Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
Seeing the treasury and buying yields down. After the fed minutes, they got hit in tensely. David it is time for the morning brief, here is what is coming up. The ecb will be publishing that account of its january policy meeting. At it 30, initial jobless claims and at 1 00 this afternoon, the u. S. Auctions sevenyear notes. Alix time for our bloomberg daybreak first take. First up is that hawkish versus dovish read on the fed minutes. The ecb account coming out in half an hour. There is rhetoric out that they are to blame, and barclays shareholderso looking for its first buyback in years. David we will come Peggy Collins and Joe Weisenthal we welcome Peggy Collins and Joe Weisenthal. Lets start with a quote from the fomc minutes. This is what they said. You have to get all the way through the end. That thegreed strengthening return increases the likelihood that a gradual upward trajectory of the federal funds rate would be appropriate. They therefore agreed to update the characterizat
Too hard on the banks. In his confirmation hear, he said that he would, quote, continue to consider appropriate ways to ease regulatory burdens. When i asked him if there was a single financial rule he thought should be stronger, just a single provision in one of the feds dozens of rules where there might be an unintended loophole or where an inknow stative product has innovative product has introduced a new risk into the system, he couldnt name a single one, not one. And my questions for the record, i also asked governor powell about a report that the Treasury Department put out last june. Now, this report was really just a cut and paste job of the banking lobbyists wish lists for rule rollbacks. Governor powell do not identify any recommendations in that report that he disagreed with. Again, not a single one. And thats not all. At governor powells confirmation hearing when my republican colleague senator kennedy asked him about whether there are any institutions today that are too bi
Get the view from asia and this is the situation in the markets in europe as they open on the up. A lot of investors waiting for that key decision from the ecb. And reaching for the stars. Well be getting the inside track from a South African entrepreneur known for his passion for democratic technology and a spell on the International Space station. So today we are asking what are your astro ambitions . If you were given the chance to go to the International Space station, what would you do . Just use the hashtag bbcbizlive. Hello and welcome to business live. We start in frankfurt where in a few hours time the European Central bank holds its latest policy meeting. The big question when will it begin to raise Interest Rates from their historic lows and start unwinding the massive Economic Stimulus Programme thats been in place since the financial crisis . Its a big dilemma for ecb chief mario draghi. Lets show you why. The eurozone economy is in much better shape, growing atjust over 2
Hurricane irma cause devastation as it rips through the caribbean islands on a path to florida, where its expected to strike this weekend good morning glad to have you on the show once again its thursday, not just any thursday, its ecb day weve been waiting for the first fall meeting of the ecb, whether or not we get a tapering announcement today, that remains to be seen majority of economists expect more details in the month of october, but an update to growth and Inflation Forecasts today. Lets look at how the markets are faring ahead of that theyre not doing much at all. Were a fraction lower on the stoxx 600, roughly an hour and 50 minutes into the trading session. Lets look at the indices one by one. You can see a bit of a mixed picture. Ftse 100 is flat the xetra dax is higher to 0. 2 . The auto sector is doing well. Its been higher for a fifth day in a row we saw a couple upgrades from jpmorgan and Goldman Sachs, so theres renewed interest in the german auto sector the cac 40 is