. >>> the market rebound catches out as bridgewater flagship funds logs one of its first half performancesn decades. >>> and rising oil prices boosts energy stocks after the uk calls iran's seizure of a british tanker in the strait of hormuz an illegal act ♪ >>> well, good morning, everybody and welcome to "street signs. we're about one hour into the european trading session i just want to recap quickly some of the action we had in wall street towards the end of the week last week it was a weaker close for the three majors on the week the dow ended up about two thirds of a percentage points lower. s&p and nasdaq little more than 1% weakish end to the week for u.s. equities as we get into the heart of earnings season here. 28% of those released results have beaten sales and 49% have beaten on earnings according to data from goldman. still right in the heart of earning season, about 150 s&p companies will be reporting this week worth bearing in mind that so far the market has tended to punish the misses a lot more than they rewarded the beat. so that is the picture for u.s. equities overnigh

china trade war, slowing economy rough 2019 so far for ray dalio's bridgewater.rts the fund paired its losses meantime, bridgewater managed all weather fund was up 13% during the first six months of 2019 big week ahead on wall street with earnings set to dominate the agenda more than 130 companies in the s&p. to look at what investors need to watch this week is stephen whiting global chief strategist at citi private bank is it earnings or is it the fed? which is more important right now? >> it's got be both. i think earnings will be first we have to digest the impact of very key earnings results. i think the really interesting thing right now is that the federal reserve, the ecb this week in terms of setting out what they will likely do in coming months can have a very large impact on valuation. we have seen massive easing and financial markets. 100 basis point drop in italian bond yeelgds 200 drop in brazilian bond yields central banks can have a large effect on valuation and have a marginal positive impact on economic activity. the question is what happens afte

in the course of her long career she was showered with accolades like in paris in 1900. 80 bridgewater met her there after an awards ceremony. when i went to the u.s. embassy i mean there were some in about 200 people there were at the embassy and there was a big spread and of course champagne and all kinds of drinks and all of these people were talking in this room and there was no ella fitzgerald little bit where . i went over and i said down with her and i said miss fitzgerald and she's didi ellen. why why are you here you know this reception is for you and she said to me something that i have never forgotten she said a few things on that occasion. and she said you know dee i hate these kinds of affairs i hate receptions i hate those meeting crete and she said because people just come to those things so they can get together interested in me you see no one has missed me you're the 1st person to come and look for me. the other thing that ella told me was she said i hope you will take the time to be a mother to your children she said that that was her biggest regret is that she did no

paul: the bridgewater associates flagship fund has given one of the first performed at worst performancest six4.9% in the months of 2019 but managed to recover some of the losses this month. the sun -- this comes after a strong 2018 when it gained almost 15%. paul: avatar has been toppled as the highest grossing film. disney's avengers end game has taken three point $8 billion in theaters worldwide. avatar held the record for 10 years. according to revenue tracking website box office mojo, and ine is only 16 if you factor inflation, with the top spot held by gone with the wind. paul: bmw has prompted the production chief -- promoted a production chief to ceo, and this man will succeed but person who stepped down after four years following struggles to set a course for the luxury carmaker . tom mackenzie spoke exclusively with bmw's china president and ceo on the new appointment in the future strategy for the group. aim is to be slightly better than the premium segment. we expect the premium segment to grow single digits, so this is also orientation for us. 17% is because we have these mod

alix: our second story is bridgewater flagship fund losing 5%. tough number because so many other funds are doing really well in the first half of the year. >> that's exactly right. the fact that so many funds are doing so well and the global macro category, it's not a great sign. since the end of june, it's pared quite a bit most on the losses where in january. what that indicate is they were mostly against the market when the time limit was rallying. david: the market turned on them in january. it looked like we believe it's going to keep going and it didn't. it did a u-turn. >> and then you see a month later, betting harder on gold, for example, which says a lot about the changes in pieces but i do want to drive to a january story by kathy which it did say that the pure alpha five-year return has already got at least one pension fund nervous pulling millions of dollars and that could have more moving forward. what investors do from here is a big question mark willing at the annual return. david: there's a question of what invest doris about un

with didi bridgewater, who was raised in flint, [ applause ] ♪ ♪ oh beautiful ♪ ♪ for spacious skiesor purple mountain majesty above the fruited plain ♪ ♪ america ♪ america ♪ god shed his grace on thee ♪ and crown thy good with brotherhood ♪ ♪ from sea to shining sea ♪ oh beautiful for patriot dream ♪ ♪ that sees beyond the years ♪ thine alabaster cities gleam ♪ undimmed by human tears ♪ america ♪ america ♪ god shed his grace on thee ♪ and crown thy good with brotherhood ♪ ♪ from sea to shining sea ♪ america ♪ america ♪ god shed his grace on thee ♪ and crown thy good with brotherhood ♪ ♪ from sea to shining sea ♪ [ applause ] [ applause ] >>> beautiful rendition of america the beautiful. that was the flint citywide choir and multigrammy winning jazz singer dee dee bridge water. so much anticipation here. how hard will joe biden go ever a rivals trying to knock him out of first place? how hard will he go after president trump and everybody else on stage? what strategies will they try to execute tonight? we'll be back with more. do your asthma symptoms ever hold you back? about 50% of

his own firm bridgewater the largest hedge fund in the world underperforms the market to nearly 5% losshe first half of the year here to discuss. goldman flat for five years. now in the last six weeks gone through the roof >> three reasons one is you got recession risks that have gone up. two rates that have been trending lower third reason is if you look at ten year real yields gone from 1.2 to 25 basis points so overall i think it doesn't cost you a lot to own gold as rates go lower it helps diversification helps portfolios since march 2009 s&p is up 400%. gold superlike 50% gdx is down 10%. i think the risk board is attractive >> gold has been crummy for five years. now suddenly taken off tremendously is there some reason to think -- >> they got their act together we had this sustained market in gold miner stocks. they closed underperforming assets and do industconsolidati. either gld is a good way to play >> you had an interesting take on owning gold directly. but you like it different a competing fund, bar. why do you like them >> it comes down to cost these funds tickle bar and st

. >> a bridgewater associates flagship has lost 4.9% in the first half of the year according to the financial times. it is one of the fund's worst performances in two decades. global stocks and bonds markets rebounded on hopes of looser monetary policy. shares of asahi falling the most in more than a year after the an 11maker unveiled billion dollar deal to buy a be and in that australian inbevions -- ab and australian operations. signaledlators have they are on the verge of approving the merger of sprint foxt-mobile according to business. it says there could be a settlement announcement as soon as wednesday that will give us more details on the consensus agreed as part of the deal. his include asset sales to create a new wireless network. "avengers: end game" has toppled avatar as the highest grossing film of all time. mojo, it to box office only ranks 16th if we factor in inflation. the top spot in that ranking is still held by 1939's "gone with the wind." anna: thank you very much. extended gains as tensions in the persian gulf remain elevated. the u.k. has demanded the immediate release o

debra: bridgewater associates fund has lost 4.9% in the first half of the year according to the financialit is one of the worst performances in two decades for the fund. firm was hurt as global stocks and bull market rebounded on hopes of looser monetary policy. shares of a sake falling the falling the most in more than a year. they unveiled a deal to buy australian operations. it gives them a major inroad into the country. the stock move suggests investors are concerned about paying top dollar to buy into a region with slowing growth. and that is your bloomberg business flash, nejra and manus. manus: thank you very much. i will pick it up from here. philip hammond says he will resign if born johnson become -- boris johnson becomes the next prime minister. he said he cannot accept the demand that members of his government except a no-deal brexit. -- accept a no deal brexit. >> he is closely aligned with him in terms of policy. i therefore intend to resign to theresa may before she goes to the palace to tender her own resignation on wednesday. manus: the results of the contest argued to be

that's the good news let's tell you about some of the bad news this morning because bridgewater associatesrst performances for its flagship fund in the first half of the year in two decades. the financial times reporting that the firm, of course, founded by mr. dalio saw its pure alpha fund lose 4.9% through june this is global markets bounced on hopes for easier monetary policy the drop following a strong year for the fund back in 2018 when it delivered a return of 14.6% return amid market volatility. much of that loss came in january suggesting the fund went into the new year expecting the worst when the markets were just starting to recover. so the fund has managed to pair some of those losses now down about 1.5% this year through mid july of course, the bigger portion, i believe, of bridgewater in total is the all weather fund. >> yeah. >> but a lot of folks have kept their eye on this particular performance metric. >> also, down 5% over six months that's one of your worst half years in 20 years that's pretty good >> not bad. >> wrong footed coming into the year. >> compared to the s&p

paul: the bridgewater associates posted one ofhas its worst performances.onths of 2019. but it managed to recover some of those losses this month. kathleen: avatar has finally been toppled is the highest grossing film of all time. avengers end game has now taken $2.8 billion in theaters worldwide. avatar held the record for 10 years. game only ranks 16th if you factor in inflation with the top spot still held by 1939 gone with the wind. paul: let's get a preview of what to watch for in markets later this morning with sophie kamaruddin in hong kong. philippine market watchers will be turning into the president's state of the unit address. there may be more support. now trading above the key 8000 level. were met by a six straight day of positive allocations. after this morning's exports what from korea, we have is going on with data from taiwan. what is going on with data from taiwan. the worst may be over for the bellwether economy after exports unexpectedly rose in june. we are keeping a close eye on the start for china's new star market. morning.eginning t

viviana: bridgewater associates losing 4.9% in the first half of the year. according to the financial times. it is one of the funds worst performances into decades. as global stocks and bond markets rebounded on hopes of looser monetary policy, investors were hurt. phillips is reporting second quarter profits that beat estimates after the dutch company introduced a slew of new products. this to rekindle growth edits consumer health division. chief executive is betting investment and innovation will see phillips through any economic slowdown that he is concerned about the trade war. >> these trade war's that are divisive in the world is a strong believer is what globalization has brought to the peoplei hope we can see coming closer to each other and that will be good for the world economy. viviana: shares falling the most in eight years after the drink maker unveiled an $11 billion deal today ab inbev australian operation. it gives a major inroads into ,he country but the stock investors are concerned. the company is paying top dollar. that is the bloomberg b

cecil clark peter dalglish dalglish north north lanisha north rite john colorado bridgewater sem worm worm perimeter carbobridge scott mowl breckenridge ray fittipaldi fittipaldi>> chairman: we will reconvene the transportation authority commission meeting for today, july 9, 2019. mr. clerk, would you please, and i apologize for this call, item number 10, out of order, which sa district 3 item because i have to go to the groundbreaking for the new affordable housing project with the mayor, and i thought i would take that out of order, and then i will turn it over to supervisor mandelman. >> >> chairman: i apologize for not giving you that heads up. i think mr. white from the m.t.a. is here. he is here, yes. and i don't know if you want ms. meckle to say anything -- >> she is not here, but -- >> chairman: you can do it. >> the proposal in front of you today is the result of several years of discussion about how to advance safety in the project area, so this is a proposed amendment to the district 3 neighborhood transportation improvement program planning project. this would add impleme