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
Recalibration of where Economic Growth is heading. Guy and more evidence of what we have been talking about, low Economic Growth coming out of germany right now. This is Investor Expectations Going Forward and it is the expectations line that really catches my eye. The survey, 51. 8. The expectations, 6. 8. A significant miss Going Forward in investment expectations. Tom one of the big mysteries is euro over the next months and we will be looking at the bombshell Morgan Stanley report as one of our themes this morning. Right now to our first word news on germany. police shot and killed a man who attacked passengers on a train with an ax and a knife. The attacker was described as a 17yearold room afghanistan who applied for asylum. The president of turkey says he narrowly escaped death in the coup attempt. He left the seaside resort just minutes before the coup stormed in. He also said renegade soldiers took over the istanbul airport hours before loyalists maintained control. Theresa ma
This is bloomberg surveillance. Francine the clot, tom keene in new york. The currency moves Francine Lacqua in london, tom keene in new york. My number one message is that markets are on the move. You do not see it in equities. Bonds,om equities, currencies, and oil are a jumble not lows but nevertheless markets on the move. Bp,cine when you look at the refining margin is nowhere to be found that they are sticking to the dividend. Lets get to the bloomberg first word news. Bernie sanders supporters ignored his pleas not to protest on the opening day of the Democratic Convention in philadelphia, many angry over revelations that the dnc favored Hillary Clinton. Sanders did not directly call for his supporters to vote for clinton but made it clear where he stands. Mr. Sanders any objective conclude are observer will conclude that Hillary Clinton become the next president of the United States. Taylor senator Elizabeth Warren urged reluctant liberals to vote for clinton and told the conven
A 72 drop in profit as it faces challenges in the up and down stream businesses. Good morning, i am here in zurich. We have a lot of earnings to go through. And markets are on the move. Euro area Economic Confidence rises a little bit. It is the backdrop of Central Banks struggling with their monetary economics. There are some pretty good numbers going on. We have a great show today. Zurich,ith francine in with what the fed is m doing in washington and what people see from the bank of japan this evening. Now, to the first word news. President obama made his most forceful case yet for Hillary Clinton. He offered a stirring endorsement last night. President obama and that is why i can say with confidence, there has never been a man or woman not me, not bill nobody. Nobody more qualified than Hillary Clinton to serve as president of the United States of america. Clinton joined the president on stage after the endorsement and they left to loud applause. Bloomberg is the parent of bloomberg
Markets desk where julie hyman has been keeping an eye on things. Julie we have a mixed picture once again. This is the 14th straight day we are not see a one percentage point to move on the s p 500. Something tomaybe medical happen by the close. This is the 14th straight session. All the major averages once again are not much changed with the nasdaq doing the best because of facebook. If you look at the two week chart of the s p 500, you will see here the tight range have had in that terrible of time as it has risen 2 10 of 1 . This is the record we reach last week, and since then, things have been going down. Session,ack to todays facebook shares are up by nearly 3. 5 and trading at a record. The company has now reached 1. 7 billion active users. Some other earningsrelated movers include the Health Care Company that makes Artificial Joints and other types of medical devices. The company raising its 2016 after Second Quarter numbers beat. L3 raising its forecast. Those are some of the