HALISTER1: Brazil Protests May Reinforce Impeachment Process: Tendencias

Brazil Protests May Reinforce Impeachment Process: Tendencias

(Bloomberg) -- Anti-government protests Sunday may add to legitimacy of opposition effort to oust president Rousseff should the demonstration show high number of attendees, Rafael Cortez, analyst at Tendencias Consultoria says in phone interview.
  • Intense chats over protests in social media, reports that opposition leaders consider taking part point to high magnitude event
    • “All the signs are that the political crisis is nearing its end”
    • Rousseff more likely to exit via impeachment bid approved in Congress than via an Electoral Court decision
    • “There are some exotics proposal around, such as the idea of Lula being invited to be a minister, flag the fragility of the government”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Dilma Rousseff (Federative Republic of Brazil)
Rafael Cortez (Tendencias Consultoria Integra)

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UUID: 7947283

(2) *BNP PARIBAS CUT TO A FROM A+ BY S&P, OUTLOOK STABLE

*BNP PARIBAS CUT TO A FROM A+ BY S&P, OUTLOOK STABLE

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
BGL LX (BGL BNP Paribas SA)
ET FP (BNP Paribas Personal Finance SA)
BNP FP (BNP Paribas SA)

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UUID: 7947283

HALISTER: GE to Keep Life-Sciences Unit Despite Shift to Heavy Industry

GE to Keep Life-Sciences Unit Despite Shift to Heavy Industry

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GE US (General Electric Co)
SIE GR (Siemens AG)

People
John Flannery (General Electric Co)
Deane Dray (RBC Capital Markets LLC)
Jeffrey Immelt (General Electric Co)

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UUID: 7947283

HALISTER: VW Toys With Giving Up the U.S. Mass Market, and Dealers Fume

VW Toys With Giving Up the U.S. Mass Market, and Dealers Fume

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VOW GR (Volkswagen AG)
7203 JP (Toyota Motor Corp)

People
Eric Noble (Car Lab)
Ferdinand Piech (Volkswagen AG)
Herbert Diess (Volkswagen AG)
Jeannine Ginivan (Volkswagen Group of America Inc)
Martin Winterkorn (Italdesign Giugiaro SpA)

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UUID: 7947283

HALISTER1: Janus Stays Bullish on Company Bonds After Foreseeing ECB Buying

Janus Stays Bullish on Company Bonds After Foreseeing ECB Buying

(Bloomberg) -- Bullish conviction in corporate bonds, European banks’ debt, peripheral bonds remains strong at Janus after the very stimulative package of measures ECB delivered yesterday, Ryan Myerberg, portfolio manager at Janus Capital International, says in interview in London.
  • NOTE: Before ECB meeting, Janus saw inclusion of corporates bonds in QE as likely, saw opportunities in European banks across multiple parts of capital structure, favored peripheral bonds; see previous story here
  • ECB mix of measures to support corporate credit spreads, both financial and non-financial, and in different geographical areas; investors may begin to look outside of euro area for wider spreads, better yields, says Myerberg
  • ECB easing package powerful, it will probably take some time to transmit its effects to euro-zone economy
  • Question mark remains on whether there will be enough demand for loans
  • Draghi didn’t want to pre-commit to any further deposit-rate cut; this doesn’t necessarily mean that they won’t reduce it more in future
  • After having crossed the line in the sand by including corporate bonds in QE, the next potential asset to buy could be equity; this isn’t going to happen anytime soon and would be dependent on a more bearish outlook for the European economy and inflation
  • Euro price action shows that central banks and market have a different time horizon; ECB package designed to work in medium/long term and is focused on real economy
  • For euro to go lower, Fed has to hike rates two or three times this year
  • Fed meeting next week may set the stage for a rate increase in June, paving the way for a weaker European currency
  • Long-term conviction for euro remain bearish
  • Conviction in G-10 remains low; risk-on environment should favor EM currencies
  • NOTE: Myerberg manages portfolios in Janus fundamental fixed-income group, which had $34.9b of assets under management as of end-2015
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Ryan Myerberg (Janus Capital Group Inc)

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UUID: 7947283

HALISTER: Buffett’s Coke Ties Range From Pilot Lessons to Ice Cream: Chart

Buffett’s Coke Ties Range From Pilot Lessons to Ice Cream: Chart

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BRK/A US (Berkshire Hathaway Inc)
KO US (Coca-Cola Co/The)
MCO US (Moody's Corp)
AXP US (American Express Co)

People
Warren Buffett (Berkshire Hathaway Inc)

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UUID: 7947283

HALISTER: Mercedes Faces Growth Test as E-Class Brings Revamp Full Circle

Mercedes Faces Growth Test as E-Class Brings Revamp Full Circle

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DAI GR (Daimler AG)
BMW GR (Bayerische Motoren Werke AG)

People
Dieter Zetsche (Daimler AG)
Juergen Pieper (B Metzler seel Sohn & Co KGaA)
Ola Kaellenius (Daimler AG)

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UUID: 7947283

HALISTER: You’re Probably Paying Too Much for Your Mobile-Phone Service

You’re Probably Paying Too Much for Your Mobile-Phone Service

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
T US (AT&T Inc)
VZ US (Verizon Communications Inc)
S US (Sprint Corp)
TMUS US (T-Mobile US Inc)
DTE GR (Deutsche Telekom AG)

People
Craig Moffett (MoffettNathanson LLC)
Michael McCormack (Jefferies LLC)
Mike Gikas (Consumer Reports)
Roger Entner (Recon Analytics LLC)

Topics
BGOV Tech/Telecomm

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UUID: 7947283