The microphone he sent a less clear message. Usa china come to the table but trade talks fizzle. For decades, china has taken advantage of trade. President trump has said we will fix this. The Prime Minister loses when it is him against the markets. The biggest week of earnings season with Powerhouse Companies reporting. Better than expected cash flow which we have not seen for a long time. In the second half of the year things should pick up. We are seeing a little performance art. Mexicos president speaks exclusively to bloomberg. He says Interest Rates are too high but he will not intervene. We trust we are not just going to grow but also to develop. Some of europes largest banks say it is high time or rates to come up. Fundamentally negative Interest Rates not just for the future of banks at stake right now. It is all ahead on bloomberg best. Hello and welcome. I am emma chandra. This is bloomberg best. The weekly review of the most important interviews from Bloomberg Television ar
Happening. I will focus on the u. K. The real story coming in, the markets along with Boris Johnson starting to look at may be no deal brexit. As a result we have the fish found against the u. S. Dollar, we will we have the british pound against the u. S. Dollar. A big move there. That is one of the factors outting the ftse 100, it is forming the rest of europe but it is but there are other factors. M a is one of them. Deal buying a business sold to blackstone and now being bought by the london Stock Exchange. That will put a whole different class when it comes to financial assets. Its trading up there are other deals as well. A big week for the Global Economy with rates decisions from the boj, Federal Reserve and bank of england as well as Economic Data from the u. S. , germany and china. Lets get to someone who can help us size up investor sentiment. He comes to us from boston. Lets begin with the Federal Reserve, do we see basis points decrease and is it warranted . It is the wood v
If you look at the market at 30,000 feet, looks like it. While the nasdaq, which had been middle around in the red for the first half of the session, is up about a third of a percent. Right now the Dow Jones Industrials are doubling that percentage gain, up 234 points powered by, you know what . Lets zoom in to about 10,000 feet with the heat map, two nontech names, mcdonalds and home depot. Then, of course, in the third position here we have apple. So youve got two names having nothing to do with technology. And then lets switch it over to the s p leaders. Synopsis. Now, that is a tech name. It makes hardware and Software Products for validating chip design. Synopsis is gaining about 4 . Then aes gaining 5. 25 , thats a utility and Power Generation company. But International Paper far and away the winner here. Look at this pop of 10. 8 . When was the last time we saw International Paper leading the s p . I mean, not only leading, but hitting a 1year high. It did have a nice pop in dec
President john gray says the fed is having real success on inflation. The earning clouds roll in. Tesla dials back of expectations American Airlines cuts. From new york, i am alex deal with my cohost in london. I really expect 10year to be at 5 . We are not there yet. Guy you said to me, guy you are going to break the existing wholesale on you. Home so on you. Heres the reason why. It is a broken market. The headline rate is 8 . This is why this market is broken, i think this is the lowest number since 2010. The existing home sales coming in at 3. 96. It is not a good number. It does not tell us anything, and a lot of people, like alix steel are not going to move. Alix that was in keeping with ok. Markets not moving at all on this. You are seeing yields back up a little on the long end. Stocks go nowhere. Our big story of the day, fed chair jay powell will be speaking at the Economic Club in new york. He will be sitting down with david westin in a exclusive interview. I can attest, i s
A lot of things going on at the index level, macrolevel. Look below the surface and there are some really interesting trends. 4. 88 . The reason for that, it has had to stop a kidney failure study that is being done early. That sounds like a bad thing. It is a fantastic thing, this thing is meeting all its goals early because of the success they are having with this drug which seems to be multiplying the number of things it can treat right now. Nova goes higher. If you are in the dialysis business, this is not good news. Down a little bit more earlier on. It is these kinds of clients that are providing some really interesting single stock opportunities right now. On the index level, we go nowhere. Alix something that hardly say, youre totally right and you can see that reflected here as well. Lets look under the hood for a second. Exxon is down by 4 , continuing to roll over here. Interestingly, one of the bestperforming stocks is caesars. You wouldnt think they would be doing so well