Cold war . Absolutely. Alix and with the fed meeting coming up soon, three top officials share their outlook. We dont want to let this expansion run too hot for too long. Everyone is watching the consumer. The consumer is the primary driver of growth. I think that we are not very far from appropriate rates for the u. S. Economy. Alix that is all straight ahead on bloomberg best. Alix hello, and welcome. Im alix steel. And this is bloomberg best. Your weekly review of the most important Business News, analysis from Bloomberg Television around the world. Last week concluded with the g7 summit in sicily. This week began with clear evidence of strain in the g7 alliance. German chancellor Angela Merkel has given her strongest indication yet europe and the United States are drifting apart. Speaking at a munich Campaign Rally at the g7 summit, she said reliable relations forged at the end of world war ii are coming to an end. [applause] Angela Merkel there are times in which we can count on t
Cold war . Absolutely. Alix and with the fed meeting coming up soon, three top officials share their outlook. We dont want to let this expansion run too hot for too long. Everyone is watching the consumer. The consumer is the primary driver of growth. I think that we are not very far from appropriate rates for the u. S. Economy. Alix that is all straight ahead on bloomberg best. Alix hello, and welcome. Im alix steel. And this is bloomberg best. Your weekly review of the most important Business News, analysis from Bloomberg Television around the world. Last week concluded with the g7 summit in sicily. This week began with clear evidence of strain in the g7 alliance. German chancellor Angela Merkel has given her strongest indication yet europe and the United States are drifting apart. Speaking at a munich Campaign Rally at the g7 summit, she said reliable relations forged at the end of world war ii are coming to an end. [applause] Angela Merkel there are times in which we can count on t
A very warm welcome, everybody to the daily. Our flagship morning show. Im anna edwards. Im manus cranny. The disbandment of the Advisory Boards by trump and the fed minutes. Look at this. This is a band width of trading on the bond mash. It has been 29 the nair owest in almost narrowest in 27 years. April to may 20. What does it take to knock a ond trader into dislocation . The probability of a rate hike is dropping away. Is that enough . Is the trump political debacle enough to stir the moment . Not at the moment. When we see what happened in the last three months. The drama at the white house, we have the fed and questions around where that question goes. Geopolitical concerns over north korea. There are so many questions and yet we remain range bound. The stock market a quick recovery from last weeks selloff as well. We have a little bit of reaction that we are seeing to those fed minutes. E see the dollar index weak. In general decreasing the chances of a rate increase this year a
And or snow. Thats what is headed our way. So it is a four out of ten in your weather by the numbers, because of the mess were expecting this morning. Whatever you get it will be sloppy out there. And you see from radar that it is starting to edge in. Looks like a little pink on the radar in New Castle County, delaware, which indicates the possibility of some freezing rain, it looks a little like flurries, in chester and lancaster counties, as well. Winter weather advisory for two4 inches every accumulation in carbon, monroe counties, where they welcome it for the ski resort, anyway. But these are the cold temperatures we have out there right now. Only degree above freezing in lancaster, and here in philadelphia, in the twos to the north of us, only 31 degrees in millville. And 30 in atlantic city. So initially you will get some snow probably, but quickly changing over to rain, just during the inbetween period that it could be very slippery. 33 degrees in philadelphia, with windchill o
Down 1 10 of 1 on the s p 500. The euro is firmer. 250 on thestable at 10 year. Alix 100 Day Moving Average is down by 1 1 10 of 1 . Oil continuing its down slide, now off by only 1 , nine days out of the last 11. What a losing streak . Deutsche bank will issue a near 700 million new shares in an effort to raise 800 billion euros in capital. They will boost revenue after spending almost two years navigating legal protein cutting back risks. With us now is michael moore, finance reporter. Walk us through what we have. Weve got the pricing on the capital raise. It was in line with what most people were expecting, a 45 discount. Deutsche put out their annual report. Most of it is backwards looking into 2016 but they did have a 2017 outlook in the key take away their was the revenue being broadly flat. It is a negative given how bullish they were on the start of the year in trading. Jon it is an 8 billion euros share sale. But it has been offered at a deep discount of 35 . Banks typically