Stay updated with breaking news from Stuart wallace. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Better. Im tom kean in new york and joining me is taylor rigs this morning. I love the chart you put out on high yield this morning. What else do you see in the markets . Taylor what does it mean when the fed comes in and buys junk bonds, tom . Weve never seen it before, supporting the fallen angels. Massive rally in the high yield market not to mention a bit of the equity markets, coming off the best week since 1974. Some of that seems to be reversing this morning. Tom im really thrilled with the conversation were going to have with the vice chairman and we look for that at 6 30 this morning. Im particularly thrilled Michael Mckee will join me and there will be some interesting questions. Im taking a broader perspective and michael wants to drill down as he does at the press conferences to the minutia, the details, the mystery of all the alphabet soup that the fed has done as well. We continue our huge news flow this morning with ....
Supply, reigniting concerns to geopolitical risk. An barrier, billionaire Money ManagersLed Hedge Fund gains in the industrys best performance in a decade. Plus, is that the Tipping Point . Politicians and executives dissent on davos, a debate on whether the biggest drivers of the global drivers economy are picking. Two in for a huge week on newsmakers at the World Economic forum right here on Bloomberg Television. We are just under an hour away from the start of cash equity trading across europe and the u. K. Lets look at where futures are pointing us. Were looking at green arrows on dax, cac, ntt ftse futures. At cac features are unchanged right now. We see green arrows on ftse futures. U. S. Markets ar ....
The pound is leading the way across the u. S. Dollar. Thes up about 0. 7 against dollar. It is time now for the global exchange, where we bring you todays market moving news around the world. Our bloomberg voices are on the ground with todays top stories. Lets start by going over to hong kong, bracing for more this option after christmas protests led to clashes between demonstrators and riot police. Igh joins us on the telephone. Give us a sense of what is in store. It sounds like theres more planned for friday and going into the new year. Karen theres protests planned for this evening in an area of the city that has seen some of the worst protests over the past six months, and again over the weekend in an area near the chinese border. All of this is leading up to a day, rally on new years led by organizers that have led some of the biggest protests since this began. The level of anger we are going to be seeing at the clashes willen protesters escalate, and we are looking for what this ....
Similar issues. It is bloomberg daybreak europe. A warm welcome to the show. Five days of misery on the pound seem to have come to an end. We have given down given back the boris bounce. It will be a jagged path. 1. 38, squeeze out to about 1. 40 by the end of 2020. He does not see political brakeman ship ending anytime soon. 500, irrational exuberance for 2020. Thats what we need to ask ourselves on the s p 500. Consumer spending is strong. Newhome sales, you saw the best three months since 2007. I always get very nervous when people refer back to 2007 and 2008. Catherine man has a warning from citi. China is stepping up measures to support the economy in 2020. It is a multi prong policy drive. Tariff cuts on goods will be delivered and it is supporting the domestic consumption. Selina wang with me from beijing. Good to see you. A little bit more on this. Give me the details. We are getting sort of a blitz of news around some policy measures that china is looking to take to bolster th ....