We wanted something that sounded incredible. With a seat in his plan. America should get back to construction. We need more private capital involved. We have to invest. Starsl streets brightest speak at the bloomberg invest summit and shine light on issues i nate finance. We seem to be picking a of fights these days. Return valuations, looking at the equity markets, there is no longer that margin for error. That is all ahead on bloomberg best. Hello and welcome. I am michael mckee. This is bloomberg best. The week was found to be tense in the u. K. With elections looming thursday and the weekend care attack raising the level of political urgency. Theresa may is right now sharing a meeting of the u. K. Emergency committee, cobra. It comes after saturday nights terror attack in Central London left seven people dead. The atrocity raising the stakes in the u. K. Election, days away. Prime minister may we cannot deny that the threat from extremism is one of the biggest we face. Jeremy corby
Trading, stocks rising for the first day in four. Look at these currencies against the dollar, euro i will come to in a second. Sovereign bond yields are gaining today, that is why banks are rising and commodities is your final column. Akzonobel, planning to split into with secondquarter Earnings Reporting today that missed estimates, a tumultuous time for them. They left relations with some investors in tatters. The former chief executive suddenly resigned last week for unspecified health reasons. To repair relations, they created a committee for Shareholder Relations vowing to hold more meetings with investors. And strengthen and maintain a constructive dialogue. That is the news today from akzonobel. The euro against the dollar, the 63 too watches 116. 16. 63. Is 1 a board member from ecb said the central bank can be more assured about meeting its inflation goal but still too soon to tell to say Mission Accomplished with price pressure in the early stages of the pricing chain remain
This is my market talk. What were seeing across the globe is a little less worry emanating from the tensions between the u. S. And north korea. That seems to be showing signs of easing. Shares in europe following asia higher. Climbingk futures also , treasuries down, and yen up. Lets get straight to the bloomberg first word news. Heres Sebastian Salek. Sebastian donald trump has faced more criticism after failing to personally denounced the White Nationalists and neonazis who held a rally in virginia. The white house released a statement saying the president condemns all forms of violence, ty, and hatred. Vice president mike pence made similar remarks in columbia. Groups thatremist need to be pushed out of the public debate entirely and discredited for the hate groups and dangerous Fringe Groups they are. Has refused toe rule out military action to resolve the crisis in venezuela, but he said the u. S. Would prefer a peaceable solution. He and the colombian president said they are look
Absolutely, you go ahead. Whenever you are ready. Thank you to cnn viewers around the world. Its good to see you guys. Thank you and good morning everyone. Appreciate, john roberts factchecking from the sea. Good morning, good afternoon. [laughter] its not my fault, its on the paper. After receiving his daily intelligence briefing this morning the president led a National Economic Council Listening session with ceos of small and Community Banks. Since 2008 the number of small banks has declined 30 . The dramatic increase in regulation following the financial crisis has been a Major Driving force in the decline of these banks. Doddfrank alone has resulted in 22,000 pages of new regulations. While large banks can hire armies of complaints officers whose sole purpose is to ensure they meet the evergrowing number of regulations it increases the cost of doing business for Community Banks leaving some not to engage in some forms of lending were simply due to the time and costs involved. Our
That brexit both. We are in mix territory right now. The nasdaq looking into negative territory in the last hour or so. The dow and the s p paring earlier gains. The dow have been as high as 60 point tower, now up by 19 points. This is a range bound trading kind of day. S ps 10look at the sectors, even though it is range bound, seven out of 10 are in the green, telecommunications of the most by 1 . Health Care Consumer discretionary, and materials are the laggards. Withials seeing a selloff global Commodity Prices for the most part sliding. Take a look at what is happening with telecommunications being the biggest leader. It is happening because of sprint, up 7. 5 right now. This is a three and a half month high we are talking about. They say they are looking to raise funds by securitizing the rights to mobile phone frequencies. Under the plan, sprint would sell its usage rights to a company and sell those instruments to institutional investors. At t and verizon also getting a bump of