On what it means for business. Plexus will require a complete assessment. It is all straight ahead on bloomberg best. Matt hello and welcome. Im eric schatzker. Youris bloomberg best weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets begin with a day by day look at the top headlines. Many investors had thursday and friday circled on they calendar. The week began with equity market. The previous record close was 31. 8. We barely missed that on friday. Here is something really weird. Higher rates on government securities. Its the yields werent this low there would be a lot of excitement that because we see yields grinding lower today it feels like people are very nervous. Especially when you see it spike back up. Those can move pretty quickly. Always it is going to be scrutinized. Do we really deserve to keep. Ates this low longest winning stretch. K. Stocks have rallied it is up about 5. 4 when you take into accoun
It is that we have a broken political system we are trying to understand. How did it get to this situation you have with the divided party and what are the repercussions in europe . We are just trying to figure out where it goes and what it means for us here in europe. Tom i totally agree and particularly nation to nation as may makes a visit to merkel today. Now to our first word news, heres taylor riggs. Taylor Donald Trumps son announced that he had the number of votes needed to win the republican nomination. His son says that as president , trump will not take no for an answer. I know that when people tell him and cannot be done, that is when he guarantees it can be done. When someone tells him something is impossible, that is what triggers him into action. Taylor the convention also nominated mike pence. There will not be any hard targeting when theresa may meets with Angela Merkel. Merkel has said there will be no concrete negotiations until the u. K. Triggers the clause. May and
Erik we get more exclusive perspective on what a brexit means for business. They will have to redeploy people and decide what countries they are going to. This will require a complete reassessment going forward. Erik from highflying deals to augmented reality, it is all straight ahead on bloomberg best. Erik hello and welcome. I erik schatzker. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines. Many investors had thursday and friday circled on the calendar, waiting anxiously for Bank Earnings. But the week began with equity markets on an unexpected tear. The previous record close was 2130. 8. We barely missed that on friday but we have blown through it today at 2137. We have blown through the 2137. 4 intraday high. It does not matter which high youre looking at, we have beat it today. Here is something really weird. Are you ready for
Johnson joining us from our european headquarters. Headline number for me unchanged. Guy they will keep the they purchase facility are saying they do not have enough information to make a decision at this stage. Maybe at the beginning of august we may see a rate cut. Sterling has picked up on the back of that, no rise to see what is happening. We will have to wait a few more weeks before we get that decision. Everybody waiting to see what will happen. I do not know a reflection of whether they believe a rate cut will have zero impact on the u. K. Economy, or want to see the effect of the brexit referendum story will have. It a stronger pound, kneejerk reaction in the fx market, yields higher off the back of the 10 year gilt yields around 0. 7 . Is this to do with a lack of data . All we have is a confidence survey. A bit of data but not much. Sentiment about consumer there are not much indications that some businesses are delaying investment and hiring, some signs pretty brexit vote st