Welcome to what will be a pretty intense show as we gear up toward that inauguration in about nine days from now. We have a new report from the World Economic forum on global risk. They talk about unemployment as one of the big risks. Inequality and increasing polarization. What they mean is the polarization of politics within various countries. Weve seen it with brexit, with trump, but also polarization in terms of various countries around the world. They talk about environmental risk. Not also talk about Society Keeping pace with technological change. We will speak to the chief author of the report a little as wen in surveillance also geared towards davos, which starts next tuesday. First things first. We will check in on the markets. This is european equities. I would suggest that most of the moves and the most important moves are going on elsewhere. It is currencies, but also the emerging markets. This is a picture we are seeing for the turkish lira, hitting a dataow ahead of the l
It is inauguration day. So early in the morning. Alreadyre is i amendments to it, things in washington that are so different than anything we have seen in our lifetime. And many people would say pretty much within the modern political ear. It will be different today in washington. Nrancine like its bee different for the last six months. A busy show from the u. S. Treasury secretary and the harvard present emeritus, larry summers. Then the riksbank Deputy Governor. Secretaryato general. Lets get to bloomberg first word news. Donald trump has promised to unify america as he prepares to move into the white house. Speaking on the eve of his inauguration in washington, he vowed to carry out his campaign wages to harden the borders and strengthen the military. Mr. Trump it is a movement that started and it is a Movement Like weve never seen anywhere in the world, they say. Theres never been a Movement Like this. And its something very, very special. And were going to unify our country. And o
You are welcome. It is bloomberg daybreak europe. Our flagship show in london. Breaking news in the past 15 minutes, coming from you bf switzerland, a bonus pool reduction. Be cut in the bonus pool. Poolas reduced the bonus to 2. 9 billion swiss francs. The ceo remains the highestpaid executive, earning 13. 7 million swiss francs. Are going to to reflect in agreement in principle. This on the retail mortgagebacked securities. Net income will be restated by some 102 million swiss francs. Those are the headlines in terms of pay and bonus pool over at ubs. When it comes to markets, the bond market, the whites in the eyes. This is the personification of what the market challenges are permitted the blue line are the ratcheting higher bond yields. We have indeed double that. Breaking 2. 6 . For bill gross, that means there is a technical indicator of a fair market set to kick in. Bear market set to kick in. Not since Richard Nixon, Richard Nixon in 1974 have we seen 10 gains best 10 days of
Some people were a little disappointed by centralbank action, but i would argue that that that was more hawkish ends the boj is just trying to surprise us. Vonnie wringing their hands little bit. Nothing to impact the markets, and the new Zealand Central Bank doing nothing as well. Francine it certainly is. Lets get to the first word with nejra cehic. Nejra thanks. A shock today from tokyo. Japans at central bank has held off on expanding monetary stimulus. It has the yen surging and u. S. Stock futures falling. The bank of japan decided to take more time to assess the impact of negative Interest Rate. Policymakers are betting it will lead to more lending. Peace talks in syria have envoyd and as special wants russia and the u. S. To revitalize the ceasefire that is all but collapsed. Envoy ended two weeks of negotiations about setting a date to review. Authorities in france have now charged Salah Abdeslam in connection with the november attacks in paris. He was arrested last month in b
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