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Jun 28, 2018
06/18
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kathleen: i'm kathleen hays in new york. our conversation. roberte vice president hormat. bob, i want to ask you about the currency and what the chinese are doing to not stop it or stop it. are they on the right track or do they risk letting the u.s. think they are trying to devalue their currency rather than dealing with a currency that traders are pushing down? result ofthink, as a these very substantial escalations and potential escalations and trade barriers between the two countries, markets are pushing the rmb down. that is a natural reaction that markets would have in this kind of circumstance. i think that it is hard to blame the chinese for pushing their own currency down when the markets are probably much more the reason that this is happening. i will point to the chinese decide they want to stabilize their currency? my guess is that if it were to go down sharply as it has in the past, they might do this to enhance capital outflow of the currency sharply deteriorating. the moment, they are saying markets are pushed
kathleen: i'm kathleen hays in new york. our conversation. roberte vice president hormat. bob, i want to ask you about the currency and what the chinese are doing to not stop it or stop it. are they on the right track or do they risk letting the u.s. think they are trying to devalue their currency rather than dealing with a currency that traders are pushing down? result ofthink, as a these very substantial escalations and potential escalations and trade barriers between the two countries,...
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Jun 27, 2018
06/18
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kathleen: nm kathleen hays in new york. by at the congress in shanghai with our next guest, steve? steve up good morning, kathleen -- steve:, we are at the we ares in shanghai, and here with our guests from gsm eight, thank you for joining us this morning --gsma. how much investors you have this new report that came much showing that asia and china are going to be the markets to lead globally by 2025 in 5g. there are also promises of other technologies that 5g will facilitate, but we have this trade war brewing. >> right, we have a lot of things doubling at the same time, which is what makes this excited. nothing new for this industry, we always have things changing. but i think they are at an inflection point, with 5g improving connectivity power coupled by ai and big data analytics. these two things will provide us with what something we call "intelligence connectivity." intelligentlyll connect everyone and everything to a better future, and this better future is also the theme of this years conference. stephen: do you see
kathleen: nm kathleen hays in new york. by at the congress in shanghai with our next guest, steve? steve up good morning, kathleen -- steve:, we are at the we ares in shanghai, and here with our guests from gsm eight, thank you for joining us this morning --gsma. how much investors you have this new report that came much showing that asia and china are going to be the markets to lead globally by 2025 in 5g. there are also promises of other technologies that 5g will facilitate, but we have this...
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Jun 26, 2018
06/18
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ronald, it is kathleen hays in new york. look at the pboc has to now, they cut the reserve ratio. liquidity.rovide on the other hand they have to try to keep credit from growing too quickly. how will they manage this? ronald: this has been a unique mix of policy. at one point of time, they basically try to maintain a very tight credit policy. these two factors are conflicting factors. they had get to see how the companies can benefit from that. at the same time, i have been talking to a lot of companies in china. also, they are facing very tight liquidity. risk of them are taking a of bankruptcy. >> these trade battles make it much harder for companies of export. for chinese scope companies to push back to say president she must do anything about this? a chinese coming theye manufacturing front, had investment into the state. there is nothing they can do about that. of course, the government may try to smooth the problem a little bit. all these measures need to be -- in order though to not create a panic effect on the econom
ronald, it is kathleen hays in new york. look at the pboc has to now, they cut the reserve ratio. liquidity.rovide on the other hand they have to try to keep credit from growing too quickly. how will they manage this? ronald: this has been a unique mix of policy. at one point of time, they basically try to maintain a very tight credit policy. these two factors are conflicting factors. they had get to see how the companies can benefit from that. at the same time, i have been talking to a lot of...
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Jun 28, 2018
06/18
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kathleen: and i'm kathleen hays in new york.sident trump has taken part in the groundbreaking ceremony for foxconn's factory was kannan -- in wisconsin. trump is trying to make the case's economic policies are paying off ahead of november midterm elections. joe is in washington with the latest. this is really just trump at his best, going to wisconsin, a very important state politically, where he is bashing harley davidson, then welcoming a chinese company is a great player for the u.s.. joe: this groundbreaking comes at a fortuitous time for the president. --is getting harley being the latest example. leading to move operations overseas and blaming the tariffs, retaliatory tariffs that the eu and other companies -- countries impose on the u.s. foronn was a major coup trump and scott walker, the republican wisconsin governor. he was able to highlight the fact that this big factory they project that eventually it will employ as many as 13,000 people. it is a big investment in an area of wisconsin. there is some rumbling on the do
kathleen: and i'm kathleen hays in new york.sident trump has taken part in the groundbreaking ceremony for foxconn's factory was kannan -- in wisconsin. trump is trying to make the case's economic policies are paying off ahead of november midterm elections. joe is in washington with the latest. this is really just trump at his best, going to wisconsin, a very important state politically, where he is bashing harley davidson, then welcoming a chinese company is a great player for the u.s.. joe:...
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Jun 13, 2018
06/18
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kathleen hays, thank you so much for the details there. let's get the first word news with courtney collins. courtney? >> president trump says he will confront china very strongly over trade in the coming weeks. as his administration prepares to follow through on terror threats.- tarrif he praised the personal relationship with xi jinping. the administration plans to issue a list of tariff targets on friday. comcast has made a long-awaited offer to acquire much of 20% three fox. -- 21st century fox. the largest u.s. cable tv it values fox's entertainment assets at $65 billion. bid35 a share, the represents a 19% increase of premium over the disney offer. volkswagen will pay a $1.2 billion incurred by a german prosecutors for teaching regulations. it closes -- for cheating regulations. the world's bigg ys settlement of the criminal case will have other proceeding impacts in europe. british lawmers have rejected proposals by pro-eu politicians that were intended to lock the u.k. into the customs u. and a single market after brexit. as a vict
kathleen hays, thank you so much for the details there. let's get the first word news with courtney collins. courtney? >> president trump says he will confront china very strongly over trade in the coming weeks. as his administration prepares to follow through on terror threats.- tarrif he praised the personal relationship with xi jinping. the administration plans to issue a list of tariff targets on friday. comcast has made a long-awaited offer to acquire much of 20% three fox. -- 21st...
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Jun 14, 2018
06/18
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catherine -- kathleen hays is here. interesting because we got through a rate hike as expected. it was a small shift that hit the bond market, the asian markets as well. go on the terminal tells you the story in pictures. dots saying we hikes this year. those represent votes on the fomc. we had division monetary affairs, an important position, here is what he said about the it is not a solid signal. i would be inclined to think about ierms of re noise than signal. what the fed will do is look at the da and take his clue from there. the dots are an exercise in forecasting. it is true the markets also saw a hawkish change. inflation stronger. i think people should pay stron attention to what he said at the press conference. he sees uncertainty about the natural rate of unemploy he said the fed policy will be guided by incoming data. we will keep our minds open. we are seeingorhawkishns andne: up next is the ecb boj at course. what is expected out of mario draghi? mario draghi, in jt a few hours, and the bank of chinas exp
catherine -- kathleen hays is here. interesting because we got through a rate hike as expected. it was a small shift that hit the bond market, the asian markets as well. go on the terminal tells you the story in pictures. dots saying we hikes this year. those represent votes on the fomc. we had division monetary affairs, an important position, here is what he said about the it is not a solid signal. i would be inclined to think about ierms of re noise than signal. what the fed will do is look...
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Jun 7, 2018
06/18
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kathleen hays is here. this was a huge step by ankara. 125 basis points. t for how long? kathleen: that is as much as we thought the reserve would be hiking rates. turkey getting it done. they have a tough time because president erdogan has been pushing back. they hiked for key rate by 125 basis points. here it is. up to 17.75%. the rate has more than doubled. april 3. over the month of may, that rate has more than doubled. why are they doing this? it is because the lira has been collapsing. this has been a big problem for them. the other line we are seeing is cpi which is higher. the u.s. dollar is rising. their deficit, budget and trade deficit are widening. let's take a look at that so we can understand why they are doing this move they have done. you can see the rate moving up, that is the key rate, the yellow line from our bloomberg library. you can see how the lira has pulled back for now. you can say they made a step but people are still saying they may have to do more. bond investors may want more to compensate for the big rise in inflation. another
kathleen hays is here. this was a huge step by ankara. 125 basis points. t for how long? kathleen: that is as much as we thought the reserve would be hiking rates. turkey getting it done. they have a tough time because president erdogan has been pushing back. they hiked for key rate by 125 basis points. here it is. up to 17.75%. the rate has more than doubled. april 3. over the month of may, that rate has more than doubled. why are they doing this? it is because the lira has been collapsing....
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Jun 26, 2018
06/18
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here in your, i'm kathleen hays. we'll look at how the action on wall street will play into the asia-pacific trading day. markets around the world continue to be trade concerned over how donald trump might go about protecting u.s. technology from china in particular. today at the white house, he defended what he's going to do and explained specifically how he plans to do it. >> we have the greatest technology in the world. people copy it and they steal it, but we have the great scientist and the great brains, and we have to protect that, and were going to protect it. and that's what we were doing. we had a lot of things we can do it through. that's something we've been using occasionally for years, and people were fearing that he might turn toward the international emergency economic powers act, a little use act and something that could have been more severe. a little relief there, but still a lot of uncertainty. a great deal of uncertainty, but it does signal how closely we are developing -- watching these developme
here in your, i'm kathleen hays. we'll look at how the action on wall street will play into the asia-pacific trading day. markets around the world continue to be trade concerned over how donald trump might go about protecting u.s. technology from china in particular. today at the white house, he defended what he's going to do and explained specifically how he plans to do it. >> we have the greatest technology in the world. people copy it and they steal it, but we have the great scientist...
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Jun 6, 2018
06/18
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kathleen hays is here with what is driving the steps towards tightening. b has not done anything yet, it is what something -- someone has said. kathleen: absolutely. they are on the verge of a pivotal discussion, the first one to seriously say, we know we are going to end the bond purchases, let's talk about when. forr pray it has been there six years and is a close ally of mario and has confirmed what is going on. let's listen. >> next year the governing council will have to make this assessment of whether progress so far has been sufficient to warrant a gradual unwinding of asset purchases. in making its assessment, it is important to consider the underlying growth of the economy and to what extent the growth isessment that we make passing through to wages and price formation. kathleen: european bonds, even though this news was out there, they were hit hard in trading today. investors are bracing for the ecb to end up with bond purchases by the end of this year and start rate hikes by 2019. ? why are they taking the step now -- why are they taking the ste
kathleen hays is here with what is driving the steps towards tightening. b has not done anything yet, it is what something -- someone has said. kathleen: absolutely. they are on the verge of a pivotal discussion, the first one to seriously say, we know we are going to end the bond purchases, let's talk about when. forr pray it has been there six years and is a close ally of mario and has confirmed what is going on. let's listen. >> next year the governing council will have to make this...
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Jun 3, 2018
06/18
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kathleen hays is here with a look at the payrolls and that week ahead. a strong jobs report.oes this mean a slamdunk for june for the fed? kathle: yes. i cannot get away from basketball analogies. slamdunk, that is what it is. it seals the deal. we will not have any doubt. let's look at a bloomberg chart from the library to show you the picture. 223,000 nonfarm payroll increase in may over forecasts. the six-month now 200-2000. the unemployment down. we are looking like japan with that rate. -- you havelow in to go back to 1969 to see that. we got acceleration in average hourly earnings, paychecks. the head of the u.s. labor economics team points out you also have to look at another kind of wages, a bigger group that includes people not the bosses and supervisory and production. when we look at this chart, it is important. until this number, the aag, average hourly earnings, nonsupervisory and production workers, gets under 3%, you are not going to have enough boost to get inflation, the key number, the core pce, to get it up to 2% and keep it. that is important to watch. haw
kathleen hays is here with a look at the payrolls and that week ahead. a strong jobs report.oes this mean a slamdunk for june for the fed? kathle: yes. i cannot get away from basketball analogies. slamdunk, that is what it is. it seals the deal. we will not have any doubt. let's look at a bloomberg chart from the library to show you the picture. 223,000 nonfarm payroll increase in may over forecasts. the six-month now 200-2000. the unemployment down. we are looking like japan with that rate. --...
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Jun 10, 2018
06/18
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let's get to kathleen hays, the global economics and policy editor. th the fed kicking off the central bank's best on wednesday. kathleen: a rate hike, the second one this year considered a done deal. inflation has risen. it is near the target. retail sales are rebounding. lower unemployment, all expected to support the rate hike. the fed is expected to move slowly because they want to make targetflation at the 2% is sustainable. let's go to want to -- go to one of our charts. this is the core versus headline pce. why does the fed want to make ? re that that pce stays at 2% for so many years it only with its target once. they want to move slowly. this gets us to another key point. they will update their summary of economic productions -- productions. they do it every three months. this has to do with inflation, but it has to do with how many rate hikes they will forecast. two more or one more, that is the question. bloomberg economics says when they come out of that meeting, evenly divided between a total of three or four, but that could be the market
let's get to kathleen hays, the global economics and policy editor. th the fed kicking off the central bank's best on wednesday. kathleen: a rate hike, the second one this year considered a done deal. inflation has risen. it is near the target. retail sales are rebounding. lower unemployment, all expected to support the rate hike. the fed is expected to move slowly because they want to make targetflation at the 2% is sustainable. let's go to want to -- go to one of our charts. this is the core...
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Jun 13, 2018
06/18
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kathleen hays is here, how much do you think the hike will be. our hikes in total this year, are the hawks going to say that we should be prudent and move ahead before inflation ises? are we going to be too restrictive to fast? we have a chart here looking at judy the growth versus coursey the -- gdp growth. you have the f o gdp at 2.8%, but we have core pce down 1.8. this is supposed to move higher, that is what the fed is considering. also, the economy is strong, but wages are not rising. unemployment is down to 3.8%. wage growth, average stack at 2.6 to 2.7% range. bottom line, i think the tiebreaker is that that fed inflationake sure 3%, so that calls for another rate hike. ramy: could the ecb be heading for an exit? kathleen: we know that they will be talking about whether there will be a public announcement on this. the ecb might want to look at this chart, euro area inflation. .2rmany has inflation at 2 percent. finally breaking 2%. it might be time to say that they will start reducing and purchases in some number. that is reason to do it,
kathleen hays is here, how much do you think the hike will be. our hikes in total this year, are the hawks going to say that we should be prudent and move ahead before inflation ises? are we going to be too restrictive to fast? we have a chart here looking at judy the growth versus coursey the -- gdp growth. you have the f o gdp at 2.8%, but we have core pce down 1.8. this is supposed to move higher, that is what the fed is considering. also, the economy is strong, but wages are not rising....
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Jun 11, 2018
06/18
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our policy editor kathleen hays is here and the g7 ends in disarray with tenet under attack.st and week. so many headlines going on. kathleen: i have to say, i've covered g5 meetings, i've covered g7 meetings. i'll think anybody has seen anything like this in history. another first for president trump, which seems to have upended the unity. it was so difficult they put together in quebec. in fact, the statement itself put together a joint statement and part of the reason they put together is to prevent trump climate pledges and it looked like it would be fine. justin trudeau came out of the meetings and said canada had been insulted the threat of tariffs on u.s. autos coming into the united states. that's a big deal for canada. and that they would proceed with retaliatory tariffs if trump went ahead with these tariffs on them. president trump is on air force one heading to singapore or his big summit with kim jong-un and he tweeted out he's ordering his staff not to find the g7 statement due to trudeau's false statements. the reactions from foreign leaders starts with the pre
our policy editor kathleen hays is here and the g7 ends in disarray with tenet under attack.st and week. so many headlines going on. kathleen: i have to say, i've covered g5 meetings, i've covered g7 meetings. i'll think anybody has seen anything like this in history. another first for president trump, which seems to have upended the unity. it was so difficult they put together in quebec. in fact, the statement itself put together a joint statement and part of the reason they put together is to...
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Jun 27, 2018
06/18
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i am kathleen hays. yvonne: i am yvonne man. trending across the bloomberg platforms, terminals subscribers are reading about the retirement of the u.s. supreme court justice anthony kennedy may leave to the most conservative bench in generations. elon musk has pushed back against a goldman sachs production the carmaker will miss their estimates. another interesting story, family fortunes and the trillion dollar inheritance set to be handed down between generations, a good one to read. check out reticence plans to triple its room count despite the looming -- radisson's plans to triple its room count in china. we will have the industrial. we will know more about the china open later on. those are some of the stories trending on bloomberg online and on the terminal this morning. kathleen: can hardly wait to check them out. the form of a rapidly declining yuan. joining us is the ing chief economist, head of research for china and the pacific. they have cut their year-end forecast for the region's currencies. i want to get right to
i am kathleen hays. yvonne: i am yvonne man. trending across the bloomberg platforms, terminals subscribers are reading about the retirement of the u.s. supreme court justice anthony kennedy may leave to the most conservative bench in generations. elon musk has pushed back against a goldman sachs production the carmaker will miss their estimates. another interesting story, family fortunes and the trillion dollar inheritance set to be handed down between generations, a good one to read. check...
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Jun 8, 2018
06/18
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policy editor kathleen hays is here.us about what actually read -- draft growth down. >> they have low unemployment. consumer spending did slowdown. that was probably one of the main reasons the economy so done. we did have that little bump but let's take a look at why it is so disappointing. we were talking about this chart in the last hour. here you have this 0.6 contraction after nine quarters of growth. this is what has led many people , including the prime minister to say, this policy, our abenomics are working. we get a little bump in the road, with a bounceback? if we move on to think about that aspect of the story, we have to think about exports. exports are such a big driver of the u.s. economy. that is one reason why prime minister of it with trump is so important. it is not just about the summit, it is about working on a bilateral trade deal. that was also news from japan. i want to share a chart because as you could see, you could see a good thing in the second quarter. the white bars are industrial productio
policy editor kathleen hays is here.us about what actually read -- draft growth down. >> they have low unemployment. consumer spending did slowdown. that was probably one of the main reasons the economy so done. we did have that little bump but let's take a look at why it is so disappointing. we were talking about this chart in the last hour. here you have this 0.6 contraction after nine quarters of growth. this is what has led many people , including the prime minister to say, this...
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Jun 3, 2018
06/18
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kathleen hays is here with more. nger than forecast jobs forecast as well as wage growth here. what does it mean? kathleen: there was almost no doubt -- nbt that they would hike in june. if you look at the projections on the bloomberg you see it is 100%. when the fed updates the summary of economic projections which it does every quarter, will the dot plot change? now it is divided between three hikes and for, -- four. so how much will those forecasts be affected? let's look at what was in the report. going into bloomberg, looking at the charts from our library, the may,ll is up 223,000 in previous month's revised lower. the six-month trading averages 200 and thousand, and look at the unemployment rate. it is 3.8%, not since the year 2000, matching the rate last seen in 1969. that is quite a number. what is interesting is the mark human that is the argument here that progress is being made. the issue is wages and if they are rising enough to boost inflation? target? a few things.ws blue lane -- the blue line is the pc
kathleen hays is here with more. nger than forecast jobs forecast as well as wage growth here. what does it mean? kathleen: there was almost no doubt -- nbt that they would hike in june. if you look at the projections on the bloomberg you see it is 100%. when the fed updates the summary of economic projections which it does every quarter, will the dot plot change? now it is divided between three hikes and for, -- four. so how much will those forecasts be affected? let's look at what was in the...
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Jun 14, 2018
06/18
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but will economics and policy editor kathleen hays is here. also, some things were unexpected. to super mario striking again, who else could announce the end of bond purchases by the end of this rallynd still sparked a in bonds across europe that carried over into the u.s.? we can see mario draghi going to the press conference this morning. the tapering of bond purchases will finish by december. the surprise was he sees no rate increase until at least the summer of 2019 because he still because he still sees risk in the economy. let's listen to what he had to say. >> are we achieving the seizures taken today and don't want to underplay the existing race. was peaking, coming off of it. some people say no, it's ready to rebound but that is one of the things mario draghi is concerned about, especially a backdrop of possible trade insions and the problems italy on the political side. another chart to look at is inflation. what is interesting about this, inflation on the headline is about up to 1.9%. exactly where the ecbwhat is in. pretty flat.been a lot of it moved up in the headl
but will economics and policy editor kathleen hays is here. also, some things were unexpected. to super mario striking again, who else could announce the end of bond purchases by the end of this rallynd still sparked a in bonds across europe that carried over into the u.s.? we can see mario draghi going to the press conference this morning. the tapering of bond purchases will finish by december. the surprise was he sees no rate increase until at least the summer of 2019 because he still because...
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Jun 15, 2018
06/18
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bloomberg global economics and policy editor kathleen hays has a preview of the boj decision. ent and governor kuroda's policy has had more than -- time than ever. has he put himself in a corner? kathleen: that is one way of looking at it. another way is that aggressive monetary policies and you less, the number one leg on prime minister abe's stool when he ago andabenomics a year governor kuroda is who he chose to put the policy in place. we know he has been determined to do that. we also know he has had a setback lately. if we look in our library, you can see the line going up. the white line is the main number, the ppi minus fresh fruit prices -- food prices has gotten weaker since the april meeting. 1% year-over-year instead of .7% year-over-year. we are waiting for governor kuroda to hear lots of what he thinks about that. on decision day, we are finding out any change in the inflation assessment, the tone, maybe not as confident could foreshadow. -- labor markets are tight and unemployment is low. let's go to another bloomberg chart. it shows why he has this conviction. y
bloomberg global economics and policy editor kathleen hays has a preview of the boj decision. ent and governor kuroda's policy has had more than -- time than ever. has he put himself in a corner? kathleen: that is one way of looking at it. another way is that aggressive monetary policies and you less, the number one leg on prime minister abe's stool when he ago andabenomics a year governor kuroda is who he chose to put the policy in place. we know he has been determined to do that. we also know...
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Jun 13, 2018
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. -- kathleen hays here. what is at the top of the agenda? four?ts, will that change? this gives the opportunity to say, each one of them, i expect less or more than that. i think that could determine it is this debate. let's go to the chart in the bloomberg library. the turquoise line is the pce deflator and it has reached two point set -- 2%. the core is the white line. only one since 2012 has pce deflator's p2% and stayed there. you have to ize, what are they going to do? are they going to get more hawkish? many officials said a modest inflation overshoot is ok. we are not even there yet. also that they want to be sure that 2% inflation is sustained. i think that's why most people it will remain a total of three hikes in 2018, just one more after the june hike. we will see if that comes true. european central bank, kathleen as well. a lot of talk surrounding them at the moment. are they going to signal when they would start their own tapering program, and how does that play into mario draghi's mind? reporter: we can't say for sure for the exit.a
. -- kathleen hays here. what is at the top of the agenda? four?ts, will that change? this gives the opportunity to say, each one of them, i expect less or more than that. i think that could determine it is this debate. let's go to the chart in the bloomberg library. the turquoise line is the pce deflator and it has reached two point set -- 2%. the core is the white line. only one since 2012 has pce deflator's p2% and stayed there. you have to ize, what are they going to do? are they going to...
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Jun 6, 2018
06/18
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kathleen hays, bloomberg global economics and policy editor.his hour, oil continuing to pull higher on forecasts of shrinking u.s. stockpiles. we speak about the r.b.i. decision. we speak to matthew from janus henderson about where he sees crude prices heading. rishaad: and the strength of the daughter -- dollar. higher oil prices, simmering trade tensions. what could be the biggest risk to global growth. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney. asian markets trading pretty mixed. assets. rally in mixed a little bit of a breeze on lingering trade in geopolitical tensions. the dollar is paring some gains. the gains we have had, for seven straight weeks. bloomberg was told that investors should stay in the markets. >> we are recommending clients to still be in the market, because beyond profitability's, growth we see, they are still supportive of equities in general terms, but we are also very careful in the cyclicality may come in, the geopolitical risk, edging, and thinking about diversification and edging ,s a must
kathleen hays, bloomberg global economics and policy editor.his hour, oil continuing to pull higher on forecasts of shrinking u.s. stockpiles. we speak about the r.b.i. decision. we speak to matthew from janus henderson about where he sees crude prices heading. rishaad: and the strength of the daughter -- dollar. higher oil prices, simmering trade tensions. what could be the biggest risk to global growth. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney. asian...
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Jun 27, 2018
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. >> i am kathleen hays in york. you're watching daybreak: australia.tors grapple with the mixed signals about the trump's team approach the china. joining us now is the chief market strategist at -- >> think you for having me. it has been -- thank you for having me. a tumultuous week that ended with volatility and markets are reflecting that. outhey are. stocks were set for a better day, a little sigh of relief because the president he is fine with foreign investment in the u.s. but there were so much weight put on what larry kudlow said. he is chief economic advisor at the white house, that seemed like a bit of an overreaction. >> perhaps. i am seeing a different trend. i am seeing markets understanding that it is more than just rhetoric. it is not just confusion and inconsistency. there are real-world implications. companies are pushing back as a result of some of this confusion. theou are thinking about building a factory and you do not know what your tax rate is going to be, what you're -- your tariffs are going to be, you are going to hold off. th
. >> i am kathleen hays in york. you're watching daybreak: australia.tors grapple with the mixed signals about the trump's team approach the china. joining us now is the chief market strategist at -- >> think you for having me. it has been -- thank you for having me. a tumultuous week that ended with volatility and markets are reflecting that. outhey are. stocks were set for a better day, a little sigh of relief because the president he is fine with foreign investment in the u.s....
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Jun 6, 2018
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our global economics and policy editor kathleen hays is here.aps off to a out of 43 surveyed who said rate hike is coming. the consensus was no. they were right. the key force probably driving them now. from look at another chart our bloomberg library that shows you three important metrics. this is the key rate for the reserve bank of india, from 6% to 6.2 5%, the first hike since 2014. this yellow line is oil prices. they have gone higher. india is so dependent on oil. come cpihat it has hit 4.6%, the target 4%. that's why they felt they had to act. there is hope. their statement had a dovish tilt. , thesaid one keyword decision of the monetary policy committee is consistent with the neutral -- there it is -- neutral stance in monetary policy with the objective of achieving the medium target for the consumer price index inflation a 4% within a band of plus or -2%, while supporting growth. means wee saying this will keep hiking rates, sit back and be data dependent. a lot of people are thinking it could just be this one. they did say in the stat
our global economics and policy editor kathleen hays is here.aps off to a out of 43 surveyed who said rate hike is coming. the consensus was no. they were right. the key force probably driving them now. from look at another chart our bloomberg library that shows you three important metrics. this is the key rate for the reserve bank of india, from 6% to 6.2 5%, the first hike since 2014. this yellow line is oil prices. they have gone higher. india is so dependent on oil. come cpihat it has hit...
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Jun 5, 2018
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kathleen hays has the story. we have been talking about sometime next week. that's really soon. it's the june meeting, and bloomberg news has learned from officials inside the european central bank that they may hold a pivotal discussion on having a debate and meeting with a public announcement of the specific date on when they are going to finally start winding down the bond buying purchases. this is of course expected to thatn september thinking maybe mario draghi will want to wait and not really announce his accidental july. one of the reasons you could see from moving the announcement up fears seemt of all, to have calmed down. look at this chart from our bloomberg library, and you can thethat the white line, euro area inflation rate, up to 1.9%. the target for the ecb is just under bank. german inflation has jumped unexpectedly along with spanish inflation. will that last? that's one question to think about. another question -- can the ecb ignore trade tensions? that can hit confidence in the economy. some of e latest pmi's. one of the co-ceos at carlisle was the summit earl
kathleen hays has the story. we have been talking about sometime next week. that's really soon. it's the june meeting, and bloomberg news has learned from officials inside the european central bank that they may hold a pivotal discussion on having a debate and meeting with a public announcement of the specific date on when they are going to finally start winding down the bond buying purchases. this is of course expected to thatn september thinking maybe mario draghi will want to wait and not...
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Jun 25, 2018
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kathleen: i am kathleen hays in new york.etting right into the first word news with jessica summers. tradea: escalating tensions and u.s. stocks has in the steepest drop since early april. that comes as president trump promises more protectionism. the dow and s&p 500 fell more than 1.3%. after were repaired pierre navarro said there were no plans to impose restrictions on chinese investment. a spokesman denied that china is the main target of plans to create stricter laws -- they list them as a security risk in terms of new vehicles, robotics and aerospace. mnuchin says it would apply to any country trying to steal u.s. technology. a civil rights group has tried thesk the u.s. to order trump administration to reunify the 2000 undocumented children taken from their parents. halt of calls for a separation of all families seeking asylum. said that the executive order to reverse the child separation policy has explicit loopholes. they have reached a settlement with brazilian prosecutors over the disaster at their mining venture.
kathleen: i am kathleen hays in new york.etting right into the first word news with jessica summers. tradea: escalating tensions and u.s. stocks has in the steepest drop since early april. that comes as president trump promises more protectionism. the dow and s&p 500 fell more than 1.3%. after were repaired pierre navarro said there were no plans to impose restrictions on chinese investment. a spokesman denied that china is the main target of plans to create stricter laws -- they list them...
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Jun 12, 2018
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kathleen hays is here with the rundown. the on rate hikes, what are they debating? ve a lot on their list. let's start with the thing that matters most. hike is priced in the market. the big question is, what happens next? the expectations for future rate hikes, look at this chart with me and look over here, this is 2018. total, six dots, three hikes to. they are evenly split. what is going to determine this? the fed conundrum is the fact that inflation is rising, unemployment is falling, and wages seem to be stuck in a range. let's take a look at this chart, unemployment versus wage growth. unemployment, the yellow line down 3.8%. is stuckourly earnings in a range, the most recent around 2.8. why is it not moving up? in light of this, people are saying one thing that could come out of the meeting is that fed will change its view of the natural rate of unemployment. the rate the economy can fall to without causing inflation may be lower than they think. sirl they might take a look at the neutral rate at which it is not going to hurt the economy and cause a recession
kathleen hays is here with the rundown. the on rate hikes, what are they debating? ve a lot on their list. let's start with the thing that matters most. hike is priced in the market. the big question is, what happens next? the expectations for future rate hikes, look at this chart with me and look over here, this is 2018. total, six dots, three hikes to. they are evenly split. what is going to determine this? the fed conundrum is the fact that inflation is rising, unemployment is falling, and...
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Jun 1, 2018
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kathleen hays is here. what are we expecting? xpecting a global bond market with italy on the back burner. that doesn't mean the crisis is over, but for the bond market, that is off center stage. center stage is the jobs report and whether or not it will signal more re-hikes than have been expected just a couple of days ago. it is expectations for three rate hikes total in 2018. the question is, it had gotten up to pointing toward consensus -- three more times, four, look what happened with the italy crisis. down to two and a half. doubting there would be a rate hike after september. this is where the jobs will play. payrolls rebounding 190,000, a solid gain. unemployment, steady in a light -- tight labor market. average hourly earnings is a disappointment. wages, steady at 2.6% year-over-year. a stronger than forecast jobs report would mean the line going back up to a single of about -- signal of four rate hikes. it will be interesting to see what flattening does to the yield curve. jobs number could raise concern that the u.s. e
kathleen hays is here. what are we expecting? xpecting a global bond market with italy on the back burner. that doesn't mean the crisis is over, but for the bond market, that is off center stage. center stage is the jobs report and whether or not it will signal more re-hikes than have been expected just a couple of days ago. it is expectations for three rate hikes total in 2018. the question is, it had gotten up to pointing toward consensus -- three more times, four, look what happened with the...
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Jun 1, 2018
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matt: that was james bullet speaking exclusively to our fed expert, kathleen hays.s fed's next rate decision june 13. still with us here. 190,000.up wages up. things look pretty solid in the u.s. economy for three rate hikes. what the take from jim bullard's comments. jeremy: that puts him in a withe bit out of lockstep the baseline fed assumptions hit it makes that -- it makes sense. duration of the cycle, it makes sense to persist with that gradual tightening policy. it is going to be very much a gradual one because if it are very concerned about making sure they don't tip the economy over into something far slower and far less manageable. the inability percent of banks to understand how the colts curve is working in the current environment. that's how the phillips curve is working in the current environment. -- how the phillips curve is working in the current environment. i think the fed our time to find their way through that by taking the time to find the latitude for the next downturn does come. matt: 2.6% is better than a stick in the eye. we have been hoveri
matt: that was james bullet speaking exclusively to our fed expert, kathleen hays.s fed's next rate decision june 13. still with us here. 190,000.up wages up. things look pretty solid in the u.s. economy for three rate hikes. what the take from jim bullard's comments. jeremy: that puts him in a withe bit out of lockstep the baseline fed assumptions hit it makes that -- it makes sense. duration of the cycle, it makes sense to persist with that gradual tightening policy. it is going to be very...
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Jun 5, 2018
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kathleen hays is watching and the rate decision in australia. patel and his message to the fed?are hurting emerging markets. this is a statement he wanted to have an impact. he said emerging markets face a double dollar whammy. it is the tapering of the balance sheet, reducing liquidity in the bond market, treasury debt, hurting emerging markets, so much supply out there that has to be purchased by somebody. big capital flows out of emerging markets, and in emerging markets, and in emerging-market bonds andrrenci. you have to calibrate this balance sheets reduction, he pleas. this is counter to what y policy is nothat bad for emerging markets. we will notple say get a rate hike for the next year and a half. some talked about a possible lftening in the stance, let's isten. >> market volatility has been off and we are talking about volatility in e.m. as well. i don't think this is enough to knock the rba's central case, 3% growth. i don't think it will knock it off track, but there are risks that are building. hear from theg to reserve bank of india 24 hours from now. of pressure
kathleen hays is watching and the rate decision in australia. patel and his message to the fed?are hurting emerging markets. this is a statement he wanted to have an impact. he said emerging markets face a double dollar whammy. it is the tapering of the balance sheet, reducing liquidity in the bond market, treasury debt, hurting emerging markets, so much supply out there that has to be purchased by somebody. big capital flows out of emerging markets, and in emerging markets, and in...
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Jun 11, 2018
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thank you very much, kathleen hays. the summit.head on weill be speaking to the former u.s.sador to south korea about whether he believes complete denuclearization is actually achievable. before that, here is a look at the numbers behind north korea and south korea's military might. this is bloomberg. ♪ yvonne: this is "daybreak asia." i am yvonne man in singapore. ramy: i am ramy inocencio in new york. we are counting down to some of the major market opens in the asia-pacific. for more, here is david ingles. we are looking at gains at the open. if nothing changes over the next 15 minutes, have a look at our futures. .6%are looking mainly at gain, closer to 23,000 on the nikkei 225. australia is reopening. we are below 6000. also watching the south korean markets which we will talk about at the open. have a look at majors. want to note,e the story in italy was positive overnight. yields dropped on the two-year. the other thing i want to point out on this board is sterling. they drop following the contraction in manufacturing. a good day for the dollar, and we are continuing
thank you very much, kathleen hays. the summit.head on weill be speaking to the former u.s.sador to south korea about whether he believes complete denuclearization is actually achievable. before that, here is a look at the numbers behind north korea and south korea's military might. this is bloomberg. ♪ yvonne: this is "daybreak asia." i am yvonne man in singapore. ramy: i am ramy inocencio in new york. we are counting down to some of the major market opens in the asia-pacific. for...
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Jun 11, 2018
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kathleen hays in new york. joining us, credit agricole strategist. for a huge week, isn't it, ?here a list of goods that could face tariffs. the banks willn, be in the highlight. there's a risk we think there could be a dovish hike from the fed, in the ecb has already discussed -- you could see indications they will end qe. we think that's good news for the euro-dollar. >> but even as we see the dollar stronger, will that continue? a lot have been been used by how long it has been stronger for. >> the interesting thing about the dollar is that, previously, earlier in the year, the flattening in the u.s. treasury curve rate the fed. was thatning for that the dollar was beginning to wane in terms of its reserve status. donald trump was attacking the very institutions. free trade, independent said, things that make the dollar a good reserve currency. we think this week, with the trade tensions, the fed undertaking the dovish hike and it could lose ground against the majors. -- alsoll oh current smaller currencies. >> you are not talking about the fundamentals of the dollar, not hav
kathleen hays in new york. joining us, credit agricole strategist. for a huge week, isn't it, ?here a list of goods that could face tariffs. the banks willn, be in the highlight. there's a risk we think there could be a dovish hike from the fed, in the ecb has already discussed -- you could see indications they will end qe. we think that's good news for the euro-dollar. >> but even as we see the dollar stronger, will that continue? a lot have been been used by how long it has been...
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hay 63 mujeres trans. andrea: el 17 de mayo tuvo que ser ingresada en un hospital de nuevo mÉxico. dÍas despuÉs perdiÓ la vida. 19 legisladores entre ellos la representante federal demÓcrata kathleenciÓn mÉdica, dental y de salud mental. tienen acceso a llamadas diarias y cuentan con cuidado las 24 horas del dÍa. la neumonÍa es una causa principal de muerte entre los enfermos de sida. de no recibir la atenciÓn mÉdica adecuada. la razÓn preliminar de muerte de roxana fue un paro cardÍaco aunque las autoridades estÁn a la espera de resultados de una autopsia. enrique: y en medio de todo esto, los servicios de inmigraciÓn anunciaron algo que podrÍa beneficiar a quienes tienen un caso pendiente en las cortes de inmigraciÓn. un proceso para agilizar todos los trÁmites burocráticos. de esto nos habla peggy carranza. peggy: un nuevo sistema permitirÁ que inmigrantes reciban sus peticiones digitalmente y no a travÉs de un disco compacto como ahora. >> uno siempre ha tenido derecho a pedir su rÉcord, y usualmente se demoraba hasta un aÑo para que le mandaran. peggy: los solicitantes ya no tendrÁn que hacer su peticiÓn por correo o fax sino que deberÁn crear una cuenta y recibirÁn una notif
hay 63 mujeres trans. andrea: el 17 de mayo tuvo que ser ingresada en un hospital de nuevo mÉxico. dÍas despuÉs perdiÓ la vida. 19 legisladores entre ellos la representante federal demÓcrata kathleenciÓn mÉdica, dental y de salud mental. tienen acceso a llamadas diarias y cuentan con cuidado las 24 horas del dÍa. la neumonÍa es una causa principal de muerte entre los enfermos de sida. de no recibir la atenciÓn mÉdica adecuada. la razÓn preliminar de muerte de roxana fue un paro...