Just one thought on the s p and evaluation. Bp cut the dividend yesterday. Now, biggest obstacle to the s p 500, this is one a reporters row yesterday. Wrote yesterday. They are cutting dividends by the most since 2009. I was going to say does that matter. Obviously the market, the index does not seem to be bothered. That, myl of risk is allocation in the United States of america . From the original perspective, but in terms of the shareholder payout, it is for sure all over the world you are going to have buybacks. Japan, it is more of a dividends haven. The fact we have 5 combined yield in the u. S. , 3 buybacks, this is cut by half this year, you are still going to be better off and having some real yield in your portfolio. The yield environment is still raging. To not beo make sure penalized by the slow Interest Rate environment. Great to have you on the show. Lets get the first word news. Massive explosion rocked the city of beirut. The video we are about to show his intent. The b
Consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . One of my friends invested in uber a number of years ago. It was at a 3 billion market value. I said he was going to lose all of his money, no ridehailing company can be worth 3 billion. In fact, it turned out to be worth staggering sums of money and now it is publicly trading. I had the same reaction when i heard of didi, an uberlike company in china. I did not think it would catch on but i was wrong again. Today it is the single largest ridehailing company in the world. The person running the company is a young woman from china who rose up because of her hard work and intellect and now she is the president of didi. It is an incredible success story. She is one of the best known Women Business leaders in china, an extremely intelligent person who is clearly going to make the
Here its a similar story in the u. S. , our high after going to the past 10 00, but within the s p, you still have the down names doing the best. Is the second best, it remains to be seen if there is any sort of substantial rally or just a rally within a bear market. You can see that reflected in other asset classes, 25 billion worth of supply coming online in just about two hours. Of the threeyear, it is doing continues to roll over today after yesterday. At the bestlding on performing within the s p as well. We will see as we head into the next few hours if we are able to hold on. Guy absolutely. The correlation between what were seeing around the market performance, people are certainly nervous about that relationship. U. K. , Boris Johnsons government is facing a serious challenge at the worst possible time in the virus outbreak. The Prime Minister hospitalized and the foreign minister under pressure to Solta Medical equipment shortages which are making headlines on a daily basis.
Welcome to the program, this is bloomberg daybreak europe. Lets get straight into the earnings season, a lot of earnings to get through. Deutsches telecom targeting 4 adjusted 2018, with ebitda. Fourthquarter revenue is in line with the estimate of 19. 2 billion. Were getting confirmation of the topline growth story and also new targets. The new target one of the focuses for the market going into these numbers. This is a business that has struggled to do a megadeal over in the United States. Handsanted to get their on the tmobile assets and that did not work out so they are focusing on europe. Will regulators let them meet their expectations in europe . Theyre looking to germany, and poland and the netherlands, hoping for growth there. An update on their debit in expected, that some of the earnings stories were watching out for this morning. Lets get to the risk radar and show you where we then overnight on the asian equities session. Playing catchup for the chinese market, standout pe
Johnson joining us from our european headquarters. Headline number for me unchanged. Guy they will keep the they purchase facility are saying they do not have enough information to make a decision at this stage. Maybe at the beginning of august we may see a rate cut. Sterling has picked up on the back of that, no rise to see what is happening. We will have to wait a few more weeks before we get that decision. Everybody waiting to see what will happen. I do not know a reflection of whether they believe a rate cut will have zero impact on the u. K. Economy, or want to see the effect of the brexit referendum story will have. It a stronger pound, kneejerk reaction in the fx market, yields higher off the back of the 10 year gilt yields around 0. 7 . Is this to do with a lack of data . All we have is a confidence survey. A bit of data but not much. Sentiment about consumer there are not much indications that some businesses are delaying investment and hiring, some signs pretty brexit vote st