This is a Campaign Promise he made, but that Campaign Promise is going to undermine american leadership, its going to undermine our National Security. The world waits for President Trumps decision on the Paris Climate Accords. Details are still being finalized, and the president has been known to change his mind last minute. You know, mustsee tv. Whats going to happen with this. Former fbi director james comey is going to be asked about his comments in meetings with President Trump. Its definitely going to be a hard hit for this community. Police have released video of tiger woods dui arrest that shows tiger woods disoriented and confused. Are you okay . What are we doing . Lebron james Southern California mansion was vandalized with a racial slur. No matter how much money you got, no matter how famous you are, being a blan man in america is very frightening. A Malaysian Airline flight landed shortly after takeoff when a man tried to get inside the cockpit. Two bounties confronted a fu
Business news live from singapore. Foxconn announced a ten Million Dollar investment to build a Manufacturing Plant in the united states. On facebook reports a major bump in profits. Hello and welcome to Asia Business report. I am sharanjit leyl. To Asia Business report. I am shara njit leyl. Taiwanese Electronics Manufacturer foxconn Just Announced plans to build a Flat Panel Screen Plant in the united states. At an elaborate Press Conference in the white house a short while ago, foxconn said it is investing million 10 million. I asked our correspondent how big a deal this is for the us economy. President trump campaigned on the idea of bringing Manufacturing Jobs back to the united states, especially in americas heartland. So certainly from his perspective, and from his bases perspective, this is a really big win. You see this is a really big win. You see this Company Coming in, investing 10 million, that is going to create 3000 jobs, and is just 10 million, that is going to create 3
Europe monster debt issuance and amazon joins in. That is really the elephant in the room for us. Where are they going to be tomorrow . Its a little bit of a leap of faith here. Its a little concerning. From a credit perspective, you have kind of an opaque Business Model here. You dont have a lot of disclosure to the markets. That make it tough for us. Youhis is a dynamic really see across the market. Even after we are into the fed hiking cycle, the borrowing cost for the u. S. Corporate and european corporate are near the lowest that they have ever been. This remains a very good time from a cost perspective for corporate to borrow money. This still is demand for yield. The fed is going through this process of slow Balance Sheet adjustment and policy normalization. Theyre still image store a demand. An extraordinary demand. Their issuing long bonds a very tight spreads. The very Corporate Market overall has expended quite a bit extended quite a bit. They are trading 20 chilean dollars
Of and amazon joins in. That is the elephant in the room for us, what are they going to be tomorrow. It is concerning, but from a credit perspective you have an opaque business model. You dont have a lot of disclosure to the markets and that makes it tough for us. Identity make you see across the market, still after we are well into a fed hiking cycle, the borrowing costs are still near the lowest they have ever been. It remains a good time for corporations to borrow money. There is an ongoing demand for yield. The fed has gone through a process of slowing downward shoot adjustment. Its happening at a glacial pace. All of the companies have taken advantage of huge demand so they are issuing long bond at tight spreads. So, the Corporate Market has extended quite a bit. Central banks around the trillione brought 60 worth of assets. They have to buy something and go somewhere. Joining us, lets talk about the 40 year security that amazon came to market with. The amount of duration is incre
I am tracy alloway. This is Bloomberg Markets middle east. It was a very eventful day for the markets. Lets take a look at what happened in the u. S. And europe. Lots of drama, not just in europe but in not just in markets but in washington, d. C. Markets had initially rallied off the back of news that key trump advisor steve bannon wasnt leaving the white house feud nevertheless, we finish down for the day. The dow jones was the big loser. I guess if you are thinking about economic nationalism, you have to be getting about stocks and the dow jones. Take a look at the europe stoxx 600, still flooding after the terrorist attacks in barcelona. Index isee the dollar down about one third of a percent on friday. That helped knock gold futures down oh so slightly. The big news and commodities has to be the metals rally. Zinc was up. Crude up 3. 3 on friday. Bullsnews for oil finally cured we are about two hours away from the opening of the emirates markets good markets. Lets take a look at h