, and i am Francine Lacqua, here in london. Merger, with moncler s. P. A. Buying stoneham. If you look at stocks, near record highs, a hope for a u. S. Stimulus deal, tampered concerns about coronavirus, and of course on the brexit front, the pound is rallying as u. K. Prime minister Boris Johnson is heading to brussels for a teteatete with the british european negotiator. Luxury on is a new the block, moncler has agreed to buy highend luxury brand stoneham in its first major acquisition. Turning down a takeover approach last year. Joining us, i am delighted, it remo ruffini, chief executive director of moncler. Thanks for joining us. Is this a new luxury conglomerate that you will create . I am, actually, you know, concentrated on the deal, because i am quite concentrated on the deal, having said that, never say never, because last friday, when we decided to close, and i prepared the press title was beyond station and beyond luxury. We need to find something to be as much unique as we
The focus is to make this next three quarters count. Kailey a major merger in telecom gets approved. It was an unusual decision. Kailey democrats unite sen. Sanders we are going to unite together. Kailey a Cabinet Reshuffle in the u. K. Takes a startling turn. Not someone walking out on the job. Kailey an exit interview with the outgoing Credit Suisse ceo. Tidjane thiam. The true legacy comes after we leave. Kailey it is all straight ahead on bloomberg best. Hello and welcome. And this isleinz, bloomberg best. Your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. We began with a familiar focus, assessing the spread of the coronavirus outbreak and measures to blunt its impact. The global death toll from the coronavirus has now topped 900. Hubei province posted the most fatalities for one day. Medical experts from the dove w. H. O. Heading to the epicenter of the
We have been covering the economy, bringing you live coverage from beijing. In the meantime, this is what is happening in europe. Euro area november services pmi falling to 51. 5. Anything above 50 is expansionary but below forecasts. Again, this is for yourarea manufacturing for the month of november. Quite a lot going on in the markets. It is all about the ecb speech and Christine Lagarde. How she means new policies will be taking place. Stocks overall on the up. We had a similar rally when it came to asia. Pointing towards a marginally strong open in the u. S. As investors try to figure out headlines on the trade dispute. Say, a lot of the talk in beijing was on that. The dollar is mostly steady. Lets get first word news in newark city. New york city. I fear this was all going to blow up. Those were the exact words spoken by fiona hill in the impeachment hearings, that is what she told fellow diplomats but that she now understands why he was not involved in security or Foreign Polic
We have the markets on the move. We also have some pmi figures. Euro area january services pmi rising to 58. That was a little more than the preliminary 57. 6. Eurodollar, 1. 2462. Europe seems to be powering ahead. Stoxx europe 600, down some 3. 8 . We saw that big selloff in asia. It is all about Global Market angst because of rising inflation. Today is the day that jay powell takes over from janet yellen. It will be interesting to see what he makes of some of this. Yield, 2. 31. Year we have an allstar guest lineup for you today. Mark wilson of of eva, the largest insurer, joins us shortly. We also have to yield, 2. 31. Look at the future of advertising. We also talk about the French Economy with maurice levy of trackis, and we will treasuries and the selloff with john normand. Lets get to the bloomberg first word news. Nejra in america, janet yellen has said u. S. Stocks and commercial real estate prices are elevated. She made the comments to cbs sunday morning tv show in an interv
Francine lacqua. Resurgence for the far right. Belowdex is a little bit estimate for the month of september, 115. 2. Lets check on your data to see whether it has any impact on euro or not. You can see eurodollar, 119. Politics are dominating trading. The sliding a touch euro sliding a touch. Gold falling, crude edging low as well. That is your data check. Lets get to the bloomberg first word news. Nejra donald trump has stepped up his criticism of the nfl sing fans should not go to the games by saying that layers who protest Police Brutality during the National Anthem should be fired. Said heand patriots ceo was deeply disappointed by the president s comments. Meanwhile a trump has ordered you travel restrictions on a countries replacing the current ban on six majority muslim nations. It targets travelers from iran, libya, yemen and somalia. The move opens the president to what could be a new wave of legal challenges. Iran has testfired a new Ballistic Missile in defiance of citingted