Impressed. The index at a threeyear high. Kong, 4 00 a. M. In london. By where it is 8 00 a. M. , welcome to Bloomberg Markets middle east. What are you looking at today . Asia, globale in investors taking a closer look at i it is weakening and there is a lot of volatility when it comes to the yuan. Jump into my bloomberg and see what i mean. Exchange, it stock has surged to a record in november. As you can recall, it has been a wild month for global markets, ofecially after the surprise some of president elect donald are lookingvestors for production. Check out what has been happening this month. Here asreally surging investors scurry for protection. We are just under two marketsay from emirates in dubai. Lets take a quick check of how they closed across the region yesterday. A mixed bag. Dubai, one of the biggest gainers,. 7. We are doing a quick check of markets open in asia. Mumbai trading for almost 20 minutes now. You can see, it is a mixed picture across the board. We are seeing
Weak month. But frankly, thats downright terrible. The house of pain the dow shed 32 points. At one point it was much, much worse. As i always tell you. This year is all about constantly finding the roving bear markets and the ramping bull markets. In response to the Interest Rates plummeted. The bank rally. All the u. S. Based international company, the bottom market dividend yield of 3 or hire. It will be longer than anyone thought. Specially fed nums keep telling us the economy is getting too hot. If anything, these numbers are too cool. Way too cool. As i like to say at the end. Show, there is always a bull market somewhere and today, it was did i have tend players like you. The high yielding companies. I think that rally will continue so why dont we get right to our game plan for next week. At this moment i am fixed on that game. We get germ an factory orders on monday. If they are as strong as i think, you can expect the euro to continue. Fabulous news for the stocks of so Many A
Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi
Area, so there were a lot of shipping routes that could be taken. He also had the Steel Industry here, which is very important for the Automobile Industry to have the steel, and also a lot of lumber, and cleveland had also been known as a town where a lot of care errors theiages were built, so carriage industry was moving into that Automobile Industry, and that allowed cleveland to take that on. Alexander went and was a scottish immigrant who came to , andland to be with family he had grown up around the shipping yards of scotland, and he knew he wedded to be involved andndustry in some way, when he got her to cleveland, he started a bicycle company, the bicycles, and he learned very quickly that to sell your bicycles, you had to prove them, and he became one of the greatest icicles in the country, and his bicycles sold well, because he was known to race with his likes and win with his when hend he decided got into the Automobile Industry to do the same thing, to them and race them. In
Manufacturing center in the late 1800s through the depression, combining its location on the water with the coming of the railroads. Today it is ohios most second populous city. With the help of Charter Communications, as cleveland prepares to host the convention, we take a look back at the history. We visit the Crawford Auto Aviation Museum to find out by it lost the distinction of the motor city. Became the city where highend automobiles were built. There was a lot of wealth in the the. So, the vehicles being built here were primarily vehicles for the wealthy. Happens, find out what music and politics collide at the rock n roll hall of fame. Congress put together the list of the filthy 15. Kind of public enemies number one through 15 in terms of making the case that rock n roll has to be controlled, censored. It led to warning labels being put on cds. These talk to artist, songs, they were not that outrageous. Plus we take a look at to pass conventions in cleveland. In the rear book