Way to an ipo. Saudi arabia puts a prince in charge. Morgan stanley ceo speaking frankly about the fed. Ive support the latest fed rate cut and i expect they will do one or two more. But then, it is time for a pause. Managers apply unconventional wisdom to a changing financial environment. Corporateentgrade bonds are an asset class that provides more risk than return. Plain tot is pretty see that bonds are not a safe place to be. 17 trillion treasuries showing negative returns which is crazy. Its all straight ahead on bloomberg best. Hello, and welcome. This is bloomberg best, your weekly review of the most important Business Analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels on monday as the him stuck to his stuck to as the pm his do or die brexit plan. British parliament is about to suspend its operations for a month at the request of
Resident negotiators with no deal odds rising. There timing is a hint may be a willingness to talk. Another round of earnings reports sends signals about the Global Economy. Xiao me is facing headwinds on a number of Macro Economic fronts. We are seeing weakening. Rosalind Federal Reserve chairman jay powell speaks at jackson hole. We are at a sort of equilibrium right now and i would be happy to leave rates here. We have to be careful not to ease too much when we do not have significant problems. Lower rates will stimulate our economy somewhat. I dont see this as the end of a rate cutting cycle. I think we are where we need to be. Rosalind it is all straight best. N Bloomberg Rosalind hello and welcome. I am rosalind chin. This is bloomberg best. Your weekly review of the most news and Business Analysis around the world. Lets start with a day by day ns look at the top headlines. On monday, markets responded positively to news that seems to imply an easing of u. S. China trade tensions
On that leg on the plant weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet and in costs under control we now want to take the next step mats to align the bank with its strengths and that is what were pleased to announce to the company stumbled during the world financial crisis and its share price has yet to recover deutscher has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank in new directions and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking ma
Showers this weekend. So, theres that low. Weve still got these frontal systems spiralling in an anticlockwise direction close to that low. So, sheltered eastern areas again seeing the best of the drier, sunnier spots. Further north and west, we keep those showers going, some of them heavy, quite frequent. Theyll brush fringes of wales and South West England as well. So, by sunday afternoon, if you keep the sunshine, you get a little more warmth, highest values of 19 20 degrees. Now, as we move out of sunday into monday, that area of low pressure will drift away, and we come under the influence of high from the near continent, and the winds swing round to more of a southerly direction, for a couple of days at least. So, thats going to drive in a little more warmth. The yellow tones to be replaced by warmer rossets as those temperatures are expected for some of us to climb into the low, maybe even mid 20s. We still keep the risk of some showers, particularly across the far north west. M
Bond funding are senior citizens. Theyve lived there 30 years and have very low rents and are in danger of losing housing. In addition, we are preserving the communities at sunnydale a and potrero, preserving the housing for those households. Theres many intergenerational families at those locations, so with respect to the bond level, thats what we were getting at. I think it would be great to put that in the report so that people would have a sense that there was some delivery of the issue that was raised. Thats a good idea. We will do that, and we will also add i think in prior bond reports, we talked about the switch of funding from one project to another when it happens, but i think thats a good idea just to keep it moving in all the bond reports just so as people look at it freshly, they may have forgotten, and we can make sure that thats clear. Thank you. Thank you. Theres a larger issue besides specific to this bond, which is how this bond fits in to overall Housing Needs in a c