Im sure welcome to the program. The australian city of sydney has welcomed the new year and a new decade with a massive fireworks display despite its many other parts of the country are not celebrating but a growing fears for residents and tourists in several coastal towns when are trapped by raging fires people have sought shelter on the waterfront and have prepared for possible evacuation by sea its an unprecedented situation and worst affected have been australias 2 most populous states New South Wales and victoria now and the town of molecule down there on the coast thats where about 4000. 00 people have gathered on the beach to try and escape the flames the blazes of also claimed 2 more lives a father and son trying to protect their home several other people are still missing. Stranded by the sea side. Of tourists and locals being held hostage by raging wildfire in the town. To leave. Along the beach for help to calm. The fires along. And we have a look at. Those across the region
We are down across the board these would be losses for the week that will end four weeks of gain weve seen up to this point. Does this count as the first week of 2020, even though it is only two days . We could look at the fiveday thing and if it is up, we could say that is the first week this is up as we see crude oil prices jumping we see that wti is up 4. 1 the gain to 63. 72 a barrel ice brent up by 4. 3 Natural Gas Prices up. Crude is the real focus as tensions are on the rise in the middle east. The market is up 30 from last year that is a place for people to look this year as for gains. We are moving crude from 60. We are not moving from 62 but based on the tensions rising you think about the heighten tensions and what this will mean for the potential repercussions in the middle east the idea of additional strikes of any ships going through the straits of hormuz, people will be watching that closely theyve been blessing with the Oil Production for months. We always look forward
Thousands of people there. Hasa curity 6000 projectiles will be used to help welcome in that new. Security as pools try their best to prevent the bed linens. Celebrating in very personal was. Bringing their own followers the bit of a thing here in the german capital and looks absolutely spectacular of the center as we speak. In the 1st minutes of heat 2020. The. The the. The. And of course is not just building my just cities across the globe have been putting on spectacular shows to welcome in the new year and the 20 twentieths of course new zealand was one of the 1st to see in the new decade with a fiber to extravaganza in. Shortly afterwards taiwans one o one tower in taipei was lit up in front of a cheering crowd. Its north korea also put on a show thousands of people gathered in pyongyang to see the new year in. N. G. By worlds tallest building the burj khalifa was the center of celebrations in the u. A. E. Also in moscow russians were treated to a fireworks locking up the sky of t
Says he is escaping persecution. Angela merkel calls for germans to be courageous and confident in confronting the challenges of a new decade. And her new year address, the chancellor also stresses the need to tackle climate change. Im phil gayle. Welcome to the program. The australian city of sydney has welcomed a new year and a new decade with a massive fireworks display. Despite this, many other parts of the country are not celebrating. There are growing fears for residents and tourists. People have sought shelter on the waterfront preparing for possible evacuation by sea. This is an unprecedented situation and the worst affected have been two of australias most populous states, victoria and New South Wales. In a town on the coast, around 4000 people have gathered on the beach to escape the flames. The blaze has also claimed two more lives, a father and son who were trying to protect their home. Several others still missing. Stranded by the seaside, thousands of tourists and locals
We will talk to analyst Michael Levine as he boosts his price target. Mobility tech is all the rage and uber takes one more step to becoming a onestop shop for all of your transportation needs. Details on the uber bus. First to our top story, u. S. Stocks advance. Heavyweight Technology Companies led a rebound. 100 led by Companies Like salesforce in alphabet, fresh record highs. That means that the smallcap Technology Companies are looking relatively cheap on a valuation basis. Joining us, bloomberg across asset reporter sarah ponczek. Take a look at a chart i am showing on a forward basis, looking like some of these smallcap Tech Companies look cheap relative to some of those big things we cannot stop talking about. Sarah you are looking at the forward price to earnings ratio of the s p 500 versus the s p 600 for both technology sectors. The s p 600, as you can see, trading at a discount, at the lowest level since 2001. I will say that we posed this chart to Jonathan Golub of Credit