Rosalind protesters keep pushing for concessions in hong kong. The u. K. Parliament takes a stand against a nodeal brexit. Parliament saying clearly we will not take kindly if you try and bypass us. Rosalind ibm and red hat seal one of the biggest tech deals ever. We will help extend their reach into 175 countries. Rosalind plus, kkrs henry mcvey says recession may be coming, but investors should not fear the worst. If i were to quote shakespeare, it is sound and fury signifying nothing. Rosalind it is all straight ahead on bloomberg best. Hello and welcome. I am rosalind chin, and this is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operations in the struggling lenders latest attempt at a turnaround. David a banking bombshell. Deutsche bank announced a fundamental change in its bu
Francine welcome to bloomberg surveillance. These are the markets. The stoxx 600 gaining a touch. The u. S. 10 year yields going to around 2 . Deutsche bank after the massive overhaul gained one point 7 . We did have a little news out of the german Industrial Production data. Bit of gaining a little temper on some of these markets. The market is going toward 2 . Coming up, we heard from the associate general chairman, what he had to say about the fed, ecb, and more. Lets get to the bloomberg first word news. The lira swamping after president erdogans decision to replace the countrys central bank chief. The dismissal has fueling concerns over the regulators independence. In a meeting, erdogan reportedly told policymakers to get behind his conviction that higher Interest Rates cause inflation. This morning, greece has a new Prime Minister from the right Democracy Party. The election handed him a mandate to tackle the nations chronic woes. New democracy is set to get a perlman treat major
President moon says they may be forced to retaliate. Deutsche bank swings the ax from asia to america, the savings latest turnaround plan fails to impress the market. Shery later in Bloomberg Technology global link, samsung being stung by japans new restrictions on tech. Saysll be joined who problems in the electronic industry goes much deeper. Lets get you started on the quick check of the monday close in the u. S. The s p 500 fell for the second consecutive session. Health and tech stocks as some of the big decliners. Apple falling more than 2 on the downgrade, but german manufacturer besf falling after they cut their outlook. Overall, we felt he lingering impact of the strong u. S. Jobs data that we got last week. That really clouding the outlook for fed rate cuts. Investors pretty much focused on what chair powell will stay in Congress Later this week. Meantime, we also saw a big gain for energy stocks. Wti gaining ground on rising geopolitical tensions. U. S. Futures not doing muc
Im Katie Greifeld in new york. Take a look at markets this morning. Near alltime highs, but a little over today if you take a look at the s p 500, slightly in the red, down by about 0. 2 . Of course still above 5100. Look at the nasdaq 100. Losses getting a little more serious, down about 0. 8 . That follows a big update yesterday. You can see volatility rising a little bit. The vix still below 14, but inching higher and higher. Lets get to what is happening this hour. That is the house voting on a bill that would force chinese tiktok parent bytedance to sell it or face a ban in the usa. The company is planning a full legal fight if the bill becomes law. Junkie double o streams me from washington. Jackie double os davalos joins me from washington. Jackie as you know, the house or the senate have not found Common Ground to agree on almost anything except this bill. It is a bipartisan effort that was brought forth by the House Republican chair of the select committee on china, Mike Galla
Sponsored by global x etfs. Welcome to barrons roundtable where we get behind the headlines and prepare you for the week ahead. Im carleton english and for jack otter. Employment data for september shows surprising strength in the economy. Ill ask Henry Mcveigh what it means for investors and what to do as bond yields climbed to the highest level since the financial crisis, obesity drugs and medicare price negotiations making big waves in the market. Our expert panel dives into what stocks to cashing in healthcare. Later smallcap stocks have been in the dumps for a decade why there is reason to believe a turnaround is at hand. We began as always with three things investors ought to think about right now. Markets ending the week up after september jobs data blue past expectation despite interestrate and dysfunction washington food stocks are being slammed as obesity weighs on the market and that created a buying opportunity and travel trend taking a new turn as americans opt for simpler