Saudi government. Juliette Goldman Sachs and apple in a credit controversy. He got 20 times the credit limit. Juliette alibaba shatters sales records on the annual singles day. 38. 3 billion. Juliette plus the top interviews featuring bankers and central bankers from around the globe. The slowdown is a concern. I am seeing that it has bottomed out. I see the level of the policy rate as appropriate for the economy we have. Negative rates are something which hurt the economy. The Important Message for the market is these Interest Rates are low for a prolonged period. Juliette it is all straight ahead on bloomberg best. Juliette hello and welcome. I am juliette saly. 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. The last 22 weekends have seen mass protests and sometimes violent clashes in the streets of hong kong with monday usually
Welcome to countdown. Show asn the shoe oil extends its losses, Jack Osbourne says the move is welcome. The fall and oil prices is very basically a good thing for the u. K. , u. S. And europe. Up itsia is ramping economic defenses in the biggest hike since 1998, after the lostl lost 10 ruble 10 of its value in one day alone. Give us the scale here. There are rate hikes and there are rate hikes. The benchmark was 10. 5 and it is now 17 . Thursday we heard the governor of the central bank said it would raise rates from nine point i percent to 10 . Many said that wasnt enough. Itmany when im expecting and looks like she change strategy and nelly got 600 and 50 basis point and now we got a 650 basis point rate hike. You to go back to october of 1998 to find that kind of oneday slide in the ruvell. Ruble. In two dozen 15 the joke was circulating hooton will turn 63, oil will hit 63 and the ruble will be 63 to the dollar. It looks like oil and the ruble got ahead of themselves. 62, and the r
Administration from moving ahead with actions president obama himself referred to as quote ignoring the law. Ignoring the law quote unquote president obama said that just over a year ago. The point is its time to allow this Homeland Security funding measure to come to the floor. Democrats say they want the ability to amend d. H. S. Funding legislation but then they keep voting to block their own ability to offer amendments. It just doesnt make any sense madam president. So in a few moments well give our democratic friends another opportunity to reconsider. They can vote to allow the senate to debate the Homeland Security funding bill. They can vote to allow the senate to consider amendments from both sides and thats what they actually should do. Thats what constituents have a right to expect. Lets take this funding bill up and get to work. The presiding officer the democratic leader. Mr. Reid in just a few days, five to be exact the department of Homeland Security will be out of money.
The presiding officer the majority leader. Mr. Mcconnell in just a few minutes, democrats will have another opportunity to end the weekslong filibuster of Homeland Security. It will be the first opportunity our friends on the other side have to show where they stand after a federal judge preliminarily enjoined the administration from moving ahead with actions president obama himself referred to as quote ignoring the law. Ignoring the law quote unquote president obama said that just over a year ago. The point is its time to allow this Homeland Security funding measure to come to the floor. Democrats say they want the ability to amend d. H. S. Funding legislation but then they keep voting to block their own ability to offer amendments. It just doesnt make any sense madam president. So in a few moments well give our democratic friends another opportunity to reconsider. They can vote to allow the senate to debate the Homeland Security funding bill. They can vote to allow the senate to cons
Take place in bavaria in june. They are also discussing pressing global problems, including the ongoing crisis in ukraine. Normally russia is invited to participate in these summits but not this year. For the First Time Since 1998, moscow is being excluded. A consequence of moscows involvement in ukraine and its annexation of crimea. Reporter the German Foreign minister welcomed the eu foreignpolicy chief to lubeck. They are meeting with Foreign Ministers from the seven most industrialized nations, but not russia. When moscow rejoins the group will be high on the agenda. He said that would depend on ending the crisis in ukraine. I have no interest in isolating russia. I would be pleased if we could reach a state of affairs where russia could return to the g8 group, but that could only be done by finding a solution to the ukraine conflict. They ukrainian conflict. Reporter the Foreign Ministers of france, germany russia and ukraine issued a joint statement in berlin on monday, calling f