Responses on thursday morning prices spiked after u. S. President donald trump responded to the incident on twitter brant crude prices surged as much as 3. 9 percent while west texas intermediate jump by 6 percent before falling back to the mid pfizer around noon iranian officials claim the drone was in their air space when it was down while the u. S. Armed forces directorate for the region Central Command insisted that the drone was attacked over International Waters now joining us deeper into the dilemma are david mack ommaney the c. E. O. Of mckelvey Wealth Management and former pentagon official Michael Maloof thank you both for being here so michael lets start off with the geopolitical aspects of everything going on here we know the importance of the strait of hormuz when it came to congress can you tell us how this has been a soft spot for iran in the past its been a contentious period contentious area for quite some time you can go back to. To the socalled tanker war during the
Major market opens. Paul australia has just come online. China ramps up aid for the economy, a higher budget deficit ratio and asian risk assets, in addition to easing treasury yields, trade is also mixed. Plus, japans biggest listing since 2018. Annabelle what i want to point out is that the Australian Market is sensitive what happens in china. New support measures coming through, Stephen Engle is here and well go through all the details in just a moment. This is an economy very reliant on what happens with china. The Golden Dragon index, that is the last close for that because it tracks u. S. Stocks around the chinese stocks listed in the u. S. But that was the best data we saw since the end of july. Just gives you an indication around how much investors are liking the latest support measures. Were also watching in the aussie session, the inflation focus in particular because we have cpi numbers in the next hour and the handle expected to take down, about 90 minutes from now. China i
Im Katie Greifeld in new york. Welcome to bloomberg markets. We have good news. Stocks, s p 500 up. 7 so far. If these gains hold that would be the second straight day of wins for the s p 500 which feels like hasnt happened in a while. Big tech, the nasdaq 100 currently higher to the tune of. 9 but as we know, everything can change tonight when we hear from tesla, kicking off a big week of earnings. I did want to check in with the bond market. It yields were at higher but now moving lower, the 10 year yield lower by two basis points, very quiet day so far. We will see if that holds. From the bond market to airlines , jetblues nosedives with revenue said to fall more than anticipated this year thanks to bloated capacity in latin america. Last month jetblue laid out plans to drop routes and we have the details. It is pretty brutal. At one point falling by the most since 2020. Brooke this has been the story of the past year for jetblue that they just had too much capacity and is way out o
Netflix coming to Million Dollars ahead of wall streets estimate. Good news for netflix. Investors are hoping for war news from washington. It passed the senate earlier. There is four minutes left to voting. It is interesting because it is quite a few questions about how much it will impact voters. No voter likes a shutdown. You the amount of out. Ive comments coming it is quite the opposite scenario in the prior shutdown theit shows you how much economy is humming along. We have about three minutes left in the vote. It will be interesting to the how this plays out in the next three weeks or so. This issue probably one of the most sensitive ones between republicans and democrats. Lets take a look at how u. S. Markets close. King enjoins us now for more. It underscores that the market has really shrugged this drama. The nasdaq leading the advances and optimism about the economy have pretty much left the markets unfazed. Lets go into the market snapshot. Change. Ot much of the you can se
With the massive social housing problem that we have. To think theyve you know i think we need to have done better for quite a long time. Voice in the wilderness in kensington people listening now because of this awful atrocity on my doorstep and anyone just finding anyone fearful that it will return to a blair eight years when north London Council recently saying the problem with the fact that people like you people is what germany goban is you have ideological dogma. That i mean ive had my the same beliefs the thirty years you can call me a cold the mystique and call me an ideologue dogmatic im going to continue believing what i believe which is a fair days pay people should have a roof over their head that doesnt leak food on the table and children should be educated and if we managed to do that by actually getting tax at a people who text we should be paid in the country where its and wed be a hell of a long way to getting a far more equal society i wouldnt go to thank you. After t