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Apr 27, 2017
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. -- lloyds boosting its target for lending margins does -- this year despite record lows after the country voted to leave the european union. that is the latest bloomberg business flash. vonnie: time for a bloomberg quick take. the u.s. federal debt limit was first conceived almost a century ago to make it easier for the government to borrow money. it has morphed into an explosive political tool with the potential to roil financial markets. competitors thought to use the debt limit against barack obama. now they are debating whether to .aise the debt ceiling the treasury department will still be able to keep paying the nation's bills for a while. first by shifting funds around and then by what's called extraordinary measures like deferring payments to retirees. the congressional budget office estimates those efforts could keep the government running through the fall but failure to raise the debt ceiling could eventually result in a first ever default on some of the u.s. government's obligations. the federal debt limit was to make it1917 easier to finance world war i by grouping bonds into
. -- lloyds boosting its target for lending margins does -- this year despite record lows after the country voted to leave the european union. that is the latest bloomberg business flash. vonnie: time for a bloomberg quick take. the u.s. federal debt limit was first conceived almost a century ago to make it easier for the government to borrow money. it has morphed into an explosive political tool with the potential to roil financial markets. competitors thought to use the debt limit against...
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Apr 27, 2017
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next up we have lloyd's, astrazeneca, we will break down those numbers for you. deutsche bank has delivered bbva.nordea and what can total deliver, what is the breakeven for the energy producer? we will break down the numbers, right here on daybreak. ♪ >> the u.s. president will not terminate nafta, but pledges to renegotiate the deal with mexico and canada. this is the white house delivers its tax plan. inflation day -- forecast, now investors look to the ecb which is expected to maintain rates later today. >> after a strong earnings season, we bring you european results come as deutsche bank's return to growth stall, we get the numbers. ♪ >> welcome to bloomberg daybreak: europe. right here in the city of london . >> it is a 7:00 here, 8:00 in france. here foret of numbers back with him to tell his first quarter adjusted net -- net come -- income, $2.56 billion. 56% on large. -- market $.62 a share. upper and cause more costly. mercymething we heard the of this morning, deutsche bank, more jobs to go. operating costs will be cut by $3.5 billion. versus 2014
next up we have lloyd's, astrazeneca, we will break down those numbers for you. deutsche bank has delivered bbva.nordea and what can total deliver, what is the breakeven for the energy producer? we will break down the numbers, right here on daybreak. ♪ >> the u.s. president will not terminate nafta, but pledges to renegotiate the deal with mexico and canada. this is the white house delivers its tax plan. inflation day -- forecast, now investors look to the ecb which is expected to...
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Apr 18, 2017
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david: we now bring in lloyd stewart would. is a politics and government helow at the university -- is a politics and government fellow at the university of oxford. is this a dark day for your labour party? she would not be calling for the election if the labour party was in bad shape. >> i think she thinks that all opposition parties are having problems. she faces a string -- strange position where she faces a lead polling, yet she cannot really get legislation through apollo -- through parliament as she needs to alongside the brexit challenge she faces. she is in a strange position of all the political signals think she could -- she should call the election, so it is no surprise that she has done this. alix: we are all in agreement in terms of what this ends up meeting. the market reaction is that the sterling is up 126 over the moving average. how much is priced into sterling now? where do you stand? >> even if she gets a larger majority, the issue is that the whole process of brexit will be very long and torturous. we do no
david: we now bring in lloyd stewart would. is a politics and government helow at the university -- is a politics and government fellow at the university of oxford. is this a dark day for your labour party? she would not be calling for the election if the labour party was in bad shape. >> i think she thinks that all opposition parties are having problems. she faces a string -- strange position where she faces a lead polling, yet she cannot really get legislation through apollo -- through...
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Apr 13, 2017
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the famous impact in 1994 when lloyd bentsen said, "i want a weaker yen" and bill clinton said our biggest problem was they supported the young couple of years later because the dollar got so strong. and then they just called a strong dollar and stayed out of that. it is unusual he would do that. david: it is unusual. is it unexpected in this sense? he is a real estate developer. they tend to like low interest rates and the low dollar that comes with it. is this a big shock? >> it is not a big shock. he campaigned the opposite way throughout 2016 and now he is becoming more realistic. the gary cohn wing in the white house is its planning some of the facts of life to him. david: but is it a coincidence that in the same interview he said, i would really like a weaker dollar and i would be willing to keep janet yellen around. is this sending a message over the fed? once you go in that direction -- >> you can't possibly into it what donald trump is thinking but he can't really do better for his policies than janet yellen. most of the people that the house republicans and republicans in general
the famous impact in 1994 when lloyd bentsen said, "i want a weaker yen" and bill clinton said our biggest problem was they supported the young couple of years later because the dollar got so strong. and then they just called a strong dollar and stayed out of that. it is unusual he would do that. david: it is unusual. is it unexpected in this sense? he is a real estate developer. they tend to like low interest rates and the low dollar that comes with it. is this a big shock? >>...
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Apr 9, 2017
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caroline: hyperloop one ceo rob lloyd. we also had a chance to catch up with the company's executive chairman and asked about how this project is being funded. shervin: we've raised $160 million in funding in our 2.5-year history of founding, so it has been, we talk about this ability to do moon shots, build something from an idea to now in the deserts of nevada of reality is pretty spectacular. and we have got great investors, present and future, who will be part of what we are building, so it is going quite well. we will have more to say in the near future. caroline: such exciting projects as these sometimes are not without controversy. and one of those controversies has been the lawsuit between you and the original cofounder, you and the original cto. how does that affect money? shervin: we are going from strength to strength. we are 250 people, incredible talent. we are building this. we are -- everything is looking really great. there hasn't, there hasn't been any slowdown in our progress to make the hyperloop a reali
caroline: hyperloop one ceo rob lloyd. we also had a chance to catch up with the company's executive chairman and asked about how this project is being funded. shervin: we've raised $160 million in funding in our 2.5-year history of founding, so it has been, we talk about this ability to do moon shots, build something from an idea to now in the deserts of nevada of reality is pretty spectacular. and we have got great investors, present and future, who will be part of what we are building, so it...
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Apr 8, 2017
04/17
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we will hear from rob lloyd. and a reminder that all episodes of bloomberg technology are live streaming on twitter. check us out at @bloombergtechtv. this is bloomberg. ♪ caroline: welcome back to the "best of bloomberg technology." hyperloop one was in washington hoping to win support from policymakers. this is one of two companies trying to create the future trends of system. the company revealed routes across 35 cities, joining 24 proposals around the world. the ceo spoke to us about his company's plans in the u.s. >> this is american-made technology. our reputation innovating has been world leading, but inground transportation and high-speed rail, there is no real american technology. it is an la-based company that has grown from a garage to 260 employees in less than 27 months. we are demonstrating we can build something new, something different, by bringing the greatest minds together. we can do this in the united states if we collaborate and get support from regulators so we can dovetail with existing t
we will hear from rob lloyd. and a reminder that all episodes of bloomberg technology are live streaming on twitter. check us out at @bloombergtechtv. this is bloomberg. ♪ caroline: welcome back to the "best of bloomberg technology." hyperloop one was in washington hoping to win support from policymakers. this is one of two companies trying to create the future trends of system. the company revealed routes across 35 cities, joining 24 proposals around the world. the ceo spoke to us...
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Apr 8, 2017
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caroline: hyperloop one ceo rob lloyd. we had a chance to catch up with the company's executive chairman and ask about how this project is being funded. >> we've raised $160 million in funding in our 2.5 year history of founding, so as we talk about this ability to do loa moon shots, it is pretty spectacular. investors, present and future, who will be part of what we are building, so it is flowing quite well. we will have more to say in the near future. caroline: such exciting projects like these are not often without controversy. one has been between you and the original ctl. how hao. o. are 250 people, incredible talent, building this, everything is looking really great. any slowdownbeen in our progress to make the hyperloop a reality. caroline: coming up, future restrictions could drive tech talent to india. we will look at how it could benefit from u.s. visa reform. the return of mcafee, reemerging as a standalone company after being scooped up by intel. we will speak about the private equity landscape. that is next. t
caroline: hyperloop one ceo rob lloyd. we had a chance to catch up with the company's executive chairman and ask about how this project is being funded. >> we've raised $160 million in funding in our 2.5 year history of founding, so as we talk about this ability to do loa moon shots, it is pretty spectacular. investors, present and future, who will be part of what we are building, so it is flowing quite well. we will have more to say in the near future. caroline: such exciting projects...
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Apr 5, 2017
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ahead, what does the ceo of lloyd's of london told bloomberg about brexit? this is bloomberg. ♪ inga: preparations for brexit -- nejra: frexit -- preparations or brexit --inga beale talks in fact. inga: we have $40 billion of revenue, a major part of the financial center in london because a lot of that business comes directly into london. for us, brexit is impacting not only 5% of that. that is why we are setting up the -- that is only for 5% of our business. the rest will remain the same. she says the uncertainty in politics have benefited lloyd's of london with more people looking for insurance. look at where european markets are trading as we head to the close, raising earlier gains, pretty flat. this is bloomberg. ♪ ♪ live from london and new york, this is the european close and i am nejra cehic with money close -- vonnie quinn. let's take you through all of the market action today. not a lot of action in the equities. the stoxx 600 gained a little bit for some part of the session, up to 3/10 of a percent but we have erased those gains into the clo
ahead, what does the ceo of lloyd's of london told bloomberg about brexit? this is bloomberg. ♪ inga: preparations for brexit -- nejra: frexit -- preparations or brexit --inga beale talks in fact. inga: we have $40 billion of revenue, a major part of the financial center in london because a lot of that business comes directly into london. for us, brexit is impacting not only 5% of that. that is why we are setting up the -- that is only for 5% of our business. the rest will remain the same....
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the ceo of lloyd's of london has told bloomberg how global uncertainties are driving demand for insurance. ita beall told us about growing area for the market. >> we have seen an increase in demand for all types of political risk insurance, particularly if businesses are doing trade with other countries. they want to protect the fact that they might not get paid if a government puts on a band of transferring money out of the country. we are seeing a great demand for that. also things like terrorism insurance. we are seeing a demand for that. sebastian: that is the bloomberg business flash. nejra: thanks. north korea has conducted another ballistic missile test. it comes days after president trump vowed to act unilaterally to address a threat from kim's regime if china won't and a day before trump comes face-to-face with xi jinping. is in finland today. his stop there reflects a fundamental shift in commercial and limiting ties and signals that the u.s. is not the only diplomatic focus for china. juckes,th us are kit fixed income strategist at societe generale, and michael grady, senior ec
the ceo of lloyd's of london has told bloomberg how global uncertainties are driving demand for insurance. ita beall told us about growing area for the market. >> we have seen an increase in demand for all types of political risk insurance, particularly if businesses are doing trade with other countries. they want to protect the fact that they might not get paid if a government puts on a band of transferring money out of the country. we are seeing a great demand for that. also things like...
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the ceo of lloyd's of london has told bloomberg how global uncertainties are driving demand for insurance against political and terrorism risk. he told us about his growing areas for the market. >> we have seen an increase in demand for all kinds of football risk insurers particularly businesses are doing trade with other countries. they want to protect the fact that they might not get paid if suddenly a government puts on a ban of structuring money outside the country. there is great demand for that and things like terrorism insurance, there is uncertainty around the world and we are seeing a demand for that. ofiette: the former chairman sinopec has told bloomberg how rex tillerson had a knack for dealing -- doing deals in china. he said tillerson's negotiating style could help diffuse frictions between china and the -- on north korea's nuclear program. korea has conducted yet another ballistic missile test. it comes days after president trump vowed to act unilaterally to address the threat if china will not. it comes a day before president trump and his chinese counterpart meet for the
the ceo of lloyd's of london has told bloomberg how global uncertainties are driving demand for insurance against political and terrorism risk. he told us about his growing areas for the market. >> we have seen an increase in demand for all kinds of football risk insurers particularly businesses are doing trade with other countries. they want to protect the fact that they might not get paid if suddenly a government puts on a ban of structuring money outside the country. there is great...
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the ceo of lloyd's of london has -- weloomberg how global were told about the growing area of the market. >> we've seen an increase in demand for all types of political risk insurance, particularly if businesses are doing trade with businesses and other countries. they want to protect the fact that they might not get paid if the government puts on a ban of transferring money out of the country and things like that. we are seeing a great demand for that. and with the uncertainty around the world, we're seeing a demand for that. >> that is your bloomberg business flash. much,thank you very deborah. let's turn back to the french elections and head out to paris where caroline joins us. she's joined by the chairman of gravitation. , ithese debates last night was a historical debate. 11 candidates. franÇois fillon managed to come back. i'm joined by an entrepreneur and security advisor. what is your take on his performance last night? that he is ashowed statement -- statesman with strong experience. he said francis seeing difficulties that need profound change and that he is the only one able
the ceo of lloyd's of london has -- weloomberg how global were told about the growing area of the market. >> we've seen an increase in demand for all types of political risk insurance, particularly if businesses are doing trade with businesses and other countries. they want to protect the fact that they might not get paid if the government puts on a ban of transferring money out of the country and things like that. we are seeing a great demand for that. and with the uncertainty around the...
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to lloyds and we have a lot of that is toxperts and invest in lloyds. >> that was the lloyds ceo. there is more. china has planned for an economic zone and we will assess the implications. daybreak.s quick check of the headlines here. the financial fallout is worsening at fox news. five automakers and three drug companies have pulled advertisements from the o'reilly factor. months and months of negative headlines against -- r ailes and possible test of the trump tehran.owards boeing says that this job would sustain 18,000 jobs and some lawmakers have voiced concerns. boeing has a deal that is being finalized. >> securing rights to thursday night games. more than last year. the games will be broadcasted by , but theorks short-term is leading up to 2021, when the deals begin to expire. you cannot the in a better seat days -- roger goodell these days. everybody wants live sports. >> everybody is watching it on their phones and computers. >> absolutely. in china, a different type of football is played. china set up a new economic zone boost economic growth toward services and developi
to lloyds and we have a lot of that is toxperts and invest in lloyds. >> that was the lloyds ceo. there is more. china has planned for an economic zone and we will assess the implications. daybreak.s quick check of the headlines here. the financial fallout is worsening at fox news. five automakers and three drug companies have pulled advertisements from the o'reilly factor. months and months of negative headlines against -- r ailes and possible test of the trump tehran.owards boeing says...
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Apr 3, 2017
04/17
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we have a little on lloyd's. rights are a continuing story and the u.k. government is getting out. and wecovering assets speaking to trump and there is a great deal of indexwith the u.s. dollar heard was the we president talking about not having a huge risk to raise rates. reason was the voice of versus the comments from earlier in the week. raise thegers positions to the highest level in almost a decade. momentum and you managers andt reducing the choice. and the doing nicely japanese market gets a bit of a boost. employment is at a 23 year low. will that be passed on to workers in japan? that is a big question. we have been following this do you have a quick word on the brexit bank? options ong all the the table and they say that this defending and all of the options are on the table. >> there has been some press speculation and they had to review.o a strategic they announced a strategic review of our food business. markets andan japanese markets. >> they are closed. >> they both closed positively they are up by just a fraction. >> you have the bond market in stoxx are a the litt
we have a little on lloyd's. rights are a continuing story and the u.k. government is getting out. and wecovering assets speaking to trump and there is a great deal of indexwith the u.s. dollar heard was the we president talking about not having a huge risk to raise rates. reason was the voice of versus the comments from earlier in the week. raise thegers positions to the highest level in almost a decade. momentum and you managers andt reducing the choice. and the doing nicely japanese market...
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Apr 2, 2017
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>> look, obviously i have a new book called, why wall street people like jamie dimon and lloyd blankfein are explainng the time to to people what wall street does right and wrong. i would wish it jamie dimon would take the time to remind people what wall street does right, and show some leadership and try to begin to fix the things that wall street is wrong. because interesting, his last letter, he mentioned the risk of grexit. we learned also last week that they are in talks of looking for a dublin office, 1000 employees. should brexit's to be a concern for j.p. morgan now? >> it is something to think about. i don't see it as a big concern. finances of global business. do businessant to with j.p. morgan chase will be able to do business whether they are based in london and dublin, or somewhere else on the continent, asia, new york. the world of finance is global. companies come to wall street it is such an incredibly successful business. they will find wall street and jamie dimon wherever he is coming so brexit or no brexit, yes, something to think about. i'm sure they have a lot of peo
>> look, obviously i have a new book called, why wall street people like jamie dimon and lloyd blankfein are explainng the time to to people what wall street does right and wrong. i would wish it jamie dimon would take the time to remind people what wall street does right, and show some leadership and try to begin to fix the things that wall street is wrong. because interesting, his last letter, he mentioned the risk of grexit. we learned also last week that they are in talks of looking...
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Apr 2, 2017
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he rapidly concluded the right solution for lloyd's was to form a subsidiary of the lloyds market onshore e.u. i believe london will remain the financial center for lloyds. but obviously, if you look at other parts of the financial services sector, they have slightly different criteria at work. i think you will see some transfer. but i still think that london will remain a very powerful financial center. jon: theresa may will have a year to work on the sweeping trade deal she wants. >> the e.u. came out playing hardball with the u.k., saying we will not negotiate a free trade agreement with you want to you come to an agreement on some of these issues. having said that, there were glimmers of an overture. if you look at the language that donald tusk used, it talks about we will talk to you about your free-trade agreement if we see sufficient progress on these key issues like the bill. he did not actually say everything needs to be wrapped up, signed, sealed and delivered before free trade. >> we heard there will not be any bilateral talks, which is not much of a surprise. but also that the
he rapidly concluded the right solution for lloyd's was to form a subsidiary of the lloyds market onshore e.u. i believe london will remain the financial center for lloyds. but obviously, if you look at other parts of the financial services sector, they have slightly different criteria at work. i think you will see some transfer. but i still think that london will remain a very powerful financial center. jon: theresa may will have a year to work on the sweeping trade deal she wants. >>...
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Apr 1, 2017
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it will certainly remain the major financial sector for lloyd 's. obviously if you look at other parts of the financial sector, they have slightly different criteria at work. you will see some transfer. london will remain a powerful financial center. >> the eu signaled theresa may will have just one year to work on the trade deal. expected came out as playing hardball with the u.k., saying they would not renegotiate a free trade agreement until you come to an agreement on these issues. that thet is this bill u.k. owes the eu. having said that, there were glimmers of an overture. if you look at the language that donald tusk used, he basically said, we will talk to you about your free-trade agreement if we can see sufficient progress on these key issues like the bill. everything does not have to be signed sealed and delivered before moving to free trade. >> there won't be bilateral talks with specific nations. there can't be talks with specific sectors. they came back to the issue of no cherry picking if you are not in the single market. >> these are
it will certainly remain the major financial sector for lloyd 's. obviously if you look at other parts of the financial sector, they have slightly different criteria at work. you will see some transfer. london will remain a powerful financial center. >> the eu signaled theresa may will have just one year to work on the trade deal. expected came out as playing hardball with the u.k., saying they would not renegotiate a free trade agreement until you come to an agreement on these issues....