Lower this morning. This is bloomberg television. We are bringing you all the news you need to know from london and davos well go to davos in a moment. Haslinda is there. Whats on the agenda today . Haslinda well, it is the Global Economy. There is a lot of optimism. Modi earlier and he said he is confident about the Global Economy and especially about the italian economy. Ill be sitting down with volkswagen truck chief, and then later on, mario santano, the urogroup. Of the e dont miss the interview with tony blair. Guy thank you very much. The coverage continues to be fantastic out of the swiss alps. Lets talk about what is alps. Ning in the the next few days could be something you need to think about because the way the market is to work is rebalancing those portfolios. Keep an eye on that. The nikkei was trading down because the japanese yen was trading up through that 110 level. Kuroda, looking increasingly out of control on this story. The bloomberg dollar index, down by another.
On the bloomberg. The reason you do not see a dot beyond on the righthand side, he is saying that is outside of a poor castable four castable forecastable period. This is fascinating. When the summary of Economic Projections came out and we look at that straight up right at the bottom, the answer is there now. Jim bullard. David when you read the statement hes just issued, hes saying a lot of things people the fed is about projecting out into the future well beyond what it can no. Know. S what it can some people think their models are run. Alix how do you forecast a fed that is data dependent . After the dots were released, there was chatter in the market with alie evans statement of a shift in how you view the economy and where you actually think rates should be. Of the f1 all members see are in agreement about the approach to this question. Agreement. In the question is whether other people come to jim bullards side. David we will have a bloomberg exclusive with microsoft cofounder b
About brexitrelated stuff, but one interesting thing, because less solar city, investors giving that a thumbs down. Solar city only ending 3 . Looking at tesla, down 10 . Pretty negative reactions so far. Alix pretty ugly for tesla. In terms of what i want to focus etf herea look at the in the u. S. That tracks u. K. Stocks three this is a five day chart three we have actually seen a rally up 6 , despite the fact we are heading into this vote. With the volatility, the five year high, shows a swing. Vix index in a lot of crises we have had over the last eight years, the chinese devaluation of the one they are passing the volatility we see now. Volatility heading into this u. K. Boat. Joe is it complacently about the results . Alix i do not know, it is fascinating, though. And lets take a look at u. K. Yield, they have been rising a little bit, the same story as equities. This is a oneyear chart, a bit of an increase in yields is a sign of optimism, because it means people are coming out
Frances . We have a sigalert in oakland. In the macarthur maze. It could tie up traffic. Westbound 80 the connection ramp to southbound 80, a lane is blocked for an hour. The best bet is to head over to 580 and cut over to 980 and 880 and avoid the mess. Two hot spots, the second is an injury crash southbound 680 at sunol. We are tracking major breaking news this morning u. K. Voters have spoken. They want to leave the e. U. British Prime Minister cameron clearly emotional making the announcement overnight he will step down. We will likely feel the effects on the other side of the pond at home. Jessica castro joins us. What happens now . This could be the start of a domino effect with money and how the young countries react politically. It will affect the United States. A few minutes ago, the speaker of the house, paul ryan, speaking out saying our relationship with the u. K. Is special and it will stay unaffected by the vote but that remains to be seen. Now, the market, throughout the
You are welcome this monday morning. I am manus cranny. This is countdown. Lets get to one of the biggest market moves since 2005. The onshore yuan has moved significantly. ,e are on holiday for the week the chinese. They came back and looked at dollar weakness and they adjusted the yuan appropriately. By thejusted the yuan most since 2005. This is the hong kong valuation. Let me show you the actual onshore yuan. You have this quite dramatic move in terms of the onshore yuan. They moved in terms of adjusting the valuation back. This is about combining the information over the weekend, imports declining for the 15th month. The head of the pboc absent from comment for many weeks, dismissing the need to tighten, saying there is no incentive to depreciate the yuan. That is what this move has done. Lets show you markets in terms of what they are doing. All predicated on the view that you may well see the japanese do more. Mario draghi speaking today. It is the first back daily decline in no