Plans going forward, very confident. Mark he spoke with matt miller Geneva International motor show where v. W. Unveiled a luxury sedan. The former french Prime Minister ays he wont step in to be a replacement candidate for president. The Republican Party primary. He faces pressure to step aside implicated in a corruption scandal. Dozens of Republican Party fficials have withdrawn their support. China is expanding efforts to reform the coal industry. Authorities plan to shut smaller dirtier power plants as part of against pollution and industrial overcapacity. Hina is the worlds biggest emitter of fossil fuel pollution. Lobal news 24 hours a day, powered by more than 2,600 journalists and analysts in over countries. Im mark crumpton. This is bloomberg. Scarlet live from bloomberg headquarters in new york. Im scarlet fu. Joe weisenhall. 30 minutes from the close of trading here in the u. S. The question is, what did you miss . Newlet is the president s irective, trump signing a skilledb
Companies into the kingdom. Welcome to Bloomberg Markets. David china closer now. Have a look at this chart. Talk has been reflation trice reflect reflation priced in. Your candidates to bring the u. S. Yields, the top panel of the s p 500. Japan, thel is second most obvious candidate because of the implications of higher yield and dollar10. Guest dollaryen it does not necessarily benefit Global Equities equally. Yet the thing i want to point out before is that the relation has started to come down for the u. S. And japan. It is starting to come back in. Investors have been waiting for correlation to start coming down. That stick a look at what is happening in the middle east where it is two hours away from the opening of the emirates market in dubai and other debbie. Other debbie. 1. 22 . Oint sent dubai closed up, up. 58 . Led by a bunch of movers. Sent er three points 3 . The markets in the uae are a life with the sound of acquisition talk. A lot of movers off the back of that. The
Donald trump calling for an investigation into chinas import taxes just moments ago on cnbc. Also, Bernie Sanders saying hes proud Goldman Sachs thinks hes dangerous for wall street. And what jack dorsey says about investors lack of confidence in squares stock right now and why hes not worried about the short sellers. But well start with the markets. We mentioned draghi expanding their qe program to 80 billion euros a month, consulting the refi rate, cutting the marginal lending rate, the deposit rate, adding, jim that risks to growth remain on the down side and trimming their gdp forecast. What can i say, hes got the Bank Stocks Going i mean, if they wanted to, they could issue equity. We all know that worked here. The liquidity hes throwing at this is amazing. This guy, sum total, dollar going higher. So, i know everyones very excited. I know our futures are up big. When will people realize that these are not necessarily positive for us . Now, i had a ceo on last night, europe was ve
Our road map begins with with jack lew speaking out about trouble in china. Shares in Morgan Stanley sinking on its earnings. Is there more pain to come. And first up, the major indices coming off three straight week of gains. S p up almost 6 since the beginning of the honesmonth. Chinas slowest growth since 2009. Still above consensus. And then jack lew addressed chinese currency valuations earlier this morning on squawk box. I think you have to make sure that china understands that its very important that they keep their commitment to let the rnb go up as well as down and the snapshot today is not the test. Lew also talked about the debt limit, warned us about some accidents coming on that perhaps. And then on the china data, we also got Industrial Production six month low, retail sales maybe a little bit better than expected. I continue to think that domestically china is a little bit better. There was a lot of good commentary on the honeywell call on friday. An otherwise just not a
European markets may give a sense for us as to what we can expect. Kind of a mixed bag with france down the most. A half percent there. Tenyear note, crude oil all important. The yield up since last weeks employment number and crude is a key. Jim and i will discuss that through the show this morning with wti. Holding steady, if you will, above 40 at least by 75 cents. Lets get to our road map. It starts with that terror in france. Updates from across europe and the middle east. President obama and french president Francois Hollande both set to speak this morning. Plus how the markets are reacting. Futures were down triple digits but as you saw theyre recovering as we approach the open. We have a deal for starwood, creating the Worlds Largest hotel company. Marriott buying it for about 12 billion in cash and stock. Ill give you the background, including what happened to hyatt, which was my story from a few weeks ago. First the world still reeling from the horrific attacks in paris on fr