The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
Tion . Function,s your another leg lower on the tobacco news, driving down b. A. T. And imperial brands. Look at the currencies, all rising against the dollar in the wake of the gdp data out of the United States with bonds, commodities, and stocks on track for their second weekly decline. The earnings season continues in earnest with shares in adidas jumping as much as 9 , the biggest gain since 2008, passing through three standard deviations. That is what this chart shows. Record high for the shares of adidas, increasing revenue and profit forecasts helped by strong sportswear sales and the brand streamlining that includes the disposal of its ccm hockey business and benefiting from booming demand for retro shoes and a steady stream of new models. The major bread a hot commodity in the United States, helping to regain ground, it had earlier loss to nike and capitalizing on a growing middle class in china which is adopting a more active lifestyle and Strong Demand for more fashionable s
This falls on the heels of other cosmic numbers around the globe. On the manufacturing friend throughout the day, december ism Manufacturing Index rising at the fastest pace in two years at the 54. 7. That prices paid gauge i mentioned is that the highest since june 2011. We have been seeing stocks climb this morning because of the manufacturing numbers from around the globe, in particular out of china. 19,891 on the at dow, so short of 20,000 but we continue to watch for that level into the new year. Chesapeake getting. 75 of 1 and the numbers around the globe on manufacturing, take a look at the bloomberg. A look at the chart globally. At 54. 7, the purple line is the eurozone number, also showing strength in the chinese official pmi is predicted to kick up by a couple of different measures. Lending to some of the gains we are seeing in stocks around the globe. Also, we have been watching what is going on the commodity groups, specifically with oil prices as we do have these opec cut
Erik new reports see Political Risk everywhere in 2017. Experts assess the hotspots. We are seeing the forces of gradual slow motion integration. When way the chinese could retaliate is going after American Companies. Erik ceos talk tech at the Consumer Electronics show. This is a year of dramatic change in industry structure. We have gone from Company Consolidation to industry consolidation. Erik that is all head on bloomberg best. Erik hello and welcome. I am erik schatzker. This is bloomberg best. Your weekly review of Business News and television from around the world. The week began quietly with most Global Markets closed for the new years holiday. The calm was disrupted on tuesday by a donald trump tweet. Donald trump criticized the automaker for building a plant in mexico. He said, make it in usa or pay a big border tax. Gm was not the only company under the gun should ford also canceled plans to build a plant in mexico. Give us an idea of how global the manufacturing apparatus
Erik new reports see Political Risk everywhere in 2017. Experts assess the hotspots. We are seeing the forces of gradual slow motion integration. When way the chinese could retaliate is going after American Companies. Erik ceos talk tech at the Consumer Electronics show. This is a year of dramatic change in industry structure. We have gone from Company Consolidation to industry consolidation. Erik that is all head on bloomberg best. Erik hello and welcome. I am erik schatzker. This is bloomberg best. Your weekly review of Business News and television from around the world. The week began quietly with most Global Markets closed for the new years holiday. The calm was disrupted on tuesday by a donald trump tweet. Donald trump criticized the automaker for building a plant in mexico. He said, make it in usa or pay a big border tax. Gm was not the only company under the gun should ford also canceled plans to build a plant in mexico. Give us an idea of how global the manufacturing apparatus