Roundtrip from last weeks big declines. The gains are back, and the stability is back, and the lack of volatility is back in the stock market today, as we see technology outperformed. That is a trend that has been in effect year to date, and we see it back in effect today. Weve seen the reversion to trend for the major averages. In terms of some of the individual stocks we are watching, we want to take a look at what is going on with altria group phillip morris. Bonnie herzog is saying that she thinks there is a deal in the making between two companies. It looks like we have a typo with our second ticker, but we can see that shares are trading up 1. 3 . We are also seeing some of the , some weakness. Amgen, the company saying a study of an experimental osteoporosis medicine did show success amongst 4000 patients in reducing the incidence of bone fractures. However, 2. 5 of the patients who took the drug developed serious cardiovascular side effects. That is why shares are down. ,his wa
And alongside mark barton in london. We are discussing the horrific attack in manchester. Mark at least 22 people were killed in this suicide bombing at a pop concert filled with children. 59 others have been injured in the attack carried out by one man who died after, detonating an explosive device. The blast happened at 10 35 p. M. Police are treating it as a terrorist attack and eyewitness accounts described shrapnel wounds consistent with a nail bomb. It is the worst attack on british soil since the london bombings in 2005. This comes two months after a lone assailant left five people dead outside the houses of parliament. Children were among the victims. The assault does come during the middle of a general Election Campaign. The parties say they will suspend activities. Right now, Prime Minister may is chairing ameeting of the governments emergency committee, which brings together ministers and security officials. We have heard some comments from various dignitaries abroad, Angela
Of sweden. Sweden is not a member of nato. Neither is russia. Good morning, everyone. From a meeting of the World Economic forum, i am tom keene. Francine lacqua will join me in a moment. It is called today. It is adapting to the new world order. We will catch you up on the news in london, with sebastian salek. Europes biggest bank, hsbc, says Trading Operations that generate about 20 of revenue for the Investment Bank in london may move to paris. Speaking exclusively to bloomberg, Stuart Gulliver and was confident about londons future as a financial capital. Stuart this is a decision british people made, so we need to execute it. But london will return london will remain a global mental center. Ofelieve the revenue impact brexit on Financial Services will be made good in two or three years time. I do not see the Foreign Exchange market moving, the equity market moving, the highyield bond market moving. Specific we will happen is those activities covered specific by european legislatio
Citing the president s words on the campaign trail. President trump is proposing budget cuts across the increase inor an defense spending. The state department would be cut by 28 . The Environmental Protection agency would be cut by 30 . The pentagon would be increased by 10 . Lindsey graham caused the cuts dead on arrival. The spread of populism, giving win. s party a big turning back a challenge by the antiislam Freedom Party. Wilders did worse than the polls. Redicted he proposed blocking immigration by muslims. In asia the China Central bank is in step with the Federal Reserve. The bank of china increased cost of borrowing in open Market Operations and on mediumterm lending. The central bank said the increases do not equate to interestrate hikes. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. , this isa cehic bloomberg. Equities, bonds, currencies, commodities, we saw great move off of the fed action, a more dovish tone. Co
Erik in the midst of political turbulence, financial leaders seek solid ground. The key is to maintain as much as we can, functionality. Erik mary barra sees positives in new policies for u. S. Automakers. This is something we can do to be more effective and efficient. In the end, it will have a bigger impact on the environment. Erik it is all straight ahead on bloomberg best. Erik hello and welcome. Im erik schatzker. This is bloomberg best. Your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Many of this weeks most important events have been on the calendar for months. On monday, political surprises were the order of the day. We have some breaking news, because the Congressional Budget Office has released its scoring its assessment of the house gop alternative to obamacare. Some of the big headlines out right now. The bill would reduce the federal deficit by 337 billion. 14 more it would cost Million People to be