How long can the fed function with a depleted staff . The turkish currency hit record lows against the dollar. Matt we have breaking news on unifer which came out with a statement that it recommends all shareholders reject the takeover offer. They say it does not represent the full value of the company. Is saying that shareholders should reject the offer. We will be speaking of with the ceo of uniper. He says they will meet again soon but currently they recommend the shareholders not accept the bid. Than a half hour away from the start of trading. Lets look at futures. We have kind of a mixed picture but very little change. Even the you see red arrows the movementard, is very little in terms of futures. The ibex futures are down considerably. I see dax futures gaining slightly. If you look at the core of europe, you have mixed race. Trade. A look at the bund the three year yield three year yield came down considerably. Even though we had those failed Coalition Talks, it looks like we h
Ticking. The u. K. Must make its position clear. Yvonne guilty of corruption, the brazil inquiry. We have world coverage on daybreak asia, we are live in brazil to discuss the fallout from the conviction of former president lula on corruption charges. Betty stateside it is all about Janet Yellens testimony. We will have full reaction within the next few hours. This is daybreak asia, live in new york. It is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. One and done for Janet Yellens testimony to congress. The focus has been on the fed inflation outlook. It was uncertain according to her. Someone, thete janet yellen market knows that she is back. According to how investors are interpreting this. Betty they sold some divisions. They will still continue on this rate hike path, maybe it will be pulled back just a little bit. There are others that doubt we will have a rate hike at all for the rest of 2017. Were leaningers more toward the latter part. Take a look
Be the next one, this spread. Wti versus brent. U. S. Oil versus european oil getting more negative as we go. That means brent is seeing a nice rally. David President Trump addressed the nation to lay out plans for afghanistan saying the United States will remain committed, but not engage in nationbuilding. President Trump America will continue its support for the Afghan Government and the Afghan Military as they confront the taliban. We are a partner, a friend, but we will not dictate to the Afghan People how to live or how to govern their own complex society. We are not nationbuilding again. David joining us now is bloomberg chief washington correspondent kevin cirilli. Give us a sense of what the president was trying to accomplish last night and did he get that done . Kevin the president facing intense scrutiny following his response to charlottesville. He no made no direct mention to it, but essentially said he hoped to unify the country and then he pivoted to Foreign Policy and sa
Alibaba, china, and the issue of censorship. Phil mattingly reports on u. S. Secretary of state john kerrys role in the war on terror. We begin with alix steel at the implications of expanded sanctions against russian companies. Lets dig deeper and find out which companies will be impacted. The real issue will be for the big Oil Companies. Previously, the u. S. Said you cannot sell advanced technology to russian companies, but now you can sell services. That is cannot sell services. That is people, people going over there and helping them drilled. Bp is by far the most exposed. Rosneft. 20 of the rest of the Oil Companies dont have a lot of exposure to russia. It is interesting. If you look at exxon, they have eftoint venture with rosn what it is only 2 of their overall production. Shell, 5 . Impacting immediate production for the companies is not a big deal. It will impact future growth. Speaking of impact, talk to us about u. S. Reaction and how that will impact investors. Reaction t
(Bloomberg) Janet Yellen got a respectful hearing in China in recent days for her main message that Beijing’s manufacturing drive is a threat to other economies. But the warmth of her reception likely won’t translate into the policy shifts she wants. At a press conference in the Chinese capital Monday, the US Treasury chief wrapped up her four-day trip echoing the theme she began it with: the global economy will be adversely impacted by ramped-up factory exports from China, which needs to