Further. Bp shares jump after it sheds alaska assets for 5. 6 billion pulling out of the state after 60 years as it seeks to boost its Balance Sheet thomas cook agrees to key terms of a rescue package with stake holders sending shares sharply lower as brokers warn it may lead to a delisting of the stock a very warm welcome to street signs big day in italy not only on a political front but we have a little bit of data on the confidence front we have Italian Consumer confidence for the month of august thats fallen to 111. 9 versus july at 113. 3. In terms of business confidence, that has fallen to 98. 9 versus 101. 2 in july so that is below the 100 level. Thats fallen to 9. 7 a ton census looking for 99. 8 and thats dropl whiche have seen in july. So moral taking a hit. He called the end to the coalition and called for a snap election now you just saw there on the screen, the euro trading slightly higher versus the dollar you can see its fairly resilient. Let me bring you up to speed in
Confidence vote, it has to be the first couple of days that parliament returns. Sort throughs another barrage of earnings reports. The large numbers are catching up. We are calling get the star worlds worse stumble. Ultimately, china and the u. S. Are aligned at the hit economically. I dont think the feds job is to make sure there is never a recession. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best. Lets start with a day by day look at the top headlines. After donald trump announced new tariffs on china last week, beijing bowed to retaliate and the response sent shockwaves through global markets. Stocks in the red this morning on the fears that the u. S. China trade war an fell after chinas yu below the seven per dollar level, the weakest in a decade. Meanwhile, china has state owned enterprises for american agricultural products. What is china trying to signal today . They are sending a message that they are going to up the ante when it comes to
Accelerate their race to the bottom on Interest Rates. Central banks are willing to go and willing to go big. Wall street banks expected trim bonus for traders. The u. K. Stumbles towards brexit, deal or no deal. If there is going to be a deal it has to be the first couple of days parliament returns. Nejra sorting through a barrage of earnings reports. The left wants to see profitabilities. The law of large numbers is catching up. We call it the star wars stumble. Nejra experts on how they are reading at jumble. China and the u. S. Aligned economically. I do not think the feds job is to make sure theres not a recession. Nejra all straight ahead on bloomberg best. This is bloomberg best, the hello and welcome. I am nejra to hedge. Cehic. This is bloomberg best, the weekly review of the most important business, news and analysis from bloomberg around the world. After President Trump announced new tariffs on china last week, beijing vowed to retaliate. Their reaction sent shockwaves throu
Third, boy, is it ever in the way even with record numbers after a day with the dow losing 79 and s p advancing and nasdaq gaining, the last two both records. You need to understand that the government has become the one wild card in this market and does reek havoc on all sorts of stocks last fall the fed created its only personal bear market because he told us he might need to raise Interest Rates over shooting to stamp out inflation, which at the time was nonexi nonexiste nonexistent totally out of touch and crushed the market powells rookie mistake almost gave us a recession but came to his senses in january and changed course but we never should have been in that position to begin with thats what keeps happening. We never would have gotten in this mess with janet yellen. She was day to driven and understood the power of her words but even though president trumps tweets are about lower Interest Rates and maybe having some effect, i dont know. Remember what he did he sat janet yellen
If there is going to be a deal it has to be the first couple of days parliament returns. Haslinda sorting through a barrage of earnings reports. Left wants to see profitabilities. The law of large numbers is catching up. We call it the star wars stumble. Haslinda experts on how they are reading at jumble. China and the u. S. Aligned economically. I do not think the feds job is to make sure theres not a recession. Haslinda all straight ahead on bloomberg best. Nejra hello and welcome. This is bloomberg best the weekly review of the most important business, news and analysis from bloomberg around the world. After President Trump announced new tariffs on china last week, beijing vowed to retaliate. Their reaction sent shockwaves through global markets. Keeping stocks in the red this morning on fears that the u. S. China trade war is escalating. Asian stocks heading for the biggest selloff this year after yuan fell past the key seven per dollar level. Due to the tariffs on chinese goods. C