Silicon valley in the spotlight. In a different revenue environment, we are swimming upstream. Market shares are hanging in there, given what the other banks have done. David it is all straight ahead on bloomberg best. David hello and welcome, im david gura. This is bloomberg best, your weekly update of important best review of the most important Business News, analysis, interviews from Bloomberg Television around the world. Lets begin with a look at the top headlines. On monday, the results of a snap election in japan delivered a boost to the ruling party. Prime minister shinzo abes gamble on an early election has paid off. It may have won him a chance to lead japan through 2021. He comes out of this with a stronger mandate. What does that mean for abenomics . It was a victory based on one crumbling opposition. Two, a referendum on abenomics. We have had six straight corridors of economic growth. We have had unemployment below 3 . The stock market this up in areas we have not seen sin
Earnings reports from banks in Silicon Valley in the spotlight and european banks as well. We are swimming upstream. Market shares are hanging in there given what the other banks have done. David it is all straight ahead on bloomberg best. David hello and welcome, im david gura. This is bloomberg best, your weekly update of important Business News, analysis and interviews from Bloomberg Television around the world. Lets begin with a day by day look at the top headlines. On monday, the results of at snap election in japan delivered a boost to the ruling party. Prime minister shinzo abes gamble on an early election has paid off. It may have won him a chance to lead japan through 2021. He comes out of this with a presumably stronger mandate. What does that mean for abenomics . Guest it was really a victory based on one crumbling opposition, but also a referendum on abenomics. We have had six straight quarters of Economic Growth employment below 3 . , the stock market this up in up in area
Roundtable with tomand trend locked together. Daschle and trent lott. Jonathan very quickly, a big print in the eurozone, core inflation a fouryear high. , up. 6 . Gh on the euro treasuries on offer at the margin. Of the Market Action. Lets get you up to speed on the top stories. Here is emma chandra. Emma President Trump warned there could be a major conflict with north korea if diplomacy fails, telling reuters the u. S. Would love to solve the issue peacefully, but said it is very difficult. At the United Nations Security Council today, secretary tillerson will try to showed north korea the world is against it. In france, the president ial election is a week from sunday. At a rally and nice, Marine Le Pen did not mention her plan to pull out of the euro, but said macron lacked french fry use. Tell thes are ready to u. K. They are united when it comes to brexit. There will be a summit in brussels to discuss the uks departure from the block. They will warned the u. K. Against trying to
Tracy this is the best of Bloomberg Markets middle east. That could lead to inclusion and some of the worlds biggest stock indexes, potentially tracking billions of dollars to its traded companies. They noted a number of positive market reforms in saudi arabia, including changes to Foreign Ownership limits. Heres more from robert and sorry from robert ansari. We generally say the average of between three and four years. The most recent inclusion of pakistan was done in a year. If we take that most rigid example most recent example, that would be a year. Tracy is that what we mean by fasttrack inclusion . One year . They never reclassified a market quicker than a year. Thats not to say it cant be done quicker than a year. Course, saudi arabia could potentially get 2. 4 weighting in the index. We also got the announcement about china, and it was a slightly bigger waiting than we had expected. What will impact the final decision, and which saudi stocks are included, or is it already a giv
Positive as youll see right there, but not too much. Although uk actually having a fairly good morning. Japan not so much. Problems toshiba certainly weighing on that market. As for our tenyear note yield this morning in crude oil, which we always like to show you, 2. 556, and wti up ever so slightly. David, our road map for the hour begins with the dow on the edge of market history again. Futures higher. Will today be the day . Plus, some new Holiday Spending data suggesting a late december boost. Wall streets top picks going into 2017. And amazon crowned ever cores top internet pick. Did the company do enough to win christmas though . But first up, the trump rally, thats what we call it now, and the march to dow 20,000. That continues for yet another day. Futures as you just saw are higher, certainly would indicate we will be close at the open. The dow aiming for its eighth straight week of gains. And, well, what else, of course another tweet on the markets from president elect donal