Francine welcome to bloomberg surveillance. Green on the screen for european equities, but we are headed for the first weekly loss in six. U. S. Futures are struggling for direction, along with the 10 year yield after we saw stocks as the marketsy assessed the risk around the political situation in the u. S. Table taking ahead, dropping below 1. 23. Previously, one of the more hawkish members saying that rate cuts might be needed even with a brexit deal. Coming up, we speak to commerzbank ceo Stefan Engels after they have revamped their strategy. But now, lets get first word news in new york. The bank of england may have to cut rates you but if the u. K. Avoids a no deal brexit. The comments are a sharp departure. He previously was considered the most hawkish member of the Monetary Policy committee his argument is brexit uncertainty will continue to depress growth. Thats even if the exit is delayed or canceled her the u. S. Federal reserve is looking at a possible shift to its inflatio
Dropped 0. 01 , all these strange nonearnings are making it a lot hard story understand. What do i mean by weird metrics . The stock of netflix all right. I know youre thinking about that one heres a stock that has never traded on earnings per share ever theres just not the number anyone cares about youll never hear anyone say that netflix is really cheap at 80 times earnings. No, netflix trades on subscriber growth as these things go subscriber growth isnt too weird a nice objective number. Once you start evaluating a number other than sales or earnings you open the floodgates to other metrics so not just subscribers but on fomo per share. Fear of missing out as in the subscriber account adriven by the fear youll miss out on great content and in a world it trades on fomo but the emmys matter there wasnt anything that made them say im missing out see all those awards im missing out on too much content. I got to sign up and thats why the stock got hit or how about a couple of tech titan
The finals will be held in tokyo with prizes worth a total of 900,000 u. S. Dollars. Esports or competitive videogaming is making headlines as a new spin on traditional sports. Game genres include combat sports, racing and soccer. In some placace the number of global competitors at over 100 million. At the 2018 asian games in indonesia, esports w were featud as a demonstration sport. At the 2022 games in china, they will become an official sport. Both public and private groups in hong kong are working together to expand its esports industry. Well b be connecting other neighboring cities, and we can be a hub for esports. The citys first dedicated esports venue has been built in central hong kong. Its one of the biggest such faces in asia. A top Corporate Group has put together a progaming team and plans to take them global. There are even Training Programs in schools specializing in esports. Esports is attraracting attenti from across the globe. Hong kong citizens and its government hav
Over. 1 treasury yields, this morning were taking a look and youll see that its trading at 1. 5 . 1. 543 to be precise the two year a little higher than that in terms of the yield. 1. 518 this is no way to run a business, obviously. Im talking about torte reform and things like that when one judge can say yeah, 17 billion he didnt. No, he didnt but he could have thats what we deal with in todays with trial lawyers. Now to get to a developing story this morning, i got my editorializing out even before. Started at least. Thats what the story was Major Court Ruling this is just one state too this is oklahoma we know about the Opioid Crisis. It was against Johnson Johnson. The judges ordered them to pay 572 million for country bouting to the opioid economic in oklahoma under the public nuisance law theres 50 states by the way. Theres also municipalities. Think about it. It says j and j and its unit repeatedly down played the risk of addiction doctors were targeted as key customers. It cove
The finals will be held in tokyo with prizes worth a total of 900,000 u. S. Dollars. Esports or competitive videogaming is making headlines as a new spin on traditional sports. Game genres include combat sports, racing and soccer. In some placace the number of global competitors at over 100 million. At the 2018 asian games in indonesia, esports w were featud as a demonstration sport. At the 2022 games in china, they will become an official sport. Both public and private groups in hong kong are working together to expand its esports industry. Well b be connecting other neighboring cities, and we can be a hub for esports. The citys first dedicated esports venue has been built in central hong kong. Its one of the biggest such faces in asia. A top Corporate Group has put together a progaming team and plans to take them global. There are even Training Programs in schools specializing in esports. Esports is attraracting attenti from across the globe. Hong kong citizens and its government hav