All right, a lot of news to kick off with. That the week that investors will focus on. Not a lot of Economic Data in the u. S. This week to drive markets. Everything from washington to , listening to what janet yellen has to say about Interest Rate hikes going forward. Lot of focus on Balance Sheet reduction, but also a recognition among fed and the and president s fed chief herself that inflation will remain low going forward. We continue to watch fed fund futures. Is what we are seeing when it comes to a possible rate hike for december. It has come down a bit from the fed minutes last week. The topic will be Financial Stability in wyoming. Any thing from janet yellen that could send a hawkish signal. Mario draghi more than janet yellen, reports that he is not planning any surprises, but he may talk down the euro. He has had a tough time with a lower dollar. That is complicating matters. A reminder for viewers on how markets closed friday, another day of jitters, but not as much. When
Wargames start this trading week , a few jitters, a mixed the session, msci asiapacific nding declines from friday extending declines from friday. The palace intrigue, steve bannon returning to breitbart, the latest in high profile departures from the Trump Administration. Macrolike when it comes to asia and globally, but 54 or the eight, local Central Banks are what we are watching, culminating a week of fed speak from janet yellen and mario draghi in frankfurt this week ending up in wyoming, jackson hole, the central bank meeting, expect ring a cautious mario his comments about the Balance Sheet about Interest Rates and inflation taken wildly by the markets this year, but not expecting a massive policy surge from him, but there could be comments on how the stronger on inflationing expectations, and listening for Janet Yellens comments, guidance when it comes to the richer directory and talents sheet unwind. The ecb, not expecting shock and all from mario draghi. 2014 had him using ja
One of the most fabled fortunes has died. At 101, he was the world oldest billionaire. He was the oldest and last surviving grandson of john rockefeller, the nations first billionaire. Global news 24 hours a day. From bloomberg world headquarters, i am mark crumpton. Caroline i am caroline hyde. This is Bloomberg Technology. As its blow for uber president heads to the exit. The latest on the embattled company. Apple makes a bet on the next big thing. Could augmented reality replace the iphone . Public debut, not one analyst has a buy rating on the firm until now. We will ask the analyst why he is bullish on the company. But first to our lead, uber as confirmed jeff jones is leaving the company after less than a year. Ofs follows reports allegations from Sexual Harassment to the c. E. O. Travis kalanick. The company is a world in a lawsuit with waymo. Waymo claiming uber is using stolen secrets attained by one of ubers former executives. Joining us to discuss is brad stone and Eric Newc
Property transactions have some inertia built into them, but punts on IPOs are very quickly flipped. That explains the average oversubscription of 44 times in recent years. So how to throw some sand into the wheel? The SEBI chief said Friday that the regulator is investigating investment banks that artificially inflate share applications to create a false impression of demand.