Washington. The fed signals it plans to rosalind the fed signals it plans to remain on pause. The consensus is no need for a rate move next year either. She said theres still risks to the downside, but they have lessened. Rosalind the worlds biggest ipo opens with a bang. Some major banks announced changes and cutbacks. They have to meet the ir efficiency targets they set. Rosalind the eu unveils a plan to go green that has some businesses seeing red. You see there is. Pushback. Taxation does nothing for the environment. Rosalind its all straight ahead on bloomberg best. Rosalind hello and welcome. Im 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 the day by day look at the top headlines. Another week began without a trade deal between the u. S. And china, and fresh data releases d on the weekend showed the trade balance shifting between the two superp
To us a little bit about the open. We expect the shares to be treated any minute now . Yousef absolutely. We are waiting for the numbers, scenariowas the base and exactly whats coming through third theyre climbing to the daily limits of 10 as expected. The ipo was at 32 realities. Implied valuation was 1. 7 trillion. We are already up to 1. 8 8 trillion. The biggest conversation has been around the 2 trillion mark for the government has done is offer a smaller percentage of the company to investors. Of the market cap is a tiny fraction of what is loaded from Companies Like facebook and microsoft word we know there are support mechanisms for the stock , including goldman sachs. Retail investors have been given a hand as well with some incentives. The fast track to index inclusion is important as well. Where the story goes from here is what happens with foreign investors. This is mostly a domestic or regional play. His saudi aramco going to consider a secondary listing . Anna an importan
A repeat offender. Welcome. Its good to have you with us. Talks between the United States and the taliban over a possible feasted in afghanistan ended last week in doha. It was the 7th round of talks between the 2 sides u. S. Special representatives. Called them the most productive session to date but what they mean for womens rights in the country remains unclear in fact just days after those talks a Radio Station in the Central Province of cousin e had to shut down after receiving threats from the taliban which object to 2 women working there the incident highlights the daily struggles afghan women face as they seek to make their place in a primarily Patriarchal Society but one woman politician in the north of the country is reading of redefining gender roles. He is the governor of chalk district in the troubled north of afghanistan and shes one of only a few female district chiefs in the country but that doesnt faze her the taliban poses a constant threat here but misery says that d
Year increases after reports that budweiser will delay sending it lower. And shares plummet to their lowest level on record after it reveals its in talks with china over a 750 Million Pound rescue plan it comes by so quickly every single month the decision, they say their output agreement does not change the output of an oversupplies market that is according to the International Energy agency. So in its latest report the iea says supply exceeded demand in the first half of 2019 and that rebalancing in the oil market has begun to slow. As ever, lets bring in nei neil atkinson. And just reading the major take away from the report is that essentially oil supply the first half of the year has exceeded demand you say that that number is 900,000 barrels. So despite opecs best efforts we still have the supplydemand mismatch we do thats a mismatch thats actually grown as new data has come in. And through the rest of 2019 well see how the demand issue plays out but as we move into 2020 the outl
The two year yield at 4. 97 on the day, essentially flat. The long end of the curve is where you see the real movement. These are the highest levels since 2011. The 10 year yield at 4. 30, up about five basis points. The highest level since 2007. We will talk more about the bond market with liz mccormick. If you take a look at what is happening in the yield story, explain the movement at the long end of the curve. Liz that has been the important thing among others this week because it just seems like the long end cannot get any good news to bring the rates down because you have the trifecta that the fed is the base for everything. Inflation could be sticky. You have what we heard earlier this month, the deficit is so bad. In the minutes yesterday besides sounding generally hawkish, the minutes reiterated what powell said during his press conference. Quantitative tightening, the rolling off of bonds from the Balance Sheet could keep happening even if they start cutting. That is another