janet yellen, the treasury secretary designate. wall street journal reporting she is expected to say that the u.s. is seeking a weaker dollar for a competitive advantage. short bet on the green bay rising as a suggested dollar bounce back on its last leg. she is expected to say she is in a market-based dollar. what does that mean? what does the market expect the dollar is going to do next? we will address this very question. what do you think that means? where do you think the market is going and wherewith the administration like to see it go? those are good and valid points. when treasury secretary ellen talks about a market-based secretary yellen is essentially saying we are going to allow the market and not do courtesy. also it will tell them you can t intervene to weaken your currency. many countries in asia have been intervening to slowdown the appreciation of their currency. you could interpret it in that way. as for what the administration wants, i would believe th
good morning, everyone. welcome to bloomberg surveillance. i m francine lacqua here in london. we are getting some breaking news out of the u.s.. this is president trump, according to bloomberg sources, putting up to $100 million of his own cash into the presidential race. this is what the markets are looking at. if you look at euro-dollar, there is a bit of movement on euro-dollar, but also pound. european stocks are sliding, led by technology stocks. oil dropping 28 two month low to a two month low. there is concerns that president donald trump has been stoking these tensions with china and germany. we are seeing construction companies, mining companies leading losses across the stoxx europe 600. let s get straight to the bloomberg first word news. good morning. let s start in the u.k., where the chief brexit negotiator has called for realism from the eu ahead of the latest round of trade talks today. hean emailed statement, warned britain must be treated as an indepe
evening.ernoon, good this is bloomberg surveillance. i m francine here in london. of course, it s monday. to everyone out there. a lot of the focus is on what we heard from president trump yesterday. ideal way to actually reopen an economy is well.uarding lives as we ll look at italy as today is the first what they call phase two. actually day that it s starting to slowly reopen. his is what your markets are doing. the focus is not just on european stocks, but on you can see european stocks down some 2%. crude oil. because of the rolling of the contracts and what we saw just a to le of weeks ago need spend a bit of time in terms of oil and what they see. president trump also blasting china. we troo i and figure out what that means for trade. e ll be speaking to our brenda murray very shortly. now let s get straight to new york city. bloomberg first reviews is we begin with the daily falling from the u.k. to italy. hat s as leaders across europe grapple with how to ease
happy tuesday. these are your markets. a lot of the focus this week will be on earnings. we have a lot in the u.s. and europe. of days awayle from the signing of that phase one trade deal between the u.s. and china. we are still trying to figure out what happens between the u.k. and the eu. there is a lot of speculation. while bank earnings c,itif with j.p. morgan and wells fargo will follow after. we will focus on what blackrock just announced moments ago to focus on more sustainability. let s get to the bloomberg first word news. the world s largest asset manager is upping its push to a greener future. blackrock will put climate change at the top of the investment strategy. inwill avoid investing companies with sustainability risk. the u.k. is likely to secure a trade deal with the eu, according to boris johnson. he said he is very, very, very confident. the transition phase is currently scheduled to end on december 31. iraqi leaders privately want u.s. troops to stay
stoxx 600 at a record high. on top of that encouraging news out of china. the pound, 1.3363, getting a little bit of data with manufacturing. 45.9 but it is still also indicating contraction. let s take a look at a share price of electoral a come of , those are down. mark carney will present the financial report. that s from 5:00 p.m. london time and we should be a week away from the nomination of the new bank of england governor. let s get straight to bloomberg first word news in new york city. boris johnson will appoint new ministers to his cabinet after his landslide victory in the u.k. election. the prime minister will welcome 109 new conservative members of parliament to london. they will take their seats in the house of commons. downing street saying the government will introduce a law to deliver brexit before christmas. that will pave the way for the eu divorce and take place by the end of january. the international effort to rein in fossil fuel pollution stumbling a