Headquarters in london. We have a great show lined up for you. At 9 30, we have our weekly show, bringing you all the news, analysis, and conversations around the u. K. Vote to leave the eu. Today we talked to yo sushi founder about what brexit means for business. First lets check on these markets. The markets are trying to get some kind of clue what janet yellen will do. The dollar paring some of the weeks advances. European stocks practically flat. Asian shares falling ahead of that speech by janet yellen that may or may not shed light on the u. S. Interest rate outlook. This is gold, gaining 0. 2 . Overd see a retracement the last couple days. Lets get to the bloomberg first word news with nejra cehic. Nejra the worlds Biggest Pension Fund posted a 52 billion loss last quarter. In the three 3. 9 months to the end of june. Stocks tumbled and the yen surged, wiping out all investment gains since it boosted shares and cut bonds. Consumer prices have fallen for a fifth straight of strai
U. S. Dealerships 1. 2 billion. Caroline we are keeping a close eye on volkswagen as we see the dax open. Futures lackluster ahead of jackson hole. Check out my futures board on the bloomberg. See the cac 40 underperform, down by a quarter percent. On to the assets. Manus we will get into those assets. If you want to understand the limitations or the questions that are raised by the efficacy of stocks on behalf of your losstry, close to 3. 9 from april to june. This is the Japanese Pension Fund. What we have seen is the bank of japan involved in these markets. They will have taken an equitable loss. Japan gpi have posted 3. 9 loss between april and june as a stocks slump. The efficacy of negative rates on the bank of japan we will debate. Lets check in on your markets. It is filler kill day for risk and volatility. It is jackson hole day. You have the emerging market index there. We are seeing this stock. Overall we have lost 1 . We are stalling on the rally. Jpmorgan volatility, fx vo
Today. All three major averages are down. The nasdaq down the lease today of those averages, as we see people, sort of, taking a pause, and also looking ahead to the fed and bank of japan decisions next week. I should Mention Volume today. That is something to talk about. Take a look here. This is looking at volume today compared with the past 30 days. You see the big spike today, all the way on the end here. We are running about 45 above the 30 day average on the s p 500 right now. Triplet is witching witching. It sounds spooky. It tends to cause spikes in volumes and volatility, especially at the open and the close. That is something to watch and consider as the day goes on. In terms of movers on the plus side, we have some tech newsmakers to consider. Twitter, last night, broadcast its first nfl game, streamed its first nfl game, and the reviews have been strong. There were some complaints about a little bit of a time delay, but otherwise the strength of the stream was good, User En
A hitman testifies that when he was mayor, he ordered hundreds of vigilante killings. It is good to have you with us. Tonight, the blueprint for the European Union without written is being drawn up for the first time. 27 eu Member States minus britain will discuss their postbrexit reality and a special summit tomorrow in bratislava. The german chancellor and french president want to be on the same page going in. They got together today in paris to do some homework. Reporter the two leaders got straight to business. It only took half an hour for them to coordinator strategies going into fridays crucial eu summit, the first without britain. Germany and france city want to put differences aside and focus on major european projects. In these hours and days, germany and france want to shoulder responsibility and make clear we are well prepared and have the same priorities. Reporter the eu heavyweights had to bratislava looking for a common reaction. I roadmap to navigate its future. That in
Has brexit shaken the foundation . We speak to the ceo at 7 00 a. M. U. K. Time. A very warm welcome to countdown. We are live from london. It is 6 00 a. M. Here in london. A quick look at what is happening. The asian equities session is underway, fairly flat. Weakness coming in through some oil related asset classes. Let us look at the risk radar. Oil prices weaker, down by 1. 3 . Weakness across the oil markets meaning the asiapacific energy is down for the fourth day. Prospect of increasing crude supplies. We talked about that story coming out of iraq. Prices are retreating from a sevenweek high. We talked about this a lot yesterday and last week with regards to the hawkish commentary coming in from fed officials. A little bit of a retreat from the highs we saw yesterday as we focus in on jack jackson hole where janet yellen will be speaking on friday. The fed needs to consider the cost of leaving Interest Rates low. We will talk more about that team as we go through the program. In