Its 46 waiting to apple, amazon, microsoft, facebook, and google. We are seeing the worst case fear on the part of investors that if those names go down it will take the market. We are seeing that split between the s p 500 and the nasdaq. Small caps getting a bid, which did not happen yesterday. David speculate with me. How much of this is the real world . We have the big european fiscal bailout approved yesterday. We are talking today about one in the United States. Is it possible this is reacting and stocks would do well if there was a recovery . Abigail i think this has more to do with trading and technicals. When you look at the rotations, there are many rotations going on week after week between the different sectors. It does not fit into one bucket , and lestlogy investors think one week unless investors think one week recovery. Where we have real euphoria is silver, up 60 . Gold lagging behind on the year. Gold is leading. It is not stocks that are getting a huge big rally out o
To Bloomberg Markets, rules and returns. To to doddfrank, we speak to the managers reacting to a new generation of rules. Lets dive into the regulator y framework. I spoke to Andrew Bailey and asked him about the hot topic on. Veryones mind and everyone is doing everything they can to be involved. To be out and about, making sure everyone understands what is needed. Are not finding cases as we might expect of deliberate refusal to help so i am recently comfortable with where we are. There is a lot to be done as we. Ight expect the rules come into effect in january. Our supervision will take over of the markets in the firms. Sure,e done work to make i expect to be taking, we will find things that are better than that are going less welcome firms will tell us about that. Nejra you have artie asked paperwork to be submitted by july 3. You say that many firms have met this deadline. How concerned are you about the ones that havent . At the moment our overall view is we have had a good resp
David i dont consider myself a journalist, nevertheless i nobody else would consider myself a journalist. I began to take on the life of being in interviewer, even though i have a day job. How do you define leadership . What is it that makes somebody tick . Did you always know that you wanted to run fidelity, and did you feel pressure to run it when you were younger . I never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. I was always interested in the business, it was impossible not to learn about it. Between my grandfather and my father, they were both passionate. And they both loved the idea of building a business that focused on taking care of its customers and i always wanted to be involved with it. But of course, when you are young, you do not know where life is going to take you. David your grandfather started the company in 1946. Abigail he began life as a lawyer. The family word is he was frustrated and bore
Welcome to Bloomberg Markets, rules and returns. We delve into regulatory challenges and opportunities around the globe. Well speak to top Market Participants generating rules. Lets dive into the Regulatory Framework here in the u. K. I spoke to Andrew Bailey and asked him about the hot topic on everyones mind and. Everyone is doing everything they can to be involved. To be out and about, making sure everyone understands what is needed. We are not finding cases as we might expect of deliberate refusal to help so i am recently comfortable with where we are. There is a lot to be done as we might expect. The rules come into effect in january. Our supervision will take over of the markets in the firms. We have done work to make sure, i expect to be taking, we will find things that are better than others, things that are going less welcome firms will tell us about that. Nejra you have already asked paperwork to be submitted by july 3. You say that many firms have met this deadline. How conc
Ant financial tech as well. Welcome to Bloomberg Markets, rules and returns. I am nejra cehic and london. Ii toishit mifid doddfrank we speak to the , managers reacting to a new generation of rules. Lets dive into the Regulatory Framework here in the United Kingdom, i spoke to Andrew Bailey and asked him about the hot topic on everyones mind , mifid ii. All, theres a lot of work involved in into it. To be out and about, making sure everyone understands what is needed. Everybody knows what they need to do, and of course putting out the timelines. I have to say, we are not finding cases as you might expect of a liberated refusal to help, so i am really happy with it. Say no liability, what that means is that the rules coming into the effect can generate. Our supervision will take over will if you like. We work with firms to make sure that things are good. I expect to be taken that forward as time revolves. No doubt we will find a very Something Better than others, and we will have to add