Last time i checked they are still doing so. I think what has caused people to stop and take note is the speed and the vehemence with which it has flattened recently. You still have lots of Central Bank Liquidity around the world, even if the u. S. Is pulling back. The bank of japan expanding their program. Ecb is very involved. You are not seeing Global Central Bank purchasing winding down. You can easily say that between 50 and 0 is the flashing sign. Things are starting to get a lot more challenging. Above 50, you can always kind of explain it away. If equities are doing well, credit spreads are doing well, the economy in general in the u. S. And globally is doing well, i think there will be some willingness to look past the flatness of the curve. Jonathan joining me in new york city to discuss is Bloomberg News and bloomberg radios Lisa Abramowicz. Coming to us from atlanta is rob waldner, chief strategist and head of multisector at investco fixed income. And joining us, alan higgi
Welcome to bloomberg daybreak europe, our flagship morning show. Im anna edwards. We have great guests coming up, in particular from the frankfurt morning show. Bmw special representative joins us in about 15 minutes time for the first conversation of the day. That is followed by Stephen Armstrong at 6 30 u. K. Time. We will get into those conversations about electric cars, about diesel, about the future. Lets get to the markets, though. We need to tell you what has been happening over the last 24 hours. The United States picked up at risk on atmosphere we saw in the Asian Session and the european session yesterday. The snp, closing at another new record high. In fact, we have the snp here, charting its course through 2017, and pushing up against that green line, which marks where wall street strategists think the snp will get to. It was financials, technology stocks, insurers, all of those companies, quite a broadbased rally, bouncing after the receiving threat of Hurricane Irma. Inve
We will take you to the frankfurt auto show. And anticipating apple. The worlds most valuable company is set to unveil look at be his most important Product Launch in years, the iphone x. But will the price point be too high . We will discuss it. Lets take you first of all to the frankfurt motor show. Matt miller, what are we going to be taking away . What will be the big theme . Does it involve batteries . Matt i think for the first time in years, we are seeing a major change, a major, multibilliondollar change from all the automakers globally. Volkswagen is talking about losing capex to create more electric cars, putting out orders for 50 billion worth of gear. We are hearing about cost cuts at mercedes that are going to be about 5 billion. Huge shift as this industry moves from diesel powertrains to electric powertrains, and that is all we are hearing from almost everyone we speak to. I have already spoken to a number of ceos, we will hear later from the ceo is lamborghini a bit of
Theresa may makes a visit to brussels today to personally intervene in negotiations. Anna a very warm welcome to bloomberg daybreak europe. It just is going up. We gotten a bit frisky. Welcome back. Anna and is willing to do with me. It is the worlds biggest cryptocurrency. We crashed it through a thousand bucks in 2013. 56 day from two to three. Six days from 3000 to 4000. The only thing that impeded bitcoin was the possibility that the chinese might crackdown on cryptocurrencies in september. Good they go for it again . I love jv dimon. He said he would never talk about again. Anna how long did that last. They will pay the price according to the near post. Understated. If Goldman Sachs can be undecided, so can i. People were skeptical with paper money replaced gold. Heres earlier on the asian equity session. Asian markets taking a leave from the inflation talk to the United States. Sevenghest since 2000 and 2007. Just how structural is the inflation environment and United States . Ye
So presumably theres a guarantee these initial customers will actually get their hands on the device. The iphone x is important, because its about protecting margins at the Company Margins dipped below 38 guidance now is for margins to recover to 38 to 38. 5 , which means that the cost of the device is okay for customers and theres a real enthusiasm for the iphone x which is more expensive than the latest upgrade to the iphone 8. Sales of the device will be closely watched. There have been declining expectations on the back of some initial reports about what the x looked like and also production to where street forecasts dipped 2 2. 8 billion from when the iphone event was first launched to where we are today. So the market was guiding lower on what it was expecting from the new device when you talk about the device, why is it important . Hardware is about 90 of sales at apple as opposed to Services Revenue. Lets show you what were seeing on the boards in europe. It will come down to t