Into new orleans, killing two people. It also left 2 million homes and businesses in the dark. Experts say damage could total as much as 5 billion. Wto members are confronting the reality that the future of the genevabased institution is now in the hands of the american electorate. The Trump Administration has decided to block nigerias former finance minister as the next wto would record general. The u. S. Is backing the south korean trade general despite overwhelming support from other countries for the other candidate. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 5 00 p. M. In london, and 1 00 a. M. In hong kong. Im taylor riggs. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. The u. S. Economy recovered much of its normas ground it lost in the spring,
The 3 trillion weve spent plus a trillion dollars more. Thats about 20 of gdp. Thats absolutely historic, and were prepared to put more money on the table softbank returns to profit with a 12 rides se investor shares soared towards the top. Sales grew by 67 in the Second Quarter. Stock markets here in europe have been trading for about an hour so far, and the direction of trade has been very firm. Weve seen a very decent rally play out after initial gains thats now translated to a pop of 1. 7 on the benchmark index, a fair amount of green at a stock level sector level and by industries you can see how the core markets are faring today we did see some early gains in the german stock market, and that is now actually outpaced by italian stocks taking the charge french and german stocks slight underperformance again by the uks stock market, just 1 3 4 of a percent yesterday. It was curious we saw the german stock market, one of the laggards which is typically not the case, but certainly re
Long as is necessary the japanese have said they will the europeans the english you know the Federal Reserve i mean this is madness were all going to pay a horrible price some day but in the meantime theres a lot of fun for a lot of people. And while the trade deal provided some measure relief there werent any positive surprises for the market it only provided a psychological relief for the market temporarily calming the volatility in asia however the nikkei and flat the shanghai composite fell half a percent and in the all his press interview he did not characterize this as a quote groundbreaking move moment instead he summed it up as to what weve been saying all along it help to alleviate the current tensions in trade friction and eliminate market uncertainty it is to stabilize expectations and enhance confidence over in europe and also didnt react to President Trump self promotion the dax and the footsie traded down and the cac was virtually unchanged likewise the us markets continu
This is the must broadcasting around the world and covering all aspects of business and how it affects you im christiane and im british born washington here that we have on deck today u. S. Markets are surging following the signing of the phase one trade deal between the United States and china the water markets around the globe are reacting and what can we expect in the markets as we approach to negotiators to do walking the Simpler Trading is on hand to dig into the details. Of just some new developments in the feds a sector as a Major Players are making moves in the field bring you up to speed with our analysis of the Welcome International magazine for attorney Myles Edwards to give us the love on the regulations and in the face we have so much to get to the lets get to it. While the m. S. C. I. World and next and the u. S. Markets are at record highs following the signing of the face. One trade deal between china and the us most analysts do not attribute the rally to this much ado
In the world corrupted you need to descend. To join us in the depths. For a mate in the shallowness. This is catching a round the world and covering all aspects of business and how it affects you im christiane and im british born washington heres what we have on deck today as u. S. Markets are surging following the signing of the phase one trade deal between the United States and china the water markets around the globe are reacting and what can we expect in the market as we approach phase 2 negotiators to do walk into. Were trading is all here to dig into the details. On new developments in the sector as a Major Players are making moves in the field bringing up to speed with our analysis we Welcome International bankers returning miles give us an outlook on the regulations of the space we have done much to get to the lets get to it. While the m. S. C. I. World and next and the u. S. Markets are at record highs following the signing of the phase one trade deal between china and the us