These letters are going to set from wall street. Turning season kicks off with the biggest banks in the spotlight. Numbers we saw this morning in fixed income are staggering. Top executives from health care and Drug Companies spot key issues facing their industry. Bio similars are an important part of the health care system. Technology is an enabler of innovation, accelerator of innovation. We are trying to bring down outofpocket costs for consumers. Even as equities climb to alltime highs, howard marks thinks it is not a great moment to be in the market. The odds are not in my opinion in the investors favor. It is all straight ahead on bloomberg best. Hello and welcome. I am juliette saly. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. As the week began, tensions remained high in the middle east with irans government feeling the heat from t
Negotiations with china. Mixed Economic Data as Consumer Confidence falls, but Housing Market remains mostly steady and disney rallying on two positive notes, which has helped them propel the dow higher. We are on record high watch once again for the major indices. Joining us for the hour, Barbara Duran from bd8 capital partners. Barbara, how do you feel as we sit at these record highs. Can we hold this momentum through the rest of the year i actually think we can normally, ive been very skeptical. I really thought we would just be in a trading range and unlikely to see new highs. But i think weve got one or two new highs left and its not just optimism over the china trade partially being resolved i think its also, unlike last year where people were rushing for the exits, i think this year, theyre rushing to get in, because youve got the performance issue. The market is up so strongly and i would suspect most active managers are underperforming here barbara is with us for the full firs
Next, a Senate Committee ooking at Affordable Housing and safety concerns. One of the issues deals with onsider car upon monoxide ctors in all in alln monoxide readers Affordable Housings. To his hearing will come order. Today the committee will receive testimony from leaders in the community on bipartisan opportunities, to expand access to fter for theable housing improve the safety conditions within current federally assisted housing, and to we might better target some of our existing Housing Resources to meet unaddressed needs. Welcome to our witnesses, and thank you for being here and be with us on discussion. Nt join us today are ivory mathews, director of tive the Housing Authority of columbia, South Carolina, mark yost, president and chief executive officer of the skyline champion corporation, and peggy bailey, Vice President for policy at the budget. Hearing ses of todays were focused on examining three bipartisan pieces of in particular that have been introduced in the congres
Housing units. Senator mike crapo of idaho chairs the banking, housing and urban affairs committee. This hearing will come to order. Today, the committee will receive testimony from leaders in the Housing Community on bipartisan opportunities this congress to expand access to Affordable Housing, to improve the safety conditions within current federallyassisted housing, and to consider how we might better target some of our existing Housing Resources to meet unaddressed need. Welcome to our witnesses, and thank you for taking the time to be with us today for this important discussion. Joining us today are ivory mathews, interim executive director of the Housing Authority of columbia, South Carolina; mark yost, president and chief executive officer of the skyline champion corporation; and peggy bailey, Vice President for housing policy at the center on budget and policy priorities. For purposes of todays hearing, we are focused on examining three bipartisan pieces of legislation in parti
Company could run out of cash next month. The week that was from the tech in the crosshairs from hong kongs prodemocracy demonstrations. Now visa, mastercard all valley got from facebooks cryptocurrency group. First, our top story. There has been a breakthrough in u. S. China trade talks. On friday, President Trump said we have come to a substantial phase one deal. Hes not part of the discussions, but what is not part is huawei. I want to bring in sarah mcgregor. What, talk to me broadly, did we learn about phase one of the deal today . Sarah what we do know about this deal which trump describes as substantial and a lot of people are parsing through the details the see if that is the case. Row we know is the Trump Administration has said they have reached agreement with intellectual property issues. There is a currency pact inside the agreement. There is going to be agricultural purchases, up to 30 billion from china over the next couple of years. Just a few of the aspects of it. This