Carol welcome to Bloomberg Businessweek. I am carol massar inside bloomberg headquarters in new york. This week, political troubles on both sides of the atlantic. A formal impeachment inquiry is opened on President Trump. Therefore today, i am announcing the house of representatives moving forward with an official impeachment inquiry. Carol plus, a defiant Boris Johnson dragged back to parliament to explain why he broke the law. We take a look at what a hard brexit might look like. President trumps political future among the topics front at center at bloombergs forum in new york. When you added together, i think what it leads to is not a recession, but a slow down growth globally, which is what we are experiencing. Carol more on that ahead. First up, here is editor joel weber on this weeks cover story. This is one of the hallmarks of businessweek, these strategy stories that we sometimes do. It is a look at how mcdonalds has been thriving for the past five years or so. Share price keep
Oneonone conversations and Panel Discussions examining problems that threaten prosperity and exploit pollution. It is 100 clear to us that the cost of inaction is higher than the cost of action. The rules are clear, we will follow them clear. I was running out to address Climate Change. It is right to hold our feet to the fire. It is straight ahead on bloomberg best. Doolittle,ail welcome to a special edition of bloomberg best,with highlights from the 2019 Global Business forum. It brings together the worlds most influential leaders in business and government to address the most pressing global challenges and explore opportunities for solutions. The theme of this years conference was restoring global stability. The Prime Minister of india delivered the keynote address and joined michael bloomberg, founder of bloomberg lp and bloombergs lanter b, onstage for a conversation bloomberg philanthropy, onstage for a conversation. We believe the earth is our mother, and we dont have the right
Ton begins trading and we speak with the ceo. Ebays ceo steps down from his role. Who will help invigorate the floundering company . We begin with what was a historic week in washington. On tuesday, nancy pelosi formally opened an impeachment inquiry on President Trump. The investigation focuses on a phone call President Trump had with the president of ukraine and whether he betrayed the nations security is seeking to by seeking to enlist a foreign power to tarnish a rival for his own political gain. In this case, the son of former Vice President joe biden. While not tech related per se, an Interesting Company did show up in the partial transcript of the call. That company, crowd strike. I spoke with the ceo about the mention of his company in that president ial phone call. The only reaction i have is that in 2016, we actually performed this investigation. We worked closely with the fbi and turned over all the forensic data, and we stand by the conclusions we have and they were backed
What we are seeing now. Nejra wework has issues to work through on its way to an ipo. Investors did not like it. Nejra saudi arabia puts the prince in charge of the kingdoms oil ministry. He has a strong personality when it comes to the market. Nejra Morgan Stanley ceo speaks frankly about the fed. Ive supported the latest federated cut and i suspect they will do one or two more. But then it is time for a pause. Nejra Asset Managers apply unconventional wisdom to a changing financial environment. Investment grade Corporate Bonds are an asset class that provides foreign risk than return. I think it is plain to see that bonds are not a safe place to be. You have 17 trillion treasures at negative returns which is crazy. Nejra it is all straight ahead on bloomberg best. Hello and welcome. Im nejra che pitch. This is bloomberg best. 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 monday as the pm stuck to
Index is up 1 today as well. Key banks saying memory chipmakers are possibly on the rebound come so that has some rallying today. So that has semis rallying today. Its get to our guest, Charles Dumas of ts lombard. What will mario draghi announced tomorrow . Charles i think he will come through with some further 10 basis point move may be on the negative rates, from 42 50. 40 to 50, and with tiering on the banks. That is the important thing. Theres also likely to be a revisiting of quantitative sing, for which theres about , yeorth of scope Something Like 30 billion a month. Vonnie weve been hearing from strategists and economists that say there is really not much that that kind of easing will do, that that kind of stimulus, and even earlier on, our guest took exception to the word stimulus, saying this is not going to stimulate european economy. Charles i dont think it does. I think your guest was correct. The basic point is for 10 years now, or at least since 2011, the euro zone has