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Bloomberg
May 25, 2016 7:00am EDT
they going to ask this question and where? >> good morning. it shows how nervous china's leadership is of the looming fed rate hike. issuelan to raise this when diplomats meet as part of a strategic economic dialogue. a rate hike matters for china because it would put pressure on the yuan. it could spark capital outflows from china. it brings back all the problems we saw toward the end of next year. china wants reinsurance from the u.s. official that they will telegraph well in advance any move that americans -- they are even going far as to say they would prefer a move in july rather than june. vonnie: despite a 62 billion dollar offer being rejected, they are still says it can get a still says it can get a deal done with monsanto. what can they afford? a number ofaring analysts put out numbers. jeffries is saying they could afford $140. another firm saying they could afford $145. clearly shareholders were not sincewith the idea at all it started being talked about may 12. the stock has fallen considerably since then. david: more job cuts coming at microsoft. they are trying to und
Bloomberg
Jan 12, 2016 7:00am EST
. china stepped up defense of its currency, so that is something we have seen sort of guide the trading. if you look at european stocks, we're seeing similar strength there for similar reasons as people are looking to china. you're seeing all the major averages in europe rally. automakers are doing particularly well after an industry group forecast there will be an acceleration in chinese sales. that is something to watch as well. in asia, we saw the shanghai composite up not by much but by .2it here, point to put -- of 1%. something we have been watching longer-term are the relative market caps of japan and china. take a look at my bloomberg terminal we have the graphic of the two. you have the japanese market cap, which has remained little changed. even as we have seen these wild swings in china, at one point you saw this gap twice that are chinese market cap is near the peak of $10 trillion. it was double the market cap of japan. now the gap is narrowing once again, china about 1.2 times the market cap of japan. that is something to watch. finally, a check on oil prices. we h
Bloomberg
Feb 29, 2016 7:00am EST
stanley things right on the heels of the g-20. fascinating, isn't it? china follows up with a rate cut, and then euro's on inflation -- euro's inflation comes up. only game in the town remains the only game in town. matt: but when you see china cut the reserve ratio, all this does for the market is signaled that it is thicker than you might think. we like our morning. why? as david mentioned, beth .omstock of ge is here let's get you some first word news with vonnie quinn. cruz's warning tomorrow may be the republican'' last chance to stop donald trump. trump may be all but locking up the nomination tomorrow if he wins big in the tuesday races. he is urging voters to turn to conservative." trump picked up support from jeff sessions from alabama. a u.s. college students helped in north korea has confessed to what officials call a hostile act. he appeared at a news conference in pyongyang, accused of taking down a propaganda sign. all this is happening as the u.s. is threatening sanctions against north korea. after five nominations with no award, leo dicaprio finally wins an academy awar
Bloomberg
Jan 5, 2016 7:00am EST
can't get out. a trap are caught in they created for themselves. china could have been included in the ms ti index and their credibility was in tatters when they intervened, banning major shareholders from selling and the like. majornths later, a ban on shareholders from selling is still in place and they won't be lifting back anytime soon because they are afraid that it would lead to a russian cell sellover. they are not going to step away from the levers just yet. that hinder the opportunity for outside investors to even play in these markets? since august we have seen less and less investors -- they don't want to be in the game. don't forget, it's always going to be buyers market for some investors. the bond market is quite attractive for some people going forward. it has grown at quite a decent clip because china needs government bonds to backup the oil assets. we will see more funds coming into the bond market. there will always be investors who see an opportunity to buy in the bottom. buyer.ill always be a matt: i'm looking at a histogram we have on the bloomberg terminal. it
Bloomberg
Jan 20, 2016 7:00am EST
markets seem to be expecting further stimulus from china. . that did not come in. that roiled markets. many contracts and down. ,ow jones futures now down 290 although they were down more than 300. continue to fall further and further. down 3% right now to $27, where our people hiding? thne --cies for one, the yen has had an incredible year to date. a one year high for the yen. you see a red arrow, that means strength because we can afford less of them without u.s. dollars. take a look at yields, and of the place will be see real moves. seekinguying into bonds the relative safety of government debt. at 1.98.s this morning to talk about what we are seeing. i'm sure both of you woke up to a start this morning. michael, what is this all about? michael: it is all about china and oil combined. punch. one-two if you look at asian currencies, the correlations are just getting tighter. a of dynamics are unfolding. oil continues to slide. getting --ning is continues to be each week more extreme than it was the prior week. the spring is coiling for a big relief rally. we are not getting it yet.
Bloomberg
Apr 13, 2016 7:00am EDT
moore, thank you for joining us. jpmorgan, a beat. these and numbers out of china as well. that is next. chinese export numbers are out. all signs point to stabilization in the economy there. ♪ david: you are watching "bloomberg ." peabody energy filing for chapter 11 maker to protection. the company joins for other coal companies pursuing bankruptcy amid cheaper natural gas and glut ---- and a hans has agreed to reduce the payouts stemming from his earlier job -- move is to solve -- he wasover promised payment of 11.4 million dollars last year as compensation for leaving the higher paid cfo post. cable workers have walked off the job today, working without a contract since august. the union says they are striking because verizon wants to make layoffs u easier and rely on contract workers. data out of asia today, chinese exports jumped the most in a year. the world's second-biggest economy may be stabilizing. -- theslump in february rebound could be due to seasonal factors as well as the pickup and commodity prices. for more, i want to bring in our in-house expert from hong kong.
Bloomberg
Jan 4, 2016 7:00am EST
on guns. take a look at china, the worst start two-year ever. we will have more throughout the day. you can see the china shanghai complexes down 20%. they shut the market for the rest of the day after the first warning. in europe, i want to highlight the dax. it's down 4.3%. it's continuing to decline. mark barton will join us in a moment to show you the rest of what's going on in europe. look at futures at home. we have the worst days since august and futures. down and thes are dow jones, 312 points. crushed to kick off 2016. we were down for 2015 as well, slightly less than 1%, but a loss for equities in 2015 print it's looking bad for the start of this year. crude oil is -- has been showing some games. there was a yearly loss. down 52%,ck years, the biggest slump ever in two years. we have a new system for bloomberg users. g#btvn type emerging-market stocks are in blue -- are in white any oil is in blue and the correlation is about 05 or .6. this is a look over the last six months. emerging markets are coming down as well. we are going to go around the world with bloomberg repo
Bloomberg
Oct 27, 2015 7:00am EDT
, they are trying to become the china version of but and they are growing, there is still -- they are still a very small player in the overall cloud computing market. you want to look at alibaba and see what they are going to do, going forward. david: how much of it inside to be get into the chinese economy, itself? did the rise, both chinese people buying things? 87 3 -- 83% of alibaba's revenue comes from china. david: it's a fairly good story. >> i would say so. it is hard to tell because consumer spending is just one aspect of chinese economy. you have to consider manufacturing and the fact that china tries to move away from traditional manufacturing, and they're looking at moving into other sectors, including technology. stephanie: this is a big turnaround we are seeing. sobaba hit an all-time low, as far as you look at equities and earnings right now, do you think we will see a shift or this it one-off? >> what you are seeing last week with amazon and google and apple have strong numbers. at scale play and the bigger getting bigger and the smaller getting marginalized. a very ag
Bloomberg
Jan 22, 2016 7:00am EST
-- stephanie: china has been a challenge not because of the downturn there but really because of the ongoing cyber security spats between the u.s. and china. what is your outlook now? chuck: that is the interesting thing about being in davos and hearing all the concerns about china. in our last quarter, we announced our first quarter of return to growth. in 2.5 years. the chinese government are making the moves they need to make in light of the complexities and the transitions they are going through. we have diversified our business over there geographically and across customer segments. my view is that it is a huge economy. whether it is growing 2%, 3%, 6%, it is a great opportunity for us. stephanie: you do not see china as in trouble? chuck: there are elements that could be concerning, but for us the value of the technology and where we see our customers in china deploying the technology, our results last quarter showbiz success recently. david: you have made several acquisitions in cyber security. a lot of cash on your balance sheet. do you look to make more acquisitions on cyber securit
Bloomberg
Jun 7, 2016 7:00am EDT
vote, china. all these other factors the fed is thinking about if it decides to move ahead. amanda: thank you, susanne walker barton. are alsoterest rates unchanged in australia and india. that move was predicted by all 44 economists in a bloomberg survey. the rupee is climbing. rastello inndrine mumbai. >> we have some clues. on the interest rate side i think what was very important for investors was a good news coming from the u.s. from the fed. the governor left the door open to more cuts. he says this tradition -- position is still accommodated. he said they would look for room to ease further. when it comes to his mandate there have been some talk that maybe he did not want an extension of his mandate. he was starting with a lot of humor. he did address that specifically. he put the ball back in the court of the government. now the government has to make a decision. david: the prime minister is meeting with president obama today at the white house. he will also be speaking to congress. what do the indian people expect to come out of this visit? lot. has been traveling a he's r
Bloomberg
Apr 20, 2016 7:00am EDT
this is related to the china story, some of it is really related to the strength in a market like the u.s. compared to the global market. is not a current quarter issue. this has been going on for three years. for those investors looking to find faster global growth to invest in, they would be much better served to stay at home and focus locally. jon: is that really a reflection of what's happening with economic fundamentals or a structural shift in relationship between trade and income? the point.s exactly right now, we are running u.s. gdp something like 2%. that is about half of what it would normally be. in those kinds of environments, it is not conducive for those companies industrial that normally do well in a robust economic environment. that is the story. r tends to favor domestic. the mystic companies in germany or japan. u.s., butt the domestic companies in germany or japan. the front runners in both parties and scored big victories in the new york primary yesterday. jump beating john kasich and ted cruz. >> we don't have much of a race anymore based on what i'm seeing o
Bloomberg
Jan 26, 2016 7:00am EST
day tasks are hancock what exactly is doing. we're going to take you overseas to china with the shanghai composite plunge. 615% on concert -- 6.5% on concerns that capital could accelerate. --en zone robin ganguly bloomberg's own robin ganguly joins us. it's far more retail focus that we see here in the states. robin: what can i say, stephanie? we are heading into the year of the monkey. ware monkeying around at the beginning. 6.5%,ore serious note, investors are really concerned about stability in the market. their ability to protect policy. you can't to drive overnight 70%,wing costs to 68%, sell on shore banks, restrict their onshore you on business and expect people to have confidence in the free market. that's the main problem. there's a lack of confidence in anything, any chinese assets. david: in the bloomberg news report, it said there was $1 trillionpital -- that flowed out of china. are these new numbers? robin: yes. this is our colleagues at bloomberg intelligence. they have come up with this estimate of $1 trillion, that's about six or seven times the amount of capit
Bloomberg
May 2, 2016 7:00am EDT
.-china traffic next year will be the largest -- we have made an investment in china eastern. i think shanghai will continue to become not just the commercial capital of china, but long-term the commercial capital of asia. erik: a lot of capacity has been added between the u.s. and china. are you making money on those routes right now? ed: we are. not as much as we would like to, but there are restrictions about how much capacity can be added going forward. chinese airlines are running up against their capacity caps. you will see the capacity start to moderate in the next couple of years. that will allow both chinese and u.s. carriers to harvest a little more of the investments they have made. erik: what is the longer-term plan, as you look out 10 years. you have this investment in china eastern, and do you anticipate or envision an open skies agreement between the u.s. and china? ed: i sure hope so. you listen to the political rhetoric, i am not sure where the view was are. but from a long-term commercial perspective and a trade perspective, absolutely. when you look at the suc
Bloomberg
Oct 29, 2015 7:00am EDT
good day for you. , details emerging from an important meeting in china regarding the future of its economy. we head to asia on "bloomberg ." ♪ stephanie: welcome back -- vonnie: welcome back to "bloomberg ." 6% ins of allergan up 1 premarket trading. pfizer and allergan considering a merger. allergan has a market value of $112 billion. talks are at an early stage. time warner cable posted third-quarter earnings that beat estimates, the company gained residential internet customers. regulators are deciding whether to allow charter communications to buy time warner cable in a $65 billion deal. for pershing square holdings, the publicly traded security of bill ackman's hedge fund. pershing square is down 16% for the year. ackman's bet on valeant hasmaceuticals, valeant plunged over claims of wrongdoing. david: we focus on china as leaders wrap up an important meeting discussing economic targets and policy changes for the next five years. more details have emerged over the last hour or so. tokyourran is in following the story. as we woke up this morning in new york, a couple
Bloomberg
Nov 10, 2015 7:00am EST
of green spots. the nikkei in ajapan. concern about china's inflation numbers. worst on the street estimated. take a look at 10-year yield can read where seeing people run to the safety of government bonds for the first time in seven days. we have seen a rise for seven days in a row. now coming down but still at 2.32%. take a look at copper. the metal as dr. copper. we are looking at a drop here, the lowest since 2009 right now. actually cooper imports -- copper imports had risen into july the the have been falling, falling. there is a concern that a premium people play to store copper in china, they are not importing as much. the premium has fallen 4% in two months. take a look at that gap. equity stories today. this is accompanied whose same store sales were down 4% over the last quarter. its banana republic brand down 12%. gap putting up a luminary s a share.f 63 cnetent big miss. shares trading down in the premarket. are under markets pressure after the jobs numbers given on friday which raise the prospects of the federal reserve will raise its rates in december. so we are brin
Bloomberg
Feb 11, 2016 7:00am EST
is your business tell you is going on oblique? is very contracted. everyone is talking about china. it is heading to a new nominal business model. , some countries in europe, you can see the consumers spending more. are your sales in china rising, and how fast? >> we had been struggling over the past three years. that, i think everyone under that there has been a double impact. private consumers have been spending less. we feel that is getting back to normal. going to: what is happen this year because things do not look good? >> type of consumers are not necessarily sensitive to the stock market. then why were you struggling over the last three years? it was because the end of the gifting. you have private consumers coming back to normal. there issue is that not a lot a change in the way business works. we have talked to a lot of luxury retailers who feel they are hitting a solid place in china. so you think you bottomed out in china? >> yes. tougher for the business model. you have 60 million new households entering the middle millionery year -- 16 new households entering the midd
Bloomberg
Jan 27, 2016 7:00am EST
sell in beijing today trying to get china to support sanctions on north korea after the nuclear test last month. china has been reluctant to anything that would destabilize the regime. donald trump said he is been treated unfairly by fox news and will not be in the debate. instead, he will be at a fundraiser for veterans. new 24 hours a day covered by more than women hundred 50 news peers around the world. let's check in on market stuff. matt: some breaking news, united technologies is that with some numbers that beat on the bottom line. dollarssed by a billion on sales. $14.3 billion with the quarterly sales figure put out by united technologies. you can see year to date they stand about 11% they make everything from fire extinguishers to helicopters. conditioners,, very diversified conglomerate. but the missing big-time on the sales front. even thoughng down asian markets traded up. third day in a row we break that cycle of correlation. s&p futures down, the dow futures down, nasdaq futures down. one of the computing factors is that oil has come back down. yesterday it turned aroun
Bloomberg
Oct 7, 2015 7:00am EDT
by the emerging markets. now you have emerging markets submerging. you have china clearly slowing. china is going through an adjustment. even if they do everything they want to do, which is very much in question, they are going to move from being an investment, capital goods structured economy to being a consumer service driven economy. that will not be good for people selling products to china. china put in place more concrete between 2011 and 2013 then the united states did in the 20th century. potronie: juan martin del larry: -- stephanie: one more time? china put in place more concrete between 2011 and 2013 than the united states did in the 20th-century. that pace is coming down. maybe they will serve each other a lot more restaurant meals. maybe they will move to provide all kinds of urban amenities, that will not do the same thing for the world's copper producers and iron ore producers as what they used to do. stephanie: then let's take all of this data. things were ok-ish, now things are worse in the emerging markets. what does that mean for the fed, for the rate hike that
Bloomberg
Sep 20, 2016 7:00am EDT
optimistic on the outlook for china. we are with their ceo, finding out why he sounds more positive on china. this is bloomberg. ♪ jonathan: from new york city, this is bloomberg. the ceo of the world's second-largest mining company has turned optimistic on track. i sat down with rio tinto ceo john jack sebastian to talk about the pickup in the construction market. here's what he had to say. >> china is very important for us, for the mining industry. it is around 50% of the global demand for minerals. we spent a lot of time in china. i was there two weeks ago. it is sad to say that on the back of the meeting i had with our customers, our partners, our suppliers, as well as government officials, we are becoming much more where we are being described as cautiously optimistic with china. the me give you a few examples. in context of iron or copper, the construction market in china. one of the industries we look at is the inventory of housing in tier one, tier three, and tier four. today, the financial metrics shows that the inventory in tier one -- currently you are below the seven months, wh
Bloomberg
Oct 5, 2015 7:00am EDT
pretty good solid amount of growth. china is somewhere around 13% of global gdp is slowing down, but if you saw the world bank statistics today, that area of the world they still think is going to go at 6.5%. the lowest numbers i've heard in china or somewhere is around 6%. i could be wrong. david: do you believe those numbers? steve s: there are no numbers that can be believed, not because people are telling untruths, they may not have those numbers themselves. you end up looking at official numbers, and innuendo you end up looking at anecdotal things. for example, in china, we own a lot of shopping mall. for middle-class people, not for the high-end fashion malls. we are up 15% this year. stephanie: how? it seems like the middle class -- that consumer is getting her drastically. -- hurt drastically. steve s: it says that on television. it may not say that in the real world. --phanie: tell us what final china looks like that you can see that we can't. steve s: china has some things that are going quite well in the consumer economy. like andme things -- steel, and certainly with manufac
Bloomberg
Jan 28, 2016 7:00am EST
: remember the evian flu. it was a real issue for china. josh: they could be serious. david: economics minister of japan had to resign overnight. he was spearheading abenomics. he was caught up in a scandal about political contributions. he had to quit, in tears. josh: there is a tight linkage about political financing. you see it in japan, france. things that get politicians in trouble are contributions to their parties and political campaigns. david: it is not the fact of the contribution, it is what is done with it. the question here is whether it was used for personal use. joss: they cannot help the momentum seeing further reform in japan. stephanie: in the market, we have earnings. when we come back, shares of as users areup, turbocharging sales growth. more of that on "bloomberg ." ♪ david: welcome back. futures slightly up. we are here with josh and are you recovering -- and tom keene. tom: i am stale. david: you are never stale. stephanie: are you gluten-free, tom? david: this is the rational. we are not going down. vonnie quinn? vonnie: they may send thousands of refugee
Bloomberg
Nov 13, 2015 7:00am EST
down across the board. we were little changed in our ago but we have moved lower here. china boosting its margin theirements, and here in u.s. we have negative retail news again today with nordstrom's shares plummeting premarket after missing estimates. take a look in the bloomberg terminal, and you can see i pulled up the weei, the world equity indexes. read across the board. europe is trading down. this is yesterday's. it will not go live for another 2.5 hours, but red across the board everywhere else heard except for commodities. commodities had a little bit of a bounceback. it looks like we will close down the week 2.5%. that breaks a six-week winning streak. now let's go to commodities. a little bit of a bounceback, and i stress the word "little" because they were not big gains in commodities today. oil came up a little bit. you can see the intraday trade is up 1% now, $42.13 per barrel. trade will look grim no matter what you put up there. nymex crude down about 5%. look at thatt's stock right now, trading in premarket down 20% after a miss. a real slew of negative earnings from
Bloomberg
Jun 21, 2016 7:00am EDT
? that is the real backdrop, how will aggregate demand to be in europe, in china, across the pacific? jonathan: pulling away from the brexit debate, we've seen an obsession with the near-term risk. when he of -- one of many risks. when everything seemed to be falling off the cliff, we weren't talking about brexit, we were talking about china and the fed. dovetail this into what we will see from janet yellen mario draghi this morning. has two verbal what she did last week, which was amazing to see the market reaction. i did not expect it, nor did many others. there are other things going on besides the focus on remain and leave. you have to figure out how to weight them it. jonathan: you can catch tom keene on bloomberg radio with michael mckee. tom keene getting paid at sterling now. tom: i like that. jonathan: we witnessed a fundamental shift in markets. global equities rallying ahead of this week's referendum. joining me now to discuss it is mark boleat. he is in the remain camp, he says thousands of jobs could be lost if the u.k. leaves the european union. let's begin with the ide
Bloomberg
Feb 16, 2016 7:00am EST
arabia and russia were fighting for market shares in eastern europe and in china and they were fighting a proxy war in syria. russianse saudi's and got together and have a preliminary agreement. that doesn't resolve the oversupply but it will help. of opec and russia saying we will let the markets decide the price and we will not do anything about it, now, opec countries have decided to act. >> it is easy to freeze production when you are at peak production levels. it doesn't selma get big deal at all. production was going to increase in the next few months. produced 10.6y million barrels and now they are producing 10.2 million barrels so that does not mean we are going to see a saudi increase. it will trend up in the next pew months. but now that. . take today's agreement as the final agreement. just take it as what the oil minister said. it is the beginning of a process. and ideally, it is a good announcement. david: if you are putting together a cartel, do they have enough people in? what about iran or iraq or the united states? javier: that is the biggest point. iran is trying to ra
Bloomberg
Jan 15, 2016 7:00am EST
more than 150 news bureaus around the world, i am vonnie quinn. stephanie: let's start in china, where we did see another selloff overnight. the major chinese benchmarks falling. it is a shanghai composite we have been watching to see it fall into a bear market once again. if you look at the one-year chart of the shanghai composite, you see the moves that we have seen. originally it fell into a bear market last year. it took several months to do so. we have fallen below that threshold. notable about this is the velocity with which it has reached a bear market once again. we have seen just a rapid decline, not only in chinese stocks but in global equities for the year thus far. as you might imagine, it is spreading across the globe. if you look at u.s. futures, we are also looking at a sharply open -- we are also seeing a normal selloff, and wti reaching a slow its since november of 2003. as you can see, below $30 a barrel. let's get to u.s. futures. we are seeing a selloff in u.s. futures as well. we have not always seen followthrough throughout the session, so it will be intere
Bloomberg
Apr 8, 2016 7:00am EDT
, but you cannot fully look at the u.s., whether we are talking japan, china, europe. how concerned are you that the press situations over there will way on our economy? dean: we have been seeing that for the last several years. we do not see that as a new development. global growth has been weak for quite some time. i am not as fearful that the global growth is going to deteriorate sharply. the evidence suggests that the recent data in china are starting to pick up a bit, it is certainly growing a lot more slowly than it has been. but i do not see the global economy ratcheting downward from .ere right now stephanie david: you pointed out the ratio of 1.8 price to sales. equityit that the u.s. markets would be so out of kilter with the underlying fundamentals of what is going on in corporate america? is one that is the most extreme. we look at probably 50 different valuation ratios. the reason it is so extreme and other measures are not that inflated is because profit margins have been so high. , itou have the forward pe does not sound all that high at 17 or 18 times. but forward pe
Bloomberg
May 23, 2016 7:00am EDT
: we have this fragile position at the moment. a weaker dollar is good for the likes of china and terrible for the other big economy in asia, japan. how is thisd, managed at a g-7 level, if at all? enda: exactly right. manage athat they can deal with the u.s., but the fact that it keeps making the point and keeps repeating that he thinks the trading conditions in the unr disorderly, and the fact that the fed keeps agreeing with him, shows that there could be a significant difference over time. the the potential for dollar to rally, that takes pressure off japan. they are not explicitly saying they are going to intervene and they are talking about fiscal stimulus in the near term. if the yen continues to be strong a number of months from now, the pressure will be on japan's government to act. jon: enda curran, great to have you on the program. one month away from the brexit vote, a new warning today. leavek., if it were to the european union -- i want to go with guy johnson for the latest. the short-term consequences of an exit from the e.u. -- it is from the u.k. treasury, and it
Bloomberg
May 30, 2016 7:00am EDT
odd. i don't think anything has changed about china. the underlying consumer demand is very strong in china. the internet companies there, their business is very good. it is strong. it is healthy. it is vibrant. and we have built our own business there over the course of the last 13, 14 years -- emily: quite a robust business. sir michael: a very robust business, run by some wonderful people. and it's no accident that seven of the 20 most valuable internet companies today are chinese. because over the next 20 years, there is going to be far more business done between the technology companies that get started in china and get started in the u.s. than there has been over the last 20 years. emily: what does silicon valley have to learn from china? sir michael: i'm always struck by how eager people running chinese companies are to learn about their american counterparts. how frequently they come to the united states, how jammed their schedules are when they come here. i wish that the ceo's and founders of silicon valley companies did the same thing in china. because i think we could le
Bloomberg
Apr 12, 2016 7:00am EDT
with doing business in china. on "bloomberg ." ♪ david: the largest japanese insurance company will shut down 100,000 jobs after not being profitable. bank earnings come out to marlin estimates for a 16% tumble. will it be the worst quarter of the year? commerce penny pritzker joins us to talk about the debate on trade agreements and about china. welcome to the second hour of "bloomberg . jon: the numbers are quite remarkable in banking's. the five to discuss alien euro plan to tackle the problem in italy. it's set to be a pretty ugly report a sitting -- season. david: francine it's no fun to a banker right now. vonnie: we will look at what's going on in the markets. let's get a check of the markets first. n: futures are positive at the moment. the dollar-yen has a seven-day losing streak. u.k. inflation surprised to the upside. it's at a 15 month high. you saw the transportation costs surge in the last month. david: in belgium, authorities of charged two more men in relation to the brussels bombing and both were involved in rough -- in renting a brussels apartment. the sus
Bloomberg
Feb 25, 2016 7:00am EST
awkward for china. >> that is not what you want. >> maybe it is time for a call to action. >> let's get started with the first word from caroline hyde. caroline: thank you. -- greek morning officials announced a group led by austria to stop refugees into the northern border. european union is moving ahead with plans. the u.s. will send the united nations security council a proposal for new sanctions from north korea. the u.s. and china agreed to punish north korea for the launch of a long-range rocket. the chinese are north korea's biggest trading partners. and now, donald trump taking on mitt romney. he tweeted that mitt romney is a fool that is after mitt romney suggested that a bombshell may be hiding in donald trump's tax returns. global news 24 hours a day in more than 150 news bureaus around the world. let's take a look at what is going on in the u.s. futures. we are up across the board despite losses. the same is true in europe. let's take a look at what happened in china. a month, itdrop in tells us something about the market and the volatility there. tightening lending standard
Bloomberg
Nov 25, 2015 7:00am EST
commodities in places like china. forecast disappointing as a standalone company. the pc and printer units were split this month into separate companies. the divisions that tell equipment services and software now known as hewlett-packard enterprises. stephanie? stephanie: now it is time to return to global go, we focus on tensions between russia and turkey after a russian fighter jet was shot down in the syrian border. has moved ton reinforce operations in syria while turkey showed no signs of backing down. our middle east editor elliott joint is now. turkish and russian counterparts are both speaking today, and it is not telling anyone is backing down. elliott: we have had some conciliatory words. vladimir putin ruled out any kind of military retaliation. to place over syrian airspace, and the turks insisted to place over turkish airspace. they also heard from turkey's prime minister enable say there is no wish to escalate tensions between turkey and russia. indeed, we heard from one wire service in russia that the foreign ministers of turkey and russia are set to meet in the comin
Bloomberg
May 18, 2016 7:00am EDT
smartphone market in the world just after china, but the dynamics continue to be different. iphone has been the only bright spot in india. is underscores why tim cook has chosen to come here. here is the interesting piece. the challenges will be twofold. one is on price. iphones are extremely expensive here. the cheapest iphone is $399 compared to a cheap smartphone of $135. the demand for smartphones in india is at the low end of the market and apple does not operate that at all . tim cook will have to write a new playbook and that is what he is really here for. india is on the cusp of 4g. reliance geo is a huge venture in the 4g space. here andis going to be meeting executives of these two companies hoping they can get some alliance and distribution as well. david: you put your finger on it, this price point issue. apple has been a high price provider, high-quality and not cut price. is he going to have to rethink that to make progress in india? harsha: you bet. cannot be a cut and paste model of china. and india has a peculiar market with its own dynamics of the game. hasung for ins
Bloomberg
Nov 5, 2015 7:00am EST
. up next, were global market fears in august overblown? the bulls on parade this morning and china. stephanie: welcome back to bloomberg vonnie: the latest bloomberg business flash. we begin with japanese airbag maker toccata. -- takata. the company is preparing for more customer recalls. honda earlier said its ata'sntinuing use of tak inflator is. another big quarter for facebook. the world's largest soldier network -- social network reported a revenue of $4.5 billion. in extendedd trading, up 33% for the up. $500ir's ceo is almost million richer since the airline embarked on a charm offensive last year. according to the bloomberg billionaires index, o'leary's fortune has jumped 26% in 2015. that is the latest bloomberg business flash. david: thanks very much. we are going to global . today we focus on china were stocks ended a bull market after state intervention seems to have halted a $5 trillion crash. enda curran in shanghai this morning. we have seen this rally up 20%. is this intervention on the government's part or are there fundamentals driving this? it's cert
Bloomberg
Mar 2, 2016 7:00am EST
approve a five-year plan for the economy in china. all of this volatility is weighing on the luxury art market. the head of phillips joins us later. hello and welcome to bloomberg . i;''m jonathan ferro here with david westin and stephanie ruhle. david: here with us, also, is josh steinem. stephanie: we have got so much to cover. asia up today. you get a little bit of news out of australia. asian markets like it. let's get you first word news in london. you.ine: thank it was a big super tuesday for donald trump and hillary clinton. each won seven states. e 1207now has 285 of th delegates needed to win. ted cruz 13 states and marco rubio has 87 delegates. a verymp: i know it was tough night for marco rubio. he works hard. he spent a lot of money. he is a lightweight. herline: meanwhile in victory speech, clinton took what sounded like a shot at rumptrump. mrs. clinton: it is clear the havesin this election never been higher, and the rhetoric we are hearing on the other side has never been lower. trying to divide america between us and them is wrong. and we're not going to let it
Bloomberg
Mar 9, 2016 7:00am EST
, hong kong and china. australia doing a little bit better because some of the commodities that have been in a slump the last couple of days are bouncing back. over in europe, commodities helping to lift the indexes. 1.5%.x up take a look at the stocks that are up. some stocks up for individual company news. a.b. in bev closer to making that purchase of snb miller -- sab miller. hsbc and a lot of the banks are helping to lift indexes even though moody's and says hsbc will leave three banks having to sell $77 billion in debt to absorb losses. not good news for hsbc specifically, but the bank sector we see rising. let's take a look at what oil is doing this morning. oil bouncing back here come a gain of 1.75%. back about $37 a barrel. we were up at $38 yesterday. before that reversal, oil had been doing pretty well yesterday. we will see if it holds today. let's take a look across assets come a check of gold where the fear trait has been going on, turning down this morning. we will talk more about gold on the program today. the 10 year yield climbing of it as investors selloff and get
Bloomberg
Nov 30, 2015 7:00am EST
paris. : the u.s. jobs report may lead the fed to raise them. china may be finally getting the respect it has wanted. showdown in paris. global leaders meet to resolve their differences and come up with a deal on climate change. but the conference itself is a security nightmare. bricks -- and clicks beat bricks over the weekend. david: welcome to "bloomber "blg ." i'm david westin. stephanie: how was security? ; it was perfectly fine. i went to the parade on thursday. one of the most extraordinary things i have ever seen, one of the most destroyed very people at bloomberg is with us this morning. my former colleague from deutsche bank, carl riccadonna. welcome. thanks for joining us. carl: the distinguished guest? stephanie: you. i am sure you want to be focused on cyber monday, clicking, clicking. here is vonnie quinn with bloomberg news. than 100 40 leaders will try to reach the first comprehensive deal to curb greenhouse gases. obamaping and president met in paris. there are still some sticking points per one of them, how much support industrial nations will give poorer
Bloomberg
Apr 7, 2016 7:00am EDT
said those words, twice in a week, this market would fall out of bed if china were looking for a weaker a currency, why does japanese get away with that kind of rhetoric? >> i wish i knew the answer. hang oncentral bankers every word and it used to be where we focused on more companies, not with his what is the central banker saying. david: how can they get away with it. they want to talk it down and it looks like they cannot. the market based not believe them when they say they may intervene to get the yen down. >> they want to introduce two-way wrist into the tray or slowing if they feel the yen will keep going up. if it is a fundamental move and they feel intervention will not fx, jpmorgan talking about how much higher the yen can go. vonnie: shinzo abe has promised there will not be intervention, does he lose credibility or the central bank lose credibility if they do intervene? >> yes, it seemed problems with that as g-20 seven -- g-20 hosts , you have to member that some suggestion that the currency wars which may have been overblown are no longer in place. the bank of japa
Bloomberg
Feb 26, 2016 7:00am EST
gains after the governor of the bank of china sees the possibility of more stimulus and room to move to stimulate the economy. that may traders happy. the hang seng up 2.5%. have's borrowing costs already come down. he said monetary policy is pretty common native -- is pretty a common native already. china'ssee that borrowing costs are here in white and have come down to extremely low levels compared to -- china dollar bond year the china dollar bond yields. take a look at currencies, the second leg in the three legged stool of what is moving markets this year. we have dollar weakness today, rubel gaining against the dollar. new zealand dollar gaining against the u.s. dollar, the yen gaining against the u.s. dollar as well. this is something everyone will address and g-20. some people want a concerted action, some people do not -- like wolfgang schauble, very vocal about that. matt: it isn't -- tophanie: it is important point out that this is not the first time we have seen the v ix drop below 20. it has become somewhat muted, at least this week. matt: it depends on the asset class. if
Bloomberg
Feb 24, 2016 7:00am EST
u.s. and china close to agreeing on new sanctions for north korea. both countries want to punish north korea for its recent nuclear tests. china's participation is essential. it is north korea's largest trading partner. matt: chesapeake out with earnings, coming in line on etf $.16 was the adjusted loss per share. that is what the market was looking for. it was not the earnings or sales that were most important to this company. it is really asset sales and its land to p -- plan to pay debt. exceeded its goals of $300 million. intend to pay that $500 million debt due in march. it has a revolving credit line. $1.5is a company that has billion in market cap. billion in debt. stephanie: if you look at the debt and the they have already committed, they cannot get out from under this. did see the, we stock jumped 18%. it was the worst performing stock in the s&p in all of 2015. when oil drops and you get numbers like this, how will they get out from under the debt burden? matt: they have to continue to .pend that x.that cap see the shares down 8.6% in the premarket. we are talking abou
Bloomberg
Oct 14, 2015 7:00am EDT
-- there are numbers out of china. we had a more low inflation data out of china today demonstrating just how the policymakers are struggling to gain traction to get the economy back on track. ppi indexlar, we had today which showed that factory prices are still in deflation territory for the record 43rd month. is fallingt commodity prices, or falling food prices, but there was also weaker demand at work as well. to the world's second-biggest economy remaining in a pretty soft spot as we head towards the end of the year. david: we all know it is slowing down. what are the chances some of that is being in million rated by increases in the service sector that would not be picked up by these numbers. dna: the service sector is doing reasonably well. what is driving the index is an increase in services. food is quite volatile. that is one of the strongest components. they're trying to go away from just manufacturing more towards consumption and innovation. but not well enough to fill the gap being left by the slowdown in manufacturing. dataanie: we know this bad via been getting out of c
Bloomberg
Sep 27, 2016 7:00am EDT
china and move on. policy,: on monetary how naive is it to start going off the markets? what i mean is, how naive is it to start talking about replacing the red chair, knowing the possible implications in financial markets when you do that? do you think that is a mistake? i do not think it is a mistake. i think it is a tactic. across the board, a delicate balance between trade and that, and the currency fluctuations. when you look at the peso as a proxy -- it is a message. the message is time out. we are going to have a stronger discussion on a lot of these issues. america can survive without international trade if it had to. it is a startling consequence to our global partners. i think what trump is saying -- we are going to have a startling consequence unless we bring this to the table. bringing them to the table is an impossible task. 129look at trade, we have commissions. every congressman and senator is their own negotiator for their local constituency manufacturing the glass or the top or the computer. and you have wto. you have thousands and thousands of people. having one st
Bloomberg
Dec 24, 2015 7:00am EST
globally. particularly in china, the guys who used to drink this is like it was nobody's i business. lowave this inordinate demand, inordinate supply because again, new discoveries, opec is cheating, these guys are just dumping so much on them. so you have the economics of it, the supply and demand factors, and the other thing that nobody ever talks about is the efficiency of our plants and our factories and our ships. stephanie: that has not cut out of the system. richard: right. over the last 10, 15, 20 years, we have been building new factories and plants at her so much more efficient than they used to be. we just do not need that much energy. orid: when things go to $80 $100, we hear the sky is falling. when it goes to $20, which does not make that much difference -- richard: higher is uglier, especially for the consumer. david: but why is low good, for the consumer, for example. richard: it is a wealth of xp or you are getting some money, but you are not if you are filling up your gas tank once a week. you are only seeing it in 20-gallon increments and gasoline. thosee not real
Bloomberg
Dec 21, 2015 7:00am EST
says security has been tightened worldwide since the paris attacks last month. authorities in china say a man may pile of construction have triggered a huge landslide. construction waste. newly three dozen buildings in the city of shenzhen. you can get more on these stories at bloomberg.com. the markets now with matt miller. matt: we see gains in futures right now. the s&p evening contract up 18 points. the dow jones of hundred 28 point stocks are coming off their worst two-day drop in three months. rebound today, and we have seen it in europe as well. take a look at my terminal. i am going to show you what is going on this month. in december we saw more than a 3% drop in stock, and the reason, you can see i have broken this done by industry group. energy, materials, industrial stocks. it is a commodities sector drop grr on yourr are -- terminal. utilities had a tiny little gain for the month of december, so it has been a rough month. take a look at oil, speaking of commodities that were down. crude fell to the lowest level we have seen since 2009. down 1% on the third of fraud hand
Bloomberg
Aug 8, 2016 7:00am EDT
the rally continues. it is risk-on following friday's blowout jobs report. david: china's red flag. the central bank promises to reuse innovative monetary tools. alix: trump tries to reboot. he unveils his new economic plan. will his proposal distract voters from his recent setbacks? jon: a very warm welcome to "bloomberg ." i am calling today the day after payrolls, and the rally continues. outd: really strong numbers on friday, and you see the markets reacting right through the weekend. alix: jeffries out this morning saying what can actually derail the rally, what will put bonfires on strike? what will lead a rushed out of high-yield? weid: the question is, can keep this going? does it keep going or is there a turnaround coming up? alix: we will discuss this, as well as what it means for the treasury were market. -- the treasury market. we will talk about the health of the global ipo market and what is in the pipeline with jpmorgan's head of global equity markets liz myers. the global rally keeps going. jon: it keeps going off the strong labor report friday. firmer ahead of
Bloomberg
Nov 11, 2016 7:00am EST
a single day over in china, that is off by about 1%. some of these numbers are huge for the company. they passed their previous $13 billion record. some of their best selling items, iphones, shoes, appliances. some big numbers coming out. they always set a new record every year. emerging markets selloff. the longest streak of losses on record. stocks heading to four-month lows. b.n.p. paribas they the is here donald trump is that is for emerging markets. this is bloomberg. ♪ jonathan: this is bloomberg. caps on high-yield currencies are unwinding at the fastest pace since 2011 as soaring u.s. treasury yields undermine the case of sovereign debt. tumbling 2.8% over the past few days as the yields narrowed to a 16 month low. with us now is daniel katzive with bnp paribas. daniel: i think it could have further to run. the market is looking at the proposals of donald trump and the thing is emphasizing with infrastructure spending. significantly more fiscal stimulus in the u.s.. that means higher longer yields. that is a challenge for emerging market currencies. jonathan: as opposed to
Bloomberg
Nov 20, 2015 7:00am EST
the exercise in china over the next few months before commodities bottom. in other words, until it peaks, commodities will have a lot of headwinds. better with looking lower supply in some markets and brenda demand, but the more head is very strong. stephanie: take us to the terminal. matt: there with me because there are a lot of lines, but the point is if you pull up the bloomberg on my screen, -- david: a lot of lines. matt: green is oil, the blue is china, iron ore -- stephanie: go through the timeframe. matt: this goes back 10 years. the point is that all of the commodities, oil, copper, .luminum, all coming down the only thing doing well is china's iron or, so it looks like that could be the one thing that they are holding up. francisco, there is another bank i will not mention that came out with a report saying emerging markets will come back in 2016. you are focusing specifically on yuan.cy and u.s. versus francisco: china is 50% markets, soe world just oil, it is the only market that china owns 10% or 50%. my worry is if they allow the yuan to weaken, we'll have zero gdp g
Bloomberg
May 27, 2016 7:00am EDT
it came to china's deal over capacity issues. the g7 says it's going to tackle this excess, which has been field by government subsidies and support. not singling out china, but the references seem to point so. david: thank you from japan. vonnie: let's continue our team coverage ont g7. what is the reaction? anna: we have this concern about brexit into the communique what and what was interesting is that it was in the same breath as the concerns about global trade. it is something that perhaps g-7 leaders found some resonance with. in terms of reaction domestically, it will not come as a surprise to many people because we had the finance ministers warning about this. big voices warning about the impact that we could see from a brexit. those who want to stay in the eu have incredible voices as the lead campaign will dismiss this as establishment figures talking down the u.k.. vonnie: yet another warning even beyond all those mornings you costly andt how actual breads it woul brexit wo. anna: it's talking about the cost that would be endured by people's pensions if we were to see a
Bloomberg
Sep 7, 2016 7:00am EDT
beating from china. how is that story playing out in the united kingdom and how is it shaping out the debate around the brexit and when will they pull the trigger on article 15? >> they are coming under pressure both to stop flushing out details of what she means when she says brexit means brexit. she's under domestic pressure as well from opposition lawmakers too. we saw a bit of a clash yesterday between her office and that of david davis, the brexit negotiator in just how aggressive the brexit will be of a single market. so clarity is what is sought and we've heard various bank groups this morning, a lot of bankers are visiting with the chancellor to make the case that there needs to be claire touchdown what the u.k. is seek on these negotiations and sued. we have the shock of the referendum. we have the summer off. and now it's back to school and answers have been sought from juries made about strategy. jonathan: back to school for governor carnie as well. simon kennedy from london. later on this program, full coverage of governor carnie's testimony before the u.k. treasury se
Bloomberg
Mar 23, 2016 7:00am EDT
get payment insurance. diamond cutters have been hurt by slowing demand in china. jonathan: thank you very much, david. here are the top story in the city of london. the london mayor folk the house of commons treasury select committee. he stated that the city of london would flourish outside the european union and would not lose its position as a financial hub. >> what struck me in private conversation as often have with finely bankers is how balanced they seem to be. and most of them more candidly say they don't believe it will do any damage to london's position as the world's leading financial center. jonathan: guy, the argument of the last 24 hours has been dominated by what's happening with immigration, with refugees but the argument that boris johnson is trying to push is the economic one. where are we in that debate and is winning? uy: he said where we stand the economic. he said that the pound would be strong and robust outside the e.u. and he talked about the fact that the e.u. could do a very rapid deal with the yufmente so he is making a political argument and an economi
Bloomberg
May 5, 2016 7:00am EDT
of what is happening in china. your scorecard, futures firmer in the u.s., up 61 points. points.d 7, 8 in london, pretty much flat. switch up the board, the dollar on the front foot against some of the majors including the euro . on the back's first against the commodity currencies with wti up $45 and $.19, 3.2%. a rally on treasuries, yields got a little bit higher by one basis point to 1.79%, over 24 hours away from payroll friday. here are stocks to watch with matt. matt: in europe, gains. i want to highlight two of the biggest gainers. refining is what is helping them and chemicals. you see a rally. bt group rising. the former monopoly of the u.k. communications industry, revenue that beat cash earnings that beat in estimates at wm morrison supermarkets up. this is rolls-royce. gaining after posting a second consecutive quarter of sales growth. firstlook at merck, quarter adjusted eps, the estimate was for $.85 and they got $.89. revenue forecast a forecast of revenue between 39 billion and 40 billion and the street was looking for $39.8 billion. the forecast range is good for m
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