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tv   Bloomberg Daybreak Europe  Bloomberg  December 8, 2023 1:00am-2:00am EST

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this is "bloomberg daybreak." i'm lizy burden. the end surge continues on bets as the b. only j. is nearing the end ofs its negative rate policy. traders get ready for a crucial jobs report. after talks running well into the night, e.u. finance ministers are scrambling to find an agreement for new fiscal rules for the block. we'll go live to brussels. and the palestinian authorities are working with u.s. officials to run palestine. good morning. if you're just joining us. it's gone 6:00 a.m. here in london. you're looking at futures pointing in opposite directions in europe and the u.s. nasdaq futures are down .10 of
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percent. it did have a bit of a rally. google releasing gem night. alphabet in particular climbed 5.3%. but if we flip the picture over to cross assets, the real excitement is about the yen. dollar yen is currently trading at 1.43 pushing toward 1.44. it has been there so far this morning traders gearing up for a wild festive season shall we say? this is after we had those comments from the b.o.j. governor yesterday ramping up the bets for a hike making it seem like we could have a live meeting at the next b.o.j. meeting. but then we had the weaker than expected g.d.t. we'll get more on that in a minute. all eyes on the u.s. jobs report. investors looking for science of cooling in the labor market. and the judgment really being whether the data is soft enough
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that you could see cut from the fed but are they so soft that we could see recession? we'll keep an eye on that. you're looking at the 10-year treasury yield pretty -- well, where are we? we're at 4.15% at the moment. the dollar pretty steady as well and you're looking at crude trading at just over 75 a barrel. a hell of a week for royal as these concerns for oversupply swirl. but we'll talk more about that later in the program. i promised you we would go over to asia. let's get a check on the marks with avril hong. avery? >> i'm sure they will be keeping a close watch. they flagged volatile crude price. they were holding steady. but in terms of stocks we're actually seeing some gains.
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it's really that followthrough in the rally in the u.s. session. in terms of moves in japan that is really what's causing the region to hold flat because we're seeing the nikkei as well as the topix as the yen appreciates. we saw it hitting that 1.7 level in the new york session as you mentioned lizy. pairing those gains now. but the ben fish areas for rising rate environment will be the japanese lenders. and that's why you're seeing a bit of an outliar. japan stocks down today. interesting what we're seeing in ja pennsylvania flip the board and take a look at how they're pairing the losses from earlier on in the session. and this might be, you know, downward revision to g.d.p. in japan causing investors to think twice about just when we're going see the g.d.p. exit.
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lizy: we're going talk to crystal ball cranfield. you were the first to talk about that dollar yen looked to be lower in the near term. how much less live look after what avery mentioned the washington than expected g.d.p. that we see. >> we've gone past that we also had labor cash earnings today which were better than expected and the bank of japan is watching wages very closely that's more important. and we had a current account surplus. overall the numbers were favorable for the yen. but it's calming down because the payroll numbers are so huge for all markets not just for the yen. next week we're going to go into fever pip for speculation. i suspect that people will be
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even increasing their bets because, the meeting curse on the 19th of december which is almost a year to day when the bank of japan suprise people with a tweak last year. on that day, dollar yen dropped more than 600pips. last night we saw over 500pips move for dollar yep. very big moves at hand if the bank of japan does do something to surprise. nobody will want to be left out. and positioning was a little bit neutral as well. until yesterday, everybody thought the bank of japan meeting was going to be a nonevent. now, they're having to rethink all of their outlooks on where japan is going. >> the drama back on for another year meanwhile, we're looking ahead to the u.s. jobs report later. mark, where would the numbers need to land? not quite a scary slowdown.
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>> people will be watching ton employment number its. it was 3.9 last time. fit comes at 4 or 4.1, that will continue to show that overall -- the job situation is pretty strong but obviously cooling. that's what the fed wants to see. they want to see a gradual cooling of the situation without it being dramatic. the inflation is heading toward the right direction, it hasn't quite reached the target they're looking for. >> the jobs numbers continue to grow in an unexpected way. they probably will see the 5% range. then they will feel more that their job is done and they can afford to lower interest rates. but we're here about their meeting last week. they're going to push back. they're going to tell the markets that they're not ready but for now, people are not ready. rates go up. rates go down. it seems we know that the peak is in for federal reserve rates people actually expect that the next move will be lower.
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just a question of when it comes. lizy: we'll have full coverage of the grand finale of the u.s. jobs data right here on bloomberg. but for a roundup of al the stories you need to get your day going, just head to the news letter on your terminal. today they lead into our interview with the palestinian prime minister. we'll be bringing you that just a moment. they also have the latest on the yen as we were discussing with avril. and the biggs families getting richer. all of that and more on the daybreak newsletter. terminal subscribers can find it on bloomberg go. bloomberg spoke exclusively to the prime minister of the palestinian authority, moment stiae about whether now is the
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time to look for a new solution. >> we are ready for that. our president will extend to their hand -- whoever is ready to talk to us on ending occupation and establishing a two-state solution, one state that is secure for the palestinians. we're ready for that tomorrow. but we have tried this for the last 30 years. and it has not been working. >> true. >> ok so for whoever to say bring the two parties together and let them talk, this is not going to work. i'm telling you, i was the first palestinian who landed in madrid october 1991. so we had been in the exercise for more than 30 years now. you need a serious but a dime shift. and that serious but a dime shift is not about don't leave it to the palestinians and israelis to end up on flip. but what did president obama say? the israelis are too strong to
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compromise. the palestinians are too weak to compromise. you need an intervention. the third party should be in any been the security council. that in this chapter is mandated to make bees in the world. now, the united states security council should first allow palestine as a member of the you night t mentioned not to be a mon member state. you know, 142 countries have recognized palestine as an observe. now, it's time for the united states in particular to allow this resolution to be passed through the secure council. when president biden was -- meeting with our president, he specifically stated that he's a true leave on two states on the borders of 1967. what is the interpretation for this. >> we should sit down in an
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untial conference and lay down the specifics and the foundations and the measures and the mechanism how to achieve the two step solution. what we need now is what one might call a reverse engineering. let's build the ceiling firms and the ceiling is a state of them. and then the security council should put together a team to bring us together and say let's work on the borders. the demarcation of bored. let's work on what you would do with all the settlements? >> what would you do? >> they were built illegally on a legal -- >> did you tell everybody to leave? when you are a league -- illegal, yes, you should not be allowed to continue with your
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illegality. lizy: they speaking to ethan. ethan joins me now. the palestinian president said that israel's aim to fully defeat hamas is unrealistic and that he could see them becoming a junior partner after they got attacked. how do you see that being received by israel's relationship. >> it's completely contradictory. here. the israelis have said that they're going to destroy hamas. here we see an interesting issue which is the americans are offering the palestinians lot of support that it could go in and take over, but it's also our friend to support -- is in favor of the destruction of hamas. i think there's a lot of kind of magical thinking all aren't. >> and we'll have to see depends
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on how this war end. lizy: meanwhile, benjamin be netanya hoo. >> this has been a problem when the october 7th attack. the concerned -- which like hamas arrives on iran for support and ideology that it would jump in this backle and this war. its ha not done so because the united states has sent two carrier battle groups there and because they have been backing back and forth. and palestinian factors in southern lebanon. israel is in a tight spot which feels that all around it there's an enormous about of hostility. rather than as conciliatory as possible.
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we see a lot of difficulty with those who would like to negotiate now. >> yeah, speaking of which, the notion is being accused. give us on what the two groups have said. >> the israelis have been from the beginning difficult about bringing in humanitarian aid to gaza. in recent days and weeks, partly under u.s. pressure, the israelis have changed their view and said let's level in that in. we'll help. >> they claimed the slows due the efficiency of the brain. the u.s. has a body that has repeatedly condemned israel over the decade. so there's not a lot of loss there. they're trading accusations. lizy: thanks to ethan bronner.
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we really appreciate that exclusive interview as well as the analysis. plenty more ahead. this is bloomberg.
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lizzy: happy friday. officials have been un unable to strike a deal despite holding talks well into the early hours in brussels. let's go there now. we've had germany's finance minister indicating there was still unresolved issues. >> already made public that about 90% of our positions are now similar. but there are some questions to discuss. >> well, maria today, bloomberg, your correspondent has been across all of the twists an turns. no breakthrough. can we still get one? maria: no breakthrough. and as you see european finance ministers working until 3:00 in the morning yesterday.
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they decided to call it a night. we still see there are differences. he said it is just 10%. we're 90% there. but it's always a final stretch that is the most difficult bid. it's that final 10% that they could not agree yesterday. today, that means no breakthrough. there's no announcement to make on a deal where finance ministers were hoping to announce on friday. but that is not going to be the case. what we know now is that work is going to continue in the next few days. it's not clear to me however when the talks will resume. is it a monday story? tuesday tory? >> there's a meeting at the owned next week. but the clock is certainly ticking. we know there is a deadline almost self imposed but nonetheless important. we know the old rules would kick in on january 1st. and that could see a number of countries in for a big physical adjustment. what this shows that this is
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back at the forefront of european economic policy. and you see the tension playing out. and this is the core of the argument here between countries that continue to say the focus should be on that structural decline of debt and deficit and a number of countries that carry. we need a path to investment. the european commission has a very ambitious agenda and of course, someone's going to have to pay for that. >> that's the final stumbling block to agree on. help us know what christian leitner. >> he seemed relieved to be in brussels appear get away from berlin for a few days. re, christian is the man who once told me he looks at himself. he would describe himself as the friendly hawk. that's his political persona. he cares about this imagine that
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he's construct for himself about a man who cares about physical discipline. who is serious about the deficit there were concerns about the mess in berlin over the budget could distract him into the talk in brussels or that he could double down sometimes that germany has pursued. yesterday, he was in a happy mood. almost relieved to be in brussels. his main line was that germany wants to get a deal out of this and they want to see the format of the fiscal rules. now, when it comes to the german situation another he was clear that he doesn't want talk about national domestic policies. in brussels he believes that there could be a deal over the next few days. what is easier to get a deal now in brussels orbier flynn i would say it's probably brussels.
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>> thank you for that. plenty more ahead. this is bloomberg.
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♪ >> welcome back to bloomberg daybreak europe. u.s. trade representative catherine thai cecis excellent talks. but she told us any new agreement should follow trade winds. >> what we have been disciplined in trying to do is to say let us bring a trade program to each one of our partners that's tailored to that partner, that's tailored to our interest in the partnership that's tailored to the challenges and the dynamics that we are navigating in the global economy.
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with taiwan, what's that meant is that we have been negotiating agreements and the first agreement that's -- that we have with taiwan is one that covers, i think five issue areas. it's trade facilitation. it's small medium enterprises. good regulatory practice. i'll have to look at my notice for the other two. we've got a core group of five disciplines. congress in a fit of enthusiasm even though they were not required to took a vote on it to show their support for what we are doing here. and on that basis we are getting another set of disciplines as we speak. we've been making excellent progress. and we'll continue to look at building out those agreements to -- to have an arrangement with the taiwan economy that is fit for the times. and the times are very
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challenges and so this is one of our accomplishments. >> so you don't rule it out but it's now not now. >> let me back up to what do you mean by free trade agreement? do you mean the traditional u.s. approach to a very, very comprehensive maximizing aggressively maximizing the agreement? we're not doing that right now. it's insensitive to the global economy and the u.s. economy to push on with that program which may have been fit for the 80's and the 90's f maybe it was starting to show its age in the 2000's and 2010. it's 2023. there's new innovations going around us. a.i. wasn't even a thing that we talked about in all these different ways but we hand experienced the pandemic. supply change discombobulation, the fragile disand the geo
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political tensions. we've always had them but they were different in different scales different partners. so as much as we embrace innovation in our economy, we need to be embracing innovation in our trade policy. that's what we're doing. when you say f.t.a., sure. if by f.t.a. you say are we innovationing trade agreement and are we doing trade aggressively but in new ways? yes. when you say f.t.a. if you mean the old style trade agreements, then no. >> let's take a check on the yen because we are back to volatility. we had the comments from the governor yesterday. but then the weaker and that expected g.d.p. this morning muddying the waters. the yen has been on a tear against the g10 pierce.
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you can see it trading. and we had the nikkei closing down 1.7% and the topix down 1.5%. coming up, though, another surge for the nasdaq we'll discuss today's u.s. crucial jobs report and what it could mean for the fed. that's next. this is bloomberg.
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♪ >> good morning. this is bloomberg daybreak
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europe. i'm lizzy burden. the end surge continues the b.o.j.'s nearing the end of its negative rates poll similar after another nasdaq rally, traders rally for a crucial u.s. jobs report. e.u. finance ministers are scram technology find an agreement on new fiscal rules for the block. we'll go live to brussels. the pal stanian authorities are -- palestinian authorities say that israel's aim to fully defeat hamas is unrealistic. good morning. happy friday. it's gone 6:30 a.m. here in london. let's check in on these markets for you. you've got futures opening. the u.s. are up a quarter of a percent as the futse are just flat and nasdaq down .2 of a percent.
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we did have a bit of a rally yesterday. this kind to fueled by a.i. google releasing gem night and you had alphabet climbing 5.3%. if we cross over the the picture, the volatility is very much back. the traders are gearing up for a wild season. dollar yen at a 144.00 handle. but trade is ratcheting that bet for a b.o.j. hike off of the bank of japan governor -- after his comments. we had weaker than expected g.d.p. inner data to come today. all eyes on the u.s. jobs report out this afternoon. investors are looking for more signs over cooling labor market for clues as to when the fed will cut rates. you've got 10-year treasury yield 4.15% and it's down .4 of
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a moment. brent crude at $75 a barrel. it really has been quite the week for oil, shall we say? these concerns about oversupply continuing. and so brent there, $75 a barrel. let's go learn more. -- learn in bill dudley expect it is fed to cut rates in 2024 but not as much as markets expect. he spoke to bloomberg's jennifer ahead of today's jobs report. >> we focused on a couple of things in this report. number one how is payroll report. the fact that the auto strike is over and people are going back to work that's going to boost the payroll gain they're going get a lot of scrutiny because
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wage are rung 4%. that's too high to be squint 2% inflation. and then the unemployment rate has drifted up this year despite the economy being very strong because labor forth growth has picked up marketedly. now, one month doesn't make a trend so the market will react to the data that we get. i think -- the general story we have is inflation coming down. the fed pretty happy with how things are going. monetarily policy on hold for a while. >> bill, how has your thinking involved around what the fed is going to do around the early months of 2024? are you with consensus or out of consensus? >> i think they're going to be a little slower to cut rates and what the market expects. the reason for that is they want to be highly confident. those are their own words that they're going to get inflation
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down at 2%. they need more than a couple of months data showing progress on the labor market getting a little looser, wages coming down. and especially inflation becoming less intense. that will be the tricky part. the easy part of this inflation was in the good sector. demand for goods fell. that brought down goods inflation. the services side is more difficult that will cut rates in 2024 but not as much as 100 basis point that are currently penciled in. >> bill dudley the columnist there. up with point doesn't make the trend. it's the same noise that you hear around the world. and that misinterpretation of data dependence. they're not wanting market volatility after each blip in the data. but alas that's what we seem to see. the november u.s. jobs report.
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expectations are for a pickup in hiring but as bill says, does it come back to the resolution of strike action? ahead of that, you seem continuing job less claims following -- falling by the most since july some of let's pass all of this. and look ahead. we have van ram. on this jobs report, van, where would the numbers have to land? so that the u.s. can still manage a soft landing on the other. >> morning, lizzy. i want to focus on two aspects one is the job less rate. if you look at it, it was around the average of the past two months. the fed estimated that it will be 1.4% or even higher to bring the labor markets back. i would say 4% would suggest to the market such a soft landing.
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the other number, the average -- >> all right. we steam be having trouble hearing svenram. but we will hear about a preview of the jobs report. thanks for what we heard from you from our live team. german finance minister says that he expects agreement on the revised 2024 budget in a couple of weekdays. but it's unlikely to pass through parliament before the end of the year. we'll go to germany corporate in in berlin for more now. i was talking to maria earlier, she said it would be easier to get agreement in have bills than in berlin. what's the latest on the drama there? >> it certainly feels that way, lizy. this is the expectation from letner but al from the s.p.d. that basically this budget will not pass this year. can they get it past the coalition?
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that's the biggest step. will they be able to come to an agreement? again, this is not the united states. it's not fiscal armageddon. they would have to put a provisional budget forward. but for this government, they do not want this dragging into 2024. they're trying to plug a 17-year euro hole. how do you do that? you cut spending, raising tax or suspending the debt break which is very complicated and probably won't be able to happen. one of the politicians said that maybe part to that hole could be build the that kind of suspension. there are $8 billion going ukraine the miami issue is how do you save face? this is a major know how the government action big loss for all of them. how do you come out of this without any individual party feeling like the bigger of the losers? >> let's dig in because we start
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on the own party conference. what are you expecting to come out of it? >> yeah, that's been completely hijacked obviously by what's going on in germany which is another reason to put it to bed before this happened. it's taking off in just a couple of hours. just a reminder, these happen every two years if for the s.p.d.. this will set up their agenda what their priorities are going to be not just for right now but in the next election if that election would be held today it would be swept by the c.d.u. merkel's historical party but the a.f.d. polling the highest it has ever. what part of their promise is going to be on much more spending on modernizing the economy, on a greener economy. and that is exactly what is under scrutiny right now what they're going propose is to have higher tax first the wealthiest people in germany.
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we come back to this debt break. the s.p.d. wants us to finance many of these things. the debt break is a roadblock that stands between germany and a modern green economy. lizy: now, let's get a roundup of some of the other stories. president biden's son hunter has been indicted of nine charges it comes after an announcement by house republicans that they noon vote next week to formalize an impeachment inquiry into the president revolving around hunter biden business's dealings. the indictment didn't offer any evidence that the president had any involvement in his son's activities. hunter biden is expected to deny the charges. elsewhere bloomberg has learned the project lead on tesla's
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super pewter has left the company. it was left to train autonomous driving systems. peter bannon will head the project which morgan stanley said could add $500 billion to tesla's value. sales at tsmc have fallen back into contractions. they have a way to go before the prolonged slump the made to order chips recorded a 6.6% drop in november. now, to luxury here in europe. the soaring value of hermes are the rich nest europe. they're third on the list of the world's richest families in 2023. well, lets's discuss with bloomberg's tara patel. she joins me from paris with more on that list. what's on hermes's success, tara
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short of me having my own birkin? >> i think you maybe wanting a birkin is part of their success. my colleague and i try to figure out what exactly is the secret sauce? what are the ingredients in hermes incredible success sitting at the top of the crown jewel of the luxury world. we discovered three. the first one is reliance on craftmanship, and such as the berkin and kelly model. they're made by hand. a single artisan signs it and makes each bag. this feeds into the secret sauce
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and the third is exclusivity. they feel like they pay thousands of dollars for a bag. they feel like they're getting something exclusive and they're also feel like they're getting something very scarce because customers sometimes have to wait months and even years to get a particular model or color. lizzy: what are they doing that other brands are not going to make them so successful in the luxury brand industry? >> it's really -- what's really intriguing about them is it's not what they're doing. it's what they aren't doing. and that is -- it sounds a little confusing. but they say they don't do marketing. now, that's a little bit of playing on words because they advertise and with the best of them. but what they don't do that brands like their big rivals does is rely on famous
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clubbities famous influencers to push their project, to promote their products using personalities. hermes are relatively unknown. they're designers. some of the design verse been at the company for decades. and they really aren't household names. i'm thinking at the big rivals, williams came in as the louis vuitton. he was a star in his own right before getting to the luxury company. hermes is much more discrete. much less bling. and it seems try to be doing things in their own what, we like to call quaint way that has so far been working its magic for now, almost going on seven generation. the sixth generation of the family is firmly in control. >> well, classic as always.
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bloomberg, tara patel, thank you for that. now, coming up, we're going to speak to ghana's minister for land and resources at cop 28. we'll talk to him about protecting the world's vital tropical rain forest basins. that conversation next. this is bloomberg.
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♪ >> welcome back to bloomberg daybreak europe. it's 6:46 here in london. sutherbys has notch a billion dollar of sales. but the c.e.o. says he's seeing weaker demand in asia. he spoke with our expert on the sustainbility on the buying spree. >> ayear to date we'll be closer
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to $8 billion overall. >> i mean, you had a picasso at $139 million which caught the head liens. it's the second highest ever on auction. is the art market robust an strong, or how would you define it at the moment as you close 23? >> i definitely think the market has changed this year. we're certainly -- the art market is not immune to all the geo political factors, higher cost of money. the same factors that are influencing markets globally. what we have seen is their strong demand for artwork that is a-plus, in quality has exceptional provenas. >> are the chinese slowing down relative to let's say the middle east an america? how would you describe the landscape? >> we definitely are seeing changes in where the buying and selling demand is coming from. i certainly would agree that --
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that asia and china particular seem somewhat softer than it was. that doesn't mean that it's -- you know, fallen off the cliff, anything like that we had very successful sales in hong kong and october and have big plans what we can do in the middle of next year which we're excited about. at the same time we're seeing particular strength in the united states. i definitely this u.s. is powering a lot of the market right now along with parts of the middle east. >> i want to talk about the future of sutherbys. it's just a question of offer an demand. those are the words of patrick is he exploring sales? >> no, he's not. he's incredibly committed to sutter best. he loves it as a business. very that a hard no? >> i mean, no one can predict the future, but i would find it very, very unlikely. it's not in his plans or
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business at all. >> you took them to the market so it naturally lies -- are you pushing him to i.p.o.? is in the moment of where you got great numbers, you're have a great run. come on? is the missouri moment to go to the i.p.o.? >> it's the culmination of a growth journey. it's not case at sutherby's. they've been a public company between patrick's border organization -- there have been companies that have gone public or private i would describe it as situational. we are really operating as a fully private company that suits us well and keeps us focused on our mission. but never say never. the point of raising capital to fund growth is something that will always consider. >> let me turn around do you need cap snail do you need cap tool grow the business? >> , no we don't need capital to
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do what we're currently doing in our known business. as you've noted we've been expanding sales channels an geography. all of that we can do for our core business. if we were going to be in a place we're expanding sutherbys dramatically more than what we're doing, then we would have significant acquisitions then. that might be a different case. but it's not at the moment we're in right now. lizy: manus doing his best to challenge him to go to an i.p.o. right off the table. we go to into the interview with the -- well, at cop 23 in dubai. it's announced new finance and partnerships at this year's su summit. they're working on the envoy for climate. senator john kerry and bloomberg's jennifer's interview
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now in dubai. jen? jennifer: i'm pleased to be talking our c.e.o. >> ghana is making a very strong case. this cop 28. we are trying to raise the necessary funding to fund and propel our climate actions in ghana. and therefore, on the sideline in the general assembly. we launched our country package, which is that resilient ghana. unfortunately, for canada, and u.s. have all committed -- and a private institution have
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committed it which is some good funding. so we're having a good cop year >> you're going to be meeting with secretary kerry? >> yes, we're going to work out the details. we signed an emissions reduction agreement which is under the leaf coalition for $50 million. the singaporeans are trying to work out where they will make it available full of funding to propel them and the climate action. >> and the u.a.e. has committed 4.5 billion to african continent is ghana receiving some funds as a part of that commitment? >> resilient ghana is a separate package from all that we're trying to source. but the u.a.e. are loudable. we want to top into all that. the leaf coalition which is we signed a letter of intent last
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year. this year, we've been able to sign an emissions reduction agreement and they're trying to raise $1 billion what is important for us in ghana to mobilize tall funding across carbon market, the leaf coalition, the u.a.e. under taken resilient ghana. all of those. so we can have the funding to be able to contribute to the change. >> a lot of the discussion around this has been the significant amount of resource and minerals that africa possessions in addition to ghana as well and the government recently approved a new policy for green minerals in order to extract more benefits. can you talk to us about the difference? rough >> all of that, our president
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and his government have insisted that we treat them differently than all of the minute also in the past, which is the policy on the management like exploitation in our country. lithium includive -- we sessioned some deals. but we've done all of that in a man their is different from what you've done in the past. most importantly, the only difference is that we're retaining the highest of the value chain -- >> how do you remain competitive? because there are a number of other countries who are having exorbitant -- i mean, higher price. are ghana is hard have good investment in the country. the legislation -- the policy and legal framework within we are managing our funeral
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resources is one of the -- mineral resources one of the strongest you can find in the world. rule of law and all of those and more importantly clarity and sankity of cracks. and so if you bring our investment into ghana, you are setting that your investment is secured, return on investment will be good. so ghana is very competitive. lizz:: so no concern. >> they shouldn't be. >> we have to leave it there that's ghana minister samuel jinapo. thank you for being here. lizy? lizzy: it's the rounder of the u.s. jobs report. it's the find bit of datand we are expecting a rise for payroll but for unemployment to hold steady. we'll have full coverage right here on bloomberg tv. you're going to get a lot more
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analysis next on markets today. mark cudmo re join us next. you are likely to get some data from barkley. generally they gain after house prices are rising some of we'll keep an eye on that so all of that analysis coming up next on marks today with anna and mark. stay with us for that. this is bloomberg.
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