Then the news review. Brexodus fears grow in the City Of London, as leading firms warn thousands of staff may now be relocated. Plus, breathing space. No Arrest Warrant for samsung boss jay y lee. But prosecutors vow to continue the Corruption Investigation without wavering. Welcome to World Business report. Im sally bundock. Well be live in seoul injust a moment. Well get the latest on samsung. But first, this. We start here in london, where fears of a costly brexit exodus of banking jobs are growing. Leading firms are now weighing up moving thousands of staff out of the uk, after Prime Minister theresa may confirmed plans to leave the european Single Market as well as the eu, the so called hard brexit option. So, what have we heard already . On wednesday, the boss of hsbc said hes preparing to move around 1000 of his 5000 london staff to paris. That would mean around 20 of its european revenue leaving the uk, worth several billion dollars. Swiss rival, ubs, also told the bbc that 100
M alloway. D in tracy yousef, there is a lot going on posted Donald Trumps inauguration. What are you looking at today . At thislets look chart, what is happening with the dollar index. Quite a few moves in the dollar the last week or so, and you see that big move to the downside, that is when donald trump first said the dollar was getting a little too strong and then he got upside movement. Context,chin put saying this is a longterm view about the u. S. Dollar. Fortunes of 1 , this is the move you should be focusing on. Capitalsupported by the inflows, tracy. Tracy yes, you think about the strong dollar. Actually the dollar is basically flat for the year. Its down a little bit. Absolutely. Definitely concern about the sustainability of this rally if you look at the dollar index and how it has performed. The rally has been incredible, but the likes of citigroup still think you have not seen anything yet. Theres still plenty more to come. All right, this will be a theme in our show. Let
The story of a neighbors collapse. Venezuela massive street demonstrations, three dead. The socialist president maduro says the time for come back has arrived. Its destabilizing the region. What should america do . Send in the marines, send food . Let them sort it out themselves . Were on it, and what exactly are we allowed to smoke. On the day that new york city bans Tobacco Sales in some stores and tries to put up the pack of cigarettes to 13, thousands of people will light up a joint in public. Its marijuana day, 420. Come to this, tobacco increasingly expensive and outlawed and marijuana increasingly accepted and getting cheaper. Varney company is about to begin. A disintegration of venezuela, once a wealthy country, sitting on the biggest oil reserves in the hemisphere, now a socialist dictatorship and falling into anarchy. Look at that. Emack, whats this about the seizure of a General Motors plant. Liz yeah, affecting 2700 workers. The judiciary in venezuela took the factory and
Some may hate them. Well tall what they are. You get to decide. And what happened earlier at the white house is also playing a big role in todays rally. President trump setting a trap with the stroke of a pen he launched an investigation into whether chinese and other foreign may feel is a threat to americans, not economics. But National Security. U. S. Steel stocks are surging right now on that. Weve got our fox Business Experts standing by to tell you how all of this could affect you and your portfolio. Brad blake man and robert on steel, taxes, and the Gop Health Care plan. General jack keane on the accusing message secretary of state Rex Tillerson just sent about the Iran Nuclear Threat and what about north korea . What do we do there next . Dont cut up that amex card or countdown American Express charging up major gains, less than an hour to the closing bell with the bulls firmly in control. Lets start the countdown. Liz breaking news as we await the rival of italian Prime Ministe
Welcome to bloomberg day break europe. m anna edwards. Manus five years have been defeated, we went behind the data and had a look at a couple of different things. 5, 6, 7. Line, b. T. B. The blue line shows were expanding. Eres a satellite out there, two billion observations, so this space view of whats really going on in the economy. You may be trading less with china but the cost of goods in china is rising. Thats the key message over the past 24 hours. Anna yesterday we were worried about china, today seems to be about stabilization in china. You can see how this better data in china is having an impact. Its bouncing up. 4 . Thats the china story as is the sell were selling of the yen down around a third of a percent. Yesterday the yen was up on concern of export, today the yen s dun buzz of stabilization. Manus everyone comes up with the cliche, its more about Dollar Strength than yen weakness but these two indicators are about a proclivity for risk. The thai bhat there, it advanc