It is 5 a. M. In london, midday in hong kong. Good morning. I manus cranny. And im Tracy Alloway. Welcome to Bloomberg Markets middle east. We have a couple things for you. Bonds, the rush in global stocks out at 1. 3 billion, wants also a billion dollars, this is the one week return of the s p 500, up nearly 4 . The one thing that it sounds like to me, 16 billion dollars of fresh cash went into equities, the biggest inflows in 14 months. It depends who your rate. Citigroup says get used to the trump rotation and their strategists have gone from overweight to underweight equities. Thebondholders tracy bondholders finally vindicated, right . If you believe in trumps America First policies, this is one way it is playing out in the market. If you look at the many futures versus theures equivalent contract in the s p 500, you can see the diverges. Emerging market futures cannot quite catch a bid. If you believe donald trump is going to put America First, this is how it plays out in markets
Worrisome development for the oil market. New discoveries of oil at their lowest level in 70 years and explorers are slashing their budgets. Does this mean a supply shortfall is coming . Markets close in about two hours. U. S. Majors are strayeding solidly in the red right now. We see the dow down about half a percent. E s p 500 down about 3 10 of a percent. The nasdaq down as well. We go to the nasdaq in manhattan. Hi there, david. You do have the nasdaq trading down. In fact, just hitting near session lows moments ago, starting to recover. Well see how the next two hours do play out. As for what is dragging today, the worst percentage performer is g3 an apparel and accessory maker. The stock is plunging after the company just had a horrible second quarter. They also guided down, as for the miss in the second quarter, they missed Sales Estimates by 9 . They guided Third Quarter earnings below the street by as much as 28 . Some investors are probably not too surprised. Theres a Short I
Those words were the german chancellors rally call to confront an unprecedented refugee crisis. One year later, we ask didnt chancellor make history by making a big mistake . Im brent goff. Good to have you with us. A political earthquake in brazil that most protected would come. Senators in the country have voted to remove the president from office. They voted 6120 in favor of sacking Dilma Rousseff who has been suspended since may. They found she had illegally manipulated government budgets during her 2014 reelection campaign. Rousseff denounced the charges, saying the impeachmeme trial amounted to a coup. The Vice President has been sworn in to serve out the rest of the term. Im joined now by the brazilian author regarded around the world as one of brazils most insightful voices. Good to have you with us on the show tonight. How did you feel when you saw what happened today in the Senate Chambers when the results were announced . Guest it is a bitter disappointment to everyone in my
First, the Syrian Opposition has been presenting its plan for peace at a meeting in london. The high negotiations committee, which is backed by Saudi Arabian western powers is calling for the creation of a Transitional Government to run syria for 18 months before elections can take place. President assad would be required to step down. The groups leader and former syrian Prime Minister says assads departure is not deposheable. Russians and americans agree fontenot is differ, then we will not accept it. Well not accept assad, not for six months, or a day or even one minute in this transitional period. The russians and americans know this. This is the position of the syrian people. Yet more accusations of Chemical Attacks by Syrian Regime forces. Opposition activists say bombs loaded with chlorine were dropped on a neighborhood in aleppo. Several people are being treated for breathing difficulties. Here is the story. When rescue workers arrived in the neighborhood of aleppo, smelled chlo
One year later, we ask didnt chancellor make history by making a big mistake . Im brent goff. Good to have you with us. A political earthquake in brazil that most protected would come. Senators in the country have voted to remove the president from office. They voted 6120 in favor of sacking Dilma Rousseff who has been suspended since may. They found she had illegally manipulated government budgets during her 2014 reelection campaign. Rousseff denounced the charges, saying the impeachment trial amounted to a coup. The Vice President has been sworn in to serve out the rest of the term. Im joined now by the brazilian author regarded around the world as one of brazils most insightful voices. Good to have you with us on the show tonight. How did you feel when you saw what happened today in the Senate Chambers when the results were announced . Guest it is a bitter disappointment to everyone in my generation. We waited so long for democracy to come back in 1985 and we fought hard for that. I