Talking about oil, weve been watching oil along with wild moves in stock market all week and last several months michigan congresswoman House Community member is here. Talking about china trade dont ms a moment of it. So weve got a rally this morning underway triple digits move after we saw that huge wild week last week. Three down weeks in a row looking to break the longest losing streak since may if weve got china trade, tensions President Trump commented on negotiations yesterday. Heres what the president said. Monetary manipulation and pouring money into the krnghts because they dont want to lose jobs but losing as you know because you reported it but they lost over 2 million jobs in a short period of time and they want to make a deal see what happens but they want to make a deal. If i wanted to mawk a bad deal and settle on china market would go up but not the right thing to do. Im not ready to make a deal yet. China would like to im not ready. President says that apple ceo tim co
Something. I think it wants to go higher t need as nudge. Here is great news. We have lot of folks with their thoughts some even agree. Ed yardeni is bringing back a word jay powell didnt want to hear again. Billionaires are closing ivy league wallets over failure to attack amass on the attack in israel. Jim iurio on that. Plus im making a plea to macys on behalf of miss mable. All that and so much more on making money. Charles all right, lets start with the word of the day, maybe of the last few months with respect to the stock market right, interhooks. Interhooks, the. Tenterhooks. Drying out clot, a novice waiting, that is where we are right . Were seeing some of this news comes out. We get a kneejerk reaction if the tenterhooks release themselves. This is particularly overreaction to the selling side. I think that is the case with respect to retail sales. Who monitors this closely my friend, phil blancato. I like that word. That is where we are. Tremendous debt costing us a lot of
Its thursday 8th february. Im annita mcveigh. Welcome to bbc newsroom live. Within the next half hour the leader of the house of Commons Andrea leadsom will be presenting the results of a cross Party Investigation into Sexual Harassment at westminster. Well be taking you there live when it starts, but first the findings show that nearly a fifth of people working in parliament have experienced or witnessed Sexual Harassment in the past 12 months. And the report recommends a new code of conduct and compulsory training to help mps understand and prevent harassment. The review was set up last year after several harassment claims against mps and staff. Our assistant Political Editor norman smith is at westminster. We now have a set of proposals which mps will vote on, to revamp procedures for pursuing complaints of Sexual Harassment, a new investigating process, a new code of conduct, but nothing particularly new in terms of sanctions, and that is what will concern many people who work at w
Sterling at 139. Having the best performing currency against the dollar. David i want to turn to guy johnson who is on the spot in london. We just got these headlines. Surprises here . Guy that is not a surprise. That was anticipated. Surroundingnguage the next rate hike that is pushing the markets to do what it is doing. You can see what is happening with the cable rate. The pound is pushing higher at this point. The market has been pricing in the possibility of an earlier rate hike in anticipated from a. From may. We are starting to see that may be returning and talking about the fact that maybe that rate hike will come through. It is not a surprise we got a 9nil vote. It tilts on the hawkish and. Hawkish end. David the time in question. Help me through this. As i read this, its his three hikes over three years. When those hikes calm is that the deal . The rocket needs to price in a little more. The market needs a little withdrawal. That is what is priced in but it is shifting it a l
Asia. Mark carneys there is no rush to raise rates. Ma saying china will drive the Global Economy for decades, urging america not to miss the boat. More reaction to the msci decision throughout the morning. It is a question of locally traded ashares comprising as of Global Emerging Markets gauge. Thats right. About howen talking these china Largecap Companies have been outperforming the small cap. 123 on your bloomberg. You can see these are the big airlines,c, take among those that will be added for ashare and collusion. Capquestion is this premium gap between ashares and hshares. As this move gets underway, we will see the valuations in shanghai come down to match the global level. Lets get a look at the markets ahead of the china and hong kong open. These twin the stories, capital maycerns rotate out of other emerging markets. Saying Goldman Sachs korea, taiwan, and india may see their benchmark waiting reduced. There could be limited impacts onlyrean stocks given that takes place n