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Jan 26, 2024
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. >>> the ecb keeps rates steady and says inflation is returning to target while christine lagarde isalking about her record the vice president of the ecb trade union joins us at 10:30 cet. >>> good morning happy friday we start today's show looking at the luxury sector. this is because european luxury stocks are higher today after lvmh topped expectations in the fourth quarter results barclays raised its rating for the luxury sector to overweight. lvmh posted a 10% rise in fourth quarter sales which was boosted by strong demand for fashion around the world in asia, it reported 13% organic revenue growth we have charlotte with more on the story. charlotte, what made the results so good that they are boosting the sector >> all eyes on lvmh. the bellwether to a certain extent certainly all eyes on lvmh. we show it is above expectation. there is resilience for luxury sales up 10% in q4 asia is up 15% we are showing theimportance o the chinese consumer the one key number is the one coming from the u.s. with revenue up 8%. they had a rough quarter in q1 and q2 this will be very about news
. >>> the ecb keeps rates steady and says inflation is returning to target while christine lagarde isalking about her record the vice president of the ecb trade union joins us at 10:30 cet. >>> good morning happy friday we start today's show looking at the luxury sector. this is because european luxury stocks are higher today after lvmh topped expectations in the fourth quarter results barclays raised its rating for the luxury sector to overweight. lvmh posted a 10% rise in...
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Jan 17, 2024
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inflation numbers and what christine lagarde said in davos.m wondering how european assets should understand that data? it did not seem like we would be looking at any broad-based stimulus anytime soon. dirk: i think the data was good. analysts had expected a touch more than 5%. the news that hit the market was -- property sector and also the day before with the trump news. altogether, chinese stocks declined once again. yeah, the data is not that that -- not that bad. guy: if china recovers, if we get significant stimulus, is europe, germany, sweden, the one to play on that trade? do you not go to china to invest? do you go to europe because that is where you will see that affect? is that what is going to happen here? or are china and germany starting to the couple in terms of their cycles? dirk: both are true. you see some decoupling to some extent, especially in germany. i think that will take years and years. we will see a positive effect -- that is better. that will be reflected in germany. but we think that the make is may be stronger if
inflation numbers and what christine lagarde said in davos.m wondering how european assets should understand that data? it did not seem like we would be looking at any broad-based stimulus anytime soon. dirk: i think the data was good. analysts had expected a touch more than 5%. the news that hit the market was -- property sector and also the day before with the trump news. altogether, chinese stocks declined once again. yeah, the data is not that that -- not that bad. guy: if china recovers,...
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Jan 25, 2024
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of course, christine lagarde's important press conference starting at 2:00 p.m.et. >>> let's turn to the ifo data with clements. the numbers do suggest that german business numbers have turned negative. tell us what is behind this number >> good morning. it is a setback and it is coming this time from the services sector primarily in manufacturing, the data, incoming data, was better. ing manufacturing companies are telling us their business situation is improving slightly. it is a stabilization. it has been bad in several months, but it is stabilizing at the moment there is bad news from services and retail and construction has been bad for some time it seems that the positive outlook, the expectation that interest rates may come down and wages are growingdoesn't reall encourage companies at this moment they seem to be irritated by other things by policy uncertainty. overall uncertainty has increased. this is something we see in the data >> i noticed you also recently cut your gdp forecast for the german economy for 2024. elaborate on what you just described the
of course, christine lagarde's important press conference starting at 2:00 p.m.et. >>> let's turn to the ifo data with clements. the numbers do suggest that german business numbers have turned negative. tell us what is behind this number >> good morning. it is a setback and it is coming this time from the services sector primarily in manufacturing, the data, incoming data, was better. ing manufacturing companies are telling us their business situation is improving slightly. it is...
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Jan 25, 2024
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the news conference with ecb president christine lagarde half an hour later. the day ahead, a couple of items for your agenda. when it comes to the health of the german economy, that ties into the ecb story, we get the german ifo sentiment survey later today. for the month of january, the climate survey is expected to edge marginally higher after falling last month. when it comes to the u.s., gdp is expected out later today. you are expected to see a 2% in crease quarter on quarter for the fourth quarter. bloomberg economics things the u.s. is already in some form of recession. on the corporate front, building up the semiconductor picture, we do have fourth-quarter earnings from intel. a big question for investors is will they have the confidence to provide a full-year forecast, and how much progress are they making catching up the likes of nvidia when it comes to ai chips? intel q4 earnings out later today. plenty more coming up. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe." the u.s. federal reserve is raising the rate on loans to ba
the news conference with ecb president christine lagarde half an hour later. the day ahead, a couple of items for your agenda. when it comes to the health of the german economy, that ties into the ecb story, we get the german ifo sentiment survey later today. for the month of january, the climate survey is expected to edge marginally higher after falling last month. when it comes to the u.s., gdp is expected out later today. you are expected to see a 2% in crease quarter on quarter for the...
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Jan 25, 2024
01/24
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do we get a christine lagarde who repeats.tion when it comes to a potential cut and do we get that kind of repeated pushback that this is not a q1 situation and markets should wade just wait like the central bank wants them to. all the way to potentially june. >> i would love you to weigh in on the financial conditions part. they did highlight forcefully transmitting policy here in the u.s. financial conditions have eased in about two years on the heels of some comments from jay powell. how much is this of concern to the ecb officials you speak to. the markets getting ahead of the ecb will make it that much more difficult for the ecb to cut rates on the timeframe they might want to. >> the fact that they get this in the statement reflects we had that survey two days ago so they basically say with the survey said which is tighter financing conditions but beyond that for them the press conference will be successful. if they manage to align their language with the market pricing. you did hear from the ecb and not just but a huge
do we get a christine lagarde who repeats.tion when it comes to a potential cut and do we get that kind of repeated pushback that this is not a q1 situation and markets should wade just wait like the central bank wants them to. all the way to potentially june. >> i would love you to weigh in on the financial conditions part. they did highlight forcefully transmitting policy here in the u.s. financial conditions have eased in about two years on the heels of some comments from jay powell....
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Jan 31, 2024
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christine lagarde says there is consensus the bank next move will be a cut. wage data will be crucial for timing. plus tech earnings failed to fire. the magnificent seven slide as alphabet and microsoft results leave investors underwhelmed. we have lines crossing now from the drugmaker listed in switzerland, novartis. fourth-quarter net sales coming in slightly below the estimates. 11.4 2 billion u.s. dollars. the estimates had been 11.6 billion. a slight miss on net sales. core eps a, below estimates at 1.53 u.s. dollars. for the fourth quarter versus the estimates of 1.66. the full year dividend per share of 3.3 swiss francs. that is the top line coming through from novartis. net sales and core eps slightly below the estimate. we are also going to talk about what's been coming through from santander. earnings came through in 15 minutes ago. before we get them, we are going to be speaking to executives at of course novartis, the ceo at 7:30 u.k. time. so let's get to the santander members as well now. the red headline coming through, a big retail exposure. f
christine lagarde says there is consensus the bank next move will be a cut. wage data will be crucial for timing. plus tech earnings failed to fire. the magnificent seven slide as alphabet and microsoft results leave investors underwhelmed. we have lines crossing now from the drugmaker listed in switzerland, novartis. fourth-quarter net sales coming in slightly below the estimates. 11.4 2 billion u.s. dollars. the estimates had been 11.6 billion. a slight miss on net sales. core eps a, below...
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Jan 24, 2024
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have they crossed christine lagarde's desk?ething to pay attention to or a corporate story? >> it will be a macroeconomic story but in europe, the tension will translate into profits because what surveys are showing is that the situation is worsening, but there is little increasing pricing power. there were some cracks in appetite so when you think how tight conditions are and how feeble is domestic demand, you will see corporate profits beginning to slow. and that will allow the ecb to cut and signal a dovish direction. kriti: in terms of direction doesn't it matter that the ecb and federal reserve may diverge? there was concern about diverging from the boj. even the boe, there was concern that central banks are not on the same page. is there that dynamic between the ecb in the fed? >> this is relevant from two aspects. u.s. economy is stronger in terms of trend. better demographics, better exposure to technology, digitalization, the economy is delivering productivity, so it can sustain higher growth, even though easing is nec
have they crossed christine lagarde's desk?ething to pay attention to or a corporate story? >> it will be a macroeconomic story but in europe, the tension will translate into profits because what surveys are showing is that the situation is worsening, but there is little increasing pricing power. there were some cracks in appetite so when you think how tight conditions are and how feeble is domestic demand, you will see corporate profits beginning to slow. and that will allow the ecb to...
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Jan 26, 2024
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that christine lagarde did not push against market pricing.ried about financial conditions when they are saying you can get credit easily. it gives you a sense of how things have shifted. jonathan: equity futures on the s&p negative by 0.1% after the longest winning streak of the year so far. yields higher by have a basis point on the 10 year for 1239. later on we will have pimco's tiffany wilding and we will touch base with ellen wald on the ev debate. annmarie: the administration is kicking the can down the road with lng exports. with individuals that one of the climate side to when, but did made a pledge to the europeans that we will supply lng. this will not impact lng leaving today but it since the sentiment to that market. jonathan: the biden administration appearing to declare victory over inflation. >> we have seen turnaround the sentiment index has moved out quite a lot. inflation is now near term close to the lowest levels we have seen in the survey. i think americans do believe that inflation is under control. jonathan: secretary el
that christine lagarde did not push against market pricing.ried about financial conditions when they are saying you can get credit easily. it gives you a sense of how things have shifted. jonathan: equity futures on the s&p negative by 0.1% after the longest winning streak of the year so far. yields higher by have a basis point on the 10 year for 1239. later on we will have pimco's tiffany wilding and we will touch base with ellen wald on the ev debate. annmarie: the administration is...
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Jan 12, 2024
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kriti: christine lagarde and loretta mester both talking about rate cuts and their timing. of that could change in view of the geopolitics we are saying. coverage of our top two stories. in a moment, we will get to the latest on south africa's efforts on a legal ruling on israel's actions in gaza. american m british forces have launched airstrikes on more than 60 houthi targets in yemen. the groups have launched weeks of attacks on commercial boats in the red sea. talk to us about the houthi response and what escalation looks like from here. >> what we have at the moment is a statement through the television network suggesting they will continue attacking israeli ships or any ships bound for israel from the attacks that we saw yesterday. it goes on to show that a potentially significant amount of the houthis ability to attack us on the red sea and the strait of hormuz -- they have been degraded but have they been disabled? that is a different question. the houthis have shown over the years that they can deal with this. they are remarkably agile. in terms of combat in the op
kriti: christine lagarde and loretta mester both talking about rate cuts and their timing. of that could change in view of the geopolitics we are saying. coverage of our top two stories. in a moment, we will get to the latest on south africa's efforts on a legal ruling on israel's actions in gaza. american m british forces have launched airstrikes on more than 60 houthi targets in yemen. the groups have launched weeks of attacks on commercial boats in the red sea. talk to us about the houthi...
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Jan 19, 2024
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including panelists christine lagarde and christian lindner making another appearance.t something you want to tune into as we talk about the interest rate dynamic. i want to get to other story starting in the united states. jp morgan raised ceo jamie dimon's pay to $36 million after it recorded the highest profit in the history of american banking. his total pay is up 4.3% from 2022, with a $1.5 million salary and the rest coming as performance-based incentives. jp morgan's revenue last year was just short of $50 billion. all street bosses at davis are predicting m&a deals will pick up as the fed brings rates down. morgan stanley ceo ted pick says morgan stanley will be prudent and predict ability is good for investment banking. david rubenstein sees he will be shocked if the fed doesn't cut rates by march. sticking with wall street, bloomberg learned that ubs plans to sell credit suisse pasta strat debt business piecemeal after failing to attract enough interest from a single bitter. credit suisse ought to exit the business last year in an attention to shore up confide
including panelists christine lagarde and christian lindner making another appearance.t something you want to tune into as we talk about the interest rate dynamic. i want to get to other story starting in the united states. jp morgan raised ceo jamie dimon's pay to $36 million after it recorded the highest profit in the history of american banking. his total pay is up 4.3% from 2022, with a $1.5 million salary and the rest coming as performance-based incentives. jp morgan's revenue last year...
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Jan 23, 2024
01/24
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lagarde, has come under attack from her own staff.alf say they think lagarde is performing �*poorly�* or �*very poorly�* as she passes the mid—way point of her 8—year term of office. that's well above the negative ratings of her two predecessors, mario draghi and jean—claude trichet. she has been criticised for straying too frequently into politics. but the ecb has responded by attacking the survey and finding fault in its methodology. live now to dan kemp, chief research and investment officer at morningstar. good morning to you. i do remember when she was in charge of the imf, she was often criticised because she is not an economist and her background is politics. an economist and her background is olitics. ,, an economist and her background is olitics. ., ., is politics. your thoughts? yes, is politics. your thoughts? yes. we — is politics. your thoughts? yes. we are _ is politics. your thoughts? yes, we are always - is politics. your thoughts? i yes, we are always criticising central bankers. constant speculation about what they'r
lagarde, has come under attack from her own staff.alf say they think lagarde is performing �*poorly�* or �*very poorly�* as she passes the mid—way point of her 8—year term of office. that's well above the negative ratings of her two predecessors, mario draghi and jean—claude trichet. she has been criticised for straying too frequently into politics. but the ecb has responded by attacking the survey and finding fault in its methodology. live now to dan kemp, chief research and...
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Jan 22, 2024
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the focus will be on christine lagarde.aking to bloomberg in davos last week she said it is possible the rate cuts could be expected of the summer. >> i have to be reserved. we are also saying that we are military dependent and there is still some indicators that are not anchored properly. and we would like to see them. >> the head of the ecb there, they are laying the groundwork in the summertime. what does that mean for the market? >> yes. a great interview last week between the head of the ecb and francine lacqua in davos. it really does change all this. hobbies that she cannot commit to a two way i. she said all this is very likely. she now sets a timeline for the european central bank where they are pushing the conversation to a summer that would be around the june meeting. this is about a number of central-bank earners last week they came out in force. all this against the market expectations. they believed a lot of the calls were all over the place. perhaps the market was running too hot and had run ahead of itself.
the focus will be on christine lagarde.aking to bloomberg in davos last week she said it is possible the rate cuts could be expected of the summer. >> i have to be reserved. we are also saying that we are military dependent and there is still some indicators that are not anchored properly. and we would like to see them. >> the head of the ecb there, they are laying the groundwork in the summertime. what does that mean for the market? >> yes. a great interview last week between...
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Jan 18, 2024
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>> no, think had lunch with christine lagarde sitting next to me, so, you know, i guess, inflation is down a bit gentleman right. >> in europe. you know with the fed, you never know what is going to happen. usually take a conservative position, their numbers don't show inflation as low as our numbers show at blackstone, is to i instinctively think there will be more conservative whether starts in the second half, i thought some frenzy over march was -- was actually somewhat unbalanced. . >> 11 rate hikes i am wondering if we have seen full effect of these rate hikes 11 rate hikes key got december housing data moments ago starts up 1.4 million, building permits up to 1.459 million, but journal is writing that more than 2.2 trillion dollars in commercial real estate debt coming due i am sure you saw piece yesterday, yesterday chairman and ceo of kanter fitzgerald was here not expecting good news on that front this year watch this i got to get your reaction. >> real estate equity reits going to be in trouble a lot of them getting wiped out so many i think 700 billion dollars could defaul
>> no, think had lunch with christine lagarde sitting next to me, so, you know, i guess, inflation is down a bit gentleman right. >> in europe. you know with the fed, you never know what is going to happen. usually take a conservative position, their numbers don't show inflation as low as our numbers show at blackstone, is to i instinctively think there will be more conservative whether starts in the second half, i thought some frenzy over march was -- was actually somewhat...
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Jan 26, 2024
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traders aping up their bets on ecb rate cuts after christine lagarde said she stood by previous remarks around the timing of possible cuts alluding to the summer. she was speaking following the central bank decision to hold its deposit rate at 4% for a third meeting. >> the consensus around the table of the governing council was that it was premature to discuss rate cuts. in addition to that i typically stand by my comments. we had to continue to be data-dependent. rather than being fixated on any kind of particular calendar which would be data-dependent, we reaffirmed our data dependency. kriti: i am joined by zoe stay vice. talk to us about the timing. why june? why is that what traders and the ecb are targeting? >> there are a few reasons. first of all wage data. probably it will not be available until the end of april which means the april rate decision is too early for that. that would push .2 june. the second reason is economic forecasts. those only come out once a quarter and that would be june. thirdly, the red sea. the situation has the danger of again pushing up inflation. rig
traders aping up their bets on ecb rate cuts after christine lagarde said she stood by previous remarks around the timing of possible cuts alluding to the summer. she was speaking following the central bank decision to hold its deposit rate at 4% for a third meeting. >> the consensus around the table of the governing council was that it was premature to discuss rate cuts. in addition to that i typically stand by my comments. we had to continue to be data-dependent. rather than being...
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Jan 31, 2024
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here is christine lagarde.own with our very own richard quest. >> i've read your words on what you said about the election of donald trump. >> uh-huh. >> very carefully. >> uh-huh. >> and at one level it's an impeachable, pardon the phrase, in the sense that you were merely stating the obvious. if he's elected, he has a range of policies that would be very difficult for the european values. but the fact that you said it, the mere fact that you said it, where most people are running for the hills to say nothing controversial. do you regret saying that? >> no, i don't. >> is he that much of a threat to european values? >> i don't. first of all, i think being constantly politically correctly and perfect in that respect is a risk of not seeing the reality and preparing for it. and i think that if you look at what those years were when trump -- when mr. trump was president of the united states, looking at his program now, shouldn't prevent you from understanding that there could be threats and there could be issues
here is christine lagarde.own with our very own richard quest. >> i've read your words on what you said about the election of donald trump. >> uh-huh. >> very carefully. >> uh-huh. >> and at one level it's an impeachable, pardon the phrase, in the sense that you were merely stating the obvious. if he's elected, he has a range of policies that would be very difficult for the european values. but the fact that you said it, the mere fact that you said it, where most...
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Jan 22, 2024
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we joked about how any times we have heard from christine lagarde.ack we saw politically from a central bank president last week against what was happening politically, not in europe, but in america over the next 10 months, 11 months. lisa: talking about how it is going to be really negative for the euro region of donald trump becomes the u.s. president again. there is this question of how much of this is a policy issue that has to do with investing in europe and rightsizing technological investments, etc. it does raise a question -- how she is going to frame this in a press conference. inevitably, someone is going to ask her aside from rate cuts, what are you looking at and how do you respond to a potential policy uncertainty in the u.s.? jonathan: she is going to say it is about monetary policy today. i think it is going to be difficult. i want to go how we started in the world economic forum. we started talking about how broken the european model was, the dependence on energy from russia, growth on china and defense from the united states. we saw
we joked about how any times we have heard from christine lagarde.ack we saw politically from a central bank president last week against what was happening politically, not in europe, but in america over the next 10 months, 11 months. lisa: talking about how it is going to be really negative for the euro region of donald trump becomes the u.s. president again. there is this question of how much of this is a policy issue that has to do with investing in europe and rightsizing technological...
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Jan 17, 2024
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lisa: christine lagarde think so. it means more nationally focused, more tariffs, more investment in fossil fuels and things like that. at this point, do we see a rally or is there a new deficit? anne: trump -- anne-marie: trump loved to spend. 8 trillion dollars under his administration. to say that republicans want to rein in the deficit that isn't always true. the protectionism is the concern of europeans and members here. jonathan: we were super fearful of treasury markets. is that part of the campaign outside of nikki haley? anne-marie: hawks within the republican party and hotshot donors are interested in what she has to say because they are watching this and it comes back to this stat. in 12 years the united states will pay more on their interest payments within then their massive defense budget. this is a problem that washington loves to talk about but no one wants to get down to the nitty-gritty and deal with. lisa: voters do not want their social security or medicaid cut. if you don't have discussion around
lisa: christine lagarde think so. it means more nationally focused, more tariffs, more investment in fossil fuels and things like that. at this point, do we see a rally or is there a new deficit? anne: trump -- anne-marie: trump loved to spend. 8 trillion dollars under his administration. to say that republicans want to rein in the deficit that isn't always true. the protectionism is the concern of europeans and members here. jonathan: we were super fearful of treasury markets. is that part of...
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Jan 26, 2024
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lagarde’s press conference.e the math. that the head of the european central bank spoke in a calming tone and now estimates the probability of the first rate cut in april at 90%. for the whole year , monetary easing should be 141 basis points; lagarte herself hinted at summer rather than spring, but some of her phrases about the weakness of the european economy prompted the market to the idea that assistance to the real sector in the form of cheaper loans will be needed earlier. the euro economy is likely to stagnate in the last quarter of 2023 . incoming data continues to signal weakness in the short term. in terms of activity, we see only persistently weak data. look at industrial production, it has continued to decline. look at retail sales, they have remained weak. the us state department recognized the effectiveness of russia’s economic policy, and only one was forced to do so one of our country's most ardent opponents. assistant secretary of state james o'brien. the assessment was made in washington during
lagarde’s press conference.e the math. that the head of the european central bank spoke in a calming tone and now estimates the probability of the first rate cut in april at 90%. for the whole year , monetary easing should be 141 basis points; lagarte herself hinted at summer rather than spring, but some of her phrases about the weakness of the european economy prompted the market to the idea that assistance to the real sector in the form of cheaper loans will be needed earlier. the euro...
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Jan 19, 2024
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thursday, ecb decision and christine lagarde's new conference along with a key u.s. gdp data point.ed is preferred gauge of inflation, pc deflator. we will see the pc deflator may be flat payment 2.6%, but the court is expected to drop to 3% from 3.2%. we will keep our eyes on that month over month changes of .2%. remember, this is the last big data point that we will see before that big fed decision. a lot riding on what is happening over here. from new york, that does it for us. tune in next week for a new time, noon eastern. that is where you can find us every friday. for now, this is "bloomberg real yield." this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> welcome to bloomberg markets. sonali: let's get a quick check on the markets. the s&p 500 in record territory. 4825 up on the day. 10 year yields. higher this week. we see the pace increases
thursday, ecb decision and christine lagarde's new conference along with a key u.s. gdp data point.ed is preferred gauge of inflation, pc deflator. we will see the pc deflator may be flat payment 2.6%, but the court is expected to drop to 3% from 3.2%. we will keep our eyes on that month over month changes of .2%. remember, this is the last big data point that we will see before that big fed decision. a lot riding on what is happening over here. from new york, that does it for us. tune in next...
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Jan 4, 2024
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can we say how much of a cover jay powell has given to christine lagarde. could say nothing and be looked at as the winner after jay powell came out with a message. all she had to do was adhere to the vague message that nobody believed in the euro would get a boost and they would have some sort of lack of drama. tom: i do think that is a convenience that we have that governor bailey is on the red phone talking to jerome powell in washington. but, lagarde is completely distracted of manufacturing in germany and the productivity of germany which is a change then when it was five to seven years ago. that looms a lot larger and then historic inflation battle as well. jonathan: the business model of the country, you mentioned it. could we rethink passive in europe about how to best to move forward. coming up shortly, bloomberg intelligence on china. equity futures and the s&p just about unchanged. from new york, this is bloomberg. ♪ the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just go
can we say how much of a cover jay powell has given to christine lagarde. could say nothing and be looked at as the winner after jay powell came out with a message. all she had to do was adhere to the vague message that nobody believed in the euro would get a boost and they would have some sort of lack of drama. tom: i do think that is a convenience that we have that governor bailey is on the red phone talking to jerome powell in washington. but, lagarde is completely distracted of...
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Jan 16, 2024
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jonathan: in many ways, davos started last week on friday with christine lagarde took french tv.hat set the tone for conversations through all of this week. annmarie: trump is not just dominating in iowa, he's dominating the conversations here because europe, even though they had for years to prepare for potentially another trump 2. 0 administration, they are running on -- around almost panicked. >> talk about the substance. president lagarde is essentially saying that the former president if he becomes the next president is going to be a threat to european goals. climate, nato, etc. what has europe done for america recently? what has europe done for the united states and the white house? i'm thinking of several key areas. we could talk about china, we could talk about nato. what happens to military spending for europe across the last 10 years? to your point, they had four years to meet that task. lisa: feels like you are buying into the message of rebuilding trust which is the theme of this year's meeting. are we seeing a splintering in that order that is really highlighting som
jonathan: in many ways, davos started last week on friday with christine lagarde took french tv.hat set the tone for conversations through all of this week. annmarie: trump is not just dominating in iowa, he's dominating the conversations here because europe, even though they had for years to prepare for potentially another trump 2. 0 administration, they are running on -- around almost panicked. >> talk about the substance. president lagarde is essentially saying that the former...
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Jan 18, 2024
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. >> who better to get comment on this then christine lagarde? >> i would say it is likely. but i have to be reserved. we are also saying we are data-dependent. there are some indicators that are not anchored at the level we would like to see them. >> it is a very differentiated region. where does this all leave us? ? >> we think germany will continue to be challenged. there are cyclical challenges and structural challenges. we think germany is facing both of these. that is wage growth in europe. we are seeing some early signs that inflation is starting to bottom and pick up. so i understand her caution. we want to caution investors about the optimism for aggressive weight cuts. >> what of these bonds pricing in at? >> they are fair. in terms of the european rate cuts, we would be surprised to see more than a couple of those. they will focus on that even if it means lower than expected growth of moving forward. >> you have a belief that this will be shaped by economic and geopolitical forces. the bond market tells you everything. tell us what it is saying now. >> we saw bond
. >> who better to get comment on this then christine lagarde? >> i would say it is likely. but i have to be reserved. we are also saying we are data-dependent. there are some indicators that are not anchored at the level we would like to see them. >> it is a very differentiated region. where does this all leave us? ? >> we think germany will continue to be challenged. there are cyclical challenges and structural challenges. we think germany is facing both of these. that...
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Jan 22, 2024
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christine lagarde of the european central bank said he posed a threat to europe.gues that trump is the biggest global threat of 2024. what i'm saying is that if you look at the facts, if you study the real state of affairs, i think there is reason to argue that if donald trump does the right thing and continues american support for ukraine, then at least perhaps a trump presidency will be a blessing for america around the world. this one is like this. winson churchel on minimum wage, a man who, well, in general , shitted himself in every post he ever held, is personally guilty of the death of millions of ukrainians, personally, it’s his fault, here he is personally, you’ve seen these, compare with concessions of our leaders, that's what today sergei vittorich lavrov spoke at the meeting. indulge their fantasies about overcoming the legacy of the destructive ten-year plunder of the country of violence against its people, about eliminating the causes of the tragic situation for ukraine, all other supposedly peaceful plans, platforms, formulas, with which the kiev re
christine lagarde of the european central bank said he posed a threat to europe.gues that trump is the biggest global threat of 2024. what i'm saying is that if you look at the facts, if you study the real state of affairs, i think there is reason to argue that if donald trump does the right thing and continues american support for ukraine, then at least perhaps a trump presidency will be a blessing for america around the world. this one is like this. winson churchel on minimum wage, a man who,...
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Jan 17, 2024
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does christine lagarde follow the lead of jay powell? that will be a question that will be asked.ns us in just a few minutes. that conversation coming up at about 7:00 a.m. london time. 2:00 a.m. if you are in new york. this is bloomberg. ♪ hi, i'm janice, and i lost 172 pounds on golo. when i was a teenager i had some severe trauma in my life and i turned to food for comfort. a friend told me that i was the only one holding me back from being as beautiful on the outside as i am the inside. once i saw golo was working, i felt this rush, i just had to keep going. a lot of people think no pain no gain, but with golo it is so easy. when i look in the mirror, i don't even recognize myself. golo really works.
does christine lagarde follow the lead of jay powell? that will be a question that will be asked.ns us in just a few minutes. that conversation coming up at about 7:00 a.m. london time. 2:00 a.m. if you are in new york. this is bloomberg. ♪ hi, i'm janice, and i lost 172 pounds on golo. when i was a teenager i had some severe trauma in my life and i turned to food for comfort. a friend told me that i was the only one holding me back from being as beautiful on the outside as i am the inside....
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Jan 31, 2024
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lagarde.nse, if you look at it that way, is offense. and to attack correctly. to you you need to be strong at home, so being strong means having a deep market, having a true single market. a relatively new topic for the forum was the so-called disease x. according to some experts, it can surpass the coronavirus in scale. amid concerns, experts were puzzled by questions of how to prepare for the next pandemic, while at the forum they urged not to confuse preparation with panic. in addition to health issues and a peace formula that was never found, the participants. it is obvious that in any european a politician who will abandon the general line, and the general line sounds like this, support for ukraine at any cost, pressure will be exerted, and the pressure is very strong, and recognizing the persistence of mr. orban and the initially very tough position of mr. feco in slovakia, yes, we must say, that it’s hard for them, their opinion is, well... not at all mainstream, but if, say, from the b
lagarde.nse, if you look at it that way, is offense. and to attack correctly. to you you need to be strong at home, so being strong means having a deep market, having a true single market. a relatively new topic for the forum was the so-called disease x. according to some experts, it can surpass the coronavirus in scale. amid concerns, experts were puzzled by questions of how to prepare for the next pandemic, while at the forum they urged not to confuse preparation with panic. in addition to...
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Jan 15, 2024
01/24
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we will also be tracking the three scheduled appearances from christine lagarde. the scope of what she can say is probably going to narrow as the blackout period starts on thursday ahead of the rate decision on january 25. we will keep you entertained with a roster of a-list interviews. coming up we have philipp hildebrand, the coin-based cfo and the norwegian wealth fund cio. busy news and interviews to come out of davos. away from the alpine luxury, a lot of economic data. tomorrow we got the latest german cpi ratings. expecting german inflation to hold steady on the monthly and annual basis. on thursday -- wednesday, we got a lot of data out of china. a particular focus on gdp especially after the surprise hold from the pboc. watch out for an upside surprise. that is what is on the docket for the week. for a round up of the stories you need to know to get your day going i suggest you had to the daybreak newsletter. today they lead on the pboc surprise hold they also have baidu plunging the most in more than a year after a china post report linked to its ai plat
we will also be tracking the three scheduled appearances from christine lagarde. the scope of what she can say is probably going to narrow as the blackout period starts on thursday ahead of the rate decision on january 25. we will keep you entertained with a roster of a-list interviews. coming up we have philipp hildebrand, the coin-based cfo and the norwegian wealth fund cio. busy news and interviews to come out of davos. away from the alpine luxury, a lot of economic data. tomorrow we got the...
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Jan 17, 2024
01/24
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christine lagarde talking about pushing back expectations to the summer. sort of canceling out process. a lot of chat in the euro zone about rate cuts. i'm wondering what else is moving these markets at the moment. i'm wondering whether it is the donald trump victory in iowa? bruce: it is a long way to november 5. if you are president biden or donald trump, we will see how that plays out. it is a long way away. the smart investor has to start giving consideration to a trump victory based on what they saw in iowa. as much as you have to give consideration to biden being reelected, either one could happen. probably talking about what the playbook is, if trump is elected. alix: it years ago isn't going to cut it. bruce: that doesn't quite cut it, i agree with you. has the man really changed? what he believes in is lower corporate taxes. 35% became 21%. one of the stronger cabinet members he had was steve mnuchin , treasury secretary. he will be back. the top for that post. he did a great job. he did a really good job. if he had a do over i think lower rates w
christine lagarde talking about pushing back expectations to the summer. sort of canceling out process. a lot of chat in the euro zone about rate cuts. i'm wondering what else is moving these markets at the moment. i'm wondering whether it is the donald trump victory in iowa? bruce: it is a long way to november 5. if you are president biden or donald trump, we will see how that plays out. it is a long way away. the smart investor has to start giving consideration to a trump victory based on...
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Jan 29, 2024
01/24
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the comments come just days after christine lagarde said there was consensus at last week's meeting andt it was premature to discuss cuts. let's get back to the corporate earnings story. speaking to me earlier, they also spoke about the recent troubles at boeing. he said the carrier plans to continue working with the company. >> i was in seattle couple books ago. i met this managing team. we were reasonably comfortable that we will get them there for the summer. that means that next year we will fly somewhere close. i am pleased there are 50 aircraft in the fleet. >> all right, let's bring in the global aviation reporter who is coming to us out of dubai. how much concern is there? they have lowered their guidance . not hugely but lower than expected. >> they look to assess how demand is playing out. the fourth quarter is typically the weakest quarter for ryanair which makes most of their money during the peaks. in terms of how demand plays out over the next 12 months is key to what ryanair invested in. especially with them talking about higher fuel prices. and the impact of lower fares
the comments come just days after christine lagarde said there was consensus at last week's meeting andt it was premature to discuss cuts. let's get back to the corporate earnings story. speaking to me earlier, they also spoke about the recent troubles at boeing. he said the carrier plans to continue working with the company. >> i was in seattle couple books ago. i met this managing team. we were reasonably comfortable that we will get them there for the summer. that means that next year...
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Jan 25, 2024
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here's its president, christine lagarde.ation returns to our 2% medium term target in a timely manner. based on our current assessment we consider that the key ecb interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contributor to this goal. our future decisions will ensure that our policy rates will be set at sufficiently restrictive levels for as long as necessary. economist lorenzo codogno told me earlier he doesn't see the ecb dropping rates anytime soon. i think it is a gradual process. the president was trying to kind of move expectations back in line with the likely path of interest rates that is probably stable for a few months at least. in my view it would take longer than most people expect to see the ecb cutting rates. we have just been talking about the us economy which has remained remarkably resilient in the face of its high interest rates but many european economies are in a pretty precarious situation, the ecb will undoubtably be keeping a forensic eye on wh
here's its president, christine lagarde.ation returns to our 2% medium term target in a timely manner. based on our current assessment we consider that the key ecb interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contributor to this goal. our future decisions will ensure that our policy rates will be set at sufficiently restrictive levels for as long as necessary. economist lorenzo codogno told me earlier he doesn't see the ecb dropping...
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Jan 19, 2024
01/24
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that was christine lagarde. speaking earlier about former president donald trump. as the republican and democratic primaries are set to take place in new hampshire next week. kailey leinz joins us now. how does nikki haley need to do in new hampshire to keep us on the rails? kailey: theoretically she needs to perform strongly in new hampshire after coming in third in iowa. it seems like she and some of her surrogates are trying to lower the bar. the new hampshire governor said they need a strong second-place showing. in a cnn town hall she suggested she needed to perform strongly. they are not trying to set the bar at outright winning in new hampshire. recent polling could be the reason why. a poll shows trump at 52% and nikki haley at 35%. she is 17 points behind and that is a pretty wide gap to close. alix: what constitutes a win? how much she beats ron desantis or the range she is within trump? kailey: probably more so how close she can get to trump in the granite state knowing the makeup of the demographic of voters is quite different than in iowa. a lot more m
that was christine lagarde. speaking earlier about former president donald trump. as the republican and democratic primaries are set to take place in new hampshire next week. kailey leinz joins us now. how does nikki haley need to do in new hampshire to keep us on the rails? kailey: theoretically she needs to perform strongly in new hampshire after coming in third in iowa. it seems like she and some of her surrogates are trying to lower the bar. the new hampshire governor said they need a...
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Jan 17, 2024
01/24
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lagarde says making by making decisions, slowing down has not gone to target it is unlikely to go to wait until end of the year to see inflation, picking targets, also for united states. maria: why many think ecb will be first to cut interest rates as opposed to the fed. >> that could be, the red sea people changing shipping routes now that will be a inflationary. 50% world products go through red sea if they change that route will be inflationary much more costly to ship all over the world another for being a. >> mike wirth told us chairman ceo chevron considering a different alternative route you don't know how does that play into guidance advise talking with leading executives. >> make sure planning for every possibility, and you know again, strategic planning for all clients. >> tax changes what can you tell us in terms of what we could expect from the impacts on business. >> against on election year going forward we are seeing a lot of clients focus on making sure right expertise internally, externally seeing a ton of change out youing sourcing, enterprises like us prepared to d
lagarde says making by making decisions, slowing down has not gone to target it is unlikely to go to wait until end of the year to see inflation, picking targets, also for united states. maria: why many think ecb will be first to cut interest rates as opposed to the fed. >> that could be, the red sea people changing shipping routes now that will be a inflationary. 50% world products go through red sea if they change that route will be inflationary much more costly to ship all over the...
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Jan 21, 2024
01/24
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christine lagarde told us a demo so that the european central bank will cut rates later this year.ecisions we will be watching in canada, sri lanka and malaysia. other economic data to note as well, as we have been discussing we get china's loan crime rates in the u.s. from the preferred inflation measure on friday. as well as gdp figures. netflix and tesla are expected to report record corporate revenues, tesla's profitability continues to be hit by vehicle price cuts and watch earnings from asml and sk hynix lead optimism for the global chip industry. that is the week ahead. annabelle: let us stick with that outlook for tech because our next guest says that the sector, the magnificent seven, both very volatile in the early weeks of 2024. and very eventful year, joining us is rebecca, president of wolster wealth management. the opportunities are becoming tougher to find now? >> absolutely, i think the investors going into 2024 were ahead of it and expecting her to 50 basis point cuts over a six times even though the dot plot for the fed only showed three and you had the investors
christine lagarde told us a demo so that the european central bank will cut rates later this year.ecisions we will be watching in canada, sri lanka and malaysia. other economic data to note as well, as we have been discussing we get china's loan crime rates in the u.s. from the preferred inflation measure on friday. as well as gdp figures. netflix and tesla are expected to report record corporate revenues, tesla's profitability continues to be hit by vehicle price cuts and watch earnings from...
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Jan 20, 2024
01/24
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christine lagarde, very well known to the u.s. leet politics as well as in europe, she's basically broken ranks in a very surprising way. coming out and directly saying that trump would pose a direct threat to the europeanen continent and to the alliance if he was elected again. she specifically said just look at the trade tariffs. look at the commitment to nato. look at the fight against climate change. if only in these three areas in the past, american interests have not been aligned with european interests. and the commissioner says the u.s. is very concerned this trump wouldn't come because he said it to the aud of any nato nation that is invaded. do you detect any trump proofing? >> it deds on the leader. if if you're a leader who views their interest as closely aligned with trump, you can already see hedging of bets. people who style themselves in a way they think would be congruent with a future trump administration. an example of that potentially is in israel. it's easy to imagine in the coming months he might begin to thi
christine lagarde, very well known to the u.s. leet politics as well as in europe, she's basically broken ranks in a very surprising way. coming out and directly saying that trump would pose a direct threat to the europeanen continent and to the alliance if he was elected again. she specifically said just look at the trade tariffs. look at the commitment to nato. look at the fight against climate change. if only in these three areas in the past, american interests have not been aligned with...
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Jan 30, 2024
01/24
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christine lagarde has been tight about when she would entertain a cut. that's what it's needed -- is needed in europe especially with the fiscal situation not being good at all. saying that you have to cut back, you are over budget. so fiscal stimulus is not going to happen. you need to have monetary stimulus. it's up to the ecb right nowfor europe . annabelle: what do you think about the outlook for china and how it stimulates its own economy? we have seen the monetary side fairly limited and more push needed from the fiscal one. >> this is the first time in 12 months you have rumors of a big stimulus coming i know we got a -- know we got is a regulatory change. we are not seeing the big bazooka stimulus we used to see from china that we saw in 2015 with the china crash. people keep waiting for that. sentiment has turned sour in china. we are going to stop shortselling. as of monday, it will be harder to short the chinese market. these are really not the kinds of measures the indexes were looking for. you will see a lot of outflows out of china benefiti
christine lagarde has been tight about when she would entertain a cut. that's what it's needed -- is needed in europe especially with the fiscal situation not being good at all. saying that you have to cut back, you are over budget. so fiscal stimulus is not going to happen. you need to have monetary stimulus. it's up to the ecb right nowfor europe . annabelle: what do you think about the outlook for china and how it stimulates its own economy? we have seen the monetary side fairly limited and...
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Jan 22, 2024
01/24
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president christine lagarde told us the essential european bank is likely to cut rates later on thisr. other decisions we are watching will be from canada, sri lanka and malaysia. in a few hours we are going to get china's loan prime rates. in the u.s. we be watching for data from the fed's preferred inflation measure. that is on friday as well as fourth-quarter gdp figures. let's. ring in a senior economist at moody's analytics. a lot on the docket this week but i want to start in japan or we have the important central bank meeting. no change expected at this meeting. there is a sense of inevitability we are going to see rates normalize. when do you see that happening? >> our expectation is we will see a move in april. heading into the april move, the transparency around the bank of japan's decision-making will be critical. they have had this ultra accommodative monetary policy stance for some time should now we are talking about moving out of it to make sure it is in orderly transition we need to see the clear communication. paul: how far above zero can the boj go? >> our view is n
president christine lagarde told us the essential european bank is likely to cut rates later on thisr. other decisions we are watching will be from canada, sri lanka and malaysia. in a few hours we are going to get china's loan prime rates. in the u.s. we be watching for data from the fed's preferred inflation measure. that is on friday as well as fourth-quarter gdp figures. let's. ring in a senior economist at moody's analytics. a lot on the docket this week but i want to start in japan or we...
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Jan 12, 2024
01/24
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as we head to break, just want to listen in on what christine lagarde said about the fight against inflation and wages. >> i cannot give you a date, but if we win this battle, if we reach the 2% inflation target in 2025 and it is confirmed in the data in the months to come -- i'm being careful -- i'm very confident -- and the rate will start going down as soon as the data confirms the inflation path. ♪ >> consistent with that soft landing view, in the central case modeling obviously we always worry about the tail scenarios, is a very strong labor market. a very strong labor market means strong consumer credit. guy: but it also means the company is going to have to do with costs. that was jeremy speaking on the earnings call a short while ago. that brings us back to our question of the day. curb your earnings enthusiasm? joining us now, kokou agbo-bloua. companies are dealing with a number of factors right now and trying to figure out sector by sector, stock buy stock what is going on. there is still clearly a strong labor market. there is still clearly a strong cost input story. the red sea
as we head to break, just want to listen in on what christine lagarde said about the fight against inflation and wages. >> i cannot give you a date, but if we win this battle, if we reach the 2% inflation target in 2025 and it is confirmed in the data in the months to come -- i'm being careful -- i'm very confident -- and the rate will start going down as soon as the data confirms the inflation path. ♪ >> consistent with that soft landing view, in the central case modeling...
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Jan 12, 2024
01/24
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here is where i point you to comments where we got comments from christine lagarde. the interview, she said the ecb will only start lowering rates once it is convinced inflation is heading back to its 2% goal. perhaps at this stage, the ecb is not feeling so comfortable about the direction of travel for headline inflation. a bit too early to understand where this central bank will go and, of course, how that might impact the movement when it comes to stocks in europe. some of the important stories we have been monitoring this week as i take you to the markets and how they have fared throughout the weeke. today is friday and it is important to step back and understand what has happened in the market. you can see over here in the uk, the ftse 100 is on track to end the week down by .70%. similar narrative with the main market in spain. the other main index is on track to end the week on a positive note. when it comes to this week, it has been a big one for uk retail with largely disappointing earnings from tesco and m& s and sainsbury. consumers facing inflation headwi
here is where i point you to comments where we got comments from christine lagarde. the interview, she said the ecb will only start lowering rates once it is convinced inflation is heading back to its 2% goal. perhaps at this stage, the ecb is not feeling so comfortable about the direction of travel for headline inflation. a bit too early to understand where this central bank will go and, of course, how that might impact the movement when it comes to stocks in europe. some of the important...
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Jan 31, 2024
01/24
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european central bank christine lagarde. that way, is offense. and to attack properly, you need to be strong at home. so to be strong means to have a deep market, to have a true single market. a relatively new topic for the forum was the so-called disease x. according to some experts, it can surpass the coronavirus in scale. on the background fears, experts were puzzled by questions of how to prepare for the next one. at the same time, the forum urged not to confuse preparation with panic, in addition to health issues and a peace formula that was never found, the meeting participants discussed other conflicts on the planet, ecology and artificial intelligence, right now we have the opportunity to talk with stefano valdagamberi, a member of the regional parliament of the veneta region, italian politician. mr. valda gamberi, i am so glad to see you on our program. i also i’m very glad to see you, thank you very much for inviting me. and my first question: there is a widespread opinion that european society as a whole is alread
european central bank christine lagarde. that way, is offense. and to attack properly, you need to be strong at home. so to be strong means to have a deep market, to have a true single market. a relatively new topic for the forum was the so-called disease x. according to some experts, it can surpass the coronavirus in scale. on the background fears, experts were puzzled by questions of how to prepare for the next one. at the same time, the forum urged not to confuse preparation with panic, in...
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Jan 23, 2024
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. >>> in other corporate stories, christine lagarde isnot the right president at the moment.hat is according to half of those who responded to the survey of ecb staff. 50.6% of people rated her as poor or very poor at the halfway point of her eight-year term. putting her approval level below her predecessors. more than half of respondents are concerned the ecb will not deliver on the price stability promise. the central bank says the survey is flawed. >>> chinese officials are considering measures designed to support the country's stock market. including a stabilization fund worth 2 trillion yuan according to bloomberg. that comes offer the premier called for forceful measures to stren strengthen market stability. >>> and the gaming regulator in hong kong aimed at rules to curb spending from the web site. the regulatory proposal send gaming shares sharply lower last month with stocks rebounding this morning. our lin lin filed this report. >> it has been doom and gloom for the chinese market. the benchmark hovering at five-year lows on monday. now chinese officials are conside
. >>> in other corporate stories, christine lagarde isnot the right president at the moment.hat is according to half of those who responded to the survey of ecb staff. 50.6% of people rated her as poor or very poor at the halfway point of her eight-year term. putting her approval level below her predecessors. more than half of respondents are concerned the ecb will not deliver on the price stability promise. the central bank says the survey is flawed. >>> chinese officials are...
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Jan 22, 2024
01/24
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could it be tapered down following the meeting in the ecb with christine lagarde revealing their thoughts when it comes to interest rate expectations. that will be keenly watched. to the u.s. yields. ten-year yield at 4.263. overall, on to the futures. they were higher overthealovera. we are still looking at earnings numbers with tesla and ibm and visa and mastercard coming out this week. >>> let's head over to the small and mid cap space. we have the global head of small and mid cap strategy at jpmorgan chase. let's get to the small cap. the russell 2000 managed to find its feet. it had a down look year for the last two years. what happened in the small cap space? why is the remaining unloved still unloved in that sector? >> i wish i had an answer. you know, what you described is exactly what happened. it makes no sinense. as the may peak, the russell is down 20%. that happened at the time the world got scared about inc increasing inflation and the war in 2022 and still going on. you saw it being sold. china sold off. technology which was sporting a premium and came down 50%. since then,
could it be tapered down following the meeting in the ecb with christine lagarde revealing their thoughts when it comes to interest rate expectations. that will be keenly watched. to the u.s. yields. ten-year yield at 4.263. overall, on to the futures. they were higher overthealovera. we are still looking at earnings numbers with tesla and ibm and visa and mastercard coming out this week. >>> let's head over to the small and mid cap space. we have the global head of small and mid cap...
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Jan 18, 2024
01/24
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ecb president christine lagarde. >> over the many hurdles we have faced in still exist in order to putplace i capital market. i would be happy to expand on what we should do and what message -- method we should use having gone through 15 years of trial and error, failing to achieve the ultimate result. i think artificial intelligence can help. stephanie: you are head of the euro group. christine has admirably placed this on the economics. the economic case for capital market union. you stated as a priority for the group. how are you going to pursue that in the next year? >> if i can give the political side of the coin that christine described clearly, the economics. politically as a finance minister working with other finance ministers in the euro group so much of our efforts, so much of our focus has been on budgetary matters. the finance ministers spend 95% of their time looking at how much they are taxing, how much they are spending and how much they are borrowing. what little time has been available from dealing with those matters over the last years was devoted to banking issues,
ecb president christine lagarde. >> over the many hurdles we have faced in still exist in order to putplace i capital market. i would be happy to expand on what we should do and what message -- method we should use having gone through 15 years of trial and error, failing to achieve the ultimate result. i think artificial intelligence can help. stephanie: you are head of the euro group. christine has admirably placed this on the economics. the economic case for capital market union. you...
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Jan 12, 2024
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jonathan: it was interesting to see those comments from christine lagarde. i'm sure people don't go to central bankers to be political. can you imagine jay powell weighing in on macron or rishi sunak. jonathan: stunning to see those comments. equity futures slightly positive. we will have numbers from citi this is bloomberg. ♪ hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to
jonathan: it was interesting to see those comments from christine lagarde. i'm sure people don't go to central bankers to be political. can you imagine jay powell weighing in on macron or rishi sunak. jonathan: stunning to see those comments. equity futures slightly positive. we will have numbers from citi this is bloomberg. ♪ hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like...
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Jan 16, 2024
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nonetheless, when you listen to the european central bank, christine lagarde says meeting by meetinge down to target and it is unlikely to go down to target any time soon in the next months, probably we have to wait until the end of the year to see inflation hitting targets by the way same is valid also for the united states. maria: what's your sense of china right now? kristalina, china's premier speaking in davos earlier today, saying china's economy is open for business and has grown an estimated 5.2% last year, the comments coming a day before china's scheduled gdp data take release. a lot of people are worried about the property market there and the i'm be pact across the world. >> well, china has been relatively successful throughout 2023 to reach their notion altar al target of 5%. they are maybe exceeding that. they have two significant problems. one is real estate, has not been solved and in our view it deserves a bit more aggressive intervention. two, high level of government debt. for china, long-term there are significant challenges, it's an aging population, rebalancing
nonetheless, when you listen to the european central bank, christine lagarde says meeting by meetinge down to target and it is unlikely to go down to target any time soon in the next months, probably we have to wait until the end of the year to see inflation hitting targets by the way same is valid also for the united states. maria: what's your sense of china right now? kristalina, china's premier speaking in davos earlier today, saying china's economy is open for business and has grown an...
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Jan 18, 2024
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stephanie: christine lagarde, you get the last word. you get to pick your topic. >> but it is not a topic -- that it is not a topic for another panel next year. and that we have securitization underway. stephanie: fantastic, thank you. [applause] guy: that was the world economic forum, led by stephanie flanders. the panel was on uniting europe's markets. some differing views. some interesting views. it is the 18th of january. we are wrapping up this session. european equities on the back foot. let your restocks have had a much better day today. we will work our way through the details in a few minutes time before returning you to the world economic forum. the countdown to close starts now. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. guy: european equities are up by about 15%. i urge you to look at what the rest of the week looks like. we are down week today. wosg had a pretty bad holiday, a volatile period. one of the biggest sellers of rolexes. people are spending mone
stephanie: christine lagarde, you get the last word. you get to pick your topic. >> but it is not a topic -- that it is not a topic for another panel next year. and that we have securitization underway. stephanie: fantastic, thank you. [applause] guy: that was the world economic forum, led by stephanie flanders. the panel was on uniting europe's markets. some differing views. some interesting views. it is the 18th of january. we are wrapping up this session. european equities on the back...
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Jan 24, 2024
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christine lagarde present of european central bank, federal minister of finance, mohammed, minister of finance, present come present of singapore, doctor ngozi okonjo-iweala director-general of the world trade organization and david robinson cochairmen the carlyle group it's a thank offering joining us. let me start off 2023 we surprised expectations the upside is a global economy really not as easily as we think? >> we are to think about it not on a year-to-year basis because the largest challenges of resilience we face are what's creaking beneath. it's the slow-moving changes that threaten us far more fundamentally in the years to come. we know what they are. we know what's happening in the shift in the global ecological balance. we know what's happening in terms of the aging of societies which we are by and large not prepared for it we know what's happening in the gradual drift towards polarization. these are the real threats to resilience and human security. and a not even talking about the wars, including the stupid wars that we see. >> thank you so much. can you talk to us about
christine lagarde present of european central bank, federal minister of finance, mohammed, minister of finance, present come present of singapore, doctor ngozi okonjo-iweala director-general of the world trade organization and david robinson cochairmen the carlyle group it's a thank offering joining us. let me start off 2023 we surprised expectations the upside is a global economy really not as easily as we think? >> we are to think about it not on a year-to-year basis because the largest...
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Jan 16, 2024
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when europeans like christine lagarde said trump is a threat to europe, when they say that, what is your response? sec. gen. stoltenberg: it is not for me to be part of the u.s. election. it's not my possibility to be a part of any election in the nato alliance. annmarie: do you think he is a threat to europe? sec. gen. stoltenberg: regardless of the outcome of the elections of the united states the u.s. will remain a staunch and important nato ally. it is the security interest of the united states to have more than 30 friends and allies, something china and russia do not have at all. it's a good deal for the united states. second, there is strong bipartisan support for nato. thirdly, the main complaint from president trump in the united states for years has been european nato allies are not investing enough in nato. that is what they are now doing. we have a very good story to tell. yes, we understand the united states complained about allies investing on defense. now more and more allies are doing that. it's a good story to tell on burden sharing within the alliance. annmarie: we have
when europeans like christine lagarde said trump is a threat to europe, when they say that, what is your response? sec. gen. stoltenberg: it is not for me to be part of the u.s. election. it's not my possibility to be a part of any election in the nato alliance. annmarie: do you think he is a threat to europe? sec. gen. stoltenberg: regardless of the outcome of the elections of the united states the u.s. will remain a staunch and important nato ally. it is the security interest of the united...
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Jan 19, 2024
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and it was that moment when christine lagarde was asked paused -- for dramatic effect -- and said, i will have some coffee. then she proceeded to answer it. scarlet: she gave a very diplomatic answer. she said, of course, it is up to the american people to decide, but you can be sure there will be scrambling in the background for how to deal with another trump administration. manus: and, of course, two wars. we have three hours to go. are you excited? we will turn up the temperature in here, because we are both freezing. let's talk about the markets. s&p 500 up 0.4%. equities continue to trade higher, even though investors dumped over $4 billion of u.s. stocks in the past few weeks. the euro-dollar, i know you wanted to talk about that. 10 year yield 20 basis points and the oil market is still "flagmatic." it means it is really not paying attention in issues of the red sea. as long as it does not take place in the strait of hormuz, that market will focus on supply. scarlet: we see wti approaching 75, print -- brent approaching 80. opec+ is scrambling in terms of trying to figure out
and it was that moment when christine lagarde was asked paused -- for dramatic effect -- and said, i will have some coffee. then she proceeded to answer it. scarlet: she gave a very diplomatic answer. she said, of course, it is up to the american people to decide, but you can be sure there will be scrambling in the background for how to deal with another trump administration. manus: and, of course, two wars. we have three hours to go. are you excited? we will turn up the temperature in here,...
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Jan 26, 2024
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that puts the ecb on the back foot and it came out overnight with christine lagarde looking defensive when probed. yvonne: there are so many things there. maybe i will pick the china story. you said you are encouraged. what still makes you worry about this market and i mean everyone's talking about, you know, we need to see implementation. what would make you reassured? >> context matters. a lot of people have been comparing the size of the package with what happened in 2015. the backdrop is different now. nonfinancial debt has of last year's more than 300% of gdp. this is the debt of households, governments and corporate all put together. and it is over 1/5 of national income. in 2015 those numbers were 17 or 18%, so the backdrop has changed. back then in 2015 growth was running at 8% and the weighted average lending rate was 6%. today both are 4%. so what i'm getting at is china has come out of inflation. there is a disconnect with the 5% target being met when markets are more concerned about nominal growth. to get that going we need more inflation which needs more stimulus to come
that puts the ecb on the back foot and it came out overnight with christine lagarde looking defensive when probed. yvonne: there are so many things there. maybe i will pick the china story. you said you are encouraged. what still makes you worry about this market and i mean everyone's talking about, you know, we need to see implementation. what would make you reassured? >> context matters. a lot of people have been comparing the size of the package with what happened in 2015. the backdrop...