Customer. And sell them straight to the customer. A decade after the financial crisis, is the world ready to be taken off of financial and support . This is bloomberg surveillance and im Francine Lacqua in london. We go to a suburban paris, where six people have been hurt after a car rammed into them. Police are still searching for the driver and the car. This is according to police reports. Place aftere sentinel operation since n was declared to remain until it is no longer useful. This occurred in the northwestern suburb of levall ois. We will keep an eye on that. On to geopolitics and the impact on the market. We see a very clear movement into havens. This is what we are seeing the goldyen gaining on the tensions in north korea. European stocks, slumping following declines across most of asia. The vix is up. Does get straight to the bloomberg first word news. Reporter the South African rand has led declines among major currencies after president jacob zuma survived another bid to ou
Ewsprint t tenants names carl icahn to head of his deregulation campaign. And Peter Navarro to head a new trade counsel in the trump white house. That is what you need to know at this hour. Bankthe future of italys with lisato milan martin. Have we got any color on what the plan is from here . The next 40 hours will be critical. Paschi, the indication at the moment there isnt much there. The bank will seek some kind of government intervention. The bank as a Firm Deadline by the end of the year to offload a significant amount of bad debt. What we expected here between now and friday is the government approving a decree that will set up the rough outline of how it will put up to 20 billion euros on the table for monte paschi but potentially for other lenders, too. Jon with the prospect of state aid on the table, how do you implement burden sharing and protect bondholders as well . How do you do that . This is what is going to be key. What we have seen in similar situations earlier this y
Ceo of the alan Company Conference in idaho, we will have his take on the latest round of the bed for yahoo will verizon make the big move . The story today around global yields of course. Jonathan lets get everyone up to speed. Softer, up byle 1. 5 here in london, the losses piling up and mainland europe with the dax down by over 2 . If you to the headline in the fx market. The lowest since 1985, down by cured alltime low yields, japan, u. K. , u. S. , 10year yield down by 1. 33 . Crude softer at 45. 98. Gold at a twoyear high. 30 right here, right now. Lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories today. Guy johnson here in the city on the pound and the Global Equities and the current in asia, turning negative. Yelena shulyatyeva in new york, and possibly more stress for the u. K. Funds. Lets begin in the city with guy johnson. He joins us with a check of the market at the top, the fx market shining bright red yet again. 28 and
41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Facebook. Alphabet. And, amazon. And, i gotta tell you, 4 for 4 is pretty impressive. You see the nasdaq holding in there. Playing catchup. I didnt think we would go through the gauntlet unscathed. I felt one of them would screw up. I think the worst one was amazon and that was pretty great. It was not as huge an upside. And i have to tell you, their Conference Call has gone back to this opaque nature i cant stand. You know why the quarter was good . A fly wheel. Fly wheel . Thats like isnt that like p
We talked to an economist who is going against consensus and says today is in play. Fromank of japan refrains another Interest Rate cut and instead pledges to bolster the market yield cuts. How investors are coping in a less than zero rate environment. Football and potential fraud. How a Chinese Investor group is seeking funds to buy ac milan, false big report during the initial bank negotiations. A lot of Market Action today, we have already seen some movement after the bank of japans decision. Lets get straight to julie hyman in new york. Potentially, a lot more to come this afternoon with the federal reserve. All three major averages are rising. We saw an increase in stocks in japan and an increase in the yen, even after the bank of it is not that necessarily limiting asset purchases, it wont make any more for the moment but there is skepticism being expressed on the part of investors. In the u. S. , all three major averages are trading higher by. 5 going into the fed commentary thi