Serious problem and it will get worse. This war of the rich on the poor is astounding. Not everything in here is a bad idea. Ramy it is all straight ahead on bloomberg best. Ramy hello and welcome. Ism Ramy Inocencio and this bloomberg best, your weekly review of the most important business news, analysis and interviews from Bloomberg Television around the world. The week began with a political crisis in the european nation that has been a model of economic stability. Angela merkels negotiations to form a Coalition Government collapsed on monday. Chancellor Angela Merkel attempted to form a new government. With thee collapsed Free Democratic Party Walking out of Coalition Talks last night. The breakdown in discussions throws the future of her fourth term into doubt and raises the possibility of new elections in germany, something that would be unchartered territory in the period. As acting chancellor, she says she will consult with the countrys president later today. It is a day of dee
Year. They see it as an ideal retail combination. Happy new year to you, elon. Speaking of speculation, we had a wanted for the Market Participants saying that speculation will likely cause a correction this year. One comment he made in his surprises for 2018, he said the u. S. Economy lets pull this up, the u. S. Economy has a better you than 2017 with speculation reaching an extreme. All i can do is look at the chart here, g btv 1241 showing closing for nine months straight, that hasnt happened since 1950, it makes you think where we make history again with something unprecedented . You might sound scary but have to wonder how tax reform will play into it, how much has really been priced in, the big russian is this 2018 going to continue giving the sequel that we saw for bull markets that we saw last year as well, given the fact that the returns were quite incredible, it will be really hard to maintain that for the rest of the year. Indeed, it will be very difficult, just really quic
Im haidi lun. This is daybreak australia. We are one hour out from the open of asias major markets. It is 5 p. M. In new york. Im betty liu. It was a holiday today on wall street commemorating Martin Luther king it is 5 p. M. In new. Jr. So there were no equity bond trading at all. The dollar continues to trade in the Foreign Exchangethe dollar n the Foreign Exchange market. That is really what has dominated the trade today. We saw the dollar continue that slide coming off a five week decline. Talking to some analysts, not so much dollar weakness but it is more strength of its counterparts, right, as Central Banks are pulling back on stimulus all around the world. We are seeing a rise in many of these currencies. Haidi absolutely. Case in point, the extended gains we are seeing in the euro. As you say with the u. S. Markets closed, it was the weaker european close we saw that will lead things off in asia. Tepide seen more of a session setting up in asia. New zealand is trading underway
American jobs. Kathleen breaking news on south koreas labor market, we have the Unemployment Rate now at 3. 6 over last year, it was bute point six in december, that is what we are getting so far on this number. Number on thetant context of the korean economy, it is an area where that has been strength, and exports very strong. This closelytching to see how this affects the bank of korea in the next meeting. Holdingemployment rate steady at 3. 6 . And life pictures, lets take a listen. It is great to be here, it was eight years ago i just turned 80. I never really talked to any graduation groups or anything of the sort it was not on bucket list particularly. And then i got invited to go to and i met a truly , whether it was male, female, hispanic, africanamerican, whether it might be, these people have one thing in common. They knew they had it within themselves, they knew they could be something beyond they were. They were willing to put their time and energies to better when i saw at
Bishops plans to take on local rivals have stalled in shanghai. Asiagood morning to our asiapacific viewers. Upside, four the for four days in a row. Yvonne, it is valentines day so investors were feeling the love. Have my pink and red valentines day tie in gettingion as youre ready for the year of the dog in china. Interesting what happened. 2. 12 is where it came in. When s pxpecting 1. 9 cominget numbers were in. We ended up near session highs. Vonne despite how we see yields heading higher, it seems were shrugging off inflation print and adding to risk. The interesting to see s p 500 reverse and gain back the losses from this year already. Ramy lets get more into this yvonne, because the s p 500 advancing four days in a solidifying the rebound despite the higherthanexpected set by a decline in retail sales. Down, su keenan is here with more. It seems the bulls were ready to run. Su it seems were getting two stories, perhaps the economy not as strong as we thought with the decline i