Puerto ricans exploded in cheers and celebrations. N today whe governor announced he will resign. He made the announcement on facebook around midnight. Protesters have been camped outside the Governors Mansion for almost two weeks, over a scandalinvolving offensive chat messages and corruption allegations. Gabez gutierre has more now from the island. It was an incredible scene. Thousands of protesters in old san juan. Demanding the governor resign. Rumors were swirling that the governor could resign at any minute, and then just before midnight came the announcement that he would be a deliveri pretaped message on social media. People gathered around to listen to that messag ould resign effective august 2nd. It was an incredible reversal. A stunning turn of events. A afterbout two weeks of unrest here in puerto rico. The governor had been under fire, and pressure had intensified for him toig res after priv gte chatroup messages were leaked. They included derogatory and homophobic comment
Good morning, welcome to bloomberg daybreak europe. Im anna edwards. Morning, a lot going on today and the Global Market maybe is the turnaround, that i guess is your top story anna . Dont call it a comeback, not yet. U. S. Futures point higher as we said in our headline. An interesting idea as to why there was not as much conviction to the downside as we had assumed, given what we were seeing in markets. Saw the dipsys we open up at the start of the trading session reduced as we went through the day. Corporate earnings, the number of company saying the profits will be beat estimates. 1. 21, the highest since 2010. Optimistics,ceos meaning many investors thought they were able to disregard concerns of geopolitics and north korea. Highyield credit and the fed, getting back in usingbuying opportunities. What is the broader risk radar . Just looking at the nikkei, not as broad as the to pix. Over the last six days it had fallen. Today its bouncing back up for the first day in seven. 1. 5
Anna a warm welcome, this is bloomberg daybreak europe. Another cracking show for you, the lineup looks like this. Interview at 6 30 u. K. Time. Toa and will also talk Valdis Dombrovskis in an exclusive interview. The u. S. Equity you jurors are running at the bottom of the screen. Should begin thanks to the junkbond market . Maybe the money goes back into highyield, but up she goes. 20 400, 20 500, 2600 is where we are. For aning get set evolution of the stock market rally. Is there anything that can stop this . I think janet yellen also added to this. There is a bit of risk maybe with raising rates. Fascinating comments from janet yellen. Investors who are long in the equity market might be singing in the asian market. The hang seng hitting the highest in a decade. Asia heading for it record close, new alltime highs in u. S. Stockmarket. Levels. The 2070 we need to talk about with tapping in emergingmarket currencies. The korean won and mexican peso, the korean won up at more than a
, but overall stocks are indeed mixed. A little change after closing at record highs yesterday. A bit of a cause. Not unusual in this current market environment that we have record after record after record and little bits of causes in the in the middle. S we are not seeing those in the various industrial stocks. A lot of different news flow in this industry. Lets start with john deere, the tractor maker. Farm incomes are still languishing, but the cycle has now gone on so long that peoples equipment is wearing out, so they have to replace it anyway. That is driving sales there. Axalta coding, after a bit cell apart, those shares are rising about or percent. Rockwell automation on the flipside, spurning a third takeover proposal from emerson electric, saying it is still undervaluing the company, 29 billion is the current bid. Emerson electric shares up by about 2. 5 . Pricesg it out with oil this morning, a significant upward move in oil trading close to 58 a barrel for wti. That is af
Is renowned scholar appealaling a ruling by a french court today. He has been in jail since the beginning of the month linked to the rape of two women. Our correspondent is standing by with the details. Also coming up, the french jobless rate fell to its lowest level in nearly nine years. We will explain the significance of that milestone in our business update. And taking the winter olympic chill up to another level. More on the snowboarders from finland who have come an internet sensation, coming up. First our top story. Anchor it has been a turning point in politics in south africa as president jacob zuma has resigned, stepping down from afice instead of facing noconfidence vote from his own party. His presidency has been surrounded by corruption allegations, but his downfall came after a struggle with his Deputy President , Cyril Ramaphosa, who is now set to replace him. On the process we have our correspondent in cape town. What is the latest . Reporter members of parliament are l