We need more room for experimentation. We need to make sure we have a strong lineup in our Motion Picture releases. Abigail it is all straight ahead on bloomberg best. Abigail hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began with a strategic signal from u. K. Prime minister theresa may, who promised to inject new blood into her cabinet at the start of a critical year for her government. Reboot got underway monday. New year, new cabinet. Yes, after losing three ministers last year, Prime Minister theresa may kicking off 2018 with a Cabinet Reshuffle. The main thrust is about bringing in new blood, more diverse, more dynamic, more youthful slate of new mps. This is all part of theresa may trying to grab turf in the party from jeremy corbyn, saying we can do diversity, reach out to the youth, recapture some of those votes. Theresa mays C
At least not as strong as we thought in 2017. Abigail plus, conversations with heavy hitters in health care and technology. We need more room for experimentation. We need to make sure we have a strong lineup in our Motion Picture releases. Abigail it is all straight ahead on bloomberg best. Abigail hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began with a strategic signal from u. K. Prime minister theresa may, who promised to inject new blood into her cabinet at the start of a critical year for her government. The reboot went underway monday. New year, new cabinet. Yes, after losing three ministers last year, Prime Minister theresa may kicking off 2018 with a Cabinet Reshuffle. The main thrust is about bringing in new blood, more diverse, more dynamic, more youthful slate of new mps. This is all part of theresa may trying to grab turf i
You have had two triple digit down days. I am curious to see if we are going to see twitter trump or teleprompter trump. David all of the reporting down here is going to be teleprompter. By words are being written Stephan Miller who tend to be a little bit of a hothead. Inx heres what we stack up the markets. The s p coming off its worst selloff since august and continuing today s p futures down by another 12 points. It is now a story of broader dollar weakness. Strong gdp out of europe. Yields taking a break pretty much unchanged. There was some buying in the market. Hit downtinuing to get 5. 8 . I want to highlight some movers as well. A lot of action happening in the market. Metlife hasnt set aside enough money to pay annuity holders. Stock continuing to get hit premarket. There is going to be a buyout for this company. That is no longer true. That stock getting hammered. That stock now unchanged. Take. Time for first those equityry is markets fairly shaken by the selloff in bonds.
It is a broadly weaker dollar story but it is by stocks, sell bonds. Yields move higher by two basis points. Crude up by 1 despite the fact that opec again upgrades its not opec supply forecast for 2018. Checking in your safety traits, you get a feel for the market is. Dollar lower. That is one of the changes. You wind up having a selloff over europe. The vix a little study. David it is time for the morning brief. At 8 00, the white house is going to be releasing an intersection plan. At 11 30, the administration will post its budget blueprint online. 240 billion for sixmonth bill. First of all, markets, are they stabilizing . The inflation fears. Are they justified . We are going to get a hint when we get the cpi numbers. Its a straight spike. Interest rate spike. A warning on the Interest Rates. Abramovitz, just a look at positioning in the market. Come inside the bloomberg. S p net positions. You are looking at the vix. You can see the stock reversal. We start with a record high and
Current is performing well are a risk on currencies, dollaryen lower by 4 10 of a percent and the question is why . We will tackle that. And yields in the u. S. On the tenterhooks, pretty much going nowhere. 50 a barrel for crude oil. David and it is the big one, we will get the cpi numbers and they will give us a read on inflation. And then retail sales figures for january. 11 30 a. M. President trump meeting with members from both sides of the isle to talk about the infrastructure plan. Alix and a first take on the top three stories of the morning. Yen making a move in banks trading on volatility. And cpi. David i want to take a look at the cpi story. I want to pull up this chart that shows where we are. It is 8692, there we go. It is up. Gina, we have a projection on core and headline cpi, how the markets prepared for the said this point, because they are really on tenterhooks . Strategist a rate tell me yesterday that it was feeling like barrel friday in the middle the month. Frida