I am Francine Lacqua in london. Lots to get through. Politics filtering through your currency markets. First things first. Lets check in on your markets. Stocks down with the stoxx 600 down 2 10 of a percent. The euro slipping with most currencies against the dollar after draghis dumbest done vish message. At can see japan, the yen 111. 07 and the south african rand extending losses to a second session after the president jacob zuma survived a bid to oust him. Your data, but lets get to the bloomberg first word news with nejra cehic. Nejra the president at the st. Louis fed said the jury is still out on if the Trump Administration will meet wall street expectations. Some bullard said at point, the honeymoon period will come to an end and washington will need to deliver on policy promises that have driven the stock market. James the business numbers shot up after the election was perceived the president was perceived as more probusiness than the previous administration, washington does
We have a lot of news to get to. We will be speaking to ana botin in a couple minutes. Then, we talk about trump, animal spirits, the ecb. A lot is going on, if i am honest, tomorrow is thursday with the ecb, the u. K. Election, and james comeys testimony. Investors are taking a breath ahead of the barage of key events i was talking about. Treasuries are flat. They did climb yesterday on news china was prepared to purchase more of the notes. Stocks are a little bit mixed. Santander was down earlier and now is gaining 0. 6 . Lets get now straight to the bloomberg first word news. Twoa in iran at least attacks have reportedly taken place in tehran as gunmen targeted the parliament. At least one guard was wounded during the attack inside the national legislature. In a separate incident, a lone gunman entered a shrine of the Islamic Republic founder and opened fire. Theresa may has said she would be willing to tear up human rights legislation in the battle against terrorists. Jeremy corbyn
Guy our flagship morning show right here in the city of london. Matt matt miller berlin. Great to see you. Manus much safer in here. Propensity for the wind and guests me off the roof. We are back in the bond market, friday morning standing on a new stop when the rooftop with the news came through. The bond yield dropped below 230. We made it back through this trade friday. Back down below 2. 30. 74. 87 for the band bond analytic guys up there. Prisons has been with bloomberg this morning. More of that. He seemed more confident, besides of the Balance Sheet that he wants to get it to. Yields have risen again. Wondering what he is going to say to the russians this week. Today. Collectors theres a whole other world out there that has become more positive. French Government Bond yields are up tenfold. German indie positive territory. A number of risks to this market and the foreign bond get that could add more pressure. One of we take a look at the risk radar . Not looking so risky except
Management urges bhp billiton to unify in australia. And slashing staleys salary. The barclays board decides on an very significant pay cut for the ceo following a whistleblowing probe. Will regulators go further, matt . Matt interesting breaking story that we will continue to follow. I want to take a look at the half hour to go until european open, at what futures are doing, at what the other risk assets are showing us. It looks like a risk on day to some extent. We see futures rising, although not huge gains. The euro stocks 50 futures up, more significant gains in london and frankfurt, not so much in paris. But if you take a look at bunds, it looks like investors they had been selling off german debt, and that push the yield up at the beginning of session. They have been buying at the route the first half hour of trade. You can see the trend here is risk off. If you look at the other asset classes, you see a risk off signal from the asian trade going into european trade as well. Guy
Driving . I am david westin. Has been at the heart of american business. For most of the time, it was a dominant force. It was number one in the s p 500. Foreign competition, crippling pension costs, leading to gm going bankrupt in 2009. It emerged a much different, leaner company. We travel to detroit to see where it is going. We want to learn from mary barra and her lieutenants about the changes they are making and if they are the right changes. Mary we are most part of the that ared crossovers the best we have ever produced. , gmc, ourand cadillac brands in china as well. Every segment we compete in, we want to win. I would also say were looking at ways to grow the core business. With gm financial and service parts, those are just two ways we can continue to grow the core business even in developed markets. It is a transformational time in the auto industry. We know that people are going to have to figure out how to get from point a to point b. You see General Motors taking a very p