Raising the exit payment. Hitting 8,000. Matt . Matt lets take a look first off at futures where they are trading after the Coalition Talks here in berlin collapsed late last night, early this morning, depending on how you want to look at it. We see futures down across the board. We have asian markets down as well, but there are other reasons for that. Not the collapse of the berlin government talks. I think they had export numbers that were disappointing. See futures are down almost three quarters of 1 . If you take a look at other closely tied to merkels forming of a government, you see the euro coming down. This is a threeday chart. You can see how it traded after two days and then the collapse in trading this morning. The question is, is it a by the dip moment . Or do you see the trend may takeg down . This possibly weeks or months to clarify the situation on who runs germany. Guy . Bloombergs go to first world news with at ludlow. Mugabe shocked his country with a televised addres
We are under 30 minutes away from the end of the monday session. Stocks are rising shrugging off the news out of germany today that Coalition Talks have collapsed. Investors overlooking that. They think the German Economy will continue to perform. On euro was lower by. 6 news of the collapse of talks in asian trading. It then rose by the fifth of 1 . Other options include a minority government option gauges pointing to a longlasting effect of the german news. We are seeing yields declined today. Commodities and cdf. Crude hit a record and futures highs in theyear last couple of weeks. Hedge funds are pulling back with the sense that the rally has reached its limit. Middle east tensions taking a uncertainty looming over saudi arabias choice to extend opec production cuts. Just below 540,000 contracts in the weekend of november. The swissuro enabling bank to exceed its target for growth in new money for the first 10 months of the year. 17 ts under management rose at 393 billion swiss fra
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Admire and he is here this morning to talk about his new book and a new biography of mohammed ali. I understand this is his only third stop. For he speaks ive been asked to mention a few things. First, the book possible,a of course, is pretty but if you would like to contribute to the cause you can do that at the headquarters for the book possible outside ort online and also i reminded after his remarks he will be heading over to the signing tent which is next to the tent out on the main plaza so you can have him sign your bookrn over there. Jonathans regard is one of the top writers of narrative nonfiction which is my favorite style. Its a fantastic author and bestselling book including two that i have read on lou gehrig and Jackie Robinson. Jonathan is written for the New York Times, theac new yorker, esquire in the Washington Post today he is a contributing writer for the wall street journal. His biography of commonality is the most anticipated book of the fall is you have checked o
This is bloomberg daybreak europe and we have a more positive picture coming through on the asian equities session. We are focused on what is happening in brussels. Lets get to some of those stories. They are moving markets. , this is good news. A broad base rally coming through in japan, and hong kong is where we are getting strength coming through after it was all the u. S. Stock market do nicely. S p gaining for the first gain in a week. Onto a story in brussels. We have seen theresa may arrive and it seems brexit will be done in brussels. David davis is with her and she is going to be meeting with barnier. Could we get a deal is our . We are looking forward to the press conference and another speech at 6 58 london time. We have bitcoin down by. 43 . By any other asset standard, that would seem like a big move. 16,000 up to 20000 and back down again, but still of 16 fold. Manus everybody is sharing their voice in terms of what is next. Billionaires were born and americans are gettin