Level, before big deals get done . Where Companies Feel comfortable selling or buying . Typically. Whether that is economics are e confidence, its like Energy Executives are like any other executive. They will do things when conditions are good and when there is positive momentum. Because investors will follow that and they it takes a lot to print a transaction in an environment where he have a tremendous amount of volatility. One of the positive developments in 2016 and we are so going to hit 3 trillion plus in m a, a pretty nice number has been asian, mostly Chinese Companies going outbound, Chinese Companies looking at deals either in the United States or europe. Wire the chinese looking outside . Are they concerned about that why are the chinese looking outside . Are they concerned about their internalare they concerned abour internal gdp . . Are they worried about the slowdown or looking to expand into other regions . The driver for china to look outside have been strong and conti
Most influential summit taking place right here in our european headquarters. We are about to hear from the Deputy Government at the bank of england. But first, here is the bloomberg first word news. Ted losses on signs saudi arabia may compromise with iran. The Countries Oil minister gave the strongest indication the kingdom could reach a deal in november. U. S. Government data is forecast to show inventories increased by 3 million barrels. Deutsche bank shares are trading high after it agreed to sell its u. K. Insurance unit to phoenix group. The ceo has told the newspaper that capital is currently not an issue. And accepting Government Support is out of the question for us. The government has come under increased pressure. Payl bank of scotland will claims iton to settle sold faulty Mortgage Backed securities to u. S. Credit unions. The agreement closes lawsuits filed on the half of two credit unions. Rbs has not admitted fault and says the cost is covered by provisions. Two Senior
Raisins. Our chief washington correspondent peter cook has the latest on the Justice Department meeting with comcast and Time Warner Cable on the proposed merger. Those stories are in a moment. Lets first get you right to the top stories we are following in the hour. Accused of playing a role in the 2010 flash crash 7. 5 million bail. Ordered to live at his parents house. He cannot use the internet or a phone with internet access. His parents must pay a fine and will surrender their passports. He is charged with helping some of the Dow Jones Industrial average wild 1000 point dive on may 6 of 2010. Ryan has this report from outside the suspects house. Ryan we are in a london suburb. A noisy place to you can hear a plane taking off right now. Perhaps not the kind of place you would expect to find a crater with enough weight to throw around to cause the market crashed. That is exactly what u. S. Prosecutors allege. They say a day trader operating out of his family home on this london str
He says the fed is concocting a witches brew that is risky if they hold Interest Rates near zero for too long. In washington, a small helicopter landing on the west lawn of the capital today. One person was reportedly detained and the streets were closed. The spot where the helicopter landed is with the annual Christmas Tree is set up. Former new England Patriots player and Aaron Hernandez was found guilty of firstdegree murder. The conviction carries a sentence of life in prison without the possibility of parole. We have less than one hour until the close of trading. Lets get right to the news desk where they are looking at the action. Triple digit rally on the s p 500. Mirroring gains in europe. Mario draghi announced that he will continue quantitative easing until he sees a sustained inflation. I just spoke with jeff klein talk i just spoke with Charles Schwab and he says that it probably still in the table. When you look at oil prices, we are seeing a big rally their. Oil is the hi
Fund in infrastructure. The fund will have a mandate to buy a variety of assets. Goldman plans to complete the fundraising by the end of the first half. Double line capitals Jeffrey Dunlop bought 20 million of puerto ricos junk rated bonds this year. Puerto rico securities have traded at distressed prices for more than a year under speculation it will not be evil to pay it 73 billion of obligations. A group led by tony ressler winning the bid for the nbas Atlanta Hawks according to a person with direct knowledge of the matter. The sale price was 730 million the secondmost ever paid for an mba team, behind steve over pars purchase of the los angeles clippers. The person requested anonymity because the sales process is tried it. We have less than an hour to go until the close of trading. Scarlet fu has an overview of the trading. Scarlet you have u. S. Stocks within spitting distance of a record high. 5 shy of matching it personal best set on march 2. The earnings we will be bringing you