Citigroup names james frazer Ceo Jane Fraser ceo, making her the first woman to run a wall street bank. Good morning. A massive milestone on wall street. The first female to run a major wall street bank. Is this a High Water Mark . It is a crack in the glass ceiling. We have a lot to cover this morning. Covid cases are kicking up, brexit drama, and, of course, no stimulus bill yet. Nasdaq yesterday closing down 2 , a crack in the tech rebound. Futures are up. 01 this morning. Here are your stoxx 50 futures in europe, showing a slower start. Down nearly 0. 3 . In the eurodollar, 1. 18. What lagarde said about the euro, not too worried, she seemed. Joining us now is janet mui, investment director at Brewin Dolphin. Good morning to you. I want to start with what is going on with the tech rebound we are seeing. I was looking at the bullinger, and you can see the nasdaq unable to get rid of that breakout of the midrange. Is this a signal of more erosion or will stocks start to trade sideways . I think it is because the rally has gone too fast and too much. It has been concentrated in just a few megacaps, where there has been increasing retail interest and not just in buying stocks but buying derivatives of while, which skewed market momentum. It was drivenat by a lot of momentum and as a momentum fades, there will be more of a selloff and volatility, which we think will. Ersist for a while we got a bit more negative news weing of the virus front, have no progress on the stimulus for the is a big market in order for the rally to keep going. I think it is just the environment where stocks are having a recess at the moment. Think the market is pricing in the stimulus bill . On Proper Campaign season, still no stimulus will, and on top of that, disappointing jobless claims. I wonder if the market needs to price that out or do disappointing jobless claims make you want to price in jobless relief . Janet the current economic environment is not great at the moment. The recovery is going on but what were seeing now is a stall in the, group in the economic recovery. Not just in the u. S. That in europe and the uk as well. The only standout is china. In this economic environment, i nk markets are saying whether it is justifiable in the shortterm. Especially with the u. S. Election in two months, where there is still uncertainty. Markets are pricing in, than the polls are projecting a biden presidency, which historically should be negative. I think investors are trying to be cautious. However, i still think the structural environment is still a positive for stocks because of the very accommodative policy and bearish Interest Rates and the potential for stimulus . Annmarie so the fact still remains the backdrop to the equity rally. Morgan talking about yesterday that it will not just be a[laughter] u. S. Election day, it will be a u. S. Election week or two weeks. Our investors starting to price in volatility . Janet this election is like no other, definitely. You cant really compare with the previous elections. History will tell you that with such an economic environment, where we are having a recession isthe election year, there low chance of the president being elected. But this recession was brought bywhether virus not the virus, so it is not a traditional recession. So there is still a lot of uncertainty. History would tell you that a unified democratic government would the negative for stocks. We think that aggressive measures may hit earnings. Still be lots of fiscal stimulus. [indiscernible] annmarie i was looking at gross leverage yesterday, a measure of risk, and we are at top 10 percentile. Why arent investors in this environment not racing in or protecting more to the downside . To be honest, i think a lot of it is because of the liquidity by central banks. Whenever you have the market weakness, you have some risk ahead, everyone will be saying, at least we have the fed who is on hold for the foreseeable havee and potentially will asset purchases from the u. S. Or potentially from japan. There is no alternative market environment where everyone knows that the valuation of certain areas of the market is high, but there is really no alternative but to put these assets in the market because you dont get any yield for other alternatives from other alternatives. Francine janet, you will be staying with us. Continuing the tech conversation, or rather the bifurcation of the technology space, the tiktok up owner is looking to it spend billions of dollars and create hundreds of jobs over the next three years. Lets get more from Juliette Saly in the lion city for us. This came overnight. They are really picking up their in singapore, arent they . Juliette they really are. In the timing is interesting, President Trump demand that tiktok sell its u. S. Operations. We understand bytedance has applied for a digital license from the Monetary Authority in singapore, only one of five the regulator will give out to none banks by december and they plan to invest billions over several years, predominantly setting up singapore as a data center for tiktok. There are more than 200 job openings and positions in singapore, everything from payments to ecommerce and data and privacy. We are seeing south asia open up as an alternative to other areas as these hostilities from china continue with the likes of the u. S. And australia. From Bloomberg Intelligence tells us singapore is highly attractive to tech firms, the workforce is tech multilingual. Longterm, this could provide a big boon for Investor Sentiment in singapore too, we have seen an underperformance in the index so far in 2020, but there has also been quite a lot of big market moves happening in singapore. Singapore airlines announcing it will let go of 4300 jobs due to the pandemic. So this will be a big boost for the lion city . Annmarie certainly. We keep seeing job losses across sector. Ines this adds to the more than 400,000 from that sector alone around the world. Juliette saly, thank you very much for that. Thats good to the first word news with laura wright. Laura europe has overtaken the u. S. In new coronavirus infections. The e. U. , norway, iceland and it didnt sign reported more than cases thursday. The region has emerged as the latest hotspot after bringing the pandemic under control earlier in the year, with surges in countries including spain and france. The odds of another round of u. S. Fiscal stimulus have been dropped. Senators blocked another republican proposal in the region of 500 billion to 700 billion. Democrats are looking for 2. 2 trillion. Minority leader Chuck Schumer told reporters he hopes the result will prompt gop lawmakers to come to the negotiating table. Rio tintos ceo is stepping down amid concerns over the destruction of Australian Heritage sites. He came under pressure to step explosions ate to a mining area in a 46,000yearold sites, which archaeologists say is among the dust in the country. Is among the in the country. Jp morgan is requiring most of its sales and senior employees to return to the office soon. Managing directors and executive directors will oversee subordinates. But those with childcare and other Health Issues are not required global news, 24 hours a day, on air and quicktake by bloomberg,. Powered by more than 2700 journalists and analysts in more than 120 countries. I am laura wright. This is bloomberg. Annmarie laura, thank you so much. Coming up, three weeks. That is how long the e. U. Is giving Boris Johnson to scrap plans to override the brexit Withdrawal Agreement or risk legal action. And as new york prepares to mark the anniversary of the worst terrorist attack on american soil, we speak to the chairman and ceo of cpw. It lost more than a quarter of its employees in those attacks of 9 11. You are looking at live pictures of manhattan as the city wakes up. We will bring you live coverage of 9 11 memorial events throughout the day. This is bloomberg. Annmarie good morning. Iis is bloomberg daybreak, am Annmarie Hordern. Set totrade talks are continue next week, despite the uk rejecting the e. U. s ultimatum to scrap the plans for the Withdrawal Agreement. Economy and Financial Affairs commissioner told bloomberg it is up to the British Government to reestablish trust between the two sides. Verydeed, the bill was between themaging u. K. And the e. U. So what we are stressing now is that it is up to the British Government to work to reestablish this trust. Our is running, because assessment is that either we reach this agreement within one month from now you know that the formal deadline is the end of the year, but to have an agreement, we need to have decisions taken at the beginning of next month, beginning of october. So the reestablishing of trust, which means the changes in this bill that was introduced in recent days is of essence, and it is very urgent. If the u. K. Does not back down, will there be a hard brexit . Well, as we always said, this is not the european , this is not the european will, this is not the solution that we envisage. But you need two parts to have a deal. Anyf there is not seriousness in respecting the agreements that we are on the basis of, the negotiation that is now going on, i think things will get very difficult among the e. U. And the uk. We are now working for this, not at all. We are not working for a hard brexit. Trustfuled to have a partner to have a deal. We heard today from the ecb that they revised upwards their 2020 forecast, but they see the stabilization of any rebounds next year. What is your assessment of the european economy right now, what letter of recovery are we in . , in general, with a similar analysis of the one of the ecb, our valuation, we will have our winter forecast in november. Our evaluation is that we will have a rather tough recovery butcially in june and july, perhaps according to highfrequency data and new granular data, the speed of the recovery slows down in recent weeks, in august. So i think we still have in aroundf us uncertainty the strength and the speed of recovery. To reinforceis confidence in the markets, in the citizens, and in the business community. This is what with our recovery plans, we will try to do in the next weeks. Because uncertainty is still ofre, and we are not sure the speed of the recovery that is underway . Annmarie e. U. Commissioner for economy and finance speaking exclusively to bloomberg yesterday. For more, we still have janet bewley from Brewin Dolphin. Ashe drama continue the drama continues with brexit, how do you price this in, and the latest agreements regarding the Withdrawal Agreement, does that toys on the wider trade agreement they are trying does it poison the wider trade agreement theyre trying right now to get a deal on . Janet absolutely. Indeed, the pound has strengthened. We think that markets have not actually priced in the probability of the Nodeal Brexit potentially by the end of the year, because i think markets were very focused on the covid situation, on the liquidity side. Happened, if there are more negative tensions, we will head into a hard brexit. We all know that in the past few punishthe market will any negative deals regarding brexit. In terms of being toxic to international relations, absolutely, the amendment to this bill is actually breaking International Law. Not only would the e. U. Not be happy about it, i think the u. S. Has come out and said we cannot make a trade deal with the uk because it is breaking International Law . Annmarie yes, nancy pelosi said forget any u. S. The uk trade deal if this happens. I wonder if that is another risk of the market niche to suggest that some of the risk of the market needs wonder if that is another risk that the market is today to digest . Previouscording to analysis and surveys, it put the probability of a hard brexit at 100 and it can go as well as 110 to the dollar. So, yes, we may will see a volatility on sterling and weakness from here . Annmarie janet mui stays with us. We will be talking about the ecb next. Coming up, Christine Lagarde says the ecbs keeping an eye on europes, but she doesnt sound the alarm just yet. We analyze the latest meeting. This is bloomberg. Overall, the balance of risks to the euro area Growth Outlook is seeking to remain on the downside. We decided to maintain our monetary policy, to maintain our accommodative monetary policy, and certainly, under current circumstances, it is very likely that the full envelope of debt will be used for the purpose of developing those policies. We do not target the exchange rate. Our mandate is price stability. Extent thatthe appreciation of the euro exercised in negative pressure on prices, we have to monitor carefully such a matter. The strength of the recovery remains surrounded by significant uncertainty as it continues to be highly dependent on the future evolution of the pandemic and the success of containment policies . Annmarie that was ecb president Christine Lagarde, saying the surge in the euro must be monitored but without signaling any pressing need to adjust monetary policy. The currency jumped to the highest in more than a week. Janet mui from Brewin Dolphin is still with us. Concern . A lack of . N the euro at what level do they start to get concern . What does a higher euro mean and when does that anxiety when do they start to talk about it publicly . Janet i can sympathize with the ecb actually. It is very hard to control the currency level. It is not their mandate but it is out of the market expectation. It will euro start to get nervous for exposed countries like germany. Yet. E not there the ecb has a ready putting so much stimulus measures 1. 3 5 trillion pandemic emergency program, negative Interest Rates, what more can they do . To impactally need the euro, it would have to have a very bold policy, which sounds difficult for now given so much they have done already . Annmarie yes can lead euro definitely stole the show yesterday. I am interested in the europound, given the weakness we could see the pound, given the brexit negotiations and where that goes. We have an uptick of covid cases as well in europe, actually surpassing cases in the u. S. Yesterday lagarde also revealed new projections, saying we now expect the economy to expected. Ess than is there potentially a bigger risk to what they are seeing in their projections, given the rising covid cases we are seeing in europe . Janet absolutely. It is so hard to make Economic Projections nowadays. You would be challenged by any authorities around the world. There is so much uncertainty surrounding the resurgence in cases. That is absolutely key, because when you have a resurgence in lockdowns,ave local more rules regarding how many people can go out together, and more quarantine measures for arrivals from the e. U. Like greece and portugal, that will definitely be a hit to sentiment because consumers and businesses, when you have a traveling, ithe is bound to hit the economy. It is very tough to factor in the kind of projection when talking about a few or three quarters ahead . Annmarie janet, we have to live at there. Thank you so much for your time this morning, janet kne mui, investment director at Brewin Dolphin. Give you my world how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with xfinity mobile. Good morning. From bloombergs European Headquarters in the city of london, i am Annmarie Hordern. Bloomberg daybreak europe. Tech tumbles again. Heavyweights in the u. S. Cant hold on to resent reebonz. Global stocks had for a second week of losses. An ultimatum that you obama is giving birth the e. U. Is s johnson one an ultimatum not to back down on the exit deal. And citigroup names james james frazer ceo, mccue her the first woman to lead a wall street bank. Well get to the top story in a moment. We had the faltering rebound in the tech sector yesterday. You could see it at the top of the board and nasdaq 100 closed more than 2 down. Though there is a reprieve in features this morning. Euro stoxx 50, though, to the downside. Eurodollar was the star of the show yesterday. We will be looking at the pound throughout the morning, under some pressure from fresh brexit drama. Richard jones says we are a matter of weeks, potentially days away from 0. 95. Now to our top stories on the financial industry. Citigroup has named a new ceo. Jane fraser will become the first female to lead a wall replacing the ceo retiring in february, after eight years on the job. Candace, thank you for joining us this morning. What does the appointment say about how far wall street has come on gender issues . Many are obviously welcoming this move, but still some say it is a be steps, not the High Water Mark just yet. First and foremost, lets give credit where it is due, citigroup has certainly made history with this announcement. It is part of a creeping change across corporate america, 31 women already lead s p 500 companies. So it is really great news to see a woman in the top job of up our for wall street bank. That said, it will emphasize how rare the situation remains. The finance industry in the u. S. And really in march of the world much of the world still has a long way to go when it comes to gender equity, not just in ceo jobs but equally among the ranks of senior management. Example,he u. S. , for the top groups that oversee the six x, only j. P. Morgan has six banks, on the jp morgan hasnt even gender split. Good news, but i think it is also going to get folks asking questions about what is next for j. P. Morgan, for bank of america or Morgan Stanley and the rest of the industry . Annmarie certainly. I think the spotlight will be on the other major wall street bankstell us a bit about jane fraser. What kind of experience that she bring to the top role . Candice a little bit about hoechst areas, the show about her experience, she was at goldman sachs, mckinsey and she experience,ional but her star rose very quickly since you joined citigroup into thousand four. She has had experience running areas thaty teams, are in the center stage. I think her old boss complimented her really well in the yesterday when he said she has demonstrated in the past decade that she can manage any region. And this is a testament to her ability . Annmarie she will have a number of challenges ahead of her, though. What are they, what would you say are her top three in terms of her to do list going into this role . Candice to start off with, the obvious one is the fallout of the pandemic, citigroup has to navigate that. The Banking Industry in the u. S. And the rest of the world. , citigroup has repeatedly missed its own targets. So that is going to be next. Earlier this year, it abandoned improving equity, a key measure. The stock price remains less than a 10th of what it was before the 2008 crisis. So i think it is great news, but she has homework cut out for her . Annmarie certainly. Zechariahs thank you so much for your time this morning. We will stay with diversity, looking at the sports and film industries. Both made changes that signal progress in a quality and inclusion, kicking. This off with film starting in 2024, the oscar awards will only go to movies that are diverse on screen or offscreen. Our bloomberg clicked it reporter in new york joseph now. Thanks for staying up late. What exactly do these new rules specify . The lack ofs after diversity in hollywood came to a head with the oscars so white campaign, the academy unveiled their own fiveyear plan for how they will bolster inclusion and diversity. As you mentioned, getting with 96t Academy Awards in 2024, best picture nominated films have to meet criteria to be eligible. The announcement of that came on tuesday was a surprise and was definitely praised i some people, who said it is a step in the right direction and it is process. This and it is progress. Other people werent as excited right direction and it is progress. Some people were not excited. , for example, said it could get in the way of creativity. The academy for unveiling the new criteria but said none of this is going to really push the conversation forward. I mentioned dr. Stacy smith because she comes out with that and will report on diversity and inclusion, and her report this week actually found the changes made in hollywood hasnt done enough to push things forward. So we are going to keep hearing how this will affect the awards season in the next few weeks but this debate, definitely doesnt stop here. It will probably go on through the next few months and years0 . Annmarie staying with films, i have to ask you about. I know you recently watched it as well i have to ask you lan. T mormu it is facing some backlash. That. S about the controversy started before it started streaming here in the states and in europe last weekend. Last year, its lead star came under fire after tweeting out in support of a crackdown on antichina protesters. Now this latest round of criticism has to deal with where the film decided to film it seems, which was in xinjiang, china, where the government has detained as much as one million ethnic uighurs. Also, a lot of viewers actually noticed disney thanked local officials for a long them to film in this location. So the fact that the hashtags boycottmulan started trending, is not good news for the movie. Movieis a massive industry and is on track to being one of the biggest ones in the world, so disney needs the support of the viewers there. So we really need to Pay Attention to what these Box Office Results are going to look like after this weekend. For disneys part, the chief Financial Officer did address the controversy last night at an event and she said the decision to film in xinjiang was to showcase some of the unique landscapes of the region, but i dont think that is going to do enough to get the viewers out. Annmarie i saw the comments from christine mccarthy, she did also say it has generated a lot of issues for us. Thank you for joining us, jennifer zabassaja, our bloomberg clicke quicktake reporter in new york. Now lets get more of your first word news around the world with laura wright. Good morning. Lara europe has overtaken the u. S. In terms of new coronavirus infections. The e. U. , norway, iceland and it distance and liechtenstein reported more than 27,000 cases thursday. Compared to less than 26,000 in the u. S. The region has emerged as the latest hotspot after bringing the pandemic under control earlier in the year, with surges resurgence in countries including spain and france. The odds of another round of u. S. Fiscal stimulus have been dropped. Senators blocked another republican proposal to slim down support in the region of 500 billion to 700 billion. Democrats are looking for 2. 2 trillion. Minority leader Chuck Schumer told reporters he hoped the result would prompt gop lawmakers to come to the negotiating table. Rio tintos ceo is stepping down amid concerns over the destruction of australian Aboriginal Heritage sites. He came under investor pressure to step up its response to explosions that opened up a at theseea at 46,000yearold sites, which archaeologists say are among the most significant of their type in the country. He will remain in his role until march of next year unless a successor is appointed before then. That will give the company room to now do what is the most important course that they should take, and that is to find the right person to rebuild the internal culture of the company so that the company does not destroy important aboriginal sacred sites and owners andtional australians in general with the contempt that Jean Sebastien acwues and others have. Jp morgan is requiring most of its sales and senior employees to return to the office soon. It would apply to managing directors and executive directors who oversee subordinates. But those with childcare and Health Care Issues are exempt. Global news, 24 hours a day, on air and quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Annemarie . Annmarie thank you. You can bet the worlds richest soccer competition can afford the cost of the pandemic. This is bloomberg. Annmarie this is bloomberg daybreak europe. I am Annmarie Hordern in london. For football fans in europe or soccer fans, for me, this weekends main event will be the premier League Season kickoff. The worlds richest soccer competition opens clouded by the worst financial uncertainty of its 28year history. Joining us now is minal modha, Consumer Research lead at ampere analysis, been formally Inhouse Consultant at the premier league. Thank you for joining us this morning. Bottom lines are deteriorating were deteriorating due to overspending even before the pandemic. How do these teams make money with fans stuck at home . Minal thanks for having me on. What you have to understand about the premier league is that the broadcast rights are very much the bread and butter for them. In,ong as those are coming attendance doesnt bring as much as you would think. But as long the sponsorship and the broadcast revenue is still coming in, they are still making a substantial amount of money . Annmarie so that is still coming in, but do you think at some point they will start charging more for these rights, because there are actually now more games being shown on television. Minal in an unprecedented move, the premier league removed in the uk in september. That means all 28 matches will amazon,on either sky, and the bbc has matches as well. So you definitely got more matches on tv. At the moment, i dont think they will be negotiating any more money in the middle of the contract, but if the premier league do decide that the 3 00 p. M. Blackout window will not happen anymore, there is no reason why they cant look to charge the domestic broadcasters more when the next cycle comes through . Annmarie i am interested about the amazon games. What is behind the idea of bringing it to amazon and avenue . Eaming minal amazon already has one of the packages. They show the matches around christmas. It was a real success last year, praised by critics, fans, everybody loved it. One of the reasons they are amazon is because there are so many matches in the schedule that it wouldnt be possible to debut them up a must just to divvy them up with just the bbc. The uk has been behind the awol for as long as i can remember behind a pay wall for as long as i can remember. But amazon gives you a much lower price point for entry. Bbc is free. So it gives him the opportunity to expand and increase your Audience Reach which has knock on effects. A bigger audience means more the clubs can go to sponsors and say we have a bigger audience, you should sponsor us . Annmarie that was going to be my question, how does this change the sponsorship and the ad revenue strategy for the team. Minal i dont think it will , i think itange it will bolster it for domestic sponsorship deals. The premier league is global. Brandsf clubs have which are global brands, not necessarily looking to target the u. K. And a thick it would be a huge driver to creating further sponsorship i dont think it will be a huge driver to creating further sponsorship revenue . Annmarie you have some interesting thoughts about what is going on in china. It has been a big Growth Market for the premier league. What is it like now . Minal so, the premier league in china, they have always been synonymous with each other. It has got a huge fan base out there. We have had premier league clubs like man united and talk to tottenham go and play there. It has been a key market for them. At the moment the premium it will be working hard to try and find another broadcaster to show matches within that region. When we think about the global cumulative audience of the premier league, china does bring a huge amount to the plate with that. Again, that has knock on effects for broadcast revenues that the clouds will be getting, but also sponsorship as well, because you are getting a huge chunk of that audience o away every single season, sponsors will look at that and say, our revenue has dropped, therefor we will not be paying you very much . Annmarie how does the premier league walk that fine line . Minal i think the premier league will try and stay out of the politics as much as a symbol. Is difficult because you cannot deny that maybe some of the politics has played a part in this. About a month ago, cctv, a state owned channel in china, they took some of the matches off their main sports general and put them on the lesserviewed sports channel. Contractination of the with cctv, there will be some play, butlitics at the premier league will try as much as possible to stay out of that and look at this from a purely Commercial Point of view . Annmarie minal modha, thank you so much for joining us, Consumer Research lead at ampere analysis. I know you are an arsenal fan like our producer. I am told they are playing for fulham this weekend. I will not wish you luck just yet, but enjoy the weekend and the kickoff to the premier league. Thank you for joining us. Coming up, stocks are set for their second weekly loss. Was it a correction or a fullon mousedown . We discuss that a fullon meltdown. We discuss that next. And on the anniversary to the worst terrorist attacks on u. S. Oil, we talk to the ceo of kbw the company lost more than a quarter of its employees in the attacks in 2001. You are looking at live pictures of manhattan as the city wakes up. We will bring you live coverage of 9 11 memorial events throughout the day. Stay with us. This is bloomberg. Annmarie good morning. This is bloomberg daybreak europe. I am Annmarie Hordern in london. Stocks are getting ready for a second week of losses. Technology shares led the losses again in the nasdaqs worst week since the march bottom. Dani burger is here to do just this for us. What has made the markets so vulnerable at this moment that we are starting to see such swings . Pretty much all of august is getting wiped out. Dani part of it is because we had this rise in technology. Theaps really what was cocktail here the lethal cocktail was the markets and you add all the options volumes we started to see in the u. S. , notably call volumes in technology. At least that is what jp morgan strategists point out, it is unlikely it is one large whale in the market, referring to the news that softbank has been buying these call options. Instead they say it is probably some of the larger players in tandem with each other, as well as the retail space, and you get a sense of the fact of what is called the gamma squeeze. People buying call options, and dealers in order to protect themselves from price swings in the option prices, need to go by the underlying stocks. All these things together, when you have not much trading at the tail end to the summer, that really helps to fuel the selloff that we have been seeing . Annmarie has enough of the market froth been wiped out or could we see further losses . Also, i love everyone is obsessed with this idea of froth, i think it is the you by four and word everyone uses as well. Ani can you say the prices that tesla got two were anything but market froth . There is a lot of disagreement on that. In tesla, we havent seen private best we have seen prices come down. But call options have notably vanished in tesla. A lot of the open interest in stocks like apple. Those conditions seem a little bit that are. Some of the high valuations, obviously after the valuations look better. Goldman sachs say their shortterm buyers of equities over the next three months. Lets not forget a lot of risk, like the election and coronavirus still present in the market . Annmarie j. P. Morgan saying yesterday it is not an election day, it is an election week, or potentially weeks. Thank you, dani burger. Lets get a quick check on the markets. U. S. Equity futures are pointing to a higher start, especially nasdaq 500, europe with a bit of divergence, a little bit softer. Eurodollar trading below 1. 19. And a and matt will take it away in terms of the European Market open. That is up next. That is it for bloomberg daybreak europe. As we head to break, in my shot of new york city. 11th aeptember the live shot of new york city. Today is september the 11th. We will be marking the anniversary. Stay with us. Look here, its your very own allinone Entertainment Experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Anna good morning. Welcome to Bloomberg Markets european open. I am anna edwards alongside matt miller in berlin. Matt today, the markets say hold steady. European futures point lower, as global stocks head for a second week of losses. Here are your top headlines from the bloomberg terminal. Tech tumbles again. Heavyweights in the u. S. Cant hold onto a