Good morning, im Francine Lacqua in london. It is a very packed show in terms of data flow, this is what i am looking at. Lets put everything into context with Asset Classes. Overall we are seeing quite a lot of equities higher after we saw the s p 500 rise to a record, treasuries tumbling after we had less damage than originally feared from Hurricane Irma which supports a case for gradually improving economy. This is a picture for the stoxx of thatthe back hurricane we are also looking at crude oil and this is one to look at, europound and pounddollar. Heres sebastian salek. Sebastian the Un Security Council has approved a new sanctions aimed at punishing north korea. The u. S. Dropped key demands to win support from russia and. Hina wil it seeks to give countries the freeze to freeze cargo ships who dont agree to inspection. Today we are intending to take the future of the north Korean Nuclear program out of the hands of its outlaw regime. We are done trying to prod the regime to do
National Economic Council as he reacts cohn to the september jobs report and the u. S. Losing jobs on the hurricane seeing a spike in wage growth. Have a look at where european equities are trading under 30 minutes to the end of the friday session. Stocks are lower for the day, up over the week led by italy, norway, portugal, and the netherlands. Sterling is lower for the week, which i will come to other currencies rising bonds commodities, gary cohn in your final two columns. Eichler, beating those rivals and 2017 says International Money managers still lack enough confidence in the euro areas largest economy to load up on shares. The biggest u. S. Etf tracking germany continues to bleed cash even as the dax climbed to its 15th peak in six months with profits such a swell of the dax is exporters. Eichler predicts another 20 to 30 gain in two years. Closerman gauge remains to its deepest discount relative to the s p 500 attracting bullish calls from strategist at credit suisse. Thats t
Will they moved their headquarters from catalonia . You are seeing the selloff continue on the periphery debt, 2 . Ish yields up about sterling, this is one for you, year. He worst of the can headlines get any worse for theresa may . Jonathan i think that is theresa mays cross. David if they can get worse for her, it will. It is jobs day and coming up at 8 30 a. M. We will get september data from u. S. Nonfarm payrolls and Labor Force Participation rate. We will hear from the fed president s. We first want to focus on the jobs numbers and turn to julie hyman in washington, d. C. She will get the numbers before we do and she will come tell us at 8 30. What are you looking for . Julie what we have been looking at, the hurricanes will make this not a very normal jobs report. There will be a lot of what economists like to call noise in this report because of the various hurricanes. Harvey made landfall august 25, irma september 10, and the survey period ended slightly after that. The nonfa
June 8. We are getting data one hour from now. Lets quickly get to the markets. The pound definitely, the story of the day, dropping. I would point to the latest polls by u. K. Government. We have our London Bureau chief joining us to look at what a Hung Parliament could look like, and whether we believe the p olls or not. He vix, down from 1. 8 virtually600, unchanged. Lets get straight to the bloomberg first word news. Reporter in afghanistan, as many as 80 people have been killed and 350 injured in a suicide car bombing. There was a rate on the countrys Largest Military hospital in march. The u. S. Says the first ever test of the Defense System against an Intercontinental Ballistic Missile was a success. This was after a groundbased interceptor shot down a mock weapon over the pacific ocean. This comes amid mounting tensions with north korea. Reynard says soft inflation could make us rethink the path forward for Monetary Policy, should it linger. U. S. Growth looks poised to rebound
Erik new reports see Political Risk everywhere in 2017. Experts assess the hotspots. We are seeing the forces of gradual slow motion integration. When way the chinese could retaliate is going after American Companies. Erik ceos talk tech at the Consumer Electronics show. This is a year of dramatic change in industry structure. We have gone from Company Consolidation to industry consolidation. Erik that is all head on bloomberg best. Erik hello and welcome. I am erik schatzker. This is bloomberg best. Your weekly review of Business News and television from around the world. The week began quietly with most Global Markets closed for the new years holiday. The calm was disrupted on tuesday by a donald trump tweet. Donald trump criticized the automaker for building a plant in mexico. He said, make it in usa or pay a big border tax. Gm was not the only company under the gun should ford also canceled plans to build a plant in mexico. Give us an idea of how global the manufacturing apparatus