Thats a 13. 8 increase month on month. Pretty good, alix. Israel alix can it last . And coming up this hour well speak to valley grant, Senior Vice President and henry mcveigh, ahead of global maam row and Asset Allocation with his report on economy and investments. The main macronews that happened was beijing following through on the threat of retaliation, china ordering the u. S. To close the consulate in chengdu and comes after the foreed closer of a Chinese Mission in houston. Sharon chin the asian bureau chief, how big of a disruption is it between the two countries . Sharon i mean the whole dispute over the consulates, the u. S. Asking china to shut its houston consulate and china asking the u. S. To shut down its consulate in chengdu has en a severe reaction and the worst theyve taken in the last few years. Here it was immediate, people on the ground expressing support for the chinese government. There was a lot of security on the scene in front of the consulate in chengdu and a
And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields at the lows stock market, too, is hugging this very familiar area, basically flat on the day. That is an area of attraction. Well see fit lasts for now. It is the defensive factors. The ones that benefit from low yields that are up today, real estate, staples and utilities. Take a look though at a couple of indicators as we wait for the fed decision tomorrow. Whats going on and how quiet the bond m
We have a lot of time left, we will see what happens. Pushing for concessions in hong kong. The u. K. Parliament takes a stand against in no deal brexit. Parliament saying clearly we will not take kindly if you try to surpass us. Ibm and red hat signed one of the biggest tech deals ever. We will extend their reach into 175 countries. An analyst says recession may be coming, but investors should not fear the worst. It is all straight ahead on bloomberg best. Hello and welcome, i am Rosalind Chin and 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 a day by day look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operations in the struggling lenders latest attempt at a turnaround. David a banking bombshell. Deutsche Bank Planning to cut 20 of its workforce. That is 18,000 people. Shutting down its equity sales and trading business. Guy the los
Legislation,extra extradition legislation saying it is dead. Deutsche bank shares slumped over 5 as danske bank flashes its profit forecast for the year. Manus welcome to daybreak europe. Time for a little defense. S p, lower. It is blackrock who leads the charge this morning, cutting their equity risk, changing cash balances. Go moderately defensive, the difference between blackrock and blackrocknley is likes u. S. Equities. They still want to be overweight u. S. Equities, so that is something to bear in mind. How much more bang for your fed back will you get . We will put that to the guest host this morning. Lets look at consequences of over ambition. Capital. Apple. The michigan what happened during the session, a downgrade coming through. Fundamental deterioration they are saying. They are worried about the iphone and in terms of analyst, they havent been this negative on apples 2004. Ratings on the stock, the most since 1997. The market is pricing in 87 basis points of a cut. Thre
Before the meeting. We will see what happens. Rosalind protesters keep pushing for concessions in hong kong. The u. K. Parliament takes a stand against a nodeal brexit. Parliament saying clearly we will not take kindly if you try and bypass us. Rosalind ibm and red hat seal one of the biggest tech deals ever. We will help extend their reach into 175 countries. Rosalind close Henry Mcveigh says recession may be coming, but investors should not fear the worst. If i were to quote shakespeare, it is sound and fury signifying nothing. Rosalind it is all straight ahead on bloomberg best. Hello and welcome. I am rosalind chin, and 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 a daybyday look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operations in the struggling lenders latest attempt at a turnaround. David a banking bombshell. Deutsche ba