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Jan 25, 2017
01/17
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"surveillance." i am in madrid. we talked in new york, a most interesting day, as the president of the united states prepares to talk about this, we are in a country in europe most exposed to latin america, great to hear the thoughts of protectionism and the impact it would have on emerging markets and all her earnings. -- and on her earnings. tom: what it means for trading partners and the backdrop is prime minister may's visit on friday to washington. drop.ne: look at my back a great way to look at spanish companies, santander for example. we will get more on the banks and predictions and your president of the united states but first straight to the bloomberg first word news. taylor: starting with border security, focus on donald trump's latest executive action, laying out his plan for a wall on the u.s.-mexico border and other efforts to tighten the border during a visit today to the department of homeland security. he is expected to all a retreat -- restricting refugee flows to the u.s. later in the week. two front runners emerging as donald trump her best to make his first supreme court
"surveillance." i am in madrid. we talked in new york, a most interesting day, as the president of the united states prepares to talk about this, we are in a country in europe most exposed to latin america, great to hear the thoughts of protectionism and the impact it would have on emerging markets and all her earnings. -- and on her earnings. tom: what it means for trading partners and the backdrop is prime minister may's visit on friday to washington. drop.ne: look at my back a...
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Jan 26, 2017
01/17
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new york. the dow, 20,000. we talked about that. e bring it back to 1960. tom: randy will continue with us here as he did in the 4:00 hour new york time. all of a sudden people are looking at strong dollar outcomes with president trump. that will be the theme for all of "surveillance" for five hours today. francine: probably the theme for five months if not five years. >> theresa may is making a two-day trip to the united states. the british prime minister will be in philadelphia today and will become the first foreign leader to visit with donald trump tomorrow. mexico's president is considering canceling a visit to washington following donald trump's order to begin construction of a border wall. here is nieto speaking through a translator. are i am saddened with the united states continuing with the construction of a wall which has divided us. mexico does not believe in walls. i have said time and time again, mexico will not pay for any wall. >> shinzo abe said he is open to a by lateral trade deal with the u.s. a japanese newspaper report the leaders set to have a phone degrees i
new york. the dow, 20,000. we talked about that. e bring it back to 1960. tom: randy will continue with us here as he did in the 4:00 hour new york time. all of a sudden people are looking at strong dollar outcomes with president trump. that will be the theme for all of "surveillance" for five hours today. francine: probably the theme for five months if not five years. >> theresa may is making a two-day trip to the united states. the british prime minister will be in...
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Jan 31, 2017
01/17
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. nejra: deutsche bank will pay $425 million to settle allegations by new york regulations that it helped wealthy russians launder billions of dollars. the investigation was linked to claims that employees used a mirror trading scheme to move money out of the country from 2011-2014. the u.k.'s financial conduct authority also find the bank over the laundering. royal dutch shell has agreed to sell a package of u.k. north sea oil and gas assets for as much as $3.8 billion to a private equity firm. the move marks a significant step in the energy major's development program. thousands represent of barrels of oil. shell is planning to sell $30 billion in assets through 2018. assetso third quarter topped estimates, helped by a weaker yen that boosted overseas profits. the company raised its forecast for net income in the current fiscal year through march by ¥40 billion. nintendo is preparing to roll out a new console, switch, in march. that is the bloomberg business flash. francine: trust the people and back brexit. that is the message from theresa may's government as parliament begins
. nejra: deutsche bank will pay $425 million to settle allegations by new york regulations that it helped wealthy russians launder billions of dollars. the investigation was linked to claims that employees used a mirror trading scheme to move money out of the country from 2011-2014. the u.k.'s financial conduct authority also find the bank over the laundering. royal dutch shell has agreed to sell a package of u.k. north sea oil and gas assets for as much as $3.8 billion to a private equity...
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Jan 11, 2017
01/17
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. we will be joined from new york by richard haass, president of the council on foreign relations. about richardrs being touted for some kind of job in the trump administration. if you have a bloomberg terminal, you can follow us on the tv go, where you can watch the show and interact with our charts and functions. for ruperttle odd and i to see ourselves on screen. you can look at that one-month volatility in u.s. elections. let's get to the bloomberg business flash. sebastian: bouygues has won a construction contract worth 1.7 billion euros for the hinkley point nuclear plant in the u.k. the country will work with langer rourke on constructions that will house the reactors. airbus has won a $3.8 billion order for jets from aviation capital. of 2017.ts first sale according to people familiar with the plan, the company is close to securing a deal from saudi arabia. johnson will be speaking to fabrice bregier, the ceo of airbus. sainsbury shares are trading higher after it beat third-quarter sales estimates. like for like retail sales excluding fuel rose 0.1%. the u.k. retailer say
. we will be joined from new york by richard haass, president of the council on foreign relations. about richardrs being touted for some kind of job in the trump administration. if you have a bloomberg terminal, you can follow us on the tv go, where you can watch the show and interact with our charts and functions. for ruperttle odd and i to see ourselves on screen. you can look at that one-month volatility in u.s. elections. let's get to the bloomberg business flash. sebastian: bouygues has...
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Jan 5, 2017
01/17
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uncertainties and the possible impact on growth. demonstrators descend on goldman's new york headquarters as the president-elect picks a wall street insider to be his top regulator. is this draining the swamp? the offshore yuan posts its biggest two-day gain on record. and, with the pound under pressure u.k. businesses see themselves having to up their prices. how bad will the consumer squeeze be weston mark this is what we will try and find out. this is "bloomberg surveillance ." first thing's first. we need to check on the markets. this is what your data looks like today. the yuan extending gains. hong kong lifting asian stocks. the stoxx 600 in europe practically unchanged. euro and gold extending some of their gains. we're looking at offshore yuan recovering from an earlier loss. meanwhile, yen in line for the strongest levels in more than three weeks. 116.28. 20 more on the markets shortly. let's get to the bloomberg first word news. here's sebastian salek. sebastian: the fed minutes show donald trump's plans may force rate hikes at a faster pace. policymakers saw an increase in the
uncertainties and the possible impact on growth. demonstrators descend on goldman's new york headquarters as the president-elect picks a wall street insider to be his top regulator. is this draining the swamp? the offshore yuan posts its biggest two-day gain on record. and, with the pound under pressure u.k. businesses see themselves having to up their prices. how bad will the consumer squeeze be weston mark this is what we will try and find out. this is "bloomberg surveillance ."...
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Jan 10, 2017
01/17
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break. just bring up this art in new york if you would. this is germany, italy inflation. we are where we have not been before in 20 years. we simply jumped to a higher german inflation, weaker italian inflation, and the divergence hans redeker just talked about. we will continue with all the grout and hans redeker -- paul de grauwe and hans redeker. marvin barth will join us from barclays. i am tom keene. stay with us. this is bloomberg. ♪ francine: i am here in london with tom keene. it is quite a busy week. we have a little bit of news, this is when mps grilled ceo's. they are focusing on brexit. the -- saying of he is monitoring is closely, saying he is a little bit concerned. he recommends grandfathering systems in brexit. of thendfathering systems is when you have parallel systems that you keep a little bit. it could take a little longer. let's get straight to the bloomberg business flash. >> valeant pharmaceuticals has agreed to sell more than 2 billion dollars of assets. selling their pharmaceuticals unit to a privately owned chinese conglomerate for $820 million. the company
break. just bring up this art in new york if you would. this is germany, italy inflation. we are where we have not been before in 20 years. we simply jumped to a higher german inflation, weaker italian inflation, and the divergence hans redeker just talked about. we will continue with all the grout and hans redeker -- paul de grauwe and hans redeker. marvin barth will join us from barclays. i am tom keene. stay with us. this is bloomberg. ♪ francine: i am here in london with tom keene. it is...
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Jan 19, 2017
01/17
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, new york, trying to figure out what the ideal situation would be. the prime minister was saying she wants a better deal. >> what does that look like? recognize that on both sides, there are political imperatives. from the u.k. side, we can no longer accept freedom of movement. from the european side, they have a position about the indivisibility of the four freedoms in the internal market. we have to work within the parameters defined by the reality of politics to find a trading relationship, a security relationship, cooperation in a broad range of areas, that allows the patterns of business that we already have, the supply chains that operate across europe, to continue to operate with minimum disruption. that is good for britain but also good for our partners. francine: negotiations can be very short. if you have two sides with opposite views and no one is ready to give in, they can be done in six months. >> i suspect they won't be. we should be able to agree, i think, quite easily on the principles. working through the detail will take longer. i hope that we will be able to get, b
, new york, trying to figure out what the ideal situation would be. the prime minister was saying she wants a better deal. >> what does that look like? recognize that on both sides, there are political imperatives. from the u.k. side, we can no longer accept freedom of movement. from the european side, they have a position about the indivisibility of the four freedoms in the internal market. we have to work within the parameters defined by the reality of politics to find a trading...
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Jan 3, 2017
01/17
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of 2017 from eurasia group's headquarters in new york city. i am tom keene in new york, guy johnson in london. your thoughts, please, as we begin 2017. guy: look at what the markets are telling us. the stoxx 600 is back in a boland work it. -- bond market. i have written so many notes about how european politics will dominate 2017. disagrees and says it will be the earnings story out of europe that will drive things here are we overplaying the politics and underplaying the global recovery of economic performance? tom: totally agree with that. we will address that. in our next hour with ian bremmer at eurasia group as they launch their risks for 2017, a wonderful lineup. dominic barton will join us. we are thrilled to bring you this morning lawrence summers, a former secretary of treasury for the united states. later this morning on bloomberg robbie roger on will join us on the new international world order. islamic state claimed responsibility for the deadly new year's eve attack on a nightclub in istanbul. 39 people were killed. turkish authorities have detained eight people but th
of 2017 from eurasia group's headquarters in new york city. i am tom keene in new york, guy johnson in london. your thoughts, please, as we begin 2017. guy: look at what the markets are telling us. the stoxx 600 is back in a boland work it. -- bond market. i have written so many notes about how european politics will dominate 2017. disagrees and says it will be the earnings story out of europe that will drive things here are we overplaying the politics and underplaying the global recovery of...
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Jan 9, 2017
01/17
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conspiracy to do from the u.s. that is according to "the new york times. , who ledliver schmidt vw in the u.s., is expected to be arraigned today. the paper says vw, the fbi, and the doj declined to comment. donald trump is facing some pushback against his america first policy. he's been putting pressure on the u.s. auto industry to stop making cars in mexico and bring jobs back home. general motors ceo mary barra says she won't change production plans simply because the president-elect since critical tweets. gm is shifting production to mexico from canada. you can see mary barra's first interview of the day from the north american international auto show at 1:40 p.m. u.k. time. that is the bloomberg business flash. francine: thank you so much. china's foreign currency reserves fell in november as the yuan posted its steepest annual slide in more than two decades. reserves decreased to a fresh five-year low. the state administration of foreign exchange said the pboc's effort to stabilize the yuan was the main reason for last year's drop. an advisor to the central bank told bloomberg t
conspiracy to do from the u.s. that is according to "the new york times. , who ledliver schmidt vw in the u.s., is expected to be arraigned today. the paper says vw, the fbi, and the doj declined to comment. donald trump is facing some pushback against his america first policy. he's been putting pressure on the u.s. auto industry to stop making cars in mexico and bring jobs back home. general motors ceo mary barra says she won't change production plans simply because the president-elect...
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Jan 27, 2017
01/17
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both for joining us today. bloomberg "surveillance" continues next. tom keene in new york. guy johnson in washington. theresa may's big day, meeting with donald trump. ♪ tom: this morning, the president will greet the prime minister. the backdrop, a pending trade war with mexico and perhaps china. mrs. may will counsel patients. president trump will not greet the president of mexico. note the swiss franc strength. of athe shock and awe trump america, we contented -- consider outside of america. good morning, i am tom keene and washington, visiting with the prime minister. guy johnson. the prime minister comes up to an absolute uproar in america. how will she adapt and adjust to the events of the last 24 hours? guy: i think she can take advantage of it because i suspect the new administration will want to display to the world it is not as protectionist as some of these headlines suggest. maybe the language we get from the trump administration toward the u.k. is a little more positive when it comes to the potential of a trade deal. that is certainly something we need to bear in mind. u
both for joining us today. bloomberg "surveillance" continues next. tom keene in new york. guy johnson in washington. theresa may's big day, meeting with donald trump. ♪ tom: this morning, the president will greet the prime minister. the backdrop, a pending trade war with mexico and perhaps china. mrs. may will counsel patients. president trump will not greet the president of mexico. note the swiss franc strength. of athe shock and awe trump america, we contented -- consider...
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Jan 23, 2017
01/17
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for the luxury business? -- we will goay live to new york and get the latest on what we can expect from donald trump as he begins his presidency. then in the next hour, we will bring you the latest market news on how investors should play the trump white house. for more, tune into daybreak europe. this is bloomberg. ♪ francine: good morning, this is "surveillance." let's get straight to your market check with mark barton. mark: president trump's inauguration speech on friday, the america first rhetoric, is causing uncertainty in the lack of details on fiscal and economic policy, also causing uncertainty across various asset classes. this is the stoxx 600, down by .5%. strong basic resources up, most of the industry groups are lower today. and fell for the first time, and europe is underappreciated ahead of the investment office. if you like at the economic data performance and how it is improved, investors are focused too much on politics when it comes to europe and less on the underlying fundamentals, which he says create investment opportunities. this is the dollar against all
for the luxury business? -- we will goay live to new york and get the latest on what we can expect from donald trump as he begins his presidency. then in the next hour, we will bring you the latest market news on how investors should play the trump white house. for more, tune into daybreak europe. this is bloomberg. ♪ francine: good morning, this is "surveillance." let's get straight to your market check with mark barton. mark: president trump's inauguration speech on friday, the...
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Jan 12, 2017
01/17
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senior advisor to president elect donald trump joins us at 7:00 a.m. in new york, noon in london. this is bloomberg. ♪ tom: it is new york, it has been cold. it will be cold in europe as well as winter is upon us. good morning from our london studios this week, francine lacqua and tom keene. taylor riggs with our business flash. taylor: johnson & johnson has tentatively agreed on a price to acquire actelion according to people familiar with the matter. they would spin off their assets into a new company and shareholders would be able to keep some stock. they had offered to pay more than $28 billion for actelion. profit rose more than expected at taiwan's semiconductor. apple and chinese phone companies have increased demand for high-end microchips. it is the world's largest contract hit maker -- chipmaker. the british retail reported its best clothing sales and more than five years. arcs and spencer sales were up two point 3% in the quarter that ended december 31. that is your bloomberg business flash. newsine: donald trump's conference was dominated by questions about his relationsh
senior advisor to president elect donald trump joins us at 7:00 a.m. in new york, noon in london. this is bloomberg. ♪ tom: it is new york, it has been cold. it will be cold in europe as well as winter is upon us. good morning from our london studios this week, francine lacqua and tom keene. taylor riggs with our business flash. taylor: johnson & johnson has tentatively agreed on a price to acquire actelion according to people familiar with the matter. they would spin off their assets...
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Jan 30, 2017
01/17
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workers and commerce. starbucks expressed concern. michael mckee joins us now from new york. what would the economic effect of stripping skilled workers from entering the u.s. the? >> that is the question. the economic impact of the trunk orders has not been all that great because these countries that are involved don't have a lot of refugees and economic impact in the world. but we have obtained at bloomberg news a draft of an order that trump is considering putting out that would restrict the flow of skilled immigrants into the united states on the h-1b these of program. many of them work in the tech industry so it could be a very important move if he does that. the other aspect of this is the uncertainty that everything has brought forward. businesses have been waiting to see what donald trump might do and he does in to be following through on his campaign promises which could lead to a trade war with mexico. we don't know what he is going to do with china. this raises questions about how easy it is to do business under mr. trump going forward. francine: does he have the suppor
workers and commerce. starbucks expressed concern. michael mckee joins us now from new york. what would the economic effect of stripping skilled workers from entering the u.s. the? >> that is the question. the economic impact of the trunk orders has not been all that great because these countries that are involved don't have a lot of refugees and economic impact in the world. but we have obtained at bloomberg news a draft of an order that trump is considering putting out that would...
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Jan 17, 2017
01/17
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traders, according to "the new york post," citing a unidentified people. they saly the top 10% are expected to receive a bonus, and those payments may be spread out over the next five years. a spokeswoman in hong kong declined to comment. turkish officials say the man who killed 39 people in istanbul has been captured. according to the state run paper, he was detained in istanbul along with another man and three women. the search for the malaysian airliner that disappeared three years ago with 279 people on board has been suspended. australia, malaysia, and china says the decision was made with sadness after searching more than 46,000 square miles of the southern indian ocean. the mh370 vanished while flying from kuala lumpur to beijing. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. salek.astian this is bloomberg. francine: thank you. we're gearing up for theresa may's the brexit speech. we're told she will say that the u.k. is likely to pull out of the european union's single market for goods and services and seek a complete
traders, according to "the new york post," citing a unidentified people. they saly the top 10% are expected to receive a bonus, and those payments may be spread out over the next five years. a spokeswoman in hong kong declined to comment. turkish officials say the man who killed 39 people in istanbul has been captured. according to the state run paper, he was detained in istanbul along with another man and three women. the search for the malaysian airliner that disappeared three...
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Jan 4, 2017
01/17
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hour. tom keene joins me out of new york. we will kick off the conversation with jeremy stretch and christian schulz. we will be talking more about political risk, about where they see euro going, where they see dollar going, the reflation of trumponomics, and steven mnuchin. this is bloomberg. ♪ . inflating expectations, stronger euro zone cpi could give the ecb room. we break the data as it crosses. currency works on, china set to consider options to back the following you on adding to concerns over a wider capital controls. -- negotiating expertise is in short supply, the possibility of a so-called hard brexit. welcome, this is bloomberg "surveillance." tom keene is back in new york. i hope you are well. we need to get to work because we have some inflation figures in the eurozone. thantle bit better estimated, euro area december inflation rate writing to 1.1%, median estimate was 0.1%. it is a touch above expectations. this is probably what we need to look at, euro pouch check or euro-dollar check. draghi's job mario easier. tom: a theme is, there is a little bit of good news
hour. tom keene joins me out of new york. we will kick off the conversation with jeremy stretch and christian schulz. we will be talking more about political risk, about where they see euro going, where they see dollar going, the reflation of trumponomics, and steven mnuchin. this is bloomberg. ♪ . inflating expectations, stronger euro zone cpi could give the ecb room. we break the data as it crosses. currency works on, china set to consider options to back the following you on adding to...
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Jan 16, 2017
01/17
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to them for bringing this my attention. that is sterling. bring up the chart in new york if you would. this is from the bloomberg terminal. if you want to get this to jack -- exec chart, you can get that. swissie shows the massive divergences in europe. are we still going to see this where it's basically everybody against germany when you look at foreign-exchange? >> clearly. at this point, the reason you buy bonds is because in the near term it's about qe. the reason you buy bonds is because it's protection on the eurozone. clearly, when we look at the currencies around the world, i would say sterling sits in that and the dollar sits in that, you then have to make a decision about which currency sits in which bucket. sterling is within the political docket. guy: i want to bring in something off the terminal. sorry. tom: go ahead. i think this is remarkably important, the depreciation and sterling is not about brexit, but about the entire european system. guy: i think that is looking fragile. you saw this morning the impact of that downgrade. another interesting story around ita
to them for bringing this my attention. that is sterling. bring up the chart in new york if you would. this is from the bloomberg terminal. if you want to get this to jack -- exec chart, you can get that. swissie shows the massive divergences in europe. are we still going to see this where it's basically everybody against germany when you look at foreign-exchange? >> clearly. at this point, the reason you buy bonds is because in the near term it's about qe. the reason you buy bonds is...
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Jan 24, 2017
01/17
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am francine lacqua in london with tom keene in new york. we have already had one hour of surveillance with that supreme court ruling saint theresa may needs to go through parliament to trigger article 50. there are two ways to go about it, a more beefy bill or something that could take half a day and it seems that we are inching toward the first one. it may be a lot more painful for theresa may to bat away some of the amendments the against brexit people want. tom: basic idea is, could we get a vote on this quickly? we do not know, but it is unlikely this will derail the brexit rss. -- process. it is just a problem of time. let's get to the bloomberg first word news. foror: this is a defeat theresa may as the supreme court judges ruled the government cannot formally begin the brexit process without approval from parliament. lawmakers in the house of commons supported the remain campaign on the referendum of whether to stay in the european union. legislators could slow down any bill by attaching amendments. members ofp told congress he believes he lost the popular vote bec
am francine lacqua in london with tom keene in new york. we have already had one hour of surveillance with that supreme court ruling saint theresa may needs to go through parliament to trigger article 50. there are two ways to go about it, a more beefy bill or something that could take half a day and it seems that we are inching toward the first one. it may be a lot more painful for theresa may to bat away some of the amendments the against brexit people want. tom: basic idea is, could we get...
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Jan 18, 2017
01/17
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how is is to buy a house in london or new york, expensive cities are all in asia. mumbai and shanghai take years for a household with a normal income to buy an apartment. london came in fifth place. powered by journalists and analysts in more than 120 countries, this is bloomberg. tom: thank you so much. it is too cold in davos to do a day to check, so we will go back to london. mark barton? mark: it is not frigid here. this is my chart of the day, sterling-dollar intraday percentage moves, going back to 1992. look what happened yesterday. a 3% move out, versus dollar. the biggest daily game since 1993. this chart shows every single one of them, going back to 1993, after prime minister may's brexit speech. bank of america merrill lynch says the worst for sterling is most likely over for now. what may go when she triggers article 50? hard brexit concerns may have peaked in the near term, leaving sterling undervalued. deutsche bank disagrees. it sees sterling falling below 1.10. hsbc forecasts further depreciation, given political and certain key. a 3% rally yesterday. we are f
how is is to buy a house in london or new york, expensive cities are all in asia. mumbai and shanghai take years for a household with a normal income to buy an apartment. london came in fifth place. powered by journalists and analysts in more than 120 countries, this is bloomberg. tom: thank you so much. it is too cold in davos to do a day to check, so we will go back to london. mark barton? mark: it is not frigid here. this is my chart of the day, sterling-dollar intraday percentage moves,...
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Jan 6, 2017
01/17
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the tone, the cadence, the pace of london and new york banking. only with the other geographies. is there is a new tone of voice, a new humility to international banking given what we have seen the last number of years? or is it going to be the same old, same old in the banking recovery? david: you see the pendulum swinging in both directions. tom: i agree. david: as a result of the higher capital positions that have been mandated by the basel rules and regulations come you will probably see a little less bandwidth and the pendulum. the highs will not be as high, the lows will not be as low. there will be less competitive .ressure, to some degree you will see relative stability in earning streams for banks. that has positives and negatives. tom: david, this is critical. you are going to tell me the bandwidth is going to come in and that is herro talk for the idea of it as a utility. are you going to make your alpha and banking shares by capital , or as a dividend chair that gives you most pop? david: these banks are yielding quite high amounts. i would say there are going to be util
the tone, the cadence, the pace of london and new york banking. only with the other geographies. is there is a new tone of voice, a new humility to international banking given what we have seen the last number of years? or is it going to be the same old, same old in the banking recovery? david: you see the pendulum swinging in both directions. tom: i agree. david: as a result of the higher capital positions that have been mandated by the basel rules and regulations come you will probably see a...
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Jan 13, 2017
01/17
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, snow in london, everybody in a panic over a half inch of snow which i do not get. new york is seasonably warm. the new strange weather of this decade. good morning, new york. francine? francine: we are not used to the snow so we have not spent millions upgrading our airports and buses, it is cultural and we are used to milder weather. fivei was just looking for inches of snow to make london beautiful but it did not happen. francine: there is no know in mexico, let's focus on the peso, the second worst performing currency this year and investors concerned about the impact of donald trump's policies. that is putting it mildly, mexico central bank has selling dollars in an attempt to bolster the exchange rate. we have the head of research at and ryan colden, the chief economist at fitch ratings. when you look at mexican peso, i do not see how they can fight it. have you fight the currency? >> i do not think they will, their intention is to limit the speed of the move and to ameliorate the volatility in the short-term, the mexico central-bank does not have an inflation -- and fx t
, snow in london, everybody in a panic over a half inch of snow which i do not get. new york is seasonably warm. the new strange weather of this decade. good morning, new york. francine? francine: we are not used to the snow so we have not spent millions upgrading our airports and buses, it is cultural and we are used to milder weather. fivei was just looking for inches of snow to make london beautiful but it did not happen. francine: there is no know in mexico, let's focus on the peso, the...
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Jan 20, 2017
01/17
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extraordinary but today everyone focused in washington with our first news in new york. taylor: we're sticking with washington a few hours from now, a journey that began 18 months ago gets to a place few believed possible. donald trump will be on the steps of the u.s. capitol hill where he'll be sworn in. he spent the day in a series of events around washington and promised to he newt the country and said his cabinet as the highest i.q. 6 any that's been assembled. the senate is expected to confirm the two members of that cabinet, both ex-military men and retired army general james mattis is the defense to run the defense department. the committee voted 26-1 in favor of his nomination and the retired marine general jon kelley is expected to be confirmed as secretary of homeland security. chuck schumer says it's possible some of the other picks can be voted on quickly. meanwhile, billy their and william buffet supports the choices for his cabinet. he backed hillary clinton but will support the picks. and he said he should pick people to help him run a company. trump is likely to
extraordinary but today everyone focused in washington with our first news in new york. taylor: we're sticking with washington a few hours from now, a journey that began 18 months ago gets to a place few believed possible. donald trump will be on the steps of the u.s. capitol hill where he'll be sworn in. he spent the day in a series of events around washington and promised to he newt the country and said his cabinet as the highest i.q. 6 any that's been assembled. the senate is expected to...
10
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Jan 2, 2017
01/17
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year and special, i'm tom keene from new york. with me is abby joseph cohen and , senior investment adviser to goldman sachs. that was the perfect moment to capture janet yellen in 2016. i want to jump ahead here. maybe to the end of her term to a new fed chairman in its massive battle to overcome rules and discretion. john b taylor, stanford university, alan greenspan on the other side, talking about discretion. rules andyou on discretion and the efficacy of that strategy for any given central bank? >> the word i think most critical here is fed independence. tohink that to look ahead 2017, 1 of the big political footballs may prove to be the independence of the fed which i be in thisbe -- must country. so when we talt thk aboutaylor rule and so on, i think it is a good starting point. the fed obviously uses many different mathematics. also, models to determine where they want to be, where they think interest rates will be. view, the logical back. >> are the checks and balances within the washington system to give us the miracle of 1951, usurped for a very independent fed. 25 years
year and special, i'm tom keene from new york. with me is abby joseph cohen and , senior investment adviser to goldman sachs. that was the perfect moment to capture janet yellen in 2016. i want to jump ahead here. maybe to the end of her term to a new fed chairman in its massive battle to overcome rules and discretion. john b taylor, stanford university, alan greenspan on the other side, talking about discretion. rules andyou on discretion and the efficacy of that strategy for any given...
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Jan 1, 2017
01/17
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special. i am tom keene from our world headquarters in new york. let's get right into it with abby joseph cohen, senior investment strategist at goldman sachs. but that barely describes her commitment to the education of those within the investment community. her work at the cfa institute, her work for years with goldman sachs of course with david constant following day to day. what is the difference between what you do and what david kosten does everyday at goldman sachs? abby: tom, first of all, i'm delighted to be here with you. tom: for the whole hour. that is great. abby: absolutely. for the year-end retrospective and a look ahead into the new year. i spend most of my time thinking about the intermediate to long-term outlook. david and many of my other colleagues at goldman sachs really focus in shorter term. because we are trying to be helpful to our clients, and many of our clients do need that regular, hourly, daily update. i try to step away and work with our longer-term horizon clients, including individuals, endowments, sovereign wealth funds, and so on. tom: many people watchi
special. i am tom keene from our world headquarters in new york. let's get right into it with abby joseph cohen, senior investment strategist at goldman sachs. but that barely describes her commitment to the education of those within the investment community. her work at the cfa institute, her work for years with goldman sachs of course with david constant following day to day. what is the difference between what you do and what david kosten does everyday at goldman sachs? abby: tom, first of...