Seeking 1 billion to get out of its iron ore joint venture in brazil. Betty a billion dollar headache for bhp, a 7 billion windfall for jpmorganwells fargo, that really propelled the market higher on friday. Along with that inflation data. In record territory in the u. S. , what a month it has been. Lets quickly pull up the boards to see how much we gain, the s p closing at a record, the dow adding over 200 points, the nasdaq also higher. I get the feeling a lot of this will be as the markets are so high, a lot of it will depend on the news we get this week, including earnings, the higher the markets go, the more vulnerable it might be to pullbacks. And many of us have wouldhe first of 2018, we see a pullback, it has been dead wrong so far. Saying thech, biggest on record. Find the bears are throwing in the towel. Looking to see some gains with the u. S. Markets closed for the holiday monday. This is how we are faring in new zealand, about 1 5 of 1 . 72. 47 for the qb right now. Thedol
Political perspective. Juliette and a new bloomberg report shines on Clean Energy Investment. China is far and away the world leader in terms of the most amount of capital being deployed and the most of the equipment. By 2040, about 53 of new car sales globally will be electric. Juliette buckle up, for conversations from the north American International auto show. It is a milestone for our future plans, but there is more to come. Our growth is coming from a degree of buoyancy from the markets but this is market share growth. They can have the option of delegating tasks to that vehicle that their grandfather never expected, including never crashing. Juliette it is all ahead on bloomberg best. Juliette hello and welcome. I am juliette saly. This is bloomberg best, your weekly review of the most important business, news, analysis, and interviews from Bloomberg Television around the world. U. S. Markets were closed on monday but the week began with a startling corporate headline from the u
Asiapacific, we dont walls really and the rally on the street of dreams helping things along. I thought it was las vegas but a recap of wall street, the u. S. Markets closed today. Asia shipping shaping up well. We do have inflation data out of australia, a clear drop from november. The reason why you are seeing yields, very low. Japan has factory output an initial gauges aluminum stockpiles reaching a record. You look at the inventory. Up nine or 10 9 or 10 yearbyyear. Three stocks i want to mention, sharp. They lost stock price, taking us back to 2012. Full year, not good, they are expected to miss the forecast. Both of these stocks were raised. Bmv saying about komatsu a good time before their thirdquarter results. Which is the 28th of january. I want to wrap up what is happening in australia, you have a rally of 1. 2 . Macquarie with earnings up for financials as a whole. The week aussie dollar helping things weak aussie helping things. 10 or 20 10 or 20 improvement in profit. Goal
Had planned a share sale. The business had been booming prior to todays fall. What happened today, the Securities Regulator suspending three of these top brokerages from adding margin on it and securities lending. So basically, they cannot borrow money to buy into what had been a huge rally. A lot of people have been borrowing on margin. Basically suspended from doing that three months. Another nine brokerages punished for various reasons as well. There is speculation as to why they did this. Did they want to cool down the rally . Or are they just trying to make sure theyre playing by the rules . The Securities Regulator in this statement right eight, when they announced punitive measures basically said that the firms let customers delay re repaying refinancing longer than they were supposed to. So we have a margin call on these companies to make a margin call, in effect. And these are companies that have been having problems before this rally as well. They had been more bullish as of
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