Europe it will head to the u. S. Matt it is all straight ahead on bloomberg best. Matt hello and welcome. I am matt miller. This is bloomberg best your , weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a blockbuster media merger as at t announced its intention to buy cable giant time warner. Now to the big deal everyone is talking about. At t agreed to buy time warner for 85. 4 billion. Is this even possible . It is possible. You just have to turn the clock back 18 months or so, when at t bought directv. That was another Large Purchase for at t and this deal is bigger. The deals have something in common, a lot of people invest at t t or indexes with because of their dividend so they look for companies that are Free Cash Flow positive that will turn money so they can keep paying everincreasing dividends. At t is still ultimately seen as a utility to many investors. Directv and time warner are big
Also we have some earnings. Chevron, exxon mobile, murk. U. S. Equity futures at this hour, little bit of a mixed picture. More the most part down. S p 500 down 2. 5 points. Nasdaq is looking up. Were going to talk about some of the tech earnings last night. Markets had trouble all week. Remember the herald ham remember during that convention. Right. Just about the trump rally. Just about seems like every day we went up. The more that comes out of phil philly, the more the market is running. Maybe its coincidence. There were earnings. They were good except for ford. Other real things that happened in the world. The greatest thing about the market. The dacaterpillar. You can come up with any explanation you like. Just not for nothing, but i dont know. What its worth, its raining out today. Maybe thats it. I dont want this tournament to get rained out today. Hate that when they have to play 36 holes on a saturday. Maybe not. Its early. People arent teeing off yet. Youre talking about the
Welcome to squawk alley for a monday morning, im Carl Quintanilla at the new york stock exchange. The dow and the s p still on track for their worst month since january of this year. Lets bring in citis chief u. S. Equity strategist, along with mike santoli, who joins us at post nine. Good morning to you. Good morning. A lot of discussion about what fridays dramatic mean follows, were not seeing it this particular moment. Was that a one off . Yeah, i think so. Look, the market was fairly vulnerable already when we tracked investor sentiment, we saw complacency coming up, our interstock correlation data particularly was sending a warning signal and as a result i think you just needed a catalyst, could have been any catalyst. I think people respond to the particularly the comments, but it could have been the uwan weakening, fears in the u crane, anything can hurt you once you have vulnerability in the market. I was going to say, if i asked you a month ago if rosengren would bring a 400 p
Stephanie a cultural leader. We think about what wall street has been or the last war years. Mike bloomberg to Michael Lewis talk about talking about what an extra ordinary character he was. This ecb announcement coming today. You are looking at green, matt miller. Poker andad liars that is what got me interested in this business. I had the honor of interviewing John Gutfreund on many occasions and an absolute giant in the industry. Anyone who has not read the book should. Look into his career. Markets, gains in futures ahead of the ecb meeting. All about the ecb meeting today. We were playing cool and the gang earlier, excited. Stephanie you were playing cool and the gang. I would like to separate you. Matt a celebration. Seeing what mario draghi does, the market expects him to cut the rate by 10 basis points, 80 . A 20 chance, according to futures that he cuts by 20 basis points. That would be the bazooka. Overnight in asia in anticipation of this, the shanghai, down 2 and hong kong
Learner new year holidays. We are seeing a complete reversal on european stocks. For him to dive into the brexit issue is a nice sideshow this morning. I guess the main event will be any comments on negative Interest Rates or further negative Interest Rates, one of our themes, no doubt about it. Francine it will be interesting to see. Lets get to the bloomberg first word news with ramy inocencio. Hillary Clinton and Bernie Sanders squared off in their last debate before five states hold their primaries next tuesday. They zeroed in on seems they hope will drive democrats to the polls. When we talked about immigration, the secretary will remember one of the great tragedies of recent years as children came from honduras, where there is probably more violence than on most any place in this country and they came into this country, and i said welcome those children into this country. Secretary clinton said send them back. Each one accused the other of flipflopping on immigration to appeal to