European stocks are down a little bit, a lot of focuses on trade. A lot of focus on what happens next. We heard from donald trump saying hes not ready to roll back tariffs, some and we heard from his advisors last week. The focus is on alibaba as a litmus test of the strength of the chinese economy for a single day and the numbers are staggering. China approving new loans coming it 661 billion yuan. Pound at 1. 2805. We will be speaking to u. K. Chancellor, that interview was later today. Lets getntime straight to bloomberg first word news here in london. Spain has left more ungovernable than ever. Their leader now has fewer lawmakers than before, he now faces torturous negotiations to form a government. Australia is bracing for another week of devastating bushfires, flames in the eastern seaboard and even areas of great sydney are facing catastrophic threat. More people have died and than 150 homes destroyed as fires rip through areas hit by a two year drought. Chinas consumer inflati
More than 60 of voters have already cast their votes, in sakhalin and the Kuril Islands more than 47 , in khabarovsk region more than 30 . Voting in russia, let me remind you, lasts 3 days; for the first time in the history of president ial elections, russians can cast their vote remotely. The electronic procedure is available in 28 regions, as well as in moscow. By this moment, according to the Central Election Commission , more than 10 of voters had already voted. The Central Election Commission is monitoring the progress. Voting collects all data about elections, including violations. Well find out more details from my colleague dmitry gorn, he again came into direct contact with the studio from the cec information center. Dmitry, hello again, tell us how they react to violations and how voting is going in general . Yes, yuri, good afternoon, but unfortunately, the Central Election Commission is not talking about this without violations ; it reacts to them, of course, instantly in o
Friday following the jobs reports and the apple drag in the amazon drag. Asia though, we are coming off a little bit, if youre looking for us in aligning. 167 on the benchmark right now. A little bit of a pickup following the china open. Indonesia coming online. Hang seng is flat. Oil is very much in focus today. We are coming off a little bit of highs earlier on. We are getting some upside as far as the shanghai contract is concerned. You are getting a followthrough move in wheat prices in the early goings this monday. 2. 5 , 650 a bushel on wheat. Conversations around no recession, soft landing, no landing. Yvonne yeah, you have u. S. Funding needs versus what the demand for bonds overall being weighed on the back of what we saw last week. One of the worst weeks when it comes to global bonds as well as stocks. For some time now, its the start of something. Certainly want to watch. Especially when you are starting to see china not really emerge from this postcovid recovery in the way
Good morning. John and tom have ditched me. Manus cranny is with us, which is a good thing as we try to understand how we can get past a bond market that will not let anything else matter. I want to talk about earnings and geopolitics and everything else. Instead, we are talking about a 19 basis point swing in the 10 year. All of a sudden, crashing down. Manus to bill ackman and bill gross have that much sway in the bond market . The bottom line is, that huge amount of volatility, the one thing that surprised me was why did the equity market it more of a bid on the back of a swaggering move . Was it reappraisal a bond risk . Lisa probably just ptsd. Last month and a half as chest impacted the equity market from the bond market. Hi they to stocks, low bit is tosca manoj offensive strategy when the bond market is moving this quickly because the defense stocks tend to be more bond sensitive and debt ridden. The Equity Investor doesnt know where to turn. Frankly one day is one day in the e
Middle of the Monica Lewinsky scandal. My job was to stand off the house floor and ask congressman what they thought of the days news. So i quit my job and moved to cambodia. I spent a year and a half there reporting on events there, and it was an amazing experience. The country was emerges from 30 years of civil war, from a genocide in which one in four people dies of murder, starvation and disease. What really struck me when i was there, the human resilience. D. C. , theres a lot of data there and information bush to be seeing peoples lives and how they bounce back, it started to change the way i looked at journalism and what i wanted do. And when i came back, i wanted to write more about the theme of human resilience and i found that in the United States, some of the most exciting stories of human resilience are being unleashed by technology. Thats what my book is about engineering. My presentation is less data driven than some of the stuff. What i tried to do is put some of trends