On. If we dont get more cuts, presume believe that is negative for oil prices. Eurosterling around the 0. 85 level. Got closer to it a little later on. This is a big line of sand for that pair. We are now up by 0. 2 . The hong kong story absolutely front and center. President trump signing a bill expressing u. S. Support for the protesters in hong kong. It is a move that threatens to complicate trade talks with china. There was a lot of reaction around the world. Not a welcomet is news, but the Market Reaction so far has been pretty calm, so to speak. Basically, its just another thing like having the tariffs. Its a thanksgiving present for everyone. This too shall pass. This was more posturing than substance. This is a real headache for them to try to figure out what is going to be a violation of human rights. How are they going to decide that . It is a foregone conclusion that he would sign, so china is prepared or was prepared for this. The new bipartisan consensus from both the u. S
The major averages finished the day at alltime highs thanks to Quarterly Results from some retailers which brightened the mood and which well get to in a moment. There were also incremental developments and u. S. China trade talks that investored interpreted as positive. Though as you know that changes from day to day. Here are closing numbers. The Dow Jones Industrial average 55 to 28121. The nasdaq gained 15. And the s p added 6. Now to this new report on the makers of opioids. According to a walgds a criminal investigation has been opened that role drug manufacturers and distributors played in fueling the countrys opioid crisis. The news sending shares of teva mallinkrodt and Amerisource Bergen sharply lower. Dow dpoenant Johnson Johnson down a Penney Meg Tyrell has thor to. T company are facing thousands of lawsuit over the role in the opioid crisis. Today another negative headline. The drug makesers and distributors disclosed receiving subpoenas from the u. S. Attorneys. That John
Nissan releases Second Quarter detailed earnings in just under half an hour. Joining the streaming wars, expanding breadbox in the u. K. Hong kongs financial district is paralyzed for a second day as protesters block subway lines and clash with police. We will get updates live. Less than half an hour to go until the start of the european trading day. Yesterday we were dominated by talk of hong kong. Violence on the streets there. Things seem to be violent once again. Clash is taking place. At the moment that is not having an impact in hong kong or the European Equity space. European equity markets set to bounce a little at the start of the trading day. Lets have a look at u. S. Futures. Racked up its first drop in four days in yesterday session. We had a slight pullback in the last 24 hours in terms of expectations around trade, in terms of the news flow around hong kong. Now we look set for a rally. U. S. Futures overlook convinced. Up by 0. 1 . Lets get to the gmm. This tells us what
As germanys spy chief says huawei cannot be fully trusted, we speak to the companys officer to the u. S. In this hour. It is 9 00 a. M. Across the emirates, 1 p. M. In hong kong. Im tracy alloway. This is bloomberg daybreak middle east. Manus im manus cranny in riyaad. There is a new globally important date. December 11, their remco ipl will start to trade. The valuation anywhere between 1. 5 to 1. 7, depending on which analyst or moneyman or woman you speak to. 40 from the u. S. The negative Interest Rates. Billion, buthe 15 only one question that matters in riyadh. What is the valuation and who is going to buy their remco ipo . We have a guest later on. Michael thompson in terms of flow of money. Joins me after 30 minutes. We will get his brexit take, the flow of money and how important the region is. Good morning. Tracy lots of interesting conversation coming up in just a few minutes. Before that, lets check in on the markets this morning. The benchmark 10 year yield on china Govern
Billion euros. It is cutting the delivery target. Lowering the outlook for deliveries this year. This is amid economic jitters in europe and also in an unprecedented slump in autos in china. The world eats biggest car maker, lets remember, thats hat v. W. Is. Also got an upbayer. They are saying the plaintiffs have more than doubled to 42,000 plaintiffs. That is an important update there. It is confirming its outlook and it is aligned to continue operations. The agreements have been signed im trying to get my head around that. The plaintiffs more than doubled to 42,700 plaintiffs. Coming up, just to get back to v. W. Well be speaking with the c. F. O. After the german automaker reported Third Quarter results. Dont miss that interview at 8 00 a. M. London time. Of course in the car makers state, the other interesting story in terms of watching the start is the talks between chrysler and p. S. A. That we have been reporting. Back to jim mccormick. Looking through v. W. In terms of readin