New rules. Hawaii is taking issue with how the government implement the new rules. \ you are welcome to bloomberg daybreak europe. I am manus cranny. What a day it has been in terms of data from japan inching higher in terms of inflation, what is happening with the pick japans target, what could change. Matsui joins us later on. Let me bring you to the concept that is becoming very real. Volatility is going to take along at the bottom of your screen. Along at the bottom of your screen. We closed at 40 on the day. Volatility is pounding along on the asian session. You see asian topics volatility rising as well. Of technologyh flu, or is it the great rotation . Months to theix day since donald trump has inaugurated. What is it achieved apart from a great dissipation in terms of some of the biggest blockbuster trades . Blue line, bottom of the screen, bloomberg dollar index down 6. 7 so far this year. This time last year, we were down 3. 8 . The phoenix offense. Ascends. I am talking abou
See for donald trump. To learn starting about what the Trump Administrations plans are. We go to our chief washington correspondent. We argued a reporting about this budget outline and when it may come out. Take us through that. Later today, the white house is respected to release a twopage summary of President Trumps proposal. This comes one day before President Trump addresses a joint session of Congress Tomorrow in prime time where he will lay out his policy proposals. Imt of the sources speaking with want more specifics. Heres what i can tell you so far. For the cut spending state department and the Environmental Protection agency, but it would boost military defense spending. We have reports that they may trim back their expectations of growth. That is something terribly important to people watching this program. What is behind that . Precisent have a reason for that estimate. That would perhaps show a slight reassessment this administration has in the economy. Economicput through
A very warm welcome to bloomberg daybreak europe, our flagship morning show from here in london. I am anna edwards. , that is howeldin much was wiped off global bond markets in the month of november, so no doubt about it. Global drought was being felt by investors in november and that continues this morning. The biggest increase in yields since 2009. We have the longterm picture. Are we really at the end of this 30 year bond bull market . It was it is simple but a powerful story going back to 1985. You can pull it up on your bloomberg. Is this the Inflection Point . How much further does this bond drought had to go . Feeds intoon trade this theme. We saw that go up by nine basis points. The highest close since july this year. Anna you mentioned the reflation theme. Let us bring it up the risk radar and show everyone where we are on that oil story. Opec confounding the skeptics. 50 perwti above barrel. Brent crude at 52. 54. A 10 month low, stronger u. S. , inflation expectations, weigh
Seaberg, great to have you with us. Eric, riddle me this. What has changed and why today do we feel so great of a fed rate hike . I have no idea. I think, you know, were going to be in a cheap market here for the foreseeable future just because of all the uncertainty surrounding Interest Rates, Consumer Spending and Political Uncertainty here and in europe and while this frustrating sideways market may be difficult to navigate were still finding opportunities in the hodges small cap fund. Where . Were really looking at some areas such as some of the nonenergy companies that have been beat down over the last six months by oil prices, Something Like a Legacy Texas Bank share which is a bank that we think is very attractively valued here. The perception of Energy Exposure is not as great or the reality isnt as great as the perception in this stock and we think its created an opportunity for investors. Other areas that we like are areas tied to infrastructure spending, like Eagle Materials
Including himself. Today, more of the same. Trump campaigns in iowa, hillary makes a big speech, the first woman to be nominated to be president by a major party. Thats politics, thats the election. Hard to beat that for entertainment, but look at this, the ultimate blowout Financial Report from facebook. Talk about a global leader. About one or almost one third of the worlds population uses facebook, at least once a month. Watch that stock go. He here, Varney Company is about to begin. I know why were strong. I know why we have held together. I know why we are united, shes ready because she knows that in america we are stronger when we are together. And most of all, i see americans of every party, every background, every faith who believe that we are stronger together. Stuart well, that was the theme inside the arena, when they werent bashing trump, they were talking love and unity, got it. Outside the arena, very different story, look at this, protesters try and break through a fence