Ahead to the last of chinas big angst to publish results. Two years after taking the wheel, ubers Dara Khosrowshahi rates his performance so far. We have an exclusive interview. Kathleen all it takes is a little trade war optimism to carry us over the stock market. Look what happened stocks closing higher across the board in the u. S. Today. The s p 500 approaching a threeweek high. Not a big market, but still a move in the right direction for most people. The dow gaining 1. 25 . , wasasdaq, of course, tech really helped by this optimism on trade. Take industrials led the way. Ech industrials led the way 10 of 11 sectors closed higher today. The only one that did not was staples. The answer could be that when the trade war showed signs of moving forward, especially after Chinese Government official who spoke to the Commerce Department said were not opens are now about putting more tariffs on the u. S. And retaliating, lets Start Talking about taking the tariffs off, that is what got th
Since worst month 20112012 for that group on the top. At the aussie and kiwi dollars and the kiwi took out its 2016 low and we are now for the lowest level since september 2015. Youve see ny onshore, got this chart. We have the worst month in seven years of e. M. Fx. We also have traders with the onshore yuan weaker than the official reference. David the two Exchange Rates and the fix. We will you show you the chart later on but backward looking. It sets us up in april various situation precarious situation into september. Yvonne we are still dealing with the headline risk. President trump saying the u. S. And china will renew trade calls, although he offered no details or timeline on what happens next. He spoke after beijing indicated it mauled immediately retaliate against additional increases and wants to prevent further escalation. The u. S. Is said to slap extra tariffs on 110 billion worth of imports on sunday. China vowed to strike back with levies of 75 billion of goods but sai
State speaks in washington dc. His on japan self is 90 minutes. [inaudible] good afternoon welcome to the station construction should be stopping soon so hopefully its not too disruptive. We are discussing the japan south korean trade dispute. Its obviously a very difficult issue. Its critically important to the United States as allies. There are all democracies and his friends. It includes ramifications moving forward. I forward because the current dispute is due in part that events taking place from years decades or centuries rather than dwelling on those we want to identify entity three countries including to move forward. None dispute as part of a research of a few years and anytime insult to those individuals working at that each time i think all of us now see the time is very different. In the past the economic and security realm indeed they were moderating and that eventually led to a resolution or at least sort of added to the spotlight but now is broken the laws into both secu
Return to growth. Results expected to confirm a 60 drop in operating profit rate and south korea Industrial Production for the month of june, when it comes to the seasonally adjusted monthtomonth we are seeing growth of 0. 2 . But still growth recovery from the contraction we saw in the previous. Estimates ofssing growth of 0. 3 . The number for may has been revised to a smaller concoction that it was thought initially, to a contraction of 1. 3 from a. Yearonyear, it is a bigger contraction than expected, a contraction of 2. 9 . The estimate was for a fall of 2 . It would mark the second consecutive month that the year on year gauge is in contraction for factory outputs and south korea. So both numbers missing estimates. The bigger fall is on the ronyear number from 2. 9 of 2. 0 . A down cycle in the Semiconductor Sector weighing on the economy. We are getting export numbers later in the week. That is also expected to contract for eight consecutive months. Already the first 20 days of
The new deal brexit rises. When it istells us the Prime Minister against the market, the Prime Minister tends to lose. Emma the biggest week of earnings season with Powerhouse Companies reporting. Better than expected cash flow which we have not seen for a long time. In the second half of the year things should pick up. We are seeing a little performance art. Emma mexicos president speaks exclusively to bloomberg. He says his countrys Interest Rates are too high but he will not intervene. If we trust, we are not just going to grow but also to develop. Emma some of europes largest banks say it is high time for rates to come up. Fundamentally negative Interest Rates are not good. Not just for the future of banks at stake right now. Emma it is all ahead on bloomberg best. Hello and welcome. I am emma chandra. This is bloomberg best. Your weekly review of the most important interviews from Bloomberg Television around the world. Lets start with a look at the top headlines on monday. Chinese