Research will survive as we know it. And we start with the big issue today, with our question, the u. S. Jobs report. One month is noise, and the next few months will be noisy because of the disruption of the hurricane. Im not sure i would put too much stock in those numbers. It is on the softer side. It benefits all of our positions in International Markets where we think returns will be higher, but we shouldnt forget that this number will be back on track before long. Claims are much more stable than, you know, payrolls, and they are not showing any problem. We have had all sorts of numbers. But when it is not confirmed by other data, Consumer Confidence remains very strong. I think the market is going to blow this off. The first thing i looked at was the wage number and it has been flat at 2. 5 for a long period of time. We need to put more money back in u. S. Consumers pockets. That is what were trying to do by wage growth and tax efficiency. I think the fed is focused on wages and
Is it real yields lower for longer . And it is september. The city and wall street consider how fixed Income Research will survive as we know it. And we start with the big issue today without question the u. S. Jobs report. One month is noise, and the next few months will be noisy because of the disruption of the hurricane. Im not sure investors should put too much stock in those numbers. It is on the softer side. It benefits all of our positions in International Markets where we think returns will be higher, but we shouldnt forget that this number will be back on track before long. Claims are much more stable than, you know, payrolls, and they are not showing any problem. We have had all sorts of numbers. But when it is not confirmed by other data, Consumer Confidence remains very strong. I think the market is going to blow this off. One the first thing i looked at was the wage number and it has been flat at 2. 5 for a long period of time. We need to put more money back in u. S. Consu
Earthquake in mexico tops 200 people as the quiake topples dozens of buildings. Good morning its fed day we havea lot to get through. Lets get to one of our top stories on the corporate front shares in thyssenkrupp are trading sharply higher in early trade, this after the german metals group and tata steel agree to merge their european operations in a 50 50 joint venture. Gemma has the details. This deal i dont think comes as a surprise to anybody what were seeing here is its been widely expected for a long time, about 4,000 job losses expected, 2,000 from each company. Looking at Pro Forma Revenues of 15 billion euro. These talks have been ongoing for 18 months. Been waiting for the news we had earlier this month of tata steel being able to dispose of 15 billion pounds worth of pension liability, which means this was able go ahead. Still a few hurdles. Still need both boards to approve it still need the European Commission to approve it need support from the unions support has been te
At 1. 9s coming in billion. Investment banking revenue at 1. 3 8 billion. We will discuss later in the hour. Well get Goldman Sachs. David time for the morning brief. We will give you you as production data. The greek Prime Minister will be visiting the white house today. There will be a joint News Conference at 1 30 this afternoon. At 3 00 we will get an idea of how the fourth round of nafta investigations have gone on. President trump will deliver a major policy speech on tax reform tonight in washington. Thats coming up at 7 30 this evening eastern time. In the u. K. Data came out showing the highest inflation right in more than five years in september. Increasing the odds for boe policymakers to raise rates for the first time in a decade. Earlier this morning mark carney reiterated the bank expects inflation to peak above 3 around october. After the data came out the pound raced in advance. Hsbcrevised forecast expects the pound to reach 135 of from the initial call of 120. Now we
We are alive. We are live. A very warm welcome, everybody. This is bloomberg daybreak europe, our flagship show. I anna edwards. Manus i am manus cranny. We are waiting for some news to come from phillips but the market is interested in this. Japan. Shinzo abe. Ands medical devices and diagnostic year, we will be doing soon. The market is a little lighter than anticipated. For japans prime ministers sales growth between four. 6 to seven. What is the terms of exposure that . 401s in billion in terms of thirdquarter sales. For a one billion euros in terms of thirdquarter sales. 532 million euros, thats the Third Quarter adjusted evident. Andy. Ebida. We can talk about that. We can also talk about other activities in the u. S. More generally. Lets talk about japan. A gamble by shinzo abe seems to have paid off. Theher this means more of same in terms of stocks and yet is an interesting one. Thes the question is will leader be kept at the bank. Take a look at this. This is roaring away. Th