Set your agenda. Asian equities retreat for a fourth day on more concerns over chinas economy. And after strong us retail sales, add doubt that the feds inflation fight is finished. Uk headline inflation set to take a step lower today, but the pressure is on for the bank of england after the hottest wage growth on record. Plus, the Worlds Largest owner of stocks rebounds thanks to investments in big tech. Well break down the numbers from norways 1. 4 trillion Sovereign Wealth Fund. Well, good morning. Welcome to wednesday and its risk off this morning as concerns about inflation and growth weigh on markets, us futures are flat this morning after the s p 500, the nasdaq and the Dow Jones Industrial average all ended just off session lows yesterday. Equities finally showing a bit of worry this off year after year had us retail sales coming in above forecasts, along with home depot earnings for that matter, underscoring consumer resilience and bolstering, therefore, the case for the fed t
London. Its jobs day. Eurodollar, the one thing we need to watch out for 1. 2051. That were expectations these equities would go higher. We are seeing a little bit of retrenchment out of u. S. Equities because valuations, a lot of people think, are more attractive. Kettneree if max scherze thinks the same. The u. S. Jobs number, 2. 46. We will ask him about brexit. Ask him about this rotation into bonds. In later on, we speak with will em buiter. I know he has a thing or tow to say about germany. Sebastian in the u. S. A bombshell book detailing the backstabbing in Donald Trumps administation is being published four days ahead of schedule. The white house has been defending Donald Trumps Mental Fitness for office, an i ssue raised in the book. If he was unfit, he would not have defeated the most qualified group of candidates the Republican Party has ever seen. This is an incredibly strong and good leader. Thats why we have had such a successful 2017. Sebastian north korea has agreed to
We continue to buy apartments. It provides really good yields to our current investors. It does not get intermediated by the internet. You still have to live somewhere, you cannot live in your computer. We just bought a hotel in West Hollywood that we will renovate. I have to do a little advertising, one south beach was voted one of the top hotels in the United States and one central park is the second best. Brooklyn was just open with 13th in new york city. Erik let me ask you a question about amazon. They are looking for a second u. S. Headquarters. Have you got a real estate solution for them . Erik they create so much demand and cities they create some much demand and cities are so excited to have them. Erik they do not build their own buildings. They have their own Distribution Centers so they cannot do everything. I think boston has a good shot at that, the technology, infrastructure, and educational base, just the zeitgeist of the city. Other places you think they may go are the
Mission technology. We get the analysis. Obamacare. Not enough votes to Debate Health care. There is another vote today. Will they now be able to repeal the Affordable Care act . Matt we are less than half an hour from the start of european trading. In equities, interesting to see how the carmakers do. Let me go through some of the headlines we have been getting out of daimlers ceo. He is talking in a Conference Call with the media and saying that the car industry faces a lot of negative news, there are two main strands, the diesel issue and the collusion allegations on the other. With regards to the collusion allegations, he said he has not bmws ceo Harold Kruger in the past seven days since the bmw ceo denied he colluded with the other two big german carmakers animations technology. Notwould wonder why he did pick up the phone to call kruger. He said he has not spoken to him. He also says he expects planned tax to continue. Any tax that these carmakers had agreed on in the meetings s
Mark lets get the bloomberg first word news. Here is sebastian salek. Sebastian theresa may says parliament should be allowed to taking britain out of the european union. Seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. By a third following the note 7 crisis. The company said profits will come in at 5. 2 trillion one, won, down. Llion donald trump has gone on a twitter offensive, blasting Paul Reid Paul ryan as weak and ineffective. The shackles have now been taken off of him after ryan condemned his comments about women. The nominee continued his campaign speaking in panama city. This election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. The election of Hillary Clinton would lead to the destruction of our country. Againstn fraud charges to a junk rating according to investors. The possibility of an increase in borrowing costs back on the table. He was sum