HALISTER: Verizon Changes the Channel on FiOS in Shift to Internet TV

Verizon Changes the Channel on FiOS in Shift to Internet TV

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VZ US (Verizon Communications Inc)
NFLX US (Netflix Inc)

People
Michael McCormack (Jefferies LLC)
Roger Entner (Recon Analytics LLC)
Tami Erwin (Verizon Communications Inc)

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UUID: 7947283

HALISTER1: Brazilian Real Above Fair Value on Political Sentiment: Goldman

Brazilian Real Above Fair Value on Political Sentiment: Goldman

(Bloomberg) -- BRL is overvalued and could have reached 3.00/USD or even stronger if BCB hadn’t decided to intervene with FX reverse swap auctions, Alberto Ramos, senior economist at Goldman Sachs, says in interview.
  • BRL’s fair value, compatible with country’s weak growth, ranges from 3.70 to 4.20; “the last thing Brazil needs now is a strong currency”
  • Brazil will need more reforms to reduce production costs and improve productivity to create conditions to survive with strong currency, Ramos says
    • Overhaul of pension and tax regimes are needed, along with cut in labor costs and opening external trade
    • Country also need to slow its inflation to reduce export costs
    • As long as reforms aren’t implemented BCB may keep offering swaps; eventually may buy spot dollar to halt BRL gains
  • NOTE: See Inside Brazil for market commentary
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Alberto Ramos (Goldman Sachs Group Inc/The)

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UUID: 7947283