President trump is expected to sign the bill into law. Jay powell saw elevated threats including Global Growth and trade. Sophie macro uncertainty over trade in hong kong certainly looming large, given what we stocks. N so far in ozzie shares opening to the. 1 after being tracked lower wednesday. Aussie bonds are climbing for a Third Session tracking the rally we saw in treasuries overnight, to flatten. Ontinued the move to the downside while treasury futures a fourthing a bid for straight session. All itsstronger against peers. Checking in on what is going on im actually looking at the terminal right here because i wanted to show you it is testing the 100day moving average, some that level. We are hearing google is changing its political add policy, limiting audience targeting. We know twitter has been political ads on its platform. We know facebook has not, but we google will no longer allow political advertisers to target voters because of political affiliation. The company said it
Smartphone and office rewards for every visit to the gym. This is the dog your business im going to Office Welcome from today the European Central bank has a new boss Christine Legarde no stranger to International Finance the former head of the International Monetary fund now at the helm of one of the worlds most important Central Banks finds herself in a difficult situation many expect she will continue mario drugs cause of high liquidity and super low Interest Rates but that wont make everyone happy. The new head of the European Central bank hasnt given too much away about how she intends to proceed in her new job but she has given some indication of what she thinks the Institution Needs to do the zeevi needs to listen to understand markets need not be guided by market but it certainly needs to listen and understand but it also needs to listen and understand people because a currency is after all a public good that belongs to the people we can go it is widely expected to maintain the
Past couple of months. Joe very impressive. Good into this weekend. Lets dive deeper with our market reporter. Get us started. I am looking at this giant rally in biotech stocks. Etf jumping,otech the secondbiggest gain among etfs bigger than five dollars in assets. It was led by a Chinese Company after thed 37 company was said to take 37 . Also rallying about 2 . Aminogen jumping 28 after aminogen jumping 28 after boosting its revenue forecast for the full year. Biotech is one of those sectors that is not broken out to new record territory. 10 ibp etf still down about from last year and 70 from its high in 2015. It is an interesting sector to keep an eye on if and when the speculative Growth Stocks become darlings of the market. Luke i am looking at one of the last few things that bears are hanging their hats on. The failure to really confirm the recent highs in stocks. If you look at highyield spreads, investmentgrade spreads, even yields back to energy, we are not making new tape ev
Than expected. An exclusive interview with the fed president giving hints of rate cuts to come. Id like to do more but i dont want to prejudge the meeting. We get perspective at the imf annual meeting. The Global Economy is in a gradual, synchronized slowdown. Uncertainty is having a major effect. It is all straight ahead on bloomberg best. Rosalind hello and welcome. Im rosalind chin. This is bloomberg best. Your weekly review of interviews and analysis from bloomberg television. Lets begin with top headlines. The week began with President Donald Trump touting phase one of a substantial trade deal with china, an agreement that could be signed within weeks and settle a dispute between the two nations. But it became clear monday beijing saw things differently. China wants more talks before signing the trade deal. Secretary Steven Mnuchin says more talks and negotiations are on the calendar. The plan is deputy level calls this week, principal level calls next week, ambassador lighthizer
Negotiator says talks have gone well and they are on course for a partial deal. The 20th weekend of protests in hong kong, targeting chinese owned his misses. Chinese owned businesses. Imfleen coming up, the reading in washington including conversations with John Freudenberg and others. U. S. Stocksow ended, look at the big picture, ongoing trade war worries. Lower across the board. One big name which was responsible was netflix, closing down across 6 . Forecasters of cyber growth falling short. It hit the nasdaq 0. 8 lower. Johnson johnson recalled baby powder that came up with traces of asbestos. Boeing, questions by the faa about what they knew before the max was reported. 4 . Dow is down, s p down there was good news. Jpmorgan numbers better than forecasted. Cocacola was very solid. For the week and the second week, the stocks closed higher on average. Positivity out of the negativity. What are you looking at . Sophie asian stocks going for a mixed start after a weekend of imf meet