As how we trade. The dollar, flatter on the day. Less than 82 basis points. This is what the banks will hate. The vix under 10. A tough quarter for them. The morningfor brief. We are going to get weekly u. S. U. S. Priceims and index data. Trump is set to sign an order he says will promote Health Care Choice and competition. At 1 00, the u. S. Treasury will auction 12 billion in 30 year bonds. Emma little progress has been made in talks with the uks with the u. K. Much is deadlock over how the u. K. Will pay for the right to leave. Davis is urging leaders to take a step forward and move talks to trade. The death toll is rising from the wildfires devastating california. At least 23 people are dead. 180 are injured. Hundreds are reported missing. The fire has destroyed at least 3500 homes and businesses. Get congress to repeal obamacare, so he is going after it himself. He will sign an executive order that the white house says will promote competition. It will likely allow people to band
At 1. 9s coming in billion. Investment banking revenue at 1. 3 8 billion. We will discuss later in the hour. Well get Goldman Sachs. David time for the morning brief. We will give you you as production data. The greek Prime Minister will be visiting the white house today. There will be a joint News Conference at 1 30 this afternoon. At 3 00 we will get an idea of how the fourth round of nafta investigations have gone on. President trump will deliver a major policy speech on tax reform tonight in washington. Thats coming up at 7 30 this evening eastern time. In the u. K. Data came out showing the highest inflation right in more than five years in september. Increasing the odds for boe policymakers to raise rates for the first time in a decade. Earlier this morning mark carney reiterated the bank expects inflation to peak above 3 around october. After the data came out the pound raced in advance. Hsbcrevised forecast expects the pound to reach 135 of from the initial call of 120. Now we
And more. The nasdaq rally rolls on buoyed by apple which reports tonight and united ceo set to testify on capitol hill this morning. What is at stake for the carrier and the industry . First up the president s comments about considering breaking up the big banks, created a lot of buzz yesterday on wall street. Jim, the point was made he doesnt often talk about the big banks, talks a lot about community lending, but that did give the markets a bit of a scare. Was it deserved . I think that the president when hes in front of particular audiences likes to say the things that the audiences want to hear. This audience does not like the big banks, feel like what happened during the Great Recession was far too much concentration in the hands of wells fargo in the hands of jpmorgan and bank of america, but remember, those were really at the behest of the government. They were trying to make sure that everybody was able to have a bank that worked and we didnt have a collapse. So to undo it whi
Yields up by about three basis points, the vix little bit softer. Jpmorgan says you want to buy hedges against the pickup,. 5 jonathan . Jonathan Jonathan Garland im going to borrow. Whether you think the year has passed quickly or not depends whether you are a sterling fx trader. Its on one year since that vote. The british people have made a very clear decision to take a different path, and as such, i think the country requires fresh leadership to take it in this direction. Inevitably, there will be a period of uncertainty and adjustment following this results, but as the Prime Ministers of this morning, there will be no initial change in the way our people can travel and the way our goods can move or the way our services can be sold. We need a negotiation to start as soon as humanly possible and we need to start thinking globally about our future. The other thing i think the it is tohappen is become a National Bank holiday and we will call it independence day. How many im not sure o
Prince alwaleed i think he will have a focused strategy, a focused plan, a focused policy. David it is all straight ahead on bloomberg best. Hello and welcome. I am david gura. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Most Global Equity markets ended the week on a tear, which started last week, shortly after the election of donald trump. For global bond markets, the week began on a different note. David the global bond route deepened after a record 1. 2 trillion was wiped out of the market last week. 30year yields topped 30 for topped 3 for the First Time Since january. Jon i wonder how long yields can keep spiking without the risk rally taking a big hit. Matt there will be plenty of buyers for a higher yield. There is still a thirst for the yield in the market, and at some point, value in a treasury market will be there. I do not think we are that far away. I do not think inflat