Yesterdays vote to reject the u. S. Recognition of jerusalem as the israeli capital. Press reports that israel will leave unesco at the end of 2018. The u. S. Said it will drop the agency at that time. The worst appears to be over for a Massive Wildfire that plagued a wide section of the california coast for more than two weeks. Evacuationndatory orders have been called off. The fire drove 100,000 people from their homes in ventura county. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am jessica summers. This is bloomberg. Julie i am in for julia chatterley. Scarlet fu. M plunges taking the spotlight. Whatd youion is miss . Bitcoin plunges as much as 30 today. Christmas coming a few day earlier earlier for lawmakers. They will come back to a messy agenda. Rhee will tell us how he tabbed into the company ideals to bring them back from the brink of bankruptcy. Julie the u. S. Has a new federal tax code and it changes the Econ
Home builder shares slide as Taylor Wimpey expects 2017 results to be in line with expectations some of the worlds biggest Bond Investors sound the alarm bill gross and Jeffrey Gundlach say levels on u. S. Treasury yields indicate the start of a bear market. And emmbeijing will order 14 airbus aircraft. Good morning were about an hour into the trading session. The handover from asia was mixed. Most of the indices traded softer some people say thats on the back of the rise in yields in the u. S. Maybe this is the beginning of a bond bear market and that could have implication for equities from here. The picture for europe is gloomy this morning stoxx 600 trading about 0. 2 weaker on the first hour of trading. The ftse is inching into the green. Ftse 10 0, a slew of earnings out of retailers this morning. We did have strong results out of ted baker and decent results out of sainsburys banks are up almost 1 Deutsche Bank having a very good day today. Up more than the 20. 2 travel and leis
Assets. Valuations of emu dollar bonds at the levels that no longer make sense. David its interesting you bring this up. First i want to flag, it is 2018. 20 years since the movie armageddon. [laughter] of course thats bruce willis and ben affleck. The other thing i want to type out, the valuations. Are investors getting enough reward for the risk they are taking . Thats a conversation we will be having in a few minutes. Have a look at where we are on the market story this thursday morning. Here, we are looking at a decline across the equity markets today. First decline since the year started. Were almost looking at nowhere to hide. You are getting mongolia at the top. Let me flip it around and look at the broader picture across benchmarks in the region. The story at the very top, 1. 4 drop in new zealand. Biggest drop since the u. S. Elections in 2016. Across equity markets, the biggest winners in this recent leg up are some of those getting dumped the most. In that way i guess we are
In the u. S. , which we had to reduce our tax asset, reducing completely our tax level in the u. S. , with Significant Growth of our net profit. Swiss re says it is considering a partnership with softbank after better than expected profits and returning more cash to shareholders. We feel comfortable that we have the ability to return funds to share hoholders. And a number of negative earnings limit cap gains in europe as James Bullard tells cnbc that rates should not go up too quickly. The idea that we have to go 100 basis points in 2018, that seems like a lot to me thats price for perfection. Everything would have to go just right. The economy would have to surprise on the upside a bunch of times in the year im not sure thats a good way to think about 2018. Good morning flat open so far across europe the stoxx 600 slightly into negative territory, but not by a massive, massive margin. Its down less than 0. 1 we look at the individual markets, you can see its a bit of a mixed picture t
Market investor tells cnbc intervention is not the solution. They are desperate to try to keep this market up and theyre trying every rule in the book to do that. Unfortunately as we know the more they do the more uncertainty is imposed on the market. Putting the brakes on profits at major auto maker. Bmw warns of slowing sales. Analysts worry theyre stalling on reforms. This despite delivering better than expected Second Quarter earnings. Hi everyone im seema mody. Coming up on the show hes a man with a plan. A Clean Power Plan as obama talks tough on Climate Change were asking you what would you give the president for his birthday, which by the way is today. The numbers are in and its not looking good for hillary clinton. We unveil the results of the latest nbc wall street journal poll. Plus angry bird produces angry gamers. Find out why the app ruffled some feathers later in the show. Lets show you what greek banking stocks are doing and theyre open now for a second day after they w