21
21
Oct 13, 2021
10/21
by
BLOOMBERG
tv
eye 21
favorite 0
quote 0
or europe. it looks really strong to us. we think that is something that is perhaps not being talked about in the market at the moment. understandably. there's the supply chain issues and things going on around china. those are the things that people are fretting about as well as inflation. underlying the positive use, really strong story from. it's different from what we saw in the last recovery. anna: thanks very much. stay with us. gareth witcomb. he stays with us on this program. let's get a first word news update from juliette saly. juliette: the warning from the international energy agency. they say that investment in green energy like solar and wind is lacking what's needed to meet climate targets. fossil fuel spending is also insufficient to meet current growth in demand. the house has approved a short-term increase to the u.s. government debt limit, sending the legislation to president biden days before the treasury was set to run out of borrowing authority. it delays another partisan confrontation for less than two
or europe. it looks really strong to us. we think that is something that is perhaps not being talked about in the market at the moment. understandably. there's the supply chain issues and things going on around china. those are the things that people are fretting about as well as inflation. underlying the positive use, really strong story from. it's different from what we saw in the last recovery. anna: thanks very much. stay with us. gareth witcomb. he stays with us on this program. let's get...
5
5.0
Oct 27, 2021
10/21
by
BLOOMBERG
tv
eye 5
favorite 0
quote 0
however, i would suggest that europe and the u.s. are still in two very different positions from this point of view. the recovery started earlier in the u.s. the fiscal stimulus was higher than in europe, which means the output gap in the u.s. is probably close to 0 right now, so that the fed talks about removing qe entirely, find that some members talk about hiking rates, fine, but we are not there in europe. and the risk is that the market tries to create a bucket where every single central bank would find themselves. it is true that inflation is rising everywhere, albeit to a lesser degree in europe, but you can feel the pressure. if someone moves or talks about hiking a rate somewhere, it is creating mood music everywhere. europe is not in a situation where we need to think about that right now. jonathan: we still have central bank like new zealand, like the bank of england. gilles, you are right to point out the ecb. the opportunity to push back is the december meeting. president lagarde called it an important one. permission to
however, i would suggest that europe and the u.s. are still in two very different positions from this point of view. the recovery started earlier in the u.s. the fiscal stimulus was higher than in europe, which means the output gap in the u.s. is probably close to 0 right now, so that the fed talks about removing qe entirely, find that some members talk about hiking rates, fine, but we are not there in europe. and the risk is that the market tries to create a bucket where every single central...
14
14
Oct 22, 2021
10/21
by
BLOOMBERG
tv
eye 14
favorite 0
quote 0
europe less than one point in terms of the s&p 500. the nasdaq we are -- we talked a lot about this the last hour -- a 23% drop. how much of this is supply chain issues? we are all caught off. you mentioned inflation. maybe i will punt back to you on this -- our yields are coming down but we are still the highest since february of 2020. guy: it feels very similar here as well. the narrative in the u.s. and they u.k. feels very equal. energy is probably one of the main differences. inflation has risen to the highest level in 25 years. we had an interview in the financial times with the new chief economist over at the bank of england. he is talking about inflation. he is talking about november being a life meeting but he is not talking about a particularly aggressive rate. lizzie joins us now. the acceleration in this narrative has been dizzying. where do we go next? the new chief economist is talking about 5% inflation. the market is not even there yet but it is getting there pretty quickly. >> he warns that inflation could reach 5% thi
europe less than one point in terms of the s&p 500. the nasdaq we are -- we talked a lot about this the last hour -- a 23% drop. how much of this is supply chain issues? we are all caught off. you mentioned inflation. maybe i will punt back to you on this -- our yields are coming down but we are still the highest since february of 2020. guy: it feels very similar here as well. the narrative in the u.s. and they u.k. feels very equal. energy is probably one of the main differences. inflation...
4
4.0
Oct 20, 2021
10/21
by
BLOOMBERG
tv
eye 4
favorite 0
quote 0
what do you need to know out of europe this hour? u.k. inflation staying above 3% and now expected to climb to 4% or higher. we will discuss that in a moment. jens weidmann quitting the bundesbank. the surprise move for personal reasons comes after he was passed over for president. angela merkel saying within the last few minutes that it will be up to her successor to pick his were placement. covid cases continue to climb across europe. the u.k. secretary will hold a conference, expect it to urge the elderly to get boosters. his government is still ruling out lockdowns for now. let's talk about where we are with the market. equity markets bid in europe, up 0.2%. we are just continuing to push higher. the stoxx 600 got up into the mid-for 70's not long ago. crude is negative, but very much off the floor that inventoried that we broken the last half-hour, certainly pushing crude prices back up again. brent crude, $85 on the nose. alix: in the u.s., we are seeing a sixth straight day of gains for the s&p. haven't seen that since about mid ju
what do you need to know out of europe this hour? u.k. inflation staying above 3% and now expected to climb to 4% or higher. we will discuss that in a moment. jens weidmann quitting the bundesbank. the surprise move for personal reasons comes after he was passed over for president. angela merkel saying within the last few minutes that it will be up to her successor to pick his were placement. covid cases continue to climb across europe. the u.k. secretary will hold a conference, expect it to...
6
6.0
Oct 17, 2021
10/21
by
BLOOMBERG
tv
eye 6
favorite 0
quote 0
david: so you grew up in various places in europe, the united states. and then you went to college at smith. phebe: yeah. david: so did you study aerospace defense at smith? phebe: [laughs] no. david: so what did you study? phebe: i was a government major and a philosophy minor. and i got a superb liberal arts background and education. so i learned to write and think in college. those are two critical values. david: most people that graduate from smith probably do not wind up in the cia, would be my guess. phebe: most, yeah. i suppose. david: so when you were interviewing for jobs at the end of your college career, did you tell people, i want to be in the cia? or how did you happen to get in the cia? phebe: well, i had a sense of service to my nation, and it seemed a good place for me. so much in life, as you and i have talked about before, is finding place. and it was -- the agency was opening its doors to women, so it was a good opportunity for me. and i really enjoyed the service that i was able to provide. david: how long were you in the cia? phebe:
david: so you grew up in various places in europe, the united states. and then you went to college at smith. phebe: yeah. david: so did you study aerospace defense at smith? phebe: [laughs] no. david: so what did you study? phebe: i was a government major and a philosophy minor. and i got a superb liberal arts background and education. so i learned to write and think in college. those are two critical values. david: most people that graduate from smith probably do not wind up in the cia, would...
14
14
Oct 19, 2021
10/21
by
BLOOMBERG
tv
eye 14
favorite 0
quote 0
europe having to play a little bit of catch-up. we got the s&p 500 outperforming, nasdaq outperforming, then eventually having asia outperform, as well. tom: delivery hero is one company gaining. it is investing in a german grocery delivery company. that sector has been pushed higher by the pandemic demand for groceries in those deliveries. erickson did beat estimates. the warning in of the supply chain going forward, a potential drag on sales. wise is another company in focus coming out with their second earnings report since their direct listing in july. currently down. credit suisse warning investors may be surprised to the downside on this -- price cut. dani: price cuts definitely bucking the trend for companies hoping to increase their margin at a time when prices were high. u.k. prime minister boris johnson says the city of london will prosper outside of the eu, noting job losses and disruptions have been lower than feared since brexit. he told bloomberg's editor-in-chief john micklethwait that far fewer bankers have been mov
europe having to play a little bit of catch-up. we got the s&p 500 outperforming, nasdaq outperforming, then eventually having asia outperform, as well. tom: delivery hero is one company gaining. it is investing in a german grocery delivery company. that sector has been pushed higher by the pandemic demand for groceries in those deliveries. erickson did beat estimates. the warning in of the supply chain going forward, a potential drag on sales. wise is another company in focus coming out...
12
12
Oct 4, 2021
10/21
by
BLOOMBERG
tv
eye 12
favorite 0
quote 0
. ♪ dani: it is bloomberg daybreak: europe." i am dani burger in london, alongside manus cranny in dubai. evergrande halted trading amid reports that the developer agreed to sell a controlling stake in the unit to raise much-needed cash. a lot of headlines coming fast and thick. keeping on track with them is stephen engle. lots of reports here of the key evergrande asset sale. what is the latest we know over the sale. stephen: this is what the chinese government would like to see being the unwinding of evergrande, with a key asset sale. they would like to sell the vehicle unit, no sale. they have tried to sell their tower in hong kong, no sale. they did sell a bank recently to the shenyang government to pay back debts to that lender. the government coming in slightly there, a local government. but this time, this is a key asset. evergrande property services is the property management arm. it is after the big taking of 80% of the evergrande shares. it is the most valuable asset in the evergrande portfolio. it is a listed company
. ♪ dani: it is bloomberg daybreak: europe." i am dani burger in london, alongside manus cranny in dubai. evergrande halted trading amid reports that the developer agreed to sell a controlling stake in the unit to raise much-needed cash. a lot of headlines coming fast and thick. keeping on track with them is stephen engle. lots of reports here of the key evergrande asset sale. what is the latest we know over the sale. stephen: this is what the chinese government would like to see being...
20
20
Oct 8, 2021
10/21
by
BLOOMBERG
tv
eye 20
favorite 0
quote 0
in europe. also, technology is mostly in europe and the u.s.. jonathan: if we get anywhere close to zero, this is what is going to happen. they will call you at about 8:35 eastern time to pick up the phone. if we get nowhere near it, we don't talk to you again. tom: jon. we are calling it 8:31:30. lisa: people still talk to you if it is not zero. someone has got to be. jonathan: thomas, thank you, sir. tom: pray conversation. jonathan: looking for zero, tom. tom: i did what are the stupid fools one-time. -- pools. i have never done it since. jonathan: why did we stop doing that? tom: it's stupid. lisa: he got crossed every time. -- crushed every time. tom: 200,000. 400,000 divided by 150 million. i'm doing math or radio. jonathan: i'm going to help you now. lisa: there is a debate underpinning this company pitches a patient rate. -- underpinning this, the differential between the bearish view and thomas's more bullish view has to do on the tightness of the labor market. i find that fascinating. jonathan: the unknown. equity futures this morning
in europe. also, technology is mostly in europe and the u.s.. jonathan: if we get anywhere close to zero, this is what is going to happen. they will call you at about 8:35 eastern time to pick up the phone. if we get nowhere near it, we don't talk to you again. tom: jon. we are calling it 8:31:30. lisa: people still talk to you if it is not zero. someone has got to be. jonathan: thomas, thank you, sir. tom: pray conversation. jonathan: looking for zero, tom. tom: i did what are the stupid fools...
21
21
Oct 6, 2021
10/21
by
BLOOMBERG
tv
eye 21
favorite 0
quote 0
looks a much better place than europe does. europe is going to rely, it looks like come on vladimir putin. the u.s. doesn't have to make that decision. alix: no, but look what happened in texas in february with the deep freeze. we had natural gas, we had wind, and look at what happened? we are still feeling the repercussions are that. so we are not totally immune either. guy: texas feels like an idiosyncratic story. texas is a big place, but nevertheless, it is isolated. alix: but look at california. they have a lot of alternative energy, but i still have to import natural gas because of their environmental standards. yes, it is idiosyncratic, but it is going to be messy. the energy transition is going to be messy and expensive. we are definitely learning that. guy: absolutely. and if you are interested in a 40 foot container box coming out of shanghai to los angeles, $12,172 is the amount. alix: we are burgeoning like diane i didn't how are you look at these indicators before this all went down. coming up, dream big. that's th
looks a much better place than europe does. europe is going to rely, it looks like come on vladimir putin. the u.s. doesn't have to make that decision. alix: no, but look what happened in texas in february with the deep freeze. we had natural gas, we had wind, and look at what happened? we are still feeling the repercussions are that. so we are not totally immune either. guy: texas feels like an idiosyncratic story. texas is a big place, but nevertheless, it is isolated. alix: but look at...
5
5.0
Oct 26, 2021
10/21
by
BLOOMBERG
tv
eye 5
favorite 0
quote 0
and europe. investigators seized more than 31.6 million dollars in cash and virtual currency as well as 45 guns. risks related to covid-19 and the economic havoc it has wreaked across the world are keeping corporate execut
and europe. investigators seized more than 31.6 million dollars in cash and virtual currency as well as 45 guns. risks related to covid-19 and the economic havoc it has wreaked across the world are keeping corporate execut
21
21
Oct 4, 2021
10/21
by
BLOOMBERG
tv
eye 21
favorite 0
quote 0
sonali: i'm glad you brought up that point about europe paying more. where does that leave the u.s.? especially on something like gas, where you see there is more production. but perhaps less in terms of what people are willing to pay on the demand side. fiona: the u.s. is pumping out natural gas like it never has before. a lot of that additional gas is actually leaving the country as lng. and natural gas prices, the index up a bit over 100% year to date. that compares to prices here in the u.k. which are up 300%. it is still a big increase. but i expect as we come into the winter and the heating season, and with stockpiles where they are, we could see increased pressure on the u.s. natural gas pressure -- price. caroline: having to have the country send the army in to petrol stations, that was a logistical nightmare because there are not truck drivers -- not enough truck drivers. is that something unique to the u.k.? how are things delivered everywhere and how will we see the infrastructure being improved to support that? fiona: it has been a logistic
sonali: i'm glad you brought up that point about europe paying more. where does that leave the u.s.? especially on something like gas, where you see there is more production. but perhaps less in terms of what people are willing to pay on the demand side. fiona: the u.s. is pumping out natural gas like it never has before. a lot of that additional gas is actually leaving the country as lng. and natural gas prices, the index up a bit over 100% year to date. that compares to prices here in the...
15
15
Oct 11, 2021
10/21
by
BLOOMBERG
tv
eye 15
favorite 0
quote 0
natural gas the story in europe. asia stockpiles low as we head into the northern hemisphere and winter prompting a switch to diesel and kerosene. joining me is dan. the sustainability of the price hike is what we are trying to understand. this is a tight market for a variety of reasons. will the tightness indoor -- en dure? dan: i think it will, with the one caveat that opec is still restricting supply quite a bit compared to what they were producing before the pandemic. they have the ability to open up the taps a little more if they wanted to and ease the tightness but there's no indication they want to. many of these countries have been dealing with low prices for a year and a half and i don't think they are in a huge rush to flood the market with supply. i don't think there is a ton of upside to them doing so. there is already 500,000 barrels per day of extra oil demand from power stations switching from natural gas -- switching to natural gas from diesel. but is not like they can solve the energy crisis in a yea
natural gas the story in europe. asia stockpiles low as we head into the northern hemisphere and winter prompting a switch to diesel and kerosene. joining me is dan. the sustainability of the price hike is what we are trying to understand. this is a tight market for a variety of reasons. will the tightness indoor -- en dure? dan: i think it will, with the one caveat that opec is still restricting supply quite a bit compared to what they were producing before the pandemic. they have the ability...
12
12
Oct 6, 2021
10/21
by
BLOOMBERG
tv
eye 12
favorite 0
quote 0
for europe, these prices are a big deal. tom: $200 a barrel, i enter blake that to $8.42 -- i interrelate that to $8.48 a gallon. what is the political ramification you read about in the zeitgeist of higher oil prices? lisa: it only makes negotiations in washington that much more tenuous when they are trying to figure out how to position for the midterm elections. the democrats are going to be in the hot seat if you have oil prices climbing above $100 a barrel heading into the midterm elections. you have to wonder what they are going to get done, even now. i wonder how much stems from the policy uncertainty and the feeling that nothing will get done, and we are going to bump up against the debt ceiling debate and the limit there. tom: anthony emails and. he says he loves how my bowtie looks on radio. this is the red sox baseball diamond tie. jonathan: that's where you want to go? you want to annoy everyone in new york? at least most people in new york. we have a mets fan with us this morning. lisa: thank you. jonathan: treas
for europe, these prices are a big deal. tom: $200 a barrel, i enter blake that to $8.42 -- i interrelate that to $8.48 a gallon. what is the political ramification you read about in the zeitgeist of higher oil prices? lisa: it only makes negotiations in washington that much more tenuous when they are trying to figure out how to position for the midterm elections. the democrats are going to be in the hot seat if you have oil prices climbing above $100 a barrel heading into the midterm...
11
11
Oct 13, 2021
10/21
by
BLOOMBERG
tv
eye 11
favorite 0
quote 0
putin talking about gas in europe. what is important to me is the asymmetry of the united states with jp morgan and what we are seeing in europe over any number of things, including energy. the distinctions to get to these banks between ecb and fed at the meetings here in washington has never been wider. jonathan: jp morgan and the premarket positive 0.6%, rallying into the numbers and doing ok coming out of them, up 0.6%. tom: i want to point out carmen reinhart, you just heard from, is a little bit front and center here in washington at these meetings. she has taken an elevated responsibility at the world bank because the two word phrase here is data integrity. the uproar at the world bank, they need data integrity, and the imf is trying to reaffirm data integrity. jonathan: those reports need some credibility. they've got to redo some of them. tom: they've got to rebuild it. there's no way better to do that. this time is different. you do it with carmen reinhart. for bank earnings, you bring in alison williams, bloo
putin talking about gas in europe. what is important to me is the asymmetry of the united states with jp morgan and what we are seeing in europe over any number of things, including energy. the distinctions to get to these banks between ecb and fed at the meetings here in washington has never been wider. jonathan: jp morgan and the premarket positive 0.6%, rallying into the numbers and doing ok coming out of them, up 0.6%. tom: i want to point out carmen reinhart, you just heard from, is a...
13
13
Oct 15, 2021
10/21
by
BLOOMBERG
tv
eye 13
favorite 0
quote 0
europe wants to engage china. there is a difference of view. we need to discuss that because this is clearly a strategy question. >> bloomberg has learned china is loosening restrictions on mortgages at some of its biggest banks, adding to signs of growing concern by authorities about contagion from the evergrande debt crisis. financial regulators told some banks last month to accelerate approval of mortgages. lenders will also commit to sell securities backed by residential mortgages. president biden says the number of unvaccinated americans are manes too high. he is calling on more businesses to impose mandates. speaking from the white house, biden said u.s. health officials will decide soon on pfizer and biontech vaccines for children aged five to 11. >> we are going to continue. the food and drug administration and the fda is reviewing data on moderna and johnson & johnson boosters. we expect a final decision from the fda and the centers for disease control and prevention, the cdc, in the next couple of weeks.
europe wants to engage china. there is a difference of view. we need to discuss that because this is clearly a strategy question. >> bloomberg has learned china is loosening restrictions on mortgages at some of its biggest banks, adding to signs of growing concern by authorities about contagion from the evergrande debt crisis. financial regulators told some banks last month to accelerate approval of mortgages. lenders will also commit to sell securities backed by residential mortgages....
8
8.0
Oct 20, 2021
10/21
by
BLOOMBERG
tv
eye 8
favorite 0
quote 0
coming up with losses of europe and the u.k. alexandra: yeah, that's a good question when we think, getting the bananas to get going. how terrible inflation might be. in the u.s. we have c.p.i. of 4%. that's nearly well of the trend that we have in europe where we only, so i think it's a very different trend unfolding in these two cases and we do see inflation in europe here on the search of the energy prices and obviously what everybody, not right now, is the education that might have been presented. i'll see you with changes and we expect now, for instance, that the tech myope -- before the end of next year. dani: you don't see them increasing rates before the end of next year, do they start to change their messaging, their own as the market prices into rate hikes, we get this transitory drumbeat for toll. do they have to maintain what they do? >> the messaging and right bag in doing two to come. clearly now it was subtle for normalizization around the world. it is going to take i'm. we also need you to different chat between
coming up with losses of europe and the u.k. alexandra: yeah, that's a good question when we think, getting the bananas to get going. how terrible inflation might be. in the u.s. we have c.p.i. of 4%. that's nearly well of the trend that we have in europe where we only, so i think it's a very different trend unfolding in these two cases and we do see inflation in europe here on the search of the energy prices and obviously what everybody, not right now, is the education that might have been...
13
13
Oct 16, 2021
10/21
by
BLOOMBERG
tv
eye 13
favorite 0
quote 0
we had a real sense of what the united states had done to save europe. david: your father was a serbian immigrant to the united states. phebe: my father's family suffered from totalitarian regimes on the fascist and communist sides and they were fortunate enough to escape during world war ii. it was their dream to come to the united states because you treasure democracy and market-based democracy and a key -- he is an avid patriot as is my mother and they imbued me with that same sense of patriotism. david: you grew up in various places in europe and united states and went to college at smith. did you study aerospace defense at smith? phebe: no. i was a government major and a philosophy minor. and i got a superb liberal arts background and education. i learned to write and to think in college. those are two critical values. david: most people that graduate from smith do not wind up in the cia would be my guess. phebe: most definitely. david: when you interview for jobs at the end of your college career, they do tell people i want to be in the cia or how
we had a real sense of what the united states had done to save europe. david: your father was a serbian immigrant to the united states. phebe: my father's family suffered from totalitarian regimes on the fascist and communist sides and they were fortunate enough to escape during world war ii. it was their dream to come to the united states because you treasure democracy and market-based democracy and a key -- he is an avid patriot as is my mother and they imbued me with that same sense of...
19
19
Oct 12, 2021
10/21
by
BLOOMBERG
tv
eye 19
favorite 0
quote 0
am a dutch bank -- a dutch bank pushes ahead, and we focus on europe. risk factoring about cutting 2800 jobs and planning on cutting about one third of its business. commodity financing. haidi: all right, let's take a look at samsung, one of the movers to the downside. a broad-based selling on the kospi ahead of the bank of korea, samsung dropping as much as 3.1%, the lowest since december 3, and we are off session lows, but when it comes to 2021 profit expectations, we are expecting samsung to be able to meet consensus profit expectations, but getting caught up in the korean kospi selloff, being dragged down by the foreign funds selling, and waiting for the bok. shery: yes, that monetary policy decision coming at any time. our next guest talks about them keeping rates on hold, and let's talk more about it with an economist at moody's analytics, katrina ell. if we are expecting a hold, what will be important for investors to watch in today's decision? katrina: the bank of korea will hold, it will be good to see commentary around the economic recovery re
am a dutch bank -- a dutch bank pushes ahead, and we focus on europe. risk factoring about cutting 2800 jobs and planning on cutting about one third of its business. commodity financing. haidi: all right, let's take a look at samsung, one of the movers to the downside. a broad-based selling on the kospi ahead of the bank of korea, samsung dropping as much as 3.1%, the lowest since december 3, and we are off session lows, but when it comes to 2021 profit expectations, we are expecting samsung to...
12
12
Oct 21, 2021
10/21
by
BLOOMBERG
tv
eye 12
favorite 0
quote 0
europe is really interesting and we have been underweight europe for a very long time because what europe needs, it is a very high leverage country. it means global growth. it is one rare period where we are having a big economic upswing. we are still growing above trend. we are still having this positive momentum and this benefits european countries test companies. that is a good story for us. francine: we are not growing at the rate we should grow if we had not have the pandemic. >> yes. francine: when does that happen? is it a strange scenario that we are living through? >> yes, i expect you are right. europe is living on borrowed time in a sense. this recovery spurred, money pumped into the system, that is beneficial to european stocks. better earnings outlooks, that is great, so we can kind of benefit from it. tom: does the more hawkish stance of the bank of england, does that change your view on assets in the u.k.? >> u.k., we have been underweight quite a while. it is about sector composition. it has too many sectors we don't like. it is the most offensive market in the world. it s
europe is really interesting and we have been underweight europe for a very long time because what europe needs, it is a very high leverage country. it means global growth. it is one rare period where we are having a big economic upswing. we are still growing above trend. we are still having this positive momentum and this benefits european countries test companies. that is a good story for us. francine: we are not growing at the rate we should grow if we had not have the pandemic. >>...
13
13
Oct 4, 2021
10/21
by
BLOOMBERG
tv
eye 13
favorite 0
quote 0
both europe and the u.s.. rishaad: singapore stock exchange seeing its index jumping the most since july. trouble rose have been relaxed. we are tracking the reopening the city state and across asia. tell us about it? sophie: the most active economy to reopen by the first and second quarter by next year. hawkish risk to central-bank policy in the region given upside pressure. turning to be here now, we do have the kiwi dollar under pressure as new zealand extends its lockdown for auckland we are seeing moves lower for the kiwi dollar. flipping the board, westpac is saying a prediction of a rate hike this week. expect a rapid recover late went they look it up. haslinda: thank you so much for that. before we got to break, let us see where markets are right now. asia under pressure despite strong gains for the u.s. on a friday. investors mulling over that opec-plus meeting. also concerns over inflation. there you have it. a mixed picture there. it's moving day. and while her friends are doing the heavy lifting, j
both europe and the u.s.. rishaad: singapore stock exchange seeing its index jumping the most since july. trouble rose have been relaxed. we are tracking the reopening the city state and across asia. tell us about it? sophie: the most active economy to reopen by the first and second quarter by next year. hawkish risk to central-bank policy in the region given upside pressure. turning to be here now, we do have the kiwi dollar under pressure as new zealand extends its lockdown for auckland we...
14
14
Oct 28, 2021
10/21
by
BLOOMBERG
tv
eye 14
favorite 0
quote 0
for europe. the real mover here is btp's and bunds. it is inverted, the 20-30. why? i have no idea. is it technical? is something going on with the 20 year? or is this portending something not so great within the economy? so keep your eye on that, francine. francine: we are also getting a little bit of data at this time of day because you can see at have an impact on lot of the yields. it goes back to inflation, the strength of the u.s. economy. because it is september, it is a little bit backward looking. however, they spawned 72 point sent -- 7.2% compared to the previous year. it is a little bit backward looking. we did see a bit of weakness for the month of august and september. u.s. mortgage rates also jumping to 3.1%. i know we will have a full breakdown with michael mckee. alix: this is usually when i say something like, yeah, i got my 30 year at 2.75%, and guy would make fun of me. we want to focus on d.c. president biden currently on capitol hill, speaking to house democrats, poised to a
for europe. the real mover here is btp's and bunds. it is inverted, the 20-30. why? i have no idea. is it technical? is something going on with the 20 year? or is this portending something not so great within the economy? so keep your eye on that, francine. francine: we are also getting a little bit of data at this time of day because you can see at have an impact on lot of the yields. it goes back to inflation, the strength of the u.s. economy. because it is september, it is a little bit...
26
26
Oct 11, 2021
10/21
by
BLOOMBERG
tv
eye 26
favorite 0
quote 0
or europe. and the advantages and this case of being swiss is you are not a flashpoint in terms of your nationality as a company. mission-critical technology has had a lot of research which differentiates you from your competitors. anna: what is the long-term structural trend you are investing in at the moment? eleanor: for us, that is going to be a continuation of focus on health care. and more personalization of health care. that means we are of the crowd that considers the diagnostics growth will be refined. we also look at the restrictions in the capacity for manufacturing pharmaceuticals. we think that is going to be continued strong growth for that sector. other sectors, we are interested in seeing how some of the challenges of trying to make the planet more green will play out in some companies. some companies have had a disappointing year. we still think there is a long-term positive trend for hydrogen. tom: eleanor taylor jolidon on some of the themes to be considered. she will stay wit
or europe. and the advantages and this case of being swiss is you are not a flashpoint in terms of your nationality as a company. mission-critical technology has had a lot of research which differentiates you from your competitors. anna: what is the long-term structural trend you are investing in at the moment? eleanor: for us, that is going to be a continuation of focus on health care. and more personalization of health care. that means we are of the crowd that considers the diagnostics growth...
28
28
Oct 12, 2021
10/21
by
BLOOMBERG
tv
eye 28
favorite 0
quote 0
as well, and you can do some trades in europe to add to the value tilt. overall, we don't think you should be tilted one way or the other in more of a barbell. everybody uses it, but the truth of the matter is this year, the market doesn't reward you for being overweight value or cyclicals. it really was a monthly or even quarterly story, and i think as we move into the second quarter of next year, those supply chain issues are going to lessen. commodity price spikes come down, and when that happens, you are going to see the flattening of the yield curve, and you are going to see increasing growth and a lowering of inflation. so you want to be prepared for that, but you have a short-term where inflation is moving higher as inflation expect haitians are moving higher. you have to get through it. we think by the second quarter, these supply issues will start to come down. again, commodity price spikes don't last. tom: if i wanted -- jonathan: if i wanted a call option on a better supply side story, what am i doing here? is it true industrials? where do i ge
as well, and you can do some trades in europe to add to the value tilt. overall, we don't think you should be tilted one way or the other in more of a barbell. everybody uses it, but the truth of the matter is this year, the market doesn't reward you for being overweight value or cyclicals. it really was a monthly or even quarterly story, and i think as we move into the second quarter of next year, those supply chain issues are going to lessen. commodity price spikes come down, and when that...
17
17
Oct 11, 2021
10/21
by
BLOOMBERG
tv
eye 17
favorite 0
quote 0
announcer: the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: monday the 11th, 30 minutes to the close. what do you need to know out of your? traders betting the bank of england will hike by the end of the year. over the weekend, highlighting their concerns over inflation. we will be joined by the ceo to talk about the partnership and returns scaled down. it falls out o
announcer: the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: monday the 11th, 30 minutes to the close. what do you need to know out of your? traders betting the bank of england will hike by the end of the year. over the weekend, highlighting their concerns over inflation. we will be joined by the ceo to talk about the partnership and returns scaled down. it falls out o
18
18
Oct 29, 2021
10/21
by
BLOOMBERG
tv
eye 18
favorite 0
quote 0
united states and europe. third step, come back to some public. otherwise, you render it killing growth. the best response to a crisis is more growth, sustainable growth for all the people. >> we are seeing the bills going through the roof. governments have announced how to ease on households. are you willing to work with russia? >> nuclear energy is one of the best solutions. you should want to be dependent on russia -- that's your choice. that's not my choice. investing more in renewable energy so we can have a mix which makes europe fully independent from the other countries. >> more french, less german at least on energy. >> yes. >> i hope the meeting goes well. thanks so much. tom? >> maria from the embassy of the republic of france in rome. the international relations piles on us, you wonder to weeks from now at the end of scotland what will be accomplished. >> i wonder, i am trying to, but hopefully it will be something that will be a little more concrete. i think was interesting the conversation about supply chain disruptions. what kind of
united states and europe. third step, come back to some public. otherwise, you render it killing growth. the best response to a crisis is more growth, sustainable growth for all the people. >> we are seeing the bills going through the roof. governments have announced how to ease on households. are you willing to work with russia? >> nuclear energy is one of the best solutions. you should want to be dependent on russia -- that's your choice. that's not my choice. investing more in...
24
24
Oct 28, 2021
10/21
by
BLOOMBERG
tv
eye 24
favorite 0
quote 0
stocks europe 600 is flat. joining us now is a member of our fx team. we are going to talk to that yield and yield flattening. demand on the long, selloff on the short end, is the bond market getting this right? >> they are reacting to what we are seeing. whether they are proven right is another story. we will probably not see that until much later when we get a full picture of inflation in the economy. i think that this curve is below, it does bring up past worries about the yield curve that we have seen before. less optimism in the economy, worries about long-term growth. what these rate hikes are going to do, longer-term even if shorter-term people are expecting them. inflation is more intent -- entrenched. markets are expecting policymakers to do something about that. francine: traders are now betting on basis points were rate hikes. it feels like a four-time away, but it is significant. >> it -- absolutely. the ecb is one of the more dovish central banks. they are very much emphasizing the prevailing purchase program. just a few weeks ago, we had s
stocks europe 600 is flat. joining us now is a member of our fx team. we are going to talk to that yield and yield flattening. demand on the long, selloff on the short end, is the bond market getting this right? >> they are reacting to what we are seeing. whether they are proven right is another story. we will probably not see that until much later when we get a full picture of inflation in the economy. i think that this curve is below, it does bring up past worries about the yield curve...
15
15
Oct 22, 2021
10/21
by
BLOOMBERG
tv
eye 15
favorite 0
quote 0
this is bloomberg. ♪ >> the countdown is on in europe. this is bloomberg markets: european close with guy johnson and alix steel. ♪ guy: friday the 22nd. bank of england's new chief economist warns that inflation could reach 5%. germany's case count climbs sharply. it today was the largest one-day jump in months. russia's surprise 75 base point height, sending the ruble higher. on the day though the stoxx 600 is up by 6/10 of 1%. we are watching what is happening in russia, an indication of
this is bloomberg. ♪ >> the countdown is on in europe. this is bloomberg markets: european close with guy johnson and alix steel. ♪ guy: friday the 22nd. bank of england's new chief economist warns that inflation could reach 5%. germany's case count climbs sharply. it today was the largest one-day jump in months. russia's surprise 75 base point height, sending the ruble higher. on the day though the stoxx 600 is up by 6/10 of 1%. we are watching what is happening in russia, an...
8
8.0
Oct 22, 2021
10/21
by
BLOOMBERG
tv
eye 8
favorite 0
quote 0
this is "bloomberg daybreak: europe." evergrande avoids default with a last-minute payment. you a-shares hit another record but the you for yuri it -- u.s. shares hit another record but the euphoria is not long. checking facebook, twitter and alphabet. the fed curbs trading by top officials after an embarrassing scandal. will powell's damage control be enough to clear the way through nomination. happy friday. you made it to the end of the week, and the inflation bet is on. a monster auction yesterday yesterday in the u.s. session. $19 billion up for sale in a record low yield. there is demand in the market to hedge, and protect yourself against inflation. all of that translates into inflation expectations as measured by rake evens that are at -- breakevens that are at the highest since this was offered again. these are a substantial ramp up. this is a conversation we have been having for months, but it is notable how the market keeps putting these on. what does that mean for risk assets? so far, not a lot. u.s. stocks yes
this is "bloomberg daybreak: europe." evergrande avoids default with a last-minute payment. you a-shares hit another record but the you for yuri it -- u.s. shares hit another record but the euphoria is not long. checking facebook, twitter and alphabet. the fed curbs trading by top officials after an embarrassing scandal. will powell's damage control be enough to clear the way through nomination. happy friday. you made it to the end of the week, and the inflation bet is on. a monster...
25
25
Oct 4, 2021
10/21
by
BLOOMBERG
tv
eye 25
favorite 0
quote 0
the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: monday the fourth. 30 minutes to the european close. what you need to know out of europe -- markets are down. let's talk politics. the u.k. chancellor says his government will not pursue reckless borrowing, but with the economy hit hard by shortages, is growth already starting? we will be live. the energy crisis dominating the energy financer -- energy ministers meeting. and also a warning that the airline industry will lose up to $200 million, wiping out nearly a decade's worth of profits. let's talk equities. gathering
the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: monday the fourth. 30 minutes to the european close. what you need to know out of europe -- markets are down. let's talk politics. the u.k. chancellor says his government will not pursue reckless borrowing, but with the economy hit hard by shortages, is growth already starting? we will be live. the energy crisis dominating the energy financer -- energy ministers meeting....
12
12
Oct 18, 2021
10/21
by
BLOOMBERG
tv
eye 12
favorite 0
quote 0
and europe. there will be a delay of goods getting to supermarkets and shopping malls and a greater cost in getting those goods to that point. that will delay the point at which consumers can buy them. when you consider the impact it has on inflation, the kind of feeling is this a supply crunch of story is getting worse and will continue to drag on the global growth recovery. that's what we are seeing in many parts of the world, economists saying the crunch that started at the start of the year contemporary is looking much longer lasting than anticipated. manus: and yet i would encourage you to go back and listen to the interview with martin malone, he talks about the port of l.a. operating 24 hours in the next two to three months. you will get a growth break in the u.s., something like you have never seen before. so is that one piece of the circuit breaker? the l.a. port is one example. enda: absolutely. to be clear, there are those who say there are a lot of containers being built right now, th
and europe. there will be a delay of goods getting to supermarkets and shopping malls and a greater cost in getting those goods to that point. that will delay the point at which consumers can buy them. when you consider the impact it has on inflation, the kind of feeling is this a supply crunch of story is getting worse and will continue to drag on the global growth recovery. that's what we are seeing in many parts of the world, economists saying the crunch that started at the start of the year...
10
10.0
Oct 14, 2021
10/21
by
BLOOMBERG
tv
eye 10
favorite 0
quote 0
europe will be there in q1. energy is a factor, but hopefully it is part of the broader picture of how we green the economy at a cost we can afford and is fair, and where the cost is borne by everybody in a fair way. francine: what worries you about what we are living through economically? ana: first let me say the positive. we are in a better place than a year ago. 6% global growth this year, 4% next year. that is pretty good. governments especially in the developed world were in a timely way making sure businesses survived. those are very positive signals. the other is a huge amount of savings. in 2020, savings increased by $100 billion. on the risk side, what happened to the excess government debt? what happens when businesses and people are taking off life support? do they go back to being in the regular situation, able to cope? is inflation temporary? those are issues we need to tackle. francine: does that mean we could hear zombie companies question mark what should leaders be focused on? ana: one of the t
europe will be there in q1. energy is a factor, but hopefully it is part of the broader picture of how we green the economy at a cost we can afford and is fair, and where the cost is borne by everybody in a fair way. francine: what worries you about what we are living through economically? ana: first let me say the positive. we are in a better place than a year ago. 6% global growth this year, 4% next year. that is pretty good. governments especially in the developed world were in a timely way...
16
16
Oct 21, 2021
10/21
by
BLOOMBERG
tv
eye 16
favorite 0
quote 0
trans action prices are just lower than they are in the u.s., and the same for europe. but to be able to expand margins as transaction prices get lower and lower, the same thing will happen as global legacy automakers start to scale production of electric vehicles. lisa: do they clear that hummer? that has to charge for three weeks to get you to the upper east side for one night. when you talk about that, tesla shown that actually, they can make it more profitable, with their margins going up pretty significantly. how much is this a seachange for the likes of general motors that is very much investing in this game? kevin: it is, but the other thing you have to think about is it is happening on internal combustion now also. some of the transaction and pricing data we are seeing any third-quarter is unbelievable. in the u.s., typically we average about 6.5% discount from msrp, meaning you could walk into any dealership and expect on a $43,000 vehicle about $2700 in haggle immediately, and the dealer won't blink. in september, that number was $70. that discount was 0.1 5%.
trans action prices are just lower than they are in the u.s., and the same for europe. but to be able to expand margins as transaction prices get lower and lower, the same thing will happen as global legacy automakers start to scale production of electric vehicles. lisa: do they clear that hummer? that has to charge for three weeks to get you to the upper east side for one night. when you talk about that, tesla shown that actually, they can make it more profitable, with their margins going up...
15
15
Oct 27, 2021
10/21
by
BLOOMBERG
tv
eye 15
favorite 0
quote 0
europe has had a huge push and crackdown. it is kind of leading the way which is an attempt to define what esg is an live up to a single set of definitions. we have seen it is catching someone on the wrong side of regulations like dws being investigated in the u.s. and germany. they deny all allegations. they did very well this morning as we saw in the earnings. how to define yet she remains a question. tom: i know you and the team have been looking at this new fund coming from al gore, the former u.s. vice president and the men behind the inconvenient truth, and goldman sachs. what is his fund aiming to do? tasneem: it is more of a venture more than a single fund. while esg needs necessary movement, it has not gone to where we need to be in terms of reining in emissions and keeping warming on track. they are saying impact needs to become mainstream financial investment strategies. it needs to target climate impacts where you link strategy to the 1.5 degree metric. the point is a lot of that requires private market into indus
europe has had a huge push and crackdown. it is kind of leading the way which is an attempt to define what esg is an live up to a single set of definitions. we have seen it is catching someone on the wrong side of regulations like dws being investigated in the u.s. and germany. they deny all allegations. they did very well this morning as we saw in the earnings. how to define yet she remains a question. tom: i know you and the team have been looking at this new fund coming from al gore, the...
11
11
Oct 22, 2021
10/21
by
BLOOMBERG
tv
eye 11
favorite 0
quote 0
eoin: it is a complete mixed bag in europe. you have german producer price inflation figures that are as high as bloomberg records go back i believe, back until 1967. 10-year inflation breakevens are not reacting, they are still below 2%. and in france and in italy, you have far more significant problems and a lot less room to maneuver. on the back of the biden announcement earlier this week, this is an interesting juncture for europe from a political perspective. it will be fascinating to see if it will be held together over the next couple of years. francine: what does this mean overall for where you see investment? if you go back to inflation, this ties in with the bmi number . does it filter through real inflation? the japanese experiment did not work out before but it seems to be this time. eoin: i think the central banks are still trying to tell us that we should expect inflation to be temporary. a appear to be acting that way. the bank of england was the odd man out a little bit. but remarks overnight from the chief econ
eoin: it is a complete mixed bag in europe. you have german producer price inflation figures that are as high as bloomberg records go back i believe, back until 1967. 10-year inflation breakevens are not reacting, they are still below 2%. and in france and in italy, you have far more significant problems and a lot less room to maneuver. on the back of the biden announcement earlier this week, this is an interesting juncture for europe from a political perspective. it will be fascinating to see...
19
19
Oct 1, 2021
10/21
by
BLOOMBERG
tv
eye 19
favorite 0
quote 0
, vis-a-vis asia, europe, in em. rishaad: it is interesting, you point out several reasons to be overweight tech, including government spending. we have also people indulging in more capex. industrial automation, health tech, too, on the floor. give us a sense of where this all goes. >> the pandemic really kind of exposed many countries to the vulnerabilities to the global supply chain. between china and the u.s., it is not how much i export and import but really about who has the edge on technology. i think the beneficiaries would be semiconductor companies. everyone is investing. it comes also in my town, my country, so i think it is another kind of catalyst or tailwind for the technology sector. yvonne: is china tech part of that story, too? talking about when it comes to asia, we continue to see we are off something like 44% from the peaks we saw in february. are you seeing much upside now? >> i think the regulatory changes in china have created a selloff. big names like in china have fallen, like, 50%. until we
, vis-a-vis asia, europe, in em. rishaad: it is interesting, you point out several reasons to be overweight tech, including government spending. we have also people indulging in more capex. industrial automation, health tech, too, on the floor. give us a sense of where this all goes. >> the pandemic really kind of exposed many countries to the vulnerabilities to the global supply chain. between china and the u.s., it is not how much i export and import but really about who has the edge on...
32
32
Oct 29, 2021
10/21
by
BLOOMBERG
tv
eye 32
favorite 0
quote 0
francine: you have a pretty big market share in europe. how is it going with covid cases up and in the u.k.? >> we are doing fantastic. we are growing double digits across all of our markets and all of our clusters. not only 2020, but 2019. it is a great market for us. francine: anything on the horizon in terms of, and day? is there anything you are eyeing and which market? >> we are scouting a lot, we are digging a lot. not until they are done. francine: is there a region you want to beef up? a good value to bring into the campari group? >> our thinking remains unchanged. we are looking for premium spirits brands with a high on premises share of business, ideally with strong sales in the u.s. and asia. and obviously, that is not the simplest puzzle to put together. francine: no, i'm sure it is not. i love the asian countries going forward. zero -- a lot of the asian countries are going forward with zero covid tolerance. how does that change your strategy or what kind of drinking dynamics do you see? do people still drink at home? or is th
francine: you have a pretty big market share in europe. how is it going with covid cases up and in the u.k.? >> we are doing fantastic. we are growing double digits across all of our markets and all of our clusters. not only 2020, but 2019. it is a great market for us. francine: anything on the horizon in terms of, and day? is there anything you are eyeing and which market? >> we are scouting a lot, we are digging a lot. not until they are done. francine: is there a region you want...
12
12
Oct 18, 2021
10/21
by
BLOOMBERG
tv
eye 12
favorite 0
quote 0
europe is leading the regulatory charge. i had a chance to sit down and talk to a leader in this particular area at bridgewater. i was speaking with the coat cio of sustainability at bridgewater associates. take a listen. karen: i think it's fantastic. you get the interplay between investor saying they want to move in this direction, and before you know it, the tools proliferate. you can have a million people asking me through a million reports, it's got to be consolidated. how do we make one standardized thing? what is fantastic is that it's becoming clear, it is a feedback loop, reporting on them, caring about them internally, and in particular, europe has said were going to speak broadly about social and environmental issues. i think that's the way of the future. caroline: when you're looking at the investment opportunities out there when it relates to sustainability, is there enough transparency out there? are there things that can make a real impact? karen: the data today is radically better than it was two or three yea
europe is leading the regulatory charge. i had a chance to sit down and talk to a leader in this particular area at bridgewater. i was speaking with the coat cio of sustainability at bridgewater associates. take a listen. karen: i think it's fantastic. you get the interplay between investor saying they want to move in this direction, and before you know it, the tools proliferate. you can have a million people asking me through a million reports, it's got to be consolidated. how do we make one...
13
13
Oct 14, 2021
10/21
by
BLOOMBERG
tv
eye 13
favorite 0
quote 0
it's daybreak europe. we have the stories that set your agenda. china sees the factory price inflation at the highest since 26 years. u.s. cpi prints above 5% again. fed minutes suggest tapering as soon as next month. bank of america, morgan stanley, and citigroup report later. we break down the figures this hour. plus, revenge of value trading. we speak to the chairman and founder of research affiliates about the market bubble and the revival of cheaper stocks. looking forward to that conversation. very good morning. i've got a conundrum. i don't understand. inflation at the highest since 2008. core inflation is up there at a 25 year high. tapir is set to begin. why is the bond yield dropping? is it more worried about growth? dani: good morning. is this a recession signal? it's not just a conundrum for us, it's the return of the greenspan conundrum. this is something that was flagged at not alliance. when you have this move lower in the 10 year yield, buying on the long end as rate expectations pick up. it's indeed a conundrum for both of those s
it's daybreak europe. we have the stories that set your agenda. china sees the factory price inflation at the highest since 26 years. u.s. cpi prints above 5% again. fed minutes suggest tapering as soon as next month. bank of america, morgan stanley, and citigroup report later. we break down the figures this hour. plus, revenge of value trading. we speak to the chairman and founder of research affiliates about the market bubble and the revival of cheaper stocks. looking forward to that...
12
12
Oct 8, 2021
10/21
by
BLOOMBERG
tv
eye 12
favorite 0
quote 0
this is bloomberg. ♪ ♪ >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: friday the eighth, 30 minutes of the close. european stocks just drifting as u.s. job growth disappoints for a second month in a row. the euro tracking a little bit higher, still around or below 1.16 against the dollar. ireland abandoning its 12.5% corporate tax rate, removing a major hurdle to an oecd deal that could deliver a minimum tax rate of 15% for global multinationals. we will talk about that in a moment. the eu is set to explore joint gas purchases and storage as weather forecasters worn that temperatures and wind speeds are set to drop in the near future. exports continue to china despite a major fire at a processing
this is bloomberg. ♪ ♪ >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: friday the eighth, 30 minutes of the close. european stocks just drifting as u.s. job growth disappoints for a second month in a row. the euro tracking a little bit higher, still around or below 1.16 against the dollar. ireland abandoning its 12.5% corporate tax rate, removing a major hurdle to an oecd deal that could deliver a...
9
9.0
Oct 18, 2021
10/21
by
BLOOMBERG
tv
eye 9
favorite 0
quote 0
it targets much of europe, poland, italy, but the u.k. will miss out. facebook is expecting a record level of advertising during the upcoming holiday season, despite supply chain challenges. a look at booster shots, we're joined by the moderna ceo stephane bancel, for the latest news on when that authorization is happening. how much vaccine they will produce over the next year. so much to talk about. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i am emily chang in san francisco. booster shots are the topic of every day. almost 9 million americans have gotten a booster dose of the pfizer vaccine, the only booster authorized by the fda. for the other two vaccines working through the regulatory process, booster shots are likely to be available for some people soon. i want to bring in the moderna ceo, stephane bancel, for an exclusive interview from the health conference in boston. thank you for joining us. let's talk about the status of that authorization. what have you heard on the timing from the fda on the authorization for the
it targets much of europe, poland, italy, but the u.k. will miss out. facebook is expecting a record level of advertising during the upcoming holiday season, despite supply chain challenges. a look at booster shots, we're joined by the moderna ceo stephane bancel, for the latest news on when that authorization is happening. how much vaccine they will produce over the next year. so much to talk about. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i am emily...
15
15
Oct 29, 2021
10/21
by
BLOOMBERG
tv
eye 15
favorite 0
quote 0
that we've seen in asia and europe? you are a huge supplier of natural gas. can you give us insight? pierre: supply and demand can get out of sync. we saw demand decline rapidly last year and increase rapidly this year for natural gas and products and supply cannot adjust as quickly as demand. the markets are rebalancing and we expect they will rebalance over time. we have a great natural gas business in the u.s., australia, and africa and we are well-positioned. we expect the markets to rebalance over time. alix: i'm sure that you knew this question was coming. you have shale wanting to break up the company, the legacy oil and gas business versus lng and the renewable energy business. chevron and axion are going different ways than the shells are in the energy transition. what do you think about calling for the breakup of big oil? pierre: we are in a different place than everyone else in the sector in terms of our track record, returning cash to shareholders, proven capital discipline, the balance sheet and strategy that is clear and consistent on delivering
that we've seen in asia and europe? you are a huge supplier of natural gas. can you give us insight? pierre: supply and demand can get out of sync. we saw demand decline rapidly last year and increase rapidly this year for natural gas and products and supply cannot adjust as quickly as demand. the markets are rebalancing and we expect they will rebalance over time. we have a great natural gas business in the u.s., australia, and africa and we are well-positioned. we expect the markets to...
8
8.0
Oct 6, 2021
10/21
by
BLOOMBERG
tv
eye 8
favorite 0
quote 0
energy prices in europe have extended their blistering rally. the regionwide supply crunch showed no signs of easing, and that has prompted the european union to promise swift action to protect the economy. dutch and u.k. natural gas futures have jumped 60% in st a few days. in hong kong, chief executive carrie lam has outlined plans to develop a border with china into a major metropolitan area. more than 9000 homes would be built to ease a housing crisis. lam wants to develop the area into an information technology hub. on monday, snape saw a 23% boost in time spent on its android app, compared with the same day the prior week. telegram and signal also reported a big surge in usage. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ sen. warren: i can't support jay powell for riemann nomination -- for renomination. my view is he ends his term, we put somebody else in his place, and i think the fed will be better of
energy prices in europe have extended their blistering rally. the regionwide supply crunch showed no signs of easing, and that has prompted the european union to promise swift action to protect the economy. dutch and u.k. natural gas futures have jumped 60% in st a few days. in hong kong, chief executive carrie lam has outlined plans to develop a border with china into a major metropolitan area. more than 9000 homes would be built to ease a housing crisis. lam wants to develop the area into an...
16
16
Oct 18, 2021
10/21
by
BLOOMBERG
tv
eye 16
favorite 0
quote 0
we heard about opec failing to meet targets and russia to offset sending more gas to europe. higher commodity prices really filtering in to the inflation debate. take a look at yields at the front end -- highest since the pandemic and we see the 10 year yield headed toward that 160 above level, the gap between a five and 30 year yield at the narrowest since april of 2020, potentially signaling and economic slowdown when you have these inflation concerns and perhaps a fed tightening that might come faster. at one point falling below that 84 basis point level. in february, at that 157 basis point level. if you step back and look at the spread between the two and 10 year, you will see yields remain at wider levels. when you look at the global picture, it's all about the surge in yields. we saw new zealand's inflation accelerating at the fastest pace in 10 years, leading to yields surging higher. u.k. yields also jumping because of that hawkish signal coming from the boe, so that broader surge in the belly really seen around the world. haidi: key to the global economic recovery i
we heard about opec failing to meet targets and russia to offset sending more gas to europe. higher commodity prices really filtering in to the inflation debate. take a look at yields at the front end -- highest since the pandemic and we see the 10 year yield headed toward that 160 above level, the gap between a five and 30 year yield at the narrowest since april of 2020, potentially signaling and economic slowdown when you have these inflation concerns and perhaps a fed tightening that might...
4
4.0
Oct 21, 2021
10/21
by
BLOOMBERG
tv
eye 4
favorite 0
quote 0
then we look at t tfn europe as well. all the gas prices are elevated because there is a lack of energy for the power consumption needs, so it is a precursor to your austin. i think that transition is going to lean on gas pretty heavily and that is actually good for the producers of gas, qatar, australia, the united states, and other countries. the challenge is the competition between europe and asia to get their hands on -- [no audio] yvonne: all right, thank you so much. great insights. sticking with energy, as well, we heard from a lot of corporate's. whether it is rio tinto after the debacle they had to deal with when it comes to that original -- the new ceo making a big pledge. bsg efforts from the energy players here. the key question is whether they can meet those. activist investors are really kind of pushing that. >> rio tinto. it is this transition that pat was just talking about here. yvonne: engine number one. so, we spoke with the ceo and she said she hopes the oil giant will change the business model overall
then we look at t tfn europe as well. all the gas prices are elevated because there is a lack of energy for the power consumption needs, so it is a precursor to your austin. i think that transition is going to lean on gas pretty heavily and that is actually good for the producers of gas, qatar, australia, the united states, and other countries. the challenge is the competition between europe and asia to get their hands on -- [no audio] yvonne: all right, thank you so much. great insights....
8
8.0
Oct 22, 2021
10/21
by
BLOOMBERG
tv
eye 8
favorite 0
quote 0
this week it is natural gas prices in europe. but today, the ukraine is negotiating with russia to provide a big discount to pipe natural gas into europe, to provide supply. so the markets will find a way, supply will eventually come online. i think the surprise will be how quickly supply and demand adjust. years from now, we might be talking about disinflationary trends coming back. jonathan: you say if we get to 2%, back up the truck and add duration. what about 1.75? mike: there is a lot of value in the long rates. the 30 year, we have loved it. i was looking at my notes from being here years ago, a yottabyte of 2% on a 30 year treasury would be a museum piece. and here we are all the way back to 2.10. today, you are seeing the price action. the front end is selling off and the back end is rallying hard, because of the fed hikes too aggressively, they will shut down the global economy and inflation will the rule of law. jonathan: i remember the cushion that led to the answer, i asked how you will look back on this bond market
this week it is natural gas prices in europe. but today, the ukraine is negotiating with russia to provide a big discount to pipe natural gas into europe, to provide supply. so the markets will find a way, supply will eventually come online. i think the surprise will be how quickly supply and demand adjust. years from now, we might be talking about disinflationary trends coming back. jonathan: you say if we get to 2%, back up the truck and add duration. what about 1.75? mike: there is a lot of...
26
26
Oct 3, 2021
10/21
by
BLOOMBERG
tv
eye 26
favorite 0
quote 0
we are currently looking at a very interesting projects in eastern europe. annabelle: with the target of being carbon neutral by 2050, does that mean you are looking at renewable projects or traditional power sources? caroline: we keep on looking at gas, and we look very strongly at renewable. it is not only the trend, but also the future and the technology is becoming cheaper. however, we also see that there is a big place still for hybrid power plants. it is a combination for different reasons. i think the renewable power plants are also still very influenced by environment of factors. until we find the right balance, we will keep expanding in all directions. annabelle: what about the industry and health care sectors? that makes up about 30%. where will you see the biggest opportunities in the industry space right now? caroline: in the industry space, we are really focusing on smart solutions. smart utility solutions for districts and cities. then we are looking at healthy living, healthy building solutions as well. so for example, we are in the cooling bu
we are currently looking at a very interesting projects in eastern europe. annabelle: with the target of being carbon neutral by 2050, does that mean you are looking at renewable projects or traditional power sources? caroline: we keep on looking at gas, and we look very strongly at renewable. it is not only the trend, but also the future and the technology is becoming cheaper. however, we also see that there is a big place still for hybrid power plants. it is a combination for different...
19
19
Oct 26, 2021
10/21
by
BLOOMBERG
tv
eye 19
favorite 0
quote 0
we save the world and world war ii and rebuilt europe on $4.7 trillion. we have spent $5.4 trillion and we will have a heck of a lot more. dani: that was senator joe manchin with david rubinstein. it is interesting to see how the next few days pan out and also we have earnings from alphabet, microsoft and then deutsche bank tomorrow. it has been a really busy 24 hours. dani: we have u.s. durable goods and there is so much out there, a lot that can shakeup the markets. coming up, senator sherrod brown will be joining "balance of power." this is bloomberg. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an
we save the world and world war ii and rebuilt europe on $4.7 trillion. we have spent $5.4 trillion and we will have a heck of a lot more. dani: that was senator joe manchin with david rubinstein. it is interesting to see how the next few days pan out and also we have earnings from alphabet, microsoft and then deutsche bank tomorrow. it has been a really busy 24 hours. dani: we have u.s. durable goods and there is so much out there, a lot that can shakeup the markets. coming up, senator sherrod...
17
17
Oct 11, 2021
10/21
by
BLOOMBERG
tv
eye 17
favorite 0
quote 0
., he believes that what we're seeing is europe and china switching from natural gas to oil. that crisis putting upward pressure on oil demand that wasn't even in the forecast a month ago. you're looking at brent crude which is now within striking distance of $85. and if we go to the year to date gains for oil and other energy futures, you see that the oil gains are dwarfed by the natural gas gains. and that's really the issue. you got european natural gas up almost 300% year to date. and jurgen says -- and he's a well-known oil historian -- that when you have natural gas and europe at the equivalent of $200 a gallon, even though it's difficult for generators to switch from burning natural gas to oil, it becomes a consideration further boosting demand. jurgen also believes that the u.s. is likely to ask opec to pump more to ease the crisis. any president he says knows that high gas prices not good for incumbents. lastly let's go back into the bloomberg. because coal prices continue to surge higher in china. china's largest coal producing region has now been hit by severe floo
., he believes that what we're seeing is europe and china switching from natural gas to oil. that crisis putting upward pressure on oil demand that wasn't even in the forecast a month ago. you're looking at brent crude which is now within striking distance of $85. and if we go to the year to date gains for oil and other energy futures, you see that the oil gains are dwarfed by the natural gas gains. and that's really the issue. you got european natural gas up almost 300% year to date. and...