We are seeing a balance for the s p 500. Starting at 200 and moving on. Up. 4 . Are down 1 ing right now, another setback for boeing, its star liner heading to the iss did not make it. Boeing has put out a statement saying it was the wrong Mission Timer installed and it is unclear. They are looking at sending another unmanned crew into orbit, but not sure if they will yet. Another setback for boeing and that stock is down today. It is worth noting the brazil regulator has given the goahead for the boeing merger in january. That is one Silver Lining to todays news for boeing. Ae british pound is up quarter of a percent on this friday session. The ftse 100 up a tent and germany is rebounding up. 6 . We began in the u. K. , where the were Andrew Bailey will succeed mark carney of the bank of england. We are joined by David Goodman from london. Names have a lot of leading up to this decision, including likes bailey. Why was he best suited for the role . David bailey has been the favorite w
The etf industry, big numbers are par for the course. Our analyst Eric Balchunas is used to big numbers. Eric this is no exception. This is the end of the year, the last show, so normally go over weekly. You today numbers are big. 324 billion. That is the second biggest year of etf flows ever. 7 organic growth. Lets look at the top leaderboard of the year. Bti broad market. 31 , that is the best return for the s p since 1997, even though it did not feel like that. Usmv was a shocker. Interesting for smart data. By one basisee point, enough to win this internal the battle. That is the hangover from 2018 and rates falling. Take a look at the Asset Classes. January to october, equities not that big. 40 of their flows in the past two months. Fixed income, look at that drop off. Gold as well. Look at their growth this year. A little below average but 18 look at their growth this year. Fixed, way above last year. Lets look at the leaderboard in terms of the issuers who won and lost. For the
The starliner was abandoned. Several things went wrong. It is ferguson told us hard to get autonomous spaceflight right. And may have been better if there was someone in the starliner. Wti down 1. 7 . We were talking to dan denning about that. You can have a look at tv on your bloomberg. Let us get to the european markets. A balance in equity. Carnival is up 7 . Loreal is the best performer. Thosey the ring off claims from carmakers and industrials. It is up. The british pound is sitting in the last bit of rally on this friday. 1. 30. At thecurrent head of Financial Conduct Authority has been picked to succeed mark carney. When we launch this process, we said we were looking for a leader of international standing. Monetary, and at regulatory policy. Andrew bailey we have found that. Lucye joining me is nagin. What do we know about andrew baileys tendency in Monetary Policy . We dont know much. Although we know a huge amount about history and he has been at the bank of england a long ti
Guy johnson in london. Lets get the first word news. China is on a mission to create an Aircraft Carriersized investment bank. They are opening up 45 trillion financial industry would also wants to beef up its own players to go toe to tell giants. At the moment chinas brokers dont have much of an international presence. Adding together the 131 brokers have about as many assets as Goldman Sachs by itself. Germany expects the nord stream 2 two gas pipeline to be delayed but it should be completed in the second half of next year. Costs are rising after sanctions u. S. Sanctions on the project. Of japan and south korea are holding their first formal meeting in 15 months amid a longstanding historical dispute that hit trade in the region. It also had a trilateral meeting between the three. Theyve reached International Cooperation on dealing with north korea. 2019 has been a good year for the superrich. Almostrichest man added 17 billion to his wealth this year. Over 11 billion. , bernard,nn
Thousands of Police Officers stood in a steady range to honor a detective killed last week and what officials are calling a domestic terrorism attack that also left three other civilians dead. Joseph seals, a 40yearold married father of five, was praised as a model officer who helped get guns off the street. He was shot last tuesday in a cemetery about a mile from a kosher market by two attackers who went on to kill three more people at the deli before dying police. Otout with last week, jersey city director of Public Safety james shea called seals the ultimate telltive who will want to young officers that this is how you should behave. Pope francis has abolished the socalled pontifical secret used in clergy sexual abuse cases. Critics have charged the high degree of confidentiality has protected abusers. They say the decision will make coordination with Law Enforcement easier. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and