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It is that we have a broken political system we are trying to understand. How did it get to this situation you have with the divided party and what are the repercussions in europe . We are just trying to figure out where it goes and what it means for us here in europe. Tom i totally agree and particularly nation to nation as may makes a visit to merkel today. Now to our first word news, heres taylor riggs. Taylor Donald Trumps son announced that he had the number of votes needed to win the republican nomination. His son says that as president , trump will not take no for an answer. I know that when people tell him and cannot be done, that is when he guarantees it can be done. When someone tells him something is impossible, that is what triggers him into action. Taylor the convention also nominated mike pence. There will not be any hard targeting when theresa may meets with Angela M ....
Im looking forward to Stanley Fischer to see if he can give us any clues on what the next move from the Federal Reserve is, and we have this huge apple news. Om i think that is a big deal i like how you had Morgan Stanley in your opening. The tension just moving from jackson hole is palpable. Blogught Lawrence Summers in the Washington Post yesterday was almost on the edge of scathing in his criticism of fed officials. We will full all of that into our interview with the vicechairman. Breaking news, this is euro area confidence for the month of august. It is a little bit more forwardlooking and some of the things we have had including gdp. Confidence is at 103. 5. We look at every single piece of data beca ....
Economic Investment Data pretty much underwhelming in terms of getting investors a sense of direction for whats happening next. We know that the fed is less likely to raise rates. I thought that the isn Service Number of the nail in the rate hike as far as that was concerned. Thats one of the reasons you had some light rallying yesterday. Light selling. Not. But you see real estate actually bloombergimap on the , that will be traded until the 16th, but energy and telecom are doing well. Consumer staples, this is one of the interesting things. If you take a look at the stocks that were big losers today, joe has been banging on about this for a couple of weeks now, the death of the safety trade, consumer staples, off, General Mills was one of the biggest losers on the s p today. Its far as the winners you had today, chipot ....
Francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. This is a pretty punchy move because we have a new central bank governor. I do not know whether you will have a rupee board that it is extending gains. It will be interesting to see the global disinflation and deflation. This will be a back story at the imf meetings coming up today. Francine this is my repeat chart. It is going to be one of the stories we will be following very closely. This is the date date chart for the rupee. 6. 475, gainingt 0. 5 . More on that rate cut but lets get to the bloomberg first word news. Taylor theresa may wants to change the relationship between the government and londons Financial Services industry. According to senior officials see will just she will refuse to give priority to banks after the u. K. Leaves the European Union. The have di ....