Negotiations with china. Mixed Economic Data as Consumer Confidence falls, but Housing Market remains mostly steady and disney rallying on two positive notes, which has helped them propel the dow higher. We are on record high watch once again for the major indices. Joining us for the hour, Barbara Duran from bd8 capital partners. Barbara, how do you feel as we sit at these record highs. Can we hold this momentum through the rest of the year i actually think we can normally, ive been very skeptical. I really thought we would just be in a trading range and unlikely to see new highs. But i think weve got one or two new highs left and its not just optimism over the china trade partially being resolved i think its also, unlike last year where people were rushing for the exits, i think this year, theyre rushing to get in, because youve got the performance issue. The market is up so strongly and i would suspect most active managers are underperforming here barbara is with us for the full firs
Way to an ipo. Saudi arabia puts a prince in charge. Morgan stanley ceo speaking frankly about the fed. Ive support the latest fed rate cut and i expect they will do one or two more. But then, it is time for a pause. Managers apply unconventional wisdom to a changing financial environment. Corporateentgrade bonds are an asset class that provides more risk than return. Plain tot is pretty see that bonds are not a safe place to be. 17 trillion treasuries showing negative returns which is crazy. Its all straight ahead on bloomberg best. Hello, and welcome. This is bloomberg best, your weekly review of the most important Business Analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels on monday as the him stuck to his stuck to as the pm his do or die brexit plan. British parliament is about to suspend its operations for a month at the request of
I would rather be dead in a ditch. What would the world do with further delay . It is pointless. Matt good morning from frankfurt. I am here for the auto show. One of the brandnew bugattis yesterday. All the focus in the markets today is going to be on what goes on with the china rate cut, what goes on with the Oil Situation where you are. Manus you must be in seventh heaven. All the expensive toys to look at. Place here at my favorite , the World Energy Congress number 24. One word. It is about oil. Five days in a row, it is all about the rainmaker. Minister. Udi oil good morning. Good morning. We will be following that story closely. Take a look at the equity indexes in china, first off to see how they are doing after that rate cut news. You see there are gains, only slight. You look at hong kong, you would see they are down a little bit. More of a riskon scenario when you look at safe haven trade. The yen is gaining a little bit against the dollar, but you can buy 100 seven, basical
Require the commission not just to say in public that theyll be creative and flexible, it also requires them to private to get into those discussions with us so we get this deal over the line. European markets trade cautiously higher and asian equities rally after beijing cuts the triple r as export data shows the trade war with the u. S. Is taking its toll. Oil prices rally after Saudi Arabia Energy minister and puts in place royal for very first time i caught up with the u. S. Deputy secretary of energy and he says the man has a tough road ahead. Got a very tough road ahead of him, i must say u. S. Production will continue to go up all throughout 2019 and certainly into 2020. Our own ei, and Information Administration is projecting well see at least 13 Million Barrels per day producing United States by the end of this year. And air france shares fall on disappointing traffic figures and speculation it could rescue troubled airline while a pilot strike grounds nearly every british air
And we meet the 97 year old former Fighter Pilot taking to the skies to mark battle of britain day. Good morning. Its 8am in singapore, and 1am in london. Oil prices have soared at the opening of the markets in asia following saturdays drone attacks on two Key Facilities in saudi arabia. The cost of brent crude rose by the most on record, after half the kingdoms output was taken out that accounts for roughly 5 of the worlds oil supply. Iran has dismissed us allegations that it was behind the strikes and accused washington of being deceitful. With me is bob mcnally, president of Rapidan Energy group in washington. He served in the Bush Administration as its top energy advisor. Hejoins me now. Thank you so much forjoining us. Firstly, the us says that this was an unprecedented attack and indeed there has been a very significant market movement. How significant is this, in your view . Well, it is justified. Crude oil now in asia is trading 10 or more. That is justified. The folks who atta