United states has shot itself the in the foot. Conversations about the Global Economy from the g7 finance meeting. We need to be thinking about what happens if there is more than a slowdown. You now need countries that have the fiscal space to stimulate their economies. Abigail its all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday, investors digested a slow Economic Data that came out over the weekend from china. Chinas economy continues to slow with sluggish domestic output and trade tensions pulling gross down since the early 1990s. Gdp grew 6. 2 , matching estimates. How bad is it . Its slowing on a quarterly basis and the takeaway is the activity numbers for june that picked up in retail sales will stop also fixed Asset Investments all headed
Speaks about relations with the u. S. And the nuclear deal. The United States in my view has shot itself in the front. Conversations about the Global Economy at d7 finance meeting. G7 finance meeting. I think we need to be thinking about what happens if there is more than a slowdown. You need countries that have the physical space to come in, stimulate their economies. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. Moneyline monday investors sifted through a slew of data from china. Chinas economy is continuing to slow with sluggish domestic output and trade tensions pulling growth down to the weakest levels since early 1990s. Gdp grew 6. 2 , matching estimates, but below the 6. 4 theme in the previous quarters. It is slowing on a quarterly basis. The take away from to
Surveillance. We will be joined bygood mornind welcome the irish Prime Minister for exclusive interview. Ursula vontalking to. We will also speak to theresa may. Earlier i spoke to Philip Hammond. Now, before we get to more talk from davos, lets get straight to the bloomberg first word news. Imfs managing director has urged Steven Mnuchin to explain his comments in which he appeared to back a weaker dollar. To its lowestd level since december 2014 after mnuchins endorsement. We have said an hour presentation on monday that the u. S. Tax reform is likely to strengthening and the mediumterm in the mediumterm. I really hope that secretary mnuchin has a chance to clarify what he said. Nejra donald trump has said that he quote would love to talk under oath to robert mueller. He is investigating whether anybody close to him colluded with russia. The met last month with special Prosecutors Team and have been speaking by phone as part of a continuing it changed continuing exchange. Donald trum
This is the stoxx 600. We see a little bit of pressure, down from 0. 6 . We saw a mixed session in asia trading. And we have this pressure on bond yields. Around the world. This served the boj into action to keep rates from getting out of whack. We have a good interview from our tim ross yesterday. 223. E, 1. 4 coming up on bloomberg surveillance, the speakers to the chief Financial Officer as the danish lender unveils a 1. 7 billion buyback plan. A little later, its the brexit show. We areb ack on were back on track and we discussed trade. We also discuss jobs and growth with roubini. The bank of japan has announced the first unlimited fixedrate bond purchase operation since july, seeking to assert control over the nations yield. The central bank offered to purchase 10 year notes over a fixed rate of 0. 1 and expanded purchases at the regular operation for the second time this week. The boj target for the 10 year yield is around 0 . Lester they offered to purchase an unlimited amount
Cehic. Mifid ii to doddfrank, we will speak to the top newsmakers and Market Participants shaping and reacting to a new generation of rules. The sec says firms can accept payments from clients. A 30 month reprieve to u. S. Firms on the research was coming into effect in january from mifid ii. The Regulation Team in washington joins us now. Then, great to have you. You have been all over this story from the beginning. Deciding to doc this. Was it lobbying . Lets kick this . Brokeragesll street have been pushing for months to get the sec to tell them if they can accept payment from european clients and not have to register as an investment advisor. They dont want to register in the u. S. Because that carries responsibilities and costs, fiduciary duties. The sec relief they announced today is limited to european clients so they can continue to Bundle Research with Trading Execution Services in the u. S. For their clients. Then, youyour story, described this as a major victory for u. S. Br