Ceo speaks frankly about industry issues. We are going deeper than normal and i think that is good. We encourage that. There is always politics in the background steady. You need to keep going, steadily. And keeping the eyes on the ball. Emma plus, facebook reveals the project that goes beyond social. Sandberg insists the company is ready to embrace it. Companies like ours should not make as many decisions as we do, we know that. Emma it is all straight ahead on bloomberg best. Hello and welcome. Im emma chandra. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines and last weeks protests against an extradition law in hong kong continue over the weekend. As monday dawned in asia, the government responding to extreme public pressure. Hong kongs leader made a rare apology over her proposed extradition bill, this after hundreds of thousands of prote
Brent. 52. 35, not down as much as it was earlier. The 10 year yield down another basis point at 2. 09. We are climbing ever higher to the 2900 mark on the s p 500, up just 3 10 of 1 right now. Guy lets kick off with hong kong. Another day of massive protests yesterday as chief executive carrie lam says she would indefinitely suspend consideration of a controversial extradition law. Joining us from hong kong, Stephen Engle, bloombergs chief north asia correspondent. Do you feel these protests are going to continue until carrie lam departs . Stephen yeah, that could happen. Of course, they are at a much smaller scale during the workweek, a full day after the estimated 2 million hong kong people took to the streets yesterday in that defiance against the extradition bill. Right now we still have several hundred smaller pockets concentrated down here, in front of embattled chief executive carrie lams offices. Theyve been here pretty much all day. They dont want just a suspension of debate
And welcome to power lunch on this monday im melissa lee. Wall street in a Holding Pattern ahead of the fed stocks carrying out modest gains. Nasdaq the biggest winner at this hour. Communications services specifically, the best performing sector, led by facebook, netflix. We have much more on netflix ahead. Its all about the fed this week policymakers getting ready to meet tomorrow. A decision on Interest Rates set for wednesday followed by chairman powells News Conference Steve Liesman is here with more on what investors should be bracing for. The period of the feds patience could be coming to a quick close. The word first appeared in the january statement and was taken as it was on hold. Now patience is not long for the feds statement. We expect the statement to drop the word patient, which implicitly implies a hike, and albeit with noncommittal language heres are the probabilities we have been following. Still something of a bid on a rate cut this month. I guess you guys are going
Minutes, it was a steady descent. Volume pretty low and i would expect that would be the case tomorrow before the fed decision on wednesday. Lets dive deeper into the action with our market reporters. Abigail im watching the s p 500. Lets check out a range chart. The first one back in january of 2018 after President Trump slap tariffs on solar panels and washing machines. Trade is a concern. As the fed was tightening and the economy was doing ok, the new concerns about trade, a huge whipsaw down. Not so long ago, there was a pattern in their that tells you investors that bought will down at the bottom were looking to take profits. They are letting it ride a istle bit it is suggested it move it is morphing into an ultimate bayer pattern. Name of thes the game but it looks like the near term to mediumterm could just be bullish for stocks. Emma i was taking a look at the Great British pound, dropping furry fourth consecutive day and hitting a six month low. Over at unicredit saying the cl
About industry issues. We are going deeper than normal and i think that is good. We encourage that. There is always politics in the background steady. , you need to keep going plus, facebook reveals the project that goes beyond social. The coo says the company is ready to embrace it. Companies like ours should not make as many decisions as we do, we know that. It is all straight ahead on bloomberg best. Emma hello and welcome. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines and last weeks protests against an extradition law in hong kong continue over the weekend. The government responding to extreme public pressure. Hong kongs leader made a rare apology over her proposed extradition bill, this after hundreds of thousands of protesters took to the streets for a second sunday in a row. The government suspended the bill saturday, but that did n