We are 30 minutes away from the end of the monday session. There is a lot of green today. Stocks rising. Currencies canning against the dollar. Stocks up for the third consecutive day. A great chart. The pound and u. K. Government bonds appear to be taking opposite sides. Sterling reaching its highest level since the brexit vote. U. K. Ing blue line, the u. S. 10 year yield spread is the white line. Suggest thate does the gilt market is far from skeptical about brexit progress. Africa. Lk about south there is optimism that jacob zuma may be forced to step down. It was decided friday that the 75 gerald president must 75yearold president must leave office. Allow his replacement to take over the presidency. The rand up to a threeyear high against the dollar today. Ubs shares were down earlier falling the biggest amount since unit missede key earnings expectations. Down bylows of the day, about one third of 1 . The worldss 12 manager will repurchase as much as 2. 1 billion of stock in thre
So hell, tell us, was there anything in this memo we werent expecting . For the most part the memo centers around what republicans are calling evidence of andtical bias in the fbi doj against President Trump and in favor of democrats. It is highly disputed and controversial. It is distorted information selectively chosen it mostly involves and centers around the five applications for carter page, if former Trump Campaign advisor with russian ties. The argument that devon nunez, the republican chairman of the House Committee and author of this memo is making is that the steel dossier is controversial and made allegations that ended up being true, such as the over arching allegation of russia tried to meddle in the election in 2016. It also included salacious claims against President Trump that has not been validated and what is being argued is that the use of that still dossier as a basis for five applications to surveilled carter page was improper and abuse of power. That justcounter b
Abigail looking at mixed trading action for the major averages. Week, the major averages having their best Weekly Performance in years. With, a bit of a pause investors looking for direction and consolidation here. The dow down. 6 at session lows. The nasdaq ever so slightly higher. The dow being weighed on by the shares of walmart. Lets look at shares of walmart and home depot. Walmart down 9 . The company put up a disappointing fourthquarter this, theirhind ecommerce efforts with jet. Com not doing so well. They dont know the full effects of the tax overhaul. Overall, a disappointing quarter for walmart. Home depot has been higher, up 2 . They put up a solid quarter. The Earnings Guidance for the full year a bit below the forecast. Looking past the result and the fact that they had forecasts for shares ever so, slightly higher. Shares of righty trading higher on the news that albertsons is buying the company for 24 billion. Teaid tradingrigh higher. This will give private investors a
Performing restorations. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Parenti. Sa this is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Coming up, twitters ceo makes his exit. While the top job at sophia. Ceo plans to put ahead. Ehailing giant s, countries ushering in companies ushering in the next tech breakthrough. Twitter Cielo Anthony Noto has resigned to the ceo position at social finance, or so fi. Hes played a leading role at the company and has his work cut out for him at sofi when he takes over in march. He will fill a Leadership Void after fallout from accusations of sexual harassment. For more on how this all went down, we are joined by Bloomberg News tech reporter selina wang. How did this all play out . How big a loss is this for twitter . Reporter they certainly delivers a blow for twitter, especially at the beginnings of their early turnaround strategy. They a
A policy decision out of the bank of korea staying on hold as expected. Surveyed that we stated that the bank of korea would stay on hold at 1. 5 . Who succeedsas to the governor as this was his last decision as the governor of the bank of korea. There has not been a lot of consensus over who replaces him or if he gets reappointed. Take a look at this chart. This is the conundrum they are facing. We had the rate rise in november. Export growth is also coming in a little bit weaker in terms of that last read that we had. Debt is oneath of the conundrums that bank of korea is facing. Banks, aany central fine balancing act. It is largely down to the fed. Take a look at the market reaction. Lets go over to sophie. Sophie you have text talks global stocks are rallying. Stocks in tokyo are rising. Have all of these stocks rising for a fifth straight day. Morgan stanley cannot a report saying that lithium prices will peak this year and have by 2021. An eye on keeping chinese lithium stocks at