David einhorn says it is putting inadequate and dangerous products on the road. Betty not one to mince words, David Einhorn. May be it is frustrating him overall because it is an example of the stocks that had been lifting the market that he has not been a part of because he is a value investor. I wanted to show a chart for our which showsbtv 440, you how much value stocks have lagged behind. More than half, in terms of growth over the last year, behind the growth stocks, the. N. G. s, the tech stocks. Buy into stocks like amazon and tesla not the boring old value stocks. Yvonne he is not the only Hedge Fund Manager that has been lamenting this. Is he waving the white flag too soon, given the rotation we saw . We did see more buying into the value stocks like the financials, theyre are up 15 in september alone. Going the other way. Perhaps he is speaking too soon breaking outelds to 2. 4 percent. Could be adding fuel to the fire in this bank rally. Betty i would be curious to hear what
Cia has targeted him for assassination. Pen is looking forward to the next challenge and says that she has a new challenge for herself, a major makeover of the National Front party and elections will be held. Global news powered by 2600 journalists. This is bloomberg. Emily this is Bloomberg Technology and Bloomberg Television and radio are on the ground and showcasing the innovation, diversity, and power of the regional economy. We are taking a look at innovators from fortune 500 startups and talking to government officials. We are joined by caroline hyde. You have a eight week ahead of you for us. What do you have . We certainly do have a big week host up boston and massachusetts is the hub for all things biotech and it is expanding its reputation for tech. Banking onctric is boston and they broke ground on the new headquarters today. The ceo spoke about the collaboration between the company and the city. Ge has moved to one of the oldest cities in the country to create the future, w
But short on spending. And we have the world covered on daybreak asia and we will go to solvi seoul. It is budget day in australia, just hours away from the revelation of details. We are going to head to sydney for the latest. This is bloomberg daybreak asia, coming to you. Im betty liu in new york, where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems like politics are going to be dominating the market. Not the typical d. C. News flow to get out of the Trump Administration, but south korea voters, 52 million of them heading to the polls today, and budget day down under. Betty as we have noted, it looks like korean stocks seem to have priced in the volatility in those elections. They are just going higher. Markets are actually quite attractive in south korea. Topics is going to be the aaa rating, and what the budget details on whether that rating is in fact going to be jeopardized, or is all that talk just much ado about nothing . Meanwhile, stocks in t
Come next year, we will probably have the ecb with a stable balance sheet, and we will talk about Interest Rate movement after that. Anna welcome to bloomberg daybreak europe, our flagship morning show from london. Manus another day, another set of Earnings Results coming for. Lets go to commerzbank, germanys secondlargest bank. Operating profits, 314 Million Euros. That is confirmation that the turnaround plan is indeed having a good start. They confirmed their fullyear outlook. Loanloss provisions just below where we would expect. 196. 5 million. When it comes to net income, this is the storm. 217 Million Euros. The market had penciled in 74 Million Euros. The bane of European Bank ceos lives, capital 12. 5 . The target is 12 million customers by 2022, shareholders gave them a d rating, but a good set of numbers. Just think back to september. Is validation of strategy 4. 0. Anna we will be speaking to the cfo later this morning. He will join the team on surveillance. Matt miller is o
A smart new home could be introduced to this month. We have world coverage on daybreak asia, we will go to beijing for the Morgan Stanley china summit. Towill speak exclusively chairman and ceo gorman. Trick does apple have up its sleeve with this new home device . We will have details. This is daybreak asia, from bloombergs asian and american headquarters. Yvonne it is just after 7 00 a. M. Here in hong kong. Cpi breaking news from on the money. 2 for the month of may. A slight take up for the month of april. Core cpi is one to watch. We have been hovering around that 2 level for much of this year. The core cpi, which excludes oil and agriculture coming in at 1. 4 . A little more tame it. You have to factor in the low base effect, low Oil Prices Last year. Prices should stay up for some time. On the domestic side, demand is subdued. Should keep the bok on course to be accommodative. We will see how korea acts in an hours time. We start a new trading month in june. In new zealand, were