Responding. And, move over, oprah. Sherry redstone cements her status as the most powerful woman in u. S. Media as cbs agrees to merge with viacom in a long awaited deal. Shares of apple and chipmakers soared in tuesday trading after the u. S. Delayed a 10 tariff certain imports including smartphones as well as laptops. Before boarding a helicopter in new jersey, President Trump said in case it has an impact on people, what we have done is delay it so they wont be relevant during the Christmas Shopping season. To discuss in washington, the president of the u. S. China business council. , bloombergs l. A sarah mcgregor. Sarah, do we have any idea what the motivation is for the change of heart . Sarah we do know that the news gave a bump to the stock market. We saw some retail and Technology Stocks go up today. There have been some declines in share prices in recent weeks since tariff announced since trump announced the tariff. Of course, that is an immediate cheer from the market. What
It looks like a Consumer Confidence beats on the top line. Coming a lot stronger as well. Is ad know that the s p little bit lower and that continues to be the case. Off by. 4 . The big headline number is tech. Semiconductor coming in with it is sporting forecast. It is dragging down all of the tech sector. Threemonth, 10year. Only inverted by 1 basis points. Jay powell tomorrow, he will be happy about that. Want to take a look at the financials index. One of the worst performers within the s p 500. This is after we heard from citigroup yesterday. They are laying off hundreds of global jobs. 80 of those in your london, guy. Guy deutsche banks front and settle on a story as well. Here, we are trading with a 121 handle. That is helping out the ftse 100. It is not trading as much to the downside as its continental counterparts. By is done. 2. 22 is down 2. 22 . The lufthansa is trading down today. Bayer is trading down today. The tray narrative mixed up in all of this. Continental market
Semiconductors. A lot of the big tech heavy off of apple. I have my eye on the inverted threemonth 10year. You heard from zone he said he wants 30 five basis points before we get too worried about a recession. The financials guide. A london story and european banking story. Citigroup announcing hundreds of job cuts yesterday afternoon. 80 of those in london. That pressure from equity revenue trading. I wonder if this low volatility trading and the pressure it is putting is more a systemic than a cyclical problem. Guy you are certainly hearing it more and more in the banking sector, talking about the fact that people may not be on the sidelines, wreps happening on a more permanent basis. Certainly the hedge fund community, that is an issue. Lets talk about the markets when it comes to the pound, having its worst run of losses in almost three years. The bloomer pound index is trading at a record low. Investors raising serious concerns about the possibility of a no deal brexit. And one co
Reporters outside the white get licenses to sell to wall way house, the president said we auwei. Ha are either going to make a great deal or not make a great deal at all. China is trying to make a deal with me. It is up to me. Some briefing has gone on at the white house or he has gonorrhea it is not up to them. From shanghai, but he is clearly mark the president criticized upset today. David does the white house want to deal . Tweets, heidents china for what he says is its unwillingness to buy american agricultural products. Warned that Sleepy Joe Biden general nominated like get elected and he will be be the pentagon secondincommand is denying tougher if he gets really did. Allegations of Sexual Misconduct as he appears before the Senate Committee considering his if you get three elected. Nomination. A Senior Army Officer has do the chinese want a deal . Accused air force general john jenny we will see that if it whiten of subjecting her to a series of unwanted actual gets down to th
The Prime Minister loses when it is him against the markets. The biggest week of earnings season with Powerhouse Companies reporting. Better than expected cash flow which we have not seen for a long time. In the second half of the year things should pick up. We are seeing a little performance art. Mexicos president speaks exclusively to bloomberg. He says Interest Rates are too high but he will not intervene. We trust we are not just going to grow but also to develop. Some of europes largest banks say it is high time or for rates to come up. Fundamentally negative Interest Rates not just for the future of banks at stake right now. It is all ahead on bloomberg best. Mo emma hello and welcome. I am emma chandra. This is bloomberg best. The weekly review of the most important interviews from Bloomberg Television around the world. Lets start with a look at the top headlines on monday. Chinese authorities in hong kong finally responded to antigovernment demonstrations that have been going o