Answer. Its time this generation realized there is no planet b. Some of them wont succeed. All straight ahead on bloomberg next. Hello and welcome. On this vision of bloomberg best, highlights from the Bloomberg New Economy Forum. Global leaders gather in beijing. Ideas, examined opportunities, and addressed challenges facing society at a critical moment of economic transition. On the agenda, issues including trade, technology, climate, urbanization and more. Theas Vice President set tone in his keynote speech. He warned against protectionism. Pursuehould cooperatively in sustainable security and reject zerosum games and cold war mentality. Viviana some of the worlds most influential people in banking and finance share their thoughts on the Global Economy and capital markets. Lets start with Goldman Sachs ceo david solomon. Of the big issues were anything about Economic Growth in the medium and long term is the u. S. And china finding a way to coexist more productively economically. Th
He weighs in on the trade war but says the group is extremely wellpositioned despite the risk. If we are not forced to do deals, we have a good strategy. Years, wehe latch you are wellpositioned to capture organic opportunities. Of course, if we have an opportunity to evaluate nonorganic options, we will, but it is not something we are forced to do. Nejra defense undercut. Gordon sondland says President Trump demanded a quid pro quo from ukraines new president as he implicates senior officials in the administration. Welcome to bloomberg daybreak europe. Breaking numbers coming through on the bloomberg. The event headlined is that is proposing suspending his 20182019 dividend. That is the main thing to look at. Fullyear adjusted ebitda comes in at 802 million euros. A little soft on the fullyear adjusted two number. 42 billionevenue at euros. Estimate, 41. 6. That comes in slightly better than expected. The strategy was key for investors as the industrial giant reports these numbers tod
Wall street is set to join that Global Equity selloff at the open plus, th juan falling to a more than ten year low versus the dollar China Central bank denying it is devaluing its currency shares of apple, theyre down, like everything else, or more, ahead of the opening bell. Which trumps tariff threats could mean for that technology giant. And potentially for the costs of the iphone we start, though, with the Broader Market stocks under pressure around the globe as u. S. China trade tensions escalate. Chinas yuan, which has now breached the 7 level for First Time Since 2008 is certainly a focus this morning in response to that move, the president tweeted this morning, quote, china trdropped the pric of their currency, called currency manipulation, are you listening Federal Reserve, this is a major violation which will greatly weaken china over time so, jim, were back in the concerns about china, of course, this following the decision last week by the president to put 10 tariffs on th
Which is how you get to the dow today where it lost 129 points, 5. 3 of the nasdaq nose dive 1 . But the first two weeks of earnings season things were pretty straightforward sure this economy might be slowing down, but the consumer was doing so great backed by a strong job market, higher stock prices and i have to tell you, it was offsetting any industrial weakness hallelujah. This week its a totally different story. The markets no longer on its meds while twothirds of our economy is consumer oriented indeed, the other third has gotten so bad so fast its crying out for some kind of government intervention. Thats what caused todays weakness because the nonconsumer economy is plain worrisome. Tonight were speaking to electric power thats the largest Transmission Power Company in the whole country. If youre trying to get a read on the economy, theres Nothing Better than getting the power datd a it took my breath away when they said the biggest economic head wind we have at this point is
Minute in the studio ilya fedorovtsev. Hello. Vladimir putin today held a working meeting with Sergei Sobyanin in the kremlin; the mayor of moscow told the president about the socioeconomic situation in the capital, including the development of transport infrastructure. Among the Landmark Projects are the large ring metro line, which was launched a year ago, and the moscow highspeed diameter. Sergei sobyanin also spoke about the record growth in pharmaceutical production, electronics and Automotive Industry in moscow. Nakhit bobaev in more detail i must report to you, vladimirich, despite the actions of enemies, all kinds of sanctions, we have more friends, i dont know about others, but everything is going very well for us. This phrase, spoken by Sergei Sobyanin to the president at the beginning of the report, is like an announcement of the entire conversation. The threats that they are trying to create for us are not empty, and we must keep this in mind. An absolute record in th