Challenge her. And negotiations with the u. S. Justice department are set to continue despite breakdowns in talks. Welcome, everyone. This is bloomberg daybreak europe, as we are naming our show here. I am and edwards. Anna edwards. Manus and i am manus cranny. This pink line shows you very positioning, and this is the inverse correlation S Performance and the rally of the mexican peso. Last e, the peso has lost nearly 9 of its value since the risk of trump. Anna it is different than last time, and that is because of the revelations over the weekend, the end of the last week, around the republican candidate, so as you said, manus, it pulls back a little bit. I would show you where we are on the mexican peso and where we are on the pound. This is as theresa may looks to build on understanding in brexit. The fed minutes are in play. You have got me mexican peso. The last time the mexicans onually intervened was february 20. You have also got canada on the move, and nymex crude is down. Currency isinese also in move, the yuan. Since the lowest september 2010, and that was a weeklong holiday, when the dollar was stronger, manus, asking if they would allow it to weaken just a little bit. And the price of oil in there, as well. We are focusing in on istanbul, and we will have a report there from yousef and the latest on russiaturkey talks. Here is angie lau. Manus. Thank you, anna, trump dismissed his vulgar comments captured in a 2005 video. He tried to distract attention to the issue by attacking her emailston over and past Sexual Misconduct allegations against her husband. Meanwhile, the democratic nominee said his comments to demonstrate he is unfit to serve as president. I did not say that. This is locker room talk. I am not proud of it. I apologized to my family. I apologized to the american people. But this was locker room talk. Mrs. Clinton what we all saw and heard on friday was donald talking about women, what he thinks about women, what he does has said thathe the video doesnt represent who he is. I think it is clear to anyone who heard it that it represents exactly who he is. E u. K. Businesses have adopted a more cautious outlook. It vote,ince the according to members of the chamber of commerce. They are using their first quarterly to lift confidence. And speaking to the acting erector general, so stay tuned for that acting director, so stay tuned for that. Markets reopened after a break, and the currency fell in shanghai. Now, that is the weakest level since september 2010, and until today, the China Central bank was speculated be keeping the , and a bankonger president says the central bank can cut Interest Rates further if needed. Speaking to bloomberg in washington, jordan also noted the bank has already pushed rates quite far. It makes sense. You have to distinguish between an exchange rate, negative rates, and the credit channel. That it is working. Would you be comfortable going into negative territory . Jordan of course, we have room to go further. Global news 24 hours a day powered by journalists in more than 120 countries. Ou can ride more stories i am angie lau, and this is bloomberg. Anna . Manus . Manus juliet is standing by. The debate. Looking at the dollar yen. A little bit on edge, are we . Eporter yes, manus and anna japan holiday as well, along with hong kong and also taiwan, but we are seeing this only slightly higher. Some analysts we have been speaking to said donald trump could have been done done a lot worse. But they are still giving clinton the win. And with the upside, rising by 1. 2 . China playing catchup to that shares last in h week, so with this steel producers and energy players, however, housing stocks coming under pressure. A number of chinese cities have imposed curbs in the property market, but a pickup in the shanghai market, each was closed all last week for golden week. And having a look at the market, down almost 3 . The condition is unstable. A little bit of weakness coming through from southeast asia, and we saw new zealand close down. A little bit of upside coming through in australia. Pi. Tty flat there in the kos noble group in singapore soaring on news that it has sold its u. S. Energy unit for about 800 million. They were outperforming the overall market at 3. 5 . This is a company that says it is going to build an online encyclopedia, and, of course, samsung of electronics. With the production of that note 7, were seeing them pull down from that high, about 2 . Anna, manus . Juliette. K you, and they may postpone a forecast date for achieving the inflation target, as said by kuroda. Manus it may not reach a certain percentage in the coming fiscal year. We expect Economic Growth will accelerate next year. Because of fiscal issues. And the full impact of the fiscal stimulus. This year, maybe a growth rate around 1 , but next year, a growth rate around 1. 5 or Something Like that, and report and inflation will grow . Da and in that case, they will likely accelerate growth. How about inflation . Prices and because of somewhat weakened expectations, the current rate of inflation is negative, so it may take slightly more months to reach the 2 inflation rate, but, i you have to carefully study all relevant statistics before we review the focus, so we may change. We may not change. One thing is quite sure. Economic growth is likely to accelerate next year. Seem to suggest that inflation may take a little bit longer. In 18 months rather than may be, the latest forecast of a month ago indicated that the inflation approach 2 h in the next fiscal year, but there is great uncertainty. There could be Downside Risk also, so at this stage [chuckles] yearmic growth next fiscal on the other hand, we expect the inflation rate to gradually to 2 , and when the inflation rate is achieved, it is up to the next forecast. Governort is the boj speaking to Francine Lacqua. Nothing like a monday morning at 11 minutes after 6 00, talking about centralbank policy in japan. Simon, welcome to the program. We have got the clearest mill yet that the boj might postpone its target. It would be the fifth delay towards that target under kuroda. Mon im trying to remember when we last hit 2 . I was probably much more fresh based than i am now. Kuroda anded about mr. T davos, and he talked about what the bank of japan would do. The market was deeply disappointed. I suspect they will be deeply disappointed again. this is one of the challenges. I am wondering. Is this still one of the top challenges . These are the leveraged bets on the bullish yen. The open Interest Rate yen is ratcheting, as you can see. Simon, how much of a challenges that, versus a delay in the inflation target and the targeting of 0 . A focus for the bank of japan . Because i am not confused. Becausehis is precisely abouthlights that this is dissatisfaction with the banks. People have been in a long yen position, because they believed to be bank did not have anywhere else to go, and when you consider what they have done so far, what can be done in terms of lying question what we have. Ot less twist again people are disappointed with that. Maybe we could do more purchases, but that really does not smell right. The bank is effectively nationalizing companies, even if only temporarily, and we all know they have backed away from this idea of money, so what else is left for them to do as a bank . And i think that is the basic problem. People have lost faith, regardless of what mr. Kuroda says. Anna you say some have backed away. Are you in that camp . Simon there is so much history with japan, going back to 1930, and the finance minister was actually assassinated due to helicopter money. It has finally passed. If they want to do something, they generally have the helicopter money, in my mind, and the signals are so strong that they do not what you go down that route, but what else is for them . Manus this gdp, the best since the 1990s, so the berating we might have over the ineffectiveness, growth is rising. Things are getting better. I am looking at this, and we are still exactly where we were in 2002, 2003, 2004. That is when the japanese were worried about the yens st rength, and if you look at what s was about, it has lost the last six of nine months, and i think that will affect the gdp numbers. Anna simon, thank you. He stays with us on daybreak. Prize will beel announced on tuesday. We get to check on german Investor Confidence with a new survey. On wednesday, the fomc minutes are released, and then Boris Johnson will testify to members of the u. K. Parliament. Finally on friday, u. S. Banks, including j. P. Morgan and wells fargo, take off the earnings season. And coming up, a double whammy for twitter, struggling to find new users, and it can seem to find a buyer. Is Live Streaming the way out . , using billd trump clinton. Did hillary take the bait . We discuss the big debate. Anna plus, get real. It doesnt stack up and we are at luxembourg. This is bloomberg. 1 19 a. M. Is just on in new york, columbus day in the united states, thanksgiving day in canada. The dollar index. Angie lau. Angie . Manus, it is a holiday in hong kong, as well, as we honor our ancestors. Banks are closed. Years long investigation into lenders handling Mortgage Backed securities continuing. That according to people familiar with the matter. Reported that a ceo was not able to reach an agreement with the doj, and a richer Bank Spokesman declined to climate comment on the talks. Royal familyqatar raising a stake in a company to 25 . That according to people familiar with the matter. And samsung and their production phones,r note 7 according to a person with the let with direct knowledge of matter, some catching fire, and some companies in the u. S. And australia had already 7s overselling note y safety concerns, and one company agreeing to sell their unit. This largely completes a drive to raise 2 billion. Noble has had mounting losses and a liquidity squeeze. And that is your Bloomberg Business flash. Anna . angie lau in hong kong. The second debate between donald trump and Hillary Clinton. Donald trump dismissed his comments he made in a 12,005 in a 2005 video and talked about her emails and allegations of sexual this contact by her husband. Missed clinton hit back about him being unfit to be president. It was locker room talk. I apologize to my family. I apologize to the american people. Proud of it, but this is locker room talk. Mrs. Clinton what we all saw and heard on friday was donald talking about women. What he thinks about women. What he does to women, and he says the video does not represent who he is, but i think it is clear to anyone who heard it that it represents exactly who he is. Our politics reporter joins us from missouri. Kevin, or to see you. How did donald trump response to the comment . Obviously, he was caught on tape. Kevin well, having to debate this, so many Top Republicans have been announced his candidacy, from senator john , said he senator thune was facing intense scrutiny and pressure to address this, and he talk, was locer room and then he attacked the clintons. Hours before, i was in a press conference, where some of the women were accusing the clintons, saying bill clinton was a predator. He sat right next to them, and he brought it up and relitigate it right before our eyes many of the same issues that happened during the clinton years, so clearly, every source that i spoke with, they thought that Hillary Clinton was rattled. They view this as crop going donald Trump Going Nuclear and signaling that he is not going to way, not dropping out of the race, despite rumors to the contrary contrary, and he is set to appear with his running mate, mike pence, tomorrow. Anna donald trump was not complementary towards mike pence tonight. But lets turn to hillary. How did hillary perform . Kevin hillary raised several questions about Donald Trumps temperament. To see some of the women in the same debate all that have accused her of predators, seeing them in the hall was quite remarkable, and she continued to bring up his temperament issue. She continued to raise questions about the legitimacy of the arguments that he was making, but at the end of the day, she leads and the national polls. She leads in several battleground states, and i think that the clintons, while they may not be too happy about this debate performance as a rule, still feel pretty good that this debate did not change the dynamics of this race and that she is in the lead. Kevin, thank you very much. In the building, lets talk about the u. S. Election. This is volatile to going all of the way back. Onemonth volatility. Why . When you see these kinds of moves, is that the market . They never believed that trump would make it . She is widening in the polls. What do you make of it . Simon you are absolutely right. They do not think that donald trump is going to make this. The second thing the market is focused on is the yield is the yield seeking above anything else, and it just wipe it out. It is fascinating, because the volatility using now is so low, even the other election, one of the most dramatic, and yet we had a relatively modest spike in volatility, and even compared to that manus obama. Simon 2008. The financial crisis. But go back to 2000, when we had battle, we did have a modest level of volatility. Compare that to where we are now. And the market is increasingly coming to terms with another Interest Rate hike, looking more in more likely, at least, from the fed. Polling for Hillary Clinton after the weekends developments around the u. S. President ial race. Where does that leave the dollar . Where does the dollar get . Simon if this is about yield seeking, we have already pretty much factored in the rate hike. We already know they are pulling back in terms of what it is forecasting in 2017, and remembering that we started this year forecasting of for you are rate hikes, and we had ended with one. It might end up with one at the most, and i think that is the point, that this is a fed that is ever more dovish. Simon, thank you. Up next, we are going to talk with the greek finance minister. The germans have changed their views on debt relief. The latest by the meeting in luxembourg. That is coming up. This is bloomberg. A live shot there of the Emperors Palace in tokyo, and the dollar yen. Daybreak, not just here, but on the terminal. Lets look at some of the top stories. U. S. President ial debate, we were all glued to it, and the candidates gave all of the fireworks in their second headtohead, firing over donald trump and the emails. Not quite as high during the debate, but it was high before we even got to the debate because of all of the revelations over the weekend, manus. Manus yes, and the mexican pesos. Choir, leaving washington without reaching a settlement with the department of justice over a potential 14 billion penalty that is much debated on the size and the lenders ability to handle it. Of course, there is another story. One of the top three shareholders. Would they buy 25 of Deutsche Bank . That is the other story in the market for this morning straight. That and we do understand this man, john cryer, has not finished his situation with the year j, and samsung is said to have halted its production of following anote 7 recall over it catching fire. It is going to be a big week. We have got janet yellen speaking and the minutes. We have got. There is the dollar mexican peso. One thing strikes me. As you said, the peso rallied as much as 2 . That is when the debate ticked off. We gave back some of those. The bestperforming currency since the first debate three weeks ago, the dollar mexican peso. On friday, it lost as much as 6 before it bounced back, regaining most of that lost ground, but now down one quarter of 1 . The way to, on denmark and the netherlands to try to build understanding with leaders around what she is trying to do with breaks it. With brexit. And now, we will get it right. This is the yuan. Reopened after the golden week, but this decline in fx reserves, that is the lowest since 2011, so anybody who thinks that the chinese are not in their barrier of 6. 7 are, indeed, misguided. Oil is down. Will it give above get above 50 . Any deal around opec freezing production great lets look at what is going on with the euro group. Greece returns to the limelight as leaders meet in luxembourg. He criticized the position of his german counterpart on the issue of debt relief. I understand i do not understand where he has this triangle where he believes the program will work, and there will be much debt relief. Something has to give there, and i think deep down, he partly understands that. Anna joining us is our reporter. Great to have you on the program. What can we expect on the subject of greece today . Reporter a big surprise, the eurozone finance minister approved this tron of the euros, and that would be a big surprise. Signal toould investors that they have been running behind schedule again. And then there is what comes next, because grief still wants some kind of debt relief iv end of the year, because greece still wants some kind of debt relief by the end of the year. They have not made any financial contribution to it yet, and the chief, christine lagarde, set in washington, d. C. , over the weekend she was very skeptical that greece could recover with some kind of debt relief, but the german finance minister would be here in luxembourg today. To get greece this debt relief. The finance minister also compared over the weekend greece , trying to avoid being trampled by two fighting elephants, the imf and germany. Great image. And the tax, what about that there . Caroline there was the first proposal, 2011, the idea to make the finance industry pay for future bailouts. That for unanimous approval of eu leaders. Former leader, george osborne, this was an argument by the brexit camp. Group of 10er countries is back at the negotiating table, led by austria and also including france and germany, at some other countries, like slow back slovakia, might back out of the deal. And this was the death of the financial tax in luxembourg, and finally, of course, will be watching very closely for any comments from the eu finance ministers about brexit. Creating extreme volatility. The chancellor will be here tomorrow in luxembourg. Na caroline, thank you. Ere for us ina th luxembourg. Investors worried that the government may mean forgoing access to the market. Suffering its biggest tumble since the vote to leave the eu. Ina the currency weakness the aftermath of the referendum, the latest slide may carry more costs. Simon is still with us. Yes my favorite statistic right now. If i can find it for you, manus. The pound lost a lot of ground. The referendum, only two other currencies lost more than the pound, including in sierra leone and mozambique. How would you characterize trade in the pound . With emerging market currencies trading right now . Simon in terms of before, it has been quite astonishing. It does fit in historically, because it does have a history of when it moves, it really moves. Doing nothing for five years, or moving by 25 . Go back over 30 or 40 years, you have three or a few are moves in excess of 20 in six months. We can see why this is happening. We can see the talk about what is happening with monetary policy, fiscal policy. The question is, if they become uncomfortable about what is happening with sterling, what can they do about it . What can they do . The conversations i have had ers ishe weekend with trad those with short positions, as short as they were in 1992. The view of the market seems to be hard brexit is what is what to come out of this administration, right up until the point they get into article 50, so there is very little opportunity for this to turn around. Simon i have to say i agree with that view. The negotiations are going to be easy with Continental Europe simply because they have no vested interest for a from a toestic political standpoint show anything towards the uk in negotiations. We have already had a very clear message from the government as to how this is going to go. We know that the level of uncertainty i think one of we knowellwethers they have been talking about a moratorium on the spending. We know this is going to be ,ifficult, so the question is what seriously could the government or the authorities do to slow a decline in sterling right now . They are not going to hike Interest Rates. Manus the cards. Is becoming a it little less likely, but even if they do not cut, given what we know about what is likely to happen to the economy in the next few years, the downward pressure, and if you are not going to do anything with monetary policy, what else are you going to do . To talks, we are going to someone later about what they want the fiscal response to be. Is this a real possibility for the u. K. Now, simon . Simon i think the risk of there, andactually clearly, if you go back to the august press conference you a prize were taking place in the supermarkets, and at the moment, that is not an issue. , sotill have got oil supply from the perspective of energy, it is not quite over, but we are coming a long way there he quickly. The idea that you could see a pickup in inflationary pressures i think the other thing is big numbers in the u. K. , things like that, it reads very badly. Manus a quick answer. Do you want to be short cable or short the euro . Simon it will be the dollar. Thank you for spending us the last 40 minutes or so with us. And the Energy Congress starts in istanbul, hot on the heels of algiers and the global oil production. Our bloomberg reporter joins us. Very good to see you on the program. What can we expect . This meeting really was not anything special until the past few days, with a turned into an unofficial opec meeting. Cannot say exactly what were going to expect on the heels of that algiers meeting on september 28. We do know that they do agree to plan to cut millions of barrels of oil a day, but do not expect anything concrete just yet. The already heard from the energy minister, alexander novak, saying this was just consultation, and in terms of them really coming to agreement with countries outside wanting toel but continue with the opec agreement, that will have to be next month in vienna, so what we are hoping for today is any kind of details ahead of the official meeting in the yen at next month. Certainly, he then i on the price of crude, and since the algiers deal, crude has been trading higher, nearly 10 , and if we hear any positive chatter of this deal sticking, certainly crude will get a boost from that. Annmarie, putin will be in attendance, and after the jets that were downed by the war plan, that was last november. Why is he attending now . What is the symbol between erdogan and putin today . Annmarie it seems the relations between the two have healed since the downing of the jet in november. Did apologize in june, and it seems like they are back to business as usual. Stream, that pipeline was shelved when the crisis happened in november, but we did hear from the Russian Energy minister talking to a local paper saying a draft is ready, and we could see that signed here at this conference. As hes they, it is his first visit to the country since that as yout down to say, it is his first visit to the country since that jet was downed. Nnmarie, thank you very much, joining us from istanbul. Kind of like that. Lets talk about the bank of japan. Says he is confident in his policy and that he will bloombergs he told Francine Lacqua that there might be times they miss the target. the central bank, arguing that the shortterm Interest Rate can be completely controlled or the longterm reality,rate, but in after the crisis, after the Global Financial crisis, all major Central Banks have been directly intervening in the longterm asset market to influence longterm Interest Rates. They have been successful in reducing the longterm Interest Rate, so from our experience, both with qe with the negative Interest Rate, we are quite sure that this combination could make control particularly not just short but the 10 year. Completelyy that is controlled, the 10 year Interest Rate, but from our experience, thebasically longterm interestrate to be around 0 . 0 . Ine what is around kuroda we have introduced some other measures. If necessary, we can make a new measure to cap the longterm interestrate to go beyond our suret, so we are quite , butwe can basically do it we can introduce new measures which could avoid the Interest Rate beyond. Anna mr. Kuroda there from the boj. Coming up, samsung takes a hit, as they halted reduction of the note 7 phones. Manus and the inflation situation. We have got more with the bank ,f japan governor, mr. Kuroda this as he signaled they may have a heavy inflation will target until 2018. And a cautious tone on investment. We get the story on bloomberg. Anus you are looking at really gorgeous shot, where we have the World Energy Conference getting underway in istanbul. Anna 6 50 here. And angie lau has the Bloomberg Business flash. Angie thanks, anna. Thanks, manus. U. S. Justice department to resolve a years long investigation, continuing according to people familiar with the matter. Earlier, the german newspaper reported that the ceo was not able to reach an agreement with doj, and they refused to comment on the article. Ofnwhile, the royal family qatar is considering increasing their stake in the german lender as much as 25 . That according to people with knowledge of the matter. And samsung has halted production of its note 7 phone. That is according to a person with direct knowledge of the matter. This was issued after the global recall, also catching fire. Shares fell as much as 4. 6 on the latest news. Group shares jumped after it agreed to a sale for 800 million. The deal largely completes a drive to raise 2 billion. There were mounting losses and a liquidity squeeze, and that is your Bloomberg Business flash. Anna . Manus . Back to you. Theresa may will visit a number of european capitals. Anna this comes after her governments focus on immigration vote,ing the brexsiit with concerns over losing access to the market. Manus heading to berlin, paris, and warsaw. Our next test wants them to our nexte 50 guest says evoking article 50 without a vote in parliament is not legal. Anna they say it is not just about brexit. Joining us in the studio, great to meet you. Do you want to achieve with this very ambitious case . Guest the government cannot use this antiquated, secret prerogative to overrule parliament. We are a parliamentary democracy, and we are hoping to achieve a vote in parliament, and then it act of parliament to trigger article 50. She says she is not overly parliament, because parliament gave them the authority for the initiative, and to go back to the parliament, that would be to subvert democracy. That is what she said. Guest that was political bluster. There was nothing in the 2015 act. In fact, it is bereft of details, as is article 50 itself. It is very few words. Getting divorced by mergers and acquisitions, whatever it is, we have a Legal Process. Article 50 does not have Legal Certainty, and that is what my case is about. It is saying what is a Legal Process for us to trigger article 50, and the much wider constitutional question is can the prerogative be used to take away peoples rights . In our view, it cannot. We have gone back 400 years, and it is plain, in our view, with legal president , that a government cannot do this. Which sideepends on of the coin use it. Who is backing you . Gina in what terms . Manus at you reached out to other groups . I am not interested in a second referendum. I am not interested in challenging anything. I interested in the process, because if you think of it from the point of view of Legal Certainty, if we trigger article 50, and it is nothing like anus you have got prerogative to challenge the will of the british people, and we have voted . I am not challenging the british people. I am saying there is a process. If i give you a scenario. Say we trigger article 50 under the prerogative, and the clock is ticking for our negotiation, and then there is lots of legal cases, our clock is still ticking, and the government will not be able to negotiate. Say you are not taking issue with what the people have decided in the referendum, but would you be doing this if it would that be this legal is this informed by a view that you wanted to remain in the first place . Have moved on, and i think everyone has moved on. We are leaving. If we do not do this, we will have problems for years and years and years. Anna you do not have the same destination. Gina i have not reached out. Anna other any other politicians . No politicians, no leaders. There are much wider issues, from my point of view, with if this sets president , because room ever, we do not have a written constitution, then they are going to ipass parliament. Anna what you are doing gina no, no, no. To speak your mind has lots of consequences, as we know, and i am not interested in reaching out. I interested in going to the courts and getting the Legal Certainty that the markets and we all need. Na, thank you for joining us this morning. We will see how the plan goes. You have gotten an expedited reading, and good luck with the case. We will see where it takes us. Anna will continue to talk because some say it is having an effect. We have a guest will be talking to us next here on bloomberg. The Prime Minister under pressure over the weekend. For moreg to push involvement of business in the decisionmaking. We are on that next. This is bloomberg. Theresa may is traveling to denmark and the netherlands. The signals are rattling global nerves. Is acting director general asked about his latest is manus survey and the chairman lenders are negotiating with the department of justice and they said they will continue, despite the reports. Welcome to daybreak. Welcome to day break. Welcome to the program. The Asian Session in our mind and we will show you where we are going to go. And they markets have been going their own way. We have talked about this many times and the peso is a big story overnight. We have this movement with u. K. Futures indicated that little bit higher on the back of the debate last night and the market is decided that the winner was the mexican peso. You may not have gotten as big of a bank for your buck. We have some of this back and t if youyour trumpome want a movementer, for that election. To heade happening towards that election and we have the pound lasting more than 6 . Denmark andgoes to she is trying to build understanding for brexit. Trying to take some of the and wet of the market see the weakest level since 2010 with the fx reserves at the lowest since 2011. Price and had the oil the recount in the u. S. With the russians playing out this today. Japan in theout clear signal that postpones the inflation target. Japan and ion in expect growth and the fiscal stimulus package. Aroundar, the growth is the economy is likely to accelerate the growth and there has been a decline in the rate of inflation the ratesore to reach we have to carefully study and the growth is likely to accelerate. It will take a little longer. 2 . T approaches there is uncertainty and there could be downsides. The Economic Growth is likely to consider into the next fiscal year. Upare accelerating and it is to the next one. The governor of the bank of japan talks to francine. Companythe holding operating and they are increasing the stake in the and they expect to hold there isose rights and a series of operations that increased in this business and they had interest in transportation and other areas and hope to increase the focus in the company. It is all about content is what they tell us. Clinton lived up to the expectations in the bitter faceoff. Trump attacked clinton over the email use and the democratic said that trump is not fit to be president. I did not say that and you do. Ot understand what was said this is locker room talk and i am certainly not proud of it. This is locker room talk. What we heard and saw was donald talking about women and what he does to women. That the video does not represent who he is and i think that it is clear to those who heard it that it represents who he is. The Chinese Markets reopened and the currency fell to the weakest level since 2010 with that this will limit capital outflows. Cutcentral bank can Interest Rates further, if needed. Rates. K has pushed distinguish with the credit channels. Goingl you be comfortable further into negative territory . We will have growth, if necessary. Powered bys is journalists in 120 countries. And this ismore bloomberg. Chinese policy is on the move hong kong closed and you can see the little changed today ish the market that outperforming and it is playing a catchup over the course of are getting the upside of 1 and this is really a standout with some of the and a flatvelopers zealandheir with new and thailand is the one you want to be looking at. Is falling, as well. Take a look at some of the and they are watching and it is ae report. Trong performer thank you. That was the latest on the asian markets. Businesses have using the first Quarterly Survey and improving new infrastructure. We are joined by the acting general. Us. K you for joining lets get it straight. There is a misguided confidence and there is not a is theal and this beginning of the manifestation. F the reality of this brexit it is a movable feast and we are seeing that a few of us are and it is important and theyledge this cannot solve the brexit question every night. Were hearing the phenomenon talked about a lot. Are pushing back on investment and they are not going into reverse and that is important to say. Some say it is a doomed proposition and others say it is the best thing to ever happen to the economy. The answer is somewhere in between. There is definitely a pullback. Welcome to the show. This could be a hindrance or a there are five stages of concern. There talking about how the structure of the u. K. Economy zero rates ont this and that is the point on this and it is not going to be sold overnight. The whole point is that a weaker currency should help the structural. You look at the different unclear in theis transition mechanism with the whole debate and it is hard to see where the financing comes from. Heard you as demonstrative is a mark of the pound. There are some manufacturers and there was quite a lot of being buffeted on one side and helped on another. They want a currency that is more stable and there is more around the hedging of the contracts. There is a slightly new reality and things may change again. What is it that you would want to see in your statements and is there anything the start the can do to market. The u. K. Has a great Corporate Tax regime, and in a lot of respects. This is not what the businesses are obsessed about. They are assessed with the and you property taxes make this more competitive. Everything you want to know, andave that Credit Rating and does itrisk matter . Am not as convinced because of the bond market and there is andsk with the foreigners there is certainly a risk around that structural issue in the rebalanced if it will because of what has happened. Ok. Thank you for the thoughts. Here. You for joining us we have more from our interview with the bank of japan. His could go further do not miss it. This is bloomberg. Welcome back. The u. S. E patterns on dollar and these headaches are getting worse. The supply, there is the report of new fires. We have 599 suppliers having a look at this and applying this. One of the big customers. Will this be a moment . We have the exclusive interview of the invasion for japan the inflation for reaching 2 . Oil prices and the current rate of inflation may with the months inflation rates and we have to all of thetudy review thed forecast. Manus has pulled up this chart to talk us through the leverage funds. They just keep coming in buying the yen. I will give you a clue that i am not clear on the bank of the japan the bank of japan and i do not know where they are going. The bank of japan is unlikely to hit the inflation target and have not done so in years. Are you clear about the yields, and the inflation . They do not think this will definition. He they are doing little tweaks to and cy to be fair, they said they have negative Interest Rates and they are targeting the yield curve. They were creative and bold dollaryenshed the and was a big move. Weakening the currency and you can think about the other Central Banks and the currency is on the cheap side and i think this is why the general drift will go lower. Under abenomics. Is this what it should be . We are not if you are going to hit any of these, you have to be a bit stronger and qe is not going to do it. This is our edition of the show. We are going to hit the road with guy and caroline. Guy welcome to bloomberg markets, the european open where we will bring you the first trade of the day. This is what we are watching kurt the gloves come off. The second u. S. President ial debate got personal as a candidate discussed Donald Trumps crude comments from 2005 and bill clintons past. But did donald trump outperform expectations
comparemela.com © 2020. All Rights Reserved.