For continuity or change. , i am to daybreak asia haidi lun here in sydney. Betty i am betty liu in new york. Talking about Hurricane Harvey Recovery Efforts and now we are focused on Hurricane Irma and how the markets are looking at this. 108. Nt to pull up a chart, 4 benchmark catastrophe bond index, which shows you how much these bonds have fallen in the face of these hurricanes and storms. Matthew,ee hurricane the big decline we saw in that. In 2012, this is hurricane they, which devastated northeast region. I remember vividly being out of power for over a week. This on the right sound right hand side is Hurricane Harvey so far. Milder than the catastrophes of the other storms. However, many are saying that Hurricane Irma could be just as bad, maybe even worse than what we saw back here in 2012. Think you dont want to about it that way, but barclays said it could be the most expensive storm in u. S. History. You can see that price action playing out in with orange juice futures, su
Hello, and welcome to daybreak asia. I am haidi lun in sydney. Betty i am betty lou at Global Headquarters in new york. We are talking about the aftermath of the ecb meeting. But really, we are looking ahead to this weekend. I want to bring this function. It shows you the path of Hurricane Irma, which is expected to make landfall sunday afternoon. You can see it will hit miami at 2 09 p. M. As a category four hurricane. This has been a fascinating story, six months in and making, owing to the el nino affect. After Hurricane Irma we have hurricane jose. Looks like there will be no relief for the storm. That reflected market sentiment. Lets pull up how the market closed, jitters among investors. Even see the dow off by 20 three points. The s p and nasdaq unchanged right now. When it comes to asia, a mixed picture. Were looking at positivity in early trading. New zealand, look at how we are shaping up, the nzx 50 up by 2 10 of 1 . The kiwi dollar at. 7231. It was the worst performer out o
Thank you for joining matt and i are it is great for you to join us. He decided to do this. Titan you decided to do this en it up. Ight phone. Good to be on the i think we need to start one madeaack and understand nordea a. Footprint andic with the size we have, we have felt the only way to develop the bank forward is to be in a Regulatory Environment or regime where we have correct ability, stability and level Playing Field. And that is what the banking gives us. They are some savings that we have highlighted on resolution fees and alike. There may be a capital impact which we are not speculate yet because i think it is too early but i think the key has been the one i mentioned it would want to be in the environment and. Reating nordea we have one way of creating. Factor. Been the driving manus that has been the driving factor. Everybody is writing their notes that you have broken this newest. They are talking about your capital and the propensity for dividends. I want to push you mor
Regulation had choked off the bitcoin rally, the backocurrency has roared to life. I am haidi lun, coming to you hear from singapore. Betty i am betty liu from bloombergs Global Headquarters in new york. One day, bitcoin is dead, the next day, it is back to life. Make up your mind here on bitcoin. No recession at all when you look at the u. S. Equity markets. Let us will the boards here. Record run here, a. 5 years into the bull market, the sp hovering above that level. The dow higher by 63 points. The nasdaq gaining. 1 . As investors, the fed meeting on wednesday, and janet yellen this time, talking about quantitative tightening, right . Rolling back on the Balance Sheet. Haidi it is this idea that a quantitative easing has given birth to his 8. 5 year bull market as you say, it seems a little illogical or concerning that the market seems to see quite a bit of tightening. It is not going to have much of a negative impact. The big question going into the trading week was can the bulls
Trump to not reappoint the fed chair. They are expected to meet today. Anna a warm welcome. Im anna edwards. Outlook 2017he sales, thirdonth quarter cells coming in at 13. 1 billion, roger with the 1. 4 billion the analysts had penciled in. The real question going into the numbers as to what extent can be success in newer multiple sclerosis meds offset cancer drugs . They are relying on new drugs to drive growth as the biggest medicines that have been treating cancer. We got diagnostic sales and other areas of the business being broken out here. Said it wouldy show a rise by midsingledigit percentages. Manus thats good to sap and their numbers. Revenue diet from sap, will be 23 point 4 billion to three 23. 8 billion. Lowerentally a little bit , 23 point or23. 8, the original guidance was 23 and three. New guidance for them. Sales outlook, strong business software, and what theyre trying to do is be focus come getting customers to focus come getting customers to of eight their sap. They