On the referendum. I am Francine Lacqua in london. Brexit, trump, sundays italian referendum despite the Political Risk, my guest says the underlying Economic Trends are positive. Londons mayor says he is received assurances that u. K. Citizens living in the u. K. Capital will not be required compelled to leave after brexit. Opec ministers meet to try to finalize the First Oil Production cut in eight years. We bring you the latest from vienna. Here is Sebastian Salek. Koreas president says she is willing to resign after an influencepeddling scandal. On television, park apologized. Or the controversy opposition lawmakers and some politicians from her own party have been pushing for her impeachment. Parliament says it has not yet set a specific plan for her future. A plane carrying 81 people has crashed close to colombias secondlargest airport. There are apparently some survivors. Passengers included players from a brazilian football team. South korean president jacob zuma south africa p
Tom right. An extraordinary day. And to describe how the building went silent this morning as the Prime Minister esigned was just indescribable. What are you going to try to accomplish in the next few hours . See ine im just going to tom and as he said, were just going to try to get through friday. Francine here we are with more results. Thank you, fran. Stay with with that historic vote. They voted the quit the European Union after more than four deck decades. Setting the u. K. Up for years of bitter the divorce talks. And Prime Minister David Cameron thread Main Campaign and said he is resigning and a new Prime Minister will be in office by october. I think the country requires fresh leadership to take it in this direction. I will do everything i can as Prime Minister to steady the ship over the coming weeks and months, but i do not think it would be right for me to be the captain that steers this country to its next destination. D another says the he promises there are additional me
I am not sure what monday will bring. Haasadam posen and richard. Lets get you to bloomberg first word news. There is a report that Boris Johnson will launch his bid to succeed cameron. They are gathering names of lawmakers who will block them. Meanwhile, the brexit vote led to widespread turmoil in labour party. The revolt was prompted by decision to fire the party spokesman. Some have criticized him for leading a Week Campaign in the u. K. Referendum. Its outlook to negative for britain. Of brexit, they less growth. Gets show no single party close to the majority in spain. Ausallia, shaabat claimed credit for an attack. Global news 24 hours a day, powered by our 2400 journalists in more than a 150 news bureaus this ishe world. Bloomberg. Tom lets look at the data. Australia later this evening. A huge divide between what is called regular stocks and banking stocks. Onedaystocks had a bear market yield, a higher yield over the last six hours of 21. 46g friday from 1. 49 to 1. 46. Like
Surveillance. This is Francine Lacqua in london. Tom keene is in new york. Tom, i think we have to look at a lot of macro data. The economy in europe is quite slow and that puts extra on the currency. Tom questions on banking in germany. Francine lets get first to the bloomberg first word news. Taylor Hillary Clinton said she is ready to lead and warns that donald trump cannot be trusted in the oval office. Clinton accepted the Party Nomination to be the president ial candidate. She belittled trumps claim that the countrysolve problems. It is wrong to take tax breaks with one hand and give out pink slips with the other. I believe wall street can never, ever be allowed to recommend wreck mainn street again. In japan, the central bank has buying in a bond limited way. But it is not increasing the pace of Government Bond purchases. It will assess the effectiveness of its policy in december. Economy failed to expand in the Second Quarter. The data may have been fueled by a strike of french
Profitability. It all comes down to cost cuts. Hsbc heading annual cost of bout 5 billion. Jonathan he had a bit of a message for the bank of england. Alix and it come downs to the Retail Banking sector. Were going to have a big interview in the next three hours, talking commodities with the new man in charge over at oy tinto rio tinto. You look at overall at the arkets, it seems to be a risk. Jonathan s p 500 futures marginally negative. In europe, its the ftse 100 thats soft but no drama. Hsbc stands sure leading the gains. In the f. X. Market, this is the one to watch as the cable rate against the u. S. Dollar ahead of the bank of england decision. We are positive on the day but we trade at 39. 78. And ahead of pay rolls friday, ahead of the bank of england decision on thursday, yields coming in on 30year treasurys and off 30year gilds as well. Alix time warner increased its full year outlook and a 10 investment in hulu. You can glean it beat on earnings coming in at 1. 29 a share b