Call it. Netflix yesterday closing at an alltime record high. Oil a little higher as well, but still around an 18 year low. Still brutal for the market. Just checking in one more time they comec had before out. Time now for bloomberg first take. Here to discuss from our inhouse team of wall street veterans and insiders, michael mckee, and Damian Sassower. Mike, we know that jobless claims are going to be bad. We dont know how bad. I think the question is, how do markets actually respond to this, when sometimes they want to respond to bad data, sometimes they dont . Michael im not even going to go there. Yesterday we had dismal numbers on industrial and retail sales. We thought they were priced in, but apparently they werent. Youve got to wonder if weve priced in jobless claims because weve talked about it so much over the past three weeks, but we are expecting 5,500,000 as a consensus. If you get that number or even a little bit below it, we will have wiped out in one month all of the
Crown the world from all around the world. Our bloomberg voices are on the ground with all this mornings top stories. We begin in china, where the government signals a cash injection is on the way to ensure a strong start in 2020. At a meeting in china, the premier said the resiliency is continuing. The chinese economy is resilient. The Chinese Market is huge. We are determined to open up further. We will reach a winwin relationship with other countries, especially with our neighbors. Alix joining me on the phone is sharon chen, the beijing bureau chief. What have we learned from his speech . Give us a backup of the bilateral meeting. Sharon it basically signaled there are going to be product cuts with the amount of cash the banks have to keep as a reserve. Lending to the private sector is a huge part of the economy that china needs to shore up. It accounts for nine out of 10 jobs every year, and it comes after china already promised wideranging set of initiatives that will boost the n
Every day and we agree there must be the highest level of coordination between our diplomatic efforts and our military efforts. You cannot have a stronger partner then he secretary of defense who embraces diplomacy. I hope he feels he has the partners he needs the state department. The beginning of the partners and friends who are working for the american people. And wes much to be done are just getting started. To address a few specifics that have been erroneously reported this morning. The Vice President has never had to persuade me to remain as secretary of state because ive never considered leaving this post. Andlue the friendship counsel the Vice President and i admire his leadership within president Trumps Administration to address the many important agendas of President Trump, from a foreignpolicy perspective and a diplomatic domestic objective. Let me tell you what i have learned about this president , whom i did not know before taking this office. He loves this country. He put
Brexit hits hsbc. The ceo said some bankers may need to move out of london. Manus activities covered specifically by european legislation will need to move. Thats about 20 of the revenue. Ipo, thering up for an all tax will be cut to lower investors in all options are on the table when it comes to the listing. Looking at new york, looking ,t hong kong, london, the u. K. All markets are being looked at. And the rise of populism. Our debate on the crisis of the middle class. That is live on bloomberg at 8 00 a. M. Anna a warm welcome to bloomberg daybreak europe. , im annain london edwards. Manus i manus cranny. Is at the World Economic forum. Looking forward to banking with the big thing, hsbc, we will hear more from them. That will be a big theme in the next 30 minutes as well. Francine we will speak to the head of the Investment Bank at ubs and berries ceos to try to get the temperatures on how they see risk and what their most concerned about. What im looking forward to is our panel
We are halfway through the trading day. Lets go to the markets desk. We are at session highs following the stellar jobs report we got at 8 30 a. M. The dow is at 1809. 7. The dow is adding 200 points on track for its highest close since this past april. In terms of the s p intraday, we at 21, 23 2123. We are only about seven points away from the alltime record for the s p. Lets take a look at what is happening in terms of some of the biggest movers. These are the biggest percentage gainers. Jpmorgan up 2. 2 across the board. 1. 25 for bank of america. Lets look at stocks not doing well in the pharmaceutical sector. Juneau therapeutics is down 32 . This is touching lows of the day. The reason for this is three patients died in a Clinical Study for an aggressive cancer therapy. Analysts are saying there is nothing related with what is happening with pharma and juneau. Juno. Some interesting downs there. For most of the market, green across the market green across the board. See at 8 30,