Company announces a 1 1. 7 billin charge from the deep water horizon disaster and says Cash Payments for cases will rise to 3 billion in 2018. Shares in hugo boss jumped after they beat sales expectations amid strengthening u. S. Markets and robust online trade. And asian equities swing back as china fixes the one mid point at the strongest level against the dollar in two years. U. S. Futures point to a big open for the dow after a long weekend there. Good morning it is tuesday. You can see the handover from asia was strong overnight. Hang seng has made new highs up 1. 1 , on track for the highest close on record. We also saw good performance from nikkei up 1 in overnight trading. Topix had a decent session overall for europe the picture is more positive stoxx 600 up around 0. 1 lets switch into european markets and see how things are shaping up there ftse 100 is the laggard there. We get uk inflation data in a half hours time thats expected to dip a bit xetra dax up 0. 2 . Cac is flat
Overshoots some undershoot and overshoots are part of how the economy operates and our tolerance for those asymmetric with respect to under and overshoots. We did take note in a statement of the fact that inflation has picked up in recent months. I see some of that is having to do with unusually high inflation readings in categories that tend to be quite a volatile without very much significance for inflation over time. So im wary and having it concluded that we have seen any significant uptick that would be lasting in, for example, in core inflation. But the Committee Notes as it did in december that we continue to monitor Development Trends and developments closely. And that would include both the fact that recent inflation readings have been on the high side. And as i mention on the other side, that readings on measures of inflation compensation and some survey measures have been on the low side. So in that sense the our risks around the inflation forecast in both directions. Your s
Of the Supreme Court. Interview, he also said, can you imagine dropping a nominee into that fight, into that cauldron in a president ial year . Whichvironment within such a hearing would be held would be so supercharged to be able to be distorted. Biden later, it chairman talked about the confirmation process and further explained his recommendation for deferring should a Supreme Court vacancy occur. He repeated his recommendation regarding how to handle a nomination that year. Let me just refer to this chart and read it. President bush should consider following the practice of the majority of his predecessors and name a nominee until the november election is completed. If the president presses and electionyear nomination, the senate should seriously consider confirmationg hearings until after the Political Campaign season is over. Chairman biden again explained the reasons for this recommendation. The confirmation process is degraded in the wake of controversial nominations, and in th
The decision that requires me to set aside shortterm expediency and there are politics so as to maintain faith with our founders and perhaps more importantly with future generations. And that is why over the past several weeks, i have done my best to set up a rigorous and comprehensive process. I have sought the advice of republican and democratic members of congress. We have reached out to every member of the Senate Judiciary committee, to constitutional scholars, to advocacy groups and bar associations representing an array of interests from all across the spectrum. And today, after completing this exhaustive process, i have made my decision. I have selected a nominee who is widely recognized not only as one of americas sharpest legal minds, but someone who brings to his work a spirit of decency, modesty, integrity, evenhandedness, and excellence. These qualities and his long commitment to Public Service have earned him the respect and admiration of leaders from both sides of the ais
Vonnie good morning david and stephanie. The city of brussels is under lockdown because of fear of an imminent terrorist attack. Schools, jobs, and the imminent subways schools, jobs, and the subway system remain close. They expect a peristyle attack with multiple attacks taking place at once. We will go to brussels for more in a moment. Francois hollande has the u. K. On board in his attempts to build a coalition to fight Islamic State he met with amy cameron today. That he met with David Cameron today. Tomorrow he meets with president obama in washington. Onn with Angela Merkel wednesday, and Vladimir Putin on thursday. Argentina has voted for a big change. Macrition leader mauricio has been elected president , setting the stage for improved relations with the u. S. He has promised to lift argentinas currency controls, cut inflation, and attract international investors. You can get these and other breaking stories 24 hours a day at the new bloomberg. Com. Matt lets look at futures. W