More in half an hour right now its time for the stream. We understand the differences and the similarities of cultures of course there were. So many times where you call home ill just bring you the news and Current Affairs that matter to. Me ok if youre in the stream today is uganda the best place in the welsh to be a refugee i really could be glad as always we are live on you tube now if youre watching us please do join the conversation there and your comments might appear on the show. According to a whole series of glowing headlines uganda is a power dice for refugees its policies experts say our among the most liberal in the world refugees to work move freely around the country many of their children can access education and they are even given a small plot of land and the basic materials needed to build a house but some critics say the reality is less than perfect and that uganda is starting to buckle under the strain of supporting such a huge number of new arrivals they also say t
Welcome to the pulse live from bloombergs European Headquarters in london. Im manus cranny. The shanghai composite index posted the biggest oneday move since 2009 after chinese authorities introduced more measures within an attempt to restore confidence in a stock market that has taken a battering in recent reeks. Regulators announced that banks can roll over loans backed by shares after officials banned major stockholders from selling in affected companies. Having marked 10 days of actions by the central bank by regulators, by the government, does it look as if this is a shortterm at the moment . That is the question isnt it manus . It worked for at least one day. Another day of wild swings manus. The index dropped to 3. 8 at one stage. It rose as much as 6. 9 . The most since 2008. The government battling to restore Investor Confidence in this market. They have unveiled marketboosting measures almost every day the last couple of weeks. Late wednesday regulators banning stockholders f
That stand out to me are that tossures were modest moderate, basically that there was no movement in selling prices. Reallyation has been modest. Inflation pressures have been very modest. We have full employment, and this is really taking time for wage pressures to start building, which should be a game changer this year because as people see labor shortages and wage pressure should build for more and more u. S. Workers. David i remember the last time deja vu came out, words of the day were modest and modestly. We are seeing that again in this report. Absolutely. That is positive because would bring some comfort to the fed, to the fomc that Growth Continues despite some headwinds from the bull market and some gyrations in Foreign Exchange markets. Domestic growth is key for the u. S. Economy. The fed relies on the consumer the continued recovery, and we should see more of the same in the next fed beige book. David when you look at the beige book, what is the first thing you will be lo
Manus and i am manus cranny at the bank of england. Anna, will the bank of england cut rates for the First Time Since 2009 . The governor had a message for the market, markets and economists are less assured. This is a governor who we know acts ahead of the knee. That is what were going to be focused on, 12 noon, the bank of england back to you. Anna let us but the risk radar, show our viewers what is happening overnight in various asset classes. The rally in equity markets losing steam just a little bit. We have u. S. Markets of course nearly alltime highs, waiting for the earnings season to kick off in earnest. The msci asianpacific treading water, the pound in there because of the focus on bank of england today, and in the wake of theresa may appointing some of her tea cabinets. As wasmany women suggested yesterday. There will be more names announced today. 132 on the pound against the u. S. Dollar, bouncing 4 10 of a Percentage Oil in there, rebounding as investors weigh u. S. Appl
Delivered. Nicole we are waiting for a live statement from Boris Johnson outside his home in london. I am lauren simonetti. Nicole i am nicole pedallides. Global markets in major selloff mode. Lets check stock market futures, dow futures down 436 points well off of earlier lows overnight where we were down over 700 points. Lauren european markets open sharply lower, the ftse in london is down 5 , the dax in germany down 7 . A steep selloff in europe. It is noting the dax and the cac have been down 10 . Looking at asia, the nikkei in particular in japan down 8 . Shanghai composite in china 1. 3 losses and hong kong and hang saying for print. Korea, cosby 3 of the downside. Nicole the market reaction, oil prices sinking 4 down 2. 14 trading just under 48 a barrel. The worry is a slowdown in Global Growth and then the safe haven of gold rallying, gold prices up 4. 5 to 1318 an ounce. Lauren the british pound sticking to its lowest level since 1985. Also the selloff was the biggest ever on