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London and various european capitals on whether or not Boris Johnsons deal will fly. The lira trading lower by around a percent today. I suspect that has to do more with Interest Rates than what is potentially happening in syria. Vonnie hsbc looking to cut 10,000 jobs, dropping its french Retail Business entirely. The interim ceo looking to potentially take the reins on a permanent basis. Banks begin reporting next week. We are with mike mayo, wells fargo managing director and head of u. S. Largecap research. Not a huge amount, but still, 10,000 jobs is very substantial. Does hsbc need to rethink its strategy and potentially become a china vanke once more . Mike i think all banks globally need to rethink their strategies. A response to slow revenue growth, what do you need to do to control the bottom line . Control expe ....
To hold discussions until the u. S. Withdraws what it calls a hostile policy. The Trump Administration said the talks were good. Two americans at a british scientist won the nobel prize for physiology or medicine for cellsering how the bodys react to oxygen levels. The work has paved the way to fight anemia, cancer, and other disease. A doctor from harvard is one of the american winners. What we discovered was a molecular pathway or circuit that all multicellular organisms news. Tissues toells and know whether they are getting enough oxygen and to respond accordingly. Mark the announcement kicked out off the nobel prizes that will be awarded on november 10. Global news 24 hours a day, online and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Mim Mark Crumpton. Im vonnie quinn. Welcome to bloomberg markets. From world, here ....
We havent seen the Biggest Development as mexico on trade yet. Nevertheless, the mexican peso weaker and above 19. Lets see where we stand before the close. Its been a positive day in europe, right now moderating those gains. 1 10toxx 600 up just of 1 . Bonds are selling off, and yields are higher. The french 10 year yield a measly five basis points. Turkish lira one to keep an eye on. Geopolitical tensions there as well with the delivery of missiles. We will be talking about turkey and lots more throughout the next two hours. Lets get straight to that breaking news, the resignation of labor secretary alex acosta. The president is speaking with alex acosta right now. We will get to those comments in just a few moments. Bloombergs and adjutant joins us from washington, d. C. Bloombergs Anna Edgerton joins us from washington, d. C. Anna it really looks like it just got to a ....
On Economic Optimism around tax reform. This is an appropriate week for that last one. Basically inline, isn manufacturing index, month of november. Major averages, not much of an influence. We are looking at a small decline. In recordt putting highs. We have had several record highs in a row for the dow, but this is the first down day in six for the dow, at least right now. The tech heavy nasdaq down nearly half a percent. This week has been about a lot of volatility. As you look at the fiveday chart of the nasdaq 100, monday and tuesday flat, and a big on wednesday, a tech selloff. A bit of a rebound yesterday. Now, we are looking at a drop again. The nasdaq down about 1 . The dow one pays for its best week of the year. A do in terms of volatility. About 15, closer to 16. The s p 500 vix closer to 11. Interesting to see how all of this plays out. Volatility tends to breed volatility. There may be more intraday and closing day ....
Have a look at where european equities are trading 30 minutes away from the finish of the friday session. What a week it has been. A next session for european socks stocks, slightly down this week. Retail the best performing sector after the benchmark stoxx 600 fell 2. 2 in november, the worst month since june. Currencies, sovereign bonds are your final columns. Global stocks have risen for 13 straight months. Love this chart. The green bars are the monthly increases we have seen for the country world index, the biggest winning streak since the index was formed in 1988. Should it rise in december, it would be the first time in its three decade history it gets through an entire year without a monthly decline. This year, the country world index up by 20 , the best year since 2013 and it closed at a record high on thursday. Japan,on improving, in speeding up in october but price rises from this chart still well below the boj 2 target. Tightening labor market. Core cpi, which excludes fres ....