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Bloomberg
Nov 10, 2016 2:30am EST
. the yuan has the to a six-year low on concern about china's trade relationship with a more protectionist u.s. china arump is called grandmaster at currency manipulation and has threatened tariffs of up to 45% on the countries imports. commonwealth bank of the story has estimated such a move would cut china's shipments by 25% in the first year. new zealand central bank said it has only done enough to return inflation to target after cutting interest rates to a fresh record low. the reduce the official cash rate by a quarter to one point 75%. inflation has languished between 3%. despite some of the strongest growth in the developed world. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 100 -- 120 countries. high: and the hours of -- after marketas been elected, players have been awaiting clarity on the president-elect plans while others have been getting in there and putting money to work. >> i tried to put a lot more to work but i could not put more than about a billion dollars to work. and then the market got away. i am so happy ab
Bloomberg
Oct 24, 2016 2:30am EDT
economy ministry has reopened a review of its china branch. although exxon did not specify the decision that come to germany seeks control as a foreign investor in europe and companies. euela merkel has called for measures to give government expanded power to block or impose conditions on shareholdings of non-eu companies. phillips had seen third-quarter since thee 14% personal health and diagnosis treatment businesses improve. the ceo is sharpening its focus on growing in the health care market. this year, the dutch company sold shares of a division in an ipo and will sell its component business in the second half of the year. banks in the u.k. will start relocating operations as -- out of the country by the end of the year as london looks to lose access to the eu single market. that is according to the head the british banking association. hands areown said quivering over the relocate but for studies in many smaller banks plebiscite relocations before christmas, with bigger ones expected to start in the first quarter of next year. reducingpes of reduction have been hit by the
Bloomberg
Mar 9, 2017 2:30am EST
. guagete: china's factory prices surged last month in fastest pace since 2008. the rate rose 7.8%, coming in higher than estimates. ison mobil might separate 4.8 billion euro specialty chemicals business after rejecting an unsolicited bid for the company from u.s. rival ppg industries. azko said the proposal substantially undervalued the company and was not in the interest of the stakeholders. oil has halted losses after the biggest drop in more than one year yesterday. that came as record u.s. crude stockpiles raised doubts about the effectiveness of opec led experts. wti threatened to slip below $50 for the first time since december into stockpiles rose to the highest level in weekly government data since 1982. royal dutch shell will sell all of its undeveloped oil interests in canada. the company also plans to reduce the share in the project to 10% from 60%, knitting the anglo dutch but is there $7.25 billion. -- the anglo dutch producer $7.25 billion. deutsche bank's investors are planning to purchase shares. china'sroyal family and hna group are considering boosting their stakes in t
Bloomberg
Jan 10, 2017 2:30am EST
see the swiss franc up just to make it more bearable. some big gains. iron ore out of china up. zinc trading strongly as well. the front foot. it is a dollar trade. that is what we watching carefully at the moment. u.s.. week for the a lot of politics surrounding this. a lot of politics in europe as well, but the u.s. is dominating. here is the first word news. president-elect donald trump's son-in-law to be a senior but unpaid white house adviser. jared kushner played a leading role in the campaign and will work with chief of staff reince priebus and chief strategist stephen bannon. he will divest his various business assets to comply with conflict of interest rules. a statement from the transition team described him as a tremendous asset and a trusted advisor. meanwhile, toyota has become the latest major carmaker to offer insurance is over its commitment to the u.s.. in the wake of attacks by donald trump, the japanese company says it plans to invest $10 billion in america over the next five years. >> we understand what the president wants to do. we'd all agree with the president
Bloomberg
Nov 4, 2016 3:30am EDT
sports utility vehicles propelled sales in europe and china offsetting a slump in the u.s. earnings before interest climbed 1.1% to 2.3 8 billion euros. the company repeated that sales in its automated if -- automotive unit will/increases this year. a decline in first-half profit. sagey cfo will replace while the executive chairman will remain. this comes as the luxury goods , a 43%eported a profit fall from a year earlier. inro shares plunge after-hours trading after saying it expects a bleak holiday season. the camera taking company lowered its forecast for full-year sales and missed analyst estimates for revenue in the third quarter. it follows fitbit which lost to a third of its value after reducing its holiday forecast late wednesday. wonder has purchased dick clark productions. it has purchased the golden globe award and the pageant. the latest addition to the growing entertainment empire. that is your bloomberg business flash. the british government has said it would appeal yesterday's high court ruling on parliamentary approval to start the brexit negotiation triggering arti
Bloomberg
Dec 22, 2016 2:30am EST
of north korea's nuclear and missile threats and the territorial row with china. expectation is growing that monte dei paschi may be bailed out. lurell probably fail to sufficient demand. the debt swap with half coming from investors. they got the green light for a 20 billion euro bank rescue fund. new zealand's economy expanded faster than forecast last quarter as construction boomed and consumer spending increased. .hird quarter gpd -- gdp rose the economy expanded less than forecast from a year earlier coming in at 3.5%. the kiwi dollar traded at a near six-month low following the data. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. is bloomberg. guy: another day passes and we have tripled trump action this time. first up president-elect summoned the two largest u.s. defense contractors to his resort in florida. he's looked to the ceos of boeing and lockheed martin about cutting costs for both fighter jets and the new air force one. this is the f-35 and the new air force one. >> we will get it done for less than that
Bloomberg
Dec 20, 2016 2:30am EST
that china has returned a u.s. navy underwater drone. the unmanned vehicle was handed back close to where it was seized last thursday. the incident triggered a diplomatic spat between the two nations, donald trump took to social media to criticize china's actions. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. guy: thank you. an extraordinary year in so many ways, but the monetary policy arena has been front and center for the markets as they try and understand where we go from here and whether or not we are making a big shift towards a fiscal policy dominance outlook in 2017. in january, the central bank, the boj took negative interest rates. the currency peaked this summer breaking below 100. the boj introduced elusive concept of curve control. since november, we have seen the yen in freefall with the dollar gaining more than 13% against the yen. the rate of change has been eye watering. the boj closed its year with an upward economic outlook while keeping yield curve unchanged. it has been quite a yea
Bloomberg
Sep 4, 2017 2:30am EDT
reaction. president trump threatens to cut off trade with china and imposed sanctions after north korea's latest nuclear test. we are going to take you live to china and to seoul. merkel stays in front. the only televised debate fails to move the political dial. i'm being polite. is a grand coalition the most likely outcome? novartis and a surprise theuncement, they say that ceo will be replaced. is it stoxx underperformance relative to its peer group? we are less than a half hour away from the start of european trading. that's take a look at where futures are pointing after the north korean situation seems to be the one concern, after the bomb test, that markets could focus on today. here you see futures down across the board. -- or look at bunds across the sovereign debt spectrum, there is no cash trading. if you like it just look at -- ds, investors are buying the german debt. looks like people are getting a little bit risk-off this morning in order to prepare themselves for the possible fallout. guy: ecb this week so we have to think about what that means coming out of frankfu
Bloomberg
Mar 7, 2017 2:30am EST
china. more or less in the same amount. i think we are doing trade in a very fair way. matt: are you confident you will be able to get an agreement that the industry will be able to get an agreement with the trump administration? into that butlook always our concept has always been not just importing cars into the u.s., but also exporting out of south carolina. i think that is something that is good for us and also good for jobs in the u.s.. we are creating really jobs in andu.s. by using free trade exporting. matt: you are going to create about 4000 jobs with this factory. let me bring it back to europe and ask you about one of the issues on everyone's mind. opelhealth getting sold -- getting sold. does that mean there are too many brands? you need size because they are becoming the second-biggest? every company has to have their strategy but labor costs are very high in europe and you have to react to that. the premiumed on segment. we think we can be more competitive by delivering value, working on the value side, the price side with our cars. that is a premium strategy. manufactu
Bloomberg
May 25, 2017 2:30am EDT
back in credit will send shockwaves to the mainland economy. he told bloomberg he expects china's credit problems to reach the breaking point. >> it has been so much value destroyed that my firm belief is point, yourt some past sins catch up with you. you just do not know when that will be for china. juliette: that is your bloomberg business flash. very much indeed, joining us from hong kong. leaders will cut -- resume campaigning after a three-day break with an enhanced police and military presence on the street. we are two weeks away from the general election and brexit negotiations are set to start in less than a month. one company with the brexit insurance policy already in place in the form of a new brussels office is lloyd's. with us for an exclusive interview, the ceo of lloyd's. good morning. your plans are progressing try you have thought about what brexit will look like, the city is thinking about it as well. in some ways you are ahead of the curve. how are your plans progressing and how well the -- is the city set up as we go into these negotiations? guest: we have chos
Bloomberg
Feb 20, 2017 2:30am EST
. when you look at japan's trade, the vast majority of their imports are from china, where their exports are split between china and the u.s. and many other countries. so, the exports story is partially a u.s. story, where the import story is saying,, there is demand here for asian goods, which is good for china. the is on the back of a sequence of very strong trade figures in the asian-pacific region. thank youk cudmore, very much. go to mliv on your bloomberg, a cracking set of editorial pitches from everyone around the globe. joining me on set is the cio and founder of latitude investment. welcome. when we look at this exports story, there are many ways to spin it. it is theit as, trend, but let's focus on the drop of six poin 6.6% of experto the u.s., which could help the bilateral discussions that come to mind over the men's couple of months. but yo -- over the next couple of months. if you look at the japanese incrediblyas been dependent on monetary policy and the yen is the weakest component of that. i have not seen a huge reason to believe that the underlying the bankl re
Bloomberg
Jun 1, 2017 2:30am EDT
, the british pound is bid create after caution data out of china that goes the way of the positive pmi data that we saw yesterday, telling two different tales and the pound we're watching very closely ahead of this u.k. election. also if you take a look at the commodities, you can see that lean hogs are ripping faith might you love your pork here in britain and in germany. 2.5% and we do a c -- we do see a big move in bonds. this blackbox mean it -- means it is more than three standard deviations away from the average. if you have a gmm on your bloomberg look into that panel and get the top stories as well. let's go to hong kong where we will get bloomberg's first word -- sophiecivic kamaruddin. sophie: in the u.s., president donald trump will announce at 8:00 p.m. u.k. time his decision america will leave the paris climate agreement. according to two people familiar, he has not yet decided whether to stay in the landmark deal but is leaning toward quitting. tesla and spacek ceo elon musk america will leave is leading corporate backing for the accord and said he will resign from wh
Bloomberg
Aug 7, 2017 2:30am EDT
exchange market. said we are he talking out on the euro trade. china commodities and story is fascinating. at opec meeting, pay attention to that. take a look at what is happening with steel. a lot of speculation pointing you in the direction of the fact people are beginning to reassociate themselves with the idea the chinese economy is going to get on a front foot. let's find out what's happening around the world with juliette saly. juliette: france is working with germany and other partners to plug loopholes that have allowed companies like google, apple, facebook, and amazon to minimize taxes and grab market sharing europe at the expense of their own companies. speaking to bloomberg, the french finance minister said his country will propose a rule for real taxation at a meeting of european union officials due in september. >> the first step of the european level would be a tax compensation between france, and germany, and i am quite convinced that will be no later than 2018, we should be favorite with germany to have a common corporate tax which should be of theis of hamas
Bloomberg
Jan 4, 2017 2:30am EST
violations and took no action against him. china has studied possible scenarios to the yuan and outflows and is preparing contingency plans according to people with the matter. this comes amidst increasing pleasure, rising capital outflows and concern donald trump may take punitive measures n china's exports. , speaking to bloomberg, the forpe governor over the reserve bank of india raising t yellen's rates will impact other reserves. >> i think the federal reserve seeing limited room for continued accommodation and starting to raise interest rates i think you will see the pressure on other central banks come off as much as it as it been tore last few years. - over the last few years. this is bloomberg. guy? guy: thank you very much. economists predict the eurozone inflation data will see jobs -- 1%. germany jumped to 1.7%. the highest rating since 2013. what does this mean for the e.c.b.'s economic narrative? let's talk about this pickup in inflation? faster than maybe the e.c.b. anticipated but it is not really affecting core. how does it affect monetary policy? >> well, for the moment
Bloomberg
Jan 3, 2017 2:30am EST
responsible attitudes after the president-elect accused china of not stepping in to curtail the north korean nuclear program. the article was published a few hours after trump tweeted that china won't help with north korea. north korea's kim jong-un said his country was close to the lots of an intercontinental ballistic missile. after the first instance 2009, outputs cut have started trimming production to stabilize the market. citingng to newspapers, kuwait's oil leader. to 2.7 5 million barrels a day. deutsche bank's former co-ceo is restarting his career at a much smaller firm. fitzgeraldng cantor as president, where he will help oversee expansion of trading and prime brokerage. he helped build deutsche into europe's biggest security firm in two decades. before stepping down in june 2015 amidst mounting regulatory problems. singapore's economic growth quickens to the fastest pace in more than three years last quarter as manufacturing rebounded. months from the previous quarter. more than double the expansion estimated by economists in a bloomberg survey. global news 24 hours a day,
Bloomberg
Nov 14, 2016 2:30am EST
. china's economy held ground following measures to come property market in major cities. investment rose, just missing estimates. retail sales kind 10%, shy of a 10.7% estimate. increasedt investment 8.3% in the first 10 months of the year. japan's economy expanded with a offset by exports, week spending by people and companies. gdp grew at an annualized 2.2%. zero 20%. estimate of private consumption grew just 0.1 percent, and business spending was unchanged. shinzo abe has a knowledge that the transpacific partnership is in "a difficult situation" with the election of donald trump, and that he wants to discuss free trade when the two meet on thursday. south korea's embattled president will meet the country's main opposition leader tomorrow. the meeting comes as she tries to find a solution to a scandal that triggered the country's biggest protests in decades on saturday. this week, she also faces the prospect of becoming south korea's first leader to be questioned by prosecutors while in office. will.k. prime minister give a major speech on foreign policy, the persons taking office in
Bloomberg
Feb 24, 2017 2:30am EST
estimate of 968 million euros. china has reported financial sector -- as the new banking regulator. retiree.eplace the this appointment was announced internally to staff earlier today. credit suisse a need to find new who to serve clients generate as much as $750 million of revenue as -- at its u.k. subsidiaries. it has been warned that losing access to european markets would , which have to 50% a revenue base of $5 million. banks struggle to quantify brexit risks to their business because so many -- so much is unknown. that is your bloomberg business flash. anna? juliet, thank you. investors have been pouring over steve mnuchin's comments. the details of the new administration's plans remain thin ahead of trump's address to congress next week. the french election rattles on with no clear outcome inside. joining us with some market insights, mark, bloombergs macro strategist. it to see you this friday. what are the big takeaways from what munition was saying? important insight into the timing around fiscal stimulus. absolutely, a broad array of diverse comments. to --urrency manipu
Bloomberg
Apr 25, 2017 2:30am EDT
denuclearization of north korea during his meeting with the un security council on friday. china's nonperforming loans have stabilized in the pressure from capital outflows has eased. the economic recovery takes hold , according to the country's deputy central bank. he was speaking at the forum in new york. economic to maintain growth and also work on the leveraging process and making sure that our lending and broad money supply has been growing consistently with the leverage aspect. juliette: global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. matt? matt: donald trump is to call for tax cuts for individuals and 15% accordingrate to white house officials. trump plans to make the public -- his broad outlines of what he wants for the change in tax code. the details are likely to be left for later negotiations among congressional leaders and officials from treasury. let's bring in mliv macro inategist mark cudmore singapore. let's talk about first what trump has to do tomorrow to pacify markets, to move markets. what are we l
Bloomberg
Mar 15, 2017 3:30am EDT
said china is high on the list of things to worry about. robert lighthizer also said that although china was "a substantial currency manipulator in the past," it is not clear if that is so the case. lighthizer told the hearing that trump will shakeup relations between the two countries. >> between now and a time i leave, and you will say "bob, you were right. he really is going to change the paradigm on china. i believe he is going to change the paradigm on china." if you look at our problems, china is right up there. juliette: well, meanwhile in beijing, chinese premier has downplayed tensions between his country and the u.s. speaking at a press conference at the close of the people conference, he said the two nations share extensive common interests on things like job, foreign exchange, and security. >> ties between china and the u.s. has been moving forward in spite of various twists and turns over several decades, so i am optimistic about the future of our relationship no matter who is elected. the european union is said to be considering forcing the u.k. to wait until june for
Bloomberg
Dec 16, 2016 2:30am EST
saly. juliette: as china's leaders gather in beijing to map out economic plans and policies for next year, optimism over the country's outlook is increasing. economists have raised first-quarter growth estimates to 6.6% from 6.5% a month earlier as stimulus and a potential for stronger global demand voice interest. sanofi is in advanced talks to acquire -- in a deal that could be announced as soon as next week according to people with knowledge of the matter who say the companies are discussing a price of around $275 per share. representatives didn't immediately respond to requests for comment. opec's secretary general has uploaded donald trump's choice in secretary of state. is and rex tillerson outstanding international oil technocrat. >> he's highly respected around the world. .e's deeply knowledgeable i have told other colleagues, there's a very thin line doing oil, diplomacy, and geopolitics. i congratulate donald trump for making such an excellent choice. juliette: global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. thi
Bloomberg
May 15, 2017 2:30am EDT
unprecedented. the latest count is over 200,000 victims in at least 150 countries. iniette: china's economy better shape as the government -- 10.7%.sails increased meanwhile, fixed asset investment expanded 8.9% for the first four months. all those figures were lower than the previous period and beat economist estimates. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. this is bloomberg. guy. guy: thank you, juliette. all traders playing catch-up. saudi and th arabia and russia y they are extending cuts to shrink a global glut. it was announced at a joint press conference in beijing. we are joined by tracy alloway in abu dhabi, and mark cudmore who joins us from seou. tracy, walk us through the market reaction. i thought we had already baked in some sort of an extension from opec. tracy: yeah. you and a lot of other people. but that said, think about what it took to get the price action we saw this morning. oil was a bit slow to move off those headlines. now wti is up 1.5%. but this thing that has happened, saudi arabia and russi
Bloomberg
Jul 5, 2017 2:30am EDT
china and the u.s. and this will escalate the fact that they might cooperate. if they have a spat about north korea that might spillover into the terms discussed by the trump administration's. the market at this stage are vulnerable to a little bit of correction if there is a fractious jude -- g-20. guy: walk me through what that might look like. mark: global growth is good and there is an excessive liquidity. what we might talk in terms of correction, it is hard to give an exact premature. we could be talking about two or 3% or 10%. we will need to get a better does.nd see what the g-20 we might get to it ok but this is a possible catalyst for a bit of risk-averse scenario and we will get the classic havens do .ell, as you mentioned, gold is: the chinese leadership meeting with the german leadership, that might give us a few clues into the direction of the u.s. story. asnk you very much indeed, mark says it is an interesting week ahead. we need to think a little bit about what is happening in terms of the details surrounding the fed release, you can follow the insight on bloomber
Bloomberg
Aug 3, 2017 2:30am EDT
, the aussie dollar is trading of -- of and the chinese renminbi is trading off. , china, that is what is happening there. you can keep an eye on the currency and the pound. u.k.'s stocks going ex dividend. we will bring you those names a little bit later in the program. bloomberg's first word news, here is juliette saly. juliette: thank you, donald trump may be on the verge of ramping up his threats on china on trade. the administration is gearing up to investigate china over what it perceives to be violations of intellectual property. if the talk turns to action there could be troubling consequences for the global economy. dmitry prime minister medvedev says the trump administration has declared a full-fledged economic war on his country. it is after the u.s. president signed a russian sanctions bill congress forced on him. trump expressed reservations about the legislation saying it encroaches on presidential authority and may hurt u.s. ability to work with allies and could have unintended consequences for american companies. a draft lawproved that will grant permanent residency car
Bloomberg
Aug 22, 2017 2:30am EDT
by 1%. china overseas land in hong kong doing well, this on a number of worker upgrades after yesterday but lenovo down and the hong kong session. atop analyst said -- a top analyst said it has 27% to fall. the indonesia rate decision, no change expected to the cash rate percent. the u.s. dollar indonesia could have trouble trying to break through the seven-month trading range. cut if we do see a surprise coming through from the bank of indonesia. matt and manus. matt: juliette saly joining us with an excellent chart from the bloomberg out of singapore. ray dalio has reiterated his warnings against exposure to risk arguing that politics will probably play a greater role in affecting markets that we have experienced in any time before in our lifetimes. ceonew linkedin info earlier today. in there any bright spots this morning, in the risk that he sees? it is kind of depressing to read that this is a guy fighting mentality for the u.s. government rather than doing everything in the best interest of the country. similar did make a warning two years ago. it is not like somewhere f
Bloomberg
Sep 11, 2017 2:30am EDT
powerful nuclear test. china's producer -- from a year earlier. that beat estimates from all but one of the 30 economists surveyed by blumberg. it gives support -- by bloomberg. it gives support. u.k.'s brexit secretary has warned lawmakers that if they block a key piece of legislation today, it may lead to chaotic archer from the european -- chaotic departure from the european union. it rejects accusations the government launched a power grab. the law contains the candidate powers that allow ministers -- contains the henry the eighth powers. in the u.s., steve bannon has said he is going to war on the republican establishment because of its lack of support for donald trump. in an interview broadcast on "a -- on "60s," minutes," -- >> the lift-off that was leaked, if you find it unacceptable, you should leave. i am talking about gary cohn and other people. if you don't like what he is doing and you don't agree, you have an obligation to resign. >> gary cohn should have resigned? .> absolutely juliette: catch more of that on charlie rose on bloomberg tv. you can find it at 6:00 p.m. u
Bloomberg
Dec 21, 2016 2:30am EST
yields in china soaring. this is the number. -- send yields in china soaring. this is bloomberg. ♪ guy: welcome back. you are watching the european open. big moves in the chinese bond market over the last month. yields soared at the front end of the curve. the move has narrowed the spread and tens inone terms of the yield to at least since february 2015. this is the charts are you can see. i have not got an exact number but nevertheless, you see it here. the idea being that actually attends may have further to go -- the tens may have further to go. tens here. chinese you can see the candlesticks dispersion on a daily range getting greater and greater am to come back to that move in the tens, you can see the move has been aggressive but nevertheless, another maybe 40 basis points, 60 basis points on top of that would take is close to 4%. michael metcalfe from state street global markets is still with us. we started last year with being considered about china. what are the chances of doing the same thing at the beginning of 2017? michael: reasonably high. we talked about all through this
Bloomberg
Apr 18, 2017 2:30am EDT
importantly, china, the world's second biggest economy, trade, isrginal driving the big change. with its growth accelerating, that is good for commodities. what we saw yesterday was a comprehensive set up of data on china. strong investment. strong credit. strong gdp in the first quarter and industrial production. strong retail sales. betterector is doing than expected. and looking strong at the moment. manus: the iron ore chart that you put up this morning, market and i applaud your optimism. it is already at $60 and change. what is driving the iron ore misery? supply? lack of belief in the china recovery story? the numbers were not that bad for the first quarter. questionit is a great because iron ore is a big exception or anomaly in my positive outlook that i got it this week. everything else is looking positive but iron ore it suggests doubt on the chinese growth story and chinese data. what is important to know for iron ore is that it continues to come found analysts on the upside as well. it was not expected to rally as much as it did. there is a chance it will overshoot on the dow
Bloomberg
Jul 20, 2017 2:30am EDT
tension, we will be debating this in the newsroom to what happened yesterday with this china-u.s. stalemate. a pressoss canceling conference. is that the green light to steel tariffs? it is a question will try to answer. we will see what happens. steel had a big run up this morning in asia. it is trading down by nearly 3%. it is one of those fascinating stories, you think about what is happening in washington right now, what is going on with the president and than you think about the relationship with china which started ok and definitely fading fast right now. you wonder if the steel story is in the firing line. we watch that throughout the session as we work our way through the morning. let's get the bloomberg first word news update. here's juliette saly. juliette: thank you. the bank of japan has kept its monetary stimulus program unchanged even as it pushed back the projected timing for reaching the 2% inflation target for the sixth time. the central white lights to maintain its yield curve control program and asset purchases in line with economists' expectations. the boj x n
Bloomberg
Oct 9, 2017 2:30am EDT
getting priced in for bradley. the china market and the equity market, the upside, but on the downside, we have this turbulence on the southern flank. the turkish lira, certainly under pressure. we are talking about a nato country here having a massive diplomatic spat with another native country, america. story, a difficult something the market will pay a great deal of attention to. they goes to the heart of the e m story as well, what is happening with the dollar. plenty to talk about. we have got turkish equity futures opening up right now. we will talk about that as well as we work our way to the equity open. let's get a bloomberg first word news update. reporter: let's start with the united states. a senior republican senator said toald trump's threats other countries could set the nation on "a path to blood were three." iii."path to world war this came aftert a series of insults betweenhe president and the tennessee senator. rally in barcelona over the weekend, a senior member of the catalan administration has called for dialogue with madrid. the regional foreign affairs
Bloomberg
Dec 28, 2016 2:30am EST
with a bang. later during the program, our attention turns to china, where there is concern of a rush to sell the yuan as we turn to 2017. ♪ back.a warm welcome let's get to the bloomberg business flash. bp will pay $1.3 billion to walmart's network of australian petrol stations. yesterday in-based company will acquire 537 fuel outlets that are currently supplied by an australian rival, as well as 16 development sites. it will cement bp as one of the country's biggest fuel providers. south korea's antitrust regulator has slept a record $180 million fine on qualcomm. it says the company licensed its key patents only two mobile did notkers, and properly negotiate license terms. it is the latest in a string of government actions that threaten the business. qualcomm called it unprecedented and insupportable, saying it will appeal the decision. 80bus struggled with the a3 delays. with handoffs of six points a year originally planned for 2017 and 2018 will be shifted a year later. to compensate, airbus said it will accelerate cost cuts. the news comes as expected orders for the super
Bloomberg
Mar 17, 2017 2:30am EDT
situation harkening back to what he said about china and currency manipulation and the wall and getting mexico to pay for it. it comes down to something more sensible. the moves and cuts we are seeing that he has put words -- that he has put towards the foreign focus departments and moving towards something domestic -- these are huge cuts. wouldt think anyone actually deal with this. it is about the second step. it is about being magnanimous as the president. bringing everyone together regarding the budget. it is really an anorexic budget. does that tell us about the way he will be able to deliver another contentious policy? this does not include some entitlements or what should happen on taxation? there could be fights with his own party. jeremy: on the wednesday with think he would tend to agree with the gop on, social security for example, on tax policy. the more moderate members of the republican party. they think this is too much at the moment. it just means it will take more time. , these broadurdles benchmarks of where we think the budget will come, tax policy will come from heal
Bloomberg
Mar 22, 2017 3:30am EDT
. let us get a catch up on what to know. juliette saly. guy, thank you. china's central bank has injected funds via open market operations for a third day. the pboc pumped in a net $5.8 billion, taking that injection so far this week to around $16 billion after the benchmark money rate climbed to the highest level since april 2013 and some smaller lenders failed to make that payments in the interim -- debt payments in the interbank markets. -- beating expectations as they grow by 11.2% from a year earlier. the increase was the biggest in two years, reflecting the timing of the lunar new year holidays in asia. imports increased by 1.2% which left a trade surplus of $7.29 billion. that is as strengthening global demand helps the nation's moderate economic recovery. has joined the u.s. in banning laptops and other electronic devices in airplane cabins on flights from several middle eastern countries amid concerns over security. inbound direct flights from turkey, lebanon, jordan, egypt, tunisia, and saudi arabia will be affected by the ban on laptops and tablets. phones larger than
Bloomberg
Nov 9, 2016 2:30am EST
the asia-pacific relationships going forward and how that will play out. very key here for china. independent climate adviser, thank you for being on the program. interesting moves in the bond market. speech, putting infrastructure at the epicenter of it. we saw the treasury markets start to adjust. on the front end of the curve is a repricing of the prospect of the fed hike. with 38aggressive yields up about nine basis points. do we get the infrastructure spending that he put on the campaign trail? will that become reality? >> i'm not sure about the terminal but we will bring it up if we can to talk about what, exactly, it is in terms of the pricing. few hours, we priced out significant indications from the fed as we look at 51 percent probability of the fed hike now. so many things we need to be thinking about. >> the question i want to ask is, how on earth does the fed communicate not hiking interest rates when the data is unlikely to change? >> the data won't change. and when events change, you need to start changing your view of the world as well. let's head over to barclays
Bloomberg
Nov 9, 2017 2:30am EST
throughout the program. also a top story, the u.s. presidents trip to china. donald trump says china is taking advantage of american workers saying that it is taking on fair advantage with unfair trade practices. hisu.s. president blaming predecessors rather than china for the trade deficit. at a briefing which sought to -- 350 billion dollars of investment deals announced he declared he has very good chemistry with the chinese leader, president xi. are going to tom mackenzie. how significant are these deals, is this a big number? the top line is 200 50 billion is a big number. some of the deals, boeing announcing that it is signing a deal worth 37 billion dollars u.s. for 300 aircraft. cal come is providing tips. we have a $43 billion deal involving sinopec. others involved in infrastructure in alaska's well. more deals coming through over the next few hours. we are expecting. a note of caution on this number. a number of these deals are them or nonbinding.s some of these will help to reverse the deficit the u.s. has with china. he said it was shockingly high and blamed on previous
Bloomberg
Nov 30, 2016 2:30am EST
. growth in china is increasingly reliant on credit expansion. since the global financial sector debtnese non- has risen relative to gdp. it stands at 260% of gdp. this is extremely leverage for an advanced, let alone, an emerging economy. there are signs the capital outflows from china and other emerging markets have begun to pick up in recent months and may accelerate further depending on the degree and pace of increases in u.s. market interest rates. in some euro area economies, sovereign, the sovereign debt positions remain vulnerable to costs androwing weaker growth prospects that could be associated with trade or political risk. moreover, the challenge is to of the euroce part area banking sister met remain. additional risk to the euro area could emerge as a consequence of the u.k.'s withdrawal from the european union. banks located in the u.k. supply over half the debt and equity issuance by continental firms and account for over three quarters of foreign exchange and derivatives activity in the eu. if these you came these firms have to adjust their activities in a short t
Bloomberg
Dec 29, 2016 2:30am EST
of its at his business. still pending in china and the pco, the atlas co sale could take place in the first quarter. stop lower. thank you very much, sebastian salek. a fairly quiet day, as you can imagine. let us talk about japan because the bank of japan has released a summary of opinions from its most recent meeting. and kepted its outlook policy unchanged. on member said it is a long way to meet the 2% inflation target, another step that u.s. growth may accelerate under the trump administration. for more on henry hoenig joins us now from tokyo. good to see you on the program. this was the last year meeting of the year, so what can we from this summary. overall, what was the message? henry: hi, anna. at the end of a difficult year for the bank of japan, it is sure to say that most of the board members can be described as pretty up beat, going forward . most of them noted improving conditions such as a pickup in exports and the yen is quite a bit weaker. they noted improving strengthen the global economy, so heading into 2017, they have reason to be optimistic, even as the inflation
Bloomberg
Oct 11, 2016 2:30am EDT
sachs says china's currency outflows maybe worse than they look. they are warning that a rising amount of capital is exiting the country in human rather than dollars -- any sign of increased outflows could disturb the recent calm in their exchange market, adding to pressure from the federal reserve interest rate increase and damaging the image of the currency. the republican party chairman has held a hastily assembled conference call to rally members behind donald trump's embattled campaign after house speaker paul ryan said he won't defend our campaign for the billionaire after his older comments about women. trump tweeted that ryan should stick to balancing the budget and tackling illegal immigration. showsile, a new poll hillary clinton enjoying a 14 point lead, the largest gap so far. the chicago fed president is arguing in favor of keeping interest rates low. he says the u.s. economy probably isn't at full employment and inflation remains below target. the central banker, slated to become a voting member of the fed next year, says prematurely tightening policy would carry high cos
Bloomberg
Dec 5, 2016 2:30am EST
. president-elect donald trump has used twitter to renew criticism of china after a backlash over his phone call with tim taiwan's president. he says beijing did not ask the u.s. permission to build up the military presence in the south tennessee. he spoke directly with tsai ing-wen, and therefore, floated decades of political tradition. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. this is bloomberg. matt: now, renzi quit. the italian prime minister announced he will step down after losing a referendum to enact constitutional reforms. >> it is clear that my government ends here. fornt to thank my ministers the extraordinary adventure and i will offer my resignation to the president of the republic. guy: the euro is at its lowest level against the dollar since march of 2015. francine lacqua is in rome. francine, what is next? we are watching who is going to be the next leader. padoan, canceling his trip to brussels today. >> i think that might be significant. in terms of padoan's future role, we do not know. he is one
Bloomberg
Sep 21, 2017 2:30am EDT
the fed changed -- remember, brainard and yellen completely changed -- that was the time when china was completely stressed. growth was plummeting in the rest of the world and the fed said "we are international." this is not that fed. now therechanged, and is stability. the question is whether the renminbi will strengthen or stabilize. markets.loves emerging there is no international problem. that can come back to haunt us. the fed is really focusing on domestic issues as opposed to international. you story and emerging-market overnight. we will come back and talk about em later on with bhanu. trudeau talking trade as his with europecked takes effect. what he has to say about his progress of trade agenda and possibly his ♪ we will do that next. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." we are 14 minutes into the session. we have gains across the board and we are seeing much more movement on the continent than we are in the u k. see the ftse up 1%. gains of 25% on the dax and almost .5% on the cac. kicksnada/e.u. trade pact in today after a se
Bloomberg
Mar 8, 2017 2:30am EST
. commerce secretary wilbur ross at 12:30 p.m. u.k. time. china's imports surged last month from a year earlier posting the biggest gain in two years of yuan dominated data. rose 4.2% in february and you on terms. that left the trade deficit of $8.8 billion for you the first negative rating in three years. economist said the results were skewed by the timing of the week long lunar new year holiday. japan is poised for its longest run of economic growth in a decade. an upward revision of fourth-quarter gdp to 1.2% on an basis.zed aces -- that would be the strongest streak of expansion since 2006. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. bloomberg. guy. guy: thank you very much indeed, juliette. let's talk about what is happening in the u.k.. slipped to sterling a seven-year low versus the dollar yesterday driven by weaker economic data and growing uncertainty over the course of brexit. 115 on the pound. you can find this out by going to fxfc. q2 17, markets, this is q3 17, 116. around 125. global strategy joining us.
Bloomberg
Jul 19, 2017 2:30am EDT
are moving into. let's show you what is happening with the gmm. china well bid overnight. by 1.6%. germany down by 1.25%. in the koreanf won is trading up. there are some rubles trading to the upside. an interesting little story. thecommodity story back on agenda. let's move to the other side of the screen. this is the picture we find ourselves with. i want to highlight a couple of things, iron ore is trading ray strongly overnight in asia. 1.77%.p by a big move on iron ore overnight . feeding into the chinese and commodities story. let's check out -- catch up with the bloomberg first word news with juliette saly. juliette: thank you. in the u.s. the white house is confirming that president trump at vladimir putin a second time at the g20 and hamburg, something that was not disclosed at the time. last night, trump lasted on twitter about reports of the encounter declaring he was once again the victim of a "fake new story." he tweeted fake news is be coming more dishonest, even a dinner arranged for top 20 liters and germany is made to look sinister. -- leaders in germany is made
Bloomberg
Nov 16, 2016 2:30am EST
raised rates in the got impacted i china refining. -- by china refining. it is disappointing we have taken so long to get here. matt: there has been a lot of disagreement in the market but names like stephen schwarzman are optimistic that trumps policies will be helpful for the economy. even though one week ago he said it would be a horror for the markets if trump was elected. the other on or this, where do you fall? from our perspective, what is really important about trump is he is going to provide that fiscal stimulus. we have been dominated by monetary stimulus ever since the crisis in 2008. the same message is one we have been delivering in the u.k. here as well. if the government needs to encourage investment, trump has been all about investment in the united states. i have been in the u.s. this last weekend and the infrastructure there is still not as good as you would expect. it is a significant need to invest in that is his key message, i want to encourage investment in the united states am a it is a good way of encouraging inward investment as companies think we will reloca
Bloomberg
Mar 10, 2017 2:30am EST
saly. governor in china, the of the pboc has said you on -- yuans rate should be steady this year. in a rare news conference, interest rates differentials will be mainly based on the domestic economy. currency markets are sensitive and this year. jpmorgan's ceo has said president trump economic agenda has ignited u.s. business and consumer confidence. in an exclusive interview with bloomberg, jamie dimon said he is reassured because of the caliber of people the administration has brought on board. upit seems he has woken animal spirits. we're never had such a pro business president since the founding fathers. i'm not sure that is true, but small business confidence, consumer confidence, business confidence all skyrocketed because it is a growth agenda. juliette: global news 24 hours a day, powered by more than 2600 journalists and analysts in more ,han 120 countries will countries, this is bloomberg. guy: thank you, juliette. south. quarters impeached -- south korea impeached the president amid a scandal. protests, to the impeachment, two people are reported to have died. the decision
Bloomberg
Mar 20, 2017 3:30am EDT
from china to south america sees overall volumes growing and low single-digit this year after a 3.2% line growth in 2016 three net income for 2016 was $1.02 billion while revenue was $4.16 billion. china's industrial sector reforms will bolster the iron ore export market. that is according to rio tinto's ceo, when he spoke to bloomberg in beijing earlier. >> it is fair to say, as we have seen, last week, some of us are moving in the right direction. we had plenty of access points in relation to the chinese economy because we are supplying iron ore, copper, even diamonds. so once again, i am not concerned for this year. juliette: and that is your bloomberg business flash. guy, matt. guy: thanks very much. erdgoan president berdyc stepped up his campaign. he accused the netherlands of threatening to lower the number of turks there. i asked him about turkey's relationship with europe. as he is concerned, the treatment of the turkish minister and the turkish, of course, protesters who were ,here to welcome the minister who certainly does not, you know, comply with european standards cod
Bloomberg
Jun 12, 2017 2:30am EDT
at levels last year when china was melting apart. but they have aggressively the full risk, nowhere near default, but markets are showing signs of concern. the real squeeze comes down to the lng market. liquefied natural gas. doesn't it? yousef: what's happening in the default space is fascinating. the forward market is also interesting. it at the highest level on record since about 2001. that's the best qatar is going to have to move on that front. a quick note on what is happening. the biggest exporter, we have a customers coming out of japan that include zero and tokyo gas as well. try to push in terms of better pricing and better deal out of it. qatar is in a weak spot, but the fundamental weston remains, how will this impact investor sentiment the broader region? manus: the risk of contagion. thank you very much. we will talk a little bit more about macron on the march, the french president gets offered. offer the majority in the national assembly. that's next. ♪ manus: 7:54 in london, a: 54 in paris. well inid fabulously the first front of the polls this weekend. he won 31.5
Bloomberg
May 16, 2017 2:30am EDT
top. global stocks yesterday rose to a record high on the promise of more spending out of china to boost global infrastructure. we saw at one point s&p rising to its highest level. we saw at one point asian stocks, the nikkei touching 20,000. things are coming off from their, but still relatively high levels, and we see futures hanging right now in the air. take a look at the bund trade. let me zoom in so you can get a sense of what's happened just in the past 10 minutes. investors selling off the debt, pushing up the yield. 0.421 is the interest rate you get when you loan the german government money for 10 years, but that has been incredibly volatile over the last month. we have gone from half a percent to .1%, back to 0.421. guy: it's amazing how calm these markets are. levels keep being taken -- you mentioned what happened to the s&p yesterday. 24 --en't been north of that a significant. that tells you a lot about where risk is right now. in terms of the markets, dollar index down. dollar-yen. 1.13 on considering what's happening in washington, it is sensational that the markets
Bloomberg
Mar 21, 2017 3:30am EDT
where mercedes lacked was in china, and they have been picking up speed the first couple months of the year. mercedeses outsold -- outsold its rivals. it is unlikely bmw is going to come back in the next couple years. chris, thanks very much for your time. our head auto replied -- reporter. we speak to the bmw ceo later this afternoon. do not miss it. ♪ . live-stream your favorite sport at the airport. binge dvr'd shows while painting your toes. on demand laughs during long bubble baths. tv everywhere is awesome. the all-new xfinity stream app. xfinity. the future of awesome. ♪ france fuels the euro as the first presidential debate doing well, should recent history make investors cautious? price pressure u.k. inflation expected to top 2% for the first time in three years, will and overshoot encourage others to talk about raising rates? minneapolis that president neel kashkari tells bloomberg there is no need to rush another rate rise in the u.s. will his colleagues continue to ikes whentwo or three h they speak later today. i am matt miller in brussels alongside guy johnson at
Bloomberg
Jul 10, 2017 2:30am EDT
exit. in a side of her weakness, she will call for cross party corporation to deliver it. china's price gains held up in june with factory gates coming in at 5.5%. consumer prices gained 1.5%. despiteemains robust excessive borrowing. controls on building construction could soon way on on demand.weigh the launch of the first futures contract for the commodity since the middle of the 1980's. the london midland exchange for almost half the world's gold changes hands. sinceggest reduction 2016. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. guy? guy: to say that this is a busy week is something of an understatement. so much is going on. will it take us any further forward? this is being portrayed in the british newspapers as an sos. one of the papers are calling -- saying, i need help with it. janet yellen starts her monetary policy report on wednesday. weightay is where we get states out of the u.k.. donald trump meets emmanuel macron and attends bastille celebration. lots to think about, all caps in the
Bloomberg
Feb 27, 2017 2:30am EST
award. the quick sheet guide. is it all about the dollar? bhanu: not at all. it is more about china. it is more about commodities then the dollar. and the one that controls my duties is china. whether you see the housing market boom that you saw in 2016, continuing into this year -- we do not think it will. as the u.s. is hiking rates and china is doing better, in q2 or q3 of this year, you will see this reflation taken back. guy: joining us from ubs. i hope he will join us on bloomberg radio. surveillance is up next with bark artan -- marke barton. this is bloomberg. ♪ mark: why traders still don't see a march hike happening despite talking up from the fed. sterling slides on a report there could be a second scottish referendum as theresa may braces for a brexit battle with the lords. and macro momentum. polls bonds rise as new see the independent candidate opening of his biggest lead yet over francois fillon. this is "bloomberg surveillance ." i'm mark barton in london. check out what's happening to stocks today.
Bloomberg
Jan 13, 2017 2:30am EST
start could the on the cards today. here is juliette saly. juliette: thank you. china's exports remained subdued last month as weak level demand weighed on sales. overseas shipments in december fell 6.1% in dollar terms while imports rose more than 3% to leave a $41 billion trade surplus. the world's largest exporter faces more challenge this year as it braces for potential trade friction with the u.s. haspeople's bank of china asked some banks to stop processing cross-border yuan balance until they inflows and outflows. according to people familiar with the matter, the directions require the lenders to show that the amount of outgoing yuan matches the sum that comes in. that comes as authorities step up a campaign to curb a record amount of money leaving the nation. fiat chrysler closed more than 10% lower in u.s. trading after it was accused of cheating on diesel emissions. the u.s. environmental protection agency says software was put in certain vehicles, allowing them to exceed pollution limits, but stopped short of calling it a defeat device. the company contests the allega
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