Todayreasuries are posted closed today because of labor day. If you are americans watching us, happy labor day. This is the picture for eurodollar. 1. 09. Have the german figure a short while ago that was worse than expected. The european stoxx 600 gaining but it is all about the trade war. Up, we speak to the chief economist at 10 00 a. M. London time. Lets get to first word news. It is Sebastian Salek. It forced 185 mileperhour winds and could top 23 feet. It may leave the islands devastated. Uncertain if dorian could hit makeda on my or not landfall at all. Argentina has imposed capital control. Corporations will require centralbank authorization to buy dollars in the fx market fx market. The president is trying to stem the growing economic crisis eight weeks ahead of president ial elections. Thelor Angela Merkel euro skeptic alternative to germany did not make a breakthrough in local elections. The result may save prices in berlin. Saudi arabia is putting its portfolio into two min
Welcome to the program, everybody. You are watching countdown. London. 00 here in good morning. Stocks in the u. S. Rallying after the latest minutes from the Federal Reserve revealing the central bank will continue to keep Interest Rates low for a considerable time. For more, we are joined by christian scholz. The Market Reaction says low means low for longer. The balance is very much on the Residential Market and the european issues. There is plenty of Downside Risks which the fed will obviously way once they start answering that considerable time between that and the first rate hike. Watch here is that this came before the latest big decline in the unemployment rate. They already had discussion about whether there was significant slack in the economy or whether there wasnt and the latest decline may change the guidance as early as the october meeting. There may be changes in store. The considerable time language may still digress. They may be stretching wheniderable time unemploymen
Good morning. Welcome to the pulse. We are live from bloombergs European Headquarters. Francine to our top story, the ecb turns the screws on greece. The European Central bank announced that it will restrict loans to the nation. Guy that announcement came just hours after the greek finance minister met with the ecb president , mario draghi. Varoufakis meets with Wolfgang Scheibe today. Joining us now is hans nichols in berlin. This could be the meeting that everybody has been waiting to hear about. We thought draghi was going to be interesting. Scheibe is going to be fascinating. Hans he is going into this meeting and they appear to have consensus from their european partners. That is that greece should potentially stay in the bailout program. And if they leave, they will be consequences. They are not going to be able to use greek debt as collateral with the ecb. That is going to drive up there borrowing cost. They may face a liquidity crunch. What is greeces plan . Even if they get th
Welcome to countdown. It is 6 00 in london this friday morning. Bloomberg reporters are standing by across the world. David tweed is following the ratings downgrade in the eu. Were watching the reaction in tokyo. Lacing up his trainer is as he digs into sneaker sales at nike. Consumer sentiment as retailers cut prices in the middle of their busiest season. Caroline hyde is live from oxford street. Ourou do not want to miss conversation about the top film picks of the year. We have had some breaking news. The European Union has lost its aaa rating. Is our europe editor, david tweed, in berlin. How significant is this move . The timing could not be more impeccable. You have all of the european leaders hold up in london brussels this morning. It is not going to be hugely significant in terms of markets. We have seen many European Union countries losing their aaa ratings. Last, best only six left. Ies it is all to do with the negotiations over the eu budget. Last year, there were two meeti
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