On china stabilizing the yuan. We are being influenced by europe and germany headlines. The s p 500 right now 2915. The nasdaq is up 1. 5 . The 10 year yield is well higher than it was yesterday. A little bit of selling in the treasury market today. A couple of individual stories to look at, kraft heinz a sadly said, we need a plan. The street said yes, you do, and in the meantime we are going to sell your stock. Down 40 . Symantec up on a proposed deal with broadcom. Guy lets talk about what is happening with that german story. The German Finance Ministry says there is no decision to balance its budget for recovery. We will come to that story in a moment with more detail. Look, weve seen a massive gyration in the market over the last few days. How have you dealt with that . What is your view on that . Twodi e have taken a rightwosided approach now. We dont think there is going to be a recession. We are in a manufacturing recession, but services and consumption are relatively strong, s
World hotter and hungrier rid that is according to a you and report on Climate Change that raises the issue of food security. The report does not pinpoint any country but when they were asked, scientists mentioned brazils recent deforestation of the amazon. Wasie wechsler says she deceived by jeffrey epstein. She accuses epstein of misappropriating vast sums of money from him and his family. Epstein has been jailed on charges of sexual trafficking. He says he was in the dark about epsteins alleged wrongdoing. Global news 24 hours a day on air and at tictoc on twitter. Powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton, this is bloomberg. Ahn. M shery im amanda lang. We are now joined by our bloomberg audiences. Here are the top stories we are following. Signs of stability from the chinese central bank. Calming markets with a strongerthanexpected fix for the yuan. Of ridesharing giants. Shares of uber are up. The u. K. Is set to report secondquart
Or no deal. If there is going to be a deal it has to be the first couple of days parliament returns. Sorting threadbare roger of income reports. Left wants to see profitabilitys. The law of large numbers is catching up. We call it the star wars symbol stumble. Experts on how they are reading at jumble. China and the u. S. Aligned economically. I do not think the feds job is to make sure theres not a recession. All straight ahead on bloomberg best. Hello and welcome. This is bloomberg best the weekly review of the most important business and analysis. Rom bloomberg around the world after trump announced large terrace last week, sent shockwaves through global markets. Keeping stocks in the red this morning on fears that the us china trade wars s plating, asian stocks heading for the biggest selloff this year after keya you and fell past the seven per dollar level. Due to the tariffs on chinese goods. China has ordered state owned enterprises to suspend imports of american agricultural pr
Dani good morning and happy friday edition of bloomberg daybreak europe. Im dani burger in london. U. S. Inflation reading, but San Francisco fed president mary daly says the bank has more work to do to combat rising prices. Country garden a penny stock after the largest Property Developer expects multi billion dollar loss for the first half of the year. Ubs has repaid the Credit Suisse liquidity assistance in full, and is voluntarily ending the 9 billion swiss franc government protection. Ubs confirming not only that they are not going to use the backstop, they are not using the safety net given to them by the swiss government. They are saving saying, take away the safety net. The first part was they have terminated the 9 billion swiss franc loss protection agreement. This was the backstop they needed to guarantee that they would acquire Credit Suisse. Second, they have terminated the public with quiddity backstop by smb, that was up to 100 billion swiss francs. The third point is the
City this morning. For our audience worldwide, this is bloomberg surveillance. Equity futures on the s p 500 up. 2 . Date two for chairman powell and in washington, d. C. It is the state of the Union Address. We will catch up with amh in washington. It was a win for wall street but not the kind of win we were thinking about. This was not Monetary Policy, this was about Financial Regulations. Lisa there are lobbyists in washington, d. C. Getting massive bonuses. We saw that 19 Capital Requirement that the largest banks in the u. S. Were going to have to hold under new proposals basically being rolled back. Jay powell saying we will make a lot of changes to this after a lot of lobbying. Jonathan day one was in front of the House Financial Services committee. Date two was in front of the senate committee. The senator from massachusetts, Elizabeth Warren, i imagine Elizabeth Warren has followup questions about yesterday. Lisa i imagine she will not be particularly happy when people are loo