Today the dow dropped, and the nasdaq edged down. 04 what does it mean to fit the profile . The company has to be a direct beneficiary of new tax law and it needs to come from a cohert under loved by wall street in order to garner support from todays portfolio. What stocks meet that criteria the craziest ones, thats what let me give you a classic example of crazy consider the stock of newcorp, the steel maker. Newcorp has been tough to handle in 2017 rising 27 for the year, far behind the averages and spending well below that level because the company has performed at a less than optimal rate weve been advising members. It could be a rocky road basically you had to hold your nose and buy it because it will eventually come back in favor of the wall street fashion show last thursday before the open, newcorp gave you an update on its Fourth Quarter telling you it was going to earn between 50 and 55 cents a share now, mind you, newcorp had already forecasted the report slightly down number
There is an upside risk to the bank of england current forecast. You see that reaction in the market. Gilt still positive on the day come up by two basis points at the moment. The 10 year has taken a beating over the last week, a full basis point on the day pending 0. 91 , pretty much unmoved. Alix more data coming out. The boe sing the impact of august stimulus is encouraging in the secondhalf slowdown, maybe less severe. , but untilt more qe then, it is a wait and see data. Jonathan it is a longterm near nearterm longterm versus nearterm situation. You wonder what this means for the rate debate. I want to cross over to nejra cehic. Confusingt has been isnt the nearterm data points, the conviction around what would what would happen around and brexit vote. John come as you mentioned, we have had a sentiment indicators, the pmi rebounding in august after we saw them a head lower in july. That impact from brexit has been limited, at least for now. Economists change their views on whethe
Ducks in a row. We will reserve our right to oppose. Ramy decision day approaches for the fed. Of everyone has an opinion. It i cant see a case for a tightening. Ofthis has been a topic almost numbing boredom to me. Ramy its all straight ahead on bloomberg best. Hello and welcome. Test bloomberg best, from Bloomberg Television around the world. Lets look at the top headlines. When Federal Reserve governor speak, people listen. She had the financial world on the edge of its seat. She kept a debit tone in her mark remarks today. Shes a progress continues in the u. S. But the bank would be wise to continue to keep politics lose. She has a dovish reputation. She is concerned about the labor market and international concerns. What do you make of her speech and where we stand in regard to the upcoming meetings . They were in line with our expirations, even more dovish. She talked about patience and a caution. We think that the data has cleared the hurdle for us for a september hike. There is
The negotiation, when it will start, will be global. I dont mind the Government Spending a few months getting their ducks in a row. We will reserve our right to oppose. Ramy decision day approaches for the fed. Everyone has an opinion. I cant see a case for a tightening. This has been a topic of almost numbing boredom to me. Ramy its all straight ahead on bloomberg best. Hello and welcome. Im ramy inocencio. This is bloomberg best, from your weekly review of the most important interviews and analysis from Bloomberg Television around the world. Lets look at the top headlines. When fed it governors speak, people listen. She had the financial world on the edge of its seat. Said board member Lael Brainard keeping a dovish tone in her remarks today. She says economic progress continues in the u. S. But the bank would be wise to continue to keep politics lives. She has a dovish reputation. She is concerned about the labor market and international concerns. What do you make of her speech and
Spending a few months getting its ducks in a row, getting ready. We will reserve our right to oppose. Ramy plus, decision day approaches for the fed. Everyone has an opinion. I cannot see any case at all for a tightening. This has been a topic of almost numbing boredom to me. Ramy its all straight ahead on bloomberg best. Hello and welcome. Im ramy inocencio. This is bloomberg best, your weekly review of the most important interviews and analysis from Bloomberg Television around the world. Lets kick it off with a day by day look at the top headlines. When Federal Reserve governors speak, people listen. On monday, Lael Brainard in chicago had the financial world on the edge of its seat. Federal reserve member Lael Brainard, keeping a dovish tone in her remarks today. She said economic progress continues in the u. S. , that the bank would be wise to continue keeping politic loose. She has a dovish reputation. She is concerned about the labor market and international concerns. What do you