Record. Manus it is daybreak europe. The words of the Vice President of the United States of america now open up a new salvo in the trade wars. Those words are the president has made it clear it is going to be very hard for us to do a deal with china. Geopolitics and human rights is the new escalation in trade wars. Nejra it is interesting, the timing of these two stories coming through both having an impact on the markets in terms of the hong kong bill and how that could have an impact on the negotiations. They are going to go back to that may template in terms of rolling back tariffs. We know how much hope there was ahead of that only to be thwarted later on. Highrises of the beijing. We have come here specifically to host some pretty good interviews. The roster is pretty high quality. It is the Bloomberg News Economy Forum. We will speak to the Standard Chartered ceo and the ubs group ceo. We are going to catch up with the Goldman Sachs chairman and ceo david solomon. The former whi
Protesters in hong kong and beijing promises retaliation if it becomes law. Alibaba set to raise 11 billion in a second listing next week. It marks hong kongs biggest share sale since 2010. Coming from behind, Jeremy Corbyn holds his own against Boris Johnson in the first tv debate in the u. K. Election, a snap poll puts the leaders at almost even on the night. Good morning. Matt good morning. We are getting headlines that hsbc is going to replace its head of Investment Banking, so those of you working at the Investment Bank at hsbc, at least according to the financial times, looks set to get a new boss. The head will move to a nonexecutive role according to the f role ft and he will get a replacement. We will bring you the developments on this story as the new head of Investment Banking those into the Hong Kong Shanghai banking corporation. Less than half an hour from the european open and lets look quickly at what is going on in terms of the risk picture this morning, the treasury yi
We start with the u. S. Senate bill aimed at supporting hong kong protesters. Ministry said in a statement that it blatantly interferes in Hong Kong Affairs and other china internal affairs. Bloombergs great at china editor karen leigh, walk us through what happened. Karen this follows chinas line telling the u. S. To back off when it comes to hong kong. The into options that it could take. Sees a bit hong kong of a more normal daytoday after many days off, and a standoff between protesters and police is coming slowly to an end. Looking ahead towards district elections on sunday. Should the government delay or postpone them, that could lead to more protests, so all eyes sickly turn to next weekend. Eyes basically turn to next weekend. Alix thank you. Bloombergs matt miller joins us from frankfurt. Walk us through the highlights of the report. This twice a year, as you said. They think this is a part of the responsibility they have for setting Monetary Policy, to also point out the risk
Them. Nordstrom all lower. At to a clock p. M. Eastern, we get the fomc at 2 00 p. M. Eastern, we get the fomc minutes as well. Guy stocks in europe a little softer than they are in the United States, which is interesting. The trade story certainly front and center for most people. We are also watching whats happening with the hound with the pound. Dropped first thing this morning, still north of 1. 29. A little bit of a bid for the bond market. We are moving, as you can see, down by two basis points on the german tenyear. Prices rising just a touch. We are now joined by viktor hjort, bnp paribas global head of credit strategy and desks analyst. Good afternoon. Credit markets and equity markets seem to be taking a different view about what is happening when it comes to the trade narrative. Credit markets, particularly when it comes to primary issuance, continued for k very optimistic view of the world. Why does credit stand out as having a much better view of what is happening . Viktor
Has investors start to reassess risk. The other risk that needs to be reassessed, are we underpricing the fact we could see an upset in the conservative majority, cable down. 2 . Coming up, a host of interviews from the bloombergs Economy Forum. Tomorrow, standard chartereds ceo anddman sachs former white house adviser gary cohn, an absolutely stunning lineup. Lets get the first word news with Viviana Hurtado. He didnt initially realize the white house was putting unacceptable pressure on ukraine, this from a former envoy. Joe biden. Ng former special envoy kurt volker was one of four witnesses yesterday. Next will be Gordon Sondland. The fed minutes will likely reinforce rates are on hold. Chairman powell addressed the congress twice last week. The signal policy is in a good place provided there isnt a material reassessment of the outlook. The key thing from the minutes will be what that phrase means. Protests in iran have left at least 106 people dead according to amnesty internation