Yes good morning to you. The well well saw the first flakes of the morning just now passing through georgetown. Not flurries or anything too bad but just a few flakes we saw in the headlights, i70 is now officially wet and there are snow and its maybe even possibly some asian here along the ice here along the shoulder as we continue west here along i70. Drop. There was a high wind warning as we approached georgetown checked early this morning a windchill there down so Single Digits again as we continue to head west not too far from loveland where you mentioned they had it closed down at the pass. We expect to see more accumulation of the snow along the highway. The good news i70 right now is pretty wide open. And its pretty free flowing still very early on in the morning. Not too much to worry about as you continue west though the traction laws are going to be in effect. But again, right now, just some wet roads here at i70 and the mountains got a good helping of to hit snow and eventu
The economy is slowing ahead of the referendum. The bank of england has a tricky judgment call. It cant go too far out there politically and say what the economy would do if we were to vote against staying in the eu but it is clear the economy is slowing. The assumption is that the economy will pick up the growth it lost in the Second Quarter if the u. K. Votes to stay in the eu. Lots of headlines here. They are rate increases, are more likely than not. It may cause the pound to drop sharply. It sees inflation dropping. That is very important because as inflation is forecast to rise, the bank of england is telling us, rates are going to be raised in the forecast. In the 23year horizon. Investors will depend a lot on what happens in the upcoming referendum. The big take away is that yes, the bank of england has cut the gdp forecast for this year but it is not a big surprise. The economy is slowing and the back. Ata is there is a slowdown in construction and manufacturing. The conference
Was 10 years ago or 20 years ago. Many of the problems they face are more like the problems of an airline. Most stupid statement of energy i have ever heard. Plus, a look at north koreas energy economy. It is all straight ahead on bloomberg best. Scarlet hello and welcome. This is bloomberg best, your weekly review of the most important business news, analysis and interviews. Our day by day look at the weeks top headlines begin with begins with a shakeup in saudi arabias cabinet that could have major implications for the global oil market. Saudi arabia appointing a new oil minister over the weekend. The chairman of the state oil company replacing who has held the post for two decades. I guess the question for the market is whether anything has changed in terms of policy coming out of saudi arabia. Has it . I think if anything it is probably more policy. He was the architect of the agreement in 2014 to abandon the support of High Oil Prices and go for market share. His public his succes
Global equity markets looking pretty decent, firming up in europe with the ftse up about 48 points. Futures positive in the United States. Yields on the 10 year, pretty much unchanged at 124 1. 84 . Look out for that. Table at the moment, 146, its a stronger pound. We will get to that. Then imac of about. 4 . The brand down for the sixth straight day. The lira strengthening down to 297, the Turkish Central Bank cutting its rates to 945 . Lets go to indepth coverage of our top stories. Guy johnson in london, where mark carney talks brexit. Matt miller in frankfurt. In brussels, where finance managers meet on greek simin demokan. Jonathan the bank of England Governor Mark carney is testifying this morning. Guy, the momentum seemingly behind the remain campaign. What is mark carney have to say . Guy he has the responsibility to stand up and make clear the risks that are associated with the referendum. Hes not backing down on that. Everything you said today felt very caveated. It wasnt the
3 trillion is not what it was 10 years ago or 20 years ago. Many of the problems they face Going Forward are more like the problems of an airline. Most stupid statement of energy i have ever heard. Scarlet plus, a look at north koreas energy economy. Straight ahead on bloomberg best. Hello and welcome. I am scarlet fu. This is bloomberg best, your weekly review of the most important business news, analysis and interviews from Bloomberg Television around the world. Our day by day look at the weeks top headlines begin with a shakeup in saudi arabias cabinet that could have major implications for the global oil market. Mark saudi arabia appointing a new oil minister over the weekend. The chairman of the state Oil Company Saudi Aramco replacing who has held the post for two decades. It is part of the governments whiter revamp. Wider revamp. I guess the question for the market is whether anything has changed in terms of policy coming out of saudi arabia. Has it . I think if anything it is p