State of maine are suffering from props trade war canadian colleagues snap up market share. This is t. W. Business im in berlin welcome to germanys Digital Infrastructure continues to lag behind other European Countries today politicians and lobbyists will be discussing how they can go about improving its an industry summit here in berlin whats the current reality on the ground in europes leading economy lets have a closer look well its far from world class 1st coverage of high Speed Internet is still very patchy studies show that just 88 percent of households here even have access to the internet at speeds required for streaming video for example thats pretty bad for a country that prides itself and its Technological Prowess and International Ranking germany finds itself on down the list in 37th place to be exact and things dont look much better. It comes to wireless coverage that is 4 g. There are dead sports everywhere only around 77 percent of the population have continuous access
Is ready for a long political battle. Host hong kong drops its bid for the lse. It is too challenging of a deal to pull off. The brexit outlook remains murky at best. We are nimble. We are in limbo, and that is not a good thing. Host they discussed the british divorce from europe. If i am right, the u. K. Will come back and rejoin the european union. Host jay powell says the fed is planning to expand its Balance Sheet. They came out and said we are doing this, be prepared. Host and an exclusive conversation with Robert Kaplan shedding more light on Monetary Policy. This cutting we are doing should be limited, restrained, and modest. Host it is all straight ahead on bloomberg best. Hello and welcome, i am nejra cehic and this is bloomberg best. Your weekly review of the most important Business News, analysis and interviews around the world. Let us start with a day by day look at the top headlines. With the u. S. And china set to talk trade in washington this week, investors were optimis
President. Dont miss it. Manus warm welcome to daybreak europe. Times we have rocked from 1 up to 1 down. Its amazing how those numbers come alive. Is there a deal on the way . Between china and the u. S. Nejra if we get a partial deal, how long could that sustain any gains we might get in risk assets . Would it be enough to turn around the economic damage that has already been done . Manus indeed. Lets get straight to these markets. Lets get straight to the oil market. Actually, lets get to the fx market instead. One theof the yuan is at a high. The bears were champing at the bit to sell the currency. If there is a currency pact , thatn the u. S. And china could give you some solidification in dollar yuan. At the bottom of your screen, you have the aussie dollar against the u. S. Dollar against ground zero for trade. It is about the durability of the deal. How long can it stay . If it does, it may well help the aussie. Good morning. I missed you. Nejra it has been such a while. 10 day
Markets overall we have pushed higher the s p up. 2 . There are plenty of individual stocks on the move, including wells fargo as the best performer in the s p onward that it will have a new ceo. That ceo has a lot of banking experience. A couple of little quirks. Generally, people are happy with him as that wells fargo ceo. Micron is down, disappointed and a big way when it came to its earnings and growth forecast. Some analysts are being easier on micron saying this is the lowest point it will see, the bottom. Also, expectations were too high. Citi is saying expectations were too high. ,uy the stocks are fluctuating investors may be looking past the Political Drama in washington, trying to focus on a mixed bag of economic data. We also have the chinese stories still rumbling along. How do you price this . That is the challenge. Price the Political Risk right now . It is on both sides of the atlantic. It is enormous. It dominates the headlines. Thetrying to figure out, if pricing mech
Ranking executive to leave amidst the 737 max crisis. Nike names a new ceo. John donahoe will take over next year as the Company Looks to sharpen its technological edge. Shery first, lets get you started with a quick check of the markets. We are continuing to see pressure on u. S. Futures which are down 1 10 of 1 . This after we had the major indices finishing in the red. The s p 500 lost 4 10 of 1 . We had some weakness for the tech sector offsetting the rally we saw in energy companies. Oil jumped after the report of the opec plus discussing their cuts. The dow down to tenths of 1 , while the nasdaq lost 7 10 of 1 . We have uncertainty over what happens with brexit. We had key votes happen in the u. K. Parliament. We will discuss that later in the show. We also have a mixed bag of earnings when it came to those results out of the u. S. 1 5 of s p 500 companies are reporting this week. We have some solid performance out of united technologies, Harley Davidson but also disappointment f