Seeing the impact across asian fx as well with that weakness in the dollar. The aussie dollar holding steady. We are seeing brent crude trading a little bit higher. When it comes to oil, we are continuing to really monitor what we are seeing with that demandside concern. Saudi arabia jacking up their prices, pushing a little bit of upside momentum there. That was the biggest weekly drop for crude since february so still pretty shaky when it comes to the demand side of that equation. Annabelle that is right and its going to be quite an interesting session as well. We got a number of markets that are shut so far. There is japan, korea, and thailand in focus as well so perhaps when they do come back online, you will see the ketchup trade given the big runup we had in u. S. Equities on friday. The s p 500 gaining more than 1. 2 and as you said, it was that collective sigh of relief perhaps that the fed could have reason to cut sooner rather than later. Talk about last week, we had the pros
Kriti good morning and welcome to bloomberg daybreak europe. It is instead day. The central bank is set to pause for leave the door open for another hike as early as november. Fiveyear in 10year treasury yields are levels we have not seen since 2007. Inflation and focused on the side of the atlantic. In the u. K. The cpi is due in one hour and a 70 chance of a 25 basis point hike priced into the markets but some saying this might be the bank of englands last. Present zelensky blames russia for weaponizing food while cracks appear between ukraine and poland over wheat sports. We have top interviews from the uns General Assembly. Lets get a check on markets because we are in the central bank palooza. Futures are down 0. 1 percent. A laidback approach to what is going to be a fed day decision. Standing on the sidelines until we get more direction. The bigger story is the commodity market. Brent crude trading at just shy of 94 a barrel. We are going closer and closer to 100 a barrel. Today
San juan to tell local stories of people traveling to see loved ones and people on the island trying to get out. Rosemary connors has the latest on the devastation. Waiting has new meaning for the people of puerto rico. It truly is a matter of life and death. The lines for food, water, cash and gas grow longer with each day the devastation sets in. A very dire situation here. The issue at hand is how do we get life and how do we get the things needed to save lives in the hands of the people. Military members on the ground seen in these new images bring the basic necessities like water to the hardest hit neighborhoods. Messages like this one reveal the scope of the wrath. Resources arrive on the territory. The airport cant handle the traffic. Leaving the island is easier said than done. Its a nightmare. This is not where i planned to be or wanted to be during the first two weeks of my babys life. Eventually the mother and her daughter made it to florida where many families have been pat
Health and Human Services secretary setting the stage for , him to play a leading role in dismantling obamacare. Vice president mike pence administered the oath to price just hours after he won the senate confirmation. Protestors gathered outside a Public School in d. C. Where betsy devos planned to pay her first visit as education secretary. She was blocked by protestors from entering the school. Devos has been promoting Charter Schools and voucher programs which critics say would hurt Public Schools. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline welcome. Im caroline hyde. This is bloomberg technology. Welcome to this friday. First, key headline coming up, a trump business tax bump. We look into how investors are weighing the impact of u. S. Politics on tech. A tale of two ceos. While ubers chief is getting vilified for his connection to trump, elon m
Hours. [inaudible conversations] [inaudible conversations] [inaudible conversations] good morning. The subcommittee on Digital Commerce and Consumer Protection to order. The chair recognizes himself are five minutes for an Opening Statement. Good morning and welcome to the first hearing of 115th congress and Consumer Protection subcommittee, pleasure to be with you today. Before we get started i think chairman burgess for the hard work in the last congress on the subcommittee and also recognize the new vice chairman, the gentleman from mississippi. Glad to have you on board and look forward to working to advance innovation agenda that creates jobs and puts consumers first and also to recognize the gentlelady from illinois, our Ranking Member, working with her this congress and working in a bipartisan fashion to protect consumers. Finally as chairman, look forward to working with all members of the subcommittee to continue exploring areas in the Digital Economy creating new art engines