Moves and mixed trading for the major averages. We do have alltime highs for the three major averages. This follows similar action anticipation of the shortterm funding plan being passed by congress to keep the government open until february 8. Some asking what could possibly stop this bull market but lets ask what is the tailwind . Lets hop into the bloomberg to see one potential answer. This is a look at the earnings picture for the all world equity index. For several years, it was flatlining. That led into the correction that we saw in early 2016, thats turning to climb in 2017 and take a look at the spike early in 2018. Lots of analysts boosting the profit Outlook Companies based on that tax reform, especially here in the u. S. This could be a tailwind for the record highs that we have seen for the markets, more recently as valuation becomes more reasonable. Lets take a look at two winners laggers. Acquers netflix up nearly 10 . They also boosted the guidance nicely. The company no
The future for the banking world and the political escape. The exclusive conversation at 9 30 a. M. London time. In the meantime, lets check on your markets. This is what i am seeing. A lot of the talk will be on burberry after the company put out an announcement that maybe was interpreted in the markets. They didnt see anything worth buying the stock. It is down here in europe. The european stocks taking their cue from quite a volatile session in asian markets. The dollar flat. Treasuries flat as trump challenges china over unfair trade practices. Ere is nejra cehic nejra in the u. S. , republicans on the house ways and Means Committee ames to aims to release their tax reform bill later today. Speaking exclusively to bloomberg, Steve Mnuchin stressed how crucial getting tax reform through is to the white house. This is the president s most important domestic agenda item. We are going to get this passed. The objective is to get it to the president s desk in december. Nejra the uks gove
Anna welcome to bloomberg daybreak. Im anna edwards. Manus im manus cranny. Another day and another momentous moment from the white house. We are talking about the Washington Post article which has been denied by the white house that the president classified information to the Russian Foreign minister and ambassador. How are markets taking this second big political punch . The dollar has dropped. It started pretty much in the middle of last week. Poor sales, cpi data so the dollar fell in the fifth day in a row, the longest losing streak since march. The dollar is back at level when President Trump came to our. This is the second political punch the dollar is lower. There is no aggressive Market Reaction to the story which has been denied. Anna the dollar weakening for the fifth day. They have seen this moments of Building Momentum building. Asia risk radar on asian equity markets now. You can see a little bit of risk aversion trading coming through as these headlines dropped. The doll
Hello, everyone, thank you for coming out tonight. Im Larry Cohen Davis shoulders, the Early Release of this book refinery town big oil, big money, and the remaking of an american city, thank you for coming out, this is part of a partnership we had going for a couple years now we are selling books and hosting events in three location this, and at this location, if you would like to pick up a calendar you can see where we have events throughout the city in addition to the ones we host at the main store of the location. Part of that is you want to drink throughout the event, treat the servers well but we think the busboys for the relationship we have going on here. I have a few housekeeping notes to get started if you will silence any cell phones, so we dont have any interruptions during the event, we will do the signing right here, the place to purchase the book in the bookstore. If you havent already there are plenty of topics out there and of the you here in the store but in the room,
Production is the highest on record. This adds to the disinflation story. This will be the excuse you will hear. It is part of the reason for the movement in this inflation story. Crude oil is under pressure. Lets have a look at equity markets. Equity markets are lower. We will see what is on the agenda. Other side of the exchange. He says the ecb should hold on. Equities are lower. I am just curious as to whether theoil is on the downside. Credit rating is not that good. That is a little lower. Lets give you a flavor of what is going on. I know you will do that later in the show. Three other companies. Cash generation is great. Up 8 . We know when older people like me think about retiring we are not going to be forced to buy an immunity. They are going up to Companies Like bloomberg. That business is 29 . The coin. Two sides of cash is king. B w down 1. 4 9 . Third quarter numbers beat estimates. Profits and margins beat the forecast for the year. The stock down 1. 4 . Hugo boss, you