Do you save this rally or buy into it do you fade this rally or buy into it . Those are the questions throughout the next two hours. For now, it is time for global exchange. We will bring you todays market moving news from all around the world, from shanghai to berlin to london. We begin in shanghai, where president xi jinping address Global Investors for the First Time Since china and the u. S. Resumed trade talks in september. He were a firm set the country would open itself up to trade even further. In order to boost growth at home and create more , chinar Global Growth will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Alix joining me now is bloombergs china correspondent selina wang in shanghai. President trump wasnt specifically mentioned, but it was almost like he was there. A thats right. Im here at the shanghai Second Annual import expo conference. There are thousands of countries here from from alibaba to astrazeneca
Nejra welcome to bloomberg surveillance. Francine lacqua is in helsinki at the nordic business form. First, lets check in on the markets. European equities turning negative of the stoxx 600. The 10 year yield moves lower after jumping ive basis points yesterday. So a little bit of risk off in terms of equities and yield. But the weaker dollar suggests there might still be optimism out there. Conflicting headlines ahead of the trade talks. Francine lacqua is at the Nordic Business Forum. Do not miss her interview with the ceo and founder of zuckerberg media. Thats coming up just after 9 30 a. M. And later, francine will speak to finlands economic minister just after 9 45 a. M. U. K. Time. Lets get first word news. To force kurdish militants away from the region, turkey has launched a military incursion into syria. Four years them and kara for ankara has fought and says it will not allow the kurdish protostate on the border. When asked what President Trump would do if turkey wiped out th
Making money. Charles u. S. China trade talks resuming this week. All eyes on what if anything may come out of these meetings. Stocks were off, the dow off about 150 point. We pared that initially after Economic Advisor larry kudlow made these optimistic comment. Watch. Were opening to a number of ideas. Some pay be short term, some may be long term. It is essential that the structural issues we talked about for two years since ive been around, the ip theft, forced transfers of technology, the cyberspace hacking, espionage, trade tariffs, nontariff barriers, that stuff has got to get solved. Well see what they put on the table and anything is possible. Charles lets lets go to edwad lawrence some exclusive new details from the white house. Edward, your tweet moved this market. Reporter no i dont know about that but there is favorable goodwill felt in the atmosphere right now. Right now the deputy level delegations went back into a meeting. They broke for lunch. They went 30 minutes ago
You guys know better that not nasdaq indicated down and s p anyone doing a secondary in your ipo is unparalleled. Down by one. That is a testament to the investors we brought into the down was down by 180 points ipo that believedin us again we did that a month ago over the yesterday. Every move we see seems to be premium of the price trigger by the moves of these the larger conversation being had about investors i think trade talks. There is a difference here lets look at the treasury this is why i think this is succeeding a, not only are you nailing the market the 10year looks likes it numbers, but, b, because you are yielding 1. 592 . Only for five years and you had to take in crazy amounts of 30year about 2. 1 money prior, right dont you think thats a huge part of this i do. I think we had very strong investors previously when we were a private company in todays environment, if we twoyear trading at 1. 462 needed them to do a 100 insider one Earnings Report of note today, Delta Airl
T america boom bust producer brant job or an r t america correspondent john hardy thank you guys for joining me thank you for the boom bust team for coming out and daniel i want to start mask you actually these big private equity firms like all the global new Media Investment group who are buying up all these local papers all around the country and then slashing and burning them essentially how are they making money off of these scorched earth tactics like why are they even getting involved what whats the prize for them right now its a familiar formula similar to the essentially the same playbook that we saw in the 1980 s. Where people and corporate raiders would find need to stress kompany you know raid it divest it and then just get rid of the body essentially when they were done draining the blood and thats essentially whats happening in a similar way with these newspapers corporate conglomerates like as you mentioned all the acquiring the denver post Gatehouse Media recently acquir