farming output compared to the previous quarter says, it's normalization after strong growth agriculture in two thousand seventeen point to growth in other areas of economy like mining, and he says that's exposed to continue. And the also. Brighter note on the week around. He says that that would help to boost exports, which we currency. So often do the government not putting finishing touches on a package of structural reforms to help to revive the economy. Nanny saying that that's going to be presented to cabinet next week announced in the mid-term budget, which is on October the twenty fourth, an amongst this is going to be an announcement about the allocation of spectrum spectrum to mobile phone operators. And that's something that Nichols in South Africa watching closely. Indeed. Now something else that captures the global attention and it's understandable. It's a good headline. Is this trillion dollar club? See, we've seen apple. Amazon has joined the club for so long. It seemed elusive. Now there's two occupants. Is this just the headline Sebastian, I dunno, it's interesting nonetheless. I think it really shows is how for a long time, these companies were raising lots of money to do things that were very far in the future, and we're starting to see fruition of that through Amazon. You know back in two thousand six. Or started building our arms and web services, which is now a real growth engine. And this is where the investors are becoming convinced. Now that the the these plans have some some legs because a lot of these companies don't have ups, they come with big ideas, but they don't necessarily have the output straight. So you'll betting on the company's value in the future. And I think that is really being shown. Now this loan thinking paying off that may was which has persons paying quite literally. It's worth remembering though the Amazon and apple, not the first companies do this. We had Petra, China way back in two thousand and seven. The Chinese energy company hitting the trillion dollar Mark that slipped as oil prices collapsed and Amazon as well. It only touched it in the session yesterday has dipped below that since they wear it picks up today remains to be seen, but this is, as you say, it's it's a good headline, but there are underlying trend's here that really do need to be knighted. Indeed, we'll keep a close eye on that valuation as western get to speak with you as always that with Sebastian Selleck from blue. Numba joining us here on the briefing..

Sebastian Selleck Amazon South Africa apple Bloomberg Ronda finance minister Nanny Petra Nichols China trillion dollar ten years
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

02:36 min | 3 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"Have, if you put your savings into Aston Martin, which of course you can't do Coney as a public invested in the private minister's who have done the car maker stuff isn't going to be raising any funds. This is really need to pay off its its existing investors. What's interesting about it is the timing is just months before the UK leaves the EU. You've got the post Brexit automative industry, one of the sectors most exposed to potential trade hurdles, but the company says Brexit wasn't a big. Factor in the IPO calculations, the chief financial officer, Mark Wilson saying that he says Brexit is simply a speed bump in the road, throwing his own puns in there and asked the Martin has existed for one hundred five years. And he says it seen a hell of a lot hop evil in that time. So confident about the potential risks head. Good stuff we'll have. They'll even punch few Sebastian. We need those two, though. Yes. Let's talk about some interesting bets against the biggest tech stocks. It was interesting to look at market moves at this character and some of these surging. Yeah, and there's some absolute most as we're talking about Facebook, apple, Amazon, Netflix school, known as the fangs stocks, unsure positions against them. This is when you bet the the price of a stock is going to go down surging. They're such by more than forty percent in the past year investors short in about thirty, seven billion dollars worth of these stocks in the group and of the Amazon. These the way with almost ten billion in short interest. And this happens as investors pile into the stocks. They continue to breach new requisite US stocks in general hitting new highs, and these stocks make up a big part of. That which begs the question, why and and really the the mantra here is the greater the rise, the greater the full. This is the bet these guys are making the being privy censorship concerns. Of course, especially on Facebook, but around other companies as well. Facebook warning in July that sales growth is going to continue to slow throughout the rest of the an Amazon as it's had such long term success. And the bet here is that that would continue and the Twitter you've had attacks from tax from Trump on Amazon. And of course Twitter coming under fire as well, just very recently. So plenty of piecemeal reach reasons here as they put a lot of money on this bed that these stocks are not going to continue with their success. Interesting stuff. Thanks about you. And that was a friend, Sebastian Selleck from Bloomberg joining us here on the briefing. Now in the not too distant past Serbia and Kosovo would have over certainly have come to blows if either of them mentioned rejoined the lines of their mutual border reports suggest the country's leaders have been a bit more grownup of late and have held preliminary talks on settling the issue once and for all Markle's mound in the Balkans guide loan, he's on hands to explain more afternoon guy gets good to check in with you..

Amazon Facebook Aston Martin Sebastian Selleck Brexit US Twitter Brexit automative industry EU Coney Markle chief financial officer UK Mark Wilson Serbia Netflix Bloomberg apple Trump Kosovo
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:17 min | 3 years ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"Response will likely include nontariff actions that could include more esoteric barriers to us business in china like tighter regulation or restrictions on licensing earlier china had issued a much more tempered response saying they go we go hi now it feels a little bit more like well game on in on kong i'm bryan curtis bloomberg daybreak brian thank you equities in china and hong kong sold off in the wake of the latest shots on trade and bloomberg's julie at sally has the details from our singapore bureau karen the shanghai composite slipped further into bear market territory while the csi three hundred closed down one point seven percent as stokes from bedsheet makers to a power good sellers to air conditioning manufacturers were sold off copper nickel and zinc futures also slumped while the chinese yuan fell point four of one percent against the dollar in both the on and offshore markets the japanese yen remarkably held quite steady at one hundred eleven to the delivering asian trade but japanese stocks were hit hard the nikkei closing down one one point two percent in tokyo to twenty one thousand nine hundred thirty two points in singapore juliet solly bloomberg daybreak truly thank you the esscalation on trade has spurred advances in the dollar and treasuries while you was futures and european stocks had sharply lower marvin lo is senior global market strategist for being why mellon the whole situation with china the us is very critical particularly for china i believe the situations get worse trump is not going to give in emerging market stocks and currencies are also declining this morning mark mobias go founder of moebius capital partners says we are now in uncharted waters equities are by no means chief so they will be one of the first asset classes to feel this if we start to get a more significant risk off move let's say treasure you'll starting to collapse and messages that might be associated with that i think we start to worry that this might domino so far the trade wars hitting chinese talks harder than us equities here's in china have entered a bear market while the sp five hundred is within about three percent of a record high well trained sparks china for layer president trump is in brussels today for nato's annual summit bloomberg's and marie horner and joins us live from nato headquarters in brussels with the latest good morning ed murray good morning karen and bob here while nato meetings have been historically pretty ritual this year's is already proving to be contentious before president donald trump met with nato's secretary general this morning he attacked germany he said it's very sad when germany makes a massive oil and gas deal with russia where we're supposed to be guarding against russia this place to trump's call for nato members to spend more undefended he ready sent his counterparts letters now he's here in brussels in person calling for every country to spend at least two percent of gdp defense this agreement was struck into doesn't fourteen and they have countries until two thousand twenty four they're expected to reach that but the only countries currently doing it right now besides the united states are the uk greece estonia and poland president trump has also been linking us spending europe's defense with america's trade deficit with europe europe and michael dash director of international security center university notre dame says the two are apples and oranges but that hasn't stopped the president from emerging grievances together especially on his twitter account live from nato headquarters in brussels ann marie hordern bloomberg daybreak emory thank you when when those meetings with nato leaders conclude president trump travels to the uk to meet theresa may is visit comes at a time when tory rebels are considering a last ditch effort to stop the prime minister's plan for soft brexit bloomberg's sebastian selleck is live in london with the latest good morning sebastian good morning karen will senior tories have hopefully you're a skeptics who wants a more decisive split from the eu have only one choice left to vote down the final withdrawal agreement when it comes to parliament for preval if they succeed there's no second what could follow in the aftermath uk would be on cost to crash out to the eu without an overall agreement that could force bay from power or trigger an election in to win cross party backing we've seen as team beginning briefing the main opposition labor party us in the hope of being able to persuade them to support her plans but it's only fueling the infighting among the conservatives in.

china two percent seven percent three percent one percent
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

02:37 min | 3 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"It is twelve eight here in london listen now continue with the latest business news i'm joined by sebastian selleck from bloomberg sebastian welcome to the program again let's dodd we've some news from the smartphone sector jami going public today they make phones over in china in maine of here the main monkeys they operate in china the home market and india as well but the first day of trading today source shares slide as much as six percent in hong kong it's got a market value of about fifty billion dollars which is big but it's a far cry from the hundred billion that was talented last year there's been a lot of measuring and reassessing of expectations throughout the whole ipo process the sox finished one point two percent lower that's the worst first day performance for hong kong rpo of a company that's worth more than a billion dollars since twenty fifteen ed's really failing to convince investors capable of shedding this reliance on cheap phones and becoming an internet giant which is where it sound bishen lie in fact it argued that it was an internet services company to price it self earnings multiples higher than a lot of established tech giant's the likes of apple ten cents and facebook but the whole journey has suffered a lot of setbacks he had to scrape his parents to sell shares in china because of technical issues there and of course the onset of trade tensions as well adding that pressure so slight disappointment here to what could it be a really big ipo but wasn't fat a quite big up next some news from the automobile sector nissan has reported misconduct in emissions tests what does that mean exactly yes another incident all of this in what's wide ranging scandal we've seen it for many automakers this was an internal check that found the employees had been falsified exhaust emissions and fuel economy data at five local factories that been finding inspection reports based on altered measurements so not entirely honest with test that they've been doing is the latest in a string of scandals that you've had mitsubishi subaru just in japan that's read dented the reputation of that country's manufacturing sector of course they're all rose to prominence with vw a couple of years ago and that was where things really hit off so nissan last year had to recall about one point two million of his vehicles in a previous incident the ceo a many others in the company taking a pay cut at that point they cut their profit forecasts they halted vehicle registrations so big repercussion from that incident so this is now surfacing again you had the stock dropping by four point six percents in tokyo that was the largest drop since november of two thousand sixteen thank you for this update is a bus that was bloomberg's the best yourself like anti you're listening to the briefing.

tokyo vw subaru facebook dodd bloomberg sebastian london bloomberg sebastian selleck ceo japan mitsubishi nissan sox hong kong india maine china
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:43 min | 3 years ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"The european equity market session is developing into a positive one us features suggest the us equity markets may go higher by between three and four tenths of a percent at the sound of trade the fifty one hundred is up by just give a percent but stop six hundred up half a percent wellsupported it seems by the cat carols and some of the more peripheral markets the pits and the ibex doing better this morning in terms of the stock specifics is the mining sector's doing particularly well the moves in copper prices that we've seen copper trading up by one point eight percent on the la that is helping to lift some of the mining stocks in particular antifa sta and cows minerals and other companies that are exposed to copper prices doing well mother catch rates download by eight points six percent in individual corporate news everyone's klm trades higher by seven and a half percents that's on the back of traffic towns and other news this morning in the auto space we've got reynaud trading down on the back of that nissan scandal so down by one point seven percents leaving the equities let's look at some of the other markets the dollar index is down by two tenths of upset dollar weakness a real theme of this morning's training session and perhaps giving a little more positively to emerging markets and allowing em equity markets to go a little higher in the asian session we're three week low on the dollar index we've close to that positive jobs report number more than two hundred thousand jobs being created that was friday story opposing that impact surging global equity markets and we see that surge surging global equity markets continuing in this morning session in europe and the asian session of course are one point eight percent on the asiapacific that's a bloomberg business flash now marcus carlson he's got all of the latest good morning japan's prime minister has council of trip overseas offer at least one hundred people died from heavy rain floods and mudslides it happened in the west of the country over the weekend dozens of others are unaccounted for twenty four people have died and more than three hundred are injured after train derailed and turkey it happened in the northwest of the country last night while the service was heading towards istanbul five to six carriages came off the tracks and president trump has a will announce rather his choice for the vacant supreme court seats tonight bloomberg's learn that appeals court judge thomas hardiman is a strong contender hardiman was runner up a year ago when the president selected neal gorsuch global news twenty four hours a day on aaron take talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm markus karlsson this is bloomberg guy thank you marcus full forty nine am in the big apple bob moon and the rest of the team getting ready for daybreak out of new york let's find out what's going on good morning good morning guy global stocks gain as investors set aside concerns over trade tensions but they are still very much alive a republican senator from iowa is sounding the alarm on the impact levies will have on america's farmers and we'll bring you the comments of joni ernst theresa may faces a crisis over brexit after a key cabinet member quits bloomberg sebastian selleck is following that story for us shares of xiaomei decline in their hong kong debut bloomberg's stephen engle is there and we'll have details and nissan stock tumbles in tokyo on reports it falsified inspection data we'll have that story for you and i half our simon french chief economist for penn moore gordon is to join us please join my colleague karen moskow and me for bloomberg daybreak right here on bloomberg radio in the us sky bow thank you very much indeed.

us eight percent twenty four hours six percent three week
Indonesia ends search for ferry victims, Germany's migrant deal, and other news in pictures

Bloomberg Daybreak: Europe

04:27 min | 3 years ago

Indonesia ends search for ferry victims, Germany's migrant deal, and other news in pictures

"Today european shares and us futures rising following that mixed asian session all eyes were on the one today the euro strengthening is germany's coalition government dodged a crisis over my gration telecom companies leading an advance in the stock six hundred today futures on the s and p five hundred the dow the nasdaq all pointing to a firm open minor glencore heading for the biggest decline in two years something i'll come to hong kong stocks slumping as the city returned from a holiday em says pairing some of that declines as the people's bank of china governor eat gang said the country aimed to keep its currency at a stable and reasonable level that helped the u honore's earlier losses is developing nation currencies overall edge tie today turkey's lira plunging after inflation data dollar falling versus major payers treasury steady the swedish krona advancing as the country's central bank sticking to its plan to start lifting interest rates while the global trade spat between the world's biggest economies appears to be worsening investors will take some chair from that pbs pledged to keep the stable that'll city looking two minutes from the fed jobs data later in the week to provide a welcome distraction from protectionist risks off to the country celebrates its independence day stock where keeping an eye on today is glenn called the biggest percentage decline on the stock six hundred shares of sunk a massive twelve percent biggest drop since march two thousand and sixteen the big news coming out of glencore is essentially it's african troubles are escalating dramatically that's after us authorities demanded documents relating to possible corruption and money laundering the world's biggest commodity trader says it's been subpoenaed by the us department of justice to produce documents with respect to compliance with the foreign corrupt practices act and united states money laundering statutes they relate to the company's business in nigeria the democratic republic of congo and venezuela from two thousand seven to the present that's a bloomberg business flash here's markus karlsson with more on what's going on around the world mark twelve boys and their football coach trapped in a cave and thailand 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 rescues are now battling rising water levels to bring more supplies to the group with tirtha saying that they may need food for at least the next four months the most senior roman catholic clerics will be to be convicted of covering up child sex abuse has been sentenced to twelve months detention australian archbishop philip wilson has been found guilty of failing to tell the police about the repeated abuse of to alter boys by a priest in the nineteen seventy s and disgraced movie producer harvey weinstein has been indicted on new sexual assault claims according to manhattan district attorney facing charges of sexually assaulting three women weinstein could be convicted of a minimum ten years in prison and a maximum sentence of life imprisonment his attorney benjamin bronfman has said weinstein will plead not guilty global news twenty four hours a day on naronha take talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm chris carlson this is bloomberg markets thanks coming up next our colleagues in the us getting ready for bloomberg daybreak in new york let's check in with bob morning bob the people's bank of china pledges you want stability and china's currency stems losses we'll have the very latest chinese telecom carrier meantime is the latest target of the trump administration which is moving to block the state back company from entering the us telecommunications market citing national security concerns jealous subject we'll have the story from the bloomberg ninety nine one newsroom in washington shares of glencore plunge after a us subpoena over possible money laundering bloomberg sebastian selleck we'll have details in london societe generale requires the commodities and equity units of commerce bank we'll get the story from bloomberg's danny burger and we're set to talk live and our first half hour to kelham pickering berenberg senior economist he's doing my colleague karen moskow and me for bloomberg daybreak right here on bloomberg radio.

Germany Twenty Four Hours Twelve Percent Twelve Months Four Months Two Minutes Nine Days Ten Years Two Years
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:58 min | 3 years ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"For more information distributor foreside funds services llc bob the stock declines continue in china with the shanghai composite index closing at its lowest level since march of two thousand sixteen we recap from bloomberg's sophie kamarudin in hong kong bobbin karen the sell off continued in chinese markets this thursday testing policymakers in durance shanghai shares fell deeper into a bear market as a benchmark dropped below twenty eight hundred points for the first time in two years chinese banks and real estate players continue to be hard hit especially with authorities ramping up the crackdown on property speculation on the mainland plus a chinese airline stocks extended declines as the on weakened further despite the pbs's strongerthanexpected daily fixing in hong kong so become route in bloomberg daybreak sophie thank you the declines in china come as the white house reestablishes a hard line on trade and bloomberg's john tucker joins us live with the very latest good morning john karyn white house economic adviser larry cudlow said that president donald trump's decision not to adopt a more stringent approach on trade did not represent a softer stance on china will be allowed to invest the question is how ownership what's the threat of technology transfer for theft property things that he knew sippy term will have to decide stocks sank after kudlow those comments the administration did say yesterday it would work with congress to strengthen reviews of foreign investment under the existing committee on foreign investment in the us or syphilis rather than the more draconian approach of declaring an emergency economic measures john tucker bloomberg daybreak thank you john banks will be in focus once again as we get another reading on the health of the financial industry michael moore covers the banks for bloomberg news so later today we get the results of the second round of the fed stress tests and this is when the fed either signs off on a bank's capital plan for the next year or rejects it and the bank has to lower its asked for how much can return to shareholders in buybacks and dividends and this is the piece of the tests that investors are really focused on because it determines how much cash they'll be getting over the next year bloomberg's michael moore the results will be released half the close trading the sp financials five hundred financials index meantime has dropped for a record thirteen straight days later this morning we get the third and final estimate of first quarter gdp economists are forecasting at two point two percent economic growth rate the same as the prior report bloomberg's vinny del giudice reports the first quarter was a sleeper with consumer spending registering the smallest gain and almost five years business inventories and net exports were revised lower looking ahead economists are bullish about a recovery we could see second quarter gdp growth a three percent or better also on today's economic agenda jobless claims which remain near a half century low vinny del giudice bloomberg daybreak thank you vinny european union leaders are gathering in brussels to tackle a growing number of political and economic challenges bloomberg sebastian selleck his in london with the very latest good morning good morning bob and karen well this was supposed to be the big crunch you summit the settling many brexit issues but progress is being too slow in the talks are now my gration tops the agenda chancellor angela merkel facing an ultimatum from her own interior minister to reach dale to tighten jeremy's borders and that's what she hopes to go home with then of course we've got trade tensions trump's threat to impose tariffs on cars norte parts later this year looming over the meeting and that's about the euro and approved steps to shore up the currency by beefing up the region's bailout funds all those talks kickoff in five hours time in london i'm sebastian solid bloomberg daybreak sebastien thank you greek prime minister alexis tsipras says he'll stick with the financial commitments agreed with a european leaders this month in an exclusive interview with bloomberg's separate says there'll be no return.

china shanghai three percent two percent five hours five years two years
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | 3 years ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"A reversal from six months ago when big oil was singing trumps praises for slashing corporate taxes gina cervetti bloomberg daybreak all right gina thank you donald trump garnered more votes from louisianans in two thousand sixteen and any other presidential candidate in history louisiana's reliance on trade makes it a unique microcosm of how the tariff battle will affect america khadijeh dmitrievna wrote the story for bloomberg news we also found that it would be a big hit on the companies that are most supportive of donald trump so everything from steel companies pipe welders ports actual people who are boarding these ships and boarding a product onto the ships and the poor districts and the warehouses the impact travels from the port tuta rails to the trucks and out to the rest of the us economy so it's just a snapshot of what these trade tariffs could mean for the rest of the us bloomberg's coty dimitrova according to the federal reserve bank of dallas a trade war would is slow total economic output in louisiana by a minimum of seven percent of five years and that's the most of any state in europe the bank of england published its bi annual financial stability report bloomberg sebastian selleck has the latest now from london good morning good morning karen bob we had the bank of indian stepping up the pressure on the european in union to remove the threat that brexit poses to trillions of pounds of derivative contracts the central bank noted on wednesday that the u k has announced some steps towards a solution including a pledge to grant interim permissions if necessary but as of yet the eu has not reciprocated the central bank also highlighted us corporate debt saying that companies have been piling up that's in recent years and the drop in lending steiner's makes this another risk to financial stability the pounds pairing most of its losses after the report in london i'm sebastian sonic bring buck daybreak smashed thank you the ranks of hedge fund managers expecting impending market chaos are growing right coffee the former star manager at moore capital.

moore capital sebastian sonic karen bob london bank of england bloomberg us america gina cervetti steiner eu sebastian selleck dallas khadijeh dmitrievna louisiana donald trump seven percent
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 3 years ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"Local currency slide so check the real right now takes three point eight five reality by one dollar that's weaker by another one percent of today's session john tucker bloomberg daybreak thanks john we're getting latest reading on euro area gdp this morning updated first quarter growth data shows the economy expanded four tenths of a percent in the three months through march government spending stagnated exports fell and trade proved a drag on the euro area economy eight well in germany factory orders unexpectedly dropped for a fourth a month in april orders fell two and a half percent of raising the prospect that an economic slowdown maybe worsening deutchebanks is from ing its equities business in asia and warning about another decline in revenue bloomberg sebastian selleck joins us live from our london bureau with details good morning sebastian good morning karen bring back sources telling us that deutsche bank is cutting onshore sales in derivatives presence in individual markets across asia pacific this comes as part of a wider restructuring of its equities business their plans to focus on his bigger clients on its electronic equities business in the region not specified how many jobs will go but the problems don't end there it says it will probably report another quarter affording revenue this amid the program to scale back the investment bank which involves cutting thousands of jobs the cfo say if a probably do a little worse than its peers who've indicated they expect a flat top line and talk of a vicious circle of declining revenue as well in london i'm sebastian solid bloomberg daybreak summation thank you ubs cutting jobs at its asset management unit sources tell bloomberg ubs says eliminated at least one hundred positions in recent months began more from bloomberg's danny burger this is a transition that investors are.

asia sebastian selleck deutsche bank cfo bloomberg ubs bloomberg danny burger john tucker germany london sebastian sebastian solid three months one percent one dollar
"sebastian selleck" Discussed on Monocle 24: The Briefing

Monocle 24: The Briefing

02:01 min | 3 years ago

"sebastian selleck" Discussed on Monocle 24: The Briefing

"Time now to get the latest business headlines i'm joined by sebastian selleck from bloomberg good afternoon donald trump has made tariff threats and this time he's got the car industry in his sights is that right sebastian it certainly is the latest in this ongoing trade war on off between china and other countries the us investigating auto imports on national security concerns this is their rationale which is interesting in itself and his strom pointed responses from japan south korea have countries that do a lot of business with with the us in the vehicle space and it's ended this temporary com that came at the end of last week when the us and china declared a truce in their trade dispute from a legal basis this is the same tool that trump used to invoke the tariffs on steel and aluminium earlier on in the year and you've had these comments from various countries south korea saying that it's formed a task force with carmakers undecideds to review the potential impacts beijing will say weighing in saying they oppose the abusing of national provision in this way i'm looking at chart here the pie charts of passenger vehicle imports and quite prominently are mexico and canada twenty four and twenty two percent respectively which is just a very strong nafta angle here one of these trump moves where he goes in very strongly on something and then reels back and then begins negotiate hit the marcus as well of course in japan the karmic has dragged down the overall topics the stock exchange there mazda the hardest hit and in europe we've seen the lights of porsche dime la bmw fee w all dropping in the session and the us is said to have started a criminal investigation into bitcoin price manipulation can you explain that one yeah this is according to people familiar with the matter speaking to bloomberg particular techniques they're looking into our spoofing this is when a trade to submit lots of orders thing councils than what's prices have moved in the direction they want them to another technical washing which is a at a trading detroit trading with themselves to get a false impression.

bloomberg detroit bitcoin mazda canada mexico beijing south korea japan sebastian selleck europe korea strom us china donald trump twenty two percent
"sebastian selleck" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 3 years ago

"sebastian selleck" Discussed on Bloomberg Radio New York

"Sell crude in the middle east traders are unwilling to sign contracts for running oil that would be valid after may twelfth that's the deadline for mr trump to decide whether to reimpose sanctions and checking oil prices right now wti down four tenths of one percent of 6790 a barrel brent crude lower by about a quarter percent at seventy four fifty three pound is weakening after the uk economy registered it's worse performance since twenty twelve growth in the first quarter slow to just one tenth of a percent that's adding to speculation the bank of england will refrain from raising interest rates next month sterling currently at a dollar thirty eight thirty one here in the us at eight thirty wall street on the government issues its latest reading on first quarter gdp we'll get a preview from bloomberg markets reporter david finnerty the data supposed to slow which often does in the first quarter because the weather related reasons if he comes in low and expected and given that the data's supposed to rise quite sharply then it comes a slow equals android inflation picture i think how that is really important how the equities react to it if he equity selloff on that data then i think the money goes into bonds and you'll see the yorker flattening again it's how the equities reactivated quite key moving forward and how we sell plays out no communist surveyed by bloomberg forecaster substantial slow down to about two percent growth in the first quarter meanwhile the us government's need for new financing has wall street predicting the treasury will ramp up borrowing yet again next week treasury officials announced this quarters funding plans on wednesday and bond dealers expected other across the board boost to auction sizes another day another snow of earnings out of europe this morning well bank of scotland reported pretax profits above analysts estimates that's mostly due to a rare quarter without misconduct charges are shares are down about three percent french drugmaker sanofi reported declining profit for the first quarter that has shares down nearly two percent and airbus saw its revenue slump as delays at engine providers held up deliveries of its narrow body planes we get more on that from bloomberg sebastian selleck in london did.

london airbus bank of scotland bloomberg reporter bank of england uk brent middle east mr trump sebastian selleck europe treasury forecaster david finnerty bloomberg markets us