This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly
Faulty takata airbags. They missed estimates by 34 . Alibaba is kicked off an anticounterfeiting group, amid questions of the platforms and worries about a conflict of interest. Alibaba says it must be part of the global fight against fake. To let us know what you think of top stories, you can follow me on twitter at yvonnemantv and do not forget to include the hashtag trendingbusiness. Singapore and malaysia have just come on a line online. How are they digesting this data . Juliette yes, we were pointing to a next session. That is certainly what we are seeing with the ppi numbers coming through the japan, the yen is weakening so japanese stocks are higher and australia due to the fact that we see Good Movement in base metals on friday. Elsewhere, there is data coming through across the board, singapore and malaysia coming down online, all down between. 1 and 0. 2 . The chinese Economic Data coming through on friday, affecting across the board. Markets up without an interesting note s
London. And francine lacqua. Heres a picture from the boards i am francine lacqua. His a picture from the boards. There you go, 130. We were touching below 130 just about a half hour ago. Crude oil at 42. The european stocks practically unchanged. Just a little bit higher. Because it is august and we are not seeing much volatility i want to say that u. S. Volatility index down. Lets get to the bloomberg first word news with near change it nejra donald trump has laid out his plans for growth in the u. S. Borrowing from traditional republican ideas by proposing tax cuts and looser regulations. He told the Detroit Economic Club that he wants to simple five excessive business regulations and lift restrictions on the Energy Sector. He also says he wants lower corporate taxes and the biggest overhaul to the income tax cote since ronald reagan. Cooks you cannot ever start a Small Business under the tremendous Regulatory Burden that you have today in our country. Going to end it. I am going to
Something under investigation this morning. Armed suspect shot and killed after getting pulled over for a traffic violation. Eyewitness News Reporter jan carabeo is on the scene in frankford, frandford avenue, with more details. Jan . Reporter ukee, erika, frandford avenue has reopened, near unruh avenue, this morning, but you can see, a large Police Investigation still here, investigators are awaiting a tow truck, to take away that vehicle, that is the center of this whole thing, that white car, right there, across the street, thats where all of the activity surrounded this morning. Now, what we know is that this all started as a traffic stop. Weigh we dont know is why this escalated a shooting, now, police tell us, the victim is 26 year old man from northeast philadelphia, with a criminal record, that the two officers involved have been on the force less than a year, both rookie cops. Now here on scene, see the police have been taking a look at that car, that white car, all morning l
From this scene. And, you can see, frandford avenue, near unruh avenue here in mayfair is now completely reopened. But if you take a look at the video, you can see what it looked like earlier this morning, all of the activity surrounded that white car, what we know is that this all started as a traffic stop. What we dont know why this escalate intoed a shooting. And a deadly shooting at that. Now, police tell us the victim is 26 year old plan from northeast philadelphia, with a criminal record, the two officers involved have been on the force for less than a year, both rookie cops. Now on scene, police have been taking close look at the white car, in the neighboring businesses all morning long, again, that is the suspects car. This scene, at the corner again of frankford avenue and unruh avenue in mayfair, police have been processing the scene all morning, they are still trying to piece together exactly what happened leading up to the shooting, but for some reason, police say, one of t