And perspectives on markets across the globe. 4 growth is good. I dont think 4 growth can be sustained. Ty definitely dampens larger m a transactions. Warren buffett raises his stake in bank of america. We will be getting 30 million plus more annually from the common and preferred. And Brian Moynihan speaks about the high stakes of regulatory reform. Those are the most important things for us. Capital, liquidity, things like that. It is all straight ahead on bloomberg best. Julia welcome. I am julia chatterley. This is bloomberg best, your weekly review of the most important reviews and interviews from television around the world. Last weekend Hurricane Harvey was in the u. S. Gulf coast and the city of houston. On monday, the big storm was the big story. Floodwaters overwhelmed swaths of houston as Tropical Storm harvey continues to inundate. Leaving the u. S. Fourthlargest city crippling the energy industry. Help us with perspective on how big this issue is. In terms of the houston d
On markets across the globe. I dont think the growth can be sustained. Largerainly, it dampens transactions. Getting millions the common andg preferred. And Brian Moynihan speaks , about the high stakes of regulatory reform. Those are the most important things for us. Capital, liquidity, things like that. It is all straight ahead on bloomberg best. Julia welcome. I am julia chatterley. This is bloomberg best, your weekly review of the most important reviews and interviews from television around the world. Last weekend Hurricane Harvey was in the u. S. Gulf coast and the city of houston. On monday, the big storm was the big story. Floodwaters overwhelmed swaths of houston as Tropical Storm harvey continues to inundate. Leaving the u. S. Fourthlargest city crippling the energy industry. Help us with perspective on how big this issue is. In terms of the houston damage, it is unprecedented. We are seeing places flood that dont normally flood. If you are familiar with houston, it has a tend
Cofounder and group ceo. Everybody has a big chance to go digital, but people need to change, three liters driving alibaba the global disruptor. It was a humble beginning for jack ma as they cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted the answer. Senior executives were quarantined and that gave birth best platform which growth ebay out of china and led to the single day shopping extravaganza and the launch of many new businesses. Much like bloomberg set up for the interviews, the rise of alibaba has been no small feat. More demanding. Eight next step me be even the sars, theres a lot of things we can learn, but today the things we are doing, there nothing we can learn from. Because we think, are the leader of this industry thatu the things you driving on the value of the mission. Theres not a textbook you can read. Ill anyone could have imagined the kind of scale we reach today, but i think we are very lucky to have participated i
I am nejra cehic. We delve into regulatory challenges and opportunities around the globe. From mifid ii to doddfrank, we will speak to those reacting to a new generation of rules. Lets get straight to mifid. Take a listen. Mifid ii is disrupting the world of investment research. In the past, this has been offered as a free service. From january 3, that research will have to be paid for separately. Why . Eu lawmakers wanted to curb conflicts of interest that could leave investors facing opaque costs. Under the new rules investment firms will have to demonstrate they are getting the best execution for their clients when they trade. Regulators hope this will lead to more transparency and competition. Analysts are rushing to prove their worth, and investors are growing increasingly selective about what they will pay for. Then there are the regulatory conflicts, along with who pays. Some buy side firms are planning to pay for research out of their own profits, while others pass costs on to
The low rate environment. Welcome to Bloomberg Markets rules returns. I am nejra cehic. Rules and returns is the show where we delve into regulatory challenges and opportunities around the globe. From mifid ii to doddfrank, we will speak to those reacting to a new generation of rules. Lets get straight to mifid. The new regulations are set to change the landscape for Investment Research ahead of the legislation going into effect on january 1. January 3. Take a listen. Mifid ii is disrupting the world of Investment Research. In the past, Investment Research and corporate reports have typically been offered as a free service to carry out their trade. From january 3, that research will have to be paid for separately. Why . Eu lawmakers wanted to curb conflicts of interest that could leave investors facing opaque, steep costs. Under the new rules, investment firms will have to demonstrate they are getting the best execution for their clients when they trade. Regulators hope this will lead