Againlls over the weekend pointing to a conservative victory. We have a mild bid on the german tenyear today, 31 basis points. Weve now got a three handle again. But its a big week for the euro, with the ecb coming up later on. Certainly watching Christine Lagardes first performance after that decision is made on thursday. Vonnie. Vonnie just a little while ago, we got word that paul volcker had died. The former Federal Reserve chairman broke away from runaway inflation brought the bank to and later,lation, during the obama administered and the obama administration, was brought in to create the volcker rule. For more on his luck as we are joined by stephanie flanders. Clearly, volcker had an enormous career. He served under six president s, both republican and democrat. Started to really change the way the u. S. Handles Monetary Policy. What would be his most outstanding legacy . Stephanie i think youre spoiled for choice because he was involved in some of the key Landmark Events in Gl
The culmination of a fouryear saga. We are live in riyadh. Manus a warm welcome by where we are expecting nejra to cross to react riyadh. It could be the narrative the changes the global perspective. Billion. Ised 25. 6 what they make trillion dollars today . Way, the day alibaba ipo, they racked up 38 . We are all lined up to support the kuwaiti and i would be Sovereign Wealth Fund and there is an army of institutions in saudi arabia. They are mitigate the risk and wanted to go well. It to doting want well. Nejra the saudis are doing everything they can. And in the u. K. , the focus is all on tomorrows election and people erp poll has made the risk of a Hung Parliament alive for markets. Manus its amazing how we have pivoted so quickly. Ipos, have amco look at oil. Peter navarro,om no indication of december tariffs. Are we ready for that risk . Thats the question you have to ask yourself. Dollaryen, is it really a safety valve . Look at dollaryen. Fx pain index is back to zero looking
Vonnie we have bowing down to. 5 following those comments from the faas steve dixon. The 10 year yield at 1. 81 , moving around just a little bit. 31 35 on the s p 500, holding onto a small gain despite some stocks lower. That also includes home depot, down 1. 9 . It is up double digits in the past year, but it has had a rough month, and it has lowered its outlook for 2020. It is fighting a number of things, including the resurgence and the fact that the Opioid Crisis has criminals stealing from home depot, and trichet has become a major factor. It is talking about making sure it puts in place is like the fact that its power tools wont work unless they go for a check out in order to stop this phenomenon. It is really quite something. A headline just crossing the bloomberg a few them to go. For partners and elliott in talks to buy log me in. It has lost about 15 of its market value in the last year, but this has that stock now halted. Before it halted, it did soar on the idea that ellio
The 1. 82 mark. A couple of stocks i wanted to point out, this is a Cancer Treatment company, and its been bought by merck at a huge premium. Nicestock is up 103 , so a return for arqule investors today. , down a downgrade at citi 0. 75 . News we got a moment ago, goldman coming into the wework cleanup. The way it works is, and this is goldman stock, which has been moving around, slightly lower, wework is going to be a borrower with softbank. This is supposed to bacon more palatable to other lenders to make it more palatable to other lenders. Apparently goleman has reached out to other banks to see if they want to get involved as well. It is keeping softbank in the game, part of a restructured doingt plan, 1. 1 billion away. The 5 billion plan will come into place, and apparently this loan structured from goldman should be in place by the end of the year. Guy bonds continued to tell a story that the market is not completely convinced by what is happening here. This is what is happening
Will we had that 2 as we continue to get a trade deal . Time now for global exchange, where we bring you todays market moving news from all around the world. From hong kong to beijing, london and washington, our bloomberg voices are on the ground with todays top stories. In asia, chinese economy is showing signs of stabilization and regaining some kind of growth momentum in november. Chinas Industrial Production and retail sales both meeting estimates. Joining me on the phone is in an. Current is enda curr give me some of the details in the data dump we saw overnight. Enda these clearly signal that the economy is ending the year on a better note. 8 . Il sales climbed Industrial Production rose 6. 2 . Theres some caution around the fixed Asset Investment number, which only grew 5. 2 , but nonetheless, the take away among economists was it showed that the stimulus the government is rolling out is having some traction. There were some seasonal effects as well. But when you have a trade ag