With your hair on fire. Everybody wants to sing kumbaya and wants to hear that melody floating through. Julia we recap another wild week of earnings reports. It is not turbulent. We are very stable. There is an absolutely an opportunity to drive through. Julia that is all ahead on bloomberg best. Julia hello, and welcome. I am julia chatterley. This is bloomberg best. Your weekly review of weekly analysis from Bloomberg Television around the world. The week began with Important News from oil global markets. Saudi arabia and russia signaled output cuts are likely to continue. He is going to head straight to beijing where the Saudi Oil Minister is speaking. Lets take a listen. We have come to the conclusion that the agreement needs to be extended. We will not reach the desired inventory level by the end of june. And therefore, we also came to the conclusion that ending will probably be better at the end of the First Quarter of 2018. With the same volume allocations that were included in
130 people dead in november, 2015. Islamic state cleansers possibility for that violence. Emergency in power Security Forces to apply the highest level of protection in the runup to springs president ial and general elections. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Live from bloombergs world is in new york, i am scarlet fu. Joe i am joe weisenthal. We are 30 minutes away from the close of trading. Scarlet u. S. Stocks making a comeback. The day after the fed meeting and the fed said they were raising Interest Rates. Joe the question is whatd you miss . Scarlet plus, is cash still ken harvard economist rogoff wrote a book about the sinister side of cash, and we might be seeing those effects in countries like india and venezuela. He will join us in the next hour. And 20 states to mylan and other generic drug makers of conspiring to raise drug prices. We will speak with the connecticut
Indias Finance Minister tells the bbc his decision to pull large banknotes from his nation was justified. And we find out more about a 7 billion refinery being built in malaysia. Good morning, asia. Hello, world. Thank you for investing your time in Asia Business report. Its a tuesday. I am sharanjit leyl. Report. Its a tuesday. I am shara njit leyl. India report. Its a tuesday. I am sharanjit leyl. India will release its Fourth Quarter gdp figures in just a few hours. And those will give us a very good indication of what impact the governments the Monetisation Drive has had. They banned five types of notes last year to crack down on illegal cash holding and counterfeit notes. But It Hit Agriculture and industry hard. We report. Three months ago, these tomatoes were ripe and ready to be harvested. This field would have produced about 30,000 kilos of them. But this farmer simply had to let them go after the government withdrew most of indias Currency Notes in november last year. People
He denies he lied under oath. This is the second hour of daybreak asia coming to you from bloombergs asia headquarters. I am yvonne man. Its just after 7 00 p. M. In new york. I am betty liu. We are looking for fed chair Janet Yellens discussion or talk tomorrow, but for the time being, we are watching how the japanese markets japanese markets are reacting, which shows that the jobs market is tight. Up. Ation seems to be taking it looks like a recovery is underway. A very slow grind. The household numbers, as we talked about, quite a miss, down 1. 2 . With the dollar rising, im sure japan is happy with how that weaker yen is doing. Sophie kamaruddin . Weaker yen, giving the bank of japan some scope to be patient. Japan has been the poster child for deflation, its numbers given some impetus to the idea that its jumping onto the global inflation bandwagon, but we have japanese shares marginally lower, down for the first day after the spectacular rise we saw on thursday with the topics an
Russia. President trump says he retains his total confidence. We are about 30 minutes away from the open in china and hong kong. Day tracking these losses that we had on wall street. They are just kind of checking themselves at this point. A run up a little bit too quickly. In hong kong. Once going on . We do have stock investors after thursdays gains. And acrosss in japan the board here. Down over 1 . Sincefter rising the most november. Minors, the biggest drag. And base metals also slipping today. Checking in on korea, the cost be down about. 8 . Stocks are falling after china reportedly ordered agencies to stop selling packages to south korea. Month andraded last would benefit from the growth in chinese travelers. Now in the red falling over 10 . It was up over 12 . Keep in mind that shipping will Start Services this month. , i want to on taiwan highlight tech stocks. The Economic Daily reporting that it has received a boost in assembly orders to 10 . It saw a sales jump 33 on the b