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Jakarta just coming online. Interesting when it comes to the hang seng, we are close to those session highs for the hang seng. Cathay pacific certainly one to watch. Spike onned that brief this governmentbacked rescue plan. We come back to earth a little bit. Still seeing shares elevated a little bit. Chinese stocks slightly lower. We missed on the Inflation Numbers. Small caps in china close to 20 higher from those lows we saw. India futures also pointing positive. We are watching the dollar as well. Down for nine of the last 10 sessions. A little bit of exception with the yen, 107. 79. The hong kong dollar still on the stronger side but kyle bass doubling down on his bet against the peg. We will see what kind of demand there is. Offshore renminbi pretty much unchanged right now. Haslinda lets stay with china. Factory prices continue to fall in may. The country continues to deal with the fallout of the coronavirus pandemic. Le ....
The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financ ....
From wall street. Turning season kicks off with the biggest banks in the spotlight. Numbers we saw this morning in fixed income are staggering. Top executives from health spot keyDrug Companies issues facing their industry. Clicking bio similars are an important part. Technology is an enabler of innovation, accelerator of innovation. We are trying to bring down outofpocket costs for consumers. Even at us equities climbed to alltime highs, howard marks thinks it is not a great moment to be in the market. The odds are not in my opinion in the investors favor. It is all straight ahead on bloomberg best. Hello and welcome. Kind juliette saly. , your bloomberg best weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top head ....
Almost five years of negative rates behind. The governor joins us after the decision. And donald is impeached in the house for abuse of power and obstruction of congress, but u. S. Markets shrugged off the political drama. We are just under an hour away from the start of cash equity trading here in europe. Its taken look at where we are now on the futures picture. We are almost unchanged on futures markets right now. Yes, we have had big drama in washington with regards to impeachment, certainly in the house. The drama will move in the new year into the senate. The markets have been pretty unmoved by that of elements so far, and by that development so far, and the u. K. Equity market is trying to get through some of the slower trading days at the end of the year. We have seen flat expectations for the start of the european day. Thats move to the u. S. Picture. Once again, flat expectations. Yes, we had a lot of high drama, but the markets are managing to lift through this. Lets have a ....
We speak with the vp of augmented and virtual reality. And rapid climate adaptation. Billionaire bill gates wants to help invest nearly 2 trillion over the next decade to help the world become more resilient. His thoughts on and potential solutions for Climate Change. Wework, it was the roadshow that was not this week. One of the most anticipated debuts of the year is now postponed until october. The shared Office Space Provider is looking for time to calm investor doubts about its dropping valuation, governance problems, and financials. Remember that, at this was one point, supposed to be a 47 billion company. That number is now 15 billion and could be perhaps even smaller. Joining me to discuss this all was phil hazlett, cofounder and chief revenue officer at equity is zen, a marketplace for preipo shares. And bloombergs crystals the. They have a lot to address befor ....