The United States has basically shot itself in the foot. Conversations about the Global Economy from the g7 finance meeting. I think we need to be thinking about what happens, if there is more than a showdown. You need a country that had fiscal space to simulate stimulate their economies. Welcome im abigail doolittle. Your weekly review of the most important Business News, analysis and interviews from , Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday, investors divested a slew of Economic Data from china. Chinas economy is continuing to slow with sluggish domestic output and trade tensions pulling growth down to the weakest pace since early 1990s. Gdp grew 6. 2 , matching estimates, but below the 6. 4 theme in the previous quarters. How bad is it . It is slowing on a quarterly basis. The take away from today is the activity numbers for june. We saw a pickup on the retail side of things, industrial output all headed in the right d
Is worlds 50th richest man among those detained. Betty while we are watching all of these geopolitical events, including more headlines coming out on north korea, lets focus back on the markets how investors are looking at how all these events playing into their own outlook on the u. S. And the world. I want to bring up this chart, 5080. It shows you how the threeyear and tenure spread, or the five and 30 and two and 10, i should ,ay, trying to find out represented right at the end. You can look at it several ways, or maybe specifically two ways,hich is the bill gross way which is the economy is much gloomier than perhaps with the numbers are showing some and there is not much more room to raise rates in the u. S. Despite officials say. On the other hand, others say this is not about the u. S. , the u. S. Is doing just fine, it is about the rest of the world, which is falling apart, they are all coming here to buy the safety of u. S. Treasuries, can get those yields up, they are basica
With a Trump Presidency looming and oil marching higher, what are the risks . For next year . 24 hours in trump land, the tweets, the torpedoes and what is in store for business. All of that. Matt miller, what are you doing in copenhagen . Matt i am here to interview the ceo of the company taking part after al consolidation cratering of shipping fees, now hoping to get Pricing Power and start to get some upward momentum. At the same time, Donald Trumps trade policy threatens to torpedo that momentum. Ceo of hear what the Moeller Maersk has to say. Guy looking forward to that. Matt will give us his take on the markets this morning in copenhagen. Lets talk about where the markets are right now. This is the gmm. Yesterday, europe a little softer. Equities in europe a little softer. Am what isp an i happening. My sense is the markets are waiting and watching to see exactly what the fed delivers later on. A lot of news out of italy. The moment, on my wfi telling me nothing big at the getgo.
Sight for russias market downfall. It is bottoming out a bit. Anna a very warm welcome to bloomberg daybreak europe. Our flagship morning show from london. Let us talk about the dollar. We talked about it a lot this week, certainly yesterday in the aftermath of the Federal Reserve Interest Rate hike. We are once again talking about the dollar. Go long or go home is the title of this fantastic chart i have for you here. Circle, november, marks the victory of donald trump. What we have on the white line is net dollar long. Their highest level since january. Are we done with the dollar rally . Perhaps not. A 10 year high against the yen. Let us put up the risk radar to show you where we are compared to other currencies and Asset Classes. The euro is a focus. Some big moves in the euro this week. 104. 37. The euro hit 103. 67 in yesterdays session. For the dollar against the euro since 2003. Asiapacific, up by 0. 3 . Brutal in the wake of the hawkish fed about 2017. When of conversation ab
The u. S. Trading day. Julie hyman has been tracking the moves. We touched a record high for the nasdaq today you are now lower. The nasdaq down about three points at the moment. You have seen of seen a move of less than 1 . Market cut its forecast driving down some of the other grocers. Some notable movers, Western Digital. Raised its forecast. Says its product mix is it improving after its acquisition of sandisk. Making news with a blockbuster discovery in the texas shale formation that holds an of to supply every refinery on the u. S. Gulf coast are a year. The company is reallocating resources to get that oil out of the ground. Another one of those up movers. Today we are looking at chipotle. Pershing Square Capital is taking a 9. 9 stake saying they are going to push for changes. Unclear what those changes will be. Some folks are skeptical about his chances of success. Tracks not have a great record when it comes to Consumer Companies in particular. T. Will see how it turns out ma