U. K. s Supreme Court, with 11 judges to hear the governments case on triggering brexit. Manus you are welcome to bloombergs daybreak europe, are flagship morning show in london. Good morning, i manus cranny. All eyes will be on the bond and equity markets, and the currency market. The world wakes up to its Third Political dislocation in as many as six months. Brexit, trump, matteo renzi. What happens next in the bond markets will be critical for the policy of the European Central bank. This is italian market calm before the potential political and market storm. Paul krugman is trying to gain a possible euro prices. What you have is 10 year Government Bond yields, the best rally in as many months. Weve rallied nearly 20 basis points. The spread against germany widens, with action down now 160 basis points. Will we retest those wide areas . The risk premium for Holding Italy, of what happens next, of who is the next leader of italy, is whats going to play out in Global Markets over the
Dan what is next is that we have reported that mr. Renzi, according to one italian news agency, has already met with the italian president. He has to formally submit his resignation and then resolve this political crisis, turning it over to the italian president , who will hold probably two days of Political Consultations with the leaders partiess political before deciding on a mandate government for the country. David a lot of focus was on the italian banks and what this would mean for the italian banks. Do we have any sense of the answer to that question . There aretle bit, but still a lot of Unanswered Questions so far. , the worlds oldest bank is in the midst of a 5 billion euro Capital Raising plan. It has started the first leg of that. The board is probably meeting today. They are likely to put out a statement to find out what happens next. Are they going to proceed with this plan or perhaps postpone it, given that while markets are not as volatile as people expected today, who k
About 30 minutes into the trading day and Abigail Doolittle has the latest. About, globalked markets shaking off the effect of the italian referendum. Abigail we have big gains for the stocks in the usb at the dow, s p 500, and nasdaq are all higher. Offially there was a risk reaction, but really a declining reaction. ,f we go back to the brexit a big selloff, then a selloff and it reversed. The dow on pace for a record closing high. But the dow isng itsace for us fix for fifth week i. The s p 500 and the nasdaq are reversing last week losses. At 2041. Ok the shows the alltime record high. Two things, right here we have an area of consolidation. It appears the dow is breaking. Ut higher the dow transports, a less followed index, is actually also trading at an alltime record high. Would say that signals more strength ahead for stocks. Taking a look at Asset Classes, we are seeing a risk on picture here. We have the safe haven gold trading lower. Follows from that supply cut from opec la
Quintanilla, kayla tausche, john ford joining me. Roger mcnamee, good morning to you. First up this morning, donald trump taking to twitter over the weekend, reiterating his threats to u. S. Companies considering moving production and jobs overseas. Any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country and thinks it will sell its product back in the u. S. Without retribution or consequences is wrong. The president elect calling for a 35 tax on companies who relocate outside the u. S. Promises like these sure to have an affect on equity markets, as well. Joining the conversation is samantha, great to see you this morning, welcome back. Roger, first lets get your take on what this means for business at large. How much are we discounting into these tweets real policy and how much of it now is bluster . I would make the assumption that its all bluster. We have only one data point to work from, the carrier transacti
Hillary clinton news story. And Kennedy Center honors, eagles, james taylor, and others. Early today starts right now. Good monday morning, im ayman mohyeldin. Im frances rivera. Really tough to start this week with a grim reality with the death toll rising. And now a criminal investigation has begun into that tragic Warehouse Party fire that claimed at least 33 lives in oakland, california, on friday night. Officials say some of the victims were teenagers. One was the son of a first responder. Authorities are still identifying victims and have not yet made their way through the entire building, which had been housing artists. Nbcs steven luke has the latest for us out of oakland this morning. Steven, what more do we know . Reporter well, good morning from oakland. Were beginning the Third Straight morning here of search and recovery efforts. And just over the blue tents behind me is where this is taking place working nonstop through the night. And they still have more than half the bu