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Building. All of this a couple of weeks away from jackson hole. The conversations are really going to build up ahead of that speech for the fed charean net yellen. If she mentions that, were going to have the same kind of move. David theres more of a raise than people think. Alix the debate continues and were going to chris just from energy to opportunity to real estate from sam zell. Plus were going to speak to the c. E. O. Of the biggest Mining Company of the world, andrew mckenzy. There were the fx market, a great market. Its soft on the d. A. X. Down by a half percent. And this is the spillover from equity into bonds. Yields on treasuries coming in three basis points on a five year. Now just 69 basis points on a two year. Were in three basis points on the u. S. Twoyear. The big move is youre seeing a weaker dollar on the crosses against every single g10 currency. Dollar yen, the biggest mover breaking in at 100. And historically, heres the story. Youve go all the way back to 2013 f
Not adjusting well. I dont think there are any winners. It is an accumulation of evidence that Monetary Policy is ineffective. Helicopter money practicality is zero. Scarlet it is straightahead on bloomberg best. Welcome. I am scarlet fu. This is bloomberg best. Start with a look at the top headlines. Monday began with a dose of disappointing data from japan. The company the economy grew less than expected. It contracted a second straight quarter. Well shy of the analyst thinking. What other standouts are there here . These numbers will not help. The take away, net exports were a drag on growth. X fell. Cap the strong yen is hurting demand from overseas. Fromemocratic drag coming a shrinking population is sapping demand. We are getting hit on both fronts. It puts the onus on Prime Minister abe to prevent a recession later. How might he respond to these numbers . He could accentuate the positive. Even that does not get him out of his hole. Think about the potential growth rate. It is lo
We are going to see if he puts his money where his mouth is and is a weapon the center to motivate Japanese Companies to list wages in some kind of meaningful amount. Post brexit hard data, import costs surging, input costs jumping. That is the story and the date of this morning it seems. The number of 4. 3 , to a seenise given what we have post brexit in the pound plummeting. The Banking Industry expects inflation to reach a 2 target that we have been talking about much faster than it originally anticipated. The question is, will the banks look to this number . If the pound gets stabilization, many predict it will decline, then the bank could look through it as a oneoff hit. You get a base a fivestory coming through and the bank can look through it and maybe cut rate further from here. Maybe the pound goes down more. The ppi at. 6 but it was that that put the cut among the pigeon, ending a 32 month period of decline. What does this tell us about inflation prospects . Headline inflatio
Interviews. The market with the euro is not adjusting well. I dont think there are any winners in what is going to be the worlds most expensive divorce proceeding. It is an accumulation of evidence that Monetary Policy is pretty ineffective. The practicality of helicopter money is zero. Scarlet it is all straight ahead on bloomberg best. Scarlet hello and welcome. I am scarlet fu. This is bloomberg best. Your weekly review of the best the most important Business News , analysis, and interviews from Bloomberg Television across the world. Lets start with a look at the top headlines. Monday began with disappointing data from japan. The japanese economy grew less than expected. Business spending contracted a second straight quarter. I think it was 0. 2 growth, well shy of the analyst thinking. What other standouts are for you here . A gloomy, cloudy morning here in tokyo and these numbers wont help. The big takeaway, net exports were a drag on growth. As you mentioned, cap x fell for the s