Is the hurricane. Taylor riggs will get to that in a moment but also we have got the basic idea of sorry, i lost my train of thought. Francine we are getting breaking news on the Nobel Peace Prize. It is the first time i remember they have not awarded it to one person, but to the Colombian Peace accord. The peacet because accord was in jeopardy when i had a referendum and it was rejected. We did catch up with the finance minister of columbia, unclear exactly what will come from here. We are getting that live announcement from the nobel peas committee in oslo. The winner is the Colombian Peace accord. That is after the referendum on sunday. Tom it really changes things and the interesting thing is the duration of a peace accord. It is supposed to be a year or two and this has been a generational struggle. Francine i correct myself, because the prize was awarded to colombias president , mr. Santos. It is not to the peace accord itself, it is to the president. The reason colombians reject
Plunge in the pound since the brexit referendum with traders saying the slump exacerbated Like Computers initiated sell orders. David lets bring in guy johnson from london. Exactly what happened . Midnight and london, liquidity light and everybody asleep and suddenly this happened. We dropped like a stone. Data shows we got to 11841, some platforms had a 113 handle and the bit off a spread blowout 250 times what it normally is. Normally this traits on a wafer and it got blown out. What caused it, we do not know. Like liquidity, a combination of alcos and maybe fat fingers causing this to happen. It has stay down. It found currently trading at 123. 66. Jon you can see how tightknit is. Tight that is last night tight that is. What was bigger, the flash crash over the week, talk about the fundamentals and how nervous people seem to be to buy into any seller of sterling. The icing on the cake was the event that the cake has been a very difficult week for sterling. We have seen it going low
And powerful people share provocative thoughts in the top interviews. Government is a probusiness government. Everything is better with growth. No one has been successful that has never admitted a failure. He has never admitted a failure. Matt that is all straight ahead on bloomberg best. Matt hello, welcome. i am matt miller. This is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a stunning announcement as 2 Asset Management firms consolidated. Janus capital, home to bill gross, being bought by henderson group. The deal create a company with with 320 billion under management. Is this what we have come to you in investing . So much pressure that managers have to combine to make the marginal margin . Yes, we are going to see more of this. What is happening is the rise of passive investments indexing has put pressure on active managers. One thing this hopes to accomplish is to provide more s
And powerful people share provocative thoughts in the top interviews. Government is a probusiness government. Everything is better with growth. No one has been successful that has never admitted a failure. He has never admitted a failure. Matt that is all straight ahead on bloomberg best. Matt hello, welcome. i am matt miller. This is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a stunning announcement as 2 Asset Management firms consolidated. Janus capital, home to bill gross, being bought by henderson group. The deal create a company with with 320 billion under management. Is this what we have come to you in investing . So much pressure that managers have to combine to make the marginal margin . Yes, we are going to see more of this. What is happening is the rise of passive investments indexing has put pressure on active managers. One thing this hopes to accomplish is to provide more s
Trump as i have said from the beginning, ours was not a campaign, but rather an incredible and great movement. Made up of millions of hardworking men and women who love their country, and want a better, Brighter Future for themselves and for their family. Francine trump said Hillary Clinton called him early this morning to concede and congratulate him on his win. The republican victory has roiled the global markets. I came in about eight hours ago and it was definitely a surprise when we first started having the count in. Since, markets ever coop raided a little bit. I wonder whether it is because we do not have a full policy. I wonder whether donald trump tried in his triumph speech to reconciliation United States. This is the msci world index. Volatility still spiking up. To watch. The sectors we have been talking about pharmaceuticals. Watch out for the european banks. Again, this is the one we have been watching over the last couple of weeks. It is clear that health care, because H