Points. Brent really rolling over by about 5 , much worse than wti. It is now a pure demand issue. You see equities taking it on the chin, as well as commodities. Time for todays top market moving news from new york and our london team. We want to begin in the u. S. Come over Senate Democrats blocked Mitch Mcconnells attempt to advance the coronavirus economic rescue package. Minneapolis fed president neel bloomberg the fed can do more to support the economy. We are being more aggressive. Is there more we can do . Yes. Is there more we may end up doing . Yes, but i feel we are being very aggressive. Alix joining me for more is Michael Mckee. Walk us through what he said, what more they can do, and what is going on in d. C. Michael jim bullard is the one who really scared the markets by saying a 30 Unemployment Rate and perhaps a 50 annualized decline in gdp during the Second Quarter. Morgan stanleys is the closest to that 30 , so he thinks things can be much worse. They still say the f
Mahindra. Welcome. Counsel,our fourth have i got that right . An extendedlike family now. We will be talking about how technology is radically transforming Customer Experiences. A little bit of background. You are a Top Executive at tech mahindra. It is a Technology Services business. 5 million per year in revenue. Thousands of employees worldwide. Half of your business is in the u. S. You are based in boston. You travel extensively up and down the u. S. Insight a really unique to some of the disruption that is on the way for a number of industries in the u. S. Big industries such as health sector,tail, the tech the auto sector. One of the things you were that Customer Experience will change radically in the years to come. Because technology permits that to happen. I want to see if we can jump straight in with. Scotia bank is the Third Largest bank in canada. It is almost 200 years old. You have been working with them on home loans. Home loans is a painful experience for most people. T
What curves. Output curves. Kathleen and the biggest demonstration in hong kong in months. The protests will drag on into the new year. Markets have opened. What do you see . Gaining. 2 . Sx 200 ceosurprise resignation of futures are pointing higher. Policy decisions from the fed and ecb as well as aramcos big trading debut in riyadh. And the fed will close out its current session this week with Prime Minister of a going to win a deal. We are waiting on japan final Third Quarter read which could be revised up. We will get a reading on chinas credit data. Seeing the offshore yuan holding steady, the weekly gain trading at the midlevels. The aussie dollar under pressure this morning. The line of 68. 10, easing compared to dwindling odds for the fed rate cut in 2020. Aussie benchmark bonds are mirroring treasuries, falling for a Third Session and looking at cable, marginally lower but above 131 at a sevenmonth high. A big week for british politics and progress of brexit. More on that stor
Carl quintanilla with Morgan Brennan and jon fortt. Interesting monday morning getting news a few moments ago that the president met with jay powell earlier today, tweeted about that got a statement from the fed as well as the market tends to struggle a bit this morning for some direction joining us, michael puree vis, and pete stall good morning, guys good to see you both good morning. News from the fed first and then the white house is interesting. What could they have to talk about . Seems like the macro i think it is interesting you listen to any Earnings Call in the last six months, how many of them are belly aching about cost of capital not hot enough, not low enough there was some belly aching about trade. And Dollar Strength, sure, but the Dollar Strength has been persistent but hasnt been dramatic not a reply of the 2015 and 2016 which threw earnings off it has been a gradual steady rise that allowed ceos to manage more effectively, at least to manage the street better on that
Cost be index with the south reaching its july highs against the u. S. Dollar. Lets have a look at where we are in chinese markets. We will talk about blockchain a little later. Hang seng index flirting with 27,000. Dollar china, sterling on the u. S. Treasuries. He had the doj coming in shortly after. The fed widely expected to cut rates. Trick or treat is how bank of America Merrill lynch is calling that. Among other things topping our minds as we get underway this friday. Su keenan is waiting for us in new york with an update of your first word news. Su President Trump is calling on the world to continue fighting Islamic State. This, after announcing its leader is dead following a u. S. Military raid in northwest syria. Becomes thebaghdadi highest ranking terrorist leader killed or captured since obama trump said the u. S. Is now targeting his likely successor. He is a sick and depraved man. And now he is gone. Was vicious and violent, and he died in a vicious and violent way, as a