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Bloomberg
Aug 14, 2017 2:00pm EDT
administration looking to turn attention to china to step up pressure on the country's abuses of intellectual property rights putting trade relations on the line. and taking a bite out of blue apron. requiring a 2% stake in the meal delivery service. in two hours.lose we check on more with abigail doolittle. we are building right now? we had a pullback, then a little bit of a rally. really building on small gains from friday. the nasdaq all sharply higher. of the for the best day week in months in some cases. s&p 500 on pace for the best day since april. a rebound from the selloff last week that was induced by geopolitical tensions. investors are looking past that. this is par for the course of intellectual partners, suggesting that five days after a big selloff tends to bring a pretty decent rally. this is the imap map in the s&p 500, a way to get a quick look at what is happening sector-wise. all sectors are trading higher. up top we have tech and financials sharing the top spot. real estate and financials both of their considering the yields rising are helping the financial se
Bloomberg
Jan 11, 2018 2:00pm EST
daily press briefing to announce the next step to implement the tax code. and china creates challenges. we look at the world's second-biggest economy as it adds to bond investor worry. we are one hour from the close of trading. let's check on markets with abigail doolittle. that posit, was just that yesterday. pause, was just that yesterday. abigail:. take a look at the nasdaq, really leading the way. as julie mentions, record highs right across the board, relative to the new year they major averages are up seven of the eight days. so, lots of optimism ahead of earnings. julie also mentioned oil as a driver. oil right now is only up a little less than 2/10 of 1%. oneier oil was higher by point -- by 1.9% four days in a row. there are lots of thoughts about the fact that u.s. stockpiles are low and that is a positive driver, a bullish driver for oil, certainly helping the energy complex today. energy is the top sector for the s&p 500. even though we have oil higher we have the airlines hire. typically when oil is can pressure the airlines but take a look at the gains on airli
Bloomberg
Nov 1, 2016 12:00pm EDT
toward korea is well. there is still some geographies we remain guarded against, china for one. mark: matthew beesley, head of global equities at handers. vonnie: lots more to talk about with matthews, but happening right now, donald trump and mike pence are campaigning in valley forge, pennsylvania. you can watch this on bloomberg as live go. more on politics ahead as both candidates seem to be preparing for a postelection battle. this is bloomberg. ♪ mark: live from london and new york, counting you down to the european close, 17 minutes away. vonnie: you are mark barton and i am vonnie quinn in new york. becausemove to politics the hillary clinton and donald trump campaigns are gearing up for a close election battle, deploying volunteers and lawyers to monitor polls and possibly challenge election results across the country. trump is speaking live in pennsylvania. joining us is ben bodie of bloomberg politics. staff at there is every election to make sure things are going smoothly. are there many more being hired on each side this year? ben: there is some indication there is. a
Bloomberg
Mar 3, 2017 10:00am EST
could get more expensive. vonnie: i have to ask about china. you are a big china watcher and have been involved all these years with china. does a relationship change in the next four years with the new administration? would you be less bullish on u.s.-china relations? michael: there is a lot of headlineshat hit the and never hits the real world. the same will be true of china. is lessvaluations expensive than the u.s., or not as expensive. china is really inexpensive. we'll get numbers out over the next few days and they will continue to grow at 6.5%. the companies will grow at least that if not more and at the end of the day, you will make a lot of money and the best companies there are as good as any in europe or the u.s. vonnie: we are out of town -- out of time. michael holland, thanks for joining us. stay tuned for janet yellen's speech at 1:00 p.m. new york time in 6:00 p.m. london time. before that speech, be sure to capture real yield. they will be examining the growing odds for a market rate hike. let's check in on first word news. >> in europe, more fallout from the controve
Bloomberg
May 15, 2017 2:00pm EDT
china will import more crude and natural gas from the u.s. >> the u.s. has very rich oil and gas resources while china needs to diversify its imported crude supplies. american crude will be one of our options as the u.s. government is listening restrictions on oil experts. -- oil exports. it is important for china to expand its natural gas ratio from the current 6% to 10% or 15% in the next five to 10 years. stayet: oil prices will near current levels for the foreseeable future. estimate the price per barrel will be around 50 u.s. dollars. 60h possible short term, u.s. dollars is not sustainable. the oil price will see a slow recovery in 2018. however, prices will not get , 100 u.s. dollars. ofia: china soliciting tens ilion to dollars in global infrastructure deals to bolster its economy. how will the double-edged sword fuel spending and affect the world economy? at the peterson institute, a former u.s. treasury department undersecretary for international affairs. he's just back from china. thank you for joining us today. tell us what your view is as you've returned from china.
Bloomberg
Apr 6, 2017 2:00pm EDT
recognition of taiwan and taiwan's leader as an equal. china reminded him of that by telling him -- by not speaking to him for a couple of weeks. tocalled president xi reaffirm his position on the one china policy. let's get you to abigail doolittle with a check on the markets. less than two hours to go before the close of trading. abigail: gains in the major averages. the dow, s&p 500 and nasdaq all up .3% or more. this comes after the bearish reversal yesterday. we are starting to seeee more volatility. we had the big selloff more than two weeks ago. volatility usually breeds volatility. today's calm may not last. more of a pullback is ahead. that point.port in orange, we have the vix. up top, we have the s&p 500 in white. over the last 12 months, when there have been big divergences among volatility has spiked higher as stocks moved lower. now, we have the big divergence -- on the vix, we do have higher lows. the vix could spike higher as stocks moved lower. trade, of the trump stocks are possibly well higher -- some investors and saying they are looking elsewhere come --luding jeff
Bloomberg
Mar 27, 2017 12:00pm EDT
, the big story in m&a was china outbound. you know, china deals into europe, china deals into the u.s., and we had a record year. everything seemed to be humming and run ago long fine until, say, november, when the chinese government issued some regulations, if you will, to cut back on the deals, and obviously candidate trump was bashing china all along. where do things stand now? it really feels like it's slowed down pretty dramatically here in 2017. john: i think in the short term there are some considerations that have to be taken into account. there was a fall leadership report that built on 2016's $140 billion of m&a out of bounds activity from china, which was the largest ever and made china the second largest outbound investor in the united states. if you look at the china economy and what that should bring and result in outbound m&a, we predict that it could grow to $275 billion in the next 10 years. that's an enormous amount of m&a. we have short-term considerations with restrictions on capital outflow, with some overfleveraging in the corporations in china and some finan
Bloomberg
Aug 15, 2017 10:00am EDT
. charlottesville continues to swirl. >> than the investigation into china. talks are set to start tomorrow. >> the u.s. retail picture is starting to heat up this summer. july.10 of stronger than home depot seeing another strong quarter. thee 30 minutes into tuesday trading day. julie hyman is here. >> today, not as great and we are seeing stocks -- the s&p and nasdaq in particular have been going negative for a brief moment in time. the dow the best performer of the three major averages. is factoring into what is going on in the bond market as well. we got those sales numbers. they advance in july by the most this year and it was a broad-based advanced interestingly enough. we are selling in the bond market. it yields rising to their highest since august 8. that is happening -- having a ripple effect in the aftermarket. you will see a very clear split between financials which are benefiting and real estate on the flipside which tends to be heard by those higher yields. you're seeing a bit of a flip, although it is unusual that utilities are a. will continue to watch that the patient. also
Bloomberg
Jan 18, 2018 12:00pm EST
where going to see a lot of imports of capital goods coming from germany, china. if trump is worried about our trade deficit, i think this tax cut bill is going to add. >> even with the weaker dollar? >> yes, i think the dollar is weakening because it is trying to correct itself -- it is trying to get china, the gdp numbers and had overnight was about exports much more than it was about chinese growth. a huge jump ins imports, and i think the dollar is trying to correct and rebalance the situation. >> we get fourth-quarter gdp numbers next week, and will keep an eye out on that. stephen, thank you for that . still ahead, we will head to capitol hill for the latest. this is bloomberg. ♪ vonnie: this is "bloomberg markets." the capital having asshbacks of 2013 has -- washington edges closer to a government shutdown. votes, pauline is goes this team, but mark meadows disagrees, saying the speaker does not have the votes, at least not yet. kevin cirilli is on capitol hill with the latest. kevin come up with all, speaker ryan has the votes -- is it even matter if the senate can shoot hi
Bloomberg
Sep 18, 2017 12:00pm EDT
russia and china together. he is having a lot of meetings this week. latin american leaders, the israeli prime minister. he is basically made everybody. will he use the u.n. as a vehicle for u.s. action or will he be getting it to try and do more? >> i think he wants to take advantage of the fact that you have 200 world leaders here in new york all at once. he wants to make progress on these issues. not all of them from his point of view will have a u.n. solution. big decision on the iran nuclear deal coming up next month. he's going to be talking about the reform process. he's going to be talking with china on the side about trade issues. he and do an wants to do in foreign policy he has a chance to work on this week. the president is not attending. how much does that affect his pressure on china? deliveries issue has been a big stumbling block for the u.s. and china when it comes to dealing with north korea. hold has always wanted to that card very close. there was some success in the latest sanctions that it does make it a little bit harder with the chinese president not being there.
Bloomberg
Nov 9, 2017 12:00pm EST
cuts until 2019. in china, president trump pins the trade deficit on predecessors. he says the trade between the u.s. and china has not been fair. and capital yields, one-on-one with senator mark warner of virginia. what the senate intelligence committee chair has to say about the latest in the russia probe and the latest senate tax bill. julie hyman is with us. we are halfway through the trading day. we did see a little bit lower. julie: i think the black screen behind you was reflective of the mood. that is what they are trying to convey after the headlines regarding the corporate tax rate cut. already, there was some risk-of sentimentsf -- risk off sentiments today and that sent stocks to the lows of the session. as welle of the majors as the russell 2000 now at the lows following the headlines. there has been a lot going on overnight. there were some gerbils and the japanese market, european stocks fell, -- there were some jiggles europeanpanese market, stocks fell. the u.s. dollar also a late lower after we get the headlines. they came back up and then dipping again, down about
Bloomberg
Jan 9, 2018 2:00pm EST
with members of congress was "very good." china's fx whirlwind. a long-held policy that is seen as support for the currency is scrapped. plus we will be speaking with the ceo of centene about how the new tax law is changing the obamacare landscape. plus will he be making any deals following in the footsteps of cvs-aetna. six straight days of record highs. the bulls just keep on going driving the market for these gains. inhave the dow up the most the three major averages. the nasdaq on pace for its best when streak since the beginning of october. lots of optimism and one driver could be earnings. the fourth quarter earnings growth in a year-over-year basis should come in at 11.9% to that's the best since the first quarter of last year but we see 2017 very strong relative to earnings growth. could be one reason the s&p 500 had its best year last year since 2013. suggesting the strength we are seeing could just continue in 2018. another driver on the day, oil. up 2.3%. there is optimism that supply will be tight and taking oils to level -- oil to levels last seen in december. .e have
Bloomberg
Dec 7, 2016 10:00am EST
for a high-level post. in the meanwhile, he may be softening the stance on china. as evidenced as his pick of terry branstad, picked to ambassador of china. joining us now with more is david westin. david: more important, we are joined by thomas barrack. hisreal claim to frame, friendship with donald trump. let's start with the china question and terry branstad. what should we weave into the ambassador to beijing? thomas: you read into it as a considered and thoughtful and calculated choice. longest branstad is the standing governor in u.s. history, i think, almost a 30 year relationship with china. to the key with china is curate politics and business in , coltssubtle, long-term really sensitive way. so i think the signal of taking somebody who already understands the hardships, who has a reputational capital with in a setting that the trump administration has already sent sound waves to say, by the way, the discussions that we are going to have need to be really bilateral. and we want a great relationship with china but we need it opened both ways. and this is how we will have a str
Bloomberg
Dec 16, 2016 12:00pm EST
500 trading at the lows. there was a report that surfaced from reuters saying china's navy seized an underwater u.s. drone. to have perhaps sparked an initial risk off tone. we see the s&p 500 slightly higher. we go into bloomberg and take look at g #btv. we see it with the dollar and gold also. we see the u.s. dollar dropping lower. gold the safe haven. this might confirm that there was some sort of an initial reaction to that report. sticking with china, this is a very interesting chart as well in the bloomberg. t is g #btv 537 o. -- 5370. this is a 10-year chart in blue. japan holdings of u.s. treasuries n white china's. for the first time since 2008 we have japan overtaking china's holdings of treasuries, both roughly around $1.1 trillion. huge holdings. it is interesting to note that it's also worth noting that was as of october 31 before president-elect donald trump was elected. tense relations there may suggest this could even magnify or diverge more in the months to come. finally, the u.s. stock market has outperformed china over the last month or so. e do have the s&p 500 up
Bloomberg
Oct 13, 2016 12:00pm EDT
china and -- where both china and the federal reserve had gotten their management of messaging. if there is a rate hike, they betterll a story of a u.s. economy but one that remains data-dependent. they've done a lot since the beginning of the year to get the message out that they are very much aware that they cannot the verge so far from what is going on with interest rates -- cannot cannot diverge so far from what is going on with interest rates in the rest of the world. my: you are sick -- mike: you are saying that this is unlikely with chinese instability earlier in the year. mark: it will not cause the ripples in the next few yet -- few months that it did earlier in the year. overweight market weities in part because think the fed is going to do a hike in december because the u.s. economy is doing better. but it's not going to continue to hike at such a pace to choke off the growth in the u.s.. keep in mind the dollar is off its highs. oil is off its lows. the consumer remains strong. we think earnings -- u.s. earnings are going to improve in the second half of the year. mike:
Bloomberg
Jan 24, 2017 10:00am EST
the same time you can never does have other central banks keeping rates low. mark: what about a china deceleration? >> china deceleration is very much on our radar screen. you may have noticed that china raised rates overnight briefly on one of their measures. they have a real set of asset bubbles that they are trying to contain financially. we don't think we end up seeing a hard landing in china, but we do think growth ends up being a lot lower than the market expects. and that is going to create a balance point to the stronger growth you are seeing in the u.s. coming europe, and in japan. bonds, think about everyone is afraid of rising rates. the reality is, if rates rise slowly, you're still going to earn a very good return in the bond space. growth shots of a downside are what you own bonds in your portfolio. mark: ashish shah, thank you for joining us from global credit and head of fixed income for ab. segment.our etf etf's did extremely well. 2017 with growth of performing value your today. here to tell us more about the two strategies, abigail doolittle. thank you. as i do and
Bloomberg
Dec 20, 2017 10:00am EST
is. cifs and just in the name, the only thing accurate is china. there is nothing internet about it, there nothing nationwide about it, and from our vantage point, it is a fraud and total zero. erik: you call this in the report muddy waters publishes ero.y, a cane 0 -- king z what does that mean? carson: it means there is another empty box from china. whichever business there is, it is a teeny tiny fraction of what they report. it is hard to tell it the orcentage of lies is greater lesser than other names but it is on par with. erik: meaning it is worthless? carson: yeah, it is worthless. in addition to it's not having nearly the business it claims, the way this company is structured, like so many china frauds of the past, shareholders to not own the operating business. we see this as a deliberate attempt to further insulate the chairman and other perpetrators of these frauds from anything that could possibly go wrong. , andhing to understand this is probably a bigger point, but when these companies list, when these frauds lift, nobody gets in trouble. they do not have to worry abou
Bloomberg
Feb 10, 2017 10:00am EST
. it will probably be more focused on the asia-pacific from, things like the south china sea. julie: outside the white house .heir thank you so much for your perspective. not a bit of breaking news. the uk hasffice of started an investigation of bribery and corruption. coming in with a statement. we will keep you posted on this. the stock is little changed at the moment, but obviously as you leg lowerok a sharp following the headlines. getting back to the story on ,apan and shinto abbe's visit and here's what he said earlier at the u.s. chamber of commerce. >> i wish to build a relationship of trust at the leaders level and to show to people around the>> i wish to ba relationship of world the unwavering alliance between japan and the united states. i'm hoping it will usher in a new error of bilateral relations. joining us now, julie: -- joining us now, scott. .e heard abbe's comments japanese workers are complaining about american workers taking their jobs. how did he strike that balance between currying favor while also standing up for japan? >> that's a tough question and i think
Bloomberg
Apr 24, 2017 2:00pm EDT
lot of data out of china. not getting a lot of news on the supply side, so it is times like this when the market likes to refocus its emphasis on to macro results whether tax cuts from trump or the french election. so if copper is a leading indicator and trades with macro trends, what does it tell you about what we are seeing? >> the price has sold off a little bit in the last couple of months. we had a rally in november and this weekend. this is a metal that is replacing a global economy that is growing, stable but not yet going to be getting busters growth some people were anticipating. it is kind of saying to the world, to the market, things are ok, not great, not bad. oliver: how do you assess where the expectations were? copper had a big jump around the election. sentiment had turned ready bullish. how do you weigh the sentiment against what he is doing? dane: we had the rally. it was three dollars. analysts cap saying this is the new era of three dollars copper. after the rally, a kind of stagnated and retreated. sentiment has improved, but it is more than sentiment to drive the
Bloomberg
Jan 25, 2017 12:00pm EST
bearish on china, but it's errors on the banking system for about a year now. what if anything about your thesis changes with trump? kyle: you have to study the background of everyone advising trump on china. whether it is wilbur ross or navarro, read the books and blogs. erik: maybe a little bit of rex tillerson, too. kyle: what they are all doing is saying that china has got the better of us in maybe the last 8-10 years. i tend to agree. what is important about that is developing the lens that the white house is going to be looking at china through is really important as an investor. my view is that somewhere between free trade and 45% tariffs is where we are going to end up. profound comes consequences. some of those are economic and some of those are geopolitical. hek: it is important whether -- trump and his administration choose to take on china through established channels or choose to impose a tariff like 45% or something less. what is most likely and is that part of your thesis now? i've never met trump himself, but i don't know what is most likely. what i know is what i just sai
Bloomberg
Jun 1, 2017 12:00pm EDT
trump's policies toward china and the outlook for chinese commodity consumption. trading day the here in the u.s. this thursday, it seems like a quiet thursday, but the boards don't say that. >> we are seeing a bounce back. we are seeing a bit of an extension of earlier gains, material stocks, health care shares leading the gains that we are seeing today even as we are still seeing volatility remains subdued. health care is doing well today. oftedhealth group in some the insurers higher. the presidents begin at a conference today saying health care is in a perpetual state of change. he says he sees "very strong topline growth across the business in 2017." those shares up 1.5% and cigna and aetna also on the rise trade we had auto sales reports earlier today. automakers are rising, but so is goodyear tire in a good -- big way. up by nearly 6% morgan stanley analyst upgrading the shales by two notches. two notches. he boosted it to the highest on the street, $52. he says the technological revolution immobility may grow -- drive growth in miles traveled to two times historical level
Bloomberg
Jul 11, 2017 2:00pm EDT
trump on that point. what about china, you're talking about how this was a gigantic investment opportunity? daniel: i was thing about china last night, reflecting on how i debated jim chanos at they first inivering alpha conference and ihere he was a bearer was supportive. my views on china have not changed one inch. i still believe that china is the shining example of economic success in policy management for our generation. haveare on track, they their problems, they come in quickly, they address their problems. it is far from perfect. there are lots of risks. there are plenty of issues in the chinese economy, but thank god for china in the background of everything else going on in the world for the last 10 years. scarlet: you have been very consistent in your approach to china. how are you investing in china, how have you made changes over the years? sorry -- iat, i'm think we have to jump in, because mitch mcconnell is speaking. let's go to washington. mcconnell: we will be laying out a revised version of the repeal and replace effort, the text of that on thursday morning.
Bloomberg
May 9, 2017 2:00pm EDT
., but also but the relationship with china. there is a missile system deployed in south korea, china has been passively against it, let's call it. it could be interesting to see what happens with that. what about fiscal stimulus? they have the weakest growth since 2012, i think. michael: yes. and i think that is what markets have been responding to. 9think he was going to add million u.s. that would account for hitting record high after record high. mcdonough.to michael still ahead, disney out with .arnings movie business is a beauty, but it's networks are more of a beast. we will take a look at numbers next. this is bloomberg. ♪ ♪ is "bloomberg markets." we have disney set to release earnings, the company making 100lines when it cut staffers including on air talent. it is dealing with rising programming cost, and in a roadie base. base.eroding you can see total revenue in white and media networks in orange. networks are critical with than 40%tting more of sales from networks. they have lost the scriber's for three straight years. as much as aport 15% increase stemming from sport
Bloomberg
Sep 21, 2017 12:00pm EDT
market in the wake of the fed decision and the smp announcement regarding china's credit rating. and day when of delivery for the new apple watch, we take a look at what it means for consumers and investors. we are getting a check of the market with abigail doolittle. the rally seems to be over for now. abigail: we are looking at a pullback for the major averages. all lower, small declines for the dow and s&p 500, worth noting atf it finishes down, if the dow jones industrial average finishes to the downside today it will be the first down day in 10 days. take a look at the nasdaq 100, underperforming, all of the lows. it had been closer to 1%. on paper, worst day since august thatcredit let's see if choice of. let's see if we will have a pullback or if this will deepen. and the nasdaq tech heavy, nasdaq and nasdaq 100 british there was a report -- 100. there was a report that aid could be used in tesla cars. how over -- however, i was told the report was speculative, there were errors in the report and in fact they do not even make chips. those were high earlier, now reversing. it has b
Bloomberg
Dec 19, 2016 12:00pm EST
whittling down customers that don't produce significant profits. china pushes back against donald trump's claim that his military stolen american naval drone. we look at what is to comment. .- what is to come abigail joins us now with the latest starting on the final trading week with modest gains. abigail: we are off the high, in fact we were on pace for new record closing highs. today mirrors friday with stocks sharply higher. the dow and the nasdaq both on pace for record closes. we saw those gains disappear. right now we do have gains, but are not on record watch or on close record watch. as the one big mover, if you want to know at uptrend looks like this massive spike is higher. this cannot hold, but for today probus oncology is at its highest level in over a year. a got early approval for an ovarian cancer drug, investors are clearly loving this. the index is up for its fifth day in a row but on the year it is a different story. this goes back further than a year, one year was the peak in biotech, then a big bear market, where they still remain. this year has been going up
Bloomberg
May 15, 2017 12:00pm EDT
year. tesla will burn through $2.3 billion in 2017. adam jonas believes china could prove inaccessible. in the united kingdom, the offers has a pending investigation into the bolivian authority over prescribery allegations. the office has given the french ank a june deadline to provide information. and that's your business flash update. with the vix at just about 10 1/2, the bloomberg dollar index is up .3%. some of that has to do with the yen, but more of it has to do 0974. he euro 1. it is continuing to rise. and that german election which gave angela merkel a fantastic lead over martin schultz. her party is in a lot better position. emmanuel macron has chosen a prime minister and reached ross the aisle to the center part it and looks like there might be some move to update other regulations in france. and of course, underliking it all is that big move in crude. 49.20. stay tuned. this is bloomberg. ♪ vonnie: there is a lovely scene of midtown manhattan looking out over the river there. absolutely stunning. the east river. i'm vonnie quinn and this is "bloomberg market
Bloomberg
Jan 16, 2018 2:00pm EST
saberesident rattle. >> he did not label china currency manipulator, we didn't tariffs on china. all of these broad-based tariffs were put in place. steve bannon is out. a lot of the more protectionist individuals have an pushed out of the ministration. on nafta going forward we have another negotiation and round coming up at the end of the month you are hearing rumors about the u.s. pulling out. we are an escalating series of tensions. we haven't given a call on whether we think the administration will pull out. the odds are increased and there is a substantial risk. julia: are those odds greater than even? could -- that could change with one tweet in the morning. he may announce the withdrawal hoping to get additional concessions from the mexican and canadian side. we have seen him do this before and he can say congress tell me what you want. we saw this in the paris climate deal. we also saw this with the iran deal by asking for congressional input on what triggers should be in place. he seems to like walking in and saying republicans in congress have been complaining for a l
Bloomberg
Mar 17, 2017 10:00am EDT
china's president. defending open global markets. there is a twisted president trump's twist that he was wiretapped during the campaign. british campaigns have complained that president obama has enlisted british intelligence to fire mr. trump. house promised p the allegations. for this -- british prime minister theresa may is accusing the national party. the scottish party has tried to push a second vote on independence and set a referendum would a bad for scotland and bad for the u.k. she said the former brexit process would be triggered in the next two weeks. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. mark? mark: thank you. willdges up today and we discuss the key factors helping crew toward its first week the game this month. this is bloomberg. ♪ ♪ this is "bloomberg markets." from new york, i'm julie hyman. mark: and from london, i'm mark barton. it is time for futures and focus. oil ready for a weekly gain, the prime minister saying output cuts may be fitted beyond june. joining
Bloomberg
Apr 6, 2017 12:00pm EDT
in mar-a-lago. he is expected to touch down in florida later this hour, the china president. trump will land in the 2:00 p.m. hour or it the table -- north korea, trade. before he left town, the u.s. president prodded closer boko leaders to make last minute tweaks. joining us now from palm beach is kevin cirilli. we have an amendment, kevin. give us the details. kevin: before we talk about china, we have to talk about the efforts of republicans to repeal parts of the affordable care act, or obamacare come around to. round two.care, republicans in alabama working with gop leadership, led by house speaker paul ryan, to announce a commitment that would essentially be a risk-sharing fund. republicans in saying this is just another step closer to repealing parts of the affordable care act. there is what house speaker paul ryan had to say earlier this morning. speaker ryan: while we have worked to do to get all the way there, we have made real progress this week. that's is why we are all here today. kevin: i spoke with a senior aide of a republican member of the house freedom caucus. the
Bloomberg
Jan 17, 2018 2:00pm EST
at 12:30, right here on bloomberg. coming up next, great expectations. china has an upbeat note on the economy. gdp data the latest fourth-quarter numbers confirm or debunk? this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ from bloomberg world headquarters in midtown manhattan, this is bloomberg markets. i'm julia chatterley, and commodity markets are closing in new york. a big mover was natural gas, climbing over 3%. cold weather as it -- is predicted to hit the u.s. in early february. oil is marching higher on the day as well. we will be joined for more on the energy outlook in just a moment, a nice cheese there. let's move into the metal space. base of rents to the metals, al
Bloomberg
Oct 18, 2017 2:00pm EDT
china, after xi jinping gave his address. you are looking upon yields, and the spread is when the five-year in the 10 year. i have a chart on the bloomberg which shows the 510 spread in china. the second time this year. mr. emons: there's something more than an economic slowdown a recession. it's about this campaign they started earlier this year and it's a bit of a technical picture. they use liquidity injections at the same time, also controls the depth of expansion in china. you get these awkward liquidity effect on a government bond market in china that leads to inversion and also leads to an inversion in corporate bond lower, soey are a bit this aversion is about leveraging in china. in it now seeing this for the second time as this converses on the way, suggests that the market will continue this campaign in the next number of months. perhaps more intensified. julia: this idea of flexibility with the growth target we are talking about, does that give you some elements of comfort in that if we have some flex ability around the growth target and also to the downside as well, t
Bloomberg
Oct 17, 2017 10:00am EDT
. is said to be getting more extreme in its demands. and what economic goals might china set as it is getting ready to hold at twice-a-decade party congress? we will discuss the issues in beijing. we are about 30 minutes into the trading day and a julie hyman is here. julie: not much change in stocks in the u.s. after all three major averages reached records yesterday. the focus is more on individual companies reported earnings, and we are heating up in that department. a lot of companies reporting today and over the next couple of weeks. we are closer to a milestone. it is not the universe -- not the anniversary of black monday, although that is approaching as well, but we are going to match the longest streak ever without a 3% decline in the s&p 500. if you look at the bloomberg, the last time we had that kind of streak from january 1995 to january of 1996, that was 247 trading days. as long as we don't see a few percent pullback this week -- 3% pullback this week, we will match that or exceed it. the blue line is this week back into the mid-1990's. health care shares of the best-pe
Bloomberg
May 12, 2017 10:00am EDT
♪ vonnie: a lot to cover this hour from markets to a trade deal between the u.s. and china and stay tuned for interview with chicago fed president, charles evans. let's go to julie hyman with breaking economic news. julie: the latest is the university of michigan sentiment reading. it is the mayor preliminary number coming in 97.7. a little bit of an uptick here in sentiment numbers. we have seen relatively strong sentiment consistently here. it looks at this number is actually a four-month high. shows that americans remain relatively optimistic about their incomes here. it does not look like it's going to help stocks at the moment. typically this consumer number does not push stocks around. earlier today we had a retail sales number coming in slightly below estimates with a headline data of 0.4% versus the 0.6% estimated. we are bond yields down putting , which isn financials one of the things weighing on the s&p 500. continued news on the micro level on retail that is disappointing to say the least. jcpenney and nordstrom both out with numbers and continuing with the trend that we
Bloomberg
May 2, 2017 12:00pm EDT
became famous who has been talking to us about china and the credit bubble building there. we all want to know what it is going to pop. we have seen interesting developments in china, regulatory crackdown on the shadow banking system. the way the chinese government is going after it is by preventing the banks from making these investments, what are they called, entrusted investments that underpin the wmp market. wealth management products. how serious do you think this is? mr. bass: when you look at the wmp market, these are basically leveraged money market funds some with dubious assets. they're basically asset liability mismatches. $4t has ballooned to trillion. imagine $4 trillion worth of assets, investments in these kind of products. what is happening is some of the longer term assets are not doing very well. as soon as the liabilities have problems, many depositors decide not to roll their liabilities, all hell breaks loose. in the u.s., our asset liability mismatches at the feet of the subprime greatness were 2% of the system. we are talking more than 10% of their system. erik:
Bloomberg
Nov 8, 2017 10:00am EST
chimp companies and that is a global story. demand is strong in china. there are signs of the electronic vacation -- electronic vacation -- cation of the world. the placing of computer chips into everything, to me, that is the most notable aspect of the rallies, semiconductors and tech rally. not just banks, but hardware and chipmakers are the best performing stocks of the year. vonnie: and we just saw the stocks index up 58%, pretty phenomenal. michael mckee, i want to ask about the trump element of what is going on in the markets. if you look at this other chart, it is number 2272 and that bloomberg chart library, and the red line is where the president basically was voted into office. companies that are high tax rate versus low tax rate, they had completely dropped, so in other words, the market is not looking for tax reform to be activated anytime soon. you can see they are not pricing in an acceleration of growth and there is perhaps a cynicism that has developed much longer than the trump administration about what gets done in washington. it is a hope, but market that at
Bloomberg
Sep 11, 2017 12:00pm EDT
china has a deadline for automakers to end sales of fuel powered vehicles. this is bloomberg. ♪ this is "bloomberg markets." this week, we're focusing on the rise of electric nichols and how the world's biggest economies are contributing to that expansion. china is setting a deadline to end fossil fuel cars in that country. let us bring in david welsh. ambitioussounds very to ban sales of everything that isn't electric. it is. they haven't been a deadline on us. it could be 2030 or 2040, but they have really big stuff in ways to encourage electric cars encouragee to electric cars. they need to be plug-in hybrid or electric cars. they have more credits for meeting that with your electric cars. they have a lot of other incentives. when you have 100 cities with people,n one million that is a lot of congestion and pollution and that is what they are trying to take care of. vonnie: one problem we have in the u.s. is charging stations. battery technology and so forth. as china also running up against that problem or have they solved that side of things? david: everyone has that problem, but c
Bloomberg
Jul 7, 2017 10:00am EDT
in this example and obviously the president of china? matt: on the one hand, other leaders also participate in the sections against russia and it is interesting from the russian perspective, they feel like the sanctions are part of a protectionist regime against them, so on the one hand donald trump is aligned with other leaders when it comes to sanctions. on the other hand vladimir peyton is allied with others when it comes to the free trade he wants to push for. the question will be whether the two of them are at odds after they come out of the meeting, or whether they strike an alliance. the latter could concern angela merkel and the europeans here. they certainly do not to see that kind of alliance strengthened. vonnie: what is the thinking over there? it is only a 30 minute meeting, not everything will be solved, but will most of the work be done by the two leaders or will the two secretary of state do more of the work with the leaders putting on a show? ist: i feel like the latter probably the case. in some regards, all of this is just a show. nobody expects immediate or n
Bloomberg
Aug 3, 2017 12:00pm EDT
his supporters. west virginia voted overwhelmingly for mr. trump bustier. china's president wants to maintain a goodwill partnership with the u.s. it comes to intellectual property. still, a prospect of an investigation by the trump administration has raised a risk of retaliation by beijing. once officials are gearing up for a probe into whether china violates intellectual property must. -- laws. venezuelan president nicholas maduro said sanctions will not stop him. the trump added president maduro to a list of high-ranking venezuelan officials targeted by financial institutions. president maduro is trying to see a special assembly this week to rewrite the constitution and overwrite every branch of the venezuelan government. global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries and i am mark crumpton, this is bloomberg. vonnie: thanks. coming up, square's lending business is booming, but they say they're not trying to compete with the latest. more ahead with jack dorsey next. this is bloomberg. ♪ vonnie: this is "bloomberg markets."i am
Bloomberg
Jan 11, 2018 10:00am EST
uncertainty and a crackdown on state corruption in china. shares in richemont up by two thirds of 1%. the euro getting a bit of a boost. theil minutes from the ecb meetings showing guidance on future actions. it could be revisited earlier this year. is live and joins us from berlin. it seems as if the ecb is open to tweaking guidance. the obvious question is how soon? richard: more baby steps to the qe exit door is the way i described it and eventually, hopefully on the path to monetary policy we normalization. ization.y renormal even though the meetings have than backward looking, the messaging could change this year. we have already seen elements of this happening already. not considered on the hawkish end actually talking a bit more hawkish leave than they normally would, this year. i think you add that with what we have seen so far this year. shift.ctually a tangible and steady a slow process and i think it will continue throughout the course of the year, but it is a definite shift in the messaging. mark: is today a reminder as if we needed one, after the boj earlier this week w
Bloomberg
May 29, 2017 10:00am EDT
. trading in london, in the u.s., no trading in china. let's start with stocks. 600 has a little bit of a change. the average volume which tells us what sort of trading conditions we are seeing. below the time of this day that we normally see. down oncurrencies are the day. a little bit of support earlier after comments from the fed hike. williams said that hikes are to be expected. let's move on to the currency board. here is the dollar rising against the ran today. that the south african president is staying put. muted reaction for the ran suggesting that investors still find the yield tempting enough. market, -- renzi will hold an election in the autumn. the market is uncertain about italy. they could show the strongest economic confidence in a decade. opec last week is seemingly underwhelming investors with its extension deal. the global stockpiles will drop faster in the next quarter. the u.s. production data. we have rigged data on friday showing that explores added rigs yesterday. the highest level since 2015. gold is at the highest level in a month. president trump is back in wash
Bloomberg
Jan 17, 2017 12:00pm EST
fight inequality in incomes. plenty of questions and few answers -- crews from malaysia, china and australia called up the search in the indian ocean. the bowling triple seven disappeared -- boeing 777 disappeared in march of 2014. --eral prosecutors have against the wife of the orlando nightclub shooter p. the indictment accuses her of impeding officers investigating the attack at the pulse nightclub. her husband died in a shootout with police after killing 49 people. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. lays out hera may vision for brexit today, bowing to quit the single market and promising a clean break from the european union. .he dollar came under pressure donald trump set to assume the reins of power in three days. care to help navigate the risks and rewards, the global market strategist for j.p. morgan asset management, samantha azzarello. we saw the market reaction to that speech today. how should investors interpret what she is saying? i do think the signs were there
Bloomberg
Jan 3, 2017 12:00pm EST
mexico have taken over those of canada. from china the highest, though they have been declining to some extent. imports from canada is the awkward line. and import from mexico is the purple line. this gives you an idea of the importance of the trading relationship. the final piece of that ripple effect is on oil prices. versus thear spiked peso, oil prices tumbled. they had been higher on the news we are seeing opec and non-opec nations carry out planned production cuts, so we see an oil rally around 2%. now, it is down nearly 2%. that has caused a hit on some of the energy stocks, which had been leading gains in the s&p 500. so a lot of injured -- interconnectiveness. and a lot of interesting effects from this ford-mexico announcement. vonnie: certainly. and we will interview their ceo in a couple minutes. first, let's get to numbers first word news. north korean leader kim jong and warns that he and his nation are in the final nations an intercontinental missile. north korea has conducted three nuclear tests while he was in power. the u.k. ambassador to the european union unexpectedly
Bloomberg
Jun 9, 2017 10:00am EDT
the side of the bears. continue to be a supply story. we had news from china just yesterday about their production falling by 6.8%. in may, the imported the largest amount of crude oil, the second largest on a monthly basis in history so there is plenty of demand to work with. that supply side story will need to improve to have the market hold at $45 and move back toward $50. vonnie: that was futures in focus. mark: still ahead, the future of one of the most buzzed about topics this week at the bloomberg investment summit in new york. this is bloomberg. ♪ vonnie: this is bloomberg markets. friday and here is julie hyman. julie: here with a look at how are active managers are fighting back against passive investment is the senior etf analyst at bloomberg intelligence. there are various conferences this week that we had it bloomberg. what did you hear? what to people say about how they can stop the outflows we have been seeing? >> it's on the active side. one thing is get cheaper, lower your fees is one way which is vanguards advise. their active funds are taking in money. we look
Bloomberg
Oct 21, 2016 10:00am EDT
and right, creating tension. the second thing, china's game plan is wildly different than when you and i first met. i think they're in sourcing a lot of their goods, trying to build their domestic consumer economy and less focused on heavy, raw material usage. that leads to less money going in and out of china. if you look at global trade as a percentage of gdp, it around 2000 seven, about 30% of global gdp. it is starting to head down. that is changing the maybe the not so good side. on the positive side, there are a lot of the big asian consumer economies -- we have been much more active in indonesia where domestic consumption is still a big part of the economy. i think with the rising middle class, you can participate. in asia, you have global trade or manufacturing, traditional consumer -- are you going to buy toothbrushes, combs, and then you have value added services. of the number of companies we own in asia, we are heavily focused on the third bucket, value added services. care,on protein, health food safety, water safety, environmental safety. erik: two criticisms historic
Bloomberg
Dec 19, 2017 2:00pm EST
yesterday, the president naming china a strategic competitor but acknowledging cooperative elements in their bilateral relationship. this is a more realistic description of the state of play between these countries, isn't it? tothe key question is how view the u.s. china relationship, as an economist i deeply believe this relationship has the capacity to be a win-win proposition for in order for that to happen it is important for the chinese to play by the rules, to follow international norms. the question is how do we best get them to do that? and is going to be more effective with carrots, sticks or a combination? the trump administration is veering towards sticks and less carrots. julia: how do you expect the chinese to respond? we have seen mixed with china in recent weeks reducing tariffs on consumer groups, opening the financial sector. even if it is going to be over a number of years. we saw zero acknowledgment that these steps are being taken. >> the chinese don't welcome this rhetoric. i think in a broadway the chinese very much view the u.s. anxieties and concerns about window oflo
Bloomberg
Jan 20, 2017 10:00am EST
. this is a big piece of data on china. lots of new data out of china today. the economy accelerating for the first time in two years. and outflows turning to a trickle. $900 million worth of yuan left china in december. that is less than 2% of the record amount in september compared to the average of 25.8 billion last year. haven demand still high. look at gold rising for the fourth consecutive week. bigrise to highs after that slump in the last quarter where we saw old fall by the most since 2013. gold has averaged gains of almost 15% marking the inauguration of a new president since the 1970's. advancing in five of those seven years. in contrast, the s&p falling for an average loss of .9%. what a wonderful stat. gold is up for the fourth consecutive week. david: thank you very much, mark barton in london. peering down the hallway we saw the senate majority leader mitch mcconnell and his wife. his wife is nominated to be the secretary -- transportation secretary in the trump administration. dignitaries taking their seats on the west front of the capital. we will continue to monitor
Bloomberg
Jan 2, 2018 12:00pm EST
move. china is high on eurasia group's list of top risks. kevin rudd says all roads point to beijing and the year ahead. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. shery: i'm shery ahn. the eurasia group is beginning the year with a fresh look at the geopolitical risks to watch and china is high on the list. kevin rudd joint bloomberg surveillance exclusively to weigh in on tensions between australia and china. >> if you look at the australian dimension to this it's just one path amongst the broader picture which is been painted by the eurasia group risk analysis for 2018. the rise of china, the response of government within the region to the rise of china and of course more broadly the response of regional governments including the united states as well to how china will handle the ongoing challenge with north korea. so i think for the year ahead all roads continue to point to beijing. on the question of geopolitics but also on the future of the global economy as well. where do you see the relationship between specifically australia and china going a
Bloomberg
Feb 7, 2017 12:00pm EST
education. coming up, we talked to a china expert about if the u.s. does not find a more effective way to negotiate with china. this is bloomberg ♪. ♪ boston the city of hosting the super bowl victory parade for the new england patriots. even though it is raining and wet. my coanchor seems to know a lot more about new england than me. david: the same duck boat. vonnie: this is number five, congratulations. david: the rain does not seem to matter to them in boston. vonnie: the senate voting, we will bring you the results live on the confirmation of betsy devos for education. david: the relationship between u.s. and china at a precarious crossroads come the conclusion of a passport on u.s.-china a report out today, they suggest a way forward for both countries, the cochair of the task force on she-china policy joins me, is a professor at uc san diego and joyce beatty from washington, d.c. -- joins us from washington, d.c. we can talk about the economic relationship in a moment, james mattis took a trip to south korea and japan and talked about u.s. policy toward that part of asia, what
Bloomberg
Dec 2, 2016 10:00am EST
see a boom as donald trump comes in? it can't be china, canada? bill: uc u.s. inflationary expectations are starting to rise. you see it in the bond market. you see it in the commodity markets. a concentration is long-term commodities. whether that is copper, iron ore, gas. there is a correlation with the valuation and inflation. we have been in a deflationary environment which has been very depressing on commodity prices. if there was a trillion dollar spent on infrastructure in the u.s. and a lot of potential borrowing for the u.s. government to fund that, that would certainly increase expectations for a rise in prices. vonnie: very quickly -- runaway inflation? not an economist, but i would assume those would be low until europe gets back. vonnie: all right, thank you. bill: thank you for having me. nejra: fascinating conversation. coming up, what could a referendum vote in italy mean for global markets? we will ask our guests next. this is bloomberg. ♪ vonnie: you are watching bloomberg. i'm vonnie quinn. cehic.and i'm nejra fallout from the brexit vote continues. a l
Bloomberg
Jun 1, 2017 10:00am EDT
china and the european union. reassess nato, reassess climate , encourage companies to bring jobs back to the u.s. is a world of legislative and regulatory change, potentially. not surprisingly for a new administration come it's been tough. they've had to get their own house in order, so to speak. the disappointment of the replacement to obamacare, the fact that there was more on the repealed in the replace has setback the agenda a bit. for the broader economy, we hope demonstration can pull themselves together. we need progress on some of these legislative programs. >> are you concerned about the u.s. economy? james: no, i'm very encouraged by the u.s. economy. u.s. economy is doing just fine. employmentlmost full , 4.6% unemployment. there's very little inflation, .ut we are seeing early signs we have done to rate increases and expect to do more. -- two rate increases. housing prices have recovered from the crisis. state and local government deficits are under better control. he was economy, if you look at it objectively, the u.s. economy is doing fine. >> do you think the markets ar
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