Today. Down 15 . Accounting errors being investigated by the fcc and ftc and the doj. A deal has striker down 4 . It is buying a medical device manufacturer based in amsterdam, wright medical. It is selling down a little bit off of that. Guy here in europe, the stock 600 through the 400 line. That is a big deal. It is being driven by the dax today, german autos getting in on the deal. We are waiting for Christine Lagarde to speak, the first time shes going to do so as president of the ecb. Dare i mention it . The rand up by 2 . This to do with the fact that south africa did not get downgraded on friday. Negative from moodys but it did not get downgraded. Peter, lets start with equities. Absolutely going from strength to strength. What message do you take away from that . Is clearly athere loss of liquidity. The fed is injecting cash. The 60 billion per month in tbills they will buy per month on Central Bank Balance sheets. The ecb is back on expansion. Over the many years we have been
Gold was making a bid for 1300. Now coming off that potential. Over,continues to roll separate from the macro events we are seeing there. It is down 0. 6 . David dan coats will testify before the Senate Committee on intelligence. At 10 30, we get weekly crude inventory numbers for the u. S. We expect supplies to fall. President trump continues his infrastructure week, traveling to cincinnati, to talk about investments in waterways. Jonathan we begin in spain co popular has been rescued by santander in a takeover. Seeing debt surging. Joining us to discuss more on the acquisition is Bloomberg Intelligence ajit. It will not make sense to people outside the markets. Market, this makes a lot of sense. Walk me through the junior debt and the senior debt. What has happened is overnight the ecb has market, ta lot of sense. Deemed popular is likely to fail. Debt,eans the tier one the tier to get have been two debt have been written down. Two has been converted into shares and transferred to sa
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix