Policy politeness. Draghi holds the door open for yellen. Will she stepped through . Through . He stepped weve got the fed on wednesday. His is a bloomberg report the boj on more Japanese Equities than the worlds biggest asset managers. We asked what is left on the Shopping List . Good morning hans. We have a big week it comes to the central bank story. Politics fascinating and germany. , obamathese leaders corralling everybody in the same room. What are they going to be talking about . Hans theyre going to be talking about the middle east, syria. More the industry side of things, the economic side of things, they are talking past voters. It is remarkable to me when obama and merkel, they are talking free trade and yet very few german politicians are willing to publicly say this is going to get done. Everybody is playing defense on trade ahead of these waning hours of the obama presidency. That is the challenge moving forward. Guy it is going to be interesting to see what the subject a
Decision. And seth marion is here over worries about characterizing volatility. Jon lets get a check on the markets for you. Futures positive, dow futures up 41 points. Over in europe, after the gest weekly drop since euro weakness, switching of the board, eurodollar was on a fiveday losing streak. 1. 1389. In there at and then nymex crude, up two full percentage points. It is seen as a tussle between the news over the weekend, the new oil minister in saudi arabia, and what is happening in canada with the wildfires spreading over there. I want to go live to the city of london and get the latest with bloombergs will kennedy. Lets talk about the immediate the spread of the wildfire, the reality that one Million Pounds of oil a day, production, has come off. How shortterm is this . That is a very good question. At the moment, it is a Million Barrels. Even if the fires calm down, which it looks like they are doing, it will be at least a week before they get back online. Many thousands of w
Now. The question of the day should be harrods . Is in considering any major changes in syria. Has become an Major Military player in the conflict. H sees the move as a sign of desperation. Running your economy into the ground and having to send troops and in order to prop up, the only ally is leadership then we have a different definition of leadership. Julie meanwhile, putin discussed the attacks with saudi Arabia Defense minister, the officials signaled that they would be willing to let assad stay in power. A report today from iran says a Washington Post converter reporter has been convicted. A judiciary condition offered no details. The u. S. Has criticized iran for trying him in secret. In turkey, no one has claimed attacks. Ility for the the attacks happened at a rally. Alling for Peaceful Solutions glencore has been hammered by the summit Commodity Prices, shares are down 55 this year. Those are your top headlines. Back to you in london. Tom lets do a data check. There is nothin
pretty bad. Imf world bank, not many phones. Not many planes. Tom we have news right now, this does continue on, we are now indicating challenges. German confidence is actually very very low. Emerging markets and also because of the influence that russia is having in the middle east. Expecting 6. 5. Tom you see that in futures as well. You see it in yields. Breaking also getting news from volkswagen, so they are progressing 1 billion a year. Tom vonnie quinn is in new york. Vonnie good morning. There has never been anything like this in the brewing industry. Sab miller is being bought by ab inbev. One out of every three beers sold will come from one company. In china, imports are now on the longest losing streak, they fell for the 11th month in a row. Plus, domestic demand in china has been falling. There are reports that Russias Embassy has been hit by fire. A Russian News Agency says there was damage but no injury. There is report of Russian Military action in syria. A newrland is im
Surveillance. We are just getting some figures. This is quite telling. This gives us the mood of german confidence. Withseems to be in line what economists were telling us. The volkswagen scandal has not impacted germany as bad as we were expecting. A lot of the shift might be on the fed later on this week. We saw the index go up a little bit. The overall headline number is better than expected. Maybe that could give hope that the ecb is getting through to the economy in europe. We do have the fed later this week. Its not expected to do anything. That is what we are hoping for as well. Draghi, theseis a businessmen in germany are seeing. Francine european leaders are battling over how to handle refugees. Vonnie Angela Merkel and other leaders managed to come up with shortterm fixes. One of them is Emergency Shelter for 100,000 refugees. The western elkins have been swamped with refugees. The European Union will start falling apart if there is not a solution. Opposition party will have