David its not just about me. Its about the team. Amanda we have another great ceo coming up. You talked about the technology they have planned. Where the company is going. David it was a great experience. We also have with us peter kraus. He will explain what Equity Managers are doing wrong. Innda we are going to check with our Bloomberg Team for indepth coverage of our top stories. Susanne walker barton is live on where the fed may raise rates. Ryan chilcote talks about the oil Company Spending cuts. Lets start with janet yellen and the fed. June appears to be out. September is not a sure bet. Thats the take from investors. Has beenonomy recently affected by a mix of countervailing forces. To expect reasons that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones. Amanda Susanne Walker barton joins us now. Lets start with how the market is interpreting this. Do we get a sense that september may even be off the table . It ma
Emotional farewell address. Ryan it was a 10 minute speech. He came out with his wife samantha and three children. And he said that you know, he took some time to talk about how he has improved the economy and remember, when he came into office in 2010, there was still a lot to do in terms of repairing the economy after the financial crisis. He thanked the country so much service and graciously the countrys Civil Servants and graciously welcomed recent may theresa may. There wasnt a lot of policy in the speech. And it mustve been a painful one. He is 49 years old, just short of his 50th birthday. As such he is the youngest Prime Minister to give up power in this country in 112 years. So he came out and did what is the convention with his family appeared in front of hundreds of cameras and members of the press and said his part and headed to Buckingham Palace to make way for theresa may. Shery lets delve in a little bit into camerons achievements. He has two referendums under his belt.
Investigated by the u. S. Department of justice. U. S. Stocks are mixed. Disappointing earnings from some of the biggest check giants. Biggest tech giants. And the revival of a classic, the Indian Motorcycle brand. How it hopes to take on the american classic Harley Davidson. Desk head to the markets where julie hyman has the latest on how markets are trying to climb up today. Lots of earnings. Julie it would be a surprise if we got any gain at all. We are seeing some gains in the dow and s p in particular. The nasdaq is being dragged down by some of those numbers. I want to hit some of those big stories. It seems like the focus is not macro, it is on these individual companies. Lets get to some of them in. Echnology thirdquarter earnings sell short because of a higher tax rate. Kind of mirroring the situation with ibm, both of these are legacy tech giants that are trying to push forward to the corrupt to the cloud, to other businesses . Way still do things the old , in the case of mic
The board of for you, if we can. Staggering numbers. 52. Down 1. 28 . The implications is being felt in other asset classes. Lets talk about what is happening. U. S. 10 year, some they 2014 could be painful in 2015 as well. The u. K. Gilts, we will have data out and 9 30 a. M. Its a solid push below and equities taking a knock. Thats on the back of Energy Stocks. And the ftse down by 5 . The 30 day of declines the third day of declines. The number of the eurozone better than expected. Whether that data is enough to move the dial given what crew has done, we will have that story. Ryan chilcote, what exactly is the benchmark we are looking out for . How low can it go . Really, brent, the global benchmark, we saw wti fall below 50 and that is the u. S. Benchmark. When we see brent hit 50, we know we have a real global story and perhaps a oneoff u. S. Story. When is that going to happen . That is anybodys guess. What i cant tell you is in the financial crisis, we saw brent cut touch fortif
The germans might have some objection to that. London opened virtually flat. Oil is making a comeback. Is that being overgenerous . You are seeing just a little bit of a reprieve on these equity markets. We are going to run towards super tuesday. Lets have a look at some of the currencies. Everything is priced into the euro dollar. You are probably going to see the eurodollar at 120. The market has fully priced qe by the European Central bank and the onemonth money suggests you are going to see a little bit of a turnaround on that. Have a look at the euro yen. Money was coming out of the euro and going into the yen. That is where you see a big move. Have a look at the couple of stocks we are keeping an ion. Keeping an eye on. Who day is becoming ceo. They would create the largest mobile operator in the United Kingdom with the 41 share of the market. That really surprises me. They are coming together creating 41 . Telefonica up 1. 38 . Would it be 9 Million Pounds they might receive. Th