January 31, 2020. I to maim day meeting with no more cuts for year, and Christine Mcgarr first European Bank meeting, also no stimulus there appeared lets talk about all these big stories and find the investment plays with them with me right now to talk about that is that cities private bank david balin. David is good to have in the program. Great to be here. You are making recommendations on billions of dollars under management, private bank. These headlines are important to you because you are investing all across the world. What was the most important headline this week that causes you to change her strategy, if at all. I would they say the most important headline for this week is the Brexit Boris Johnson is the overwhelming majority. We really like uk equities. We like dividend payers in the uk, and we think this once and for all will create the clarity that will allow that market to do better than its done over the cause last year. We needed some clarity and thats for sure. In the
I to maim day meeting with no more cuts for year, and Christine Mcgarr first European Bank meeting, also no stimulus there appeared lets talk about all these big stories and find the investment plays with them with me right now to talk about that is that cities private bank david balin. David is good to have in the program. Great to be here. You are making recommendations on billions of dollars under management, private bank. These headlines are important to you because you are investing all across the world. What was the most important headline this week that causes you to change her strategy, if at all. I would they say the most important headline for this week is the Brexit Boris Johnson is the overwhelming majority. We really like uk equities. We like dividend payers in the uk, and we think this once and for all will create the clarity that will allow that market to do better than its done over the cause last year. We needed some clarity and thats for sure. In the evaluation in the
Alltime high, President Trump signed an interim trade deal ahead of that the agreement averts new tariffs on chinese goods that were due to kick in this weekend. It is 4 00 a. M. In the u. K. I am Tracy Alloway in hong kong. You are watching the pound this morning. As soon as we got the exit poll, that was six hours ago, suggested we would see a big majority for Boris Johnson. Everything we have seen seems to confirm we all we will see a big majority for Boris Johnson. The pound goes higher, up by 2. 4 . The euro falls against the pound. We have not just been covering the brexit ramifications. There is also the trade narrative, progress between the u. S. And china. That is having an impact on agricultural products. There are two walls crumbling friday. One is the redwall and the other is the proverbial wall of worries for investors. Look at the price of soybean futures, those are surging off the back of speculation that lots of add products will be bought by ag products will be bought
We pulled it off. We broke the deadlock, we ended the gridlock, we smashed the road block. The Prime Minister is now inside number 10 having pledged to earn the support of people who in his words may have lent him their vote. An awful night for labour losing 59 seats many of them in places the party has held for decades. Jeremy corbyn said the results were very disappointing. I want to also make it clear that i will not lead the party in any future general Election Campaign. I will discuss with our party, to ensure there is a process now of reflection. Borisjohnson pledges to work day and night to retain the support of labour voters who deserted Jeremy Corbyn as labour suffered its worst defeat since the dark days of michael foot. Jo liberal democrat leader jo swinson has quit after she loses her own seat to the snp and the party fails to improve its position at westminster. For millions of people in our country, these results will bring dread and dismay and people are looking for hope
Illian. Has joke at the end it reminded me of churchhill as well. Do you expect Boris Johnson to try to emulate his idol . Will he try to boil down the middle now that he has such a big church and keep all of these voters with the conservatives for longer . Christopher well, i thought that was a most interesting part of his speech. In my opinion, perhaps the most effective was his candid and disarming, even charming admission that a lot of the voters who put him back into power with a large majority have him on probation. A very nice parallel with his election as the mayor of london when a lot of traditional labour voters supported him and they have now supported a conservative party. That, i think is notice also in the rhetoric, one nation conservatives. He remindednation, himself that that is the formula. What does that remind you of . , not labour,labour but new labour. That was the slogan of tony blair. Clearly looking to put a very personal stamp, which arguably could be churchhil