David a very good morning to all of our viewers joining us right now. New trading week. Lots to talk about in the markets. Shins and up and running as well. Focus will be on where we go with those markets. No one knows until we get there. Lets get a lay of the land of how things look. Where does this really set us up as we get underway this monday . Have a look at it at our bloomberg chart. G btv 7910. Into thursday, into friday, that little gap, more than a massive gap. Really push the market to extreme levels when you look at markets. 56 of constituents on the shanghai composite are now in oversold territory. Does that necessarily mean we will get something into that market, that really depends on where the herd goes. Will that be enough to restore confidence in that market . We were down almost 6 , 7 at one point. Friday that market has opened up. It will open up in about 25 minutes from now. Haslinda china was most overbought in kenya. It has put things in perspective, given that t
Currently down. We are still trying to figure out what the next leg for a lot of these markets is. Industrials are under pressure today. We are still trying to figure out the aftershock from the global selloff that we saw on tuesday and wednesday. The other thing that i am looking out for is the yuan, dropping the most since august of 2015. Some trade figures in china disappointed and of course it is boe day. Bloomberglso on to a fewnce. , we speak guests. Kaplan of the Federal Reserve bank of dallas joins us in an hour. A little bit later on we will be axeld by axa labor weber. Lets get straight to the bloomberg first word news. Societe generale has the estimates has Beat Estimates. It was expected to post a loss. The ceo of frances secondbiggest lender is upbeat. First of all, Fourth Quarter we did better. Decline. Very modest u. S. Senate leaders have announced a budget agreement that would provide nearly 300 billion in additional funding. Extend the plan would the National Debt to
For labor. Here is Prime Minister David Cameron speaking after winning another term in power. Prime minister cameron we will govern as a party of one nation one united kingdom. That means ensuring this recovery reaches all parts of our country from north to south, from east to west, and, indeed, it means rebalancing our economy, building that northern powerhouse. Emily cameron has reappointed George Osbourne for another term as chancellor of the exchequer. There are talks to raise about 25 billion in financing for its potential takeover of milan according to people with knowledge of the matter who say the extra cash would give temba the ability to increase its offer. Last month mylan rejected tevas 40 billion takeover attempt. A federal court says broadcasters will not have to turn over sensitive video programming documents as part of the governments review of the at t direct tv deal. The court ruled that the fcc did not prove that the confidential information from cbs, disney, and oth
Here is Prime Minister David Cameron speaking after winning another term in power. Prime minister cameron we will govern as a party of one nation one united kingdom. That means ensuring this recovery reaches all parts of our country from north to south, from east to west, and, indeed it means rebalancing our economy, building that northern powerhouse. Emily cameron has reappointed George Osbourne for another term as chancellor of the exchequer. There are talks to raise about 25 billion in financing for its potential takeover of milan according to people with knowledge of the matter who say the extra cash would give temba the teva the ability to increase its offer. Last month mylan rejected tevas 40 billion takeover attempt. A federal court says broadcasters will not have to turn over sensitive video programming documents as part of the governments review of the at t direct tv deal. The court ruled that the fcc did not prove that the confidential information from cbs, disney, and others