Are on this planet, you you can watch this fight. Francine good morning. This is bloomberg surveillance. We are getting breaking news out of germany. The Current Assessment for ifo, 1. 2416. This is the latest figure we got. We will bring you any breaking news. We will be speaking to the president of the ifo institute. In the meantime, this is the picture i am looking at on your asset markets. We are seeing a little bit of pause. A lot of currencies, a lot of stocks are drifting a little bit before janet yellen take to the states. Conviction inuch a lot of these european stock trading. This is what we are seeing overall. The euro falling. There was a little bit more Decisive Action in commodities where most Raw Materials climbed. 48 below 40. Thats get straight to the bloomberg first word news. Convictedlee has been of bribery, perjury, and embezzlement and sentenced to five years in prison. He was found guilty of conspiring. He says he will appeal the verdict. Hurricane harvey has str
President elect donald trump begins a new political era with a visit to the white house. Ast comes a little later on the republican meets with president obama to discuss the transition. Washington, wall street, and investors watch. Republicans moved to claim a mandate for their agenda of deregulating the Financial Sector and replacing obamacare. As we break down the promises and policies of the Trump Presidency, my guests are Sharon Ohalloran, jim rickards, author of a forthcoming book, one of the few guests that actually called the election, and International Reaction from Michael Fuchs a little later on for what this election means for business as we bring you more interviews. All that is coming up. First lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra in the u. S. , thousands of demonstrators took to the streets overnight to protest Donald Trumps election as president. Demonstrations and vigils have taken place in urban areas as well as smaller cities. T
Need to start looking at the implications of a possible brexit. Tom we are going to touch on that. I want to say thank you to all the people who emailed in about the new wants we gave to all the data checks. It is that kind of thursday and friday. Francine it all goes back to negative rates and the limits of Monetary Policy. Lets get to the bloomberg first word news. President obama made it official. He has formally endorsed Hillary Clinton to succeed him in the white house. Nbcsinterview on tonight show, he spoke. The main role on going to be playing in this process is to remind the American People that this is a serious job. This is not reality tv. Ive seen the decisions that have to be made and the work that has to be done. President obama will campaign with Hillary Clinton next week. Teams hunting for the missing malaysia airliner will inspect debris. Debris may be spread out over 6200 miles. That plane disappeared more than two years ago. Brexit wouldays a rock european stocks. Eu
A big move on yen and we are watching the fed. Tom i am most focused on Deutsche Bank. Dropping. Ank was job it is just not happening. Francine that was pretty much expected and when you talk about not happening, you have to look thehe stress tests for European Companies and unicredit may be about to make some big announcements. It is now official, the democrats made history at their convention in philadelphia. Hillary clinton is the first woman nominated for president in a u. S. Party. Sanders madam chair, i move that the convention suspend the procedural rules. I move that all votes cast by delegates be reflected in the official record, and i move that Hillary Clinton be selected as the nominee of the Democratic Party for president of the United States. Taylor a few hours later, bill clinton told the convention that his wife has never been satisfied with the status quo and always wanted to move the ball forward. A 265 billions stimulus to prop up the economy. It is unclear how much o
For a market holiday. The hang seng up by a third of a percentage point. The shanghai up bay hay a half percent. The kospi up. In europe, in early trading. Green arrows there. Much bigger adavans than here. This is playing catch up and then some. The dax up 1. 9 . The cac up by 1. 8 . The ftse up 1 . Crude oil having its best day in two weeks yesterday. It was up nearly 3 at 45. 34. This morning up 1 to 45. 79. Big question around whether opec can pull anything off with this meeting they have next week or whether this is nor jawboning. Well continue to watch this. Lets get you through some big top stories. Weekly jobless claims come out at 8 30 eastern time. Filings are expected to hold steady at 260,000. Then at 10 00 a. M. , august existing home sales which are forecast to have risen more than 1 . Yahoo reportedly expected to confirm a massive data breach exposing millions of User Accounts. Re code saying the breach was widespread and serious. The data allegedly includes user names,