We have somebody here who can give us icnsight into all of tha dow futures look to be down 35 points part of what happened in the market was because of tenyear yields topping 2. 96 right now the tenyear is at 2. 926 the 2year at 2. 2 26 . In asia, the nikkei off by 1 . Shanghai is up about 2 . In europe, the early trading there, the stock markets there are mostly in the red. Dax is off by 0. 8 ftse is down by almost 1 . Barclays shares are up sharply despite the uk Bank Reporting a big drop in 2017 profits. Barclays says it lost 2 2. 7 billion once again why would that happen . Yep. They its accounting for the u. S. Tax overhaul. But also a weaker dollar there were some bright spots Barclays Says its pretax profits rose 10 customer deposits were up and its doubling its didividend. Jeff staley says he is optimistic about the future. There are a number of tailwinds. During the next year and half we will be retiring a lot of debt Interest Rates are in a much better position than they were
Bell. Our road map begins with trump policy reset. Whos who of ceos head i by Steve Schwartzman returning to the white house with Infrastructure Spending and tax reform topping the agenda. United doubles down after dragging a passenger off an air flight. The can. Is facing a big pr bash backlash. Pricing Political Risk, Rex Tillerson makes his first diplomatic visit to russia. All in attendance for a strategic and policy meeting with the president and senior ple members of the administration. President trump will make remarks which well get later on this morning, well see about arrivals and departures, whether or not we can talk to them once on one. Infrastructure, tax policy, going to have a business will have a seat at that table. This is heavyweight group. I hope Doug Mcmillan talks about the notion of technology and what it means for walmart and the border tax means. The reason because walmart hired, huge employer now were talking about the big. Biggest employees over 2 million emp
Chains are struggling, many customers are coming in for the meat. It is Market Makers here on Bloomberg Television. I am Erik Schatzker. Stephanie i am stephanie ruhle, and im glad we are starting today coming in with the meat. Coming in with the meat . Erik coming in for the meat. Stephanie you know what we need now, a bulletin. Erik abbvie has won the battle for pharmacyclics and will buy the company. It makes a blockbuster blood Cancer Treatment that cost 100,000 a year and has been approved for four blood cancer uses. Johnson johnson had been on the verge of buying pharmacyclics. The European Central bank is releasing details of its stimulus program. At a News Conference in cyprus, ecb president mario draghi says that the sovereign Bond Purchase Program will start next monday. Ecb will be buying 60 billion euros a month of assets through september. 16. This is all part of a plan to invert deflation in the euro zone. The ecb wants to get inflation back up near 2 . China has since se
Medium while producing an album at the same time. Erik good morning everybody. You are watching Market Makers. We begin this hour with some of the top stories you need to keep track of. It could be a 40 billion pharma deal. Teva opted to buy mylan but right now it is just an offer. To propose accommodation of cash and stock valued at 40 billion. A 23 increase to mylans close last week. Mylan took the unusual step of publicly rejecting teva before it made an offer. It recently made an unsolicited 29 billion bid for parago. People familiar with the matter of greece say the ecb may reduce the amount that could be borrowed for collateral. This is happening while europe waits to see greece will agree to a new package of Economic Reforms in return for more bill money. In an interview with bloomberg one says no one is optimistic about greece right now. We have to be totally realistic. It all depends on the maturing of the position of the greek government understanding that in any case if it w
This is real money and you are the most important of the show and join in on the conversation on twitter and facebook. President obama met with the counter parts from canada and mexico on wednesday and on the agenda Immigration Reform. 13 of the total population and 11 of those are undocumented and half of those 11 million are thoughted to have come from or through mexico and the debate is broken down into two camps, giving a legal status and others prefer to ship out and agreement is on tightening the borders alodge mexico and the ob sex is detracting from the economics of immigration and much of the Agricultural Industry relies on the mie grant workers and without them the price of the food going up. Highly educates and highly skilled immigrants and foreign workers. 819,000 foreign students studied in the United States, that is 3. 9 of the total student population. But current immigration rules put restrictions on those trying to stay on and work in the country. Many of the firms are