The latest trend in fashion. , whichs a trend growing are u. S. Companies bringing their cash back from abroad. We know apple is the big one. They are going to be bringing billions of dollars back, which means theyre going to pay 38 billion in taxes. And that is really, for lawmakers to pass the tax reform, that is the eyes on the prize. They have built up this much money overseas, when are they going to bring it back, and how much is it going to bet go back how much of it is going to go back to the economy. In creating jobs, which is most important to the white house. Those numbers that were highlighted in the press release if you look underneath the hood, theres questions of how much is going to be repatriated back and where it is going to go . A lot of the money is in the denominated dollars. And will other Companies Follow as well . In the meantime, another note on that, apple is spreading the joy, with employees getting bonuses. We also have overall stocks up, and a wild ride that
Policies, and employment at a 14 year low. Macau finally bouncing back from chinas crackdown on corruption and excess. Rishaad beijing is to relax the rules on foreign carmakers. Local,something fairly the diversions between u. S. Rates and hong kong rates. 8081,ring up this chart the cap the highest since 2008, a widening gap, putting pressure on the hong kong dollar, and as result this is what we have going back a year and a half. Band and dont forget the 7. 757. 85, weakening here as we have pressure coming rate not being passed bor not reflected. Haidi it always reacts on any move out of the fed, but relief rallyreall turning into this global reflationary rally. We are waiting on the tax plan from President Trump, giving optimism to u. S. Markets, close to record highs overnight, trickling through when it comes to Risk Appetite in asia. 30 minutes away from that crucial open. Chinese markets in the green yesterday, but trading to fourmonth lows. Singapore, taiwan, and malaysia comi
The new health bill scrapes through the house. Ant financial remains optimistic despite fears the u. S. Regulator will block the deal. Rishaad a new era of competition, the maiden flight of a plane designed and built in china. That allimportant jobs report about 12 hours away. Significance given the weakness in recent months. Series of promises by President Trump as to how many jobs he will create. Need to. 5 million a year to reach that target, projected by that green line. We are not there yet. It would depend on sturdy wage and salary gains. Trend has been losing momentum in recent months, but gains in employment in march overstated that weakness, revisions as well. Sixmonth average is a bit , 163,000 jobs. It doesnt compare to last year, 237,000 created every month. Haidi thats right. That nonfarm payrolls number what the market is focusing on, also six fed speakers, including janet yellen. Fromll get more nuance that previous policy statement, the weaknesses transitory, whether th
Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has shaken the markets. We did see these numbers coming in stronger than expected, aggregate financing expanding to just over 200 bil
With. Everybody wants to sing come kumbaya and wants to hear that melody floating through. Julia and we recap another wild week of earnings reports. It is not turbulent. We are very stable. There is an absolutely an opportunity to drive through. Julia it is all ahead on bloomberg best. Julia hello, and welcome. I am julia chatterley. This is bloomberg best. Your weekly review of weekly analysis from Bloomberg Television around the world. The week began with Important News from oil global markets. Saudi arabia and russia signaled oil cuts are likely to continue. He is going to head straight to beijing where the saudi a a oil minister is speaking. Lets take a listen. We have come to the conclusion that the agreement needs to be extended. We will not reach the desired inventory level by the end of june. And therefore, we also came to the conclusion that ending will probably be better at the end of the First Quarter of 2018. With the same volume allocations that were included in the decemb