After 2016s foreign takeover spree. We have the world covered on daybreak asia. We go to watch the developments out of beijing as chinese mostators watch the prolific overseas dealmakers. And we are watching the e. U. Summit in brussels throughout the morning through this is daybreak asia, coming to you sive from bloomberg asian headquarters. I am yvonne man. Betty is that the wharton global conference. A very busy friday and a happy one as well. Yvonne we are marking the oneyear anniversary of brexit. We have the stress test, keeping an eye out on china as well. First it was anbang, but regulators could be targeting other companies. A lot of big guests on our show with betty. Starting this hour, Geoffrey Garrett in 40 minutes time. On Bloomberg Markets, betty will be speaking to the incoming chief executive of hong kong. Her as have to talk to we start next week, marking the anniversary of the handover. You do not want to miss bettys chat with tom friedman at 10 40 a. M. Hongyou do no
His new book expands everywhere from russia to london to broadway at one point, and its a pretty interesting read. I dont want to give too much away, so without further ado, please welcome peter. Thank you very much. [applause] great. So this is, this is actually a really big pleasure for me to be here at kramers books. It is, in many ways, the culmination of many years of research and efforts to put together what ive always an answer to a question that ive always wanted to ask, and that was who were the other guys and gals, who were the other people who compromised this story of oil. A lot of times we know about john d. Rockefeller, the richest man in the world when he was alive. And today of all days for the release of the soft cover of breaking rockefeller is important because i did not pick this day. But may 23rd is the 80th anniversary of rockefellers death. So 80 years ago john d. Rockefeller on this day died. Some historical symmetry there is always great for someone who likes r
Council voted this weekend to unanimously sucker punch the rogue nation to the tune of 1 billion. Historic sanctions target everything from north koreas ability to trade coal, iron, led, seafood and guess what . China and russia joining the counsel, their hand finally forced by kim jonguns latest round of missile test just ten days ago. But is it all too little too late . Retired Lieutenant General served eight tours in the pacific region, hes with us on whether kim jongun is now really ready to go to war. And weve go on this breaking news. Bitcoin dramatically spiking to a new alltime high at this hour. Just as a controversial cryptocurrency leaked one of the most infamous lobbyists to ever walk the streets of dc is watching a new bitcoin reality show to help a bitcoin startup in congress not to kill the currency in its infancy. Jeff is here in a fox business exclusive. Plus, elon musks latest power play, it involves junk. And the top trade you should be making from your lawn chair. P
Lets head to the market desk for julie hyman has the latest. we got Energy Stocks is the best performers in the s p 500 today. That itself. Higher that is helping to push stocks higher. The mexican peso rallying. Seems as though the outcome already being pricing to the u. S. Equity market is a victory for Hillary Clinton. When we saw the last debate occur and see what perceived as winning, without the peso rally in stocks rallied to some extent. Oil is a big part of the story also. Brent crude is hitting a oneyear high. You have nymex crude hitting not necessarily a high on a historical basis, but hit a high last week and now above 5120 above 51 a barrel as we got comments from Vladimir Putin at a meeting of opec officials in istanbul saying russia could freeze or even cut output. All of this causing a big rally in oil prices today. We are watching the japanese yen after we heard the bank of japan saying the 10 year target could go under 0 of the bank of japan can lower both ends of th
Laggards, wti declines 3 . Joe Consumer Staples and telecom leading the way, classic defensive sectors. Matt some individual stocks moving down. Bank stocks taking a hit. Pretty decent losses for heavily weighted stocks. Right aid rose the most this year, up 6 . Point 25 after earnings yesterday, initially down, then coming back today. Up, at 13 , massive move least four analysts have upgraded yelp. Some interesting things in the Government Bond market, particularly u. K. , new lows on the 10 year yield, but action as the boe has trouble with its reverse auctions, not enough bids. Better, but all time lows in 10 year yields. I want to go into the bloomberg to talk about mongolia. Bondis a mongolian euro that matures in 2022. That is higher rates on a Government Bond. They said we are running out of money, major crisis. I think investors have forgotten that Interest Rates can go up and there is sovereign risk. Matt other governments would just print more money, right . Joe the problem i