The regions are targeted by the gulf carrier estate. Acrosss 8 00 a. M. Emirates, 4 00 a. M. In london. I am shery ahn in hong kong. It, a sea of red. I dont know how else to describe this. Take a look at the function on bloomberg. You can see the red across the board. Japans nikkei down 2 , plunging. We have seen the yen strengthened for its seventh consecutive session. That is playing into the markets. 3 million leading the declines among asian currencies. We are also seeing sovereign bonds, the yields continuing to rise. Treasury yields falling in asia. The fourth executive session. A lot of people have tried to explain this coming from wall street. Look at this chart that i have for you, it shows that it might not really be. This slum may have very little to do with trump or washington at all. Investors have not been betting on potential changes. You are seeing multinational gaining around at the top panel. Stocks are underperforming the s p 500, and so on. This trade may be off right now, been on forave also quite a while. The seller could have a desk selloff could have a different meaning. Yuse been on for quite a while. The seller could havef that ise market. Could this be the end of the trump trade wealth . Take a listif you that the s p 500. Some of the key shares were bank shares. They were not technology shares. A look at this chart, i pull it out for you and it tells the story of the scale of that over 1 drop we saw. It has not happen in 110 days. Upper bound, lower down, this shows you the magnitude of 1 changes back to 2008 your it good thing here, historically, that is not necessarily a final doom and gloom to come. The index had positive returns and 3060 days after its nine longest running streaks were over. The only time it does not happen was in 1957. Arguably, food for thought there. Lets cross over to this part of the world. It is just under two hours away from the opening of the emirates market, dubai and abu dhabi. It was a quiet day, especially when it came to device stocks. Those were the lowest volumes of the year. Grinding to a paralysis. Still gains of half of 1 . Consumereing discretionary. Let me show you what is happening with kuwait, they are extending what has been the best performing index this year, almost 20 up there. Also passive inflow is helping boost qatar. Its a get desktop about what is happening with risk in some of those key asset classes. Just under 51 dollars a barrel. Down a 10th of 1 , extending of four been the run straight days. That is the longest rally since early february. The s p 500 future is there, caught lower. A quarter of 1 . From thets check in first word headlines from around the world. David chinas benchmark sevenday money market rate. Benchmark is falling 54 basis points. We are talking about two and a half percent, 2. 56. The biggest drop in more than three years. The Previous Year has been injecting hundreds of billions of revenue into the Financial System after smaller lenders failed to make debt repayments back in march. We are told these institutions missed payments for Rural Commercial banks. In china, they help drive japans exports to a high. Shipments jumped 11. 3 , while they left the trade surplus up 11. 3 billion. Exports to china up 28 . The shipment to the u. S. Crew is less than half of 1 . The trump places a lot of emphasis on deficit raised on the perspective of washington. For japan, it is a bit challenging because that trade deficit with the United States continues to be large. The japanese have to decide to they want to push on tpp, if they do, will that continue to antagonize washington . It is impossible for them to fix a 60 deficit overnight. Is to, the best outcome continue to lead on tpp. Sales in theebt middle east. Saudi arabia is trying to raise it and its on sale. To cap the market for 10 billion. Soldslamic bonds could be as early as the seventh quarter. Aramco is expected to also ipo,h its next anticipated which could be the biggest share sale in history. They aimrom geneva say to accelerate the Nuclear Missile program for the first strike capability. The north Korean Ambassador to the u. N. Said he is not afraid of possible u. S. Sanction. Reports this morning them tokyo say north korea may have textile missiles earlier today. Global news, 24 hours a day powered by more than 2600 analyst and analyst in more than 120 countries. I am david ingles and you are watching bloomberg. The u. K. Has joined the ,lectronic devices to ban them tablets, laptops and dvd players. The washington suggested terrorists are planning new attacks. Lets get more of the story on editor. S managing great to have you back on the program. , weere scrambling yesterday understand the impact. I will just quote the reaction around the newspapers. Gulf news quoting nicholas weaver, saying it is weird because it does not match a conventional threat model. If youre interested in turning a laptop into a bomb, it could work just as well in the cargo areas. U. N. Have perhaps thought that the airlines would be more aggressive or played the protectionist card. I have not seen any of that. Came out with a tongue and chief reaction saying on twitter, they put out a video saying we have 2500 channels you can watch. Who needs a laptops and computers . I think the reaction will be that we have to live with this. They might get together and see if they want to play the protection card. They have 96 hours to comply and they will have to comply. I just got back from tokyo and i had to defrost my bag. In terms of where this goes from here, now the u. K. Has joined the bandwagon, could this go further . It is not only the laptops being damage, but if you have Sensitive Information and proprietary information, probably dont want to put that in a cold where you can cease anybody access. Business traveler, nevermind that use of it. In terms of who is falling, the u. K. Followed very quickly, which could indicate they had some sort of heads up. Canada said they were going to mullet as well. I dont think anybody at this point can afford to not have the u. S. Market. I dont think everybody wants to be viewed as the week link. Everyone is looking to see if they want to follow this. A lot of airports, you dont ,ave separate security checks depending on where you are traveling to. Basically, if you are in dubai you say, it do we want to do this for everybody, or do we want to have separate areas if you are going to the u. S. To go through . There will be a lot of disruption in the days coming. I think a lot of people are planning with how they will come to terms with this. Shery especially the passengers that have to go through those airports. The reaction from airlines, airports, the private sector. What about the government reaction coming from Different Countries . Not been any government reaction. It may be the case that they are trying to get to the bottom of it, certainly, all of the reports that we saw come out overnight were that there was some sort of threat. Intel theytest picked up suggested that something may have been imminent. I think from that point of view, it is very difficult for government to take issue with it. At the thing time, they are probably strategizing is he how we can get together and have a reaction. The socalled super connectors, these airlines like emirates have a lot to lose. If you are in singapore, mumbai or nairobi, you have to come to mumbai. You can go to europe to go to the United States. There are vulnerable from that point of view. They are facing strong headwinds already. I suspect they are getting together and we will see reaction in the coming days. Out of the gate, everybody is towing the line on this. Shery thank you so much for coming on. Bloombergs manager and managing editor or it still to come on the show, opec suggest it is committed to a royal oil at 50 a barrel. Ocbc gives its gives us its take. First we look at the performing performance of the markets. Why some analysts a turkey has an outlet. His are not looking too good for china. This is bloomberg. Shery you are watching Bloomberg Markets middle east. Live on bloomberg tv and radio. I am shery ahn in hong kong. Yousef lets talk more about the fed. It has been eight big week. A lot of speakers continue. We have heard from new yorks and george rosen bag. She called to continue with gradual Interest Rate that is shrinking its foreign have to lean dollar Balance Sheet this year. Further removal of combinations will be needed. My Current Assessment is that the pace of removal will not call for it in each meeting, but it does mean more than the one increase seen in the past two years. Heard youterday we can support two or three rate hikes this year, while minneapolis is a loan defender in the march meaning march meeting spirit we have janet yelling speaking this week. Guests all of this playing into the market. Lets bring in strategist from bank of singapore. Thank you for joining us. But start with the dollar. We are now seen get a pro to a key seeing it approach a key and technical level. If you take a look at bloomberg, the bloomberg dollar index is now approaching the bloomberg 1220, 12 16at level. Right now at 1223, that would be 200 days moving average. It has not really reached that level since october. Bullish dollar positions have seemed to evaporate. Wink and the dollar find a bottom when can the dollar find a bottom . I think the initial dollar weakness we have seen was a response to a dovish act. That was until yesterday where the story for the dollar has changed somewhat. Even the concerns about trumps policy, possible policy delay as a result of not getting enough vote to repeal the obamacare. That would hold out the tax reforms. That has taken a hold on the reflation rate. What we have seen since yesterday has been much more narrow in nature. Think therterm, i story could be changing somewhat, but overall, we are the point where dollars will not be great, it will not be bad, it will be just good here it good. Shery you know it has happened with the dollar that has made the story compelling . It has come on the back of these gains of the euro. Even before all of this political election happened in france or germany, where can we see the dollar euro had now . It is still stuck with india, 106, but i am wary about the risk, given we are stuck. We are seeing divergence in the concerns in europe. U. S. , concerns about policy paralysis in washington. In europe they seem to be receiving concerns about the political risk. That its self could drive euro theer, plus the fact that also week in could eaken as a concern about trump policy. We could see it hit 105 or 110. Yousef just to quantify some of that risk, you should pull up on your bloomberg as well. I have put it with the French Election of 2017. Implied from the betting on. Three months with reversal. You can see how that has eased off based off the look latest poll figures. What will be the next catalyst for the euro . Next catalyst for the euro could be, provided the , i thinkor the euro the catalyst for euro could be the falling momentum that we are seeing in the economy. Ecb has been said about the , possibly even raise rates before ending qe. That itself could support it. There could be room for euro to , in terms if politics of the French Elections receives further. Need you to weigh in on something. We are seeing capital flows rush into the emerging benchmarks. The reality is there is still a lot of risk. Andare bearish on the ruble bullish on the indian rupee, why is that . Thatnk the ruble is has been a money chasing after kerry with low volatility environment, until yesterday. Not quite sure how volatile it will pan out in terms of how the concern over trump policy delays will pan out in light of this Obamacare Repeal vote today. Think, in terms of the ruble story, it is well understood and it is still a good story and wellpositioned. Honorable for the price of the kind. The ruble itself seems relative to the old price. The oil price would benefit the is all ine india part. Given what we are seen him terms of the particle picture in india itself, that should provide for the rupee. If you are looking for a routed value. It could be the one. Yousef we will see how that plays out. Thanks for joining us on the program. Lets get a few lines hitting bloomberg. From China Overseas land, nets coming in at 37 billion hong kong dollars. We have a few notes in terms of development. They are saying they are cautiously optimistic on china property. They also see Stable Development in hong kong. Stocks trading lower and a broadly negative market. We will keep up the story for you. Dont miss some of the big guess we have for you on bloomberg tv. Chairman michael who will join us live from our London Bureau at 2 30 this afternoon in hong kong. In bloomberg surveillance we will speak to Andrew Wilson at 5 00 p. M. Hong kong. 8 00 p. M. If you are watching late at night in sydney. Tells us where he sees room for growth, and whether trumps travel ban is a sour point for business. This is bloomberg. Marriott sees global hold tell growth being fairly anemic. He was speaking at the companys Investor Base in new york. He was asked about the outlook for the Hotel Industry and the potential impacts of president trumps travel ban. You think about how difficult it is to predict the next quarter or year, we try to say here is how we think our business will perform over the next three years. What we are laying out has fairly anemic store growth, plus 123 . Essentially this means, how much is the revenue line growing. No great thing. On the other hand, we are talking about opening a hotel ever 14 hours for three years. 300,000 more rooms. Record forry much a the company. Part of that is because we have acquired starwood so we have a bigger platform. A lot of that is where we are. That tends to lag a little bit to travel cycle itself. Of those 300,000 are already baked in the cake. You know you will have rooms and how many have yet to be contracted . 90 of those rooms are identified. Some may not be definitive contracts signed, but we are talking to partners about specific hotels for 90 of those rooms. This is a fairly predictable hit of our model motto. Lets talk about that macro backdrop. You rose you raise some concerns about the immigration and trade policies of the trump administration, then preand inauguration might impose. We have a much better idea of what those policies might look like. Doing . Do we . Yes, we have seen restrictions on Electronic Devices for 10 predominately muslim nations. Do feels concerned . . Yes. We get the that the market continues to be optimistic. The market has some wisdom. It does not always get things right, but it is a great collective source of wisdom. The market is saying, we think the economy should perform better in the quarters ahead, maybe the years ahead. Then we thought six months ago. The fact that that continues to be the case, i think is a positive sign. On the negative side, we still i stayed do we really still have that much clarity . Trade at large, we are not engage with negotiations with the mexican government, the chinese government. As far as i can tell just by the way i am not in the middle of any of this. Do we get a sense of intentions . Sometimes those intentions are we want to deal and we want to get a deal. Rattlingentions are the papers and we are not sure we want a deal. The travel bans are their own particular issues. That impact travel more. Defector factor those things into your mediumterm outlook . Know it we are looking at granular data every day. The travel ban decisions have not yet had a profound impact on travel. Of those 285,000300,000 rooms, where are we going to see most of that . Thehe u. S. Will still be disproportionate shares. About half the rooms may be in the United States. China would be the next big place. In china we have about 300 hotels open, 500 hotels in the pipeline. Yousef that was president and ceo of marriott international. Oil sentiment is slipping as u. S. Stockpiles rise. We will ask what opec and its friends can do now. Wti holding a 48 and . 12 a barrel. This is bloomberg. Livestream your favorite sport at the airport. Binge dvrd shows while painting your toes. On demand laughs during long bubble baths. Tv everywhere is awesome. The allnew Xfinity Stream app. Xfinity. The future of awesome. Its 12 30 here in hong kong. These are your first word headlines from around the world. She expects more rate hikes this year, but not every meeting called on to centralbank to continue its gradual rate increases. She sees the economy spending above 2 . Shrinking thes fed Balance Sheets in 2017. U. S. Supreme Court Nominee neil gorsuch says that he would not hesitate to rule against donald trump if the lot required it. He also refused to say whether for the on travel muslim nations. He did say that the constitution has many protection from religious minorities. Made no such promises about how he would rule on any decisions. No one in the process, from with an i was contacted expression of interest for a potential interview, to the time i was nominated, no one in that process, mr. Chairman asked me for any commitments, promises about how i would rule in any kind of case. Israel is asking china to in companiesions after meeting the president. Beijing seems willing to live currency controls for those who want to invest in is really tech. Last year one third of israels tech came from china. The controls were in post to stop the outflows. Over to egypt, the country has approved plans for a tax on the acquisition of local companies. It has to be 3 10 of 1 . Also in cases where 33 or more of the local form is sold. From is sold. They have agreed to delay the implementation of the Capital Gains in the last three years next to three years. Local news, 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am david inglis, this is bloomberg. See one cannot really market that is in the green right now. For truly markets falling. Lets get the latest. The correction that we had to have that a lot of analysts are saying. We do have to remember that the regional index has been trucking at 21 months high. Emerging stocks have been higher for eight consecutive sessions. A accept asx 200 performing in the region dump way 1. 6 . It weighed heavily in on those mining stocks. Nikkei being sold sold off closer to 2 . Stocks in hong kong come up to a lot of earnings coming through after the bell, watch out. Also seeing a lot of these currencies coming under pressure. Buying back and safe havens. You are seeing yields on most of the asian bonds. By those material players. You are seen banking stocks coming under pressure, particularly in shanghai. The benchmark money rates rising to their highest since april, 2015. Hundreds inject billions of yuans after rulings of commercial banks filed on their loans. Yen, this ist the 699 one, the yen on its strongest winning streak and about two months. This is really still about 100 and 11 111 level. Be artainly looks to little bit stronger at the moment as we see the safe haven assets in place. Yousef i like how from the group says the amazing run the market has had since the election lets no room for be a error bit stronger in any kind. Would see how this is affecting the energy space. Oil is still trading lower. Looking at wti, down a quarter of . 13. And stockpiles forecast expanding according to a bloomberg survey. Raising speculation, the surgeon drilling is error offsetting opd its allies. Lets get more on the story. Great to have you on the program. I put the state of play in a chart on the bloomberg here, showing how much oil opec is bringing to market, and the u. S. Crude supply. Of how thee story u. S. Inventories are offsetting opecs efforts. The question becomes, are we reading too much into this, because that is what goldman is saying. It needs time to work through the system. Is that something you agree with . I think the key concerns for the falling price is the cost of and foreignh u. S. Countries. I would say that the markets abouteen overly concerned this issue because of a few reason. The higher industries came during this period. This could be a seasonal thing. The revisedlook at u. S. Oil production cost by the u. S. Department, that they are only forecasting above 9. 2 billion barrels a day of from 9 billion barrels a day of increase for this year. This is about 200,000 barrels a day of increase. In opec oilust this forecast they actually look for 1. 2 Million Barrels of cuts. This raises a question, is the opec strategy working, or when they come in huddled together, do they need to raise their game and take more oil out of the market . Barnabas as i was saying during the higher u. S. Oil production and the falling opec production if you look at fundamentals, a lot the rebalancing story of the second half of 2017 seems to be on track. If we just like at one data point, or two data points on the u. S. Oil, it is hardly key the glutto show that still consulting still continues. It comes to affecting oil price. What is more important right now the slow down and the appetite, especially as the markets are concerned over the ay of president trumps that frank, if there is a slow line risk appetite, we can be for sure that oil price should take it plunge. Look at theve to technical levels. Take a look at the bloomberg. Crude at one point plunging through the 48 a barrel. It is now below its 200 moving a average. That was the 38. 2 . Two indicators converged to provide support in the past year. Given that these technicals are in play now, should traders brace themselves for the decline . I guess we still need time to see. It is something i look at very closely. Reached a 200has moving day average for sometime in the past. It has actually went up. This is a technical aspect. More importantly, from the fundamental point of view, i do advocate a rebalancing story. I do believe in it in 2017. I have faith that the recent production cuts by opec just look at what they have done. We have to play pay close attention to what opec is saying. They are looking for 60 per barrelproduction of price for c. They did say that, if in need, they will postpone an extent agreement beyond the second half. This is something we should look at very closely. They we wont know until decide in may, but if you take a look at the rebalancing story, Business Leaders are being a bit more confident. We are seeing fewer Oil Companies fall through. We are actually seeing that they have announced more than 48 billion in acquisitions this year already. Candace confidence in the business side last . Does that mean anymore activity coming up . There is confidence that oil prices will increase into the year. There is confidence that oil prices will rise, just look at the polls. 56 a barrelg at this year. We are looking at 55 at the end of the year. I guess that the confidence will increase when it comes to higher oil price. As all economists say, a lefthanded and a right hand, not one hand on the other hand. I am looking for a rebounding story. We should pay very close attention to what opec in the u. S. Is saying. U. S. Hope that the higher production at 200,000 barrels a day stays that way. Thec does faithfully reproduction cuts. Shery do stick around, we do want to get more from you. He is coming back in a moment. He will be talking us through a look at metals. Supreme Court Nominee neil gorsuch its has a stump for a question. Said, ask him whether horseld rather fight a sized duck. I have never heard it either. I only read it a while ago. That is where it is going. Am very rarely i at a loss for words. You got me. Yousef you are watching bloomberg. Im shery and in hong kong. Still with us in singapore is oc ocbcs barnabas. Thank you so much for hanging around. Lets talk about gold. Bit offeeling a little downward pressure and the asian trading session. A lot of people liking the metal, just because it also acts as a hedge for inflation. At the same time given that we are seeing oil retreating and have uncertainty over whether they are lasting, is it too early to be hedging inflation . Is a stranged animal. There are so many factors at play affecting gold prices. Inflation is one. But gold is a safe haven. I think keyword in the current market is the word uncertainty. There are so many things in the market. It has been off the table since we have seen it fall by the most in a year. , there is somey uncertainty over trumps fiscal plans. We also have the european issues ongoing. We have the elections coming up, germanys elections in the second half. All of this plays into the scheme of being the scheme of things are what this plays on the market. That goldo surprise has been edging higher every time when the Dollar Strength falters. Physicalat about demands for goal. If you take a look at india, gold imports soared last month because we had some festivities there. India, you have the consumer china. When it comes to the physical demand of gold itself, is it supportive of prices . In our research, we have found that fiscal demand has blank has uncle price. On gold price. Fiscal celebrations in india have increased gold demand. This is from a seasonal perspective. I suggest we dont wait too much on fiscal demand. It does not necessarily mean gold prices fall as well. A lot of it is based on the on how the Dollar Strength will perform. What will yelling do in the three quarters of the year and stuff like that. Theef talking about Precious Metals complex as a whole, i pulled out a special chart. Take a look at this. You can see it outperforming all of the other metals. It would not have mattered if you were gold, silver or platinum because he would have been down 3 since donald trump was elected. How will this go forward . Which metal is likely to outperform in the next quarter . Barnabas i think it depends on the Global Outlook we are looking at. Are we looking at a gold outlook into 2017, or are we looking at a per cautious view when it comes to Global Outlooks . At the growthking outlook, growth related commodities and industrious Precious Metals will over perform what they call the more Precious Metals like gold and silver. Beyond that, i think what is in or in is what you should look at. What yellen will do. Raisederal reserve will Interest Rates by three times this year. Two more times in june or december. Thatthey have found is gold prices are very much dependent on Dollar Strength. It is very much dependent on what the markets are looking up for the rate hike. The Dollar Strength should weigh on oil prices. Should outperform gold and silver. Much forank you so joining us. The ocd ec economy commodities. It has been a big revenue stream for ibm and it is expanding its business in china. Says, china is an increasingly important part of its operation. On theill be a partner cloud, but we have a very Large Business in china. It is ibms business there appeared we were one of the very first part we have been there in china. 35 years very wellestablished brand, well respected brand. We have partners with the banks there and how the inks are brand. We have one of the most sophisticated operations in the world. In the cloud, what we will do is partner. The mostone of successful private companies in china. Great attitude about agility and wanting to move forward. As well, they have a huge business that will also be on this cloud. It will be both a customer of the cloud and a partner of the cloud. It will be a great footing. We have a very good ecosystem. Both our ibm clients, as well as the large ecosystem in wanda coming together. I look forward to that being a very Successful Partnership there. Youo you have a view on how want china to be in terms of your revenue stream . It is an important part or good part for cloud, i see two models there. They are very large state owned reallyises, then it is trying to build in power and onchip entrepreneur bowl segments. And day. You really do need to look at those two markets differently and support them both. We were strong in the enterprise market. Now we served them with the cloud and the entrepreneurial market. What is amazing about china is the tech talent they had. Comparing it to the u. S. Tech talent, how confident are you about the talent in the u. S. . This topic about talent, any country i go in we have this discussion. It is the same concern. The workforce in front of us needs a different set of skills than the workforce behind us. What we are both talking about in the United States is how to build these new powers skills. You dont necessarily have to have a Fouryear College degree, but you have to have a curriculum in technology. Isost any job you do, if it manufacturing, you can live in this. China has that challenge, as well as every country in this world. Whether it is germany, united dates, about building this new set of skills. That is something we have been focused on. Something we started several tors ago called Pathway Technology schools. These are public high schools in conjunction with the community college. Curriculumt given a that they will hire fun. Bloomberg markets middle east. Higher from. They come out with a High School Directory and Associates Degree and they are employable. Got to 100 of the schools in the United States. We have got in 300 other companies to come in with us on these. What we do as a company, we give a curriculum and we provide mentors. All of our employees are happy happy to do this. Throughbe 40,000 kids the schools and i have hired hundreds of my own. This is a model that is scalable across the world. Current administration helping with the tech talent here in the u. S. . The Current Administration understands and sees that it is an important thing. I am pleased with the focus for putting this on. I think it will give us a chance to scale schools like this and other models too. We can scale them through a Public Private partnership. You have to work on apprenticeships and credentialing. Those three things are recipe that will really help prepare for the next era. Yousef that was the ceo of ibm. Coming out around turkey, the isister for European Union speaking to bloomberg. Some very interesting lines here. Turkey to cut cut cost rates with theEuropean Union deal. They will not change terrorism laws as eu requested. Also saying that the refugee racistrevented a backlash. Underscoring that on the death penalty, that would depend on the eu bids continuation. Lets get you a preview of what is still to come on the program. We will get yields from the key crawls ahead of your trading day. Tediousurvive a long flight. Shery we will give you the details on those hacks. This is bloomberg. Yousef you are watching bloomberg. Shery i am shery ahn in hong kong. Ofare seeing a risk sentiment reverberating across markets in asia. Falling the most since december 15 of last year. I cannot wait to see how the markets in the emirates will open. Sentiment will be subdued from the latest travel restrictions on certain airlines. Depends onlace that connectivity. We will get more on that in the second. First on Company Earnings and company news. The saudibased clothing repair retail is planning for egypt. Shopping to build malls over the next three years. You are looking at the stocks down 16 . The consensus rating here is to hold. They have picked an Investment Banking team for the emirates bank. Focus as well. N the South African rand has been a very interesting trade in that complex. Onry you mentioned the ban middle east airlines. A ban on passengers carrying laptops from direct flights to the u. S. From to buy and so on. We have to give you some hacks for our viewers of course, how you can overcome that. We have this great read on bloomberg. Some very interesting points. Just kerry a pen and paper. Beenooks people have carrying around. Also smartphones, you can put everything in there. If you are not allowed to carry laptops, tablets, portable dvd players, it then you have to get around it somehow, dont you . Yes, look, the issue is, when you travel a lot you get through a lot of the in fight entertainment. He would have seen most of the movies. Most of the time you are tired you can never remember what you saw, so you can never tell the story in the years to come. Elementsore important will be the interesting reactions from the local newspapers. We will see how this plays out. To come onlot more this front. Those are some amazing hacks. This is that is it for this edition of Bloomberg Markets middle east. Fallingmarkets are across the board, virtually all markets down. We will have the details next. This is bloomberg. Is an update of the stories. Equitiesion off of concerns ofrowing findingp policies not easy passage in congress. There have been billions injected into the system. Institutionshe include her