Your wealth. We live in a world where it is difficult to become rich if you werent born that way. And love it or hate it, i believe that the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in the country but there arent that many jobs that pay you a salary fat enough to actually make you rich even if youre a total cheapskate and if you want to become wealthy in this country unless youre born with a silver spoon in your mouth that means planning your Financial Strategy for a lifetime even if you dont have a super high paying job, as long as you could save a chunk and invest widely, you could become if not fifthy rich, then at least financially independent. Meaning you dont need to worry about job security or where your next paycheck is coming from and retire easily without the need to rely on Social Security which might not be around when some of the younger viewers hit retirement age that is why tonight, tonight i
Could be cut short. A truce could be included in a partial deal. Turkish enters Turkish Forces enter syria. President trump orders his forces to stand aside. In an exclusive interview, olli rehn reports that mario draghi ignored advice on qe, says that is greatly exaggerated and stresses the need for togetherness. Olli i value team play. If you are divided you tend to lose games, if you are united, you tend to score. Anna less than half an hour to the start of the trading day, lets check futures. Looking at some futures that suggest some upside. Keep an eye on what is going on in u. S. Futures, incredibly volatile. U. S. Futures, the overall picture does not tell the excitement of the story. Over the last three hours we 1 e seen four more than swings. A great deal of volatility. That is what the Asian Session is telling us. The Chinese Markets up 0. 7 . South korea down 0. 9 . A lot of action in the expectations or lack of expectations. Currency markets moved around by that. And the Au
Tom good morning, this is bloomberg daybreak europe. These other stories that set your agenda. Wall street notches up a new record high as investors shrug off hotter than expected u. S. Inflation with market still optimistic on fed rate cuts. In japan, the end strengthens at the Worlds Largest carmaker toyota agrees to raise hike demands from unions adding for the case for a boj policy shift next week. We bring you comments from the governor this hour. Plus, another big warning with volkswagen inditex all set to report. Lets check in on markets after a strong session for european equities. Fresh eyes for both the benchmarks in europe and the s p as well. Powered by the days that came through from oracle. Nvidia back with gains of 7 . In europe it was porsche that was the top gaining stock in the session. Futures looking flat despite the fact that the inflation printout was stickier and higher than expected. Ftse 100 futures in the u. K. Looking to modest gains of a 10th of a percent. K
Dani good morning and happy friday edition of bloomberg daybreak europe. Im dani burger in london. U. S. Inflation reading, but San Francisco fed president mary daly says the bank has more work to do to combat rising prices. Country garden a penny stock after the largest Property Developer expects multi billion dollar loss for the first half of the year. Ubs has repaid the Credit Suisse liquidity assistance in full, and is voluntarily ending the 9 billion swiss franc government protection. Ubs confirming not only that they are not going to use the backstop, they are not using the safety net given to them by the swiss government. They are saving saying, take away the safety net. The first part was they have terminated the 9 billion swiss franc loss protection agreement. This was the backstop they needed to guarantee that they would acquire Credit Suisse. Second, they have terminated the public with quiddity backstop by smb, that was up to 100 billion swiss francs. The third point is the
I am dani burger in london. Holding steady, philly fed parker said the end of the hiking cycle may be near with potential cuts to come next year. Treasuries extend a rally. The u. S. Curbs its ambition bloomberg learns that investment into restrictions in china are more limited than first expected. Plus, after bank stocks stumble, italy clarifies its new tax on windfall profits, saying it will cap. All right, we are going to give it get earnings but first let us look at markets because it has been quite the rally in the 10 year yield. We saw a drop by six basis points yesterday. Most of the gains on the front end of your screen happened during the asia and europe session. Those gains are maintained today, about two basis points. If we can have such a risk off day, such a flight to haven, flight to bonds on such little information, we have a lot about banking stocks we knew the picture for regional banks underscores the fragility of the summer market. Let me show the stocks because yest