From that point of view, i dont think they will go further on that. Francine sterling slides again as theresa may signals that regaining control of immigration and lawmaking are her brexit priorities, even if that means quitting europes Single Market. This is bloomberg surveillance. Im Francine Lacqua in london. Happy monday. Lots to talk about on the show today. Joining us, mike bell, strategist at jpmorgan, and bloomberg gadfly columnist Marcus Ashworth. Plus, as london struggles to get to work with the strike by Public Transit workers, we will focus on a more agreeable form of travel. The ceo of sun seeker International Joins us to talk brexit, exports, and the future of the marine leisure industry. First things first. This is a picture overall for a lot of these european equities. The one piece of data we have, it wasnt great, but gives us a little more of that buoyant German Economy. German output climbing. Economic strength in germany is Standing Firm once again. Dollar strengthe
You. First thing is first, we always check the markets. On whates us guidance investors think. The Federal Reserve continuing to drive a rally in the dollar. Asian shares falling, u. S. Equities higher. The topix finishing at the highest since december 2015. Yen was lower. Tokyo shares jumped after the dow at 21,000. Little bitocks a unchanged after closing at the highest level in more than a year yesterday. The dollar extending some of these gains after brainard became the latest fed official to support the case for an Interest Rate hike. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Justice confirmed that attorney general Jeff Sessions had conversations with russias ambassador to the u. S. While he was a surrogate for Donald Trumps campaign. He said during his confirmation hearing that no contact occurred. Sessions said in a statement that he never met with russian officials to discuss the campaign. The news has prompted Top Democrats to call for him t
Headquarters in london. We have a great show lined up for you. At 9 30, we have our weekly show, bringing you all the news, analysis, and conversations around the u. K. Vote to leave the eu. Today we talked to yo sushi founder about what brexit means for business. First lets check on these markets. The markets are trying to get some kind of clue what janet yellen will do. The dollar paring some of the weeks advances. European stocks practically flat. Asian shares falling ahead of that speech by janet yellen that may or may not shed light on the u. S. Interest rate outlook. This is gold, gaining 0. 2 . Overd see a retracement the last couple days. Lets get to the bloomberg first word news with nejra cehic. Nejra the worlds Biggest Pension Fund posted a 52 billion loss last quarter. In the three 3. 9 months to the end of june. Stocks tumbled and the yen surged, wiping out all investment gains since it boosted shares and cut bonds. Consumer prices have fallen for a fifth straight of strai
Market cap added and it is now bigger than j j and creeping up on anal . Well, it is, and the problem that it has has and the problem i have, is that i have voting shares for a whole host of compliance reasons, but what keeps it out of peoples portfolio is that fact alone. Well, doc, is it going to be in everybodys portfolio . I think it should well, where apple was, facebook is there now. Well, im a trader and not investor. And for the Wealth Management clients, knock on the wood that we were loaded up on the facebook, and call spreads and naked stock, and it worked out well, and pete made a great call yesterday on the show about it. As far as me and a trade, once it gets up to the level of 1119, i think that you let it rest a little bit and it does not mean that it is not going to go to 125 and work higher from there, but i think that after this serious afterhours pop which has held now so far today, but basically not extended past, i think that you would get a couple of days or the
Says and the three, count them, stocks he likes. Okay. Well stocks well off their heigs this hour. The dow was up 173 points earlier on in trade. Todays big ipo stumbling out of the gate. Dom chu is on the floor with the juicy details. Mandy, tyler, the big deal here is this ipo here for pure storage at post eight right behind me. It was supposed to be this barometer, if you will, of tech ipos and the appetite for that kind of investment or risk in this marketplace. It priced at 17 bucks a share, right in the midpoint of the range. They sold 25 million shares. So again this company wanted to see their stock go up out of the gate. However, what youre seeing up there on the chart is down 5. 5 , near the lows so far today. Its traded in a range. It went as low as 16, as high as 17 at one point. As you can see on the bottom of the screen, this company is important for a lot of us viewers out there because it was one of the cnbc disrupter 50 companies from 2015. Those companies that were we