I am Francine Lacqua in london. You can see the stoxx pretty much unchanged, and if you look at the chinese were nimby the renminbi, china does not want a comprehensive deal with the u. S. , and we are looking at the pound, because we are seeing a little bit of a move on brexit, things on both sides, the eu saying they are looking at a proposal but are expecting more from the u. K. , the u. K. Saying they want to speak to Emmanuel Macron, the president of france, directly, and the euro is now at 1. 0973. And hsbc is cutting jobs, but bloombergs get to first word news. Reporter ready to emerge with impeachmentrump inquiry, a Law Firm Says it is acting on behalf of multiple whistleblowers. Abc news earlier reported the second whistleblower has not yet spoken to the committees investigating the president. The white house says this does not change the fact that trump did nothing wrong, and ealspects for a brexit d fading, after doubt be a cast on whether a deal can be reached before the oc
That but we now have people in the bitcoin in the gold space talking about referring to the fact that goal are there one of the other thing this is a headline from daily reckoning and by the way you know you and i first when we first met back in two thousand and three daily reckoning was one of the only sort of online sites available at that time one of the go to sites you know this is way before facebook and twitter and all that sort of stuff we went to the daily reckoning all the time they talked about gold they talked about silver and heres a headline from the daily reckoning how bitcoin killed gold. Most seasoned traders concluded that the advent of Bitcoin Futures what unraveled the insane krypto rally weve witnessed over the past twelve months futures traders would eat the amateurs alive and slam the price lower once shorting bitcoin became an option they said but so far theyve been dead wrong so you know they go into how coin trading has still bothers obviously as soon as the fu
Cathay pacific. David qualcomm prepares to fend off the 100 you and dollar takeover bid, arguing the 100 billion takeover bid, arguing it undervalues the company. Yousef high and yousef gamal eldin. I am yousef gamal eldin. David a big weekend for you. Set the scene. What are we watching . You can feel this country is holding its breath. We also had a Ballistic Missile intercepted from yemen, a country looking for a crown prince who keeps surprising. Sweep, key political and business figures, including the 50th richest man in the world, alwaleed bin talal. 22 judge us. Plenty to digest. David have a look at markets. The oil story is part of this. Hey quick look across assets. The regional benchmark, the twoyear yield is what we are watching, 1. 61 . This is due to dovish remarks out of the boj. Your january contract on brent crude. Have a look at my bloomberg chart. The oil curve and what it signals about where we go from here. This is a measure of supply tightness. Unless have pointed
Of princes, ministers, and businessman arrested on the orders of an anticorruption commission. Analyst of senior the Geopolitical Futures what if the crown prince was moving to boldly and to quickly. He is moving too quickly. That level of change in such a short euro of time, the risk of the question is what kind of resistance will be face . So far he has not seen any resistant, and the fact that he went ahead and arrested all these princes and businessmen, that suggests that he is unlikely to face any opposition. Doesnt he Score Positive points if he comes out against the russian as the head of the committee that is looking into case like this and making it clear that nobody is above the law . I am quoting directly from the statement that came from mccain over the weekend. We will fear no one, big or small. Yes. I mean, these are designed to curry favor with the public, a large segment of whom, 2 3 of the countrys population. Its designed for that. But the problem here is that for now
Worst performers. Overall, this is the lowest level since august 4. It we been keeping track of how long the s p is trading. We have had enough of this. 34 days. Joe without a 1 range. Yes, it is quiet. Matt there is a lot of news, which is interesting. We have a lot of news and a lot to talk about on the macro level and the company level, but there is not a lot of movement in stocks or bond yields. Joe very quiet. One loser today was the Health Care Stocks, of course at the center of all of that controversy. Matt i have this open to show you that. Lets take a look at the losers, Abbott Laboratories. Interesting they are down, because they were up earlier. And carson block said that they announced shorting saint jude and they are long Abbott Laboratories, because they want to break up the purchase and that Abbott Laboratories shareholders should be relieved. Mylan down again today. It had recovered earlier in the day, because it was crushed over the week. But it could not maintain gain