Houston, We Have a Data Problem
Hello and welcome to the weekly Odd Lots newsletter, where Joe Weisenthal and Tracy Alloway bring you their thoughts on the most interesting developments in markets, finance and economy. #press
EU Ends Ukraine Crop Import Ban, Heightening National Tensions
The European Union is ending a ban on Ukrainian crop imports in five of its eastern countries in a move that risks a return to unilateral restrictions by member states. #press
The Key Takeaways From UMich's Consumer Sentiment Index
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the key takeaways from the latest consumer sentiment survey with Alix Steel and Guy Johnson on "Bloomberg Markets." (Source: Bloomberg) #press
Private Credit's Popularity Surges
Park Square Capital Managing Partner Robin Doumar discusses private credit's popularity in the era of higher rates. (Source: Bloomberg) #press
Hsu: Consumers Expect Inflation to Keep Dropping
Joanne Hsu, University of Michigan surveys of consumers director, says consumers expect the slowdown in inflation to continue. (Source: Bloomberg) #press
Aramco Buys Retailer Esmax in Chile to Expand Fuel Distribution
Saudi Aramco agreed to buy fuel distributor Esmax Distribucion SpA in Chile, the latest investment in the energy giant’s push to expand its refining and chemicals operations worldwide. #press
ECB Shouldn’t Raise Rates Further, French Finance Minister Le Maire Says
The European Central Bank should not raise interest rates any further, French Finance Minister Bruno Le Maire said. #press
San Diego Airport Is Latest Snazzy Makeover Financed by Bonds
San Diego International is joining the parade of airports getting an upgrade, bringing a little life to a once-busy sector of the slowing municipal-bond market. #press
Danske Bank Offers Rates Above Zero on Some Accounts Amid Rising Ire
Danske Bank A/S, Denmark’s biggest lender, will introduce positive rates on some retail client accounts after lawmakers and consumer groups pressured the industry to match a jump in rates by the country’s central bank. #press
ECB on Right Track, Rates Appropriate: France's Le Maire
"I don't see any need to go further," French Finance Minister Bruno Le Maire says while commenting on ECB monetary policy during an interview with Caroline Connan on "Bloomberg Markets." (Source: Bloomberg) #press
GM CEO: ‘This Is a Strike That Didn’t Need to Happen’
General Motors CEO and Chair Mary Barra says the automaker is “ready for this,” as she speaks about the impact on the company from the strike called by the United Auto Workers against the big three US automakers. She speaks with David Westin on "Bloomberg Markets." (Source: Bloomberg) #press
European Banks in Deposits Tussle Rush to Sell Ultra-Safe Debt
European banks locked in an increasingly fierce tussle with governments over customer deposits look set to crank up their issuance of ultra-safe mortgage-backed debt as they seek a cheap source of funds. #press
Bloomberg Surveillance: Early Edition 09/15/2023
Bloomberg Surveillance: Early Edition, live from London and New York, delivers the latest news and analysis on the markets with leaders in global finance and economics. Salman Ahmed, Fidelity International Global Head of Macro & Strategic Asset Allocation discusses the ECB decision and Robin Doumar, Park... #press
Surveillance: ‘Twilight Phase’ Is Creeping In for Bulls on Oil, Auto Strike
It’s time for another look at the assumptions behind that soft-landing narrative #press
Turkey’s Erdogan to Meet UK’s Prince Edward as Ties Develop
Turkish President Recep Tayyip Erdogan will host the UK’s Prince Edward, Duke of Edinburgh, later this month as the two countries discuss ways to develop defense and trade relations, according to people familiar with the matter. #press
El-Erian: Fed Will Pause, Keep Open Possibility of Hike
Mohamed El-Erian, a Bloomberg Opinion columnist, comments on Federal Reserve monetary policy during an interview with Jonathan Ferro on "Bloomberg The Open." El-Erian's opinions are his own. (Source: Bloomberg) #press
Schwab Says Ameritrade Integration Dragged Down Client Inflows
Charles Schwab Corp. said it has been temporarily affected by attrition from clients as it integrates TD Ameritrade, leading to a decline in net new money for the firm last month. #press
Russia Raises Oil Export Duty Again on Back of Surging Prices
Russia will again raise an oil-export levy the country’s producers pay, bringing more money into its coffers as surging prices compensate for smaller shipments. #press
Aluminum Deal Season Has Started, But No One Is Buying Yet
The annual contracting season for aluminum supplies got off to a slow start at a key industry conference this week, in a sign of mounting concern from manufacturers about the outlook for demand. #press
El-Erian Says UAW Strike Is 'Here to Stay for a While'
Mohamed El-Erian, a Bloomberg Opinion columnist, comments on the UAW strike during an interview with Jonathan Ferro on "Bloomberg The Open." El-Erian's opinions are his own. (Source: Bloomberg) #press
