tv Bloomberg Daybreak Europe Bloomberg September 11, 2023 1:00am-2:00am EDT
1:01 am
this is bloomberg daybreak: europe. let's get to the stories that set your agenda. the end extends gains. the intouch is 0.0%. ending negative interest rates may soon be an option. and it is g20 summit cements its status as a counterbalance to beijing. the u.s. strengthens its relationships with india, middle eastern countries and the eu. meanwhile, a nation in morning. let's dive into what the markets are doing. there was a lot to digest when it goes -- comes to going to asia. especially when it comes to the asian market session. we will start with the equity markets. you are seeing which is marginally higher by 20%.
1:02 am
take a look at where their performances. it is in the tech space. they are clearly outperforming. is there something we are going to digest throughout the rest of the show? especially as we see fed and monetary policy around the world started a kind of change its tune? that might explain why you are seeing a bit of a positive sentiment in stocks right now. at least when it comes to the tech space. 1/10 of 1%. it is not much to get excited about. the mark -- bond market is where you are seeing a lot of the action around the world. a lot of it starts with the bond story first. that will be important when you talk about the two year yield. 5% on that number. the 10 spreading higher and higher but the japanese market, that is where all the action is. look at the 10-year yield. 0.7%.
1:03 am
let's get over to how the asian markets are faring. walk us through how the equity pictures are where you are. >> it is a really interesting session. we saw those earlier gains dance to some positive signs out of china over the weekend that showed deflationary purpose was easing. and then in the past hour or so, they pile on some of the positive signs that we are seeing credit data come out of china that is better than expected. weakness in the chinese economy is showing signs of bottoming out. we are also seeing the chinese currency gaining ground against the greenback. it already was climbing earlier after a stronger-than-expected thanks from the pboc earlier in the session. the pboc really pushing back, saying it will push back against any affect speculation.
1:04 am
we want to take a look at some of the big movers and shakers in terms of stocks. let's look at how the japanese bank shares are faring today because of the way the comments were seen as potentially hawkish. also, speculation we could see profits improve. other big movers, softbank as well. alibaba like you want to watch today as well. it is going to be in the other direction, dragging the asia-pacific, the earlier bit of news that came out today that is -- is head of cloud division is calling it quits after just months into the job, really adding that layer of uncertainty into china's larger e-commerce issues.
1:05 am
>> it actually walked us through, we were supposed to be seeing some gains in the topics specifically. almost 5% coming off of that yield story and bringing us a little bit more confidence. we are joined by paul jackson joining us from around the world. i want to start with the door because think of japan governor told the newspaper if the boj becomes confident, prices and wages would keep coming up. paul jackson is where we begin. is this a hint for policy moves in the pipeline? is this just once an area? how much emphasis should be be putting on these comments? >> we can't forget that this used to be a university professor. offering the scenarios is probably a very ordinary and
1:06 am
normal thing to do for a university professor but it is not what the neck of japan governor would do. certainly not his predecessor. kuroda would never have gone through so many scenarios if he was not trying to get a hint. -- give a hand. we can't be sure this is directed on the policy guideline but we certainly can't rule it out. i think market players are now need is sink this negative interest rate could end. this is something that is more of a near-term prospect than it was previously. >> i guess you could take an academic out of the university what you can take an academic out of ueda. is this verbal intervention to prop up the yen? >> that is a good question. the timing of it certainly suits the interests of the japanese government.
1:07 am
japan is not afraid to intervene in markets. we saw that three times last year. it will move if it is concerned but it is surely hesitant. he creates all kinds of problems with his allies. they need a much clearer movement of weakness to justify it. if it can get out of jail through verbal intervention comments, that is certainly to the benefit of the japanese government. i think one thing that is clear is the japanese government have a bag of japan governor who is of them are willing to countenance the fx dimension of boj policy. request that is something we will be digesting throughout the hour. paul jackson walking us through what we need to know about those comments. talk to us about the fx story.
1:08 am
you are joining the onset now. bloomberg economics wrote immediately this morning on the back of those comments saying maybe those were at the end more than just the right policy. how do you interpret it? courses always came from the ministry of finance. this is really the first time we are seeing from the boj themselves, talking of this idea of a possible rate hike, a possible end of negative rates, a possible rate hiking cycle, that is one thing grabbing the markets. i cannot take my eye off the fx market. we are seeing the dollar yen over 1%. that is ending the dollar rally we have been so captivated by all of last week. we are seeing the bloomberg dollar index down .6%. really putting a dent into its rally that happened yesterday and then my eye goes over to what is going on in the treasury market. we are seeing some steeping in
1:09 am
the treasury market. they are leaving the climb higher. that is not a good sign. especially for those people who were about to position for a turn of the u.s. consumer and wanted to go along the bond market. >> let's go to that exact point. we did hear from the post survey that said the consumer is continuing to weaken, they are continuing to be bearish. we are still waiting for that recession that never seems to arrive. it may not arrive for the foreseeable future. talk to us a little bit about some of the comments janet yellen had. i would argue some of the positioning within the federal reserve for september's rate hike said this as well. >> we had yellen saying she was very optimistic about a soft landing. contrast that with the slowdown in the u.s. consumer. we have the post survey that was out over the weekend.
1:10 am
showing nearly a quarter of the respondents thinking the slowdown in the u.s. consumer is going to come in the fourth quarter. there was some speculation we could see it in retail sales this week on thursday. that is dated from august. it is definitely on the top of people's mind. i want to bring a chart up that grabbed my attention so much. the student loan repayments from the u.s. have really started off with a huge bank. in the month of august alone, over 9 billion student none repayments hit the department -- the education department. 9 billion coming out of the u.s. consumer's pocket. that way they can pay the student loans that have been on amnesty ever since biden announced that during the covid time. this will hit the consumer, it is just a question of when. >> how she has the energy, i
1:11 am
have no idea. lucky for her, she is staying with us. the geopolitics of it all. it is g20 summit has wrapped up with agreement on a joint communique. president bynum says china's current economic worries could diminish any inclination to in late -- invade taiwan. >> it did not have the same capacity did before but as i said, we are not looking to her china. sincerely. we are all better off if china does well. >> let's bring in makeup. one of the key takeaways we have seen to be is what the wording was around ukraine. where there any major changes you heard from the government would you clean this out that this was not really meaningful?
1:12 am
what is your take? >> that is cracked. i think the communique and i am sure the deep -- g20 and all of its participants are happy we had one at the end of the day but it did not do justice to. there was a mention of a war in ukraine but much weaker language then this agreement. once there were references to russia. especially on issues like food supply and green movements in the black sea, there was no condemnation like we saw in the bali agreement. you could see that at least when it comes to the reference to the russia war in ukraine, the communique walked a very fine line, leaving everyone very happy and everyone a little unhappy. >> notably absent is when we put in delegation. still with him was xi jinping from china.
1:13 am
walk us through what we need to know about china's lack of presence there. >> china was represented by its mere, not its president. i think the two stories you mentioned with regard to the conversations with the british prime minister and the italian leader are -- let me run through both of them. the british prime minister said he had confronted the chinese premier about several significant concerns. one of them being interference from beijing. this was from the rest of two people in the on allegations of spying. or any kind of interference raised by the british prime minister. instead it said that the nation should oppose mixing economic cooperation with policies and
1:14 am
security. on the other hand, we have news coming in on bloomberg at the italian leader reportedly indicated that italy would like to exit the program. in the press conference after the g20, giorgia meloni did not say anything like that. she said this has yet to be made. this is a sensitive issue because it really like many other european nations is caught in the crossfire between the u.s. and china and on the other hand there are implications with regards to trade with china. so i think these are both important stories emanating from the g20. they go to show the relationship that many of these countries don't enjoy with china. and what the applications of that could be. this is the world's second largest economy. a relationship between china and europe is so crucial here simply
1:15 am
because they are hoping europe provides a counterbalance to some of those geopolitical tensions. we thank you as always. let's get ahead to the week and we are going to see this week. there was a lot of data on the docket. let's start with the u.k. labor data we will see tomorrow. remember that pay growth is still a threat. you are seeing the job market cooling here in u.k.. by the end of the day, people still want more pay and that is what is going to affect were andrew bailey goes next and his peers. in terms of where, how many, how many hikes the economy can handle. we get the u.s. cpi. that will be the real game changer for the markets. remember, gas prices back in the spotlight here. this will be a question of headline versus core. and what the fed will pay attention to. the beds are on that core number. we will see if that sticks. going a little bit of the ego data. wednesday and thursday are massive days for that ipo. evaluation that has really taken
1:16 am
a beating in a best -- in the last couple of days. we by didn't want to raise about $5 billion. you are nothing as much excitement around it. we will dive through it throughout the pricing. the ecb, another hike expected. how far before those racks get wider and wider? let's bring in our markets reported. a lot going on this week. what is the game changer? >> i think it will be the u.s. cpi. >> this is the first time i am seeing analysts call for upside risks in the core reading. we've gotten that .2 month on month for two months money. the consensus is for a third one in a rope but there are risks to the upside in it. i think that will be a game changer if we do get it this week. >> where does it come from? this is driving the inflation story. valerie tytel all over it.
1:17 am
you can get the rando of the stories you need to know to get your day going. and tune into today's edition here. type in dav why go. we dive into markets and take a look at what could happen with the ecb rate decision. that is coming up next. this is bloomberg. plus we will be speaking to the chief economic advisor as cleanup efforts continue after a storm hit the country. this is bloomberg. stick with ♪
1:19 am
1:20 am
national mourning. offers are pouring in from around the world. the disaster comes as marrakech prepares to host the annual meetings at the world bank and the international monetary fund next month. a lot to digest there. sticking with a lot of the natural disasters hitting the world. the ringmaster will seek support after floods last week left at least 15 dead and destroyed crucial infra structure. the country has been called investment grade. greek bonds will no longer face higher than normal haircuts when use of collateral and refinancing operations. there is a lot to digest you. we still have that promise from the ecb that the ecb is going to be met buyer of last resort for greek debt going into 2024. do they really need to tap into that liquidity? especially as some of these bonds are already trading at
1:21 am
investment grade status question mark let's bring in mark cranfield, joining us now. put this into context for us. it is kind of want to talk about greek debt investment grade status. we will have the chief economic advisor to the program join us but how significant is this? >> it is not a huge factor. that is good from their point of view but in terms of making policy decision, that is much more about how quickly they see a european recession coming through and whether or not it is likely to happen in the near term. that is the problem of her most of the g10 central banks. they have done so much work to slow down economies, to try to get ahead of inflation that now there is this serious risk that they over tighten and eventually they are the ones responsible for causing the next recession
1:22 am
which none of them would really want to do so that is the ecb dilemma as they go in this week. whether or not there is enough in market already to do the job for them or if they need to push for a little bit more just to convince everybody that they really contain inflation to get it back into the 2% kind of area that they would like, either they do a small hike and sound a little bit dovish or they don't do anything but they sound caucus. either way, they also want people to get to the idea that interest rate cuts are not coming quickly. they knew -- they do need to hold interest rates for a hard time. i bet they wish they were doing it after the fed rather than before because that makes it even more difficult. >> let's look at the boj and the pboc specifically.
1:23 am
talk to us about the effectiveness of those comments from ueda over at the boj. is this something that dollar bulls need to worry about? >> absolutely. the bank of japan is the outlier. they are the only major central bank that had not done anything with official -- official interest rate policy. everybody else has been tightening for more than a year and most of them are coming toward the end of that cycle. the bank of japan has not even started on their cycle. everyone knows they been on inflation for a couple of decades but finally there are clear signs that core inflation in japan has reached a level where they can actually consider doing something. he has opened a cam of words -- worms on the negative rate. the idea that they could move away from negative rate policy. that was something that was on was impossible to discuss and japan. they finally opened the conversation on that.
1:24 am
the markets are really beginning to factor in. there is a lot more to be done. people already thought there was a chance there could be some strong language for that meeting. they will not be thinking that we might even get a policy change at the meeting next week. so really the stakes are extremely high. and the fact that it is coming on the same day or he has some aggressive comments on the pboc as well, it looks like the two central bands are working together. >> a lot to digest specifically on what is moving assets around the world. who knew the possibility could be this. we thank you as always. plenty more to come on the program. stick with us. this is bloomberg. ♪
1:27 am
here. we are seeing major action in the bond market and the effects market. you can thank japan and china for all of that. look at what the dollar-yen is doing here. weakness for the greenback. all because the boj government says while we might consider actually revisiting negative interest rate policy, that will be significant, pair that with china as well. some positive chinese data when it comes to the aggregate financing. and then the pboc making those come. you will start seeing some major movement not just in the yuan but in the yen as well. two or three standard deviations. this is extra important. even though the boj is its own
1:28 am
version of monetary policy, the u.s. is not even really considering this, japan is having the biggest impact on the dollar. the correlation in terms of what the dollar is back into around the world is no longer the euro or the pound. it is in fact the japanese yen. that is why it will be so significant. especially given that the import prices will be very susceptible to that weakness in the end which really has not let up for at least a year or two years now. does this change the narrative on dollar-yen? coming up, the greek prime minister set to meet as the country recovers from deadly floods. that int
1:31 am
good morning, this is bloomberg daybreak year. i am kriti gupta in london. the extends gains in the 10 year yield such a 07% the first time since 2014. this comes after the boj governors as ending negative interest rates could soon be an option. in this g20 summit cements its status as a counterbalance to beijing. the u.s. strengthens relationship with india, middle eastern countries as the european union. and a nation in morning. this is after morocco's most powerful earthquake in over a century because more than 2000 people. a lot to digest on natural disasters, geopolitics and even monetary policy. you have already seen quit a bit of your action in futures. on the surface, you are seeing green on the screen. s&p futures outperforming the nasdaq 100 on the surface again.
1:32 am
let me tell you, it is not a positive reaction. great weakness in the dollar really pushed by the japanese yen and the yuan, that will move the bloomberg dollar index now. that will incentivize buying into u.s. futures. take a look at the bond market. we are not seeing a ton of movement just yet. but this is where it gets interesting. we do have that u.s. epi data on wednesday so you're already perhaps seeing a little bit of an expectation of a headline number. the court perhaps lower. the japanese 10-year yield, those jgb's, that is where the action is, breaching 0.7%. the highest level in those yields going back to 2014. that is just part of the asian story. let's get a little bit more. april is in singapore for more on how asian markets are faring. walk us through the macro story there. >> the macro story is things seem to be improving in the
1:33 am
asian giant china. we already had data pointing to signs that deflationary pressures in china are easing at least for the month of august. how that along with data shows that china credit is improving better than expected. signs that the weakness in the chinese economy are bottoming out and that is really helping to prop up the csi 300 building on earlier gains. the hung saying also pairing losses. the asia-pacific also helped along by sentiment out of china that might be snapping its multisession losing streak. let's look at how the chinese currency is. we saw it gaining ground. we saw things from the pboc and then those comments from the central bank. that it will resolutely put an end to affect speculation, that is causing it to gain further ground against the greenback. that is a rally advancing today.
1:34 am
we also see that in the japanese yen. after governor yi you ate his comments were seen as hawkish. that is helping the japanese bank shares that are leading the charge in the asia-pacific region today. quick speaking of some of those, we talked about some of the bands. what are some chinese companies we should be watching? >> i think alibaba is a big want to watch. we had those leadership changes that raised eyebrows a little. we have the head of the cloud division calling it quits after a couple of months. it is adding a layer of uncertainty to the ongoing restructuring and the company. we are seeing the stock repair some of the losses. the other one we should be keeping our eyes on, country garden, once china's top property developer, we are approaching the final hours toward a vote from creditors on
1:35 am
a request by country garden to extend a group of local bonds and that would determine whether we see it getting this test of a major repayment demand as soon as thursday. these two companies with concerns in the markets today. >> certainly a lot to digest. they are all over the asian market story. we will stick with the corporate story. one of the big ones we are watching are said to be considering raising the price range of its ipo after meeting investors for what would be the world's largest listing this year. the share sale of the u.k. based designer is six times described. evaluation of up to $54.5 billion. the final pricing is inspected on wednesday with trading set to start the following day. bloomberg has learned that barclays is preparing to cut hundreds of jobs as soon as this week as it looks to trim costs
1:36 am
among wider markets. they are planning to dismiss about 5% of its client facing staff in the trading division as well as dealmakers globally as part of the cuts. now from banks to carmakers. vw slow progress is the subject of today's big tech. stolen sales means the german company is losing ground in its biggest market. for more, we are joined by oliver creek. walk us through how this ev battle is playing out. >> you have to think about what is at stake here and what will matter to the future of this industry. the ev transformation with that digital -- digitalization and software and china is asia's biggest auto market. the question is for the car companies. do they have enough growth room in either of those two categories?
1:37 am
in the center of munich, had car stands all over the place. right across from them, you have the byd stance saying basically and add sync you probably never heard of us but we are one of the biggest electric car companies in the world and they are really trying to introduce themselves to the european market so vw is losing progressively to its market share in china. the fear is they could be losing it in europe. i spoke to the vw seo and asked him how he sees this competition. >> competition drives you. we come from sports so in the end, to be better than the competition is positive for the customer. at the end, i level of competition drives innovations. >> the question is how did they take these guys on? they are spending $180 billion to an order -- in order to get
1:38 am
his business where it needs to be. it is a little bit like a country that is really oil rich and you see the end of oil eventually down the pipeline this is much sooner so if they need to monetize their combustion engine cars and invest into the future in order to stay competitive, they will have to run leaner and get their strategy in order. quick speaking of being competitive. one of the things i think i with ev's is the supply chain story. we know that tesla has carved out that edge for them. we know it looks like saudi arabia and the u.s. taking stakes to fuel that ev demand. is germany doing something similar? talk us through the national reaction there. >> the issue is that there was a lot less coherence. you have to deal with a lot of the other desires of the other countries. you can't just throw everything you've got at it. there has been some listing of some of the policy so that you can actually help out some of your national cubbies a little
1:39 am
bit. you have to remember how big this industry is for germany. we are talking about more than 800,000 jobs related to the auto sector in germany. we are talking about half $1 trillion worth of revenue. what is so interesting about what is going on in germany is it is the reverse of its own playbook where germany went to china and built its factories and service that market and now they will be faced with the same thing. how protectionist it can politicians be when this is exactly what they had done in order to touch the chinese market and the question is also to the politicians care as much if it is a chinese auto company that is manufacturing cars in germany? is that a problem? it is still jobs and still feeling that ecosystem. this is a tough path for them to walk. they are saying listen. they pointed to the korean and japanese companies that never managed to take over the market in germany. this was a concern back when they were entering into the market and they were saying maybe is the same thing with the chinese. >> certainly something we will be keeping our eye on.
1:40 am
however joining us all over the ev story. we thank you as always and we go back to asia. india's g20 summit has wrapped up with joe biden commenting on china's leader xi jinping across the event. >> one of the major economic tenets of this plan is not working at all right now. i not happy about that but he is trying to figure out just like i would what to do about the particular crisis you are having now. >> let's bring in our correspondent who's been covering this in new delhi. making the argument that he has his hands full but what came from china's representation?
1:41 am
>> as you know, those comments were made by resident buying in vietnam. that is what he had to do right after. xi jinping could not attend this g20 summit, leading to some degree of disappointment for countries like india. as well as the u.s.. president biden said it was a disappointment but instead, the chinese premier was here and he did have conversations with many world leaders. we know we spoke with the italian leader as well as the british prime minister amongst others. in a sense, the western disaffection for china did pay up here in the g20. but it is the world's second largest economy. every single country has strayed from ties with china so it has been a fine line to walk. question certainly something to monitor going into next year's g20 summit which i believe will be held in brazil.
1:42 am
1:43 am
when it comes to getting your flu shot, cvs is pretty... flex. wanna schedule one online while prepping dinner? gravy. avoid the wait by scheduling for you... ...or the whole crew. or if you prefer to just pop in? do you. and if you wanna even tack on a covid-19 vaccine to your flu shot, feel free! and speaking of free? our flu shots are... well... free. really? yes, really.
1:44 am
healthier is getting a flu shot on your schedule. cvs. healthier happens together. >> welcome back to bloomberg daybreak: europe. after suffering deadly wildfires just weeks ago, greece is now clean up the aftermath brought on by storm daniel. all as he looks for more support. we are joined from athens. the chief economic advisor to the grape prime minister. a pleasure to have you on the
1:45 am
show. thank you for joining us. let's start with the catastrophes that have hit greece from wildfires to flooding. all as we lay out how much of an impact we will have on the economy. what will you be having in terms of support? >> good morning, everybody. let's start with the basics. we had the biggest fire in europe in the northeast of greece. there were floods in central greece with rainfall over 12 hours of double the amount that they get over a whole year with floodwaters reaching -- exceeding two meters in some cases. these were record catastrophes. the priority is to evacuate, to protect and to rescue those affected. the prime minister himself said he would do everything humanly possible to help those affected.
1:46 am
today, an online conversation platform has opened up to help with the livelihoods and the houses that have been affected to provide leave. we will leave no one behind in this endeavor. request the prime mr. is going to have direct negotiations with the president. europe helped slovenia. we have no doubt that europe will help greece. there is 20 of unused structural funds that could be channeled or repurposed but we are also drawing a broader national plan. we need the european help but there is also a national plan and brought out and this will be unveiled by the prime minister himself. we need to tackle climate adaptation. this is something relevant for the whole of the earth. we are think about whether we need to make some insurance mandatory. some new resources and of
1:47 am
course, prevention measures to make sure that we can deal with these natural catastrophes in the years ahead. >> let's talk a little bit about the impact it will be having on the actual economy of greece specifically because we know a lot of the growth that has come from greece has indeed been a function of tourism, a foreign investment, how do you foresee some of these events affecting that kind of investment? quick so far, we are still having a record tourist year. even growth was affected as far as recovered quickly and sharply. if you look at economic sentiment in greece, it is growing -- it is going up. sort of the mirror image of what happened in the previous decade. we have second quarter gdp that showed greece showing the second-highest growth rate in the euro area with cumulative growth about five percentage
1:48 am
points higher since late 2019. we want to continue that. every country needs a climate adaptation plan. europe as a whole has a great climate mitigation plan. it makes us all proud europeans. to slow down and reverse climate change. we have ahead of us three decades it was the situation could get worse before we managed to turn it around. the prime minister will also be putting on the table the idea of having a specific climate adaptation plan at the european level to complement the climate plan. >> eventually you bring a climate and talk about the growth you've had specifically relative to your peers since 2019. i am going to emphasize that a lot of it is tourism driven. a lot of that is admirable. i suppose an upgrade from
1:49 am
morningstar. congratulation -- we are waiting for the big three to -- respond. talk to us about the sustainability of that? a lot of the u.s. and european banks are trying to predict the next recession which is going to take a hit to tourism and by extension, the growth that has been feeling a lot of the gains in greece. how do you deal with something like that? when are you predicting this to end? >> this economy has been diversifying for some time now. if you look at manufacturing, it is up by about a quarter. german manufacturing has declined. it is not true that the economy is highly dependent on tourism. we saw that even during the covid years where things turned out better than many had expected. this was very important. this puts closure on the chapter
1:50 am
that lasted 13 years for great prices. it is something we are very proud of and i should say we are going to stick with our fiscal targets. this is a commitment i commit to you today. the national disasters will not affect our fiscal prudence, our fiscal discipline and we believe that in the medium-term, we can sail through the various shocks. we had the covid shock, we had the energy shock. the natural disasters shock. >> talk to us about one of the agenda items of the prime minister when he won reelection. you are still one of the biggest
1:51 am
-- on -- we had one of the longest ovations, 20 years of debt. we had the biggest decline in debt to gdp of any country in the world. the prime minister will be talking in the coming days at the annual fair about more efforts to fight tax evasion, justice reform to speed up the justice system. and of course, all of this ultimately serves the objective of converging with europe. we spent the previous decade trying to sustain the euro.
1:52 am
the second quarter gdp report saw nominal wage growth of about 7% year on year. this is beginning to filter through and the unemployment rate fell down to a multiyear low. but we need more reforms looking ahead. >> a lot of certainly impressive statistics. i am curious to see how it all comes together in the coming years. money does not grow on trees but maybe you can make that possible. we thank you as always for joining the program. coming up, a nation in morning. rescue workers race to find survivors after morocco's most powerful earthquake in over a century because over 2000 people. we will bring you the latest. this is bloomberg. ♪
1:55 am
authorities are still trying to rescue possible survivors. this comes after the most powerful earthquake in century. >> some pretty upsetting images came out of marrakech. we know authorities are still racing to rescue the people under the rubble. the efforts to rescue these people are still complicated. we know the country has deployed rescue teams, military, logistics specialists and we know that countries in europe
1:56 am
have decided to come out and say we are here to help the u.k.. 36 hours after this happened on friday, the country did not come out and say if they were going to except those it offers but we are still following the situation. we know report is on the ground interviewing the people that are staying on the street. people are so scared. they are afraid to go back to their apartments. we saw images of people on the street. people refusing to go back until the situation is more clear. >> terrifying for the people on the ground. thank you for the update. heartbreaking images coming out of morocco. let's get a quick check on these markets in the meantime. you are seeing the move year.
1:57 am
the dollar is weakening substantially. they may be getting out of negative interest rates. we are not going to speculate when it comes to the fx market. some pain in the bloomberg dollar index. green on the screen when it comes to both s&p 500 and european futures. marcus today is next. this is bloomberg. ♪
1:58 am
it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. i may be known for my legendary football career, but truth is, i love a bunch of sports. the only trouble is knowing where to find them. that's why i got xfinity. so, i can easily find and watch whatever sport i'm into all in one place without missing a thing. even if it's football, australian football, or football football. in a word—it's fitz-credible. i got to trademark that one. this season, eligible xfinity rewards members can get up to $100 off nfl sunday ticket from youtube. sign up for xfinity rewards now.
1:59 am
hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom.
27 Views
IN COLLECTIONS
Bloomberg TV Television Archive Television Archive News Search ServiceUploaded by TV Archive on