Is not seeing justice. Lebanon, theen of country that has an extradition agreement with japan. According to incoming chief naval. Close to 2 . It is supposed to be symmetrical or not. Spain, the Prime Minister is signaling growing confidence he will be able to form a government but he still needs the backing of the catalan separatist party. Besuccessful, sanchez will creating the First Coalition government since the 1930s. In australia, thousands of stranded tourists are on the beaches. Is turningk smoke the morning sky pitch black. Two more people have died taking the death toll to 12. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Matt . Wright in london with your first word news. S gauge of china Manufacturing Sector held steady. The manufacturing pmi index remained at a reading of 50. 2 all the outlook for new orders on the trade front, the white leading china hock Peter
A global bond rally after the central bank moved. Crude oil 5. 6 higher after President Trump tweeted that iran made a big mistake. 57 dollars a share. Oil companies and Gold Companies pushing stocks higher. Gold futures trading close on 13. 90. We have oracle being one of the bigger performers. Course, we are waiting for slack to start trading on the nyse. 33 to 36 looks like the spread right now. The dollar firmly on offer weakening against every single g10 currency. Trading is down quite sharply. Out itsaking alltime high. Fx ratecohead of strategists is joining us in london. Good afternoon. Is the dollar going down more sustainably . It depends on what dollar. Probably the dollar gets a little against emerging markets with hi carrie, but against the euro, if that is what you mean, it will be harder. The onlyhe fed is not factor. Other Central Banks are becoming more dovish. The ecb as well. The level of Global Growth is not a set up that allows the dollar to weaken aggressively. We
From times square in new york city, the new wall street week. Anthony we are pleased to welcome stephen tananbaum, managing partner and chief investment officer. Steve, great to have you on the show. Steve i m from new york city, my parents still live in the same apartment was born in. Upper east side, i went i i graduated high school there. Were did you go to college . Steve vassar. When did you study . Economics. You think you were going to end up on wall street . I were to the law firm, didn really enjoy it. I ordered the forbes stock market course over the mail, 450. Steve i had to trade stocks with bar mitzvah money. That was my spending money. And bar mitzvah envy. [laughter] steve that got enough money trading. How are you managing your bar mitzvah money . Steve the first talk i lost money in was robotics vision. A friend of my brother suggested it. The story didn t make a lot of sense. And then i membered thinking i could lose money on my own, i don t need someone else s advice
year doing this and for an agency that lost 5 billion last year that sounds awfully tempting. but critics are quick to point out the possibility of failure arguing the post office is not ready for these types of responsibility or the cost involved in providing financial services. they respond to that saying quote the office of inspector general is not suggesting the postal service become a bank or openly compete for banks. to the contrary they say they should greatly help bank offerings. the postal service has yet to embrace this report they say it is only reviewing the outside ideas and they will think about it. have a great weekend. coming up the time is 10 minutes until the top of the hour. a salt truck spins out of control ends up, look at this, suspended above a busy interstate. the frantic effort to get it down. one of the most popular ways to get an extra poos when your