Expectations china vowed to retaliate against u. S. Tariffs set to go into effect september 1 were now on track for a higher open lighthizer said its not possible given your past behavior so an awful lot to absorb today. Very interesting that the futures are up exactly the amount they are right now. They issued a very strident set of words toward us at the same time, announced stick l stimulus for hong kong where is what the president said on twitter what happened and without that, i think theyre going to view the olive branch of moving back to december as an illadvised move because the chinese arent playing ball were going to have Chuck Robbins later on this hour the chinese derailed their outlook. Asking them not to bid on business things are getting very, very tense. If we let that dominate the headlines and forget to look at what walmart said today, i think well have a false narrative because of how bad things are. Remember, we are not a big export nation. But yeah, the gloom is pr
Australia. Im haidi stroudwatts in sydney. We are counting down to asias major market opens. Annabelle tech drives the u. S. Stock rebound with the earnings season about to kick into full swing. Bloomberg intelligence sees profits for the magnificent seven rising 38 in the First Quarter. Haidi reports that u. S. Regulators are scrutinizing efforts to prevent potential Money Laundering. Annabelle President Biden commits to deeper security ties with japan and the philippines as the Prime Minister of japan says china poses a threat to global peace. Haidi we do have Employment Data coming out of south korea. 2. 8 , been in line with expectations, picking up from that 2. 6 we saw in february. We are also, of course, counting down to be ok decision date as well. The labor market is likely seeing loosening in recent months. Bloomberg had estimated 2. 8 for the jobless rate to rise. 2. 8 still below the postpandemic average of 3. 3 , which is seen as the rate of employment, so neither inflatio
Julie its another day of records. Its not at a record, even though it is higher. We did have inflation data this morning. Is that why we see the gains here today . Its not entirely clear. We started to date meeting of the Federal Reserve that might lead to an Interest Rate increase. Thats what many Market Participants are expecting. One thing stands out on this graphic area the philadelphia utility index is a link in the session in what is an otherwise in the green. We want to look at the rig movers. We have a couple of big cap movers. Boeing announced an increase in its dividend of 20 . To buy frompgraded neutral. We have more streaming deals in the companys future. On the flipside, we have Iron Mountain down. They announced they were going 1. 3 billionor dollars. Debtso changed the company to negative. Is falling once again. The company said the power commit equipment is in the investigation to the fires in southern california. The department of for street and Fire Protection might b
Scarlet speaking of next year, reporters considered the future of investing. The availability of stocks to choose from to go long or short. Realized whyhave should i pay for an active manager that is not beating the market . Scarlet while investors, ceos, and policymakers share their insights on the here and now. Dealing with the technology shift is much easier than a Business Model shift. Imf or believer in trade. I am a fair believer in trade. Trade is good for both parties. We are beginning to see a return to stable markets. Scarlet it is all straight ahead on bloomberg best. Scarlet hello and welcome. I am scarlet fu. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began with a big step for bitcoin as traders were able to buy and sell futures for the first time on sunday night. Bitcoin has landed on wall street, literally with a bang. Futures on the worlds most popular crypto
Of evidence. The comments come after u. S. Satellites allegedly spotted chinese ships on the lets see around 30 times since october. In liberias National Election commission, expected to release provisional approvals today. More than 2 million voters are the soccer star and the countrys vice president. He led the first round of voting on october 10 but did not get enough votes to win outright. Ellen johnson steps down in january. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Julie live from bloomberg World Headquarters in new york, im julia julie hyman. We are 30 minutes from the close of trading in the u. S. The dollar weakened against most peers. What taxwe are 30 minutes from e of trading in the u. S. Reform could mean for private equity firm, we look at a question of how leon black post and how it could alter the wall street model. Plus, betting against boredom, 2017 going down is the least exciting year