Leave their homes forecasters say this typhoon could be the worst in 6 decades. And actually to choke it has become the 1st person ever to run a marathon in under 2 hours post of the time of one hour 59 minutes 40 seconds it will stand as an official record because of how he ran the race. On nick spicer thanks for joining us Turkish Backed forces say theyve taken control of ras alain a key border town in northeastern syria it would be the biggest gain since turkish president to ones offensive into the region began on wednesday the e. U. And u. S. Have criticized the offensive and called for it to stop immediately washington and paris are threatening to impose sanctions on a grow in Northern Syria the assault has forced tens of thousands of people to flee the region and seek safety. Bread at last this bakery is one of very few shops still open in commish leave for 2 days now mahmoud has been trying to buy groceries for his family but most shops are shut hes relieved to have finally foun
We went to a bull steepener from a bear steepener. Time never global exchange. We bring you todays market moving news from all around the world. Joining us from hong kongs frombergs karen leigh, mumbai are bloomberg executive producer, and Michael Mckee is in washington. We want to kick it off in hong kong, where chief executive carrie lam invoked Emergency Powers and banned facemasks as protests continue. Not an easyis decision to legislate to ban the masks, but given the Current Situation in hong kong, this is a necessary decision. Alix karen leigh has more. Whats been the response . Not a great response from protesters. People are gathering in the city center as we speak. They started gathering while carrie lam was still speaking. People worried this would give police power to go and arrest people, search without a warrant , and in an extreme situation, shut down the internet. It has a huge potential to impact life here. It is something people are upset about. It could fuel proteste
Could move the eurodollar. We also focused on the oil markets. Saudi arabia faces a daunting oil market surplus. Up, they hear from the former lng executive. He proposed a takeover offer by the Hong Kong Exchange and we will have plenty more on the corporate story. It broke about 24 hours ago. They will have a look at the exact response of the london Stock Exchange. Lets get straight to bloomberg first word news. Bloomberg has learned in a show of goodwill that china may resume u. S. Farm inputs. This comes as donald trump says he is postponing a 5 tariff increase by two weeks. The delay causes u. S. Levies on chinese imports at 25 . Sweeping cats from a no deal brexit. Chaos from a no deal brexit. The warnings outlined in a u. K. Government paper. The internal document is called operation yellow hammer. Ministers were forced to release it to comply with the deadline. Law intendeding a to prevent Boris Johnson from forcing through a no deal brexit but he says he is ready to do it anywa
Trumps only regret is not raising tariffs higher. Amid calls for calm escalation. Pricing in more pain. Stocks take a hit across the world. 10 year treasury yields fall to the lowest since 2016. In violent weekend in hong kong seeing equities on a slide the most this year. Watch for luxury stocks at the european open. Matt thank goodness you are back. So good to see you, even if it is via satellite. Pictureing at a 30 day of treasury yields. You can see starting on friday when the trade war was escalating, the chinese put tariffs on 75 billion dollars worth of goods and donald trump came back with more. We saw investors run to treasuries, buying the paper and pushing the yield down. Far away from the one spot 31 eight, which is the alltime low. Take a look at futures. You are not trading in great britain. You have a bank holiday for no reason at all. Just a bank holiday. You do see everywhere else, futures down. Cac futures down. What do you see on the gmm . Anna a pleasure to be back.
Chipotle is up 3. 5 today. Expect other restaurants to do well. The initiation includes stocks like starbucks. 500 is still down a quarter of 1 . We are getting some diverse action among the major indices with the now stack nasdaq and dow almost down 1 . Lets get to our top story. Lets start with the Central Banks. A massive week for Central Banks. Overseeing the fed is at the nickel of that mountain pinnacle of that mountain. Do you think that this 25 consensus is setting us up for a surprise later this week . It sounds slightly contradictory. We have 25 priced in. If we get to five, do equities fall on the back of that . Is that an opportunity . If we get 50, does it go up . I am wondering what the opportunity for the pale risk scenarios are. It is fascinating. Here is the first stop of a rate cutting cycle we have had since september of 2007. It is very unusual and a rare event. The market prices it to be a rate cutting cycle. The market is pricing 100 basis points out of the next 1