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Bloomberg
Oct 12, 2015 7:00am EDT
. >> this guy knew enron was coming. he has warned us all about china. matt miller, you have something for us? >> the nobel committee is out with the nobel prize in economics and goes to a professor, angus deaton. it looks like consumer demand consumption is the reason the committee awarded him the nobel prize. these headlines are coming across just now. very interesting stuff. consumer consumption is important. jail guy: sorry, jim, go -- yale guy got it. >> commodity prices have battled glencore. president obama says he is in considering any major changes to his approach in the area -- syria. russia has become a major military player in the conflict. last night, the president characterized vladimir putin's move as a sign of desperation. you think that running our economy into the ground and having to send thin -- troops ,n to prop up your only ally then we have a different definition of leadership. vonnie: he also indicated he believed american forces offer no long-term solution in syria. a washington post reporter has been convicted after a closed trial in syria -- iran. "the washin
Bloomberg
Mar 31, 2016 7:00am EDT
check for china. cutting the credit ratings to negative unstable. -- from stable. ♪ jonathan: i warm welcome to "bloomberg ." david: we're looking forward to the jobs. we're looking back on this extraordinary quarter. jonathan: what a quarter it has been. the janet yellen rally. let's give you an update on the markets. it is right across most of the indexes. in europe, we see the losses. 4/10 of 1%. up.taxes up -- the dax is outperforming european equities since 20,003. the euro dollar. the dollar index heading for its sincet quarterly drop 2011. yields on the u.s. 10 year at the 10 year. wti at 38.17. let's go to vonnie quinn. vonnie: in washington dc, the nuclear summit gets underway. terrorism and the islamic state will be on the agenda. president obama will discuss north korea's nuclear and missile tests with japan and south korea. considering whether to deploy a missile defense system in south korea. they will talk about north korea with the chinese leader. the president will bring up human rights and china's territorial claims in the south china sea. officials at the bristo
Bloomberg
Jan 8, 2016 7:00am EST
battered by a perfect storm. turmoil in china, and overflowing u.s. stockpiles. welcome to "bloomberg ." i am david westin. jon: i am jonathan ferro. stephanie ruhle will be returning. , rolling overzing it seems into the open. s&p futures just up nine points this morning. inopean equities now negative territory after being in positive territory throughout the morning. to break this down through the next 60 minutes, michael holland, of holland and company, will be what's -- will be with us through the program. vonnie quinn has first word news. the government of china controversial circuit breaker that adjust to the market yesterday. state-controlled funds were set to buy stocks. news that we are anotherg this morning, sign of rising tension after north korea's latest nuclear weapons test. south korea has reinforced its defenses along the heavily fortified border. it strengthened positions near loudspeakers broadcasting anti-north korean propaganda, and also south korean pop music. president obama has been rebuffed by congress on gun trying tod is now convince a public that is skep
Bloomberg
Jan 19, 2016 7:00am EST
world, green around the world. china's economy taps the brakes. new data is weaker than speculated. good morning. ♪ brendan: welcome, i am brendan greeley. david and stephanie are on assignment. >> and i am cory johnson. matt miller has the latest. matt: bank of america and morgan stanley are out with their estimates. the $.32 estimate. morgan stanley beat on that level. 7.7, $4 billion worth of revenue. that is a bit better than what we were looking for. bank of america is out with $.28. that is better than the estimate on the street. revenue was a bit off. billion. what else have we got here? we have a ton of earnings. fiscal came out with year 2016 outlook. they are down 10%. we were looking 5%-10%. they are not given a $10 billion market cap company. johnson and johnson came out with a chop cut announcements. 4%-6% job cuts. inwill cost $2.4 billion pretax charges. so they are coming out with interesting news. shares are up 1%. the want to mention apple. goldman sachs put it on the conviction by list. goldman sachs says the guidance will be weak but the drop in the shares tha
Bloomberg
Jun 6, 2016 7:00am EDT
credit factors affecting the stock market in this environment. jack lew is going to reveal if china has made any progress or the market is more vulnerable to selloffs. that's another bloomberg exclusive. let's check in with our team for in-depth coverage. michael mckee is on janet yellen watch. anna edwards is talking about brings it. amanda kern is with the start of u.s./china talks. janet yellen will be speaking this afternoon. let's get the latest with michael mckee. what you going to be looking for most importantly? mike: since the jobs report, markets have pushed any fed movement packet to december. that's gotten some blowback from fed voters. and bostonnd fed says a rate hike is still on the table. we want to know if she is on the same page and of so for when. she may not be as dovish as a lot of people think. she may take june off the table. she wants to preserve her options for july. she can go back in time to the 1990's when the economy was about as good as you could get and talk about the volatility we saw then. and 1999, you could see the jobs creation went up and down like c
Bloomberg
Jan 7, 2016 7:00am EST
overnight with china after the central bank cut the mostreference rate since august which sparked a selloff in commodities and global markets. we go to hong kong with more. huge moves and more in the futures market? yes, what we have seen in the first few days of 2016 is this growing concern about global growth. china's moves are exacerbating this. this emphasizes the idea that chinese officials are worried enough about growth that they are making these dramatic moves. what does that mean for the global economy? we are seeing steep decline spur u.s. futures, steeper than we are accustomed to even on days when we see a sharp selloff. let's talk about china because not only did we have a steep decline but a market that was halted because of that. 300 over the csi past week. the circuitou had breakers activated for the first time in the chinese market. that was the first time they were an ever enabled. you see affect when drop of 7% or more in the market gets halted. i want to zoom in with my terminal. the falling off of a cliff and then the fault is the flatline and that's putting stopped abo
Bloomberg
Oct 16, 2015 7:00am EDT
economy that may be growing even faster than china. stephanie: will come to "bloomberg ." i'm stephanie ruhle. boy, did you have a big day yesterday. stephanie: i had a big day with the presidential front-runner, the one and only mr. trump. david: i cannot wait to get to that interview, frankly. i want to introduce matthew winkler. thank you for being with us, as well as mark halperin. respect," the afternoon program. great to have you with us. we want to start with vonnie quinn. benie: volkswagen appears to feeling the impact about emissions test scandals. than thew slower entire market, and vw's market share was the slowest since march. turkey says it shot down an aircraft that was violating its airspace. according to the turkish military, the aircraft crossed into turkey from syria. the turkish television network says the aircraft was an unmanned drone. in southern california, 700 vehicles are stranded on a freeway after a flash flood caused a landslide. it happened on interstate 540 miles north of downtown los angeles. no reports of injuries. it could take 24 hours to clea
Bloomberg
Oct 19, 2015 7:00am EDT
: now we go to global today we had to hong kong, where we saw china us economy expand quicker than forecast. still the slowest quarterly expansion since 2009. enda curran joins us from hong kong. we saw those numbers overnight. why don't you try to explain them to us. enda: good morning. it is something of a mixed picture from china. there is still plenty of softness. services and consumption are doing well, which is a key part of china's plan to transform the economy. but on the other side, the manufacturing sector remains weak exports remain challenged. there is still a lot of solvency in the real estate factor. gdp in the third quarter was better than expected. but there is a lot of issue on bonds that still needs to be ironed out. a long economy has to go way before it stabilizes and is revamped. stephanie: what is the market reaction to all this? the market took it in its stride because the volatility -- the currency has rained stable. the stark it -- the stock market has remained relatively stable. people are looking for maybe a pickup in growth going into the fourth quarter.
Bloomberg
Mar 14, 2016 7:00am EDT
you very much. a big weekend for china, a lot of data. pressure is already mounting a couple of months into the year to reach the gdp target of at least 6.5%. over the weekend, the central bank governor said there is no measure tomajor boost growth. recent data points to a slowing economy, but china's industrial output and retail sales, slowing in january and february. enda curran joins us from hong kong. how do these figures, these data of the week, playing into all of that? enda: like you say, we are getting a decent read on how china's economy has started 2016. notwithstanding seasonal , it is an disappointing start by all accounts. we are seeing sluggishness in an area where we were hoping for traction. hading into this year, we interest rate cuts, heavy fiscal stimulus, and a sweep of measures by the central banks trying to get lending and credit loans through the economy. retail sales are heading .ackwards some silver lining on residential's real estate sales, they are picking up there. vonnie: we never heard from governor zhou much before. how much influence does he have
Bloomberg
Oct 30, 2015 7:00am EDT
. david: and there you have the half-full part of the glass. next we will take a look at china's economy and its change in the one-child policy on "bloomberg ." ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. david: there is our morning of dawn behind the capital. stephanie: that is beautiful. david: welcome back to "bloomberg ." we are with matt winkler and tom keene his oppression from "surveillance." welcome. stephanie: that jacket is ok. tom: did i do ok? stephanie: yes. tom: i'm going as a panda. stephanie: as a panda? david: my son goes every year as a panda. stephanie: before we get into it, -- tom: this camera angle makes me feel like i am eight
Bloomberg
Jan 13, 2016 7:00am EST
manifest in markets in china. you have to regard the situation as one where risks are substantially tilted to the downside. that is the perspective that policymakers around the world need to have, especially in light of the reality that there is less ammunition. the result is ammunition stored up now that there was. interest rates have already been brought so low. central bank balance sheets have already been substantially expanded. i think it is a moment for apprehension, and for planning with respect to problems that could come. that: you have said regulators should hope for the past, but plan for the worst. you also talk a lot about secular stagnation. unpack what you just said. what are the specific things you are looking at in markets of any sort. whatn be commodities, fx, are making you most warming right now? larry summers: i think my general concern is that we have a chronic excess of saving overinvestment. that is depressing real interest rates. deflationaryng to pressures. that is leading every place to wants to have a trade surplus, and a capital outflow. the one thing th
Bloomberg
Oct 21, 2015 7:00am EDT
semiconductors which are in demand. is only place where uber almost as big as the u.s. is china. about 30% of the rise takes place there. will expand operations. and, federal prosecutors are already taking on the online poker business. now he is going after fantasy sports. this is according to the wall street journal. now every day we bring you stories around the world. now we are heading to beijing. much of the focus in asia today is on japan, but it is fitting your in beijing, it looked like this had to do with exports to china. indeed, they declined through china as with a lot of the other major asian economies. the top line number of the .6% compared rose 0 to expectations. .olume wise, it dropped 3.9% what this shows, it adds on to the jitters in the market from bad data out of germany. and, of course, china as well. the stocks in japan, they hit a seven-week high on expectations that such a bad data would lead to the bank of japan easing policy. the bank of japan will meet next friday at a policy meeting. it is not such a clear-cut decision. only 42% of economists expect some form o
Bloomberg
Jun 1, 2016 7:00am EDT
authorities would like to see. what do you see? enda: as to the stabilization out of china's economy, it has freed a little bit after a rocky start to the year but there is no real sign of a big momentum for the economy. all the fiscal and monetary stimulus, they are a little bit disappointed because they are not getting any real traction. let's see what the fed decides next week. if they do signal a hike, that will put downward pressure on the yuan and might trigger more capital, and china gets back in the game in a big way. i think the coming months are going to be more critical. stabilizing but few really think that china's economy is out of the woods. jonathan: janet yellen speaking in philadelphia june 6. a special thanks to enda curran. news, salesforce will be buying demand where, paying reportedly $75 a share. salesforce is a very successful business. their demand share is an e-commerce company, $75 a share is right. that is quite a healthy premium over what they ended at yesterday. we are going to move to a warning on the global economy. paris and go live to check in with ca
Bloomberg
Sep 6, 2016 7:00am EDT
regulatory approval, syngenta being snapped by chem china. berlin,aroline hyde in i do not think that story is over yet. jonathan: monsanto probably once a little bit more money and you have the regulatory issues. that is a big question for the corporate world. let's switch to central banks as the ecb meets paul gordon. he joins us now. the ecb decision on thursday, a wide consensus is at some point they are going to extend the qe program until her nose when. i guess they have some problems and they have to widen the pool of available assets. paul: that is the key. most economists see an extension of q8. 0.2%, 1/10 oft the ecb goal. it might not happen on thursday. split, it isly going to happen at some time. if you do extend qe, what do you buy? a lot of bonds are ineligible because of rules. it could be time to send a signal that you are about to do that. jonathan: a question about how did they do that. you could tweak the rules on the deposit rate or the share limits. the politics around the p, talk to me how controversial it would the politics around the capital t, talk to me abou
Bloomberg
Jun 13, 2016 7:00am EDT
trying to keep a debtn that in china -- on in china. the government still has a lot of work to do. >> thanks very much. chief asia economics correspondent. david: now the latest reaction of the worst mass shooting in u.s. history. megan murphy joins us on this very sad story -- the latest details. what are investigators learning? investigators are continuing to sift through the evidence, sift through this man -- omar who shot andmateen killed 50 people in orlando. they are trying to figure out what were the motivations for the attack. people this was what call and isis inspired attack. this is a man who did phone 911 and pledge allegiance to isis in the moment before the attack but investigators are still yet to conclude just how extensive those ties were. or the issue of another lone wolf attack that is going to become self radicalized. a very said day. we are waiting for a press conference from the fb i. this man was known to authorities. he had twice been looked at by the fbi. first due to threats he made in his workplace and also connections to other self radicalized americans
Bloomberg
May 26, 2016 7:00am EDT
? anastasia: india, china. you have to look at it in volume terms rather than dollar terms. -- they arerms still doing their fair share and u.s. is a drop. vonnie: coming up, time to bank on financials? an upcoming of rate hike. yellen'seans for timetable, next on "bloomberg ." ♪ jon: this is "bloomberg ." futures in the u.s. looking firm, dow futures up about .1%. if you look at the euro, the gains continue. the dax keeps climbing, this time by 48 points. thatr yen holding on to 110 handle. the story of the session is brent, the vti $50 watch. $50 watch. wti 2128 was the all-time closing high. anastasia amoroso is still with us. can we get there between now and june 15? i would not rule it out. it is only a 2% move from this point forward. what hasn't happened is the fears a stronger dollar unraveling. that has not happened. the fact that oil has been resilient and credit spreads are tighter ands points data is improving come all of that could push as higher from this point forward. if you look at fundamentals come if you look at earnings and look , we areple math slightl
Bloomberg
May 16, 2016 7:00am EDT
much. david: let's go to robin. there was more disappointing information coming out of china. please walk us to the data. the date if it came out over the weekend, there were slumps and industrial production. this reflects the dilemma that chinese policymakers are facing. try to control growth or affect it? --ry time david: we lost robin. thank you for joining us. now we need to go to vonnie quinn. vonnie: they will work together to detect missiles from north korea. they conducted a fourth nuclear test. the bombings and russell martin turning point that had not been a terror attack in a western nation for a decade. terrorists had been trying. onres of attempts of attacks airlines, roads, and bus lines in the united states and western europe. police work and occasional ineptitude prevented it more deaths. donald trump says if he is elected president he is unlikely to have good relationship with david cameron. s proposalsled trump' divisive, stupid, and wrong. i am vonnie quinn. jonathan: coming up, desperate for income and a yield starved world, investors are's peaking that also. is t
Bloomberg
Feb 4, 2016 7:00am EST
with the different factors that have investors so concerned. when you look at china, oil, for you, what stands out the most as what could put us in the worst position? simon: for china, the black box. no one really knows what is going on. the policies -- very limited conversations from the policymakers there about what they are trying to achieve. andmanaging the economy, then you put on top of that the falling oil prices am a as we read this week may now be a sign a weaker growth rather than sign of future, stronger growth, which would be expected with such a decline of your you throw in the geophysical turmoil, and the sense of the central bank -- even though the bank of japan and you see the are looking to do more stimulus -- that stimulus is less potent that it was was. following,ets are the central bankers will be there for us -- they might be there, but what they are bringing to the party is not as strong as it once was. stephanie: they will not be able to help you. investors that when we were in the mid-$30's, this was it. now we could be in the teens. where do you stand at
Bloomberg
May 31, 2016 7:00am EDT
growing sentiment that the msci will include china and its emerging market estimates. friday's jobs report is seen as key as why the fed will raise rates in june. michael mckee, what are we going to be looking for on friday? fedael: the key to the might break off in the lock. if you are not on your company's payroll on the 12th of the month, you are not counted. 31,500 verizon employees were off the payrolls during the month of may. take a look at a chart i brought along that shows the number of strikers. we have not seen this many since 2011 in august when verizon was on strike. look at what happened to job creation that month, 117,000 jobs created in july, zero that august. we could have the same sort of jazz performance and it could also hit hours worked an average hourly earnings. hike and she wants to given the comments she made last week, what do we think they are really going to be looking for underlying? michael: they are focused on prices and wages. they do want to see wages go higher and they will adjust for the number on friday but they will be looking at today's number on pce p
Bloomberg
Mar 4, 2016 7:00am EST
from the united nations. and the pace of china's military spending growth was increase between 7% and 8% this year, but the smallest since 2010. the estimate was released before tomorrow's national china people's congress. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world, i am nejra cehic. matt, over to you. matt: take a look at futures. we have gains across the board. albeit small gains. stocks are on pace for the best winning streak of 2015. the s&p 500 is at an eight week high. 1993, adding 2.5 points to futures. we will see what happens when the cash trade kicks in. dow futures are up 26 points. asia has its best week of gains this year. and of course, francine, you're talking about ripping up the script. i assume you are looking forward to tomorrow, or saturday in china, when they have the national people's congress. francine: it is like parliament. china is going to add more stimulus. you see the coming through in chinese numbers, and asia has been a roll -- has been on a roll all week. even with the downgrade, the slow downg
Bloomberg
Sep 1, 2016 7:00am EDT
-- is all about the data. china outperforming, that has helped the bid. >> italy and france coming in light, a mixed field across the globe. onhas a significant move asset classes. >> coming up, we will delve into all of that. take of america-merrill lynch head of economics joins us ahead of the jobs report. plus, why he says the fed should overshoot its 2% inflation target. >> 25 hours until the important jobs numbers, markets wait and see but we got global pmi's and a little bit of risk taken on. in the equity market, the dax off the high for the session but pmi cominga german in line with estimates and european banks seeing a huge rally, the biggest three-day jump since july. a little risk, especially across europe. the fx market, the stronger -- the u.k. pmi coming entity 10 month high, the other story is still going to be the relatively stronger dollar, the dollar-yen 10369, now at a one-month high, the dollar grinding slightly higher. , the china pmi coming in almost at a two-year zinc,leading copper, tin, nickel, the base industrial metals moving higher but oil not participa
Bloomberg
Nov 9, 2015 7:00am EST
: thanks very much, matt. it is a big week for economic data coming out of china. we started yesterday showing that exports dropped for a fourth month. imports are down 19%. we are joined by joyce chang. thank you for being here. we saw exports and imports down. how bad is it and how much does it matter? two-speedna has had a economy for a number of years. manufacturing has been coming down steadily. the trade surplus is at a record level right now. $61 billion. the surpluses are looking better. that has stabilized the currency, but you are going to continue to see the slowing in china going forward. stephanie: how about consumer sentiment? singles day is this week. emily chang is headed out there to sit down with jack ma. if we see a very big singles day , what does that mean about the chinese consumer that so many companies have been excited about? joyce: household income is holding up and that they have been better than the manufacturing numbers that we talked about. i think you will continue to see that china is growing below 7%. we have it coming down to 6.5% next year. you will s
Bloomberg
Mar 1, 2016 7:00am EST
also in china. the country's official pmi from manufacturing came in at 49 in february. the gauge hasn't been at little this week since 2009. timmberg intelligence gregor joins me now. i expected to be above 50 every time it comes in now. that it still tracking lower, trying to find a bottom, that's not encouraging. i'm a longer china bowl, and this is depressing. bull, and this is depressing. seeing this trailing at 48, which is a downtick is not good. the components underlying the pmi were also disappointing. new down, export orders down. jonathan: it's not pretty. tim: backlog is down. there is clearly a building sense of urgency. jonathan: the narrative will be china new year, it week, factory shutdown. we are making this transition from manufacturing to nonmanufacturing. you pull out the nonmanufacturing is trying to gauge worths is heading and gets not good either. tim: it's not good. right, you take all of chinese numbers early in the year with a little grain of salt. because the very big holiday. if you have anywhere from seven to 10 days of channel -- of travel, things do
Bloomberg
Aug 1, 2016 7:00am EDT
fit president even warning about september. takes a ride in china with dd. ending a fierce rivalry between two startups. jonathan: a warm welcome to "bloomberg ." i'm jonathan ferro with david westin and alix steel. know whatcircles, we it is for a big week ahead. they are supposed to announce fiscal stimulus. alix: i'm looking early jobs friday. what friday outcomes would materially change the risk perception in the market. i love that question. if they get a be key getting into friday. ofathan: for me, the bank england leaves forecasts unchanged. the overwhelming majority expecting rate cuts this thursday. that's going to be fascinating. alix: fascinating communications coming out of the boe. that trickle down into european stocks. rally into the recent coming off the biggest monthly gains this october. the hsbc global equity strategist ben laidler. lots of red on monday. thethan: lots of green in last five months. the s&p 500 has been win, win, win. to kick off this monday's trading is softer in europe, the ftse down about .1%. the dax marginally in negative territory. alrig
Bloomberg
Oct 22, 2015 7:00am EDT
. because, how will we compete with the wells fargo of china or the wells fargo of england? we bring nothing to the game. we tend to think of ourselves as , following our customers, we love our 3% but do not expect that to outgrow the we are doing in the u.s. whatanie: erik: -- erik: is jp morgan doing in asia? they all have their own strategies and some of them are very successful. for wells fargo, we tend to have a conservative view and we know what we are good at and what we are not good at. there is so much opportunity in the u.s. stephanie: what was your big take away? he insists that wells fargo is not changing strategies . not an unfair question. they did the deals with ge taking $50 billion of assets and talk about doing more lending to blackstone and going beyond their home term in credit cards. soundmore things that like the bank is more comfortable with risk and john stumpf insist not with the same bank we have always been. >> these big institutions look for growth. u.s. companies traditionally say let's go overseas and he is saying they will not do that. he has branches o
Bloomberg
Feb 3, 2016 7:00am EST
and not concerns over china. jim: china certainly is a part of it. oil is as well. i think to a degree we can look at this remote cause of this as the consequence of exercise and price control. interest rates are the most sensitive prices in capitalism. and world over, central banks have been manipulated, if not administering, interest rates. to the extent that this is a price control, to the extent that the price control is a failed policy -- matt: we know that already. jim: then we are looking at the consequence. matt: does this passage -- does this presage a recession? generally speaking, when the fed starts to raise rates, we go into a period when the economy is stronger. there is a required tightening of monetary policy, and many times those tightening's have led to recessions in the past. if they over tighten, which almost invariably they will do at some point -- maybe not this wee, and maybe jim is right, have to go back down and ease again because they went for lift off a little early or there were other headwinds that they were not taking into account -- nobody really k
Bloomberg
Jan 25, 2016 7:00am EST
u.s. exporters and it has hurt demand for oil in china and other emerging markets. the other thing to take into account is that we have had a lot of subsidies that had been removed over the last couple of months. taxes are changing. the pastor of lower oil to the consumer has been muted in many different places around the world. and his been more -- it has recovered through much more in the united states, but has not been as much. the other thing to cake into account is that when we see this high correlation between oil and the stock markets, it is important to understand what is causing it because they can be the same thing. isentangling what correlation and causation -- what is going on now is that oil is moving up and down in relation with the stock market because it is a demand-side issue that is driving both oil and the stock market. when it is a supply-side issue, it is affecting the oil market, then we can see that correlation start to break down. we have also seen a lot of economists reversing position on the impact of declining oil. the traditional thought is that it is a tax
Bloomberg
Mar 24, 2016 7:00am EDT
equities, down the most in two weeks. shawna -- china, we have heard a lot from the premier and pboc governor. what is the message from authorities in china? >> we have heard a lot from the top folks in the government here. the message is clear and consistent that they can get that 6.5%stay above goal they have set for this year and as part of the five-year plan. theave been hearing that at congress earlier this month and again at this conference of top leaders. the question is, how are they going to do that with the plan unprofitable state-run industries? it is a tough question. heard, from his press conference, that they can do both. they can balance the economyuring to fix the to make it more modern and key people employed and keep growth above their target. : it won't give you a much of a reed in on what is happening with the general economy. >> we have looked at the early indicators for the data from march. some survey-based things of companies and other indexes suggest there is a stabilization, but it is not good levels. we will get our first look at the official data on the fi
Bloomberg
Feb 23, 2016 7:00am EST
media in china. news, 24 hours a day, powered by 2400 journalists in with an 150 news bureaus around the world. i'm nejra cehic. matt: let's take a look at the markets. futures are down across the board, not much change across the s&p and dow jones. in europe, it would like we could get our cues from the continent today and london, which may soon not be a part of europe. and the cacown .8%, down .45%. down into600 broken extra groups. a deeper look into what's actually going on over there. the interesting thing, guys, is that you mentioned the standard chartered story. it's a bad deal for banks, and yet banks are one of the only gainers of all of the stoxx 600. the losers we see utility, homeance, personal and goods, really, the very defensive sectors are what's losing. even though standard chartered is down right now, we see other banks that are putting up big games -- big games. -- big gains. the losers are household names like unilever. stephanie: one to put into context, the banks of gotten beaten up so hard that one of the reasons we could look out and say they are gaining today
Bloomberg
Nov 27, 2015 7:00am EST
glad you're were able to stay up late for us on this friday. our beijing bureau chief in china. today is black friday. an american retailing tradition but less than it used to be. shelly is with me. the walmart is a caucus, new jersey. one of the busiest in the country. you are on the ground. why don't you tell us what the mood is like there after 7:00 in the morning? it certainly looks like one of the business in a country last night. it was everything you would expect a black friday. despite there being more deals online. talk of retailer spreading out black friday. the store was packed. the lines were long. electronics was slammed. i saw the same thing at a target. lines for apple watches. right now it is 7:00 a.m. but people are still flooding into the parking lot. it was quite a 6:00 a.m., but shoppers have come out. we'll see at the end of the weekend if they are the same numbers as last year, but despite the deals online, folks are in the stores. erik: there has been no holiday weekend thus far for you. you spoke to the target ceo yesterday. what did he tell you? he's inspectin
Bloomberg
Oct 20, 2015 7:00am EDT
>." ♪ "bloomberg welcome back to." yum! brands gets more than half its revenue from china. gets major talks to sell its -- sandisk has market capital of $15 billion and a deal could be reached this week. and the new apple tv set-top box goes on sale next week. tim cook made the announcement "the wall street journal" conference in southern california. apple has sold tv devices before, but for the first time developers will be encouraged to make apps for it. david? david: now to global go. as we have been talking about chinese president's asian paying makingident xi jinping his visit to london, caroline hyde is outside buckingham palace per the have been watching her all morning long standing there with all the crowds. what we have been talking about is how much of this is pomp and circumstance and how much is good, hard business going on? is economic really bank for the buck. -- economic bangs for the buck. you can hear the ceremonial ,hots to welcome xi jinping $446 billion worth of deals set to be done in these four days alone. we talk about the energy industry, money coming in from
Bloomberg
Nov 11, 2015 7:00am EST
, to write here in new york city, welcome to "bloomberg ." david: give a big difference china, to london, all around the world. if francine lacqua here to covered with us. an important day, i'm also coming off the victoria's secret show last night so with a bit of a tire day. i was in the audience, obviously in the audience. [laughter] stephanie: there were a lot of with that love america there. david: you december the first bird with bonnie quinn. bonnie: it was a record-breaking day for singles in alibaba. the e-commerce giant beat last year's sales with still 12 hours to go. is trying to reverse the companies plunge in market value. russia has come off with a plan aimed at ending the civil war in syria. the plan calls for syria to vote on a new constitution. this russian plan makes no dussian -- mention of assa stepping down. republican presidential candidates battled again last night in there for the debate. eight of them were onstage in milwaukee. one of the things arrested that was how to reform the financial system. >> would you bailout the big banks again? absolutely not.
Bloomberg
Dec 28, 2015 7:00am EST
is declining quite sharply, with industrial production falling in china. that is having an effect also. ipo's also having an effect there. we are seeing a feedback loop to down.an stocks between oil and china, it looks like a little bit of a negative tone to start the day. david: thanks very much. fedex is facing tough criticism on social media after failing to deliver packages by christmas due to severe weather across parts of the country, or so they say. #fedexfail is trending today. ed, explain to us how big a problem this is for fedex potentially. are goingle of things on. we saw in 2013 that there was sort of this short-term reputational hit that ups took when it was unable to deliver parcels, and that ended up spilling into some preparation into 2014, and it ended up being too much preparation. there were people in the facilities sitting idle. so you get that short-term response to make sure that it never happens again. the second thing that can happen is what happened with ups in 2013. they spent a lot more money than people working over the holidays. we do not have the dim
Bloomberg
Mar 28, 2016 7:00am EDT
s&p 500 futures a little bit firmer, up by six points. dow futures up 42 points. china closing lower, down 7/10 of 1%. up .8 of 1%. switch up the board. japanese stocks higher, dollar-yen higher for the seventh straight day. a stronger dollar, the theme across the fx market with the euro weaker once again weaker, marginally. back to the low, 40 bucks a barrel. vonnie: it is one of the reasons why the dollar has been strengthening. jon: last week i got excited because the rate count -- we start rolling over and crude went with it. here is your first word news. syrian forces have scored an important victory over islamic state, taking over the ancient city of palmyra. stateshows islamic destroyed many of palmyra's statures and monuments. in pakistan, an offshoot of the isiban says it responsible for a deadly bombing, that killed 72 people and wounded more than 300. many were christians celebrating easter. it is the worst attack in pakistan since the massacre in 2014. bernie sanders wants to debate hillary clinton on her own turf. sanders is calling for a debate in new york before the st
Bloomberg
Jun 9, 2016 7:00am EDT
hand. is 85 years old, almost to say i have to be involved here. he is worried about china, and the u.s. equities market. this is a very bearish take. david: especially going short the world, you he says this is going in the wrong direction. amanda: for those who thought that bonds finally going to a they thought, he says nope. as deflationse comes out of a week china. at least two years, or so. whenever george soros takes a major position, you pay attention. amanda: i'm wondering if the world is paying attention today. lots of negativity. coming up, we discuss a bank leadership. ♪ okay, ready? whoa! [ explosion ] nothing should get in the way of the things you love. ♪ get america's fastest internet. only from xfinity. david: we take a look at the markets right now. function. gmm we basically have a tale of two asset classes. one in the red is equities, then the greenwich's bond and the debt. this is a risk. you can see across the european equities we are down. at the same time, bonds are up. people are going away from risk right now. commodities have been up quite a bit this we
Bloomberg
Nov 12, 2015 7:00am EST
a barrel. copper especially low. six year low. getting hammered by the news out of china of just not lending as much, not putting out as many new loans. the economy is slowing down. dr. copper, because it measures the health of the chinese economy. glencore, speaking of commodities dropping below a pound for the first time in a month. sixth straight day down. you can see glencore trading at 94 pence. and we, glencore, we also had rolls-royce also getting crushed in london. down 22% right now. as it says earnings will be hit by about $1 billion. a lot of big problems over at rolls-royce since it brokered partnership. i'm going to bring you some retail earnings. quarterad a third eps, 75 cents. kohl's beating the streets estimates. billionooking at $4.43 in sales, also beating estimates. so kohl's coming out with a beat on the bottom and top line. retailers a hot topic. david: let leads us into our first topic. we do want to talk about retail today. and i know shannon you have talked walmart about their plans for the holidays. let's talk about yesterday. what happened at macy's. ha
Bloomberg
Dec 22, 2015 7:00am EST
about balance sheets and credit. you mentioned china and fiscal stimulus, adding support to the market this morning, you will get the same demand that you got over the course of the previous five years when you had a massive infrastructure buildout that facilitated the boom in base metals and steel and iron ore. the chinese announcement didn't seem to have much to do with oil consumption. megan: absolutely not. we talked about this earlier, when we see this filtering through, is there a reprint that you can see? when is the pain going to start to the seed? >> if you look back at the last dollar bull market, it lasted five years. embarkingentral banks on their own quantitative easing. the federal reserve is shying away and we are facing rising interest rates. it tells you that there could be more to the dollar rally. stephanie: what do you think? >> so many people were incorrectly positioned for the dollar rally. how many people are talking about hyperinflation at the collapse of the dollar, qe is going to destroy the greenback and too many people were on the wrong side of the tr
Bloomberg
Nov 2, 2015 7:00am EST
the china come interesting that week manufacturing data in asia does not drive us down and european markets are rebounding as well. the reason may be because of a couple of deals. eps is missing on the figure, but a $5 billion share back and a $23.5 billion deal to buy back visa europe, which it sold seven years ago -- you can see they missed at $.62. shares are down a little bit. shire also making a deal to buy dyax. ats is a live trade, down 1% 48.67 -- at 4867. dyax will show a gain here. shareholders are happy with this indeed. david: besides being hollow wing, we are starting a new month. in october we had a great month in the equity markets. i guess i have really two questions for our guests i will start with you, joe. why did october happen? will it continue into november and december? stephanie: because it is the 10th month of the year. why was the rally? joe: i do not know why and what is going to happen next. there are two things that happened. one is we got this huge rally starting in the beginning of the month after a weak jobs report. strong rally after weak data, so pe
Bloomberg
Sep 13, 2016 7:00am EDT
policy decision. hopes fade away. reinforce china. largest 's second economy rebounds. ahead. >> and crew change of heart. tkpwhrut will last longer than initially estimated. ferro alongside david westin and alix steel. >> i feel like we've walked up back down d walked the hill. nothing fundamentally has changed alix. a rotation been within the aspect class market. america out with their fund level. level at september 5.5. >> you wonder whether that comes given what we've seen. resilience in the last 24 hours. futures seem to be negative. in a repeat of yesterday, down in the european session about dow.points on the then we come back up as things start to unwind. be interesting to see. >> kicked back nicely yesterday. pause or are we seeing a rotation or minitemper tantrum? that.ll be dissecting we have some great guests for tabckling the feds. scott e joined with minors. he will reveal his big call on year note. plus, later we're going to head buenes ares. but first, you're standing by to market.the it felt a little bit down this morning but except you look at commodities. g
Bloomberg
Dec 11, 2015 7:00am EST
already was a lot of m&a fervor. you talk about sin genter with cam china -- you talk about sin -- le the overlaps are not as significant as you would think. it seems to me very likely that this will go through. it is a very logical deal, and it will create stronger competitors on the global stage. david: josh, you have spent a fair amount of time in washington. chemicals companies, that is not the way it is looked at. josh: this is partly about the real substance in the individual markets where there is overlap, then the politics behind it. there is no question that the spin will help with the politics, not to have one huge company at the end of the day. alan: normally you do a merger of giants as a condition of agreeing to sell something. in this case they have agreed to create a third company. stephanie: what are the stocks doing? matt: let's not forget that we knew about this deal he couple of days ago. we are getting verification now, but we had the scoop. that is being priced into the shares. dow shares are up 12%. this morning you are going to see less followthrough in the actu
Bloomberg
Dec 14, 2015 7:00am EST
., germany and japan. china lands to create the world's largest carbon market by 2017. more on these and other breaking stories on a four hours today at the new bloomberg.com. ramy inocencio has more on the markets. ramy: u.s. futures are mixed. the dow as what -- at one point was as high as 75 points, but now it is into the negative. this is after we saw markets close at their lowest levels last friday since september 28. the s&p fell. you remember then, 4% less weight, which was its worst week in a month. of course, so much of that had to do with the route and oil we have been about for the past week, the past month, the past year. let's look at nymex crude. it is falling again, now pretty much at session lows. its seventh day in a row of declines. this is the longest losing streak since 2014. reasons, irann says it will boost exports, the deputy mom oil minister saying there is no chance of delaying an increase once sanctions are lifted. opec is saying the overslept by -- the oversupply will continue. falling at also lowest lows, down at its intraday level since 2002 year to date
Bloomberg
Oct 26, 2015 7:00am EDT
. down 12% right now. >> high drama. china, todayut in they will start with meetings in 370 touch ie than officials are gathering to revise a new five-year plan. joined by oure expert on all things x -- economic. we woke up this morning to discover that the markets did not react too much. there was a big reaction here on friday, that today it did not seem like much of a reaction in beijing. could you please tell us how big a deal this really is as you see it from asia? >> track for their slowest pace of growth in 25 years. it is having a big impact on asia and the world. they are meeting this week to thresh out there next economic plan. lots of observers have been warming back their expectations. get a sense might to just how slow we have been growing. we are looking at a target below seven percent. it is significant for the rest of the world. >> are the markets absorbing this? is china committed to the 7% number? i think there is a sense of the expected at this stage. it is understand -- understood that china's economy is slowing. we are in a. and a senseterm that the currency has r
Bloomberg
Mar 7, 2016 7:00am EST
about to give you a good show. iron ore is up. china is in the news and helping us to kick things off today is jeffery gardner -- jeffrey garten. he has a new book. jeffrey, welcome. we have a lot to cover this morning, but first let's get to first would news with caroline hyde in london. caroline: u.s. vice president joe biden is vowing to "wipe out this evil that is islam a state." he was at united arab emirates, where he spoke to troops. he says the u.s. has carried out 1800 airstrikes against islamic state since october. angela merkel says she hoping for talks to be cut,. angela merkel and other european leaders are holding an emergency summit in brussels today. they want turkey to do more to stop migrants. nancy reagan is being remembered as the first lady who nurtured the political career of her husband, ronald reagan. she died yesterday. the couple met when they were both actors. illegalaigned against drug use and became a advocate of stem cell research. she died at 94. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world, i am
Bloomberg
Jul 29, 2016 7:00am EDT
comes ruchir sharma. , "though many americans see the u.s. as deeply ad hoc to china, the fact is that china is more reliant on easy money for growth, putting the state in washington's hands." is tom keene, and this is a timely piece. you look at the bank of japan and what england is doing, it puts it in perspective. tom: using the phrase -- exorbitant privilege. ruchir sharma is absolutely correct about exorbitant privilege. not only the dollar but also the politics and economic that backs up the dollar. it is the strength of america, politics, as you saw last night, an original position of america that leads us to be the dominant force. david: and he puts in his piece numbers that i didn't have in my head, two thirds of the world reserves are held in dollars and 90% of trade is dominated in dollars. i didn't realize it was that high. tom: very important within the media blast of the bombardment that we have of negativity about the u.s. and trade economics. ish that said, the headline .hat trade has been soggy david: one of the things he points out in the peas is that it is great
Bloomberg
Oct 15, 2015 7:00am EDT
growth is china. >> there is some pressure, but there is not a complete tethered to what you read in the news and what you see in the stock market in china. we have supercenters in china. great.doing we bought the rest of an e-commerce business based in shanghai. we have set the stage in china creating a seamless shopping experience for customers. david: shannon, are they looking for growth in china? shannon: they have been struggling in china. even before whatever is happening on the macro stage. 2-3 years ago, they were still struggling in china. they have a branding issue in china. which is interesting. .almart is known as cheap the chinese consumer does not really like cheap, they like quality. they like a deal, but they like quality. walmart does not have a reputation in china for having great quality. they have product issues, meet quality issues, they are trying to turn that around. they have an image problem. stephanie: they have a branding problem here. people go there for cheap stuff. that is what they are branded as. target and kohl's are value propositions and they have aspir
Bloomberg
Sep 19, 2016 7:00am EDT
settlements is once again sounding the alarm bell in china after a review shows the credit to gdp gap as well above financial risk levels. jonathan: a warm welcome to "bloomberg ." , live fromn ferro new york city. the overwhelming consensus is the boj is the bigger one, but no consensus as to what they are going to do. david: also, they have more options open. a lot of variables in this thing. they committed or interest in to see what's going to happen. alix: the super bowl of financial markets is wednesday. i don't watch football, but morgan stanley is out with a note today saying the yield curve in japan met stephen anymore. we've seen a 50% retracement from january levels. they don't want that much of a steeper euro. big question for the fx trade is if they come to -20 basis points to you by resell the end -- the yen? alix: a great show, with richard clarida, coming up later in the program. jonathan: a positive turn to the market after negative and last week. futures are positive up about nine points, .4%. in europe a rally on a stronger footing, the ftse up by 1.4% in the dax
Bloomberg
Oct 14, 2016 7:00am EDT
of the openers. china may merge cam china with dino tim. jeopardy their purchase by cam chen. -- cam china. you have a lot of things going in this area. ?hat will happen is syngenta look at yahoo!. it was down 2% and is now inching higher. verizon may reopen some deal terms after the latest discovery on that data breach. over in london, take a look at man group. listed hedgeargest fund. it has an asset under management that grew $1.3 billion. that stock is getting a boost today. david: it's your favorite. oil. it's been in the news this week. we have an opec deal that could extend it to russia and iran. we will talk to the man who wrote the book. this is bloomberg. ♪ jonathan: this is bloomberg daybreak. let's get a check of the markets for you. jpmorgan is up almost two full percentage points. they smashed it out of the park on fixed income trading revenue. one liftedyou this all boats. futures are positive across the board. futures are up 88. this one listed berkeley stock as well. the ftse is higher by almost 9/10 of 1%. there is a speech from janet yellen. yields are up higher.
Bloomberg
May 10, 2016 7:00am EDT
crisis -- in china continue to rise. nathan: walt disney and allergan report today. ♪ david: welcome to bloomberg go. i'm here with david -- i'm david westin. i'm here with jonathan ferro and amanda lang. manda: we had deutsche bank's .hief u.s. strategist plus searchlight capital will be with us on ways his private equity firm is finding opportunity in a low growth in the late environment. and we have a look at the markets. here's your update. shaping up for a second day of gains. futures positive of 65 points on the dow. overall it seems like -- market this morning. theda: let's go around world for in-depth coverage of our top three stories. robin ganguly is in hong kong. matt miller is here in new york. and francine lacqua is in zurich. let's start with francine. why the big jump in the stock this morning? the jump in the stock is basically because we had earnings that were not great but they were better than analysts thought they would be. they're trying to execute the strategy unveiled in november that he had to update in march when things got uglier when he thought the
Bloomberg
Feb 10, 2016 7:00am EST
china, japan, brazil, or is it the economy improving slowly? we have breaking news right now. matt: first i want to give you news on time warner's dividend. if you are a shareholder, you will be happy about the fact that time warner is raising its dividend. well, you might be happy. $.40 -- to $.40, a quarter per share. you are getting a next her nickel and a quarter per share. as far as earnings are concerned, we have eps from $1.06 fromops, at time warner. we had total revenue at $7.08 billion. i will look and see if those are comparable, but the dividend increase and the $5 billion share buyback program are things that can move the stock. i want to talk with vonnie quinn from first word news. vonnie: voters in new hampshire sent a message to establishment candidates for both parties. a billionaire and a democratic socialist won the nation's first presidential primary. john kasich was a surprise second with 16%. in a victory speech, donald trump sounded a familiar theme. donald trump: we are going to make america great again, but the old-fashioned way. we are going to eat china -
Bloomberg
Jan 14, 2016 7:00am EST
suggest it is because of events at the start of 2016, such as china, he might back off but he has not backed off. the bank of england has talked about market volatility, it's as market volatility has underlined the downside to global growth. it said the oil price drop mean the cpi pick up will be more gradual. the bank of england in its quarterly inflation report in november stipulated that the consumer price innflation -- inflation would remain below 1% until the second half of next year. it noted the oil price drop and said inflation take up would be most gradual -- more gradual and it mentioned the pound, it says the continued deep out -- pound depreciation could lessen the price on the epi. the pound has been cited by the bank of england as being a dragging factor on inflation because the pound has weakened since december. that has taken away that downward pressure. no change in rates, mccafferty stays the only talk but good factors on the pound and the level of the oil price as well. >> the bank of england unchanged, most economists expected that to stay that way through the firs
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