We will reserve our right to oppose. Ramy plus, decision day approaches for the fed. Everyone has an opinion. I cannot see any case at all for a tightening. This has been a topic of almost numbing boredom to me. Ramy its all straight ahead on bloomberg best. Hello and welcome. Im ramy inocencio. This is bloomberg best, your weekly review of the most important interviews and analysis from Bloomberg Television around the world. Lets kick it off with a day by day look at the top headlines. When Federal Reserve governors speak, people listen. On monday, Lael Brainard in chicago had the financial world on the edge of its seat. Federal reserve member Lael Brainard, keeping a dovish tone in her remarks today. She said economic progress continues in the u. S. , that the bank would be wise to continue to keep politics lives. She has a dovish reputation. She is concerned about the labor market and international concerns. What do you make of her speech, and where we stand in regard to the upcomin
Ers weighing on the index today. Yen paring some gains as well. I think we are still off from the session lows and doing a little bit better. The macro concerns and focus, china being one of them. Reducing that risk, but that was the big thing that triggered a lot of the scariness in the mood among investors when it loaded by the most in six weeks. When it comes to the currency, we are seeing that is taking , fuji,on exporters subaru, toyota. Tdk also falling 3 . Looking ayen, things little less strong. We are paring some of the strength we saw this morning. Gold we also saw falling a little bit, pretty much flat. If you look at the year to date of where cold has been, the bullion called a superhero. It could rally as much as 1400 an ounce if this risk aversion intensifies. It has been the best performer among commodities this year. Two minutes past 11 in tokyo. ,onda announcing a shakeup quality concerns persisting eightyear year after the carmaker replaced its chief executive. The cu
We are checking markets in the asiapacific. Stocks gaining a 10th of 1 . New Zealand Dollar continues to strengthen on the weaker u. S. Dollar. Counting down to openings. Futures and sydney pointing to a lower open, but flat on the session. , but wee how it goes did see a selloff in australia on friday. Onck out that aussie dollar the back of u. S. Dollar weakness. When we talk about strength, lets take a look at japan. This is the level right now. At the 18 month high, and worrying exporters and the boj. Futures in chicago pointing to a higher open as oil climbs as well. Yen, searching last week to the highest level since 2014. This is a rally that has confounded most currency strategist. Were taking a look into this. Theres one to you that says we should be looking at the yen through the prism of the bond market. , traders,estors everyone scrambling to explain this meteor ascent for the japanese currency. Through at make sense lot of metrics. Theres no indications that abenomics is t
Deserves enormous areas of. But there were also questions i questioned how they were approaching it. I might have tweaked it to the extent that it involved Foreign Policy. I might say to my Foreign Policy partners we have a problem of doing it this way but youre always secure of making sure that the credibility of the United States is sustained. When theres turnover in governments, the work thats been done continues and particularly when you have a close friendship and relationship with a partner like canada its not as if work were doing on the arctic or entry and exit visa vanishes. Just in case, that doesnt happen, the u. S. Canadian relationship will be fine. Thank you, everybody. All right. The president of the United States and his canadian counter part wrapping up that News Conference in the rose garden today at the white house. On the agenda, discussions about the environment, trade, and that on going lumber dispute which the president says will get solved in short order and als