Anna welcome to the program. This is bloomberg daybreak europe. Manus is in dubai. A new headline, we will alert you to that before we jump into the markets. The Weinstein Company has filed for bankruptcy after sale collapses. Lets move to what has been happening in the asian equity session. Futures up by. 8 , the dollar index down by. 3 . Were in limbo waiting for jay powell to speak. He spaced tomorrow and on thursday. Euro, and pound moving stronger against the retreat in the dollar. As to question jay powell, we get our first real market introduction to him in this current role. What we have said about wages, asset prices, and where janet yellen has taken the fed. Manus yeah. And on that whole concept, what will you get for mr. Powell . Most say markets will simply yawn, but have a look at this. The bond market may not yawn. A stronger yen is helping the bond market this morning. This is too bearish, too far. Bond yields have risen 22 times, to 2. 94 . They are at a record high. Th
Investors reassessing the taste and direction of the federal reserve. The governor said week policy might force them to alter plans. Shares jeff bezos, topping 1000, a sign of the growing power of ecommerce. , letsg news, china pmi get straight to chart, 8228. What we have had is a slight fall back in manufacturing, the number above 50 indicating expansion, below, contraction. 51. 2, slightly better than had been expected. That does not tell the whole story, does it . Thats right. It is slightly better than expected. That wee suggestions are past the peak when it comes to this china growth story over the past 612 months. The other part is how Small Companies and china are doing, 8223, the Small Company index suggesting an improvement for the First Time Since mid2014. We will get a better cage when we get the unofficial pmi tomorrow. They tend to track these smes. The official numbers looking at figure stateowned companies. Steve. i am with he has been pouring through the numbers. How d
Scandal that has already brought down the president. This is the second hour of daybreak asia. Im in hong kong and is just after 8 00. Betty it is just after 7 00 in new york. We are jumping to 24 hours from now when President Trump will be addressing congress. The has the congress best the markets excited. We just got retail production numbers out of japan. We are looking to see if any more stimulus is affecting the economy. We did not get those results in january. A stall in terms of industrial output for january. We are expecting three straight months of gains, but we saw it fall. 08 . Take a look at the breakdown. It seems like what weight on the month of january was mining and manufacturing. That fell. 08 . Manufacturing of business machinery falling 0. 2 percent. We do get the weaker number when it comes to exports in the month of january. Not a whole lot of reaction with dollaryen after that news. But lets look with sophie. Sophie as you mentioned, not much reaction in the yen f
Election. How does it look from london . Guest like a reality tv show. It certainly is. It worries us. Shocke the combination of at the politics and a huge concern. Charlie in terms of language . Guest language, topics, norms being changed. I arrived on sunday night and i watched the debate and i thought i was walking watching the Jerry Springer show. You had to pitch yourself to think that this is a debate between two people who are the candidates for the presidency of the United States. Charlie and are suggesting they are prepared to lead the free world. Guest absolutely. And what worries me is the consequences of this could linger. Even if Hillary Clinton wins, you can see the consequences potentially caught because there will be a faction of the country that thinks their president should be in jail. Charlie that is a conversation taking place. Guest and the conversation about Hillary Clinton and the misogyny of it and it is all just really depressing. Charlie you do not see this la
Election. How does it look from london . Guest like a reality tv show. It certainly is. It worries us. Shocke the combination of at the politics and a huge concern. Charlie in terms of language . Guest language, topics, norms being changed. I arrived on sunday night and i watched the debate and i thought i was walking watching the Jerry Springer show. You had to pitch yourself to think that this is a debate between two people who are the candidates for the presidency of the United States. Charlie and are suggesting they are prepared to lead the free world. Guest absolutely. And what worries me is the consequences of this could linger. Even if Hillary Clinton wins, you can see the consequences potentially caught because there will be a faction of the country that thinks their president should be in jail. Charlie that is a conversation taking place. Guest and the conversation about Hillary Clinton and the misogyny of it and it is all just really depressing. Charlie you do not see this la