It is inauguration day. So early in the morning. Alreadyre is i amendments to it, things in washington that are so different than anything we have seen in our lifetime. And many people would say pretty much within the modern political ear. It will be different today in washington. Nrancine like its bee different for the last six months. A busy show from the u. S. Treasury secretary and the harvard present emeritus, larry summers. Then the riksbank Deputy Governor. Secretaryato general. Lets get to bloomberg first word news. Donald trump has promised to unify america as he prepares to move into the white house. Speaking on the eve of his inauguration in washington, he vowed to carry out his campaign wages to harden the borders and strengthen the military. Mr. Trump it is a movement that started and it is a Movement Like weve never seen anywhere in the world, they say. Theres never been a Movement Like this. And its something very, very special. And were going to unify our country. And o
The euro. Today. Appening 30 minutes into the trading day. The latest. Has lets look at health care. Julie lets look at health care as trump meets with health ceos. Drug shares are moving higher but not by much. 1 . Third of there is a relief that it was not more, not yet, of an acrimonious meeting even as trump talks about bringing drug racing down. He also talked about bringing down drug regulation and thus far it looks like a friendly meeting so we will continue to monitor that. We are still seeing declines here for the fourth straight day with the major averages. The s p has lost 1 over that amount of time. Said, even as we see the pullback, we are also looking at volatility for the major averages as well as for bonds. An interesting average we can look at that shows volatility is at a suppressed level. This is the ratio of the vix, the ratio of stocks to the volatility of bonds. If you look at the taper tantrum and past times that we have seen low times in volatility, we are getti
Revises outlook from stable to negative. We have a lot to get to. I am yousef gamal eldin. Tracy and in tracy alloway. This is Bloomberg Markets middle east. Lets get to our top story. China has presented its 2017 economic goals at the National Peoples congress in beijing. Correspondent Tom Mackenzie isnt tiananmen square. Tom, can you give us the key points in the report . Yes. Tracy, justs 9 a. M. Beijing time, behind me, this morning, and top of the list in the report was the gdp target. That is now being set at about 6. 5 with the possibility of going higher. That compares to arrange set with last year between 6. 5 and 7 . The member at the end of 2016, gdp hit the comfortable 6. 7 mark. Bloomberg intelligence things the number will probably, in slightly lower. They have estimates at 6. 3 . Other key numbers and targets the premier outlined, the consumer buying inflation target 6. 3 . That is picking up the last few months. The deficit in line with last years number and then the mo
Expectations. And this comes after we saw in march, the highest levels both components of the epoe index in ten years. Doesnt sound like a lot of uncertainty when it comes to businesses ahead of elections. Despite the french elections there wasnt a lot of uncertainty when it came to businesses either. It is getting stronger month by month, with the ifo data the last time around it was interesting to look at the expectations. 105. 2 for the expectations. But a forecast of 106. Thats slightly below maybe it seems like expectations are coming off a little bit. It could be interesting to see what german businesses are actually worried about it. Well be speaking with clemens fue tch fuest, the president of economics, that interview in ten minutes time. Take a look at the markets were still keller. Look at the cac first of all, after the first round of elections. The cac 40 up by 4 so hanging on with strong gains with Emmanuel Macron winning the first round followed by Marine Le Pen. Both of
David and how is he going to pay for it . The United States is a little bit behind the u. K. They are on their second female Prime Minister. Alix glaxosmithkline ceo andrew witty and tom fanning will join us to break down all their earnings. I turn to you and say it is all about fx. Jonathan what captures risk sentiment that are then dollaryen in the fx market . Tn back with a 105 handle. Firmer, apple helping do that in the United States, and equities firmer in europe as well. Fifth straight a day of losses for crude, down 244. 37. Down to 44. 37. You might forget that today is fed day. A lot to discuss. Alix what matters more, the boj or fed . Lets check in with our Bloomberg Team for indepth coverage of all of our stories. Carl riccadonna on the fed as it wraps up its policy meeting as well as Matthew Cantor men on in europe aschael Deutsche Bank signals deeper cuts, and megan murphy in philadelphia. Jonathan lets begin with coverage of global Central Banks. We will have a more inde