a new report predicts the superrich will keep heading to london, voting to leave the european union. $13 million or more living in london, rising 30% in the next decade. the report says new york city for thethe top spot altra risk. 127al news in over countries. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. scarlet: live, i m scarlet fu. joe: i am joe weisenthal. scarlet: u.s. stocks are adding to record highs despite a lack of details from president trump s speech last night. joe: the question is what did you miss? scarlet: the dow more than 300 20 $1000ross milestone. the s&p 500 reaching 400. light on details. president trump s s time speech to congress failing the of a treasure investment. a policy prescription. a nobel prize-winning economist sits down with us exclusively for a half-hour. joe: let s look at where the .ajor averages stands this is the best rally for major averages. well more than 1% as yo
pen candidacy? we are 30 minutes into the trading day in the u.s. and we know that we have surpassed 21,000 on the dow. abigail: indeed, we have. we are looking at a big risk rally. all are trading sharply higher. and was just mentioned, the dow is above 21,000. the second fastest 1000 point gain. we have the dow having its best day since december 7. lots of bullishness here. a continuation of the trump trade and the inflation trade. after the speech last night to congress, it was policy and detail light. so we don t have the details but the over idea but the idea of the overall re-inflation trade. when we happen to the bloomberg , the top yellow line is the 1% move up and the bottom yellow line is the 1% move down. yesterday was day 55 without a move up or down. the longest stretch since 2014. that here we are, up more than 1% so perhaps today will be the day to break that holding pattern. a stock that has brought record after record, today being another record. up seven b
wanting to raise rates for sometimes. i don t think there is going to be a hike. big changes of the world s largest has front. bridgewater associates. ray dallio is stepping down. a lot of big news coming out of bridgewater. i would lead with john rubenstein leaving as the co-chief executive officer. matt: aw, snap. snapchat s parent company snap begins trading publicly. can it live up to thehype? it is all straight ahead on bloomberg best. hello and welcome. i m matt miller in berlin. this is bloomberg best, your weekly review of the most important business news and the interviews from bloomberg television around the world. let s take a day by day look at the top headlines starting with monday when a proposed $12 billion exchange merger teetered on the brink of failure. $13 billion attempt to acquire the london stock exchange appears to be on the verge of collapse. a lot of people were saying that politics is going to kill this deal, but it turns out it was the reg
where we have to start following this huge package of stimulus. looking at various annulus analysts, on the one hand, you get this big package of the rate cuts. the deposit rate cut into the negative. bond purchase are in the negative. now, mario draghi is also saying no more cuts will be happening. investors are still wondering if this will work to help the economy. we saw the euro fall and then recover. now, we re not quite at the high of the session. nonetheless, where in the green very strongly. if you look at the intro date, you will see these changes as investors try to decide what to make of this. if you look at this sovereign debt, we have seen the biggest beneficiaries coming in through spain and portugal where we have seen yields climb. the effect has been more muted in places like germany. here.e a look at stocks we have seen stocks rise for the high of the session. it looks like there is some level of optimism making this work. ,f you look at sovereign debt here
outside the government, i questioned how they were approaching it. i might have tweaked it to the extent that it involves foreign policy. i might say to my foreign policy partners that we have a problem of doing it this way, but here is a suggestion for how we can or meet yourhing interests in a slightly different way. you are always concerned about making sure that the credibility of the united states is sustained or the credit ability of canada is sustained. the work that has been done continues. particularly when you have a close friendship and relationship with a partner like canada, it is not as if work we or entry on the arctic s vanishes when the next president comes in. i intend to make sure the next president who comes and agrees with me on everything, but, just in case that does not happen, the u.s. canadian relationship will be fine. thank you, everybody. mark: the president of the united states and the prime minster of canada concluding a press conference at the r