Yousef bloomberg sources said this week that saudi aramco earned 68 billion in the first nine months of the year, cementing its position as the worlds most profitable company. That came as a saudi news channel said the aisle the with sharesipo, trading on the local stock is strange. Local Stock Exchange. This is something which has been on the minds of policymakers and Investment Bankers and investors around the world for around three years now. About this delayed once 12, 18 months ago, while aramco was doing the acquisition of a petrochemicals maker in saudi arabia. Two weeks ago, we were expecting aramco was going to announce its intention to kick off this process. That got delayed as the government prepared these numbers you just mentioned, the 68 billion in profit. Now finally, we are expected to see the government and the Company Announced their shale will begin onsale sunday. We are in a tree at we are in riydah where they have some of the worlds biggest investors. There are mee
Controversy, but mark said we believe in Free Expression. We believe in political speech, and ads can be an important part of that. Manus the saudi Energy Manager says mohammad bin salman will determine the timing of aramcos ipo, saying it will be soon at the right time. Yousef it is 9 00 a. M. In the emirates. This is bloomberg daybreak asia least. Im yousef gamal eldin. Manus im manus cranny. The bond market, hoping there will be another rate cut in 2020. December might be a debate. Found by seven basis points yesterday, back at 7. 18 . U. S. Treasuries are a must buy. There is risk to the upside. 2 by the end of the year, it is said. Equity futures taking a little higher in the last hour or so on additional traction on the trade front but now the s p 500 is trading 20 times earnings. Some fanfare around Apple Earnings but caution this rally have beenar and they cutting back on their estimates in terms of what to expect in the coming quarters and you could be seen your end around 300
More problems with the va. A controversial proposal to try to alleviate long waits is coming under fire. Why critics say this may cause more harm than good. Melissa back in the markets, major averages ending in the green. Nasdaq is up for sixth straight day, its longest winning streak since february of last year. Phil flynn, price futures group, fox business contributor, watching action in oil and gold from the cme, and lori rothman on the floor of new york stock exchange. Lori, stocks doing an aboutface this afternoon. What happened . Hi, melissa, sorry about that. Some audio trouble. Look at s p 500, look at the close, 2099. One point away from 3,000. Markets pretty much ending the session where they began. Big events this week. Opec, may jobs report. Referendum on brexit. Tepid beige book. Disappointing car sales. That all weighing heavily on investors. We did see big movers in terms of individual names. Begin with whole foods. Shares were up better than 5 today. Credit suisse raisi
Good morning, everybody. You are watching the pols. I am guy johnson, my colleague Francine Lacqua is off today. Explore the to criminal underworld. We will tell you why laundering money is becoming easier than laundering clothes. And johnny depp excepts a new china. Ilm ambassador to find out why you stepping into the Fastest Growing movie market. For after the european debt crisis erupted in greece, European Finance ministers are in athens today. Are your editor david tweed called up the greek finance minister. David, thats it, were done. No more bailout money, right . Well, maybe. There are a lot of things contingent on that third one of them is the economy returning to growth. Last year, the Greek Economy contracted by 3. 7 . The jury is out as to whether it will expand this year. There is a lot of good news that the finance minister is pointing at. The Budget Surplus is sustainable. That mean about whether youre going to need more money . Today, the finance ministers are going to
And good evening. Im erin burnett, out front on this friday night. Baltimore police say they are focusing on what happened inside the van after freddie gay was arrested. Late today the Police Commissioner admitting his officers made major mistakes. We know he was not buckled in the transportation wagon as he should have been. No excuses for that, period. We know our Police Employees failed to give him medical attention in a timely manner multiple times. Obviously major admissions there. The Police Officer also released the picture you are looking at here. They are focusing in on the witness. All right, so they say the arrest is happening on the right but what they want you to look at is the man standing alone in the middle of the street. They say he was filming it. They dont have that footage. They want to question the man. Bus loads of out of town protesters joining what organizers promise is a protest that will shut the city down. Brian todd is out front tonight. Hes in baltimore aga