Stolen by greed and arrogance. Growing concern about containing shortterm rates for Balance Sheets. We hear exclusively from bill dudley. Kathleen later in Bloomberg Technology global link, a new report says juul is the target of a criminal investigation. Another major setback for the ecigarette giant. Now a quick reminder on how u. S. Stocks ended on this monday. You can see nearly mixed. We have to say flat but it was a bit of a recovery after fridays a slump. Volume about 28 below average. 0. 06 . At any rate, people are watching markets. People are watching the economy and the purchasing Managers Index is, from the market group. They were pretty good for the u. S. They held it above 50 for manufacturing and services. Not so for european look at what happened to the euro after the week numbers from germany. We were looking at the Bloomberg Euro index. On the far side, quite a draw at the end but if you take a look the more, you are seeing index is at its weakest level since 2017. Ge
He could become the fourth president in history to face impeachment proceedings. Fliesaker Boris Johnson into a political crisis after the Supreme Court in the u. K. Rules his suspension of parliament unlawful. And oneway traffic. China prepares to buy more u. S. Pork as President Trump uses his u. N. Address to slam beijings trade practices. Christine lagarde calls it the biggest threat to Global Growth. It is mediocre growth. Ofis at risk because essentially one major threat, which is the trade war that we see. Now, of all the things vying for investors attention, Political Risk is pushing its way to the front. Donald trump is to face a formal impeachment inquiry. Speaker pelosi says the u. S. President has violated his oath of office and obligations under the constitution. Trump called it witchhunt garbage. Boris johnson has restated his vow to complete brexit next month. He said he profoundly disagrees with the u. K. Supreme court, but wilson comply with its ruling. Joining us now
An antitrust probe overload. The u. S. Justice department launches its own facebook probe. This, as the social network is already the focus of a federal trade commission investigation. But first to our top story, pellet gun falling as much as 9. 5 after raising more than 1 billion in its u. S. Initial public offering. It is the latest unprofitable startup to struggle in its trading debut, but the ceo john foley remains upbeat about pelotons future. s jason with Bloomberg Kelly at the nasdaq. John we are playing the long game. We see this as building millions and millions of subscribers around the globe in the coming years. Now we have the money to do that. We are fully funded after todays primary, so we are feeling confident. Jason when you think about the last couple of days and weeks, you mentioned the market. It is a tricky ipo market, to say the least. Do you have a sense of where the miscalculation was . Or if there was one . My eights is fundraiser for appellate on. It is a funny
Treasuries are up in the pound is strengthening. Eurodollar, you can see 1. 10 52. As the focus shifts to Central Banks, a lot is coming up with news this week. We also have to look at renminbi. At seven. 08 7. 08. Some breaking news, a new chief executive at the royal bank of scotland. Alison rose will start at the position from november 1. And makes her the first woman to become one of the big for the over to hong kong, thats where Amnesty International is alleging the police beat be prodemocracy protesters. They also accuse the police of committing acts that amount to torture they would not comment, but say they respect the rights of people in custody. This weekend, demonstrations are expected to continue. And allout war in the case of iran in the country, thats according to the foreign minister speaking to cnn. She denies irans involvement and says he hopes to avoid a conflict and adds iran is serious about defending itself. Benjamin netanyahus days as Prime Minister may be numbere
His personal lawyer, Rudy Giuliani, and the u. S. Attorney general william barr, to look into his little look into his political rival joe biden. This is according to the rough transcript, not the exact transcript, and it has just been released. Lets get to chief washington correspondent Kevin Cirilli for more details. It looks like it is a rough transcript, and not all of the details. Kevin precisely. Right now we are just getting a link to the transcript of President Trumps call with the ukrainian president. Lets go through some of those headlines crossing the bloomberg terminal now. The transcript shows trump pushing him to reopen the biden probe, and President Trump at one point asking his ukrainian counterpart to look into joe bidens son. President trump also reminding zelensky that the u. S. Sends aid to ukraine, and that this is not a verbatim, but this was based off of notes and recollections of officials. A statement now coming from White House Press secretary Stephanie Grisha