Top 3800. Ths germany boosts investment to bolster its economy. The u. S. Is said to be drafting measures to blunt the fallout. A cataclysmic implosion of in response mechanisms, the oil market, equity markets, and it is visceral. To the oil market, the biggest oneday plunge since 1991. It lasted for five weeks the last time the oil market collapsed like this. We are in an unequivocal outright war on the oil market, according to goldman sachs. How that endures, will the russians come back to the negotiating table . Saudi arabia offering their oil at the biggest discounts to anyone else in their wake in 20 years. 20 is on the agenda according to goldman sachs. How did this morph . There is your brand, wti. We will talk to bob mcnally later on. Oil markets with the additional paranoia to really ramp up the markets. We are talking recession risk, Global Health crisis versus Global Financial crisis. The curve, pimco says we are talking about a shock of a recession in the united states. Fis
Obstacle. 10,000 asoin tops the bubble warnings multiply. Anna good morning, everybody. Bloomberg daybreak europe. Our minds back to what happened in the United States yesterday. We are perhaps drawing a line in the sand in todays trading. U. S. Stocks touching new highs. Its the everything is awesome rally. Focus on the things that are good. Tax progress. Positive data. The Senate Budget committee has advanced the republican tax bill. See the index is pretty flat. We had powell testifying in front of the committee. He talked about the december hike. He also signaled he was on the same page as janet yellen. The pound is up again. Could we have a deal in brussels . It looks as if we have a preliminary agreement on the financials. Its a long way to go into actually get to brexit. Youve mention whats happening in north korea. Japan aims to get north korea to abandon the Nuclear Weapons and recognizing north Koreas Nuclear state would be a mistake , but what is the issue for markets . Basi
A little stronger. The Unemployment Rate is a bit lower, and inflation is essentially unchanged. Mario draghi the strong bills momentum in this significant reduction of economics, gives grounds for greater confidence that inflation will converge towards our inflation aim. Yellen i want to see it move up to 2 . Most of my colleagues and i believe it is being held down by transitory factors, but there is work undone there. Draghi the degree of monetary stimulus therefore remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the mediumterm. Jonathan joining me today from the Morgan Jpmorgan Asset Management is bob michele, the global head of fixed income. Lisa coleman, the firms global head of investment great corporate credit. Great to have you with us on the program. It is your turn to grill me. Bob dont you worry about that. Jonathan lets talk about goldilocks growth. We have experienced this for so long. Highgrowt
That news. Also breaking, celgene agreed to junono therapeutics therapeutics for 9 billion. Juno up 27 on that news. David it is merger monday. Brief. W for your morning 11 30, the u. S. Treasury will auction threemonth and sixmonth bills. Is scheduled to vote on a temporary bill to end the shutdown. For clark, netflix releases fourthquarter earnings. Right now, lets get headlines outside the Business World with first word news. The u. S. Government shutdown now in its third day. Congress failed to negotiate an end to the stalemate. A Bipartisan Group of senators is looking at a plan to fund the government through february 8 and take up a bill to keep daca immigrants from being deported. Many federal agencies will carry out closing plans. President trump and theresa may will meet in davos this week according to a spokesperson for may. The president said he canceled a planned visit to london for the opening of the new u. S. Embassy. Signalingussia are there are lines may be lengthy. Pro
20yearold Martese Johnson being arrested by alcohol control agents for public intoxication allegedly on wednesday. The arrest warrant for johnson describes him as acting agitated and belligerent. Johnson suffered a head injury during that arrest prompting some university of virginia students to protest the incident. Nick valencia joins us now in charlottesville, virginia. What did you learn from the News Conference . Reporter earlier this evening, Martese Johnson did make an appearance with his attorney who said his client has been traumatized by this event, that he didnt deserve this treatment. He also highlighted the endless ties to the university from being on the Honor Committee to being on the orientation council. Hes one of the most prominent students here on campus and people i spoke to say theyre shocked this happened to this individual. While police say that he was being uncooperative during the arrest his Attorney Says that he was the victim of Excessive Force. I go to uva i