Welcome to the pulse. I am mark barton. Francine is at covering london city week. She will be hosting a panel on the economy with vito constantia. And Charles Evans. You can see that here live on bloomberg just after 10 00 a. M. Lets check in on the markets after two weeks of decline, stocks of open higher helped in part by the stronger oil price. Up by onelondon are third of 1 . The pound is lower against the dollar. Growth forecast will be published on thursday as with the latest u. K. InterestRate Decision. Is up by 0. 9 at 45. 78. Lets hit the latest bloomberg first word news. Is here. Ic crude prices are on the rise after wildfires in canada knocked out more than 1 million a day of production. The company iss Biggest Energy and have declared force majeure on supplies from the region. Thats a provision protecting companies from contracts a go unfulfilled for reasons beyond their control. German factory orders picked up in march a strong local trade helped upset a low end domestic d
Welcome to Worldwide Exchange on cnbc. Im sara eisen. Was that song slightly sped up . This is a remix. Its all your energy. We better be suped up on what the markets are doing. The futures are pointing to a positive open. We are not seeing quite as many gains in europe but still gains nuns. The d nonetheless. We saw about 80 points higher about half an hour ago. The s p called higher by 6 points. The nasdaq by 16. The dow and s p made it two consecutive weeks of losses, albeit small ones last week. The nasdaq and the tech sector suffering a little bit more. The tenyear note on the jobs note out on friday, they did see some yield increases, albeit the margin on 1. 78 this morning. As far as the global markets, chinese trade data and oil prices, the chinese stocks closed sharply overnight. Among the reason, weaker than expected Chinese Markets shrinking in dollar terms last month. Imports was the worrisome spot declining nearly 11 . As for the rest of asia, japans nikkei rose up 7 . The
Oil prices. We begin in egypt where coordinated attacks have killed dozens of soldiers in east sinai peninsula. Islamic state of iraq and the levant soldiers said they carried out the bombings. Government crack down on former president mohamed morse. 2600 have died but some you put the figure at more than 40. Military base headquarters and a housing complex for army and Police Officers. The town of rafa on the gaza border was also hit. Road side bomb in suez city to the south. Now earlier we spoke to Hilary Mann Levitt at the american university. Weve seen them increasing in intensity for the past year and a half since the overthrow of president morsi in egypt. This is something historically true in egypt that each time government in egypt going back to gamal abdelel nasser, in the 1950s, to suppress this nonislam ick regime, not that the muslim brotherhood, but not that groups have split off of the muslim brotherhood, to become very violent, in order to fight against a government they
Francine lacqua is off today. She will be back in the new year. Lithuaniahave we got, preparing to join the euro. We are going to speak to the lithuanian finance minister. Is his country ready for the move . We are going to find out. Over theing to talk next few minutes about the a350. What is the a350 . Compositee new have aluminum aircraft from airbus. With designed to compete the 787. It is super efficient compared with its predecessors. Qatar airways is the launch customer. I was talking to Fabrice Bregier about this airplane. He has high hopes for it. This aircraft is sold out. Despite the fact that oil prices are lower, airlines still very much want this airplane. It makes a big difference. Oil prices are down but if you can still fly the most efficient airplane, you can offer the cheapest tickets. In a few minutes, we are going to speak to the boss of Qatar Airways. Looking forward to that conversation. Let me update you on the markets. It is monday morning in the week before ch
Beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But block