To very warm welcome bloomberg day break. Im anna edwards. Lets talk about some of the extraordinary price action that were seeing in this environment with regard to the euro this morning or in the middle of the trading day in asia. Extraordinary is the key word in all of this. You would have missed out on a 1. 6 spike on the dollar. Take a look at what were seeing here. Even pulled it back on four trade full trading days. 1. 6 . We spoke to some of the Foreign Exchange traders out there. They said you have algo rhythmic letters snow building a. That snapped out the liquidity that was there around the turn of the year. Bear in mind some of the traders had to move in there and take losses to cover the positions. We saw a spike in the euro swiss. Move saw this specific against the dollar. A bit of a weaker dollar but in the scheme of things in the scheme of the eurodollar trade, this was a big move, anna. Algorithms being mentioned as is the norm. As we bridge this period between christm
Impact Investor Sentiment . He market is about to open and an arm and a leg. Japans softbank pays 32 billion for arm holdings. Is this a big bet on the internet of things and or an opportunity for currency trade . We will discuss that. Not 29 minutes away from the European Equity market open. Looks like we are going to see a reasonably positive start today. Over to the bloomberg and the wei. The fair value calculation tells us we will probably be of 3. 5 . A big premium being paid for arm holdings. Phenomenal move. We will dig into that m a. Assete see m a across classes . The pound is so much cheaper, particularly when you compare it to the end. The lira rebounding today. The dollar is lower versus the turkish lira. Breaking news that turkish stocks have opened and they have fallen. Turkish airlines, the tourist industry being particularly hit. U. S. Futures up. 3 . Money coming out of the yen. No need for that haven and no need for gold, either, it would seem. Part k aversion sparked
We have breaking numerbers. Beatenquarter has estimates. Analysts were estimating 2. 5 billion. That is for a target operating euros of 9. 510. 5 billion. Last year was 10. 1 billion euros. This is the big insurer. It is involved in asset management. It is all about pemco. The biggest in the world. Bill gross has been under scrutiny team. His management style. They are not the most harmonious. And now he is chief economic advisor. They are all intertwined. Has had withdrawals in july. The smallest monthly redemption since they began in 2013. The redemptions have lasted over a year. I yesterday afternoon, tweeted a pimco tweet to buy bonds. Someone said when you have long bonds there is one thing to do with the market. They get teased about that. It is their business. Outflows of pimco continued to slow. Yes we have had outflows but they are continuing to flow. Particularly in the United States it has been a volatile investment. It includes the global business, allianz as well. Down it
The set in protest and jason fresh off masters join us in studio to talk about the clothing line on tour. A big friday edition of barney and company and we start right now. Get a check on the big board as maria was telling you not a lot of action in the fact that it would be low if it wasnt for microsolve the that is right having a day and what they were looking for. Up big more growth in the Cloud Business. That is growing and growing so is that stock. Amazon is winner after posting higher sales that has strong results in Cloud Business. But remember this company is spending more and stock is up big time right now. Google getting boost take a look at google shares that is amazing parking google. Making a nice move. But probably biggest most i would say guyses as starbucks hitting an all time high traffic was up. Stock is up. S that a new alltime high. What does it mean . Take a look at nasdaq as a whole broke the record today and it keeps on going. Now, though, to fox business exclusi
Child, next. Now abc 7 news at 11 00, on your side. Leon anxious hours as an armed inmate escapes custody carjacking people in between, and tonight he is back behind bars. Alison now serious questions about how Wossen Assaye was able to break free and steal the guards gun. Tom roussey has where this started. Tom it started here at Inova Fairfax hospital very early this morning. He escaped, wound up in a womans car heading that way towards annandale, where the Authorities Say he wreaked havoc. It was nine hours before he was captured 16 miles from here in southeast washington. The First Response is, are you kidding me . They totaled the car, and they are leaving the scene . Tom at the time, he had no idea that the car that sped from his lawn was being driven by the target of a manhunt. He was flying up the hill. Leon an hysterical woman ran from the car to a nearby business. She was driving down backlick road and somebody popped up from the back seat. Tom that was the first of two carja