Giant announces an updated product line. Welcome to bloomberg daybreak europe. Good to be back ahead of the most important ecb meeting of the year. Trade ineing a risk on asia, green on the screen for the msci asianpacific index. We have a tweet from the global times talking about china putting measures to mitigate the trade war giving lift to risk assets. We see Sweet Nothings on the s p on a headline level. What has been going on beneath the surface for sector and factor rotation moving from more growth to value. Looking flatres, so another day of perhaps not much to do on the headline level. The big moves have been in bond yields. Jumps into year and 10year. Hitting its highest since august 5, down a touch today but sitting on 1. 66 handle. Great to see you and great to be back. Manus yes, indeed. Yields just off the onemonth high. We will talk about what james gorman had to say. To show the oil market because what has gone on is john out. N, this was the biggest pricing dislocation
On the way to an ipo. Investors did not like it. Saudi arabia puts the prince in charge of the kingdoms oil ministry. He has a strong personality when it comes to the market. James gorman speaks frankly about the fed. I suspect they will do one or two more, but then it is time for a pause. Eminent Asset Managers apply unconventional wisdom to a changing financial environment. Ingressive and grade Investment Grade Corporate Bonds are an asset class that provide more risk than return. Bonds are not a safe place to be. You have 17 trillion treasuries trading negative returns, which is crazy. Nejra it is all ahead on bloomberg best. Hello and welcome. This is bloomberg best. Your weekly review of the most important business views, analysis, and interviews from bloomberg television. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels monday as the pm stuck to his do or die brexit plan and parliament came toget
Of recession before the next election the french finance minister doubles down on his proposition for Facebooks Libra there are conditions, we should refuse the development of libra. What im saying behind that is the security of customers, the stability of finance within the eu good morning happy friday it is officially the day after the big bazooka out of the ecb let me take you to the market price action in the Banking Sector in equity space, most of what you see is actually more positive the dax in germany is up cac is up, italian index is up. 4. Well discuss these at length in the program. At one point, we did see the bank index dip as much as 2 overall, the appetite for risk taking has come back this morning after a positive hand over from asian indices wall street there. 6,. 7 there away from regard highs he c equities in the u. S. Continue to gain. Talking about the banks today performing well. Up by 1. 3 basic resources as well. Autos and sectors that are sensitive to the expor
President trump. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee at the table. Joe t lets begin with stocks. Under pressure as you know new tariffs in place you had that weak reading on manufacturing, investors are on edge you have the worst month for stocks historically. You have to deal with new tariffs, the economy, risks are starting to stack up against the stock market yeah. This is not a great team as you mentioned, but if were dealing with trade its painful every day. The bigger question is are we headed for recession or just headed for Slower Growth i think we are just headed for Slower Growth. Something like 2 , maybe a bit less gdp growth. Yes, jobs have been strong wages good, consumption on friday, youre running at almost a 3 annualized growth rate on top of last quarter that was 4. 7 consumption growth. The consumer is still okay and its the bulk of the growth of the
Want a role in the new government but tells me rome is open for business. I can have vote of confidence i can support. I can block salvini and give a message to international investor, please invest in italy. Europes real estate index hits the highest level in a month fuelled by German Property stocks following a report that a plan could be less strict than previously expected. And Boris Johnson vows to step up the tempo on brexit talks as he braces for a show down in Parliament Next Week with opposition leaders ready to ignite attempts to block a no deal well, a very warm welcome to street signs happy friday to you. Markets ending the week on a positive note as far as we can tell extending games this morning the stoxx 600 up about 0. 6 . This followed a solid day where the benchmark ended 1 higher. We saw strong gains in most regions. In particular strength in the ftse mib closing up nearly 2 yesterday. A lot of movement on the political front and resolution coming with the new coalit