Anna good morning, everybody, a warm welcome to germany decides, a special edition of our program. Im anna edwards in london. Manus im manus cranny. The hurdles have been jumped in the netherlands, france, and now germany. Brzeskis according to is that merkel could be a lame duck chancellor in her fourth term. This is the dax at the moment. The hurdles have cleared. Its going to be a chancellor and a Coalition Led by merkel. Discounts trading at a on the s p. Best september, the since december last year. The valuations on this chart aok as if the dax offers position of a value. That is what the chart suggests. About the biglk thing. We touched new records on Global Equity markets. Down a bit. Ific is radar, we have all our currency. It is a nice gauge of what we are on the coalition holding story globally. We had the u. S. Dollar against the japanese yen, the yen is down. Abe is going to call a snap election today. Could he push for a big stimulus package of 18 billion . The euro is in
That has fallen slightly falling from 155. 2 versus reuters of 116. Remember, the 116 was the record level we hit back in july. Once again, we have a slight bit of a dip but by and large this is not too much of a fall. By and large german businesses have been quite resilient to some of the geopolitical stocks weve seen ill be speaking to the clemens fuest. Angela merkel has won a fourth term as chancellor while support for the far right surged they won 33 of the vote and will remain the Largest Group in parliament but the result marks the conservatives worst since 1949. Now the euro has slipped following the results as investors suggested the challenge that merkel faces to build a stable Coalition Government there you go 1. 1902 they are close to section lows down 4 . It seems like the euro is down more against the pound sterling. Youre seeing a little bit of nervousness around the task, very tricky task of perfeformint coalition and maybe less of a European Coalition addressing suppor
Francine lacqua. Resurgence for the far right. Belowdex is a little bit estimate for the month of september, 115. 2. Lets check on your data to see whether it has any impact on euro or not. You can see eurodollar, 119. Politics are dominating trading. The sliding a touch euro sliding a touch. Gold falling, crude edging low as well. That is your data check. Lets get to the bloomberg first word news. Nejra donald trump has stepped up his criticism of the nfl sing fans should not go to the games by saying that layers who protest Police Brutality during the National Anthem should be fired. Said heand patriots ceo was deeply disappointed by the president s comments. Meanwhile a trump has ordered you travel restrictions on a countries replacing the current ban on six majority muslim nations. It targets travelers from iran, libya, yemen and somalia. The move opens the president to what could be a new wave of legal challenges. Iran has testfired a new Ballistic Missile in defiance of citingted
Comics of his generation. Now on bbc news, all the latest Business News live from singapore. Netflix subscribes to record highs. Investors hope to cash in on its latest success. And find out why chinas strategy to be a world leader in electric cars is an Industrial Solution to an economic problem. Good morning, asia. Hello, world. It is tuesday. Thank you forjoining me on Asia Business report. Im rico hizon. We start the programme with netflix and the video streaming pioneer did it again. They exceeded analyst expectations as more people subscribed to watch programmes in the latest season of narcos. Earlier i spoke with Media Partners asia and asked how content can make or break online services. Of course it starts with content and consumers have to move to it but netflix have scaled distribution globally. A big reason for their growth in the last few quarters has been International Scale in particular and whats driving growth is a lot of scale and momentum in parts of europe and latin
More bullish than two decades . Absolutely. Because the risk that youre taking is so much less than it was any time since the financial crisis. We made our big sell call at 1999 and because we saw all sorts of additional risk whether its leverage and the types of loans the banks were making and the lack of oversight now its night and day. The degree of oversight on the banks, i mean, you know, jamie dimon cant leave the building without someone watching what he is doing. What were talking about here is the amount of capital at record levels. The liquidity is at record levels. The oversight, record levels. The First Quarter it was a terrible environment but you know what, the quality of loans even with energy, its fine. Book value is still growing. These are resilient banks. Theyre banks that are becoming more one way or another and the valuations are pricing in levels that werent perceived. Does that give me upside . What generates the rally here . When youre going to see revenues have