News

Be there as it happens

Wells Fargo CEO Stumpf Says He Spoke With Buffett About Lapses|Harken Exits Obamacare Markets as UnitedHealth Startup Struggles|The Brexit Storm Should Blow Out For Consumer Staples|Tesla Shareholders Have Reason to Vote 'No' on SolarCity|Brexit Spurred a Bunch Of VaR-y Rare Market Gyrations|

Timely, trusted, actionable coverage of global markets, industries and economic news.

Publishers

Keep your readers up-to-date with comprehensive coverage of emerging stories and trends that matter most with expert analysis on the issues of the day.

Broadcasters

Give your newsroom the research tools to produce deep, accurate stories and feed your ticker with news that will keep your audience engaged.

Corporate communications

Get up-to-date coverage of market-moving news the moment your executives or teams need it, from the only news monitoring service that offers Bloomberg coverage.

Retail signage

Engage visitors with headlines, critical and current news stories and actionable analysis of US news, technology, investing and more.

Global

Benefit from trusted coverage from more than 2,400 journalists in 150+ bureaus across more than 70 countries .

Essential

Business and financial news and a customizable newsfeed ensure that your audience is always engaged with fresh, relevant stories.


Fluent

From breaking news and market updates to luxury, technology and politics, we bring you the relevant stories in your world, in eight languages: Chinese, English, German, Japanese, Korean, Portuguese, Russian, and Spanish.

We've got it covered

Breaking News

The most extensive, up-to-the-minute coverage of key events impacting the markets and making international headlines.

Markets

Around-the-clock coverage of stocks, bonds, commodities, emerging markets and forex markets from more than 160 countries.

Technology and Innovation

Dedicated coverage of technology deals, industry developments and innovations impacting businesses and consumers worldwide.

Economy

Broad coverage of the ever-evolving global economy, from top indicators and developing trends to forecasts and analysis from leading experts.

Luxury

Coverage of luxury brands, emerging trends and events spanning fashion, travel, food, wine and more.

Politics and Policy

Deep coverage of US politics and major global events by the largest DC news bureau of any news agency in the world – nearly 1,000 reporters and staff.

Health and Science

Timely coverage of developments within the health and science sectors, from cutting-edge medical research to new frontiers in space exploration — and beyond.

Bloomberg View

Pragmatic, independent and solutions-oriented opinion journalism from a team of recognized experts with deep experience in their fields.

Bloomberg QuickTake

Concise and approachable multimedia (text, graphics, photos, video) guides to trending topics, debates and controversies in the news from crowd funding to space mining to guns. Regular updates keep the content engaging and evergreen.

Bloomberg Gadfly

Global, timely analysis of seminal breaking news, providing meaningful context, unusual insights and clear takeaways about how to think about the business world. Bloomberg Gadfly produces commentaries within 1-4 hours of a story breaking and uses the authority of dozens of the world’s best business columnists.

Bloomberg Businessweek

Weekly analysis of the emerging issues and trends that matter to businesses, helping readers draw insights.

News from Premium Partners

Bloomberg Media Distribution partners with premier publishers to provide business, entertainment, music, lifestyle, and health news/video. Partners include: The Hollywood Reporter, Billboard, STAT, El Financiero, BON CP.

Top stories

13 January 2017

U.S. Stocks Rise, Treasuries Fall on Economic Data: Markets Wrap

U.S. stocks rose toward a record, Treasuries fell and the dollar erased losses after solid economic data bolstered confidence in the economy and the case for higher interest rates.

1x-1_5

13 January 2017

U.S. Stocks Rise, Treasuries Fall on Economic Data: Markets Wrap

(Bloomberg) — U.S. stocks rose toward a record, Treasuries fell and the dollar erased losses after solid economic data bolstered confidence in the economy and the case for higher interest rates. Financial shares climbed after three of the largest American lenders reported results.

The S&P 500 pared a weekly slide to trade near its all-time high. JPMorgan Chase & Co. advanced after results topped estimates, pushing the Dow Jones Industrial Average back above 19,900. Treasuries erased gains after retail sales picked up and producer prices firmed last month. The dollar rebounded after touching the lowest point in almost a month. Gold increased for a fifth day, trading near the highest closing price since November.

The data on the American economy reinvigorated trades that had stalled in recent days amid concern that Donald Trump’s policy proposals won’t translate to immediate economic gains. The pro-growth agenda he has broadly outlined sparked rallies in equities and the dollar, while sending haven assets lower in the month after his election. Those moves stalled after the Federal Reserve signaled in December that faster growth could force it to lift rates higher than markets had been expecting.

“Since Trump was elected expectations were set very high,” said Andrzej Pioch, who helps oversee $1.3 billion as a money manager at Legal & General Investment Management Ltd in London. “Now we need to see some evidence in the hard data to support that. We expect the earnings to be modestly up but a lot of positive news is already priced in.”

Read more from our Market Live blog here.

Stocks

  • The S&P 500 rose 0.3 percent to 2,277.74 at 11:35 a.m. in New York, poised for a record close. The index is flat for the week.
  • Bank of America Corp. rose 1.2 percent, while Wells Fargo & Co. added 2.6 percent. Both lenders reported earlier.
  • The Stoxx Europe 600 Index climbed 0.9 percent, rebounding from a 0.7 percent drop on Thursday.

Currencies

  • The Bloomberg Dollar Spot Index, a gauge of the greenback against 10 major peers, rose 0.1 percent after falling 0.5 percent on Thursday. The gauge is down 0.6 percent for the week.
  • Turkey’s lira slid 0.7 percent and is heading for a 3.9 percent weekly loss.

Bonds

  • The benchmark 10-year Treasury yield was climbed three basis points to 2.39 percent, after touching the lowest level since Nov. 30 on Thursday.
  • Bonds were mixed in Europe. Greek bonds led losses, with the yield on 10-year notes climbing four basis points to 6.8 percent. The Portuguese 10-year yield retreated 1 basis points to 3.86.

Commodities

  • Oil dropped below $53 a barrel after making the biggest two-day gain in almost six weeks as Saudi Arabia said it cut output even more than required by an OPEC deal. West Texas Intermediate crude was 0.6 percent lower at $52.72.
  • Gold added 0.3 percent to $1,198.18 an ounce, on track for a third weekly gain.
  • Nickel fell 0.9 percent to $10,185 a metric ton in London, heading for a weekly decline after Indonesia said it would allow some exports of ore, easing a ban on unprocessed shipments.

–With assistance from Aleksandra Gjorgievska Stephen Kirkland and Neil Denslow To contact the reporters on this story: Natasha Doff in London at ndoff@bloomberg.net, Jeremy Herron in New York at jherron8@bloomberg.net. To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Jeremy Herron

©2017 Bloomberg L.P.

13 January 2017

Making Canada Economy Great Again Won’t Be Easy Under Trump

The biggest risk to Canada’s economic outlook is likely the U.S. president-elect.

Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, leaves a news conference ahead of a rally at Grand River Center in Dubuque, Iowa, U.S., on Tuesday, Aug. 25, 2015. President Barack Obama's top business ambassador dismissed Trump's call for a wall along the Mexico border, saying the U.S. is focused instead on expanding business with one of its biggest trade partners. Photographer: Daniel Acker/Bloomberg *** Local Caption *** Donald Trump

13 January 2017

Making Canada Economy Great Again Won’t Be Easy Under Trump

(Bloomberg) — The biggest risk to Canada’s economic outlook is likely the U.S. president-elect.

Economists, and policy makers, are predicting Canada’s economy will finally emerge from two years of oil-shock pain to return to potential this year. Yet, the rise of Donald Trump to power and the threat of protectionism is keeping people from getting too optimistic.

Now the Trump threat has immediate implications for Bank of Canada Governor Stephen Poloz, who is due to publish his latest quarterly forecasts next week, and Finance Minister Bill Morneau, who is weeks away from delivering the country’s budget.

“You can’t plug Donald Trump into your forecasts, but you can plug in a bunch of things as risks,” said Chris Ragan, associate economics professor at McGill University in Montreal and former adviser to the Bank of Canada and the finance department. “What happens if he puts tariffs in imported goods? What happens if he cuts corporate taxes? Another one is what happens if he massively spends on infrastructure.”

Indeed, not all the risks from the incoming U.S. administration are to the downside. Faster growth from tax cuts and infrastructure projects would typically boost Canada’s economy, and Trump is open to approving the Keystone XL pipeline. The president-elect has also focused most of his calls for trade renegotiation on Mexico and China, not Canada.

Not so Fast

Still, any protectionism jeopardizes the free flow of $541 billion worth of annual trade between the two countries. The Trump team’s proposal to impose a 10 percent tax on goods crossing the American border would knock 9 percent off the value of Canada’s exports to that country, according to estimates from National Bank Financial.

Border taxes would hurt both nations, says Linda Hasenfratz, chief executive officer of Guelph, Ontario-based auto-parts maker Linamar Corp. “We are trying to be globally competitive” in North America against overseas rivals, she said Wednesday on Bloomberg TV Canada. The industry is “intertwined” with “parts going back across the border multiple times.”

The threat of new trade impediments comes just as exports are finally picking up. Canada reported its first trade surplus since 2014 last week. An unexpectedly strong jobs report also added to the sense the economy was turning the corner. That’s reflected in the currency, the third-best performing major this year. Swaps traders have all but priced out the chance of future rate cuts.

Morneau was briefed Friday by private-sector economists in his hometown of Toronto ahead of the budget, telling reporters afterward that no border-tax discussions have begun. “We need to represent Canada, represent Canadians, represent our interests in all of our discussions around the world and that is exactly what we’ll look to do with the incoming administration,” Morneau said.

Poloz is also taking final briefings in Ottawa before his interest rate decision Wednesday.
Economists say Trump will be top of the governor’s mind.

“The issue is more about all the question marks regarding the details and to what extent Canada might be hit by a rise in protectionism,” Sebastien Lavoie, assistant chief economist at Laurentian Bank Securities in Montreal and a former central bank researcher, said by phone from Montreal. “They will put a lot of emphasis on the risks to the outlook” at the rate decision, he said.

For now, “downbeat is the right place to be,” said Carl Weinberg, chief economist at High Frequency Economics in Valhalla, New York. “Probably the worst is behind us,” from the oil shock, he said. “The recovery from that however is going slower than I think anyone at the Bank would like to see.”

(Updates with finance minister comment in 9th paragraph.)

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net. To contact the editors responsible for this story: Theophilos Argitis at targitis@bloomberg.net, Chris Fournier, Stephen Wicary

©2017 Bloomberg L.P.

From the blog

solarpanels

All 13 January 2017

Get Smart Fast: Bloomberg QuickTake Book Hits Newsstands

Bloomberg QuickTake Book, a Compilation of Explainer Articles Covers Hot Topics for 2017 - Now Available on Newstands   More

Shelves sit empty at the Guadalajara Pharmacy after looting in Veracruz City, Mexico, on Saturday, Jan. 7, 2017. Mexico's National Association Of Retail And Department Stores (ANTAD) says that over 423 stores have been looted in 8 states as unrest builds due to national gas hikes. Photographer: Brett Gundlock/Bloomberg

News 9 January 2017

The Week Ahead: Jan. 7 – Jan. 14

Each week, we post a small preview of selected events that the Bloomberg Photo Service will be covering during the coming week.   More

Go to the Blog

Get Inspired. Find out more about how to license content from Bloomberg.

Contact Us