Happyorning everyone, monday. Pmis are coming in. Those numbers and go straight to the market and have a look at the positive news out there and how market traders are taking this. Falling. Area a touch worse than expected. Is a touchng pmi better than expected. Interesting to see the difference between services and manufacturing. What thek at the market wants to focus on, its after that vaccine says preventing 70 of cases. Global stocks are advancing. Focusing on the encouraging news from vaccines across the world. The astrazeneca one done with oxford is not as efficacious as the other one but you have to keep it at a much higher temperature which distribution could be that much easier. Not at all discouraging. Good morning. Over in the u. S. , president elect joe biden is aideing for his longtime as secretary of state. Thats according to several bloomberg sources. Former Hillary Clinton aide Jake Sullivan is expected to be National Security advisor. Could come ast soon as tomorrow. R
Across the atlantic. House Speaker Nancy Pelosi said there would be no chance of a trade agreement with the u. S. If Boris Johnsons action threatens hes in northern ireland. Meanwhile, Boris Johnson is defending his comments in which he intentionally downplays the severity of this coronavirus. President told author and Journalist Bob Woodward he likes playing down concerns to avoid panic. Democratic president ial nominee joe biden said trump failed to do his job and is responsible for tens of thousands of deaths for not getting adequate warning about the dangers of the virus. Now, one in five companies in coveringwith only just debt Interest Payments according to the conservative think tank onward. It is called for the chancellor to relax the rules on virus loans repayments, warning the economic recovery will be hampered by crippling levels of corporate debt. It says borrowing sense lockdown began, threatening to push more than 4 of companies, employing almost only 2 Million People int
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You chose not to do that. My businessenjoyed career. I had 32 years there, i had an opportunity to serve my country and what i really wanted to do was take my experiences and to addressing two of what i believe are the most pressing issues of our time, u. S. China relations and Climate Change. David many people say you get on a merrygoround and cannot stop making money, but you said when you left treasury, i have enough money and i will go do the nonprofit things. Is that right . Hank i never had what i called the disease or addiction to money. When i went to Goldman Sachs, it was 1974. The firm had a couple of loss years. I was interested in working on Financial Issues and working with clients. I was interested
Focusing on the hottest commodities with the smartest voices in the business. First, we kick it off with spot on. It is our take on the big story. Its a tale of saudi aramco and chevron. Joining me is our managing editor of energy and of commodities, and rachel in houston. Lets kick it off with aramco. Testing a 2 trillion valuation on thursday, when will we get to know the real market value of the company . Tina weve had two full days of trading now. They went up to their daily limit of 10 and today they went up about 5 . For a few brief hours, they were trading at the magical 2 trillion level. That is the level that the Saudi Crown Prince was looking for. Where do we go from here . Investors have told us they think it will increase by another 10 to 18 in the next week. On the other hand, we got a note today saying get out, its time to sell. Opinions are all over the place. Alix considering the difficulties the crown prince had bringing this close to 2 trillion valuation, its impressi
Huge Public Health crisis. Carol and aramcos mega ipo is finally set to go. Jason first, here is joel webber on this weeks issue and the cover story, tesla and the complicated ethics of autopilot. Joel thats right. We all like the idea of driverless cars. It seems like the future, right . But how do we get there . Basically, tesla is in the middle of this grand experiment with autopilot, which is viewed viewed as a stepping stone to driverless cars. But there is this big ethical dilemma. With autopilot, which is viewed this cover story is an ethics course of how do we get there . Tesla is already doing this in real time with autopilot, and other companies have been not quite as bold as what tesla has chosen to do. Carol joel, dilemma is right. The more miles we get on the road with something, the better. There is so much data involved in making this better, but in the interim, youre going to lose some lives. Joel thats right, that is the moral calculus that we are living in right now b