We have a lot of time left, we will see what happens. Pushing for concessions in hong kong. The u. K. Parliament takes a stand against in no deal brexit. Parliament saying clearly we will not take kindly if you try to surpass us. Ibm and red hat signed one of the biggest tech deals ever. We will extend their reach into 175 countries. An analyst says recession may be coming, but investors should not fear the worst. It is all straight ahead on bloomberg best. Hello and welcome, i am Rosalind Chin and this is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operations in the struggling lenders latest attempt at a turnaround. David a banking bombshell. Deutsche Bank Planning to cut 20 of its workforce. That is 18,000 people. Shutting down its equity sales and trading business. Guy the los
Street warnings. Citigroup joins jpmorgan in slacking a downturn as Global Sentiment takes a hit. Manus are we all on our way to 2 . Its a most like a shakespearean drama. We cant turn back. 2. 75 . Ld retrace the we have priced ourselves on most oblivion on the probability of a rate cut. The didnt show up last night for the sevenyear option which could be the bond market sending the signal back to the market. A lousy bond auction was almost a welcome reprieve. James gorman says he will meet hard data, hard facts for the fed to move. Lets have a look at some of the other at risk markets. , 25 basis point cut on that market next week. The dollar is slipping this morning. They cut their target on the aussie to 65 from 70. You will see 1 by the end of the year. The dollar index, we are off of a fivemonth high. The risk is a major escalation. We could trip over ourselves between china and the u. S. Into a real escalation. That is the risk we must fend off. Nejra theres a fair amount of glo
Made the and offload of assets in the united states. We are 30 minutes away from the open in china and hong kong and we are seeing this rally with stocks after the Foundation Day and trade comes back with more optimism overnight and you see the major u. S. Markets back into the positive territory after the selloff we had and we talk about , buturn to volatility there is still a worry about a true recovery. This could just be a shortterm bounce before another low. You have to imagine, based off of that magnitude in the move. You were talking about that and what came to mind is al sunday, they given six inches in front of your face and the numbers will shift to markets, depending on what it is and we saw this and we are coming off of highs with 3 10 of 1 and nobody has really jump and we have the asian we are seeing but it is not gangbusters. Chilled has given a with the extremity of the selloff. Doesnt it always . China. Why it is you can see this running right hong kong time and with t
Down oil and gas production. Haidi hello from sydney. This is daybreak australia. We are talking about the first major market open. Betty i am betty lou. This weekend has been quite eventful. Just what happened over the weekend with Hurricane Harvey, hurricane category four slamming into texas. The fiercest storm and 50 years. The worst hurricane since 2004. A quarter of the production now expectation is it will not hit the whole of the u. S. Economy but certainly texas itself. Lets get a quick reminder before all of that happened how stocks traded on friday. Watching with bated breath what janet yellen was going to say, she was on message friday. That meant the market did not trade that much, not a lot of volatility as we saw by the end of fridays trade, the dow up 30 points. The s p up 0. 1 . The nasdaq trading unchanged. We have a lot had this week including jobs data in the u. S. , likely to dominate the chitter chatter in the market ahead of the data on friday. That is a mixed ope
Kaspersky lab software on federal networks. The Washington Post says they have given a timeline to scrub that russian brand of security software. The u. S. Believes kasperskys kremlin connections make its software a security risk. The death toll in the u. S. After Hurricane Irma is now at more than 20. A 55yearold florida resident died after falling off a ladder while preparing his home for the storm. The deaths of now eight patients at a nursing home in hollywood, florida, are being investigated. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Cory im cory johnson in for emily chang, and this is bloomberg technology. Coming up, waymo gets the green light. U. S. Appeals court clears the way. A bloomberg exclusive. Special counsel Robert Muellers investigation into russian collusion has social media firmly under the microscope. Why prosecutors are zeroing in on hackers. Another bloomberg excl