Even though officials did not exclude the bond buying thing extended. That is what you need to know. David continuing on the top story about the ecb. A many tempora cant a mini tenter hampshire a mini temper tantrum. Gradually tapering away from quantitative easing. We are joined by paul gordon, our editor responsible for covering Central Banks, and guy johnson in our European Headquarters in london. Paul guy, im sorry. I want to go to you. Tell us what the reaction was in the markets over there. Guy the Market Reaction was fairly fierce, to the honest. May of 2013. Be of the market was spooked by thats would have a ecb taper when the Current Program winds down. But the rational heads are working their way through this. Of course the ecb is thinking about a plan for when he needs to wind down, but if you took a look at the latest data, the expectations, in the ecb, the ecb downgrading its projections. The eurodollar rate, but it did not pick up inflation. It is not expecting to meet it
Borenstein. Amanda lets check in with our Bloomberg Team for indepth coverage. Miller in berlin as german low, andp to a record andr current enda curran simin demokan. David we begin in london. Mario draghi and company have begun buying Corporate Bonds. Lets bring in guy johnson. What do we know if anything about which bonds they are buying . Guy they are looking for the most liquid bonds. This is a new phase for mario draghi and the ecb. It is looking to step up its program, boost its Balance Sheet, trying to get money in different areas of the economy. It is buying the most liquid names in the corporate sector there, anheuserbusch. They have been buying spanish telephone companies. Liquidig names with big pools of Corporate Credit that they are stepping into. The Bond Buying Program has been rippling into other assets so you see it affecting the equity market. Affect also. Year buy aroundoking to 5 billion each month, and we will find out where. That the market has been front running
Down a bit, as for the 10year note yield and oil, really oil and perhaps becoming more important yet again to our broader equity markets it is up rather sharply extending gains from oh. From friday after the strong jobs number. To our road map and it starts with walmart buying jet. Com for 3 billion in cash and 300 million worth of walmart shares. That will be paid over time. The biggest acquisition of an Ecommerce Company ever. More on the deal coming up. Plus, delta trying to get back to normal after all flights were grounded across the world due to a computer problems. Shares lower this morning. And from the pool to the beach, all the highlights from rio, including Katie Ledecky and michael phelps, both of whom wowed the crowd last night. I could watch that swimming all the time. Just love it. Being thats what i do. More important on the troubles of brazil. Just watch the competition. The competition is incredible. It is. Moratorium on the life. Heres the problem with the water, the
The clerk. Iletm will appear on the september 20 board of supervires agenda unless other would stated todays meeting is broadcast by sfgtv staff. Madam clerk and believe there fss request to call item 5 first but since thats supervisor kims well call item 1 until she gets here. Item 1, hearing to consider that the transfer of a type 48 onsale general public premises license from 451 bush street to 447 bush street district 33 for sffsre, lcc dba fluxus, will serve the public convenience or necessity of the city and county of San Francisco. Very grood. Thank you we have a presentation . Police department. Good afternoon sergeant kenny, San Francisco please. Alu has giver an presentation on this location and we stand by our previous answers. Great, thank you. Okay, open up Public Comment on this item. Item number 1, 447 bush street. Well close Public Comment. Dwoo ehave the applicant here today . Lets keep the item open and well go to item number 2. Item 2, hearing to consider that the is
Average. We had the big rally comeback rally and its been going sideways now. Its going to be 39 days today trading days when we have failed to see the dow move 1 up or down. Its happened again today. So as we kick off the month of september, kelly, after the postbrexit rally, we wonder if we get any volatility the month, right . Automakers are probably happy august is ending. Sales coming in weak. Well look at how long this downturn could last. Oil is hit today down more than 8 over the last week. But if you think its a buying opportunity, think again. We have somebody who says things are just going to get worse for the energy patch. Well, heres worse for you. Samsungs new phones are on fire. But not in a good way. We told you last week sales were much stronger than expected but issues are arising this week with reports of the batteries catching fire. Delays now in getting the phones in peoples hands. We have pictures and the impact coming up. Horrible, horrible timing with the iphone