Biggest gain ever when it comes to wti in terms of percentage. We are losing steam there. We are not seeing a whole lot of movement here today. The offshore is slightly weaker. It does not seem like theres a whole lot of patterns you can actually string together here now that we are excluding japan. Ending the week back to where we started. Tom weve had another downgrade, another cut to forecast growth. Malaysia cutting its 2020 gdp growth estimates to 2 . A contraction of 2 . They are cutting their estimate to 2 on the coronavirus pandemic. Morgan stanley have upgraded malaysian equities. We will speak to Jonathan Gardner later in the show. We can has kim about the applications of that. Another grant outlook for malaysia. Worldwide cases of the coronavirus have reached more than one million infections and counting. Our chief north asia correspondent joins us on the line from hong kong. This is indeed a bleak milestone. Stephen thats right. Total673 is the latest were getting from the
The european markets were down a couple minutes ago. They are pretty much back up. It seems the feel good factor in u. S. Stocks have now petered out somewhat. Im looking at u. S. 10 year treasury yields, pretty much a picture of stability. The dollar off the trade bound. The dollar, gaining a touch. Coming up on bloomberg surveillance, we sit down with luca paolini, the chief strategist at Pictet Asset Management. Thewe will also break down saudi budget with the director of Economic Research at the Gulf Research center. First, lets get straight to the bloomberg first word news. Sebastian uber has lost the battle as it differs from traditional taxes. The car hailing app should be regulated. The eu court of justice ruling, think of the president sentting. British officials fear spain will threaten to veto, if negotiatey fails to with madrid. It has been in british hands since, 1713 but spain could make a claim over the land. To the u. N. Assador nikki haley is pressing other countries n
About what the boe can and cannot do. I am looking at dollar extending gains. Stocks, overall advancing a touch. This is after janet yellen boosted expectations for an Interest Rate rise in december. We have crude resuming a rally after tuesdays pause. Well keep an eye on the market movements. Ut first, heres nejra cehic reporter President Trump says he is prepared to use devastating military force against north korea, saying his preference was for the world to Work Together to end the onions nuclear to end pyongyangs nuclear program. We are totally prepared for the second option, not a preferred option, but if we take that option, it will be devastating, i can tell you that, devastating for north korea. That is called the military action. Reporter theresa may says she is bitterly disappointed about a decision by the u. S. Government to slap import duties of 220 on a new jetliner. Citedmmerce department improper subsidies. More than 4000 people work for bombardier in belfast, northern
Trump says he and janet yellen are doing well together. This is bloomberg. Im mark barton in london. Stocks marginally higher today, up by a 20th 1 . Overis up a smidgen dollar. Long andng to talk hard about barclays. Look at barclays shares. Down 5. 7 . Deutsche bank down 2 . Getting some details from the norwegian central bank. Rates will be kept unchanged today. Riskslance of economic unchanged since september. Unchanged at 0. 5 . Heres the news with sebastian. Donald trump says hes thinking about getting janet yellen another term as fed chair. Terrific and they are doing very well together. Familiar to people the matter, gary cohn is not open to the fed. Mindel holly faye was speaking asked lucidly to bloomberg. I have a meeting with two banks. They will come and apply for licenses to operate in saudi arabia. Were open. The u. S. House has in responseanctions to irans support for hezbollah. The two bills market first action against iran since President Trump refused to continue the
President wrote new evidence that obama era team at the fbi, doj and cia were working together to spy on and take output. All the way back in 2015. Well, the catalyst for his latest outburst, according to the washington post, was a long debunked Conspiracy Theory that the fbi infiltrated trumps campaign, something the post described as unmitigated nonsense. Nonetheless, trump went on to say there should be no Mueller Report. This was a conflicted investigations in search of a crime. This should never happen to a president again. Remember he has a purpose of it creating conspiracy theories, in this case to undermine the whole russia investigation. Trump made the false accusation that former president obama had him wire tapped. Hes promoted the groundless allegation that it was Hillary Clinton, not his campaign, that colluded with russia. He said the spells counsel was meddling with the elections and propigated the Conspiracy Theory that cnn, tipped off, presumably by authorities, to the