Georgetown. Some distinguished in fact, this audience is pretty much 100 distinguished, as i look out. Quite an impressive audience. Thank you very much for coming. A few brief safety and security announcements. I am your designated Safety Officer in case of an emergency. Youll find the exits are back behind you. And youll go down one floor, exit down through the stairwell and well meet around the corner at National Geographic which is just down left and left should we have to so today together with the japan center for Economic Research is delighted to host this discussion with three of japans leading lawmakers, statesmen with particular expertise in National Security and to talk about our alliance and the years ahead. Ill introduce the other members of the panel in a moment. But let me first mention they are all here in washington for the week as part of whats known as golden week, and to join discussions here and around town under the mount my friend ue which runs and many are parti
Georgetown. Some distinguished in fact, this audience is pretty much 100 distinguished, as i look out. Quite an impressive audience. Thank you very much for coming. A few brief safety and security announcements. I am your designated Safety Officer in case of an emergency. Youll find the exits are back behind you. And youll go down one floor, exit down through the stairwell and well meet around the corner at National Geographic which is just down left and left should we have to so today together with the japan center for Economic Research is delighted to host this discussion with three of japans leading lawmakers, statesmen with particular expertise in National Security and to talk about our alliance and the years ahead. Ill introduce the other members of the panel in a moment. But let me first mention they are all here in washington for the week as part of whats known as golden week, and to join discussions here and around town under the mount my friend ue which runs and many are parti
Everyone to bloomberg daybreak euro. I am anna edwards. You am matt miller joining here in berlin. An interesting day. It does not look like we have seen much move in risk assets as a result. Even though the policy announcements have been with no change. Anna we have had a lot from Central Banks. We have also heard from the Central Banks and the boj clearly on a different path at the moment at least from the the doe even from the boe. I want to talk about the equity markets. We have a great chart, the world equity capitalization near parity. 75 trillion seems to be the magic number whether youre looking at global gdp or global stock market valuations. At the bottom, we have the ratio between the two. At the highest since 2008 relative to the value of global gdp or. Not necessarily suggesting it is overvalued. It seesill lynch says global stocks as overvalued. It is a nice and simple way to look at stock market valuation. Matt fascinating chart. Let us take a look at the movements insid
Another financial crisis in our lifetime. We have the world covered on daybreak asia. We go to San Francisco and the followed from the cyber fallout from the cyber attack. We go to shanghai on the growth of the internet of things. Asia. S daybreak im in new york, where it is just after 7 00 p. M. We are in for some central bank speak. What an eventful tuesday, right . First it was mario draghi a bit more hawkish when it came to inflation. Then the selloff fueled by janet yellen talking about rich valuations in the market. Betty you used to not be able to get anything out of these central bank chiefs, but now they wont shut up. Particularly janet yellen and her talk about valuations getting more rich. That also sent some of these tech stocks tumbling, dragging down the nasdaq. We will talk about that in a few moments. Yvonne that is right. A lot of jitters when it came to tech. Alphabet slapped with a record fine from the eu. We will look at the cybersecurity attack we have seen that ha
Anna a warm welcome to bloomberg daybreak europe. I am anna edwards. Manus we are ready for breaking news. Second quarter revenue, 1. 7 billion euros. That is in line with the estimate, looking for an adjusted eps. About 5. 8 defense. That was the average estimate among five analysts. Interesting comments coming through saying limited possibility has exceeded expectations. Cautious on the mediumterm prospect. Could it be in 2020 . That is one of the thought that jefferies and citi. More numbers coming through. To eric, whoeaking will join us from Philips Lighting later on. We will talk to him about m a in the sector, his numbers, the led and the potential. Manus more breaking news coming through on the watchers side. We will keep an eye on hermes. Swatch delivered their sales. They missed. The it comes to margins on business, slipping ever so slightly. Property margin at 10 . Temple 4 if the estimate. The operating profit, toppling of the business, that is also amiss. The market was lo