President trump signaling he is ready for a long political battle. Host hong kong drops its bid for the lse. It is too challenging of a deal to pull off. The brexit outlook remains murky at best. We are nimble. That is not a good thing. Host they discussed the british divorce from europe. If i am right, the u. K. Will come back and rejoin the european union. Host jay powell says the fed is planning to expand its Balance Sheet. And an exclusive conversation with Robert Kaplan shedding more light on Monetary Policy. This cutting we are doing should be limited, restrained, and modest. Host it is all straight ahead on bloomberg best. Host hello and welcome, i am nejra cehic and this is bloomberg best. Your weekly review of the most important Business News, analysis and interviews around the world. Let us start with a day by day look at the top headlines. With the u. S. And china set to talk trade in washington this week, investors were optimistic there would be progress towards a deal. But
Kong reels from a violent day of protest. Police fire water cannon, tear gas, and rubber bullets as Chinas National Day approaches. Shery lets get you started with how mark how markets are trading. U. S. Futures higher by. 5 . Ons coming after the s p 500 one point on friday fell below the 50 day moving average. Bounced back. Still ended the session down. 5 . We had some traded concerns with a bloomberg report that the u. S. Might be considering restricting those portfolio flows into china. Trade sensitive sectors were hit. The nasdaq. Lost more than 1 we also have oil moving, or seeing its biggest weekly loss since july. Now we are seeing wti starts higher at by a tens of 1 . 56 a barrel. Lets see how we are setting up in asia. Sophie futures are hinting at a cautious session potentially on a busy final trading day of september. The offshore yuan recovering a touch after slipping to a three week low on friday on the u. S. Report falling options. Board ahead of the visit to the u. S. A
A new trade agreement with a night of states this week one that notably did not address u. S. President donald trump past complaints about a legit unfairness in terms of u. S. Japan trade on cars and auto parts the decision to accept some modest incremental progress for now leaves the auto issue to perhaps be revived in the future depending on the increasingly impulsive u. S. President here to situate that news and. The world is the car coach lauren fix welcome back lauren 1st thank you and yeah 1st on this many deal on trade thats sort of sets aside the 2 issues the japanese Prime Minister says the President Trump assured him that he will not carry out the threat to impose 25 percent tariffs on japanese exports to the u. S. But with mr trump becoming increasingly erratic you have to wonder how much that pledge is worth is this deal just pushing off a fight until later what is the new status quo on ottos between the u. S. And japan and how long will it hold. Well i think what were look
Oneonone conversations and Panel Discussions examining problems that threaten prosperity and exploit pollution. It is 100 clear to us that the cost of inaction is higher than the cost of action. The rules are clear, we will follow them clear. I was running out to address Climate Change. It is right to hold our feet to the fire. It is straight ahead on bloomberg best. Doolittle,ail welcome to a special edition of bloomberg best,with highlights from the 2019 Global Business forum. It brings together the worlds most influential leaders in business and government to address the most pressing global challenges and explore opportunities for solutions. The theme of this years conference was restoring global stability. The Prime Minister of india delivered the keynote address and joined michael bloomberg, founder of bloomberg lp and bloombergs lanter b, onstage for a conversation bloomberg philanthropy, onstage for a conversation. We believe the earth is our mother, and we dont have the right
Trade war with china. We work snow show. We will review the week in tech. But first to our top story, the Trump Administration is weighing a new weapon in the trade war with china. Bloomberg says officials are discussing ways to limit portfolio flows into china. A move that could include delisting Major Chinese Companies Like alibaba from u. S. Exchanges. The move could impact of billions in the markets and the nasdaq s p 500 and dow were all in the red following the report. Joining us to discuss in los angeles is bloombergs sarah is whos been covering the trade war. Sarah, what is the goal of u. S. Policymakers here . Are they trying to punish or just protect u. S. Investors . Sarah its interesting that with the trade war this is not meant to be provocative or to push china into the corner and remind them of the leverage the u. S. Has. That said, this capital, these talks in the capital restrictions on china are not part of the trade talks and theyre trying to keep them separate. I th