Stocks your morning rbi is all about people making a return to the airports kind of. It is tuesday, august 11th, and this is Worldwide Exchange right here on cnbc well, good morning, good afternoon, good evening, and welcome, wherever in the world you may be watching. I am Brian Sullivan. Hope you had a nice weekend as well i know its tuesday but its the first day back for me. Lets get to it and see how your money and the Global Markets are setting up their day stock futures are soaring, look at that, up 266 points right now. They are well in the green this is coming off a lot of recent momentum. The dow gaining about 350 points yesterday. If you are counting at home, and you probably are, thats its seventh positive session in a row. It is the longest winning streak since september. The s p 500 also on the rise as well, now less than 1 from its record high set back in february you got millions unemployed, trillions in stimulus, and maybe thats the reason, and we are less than 1 from ou
Manus a warm welcome to bloomberg daybreak europe. The world is trying to reprice risk. The sentiment over the past three days has been clearly about either we are fools to reprice to the downside in the oil market or it is an opportunity, a resplendent opportunity, to reprice risk. Amri is chasing the Saudi Oil Minister as we speak. Spoke to a representative from the iea and their comments were interesting in terms of the downward pressure on the oil market. President trump said the world is watching. We are watching that geopolitics but as we wake up this monday morning, there is a little bit of risk coming back on the table. Thes more from one of Energy Delegates from the u. S. Later on. We are busting a few moves. The yuan strengthening. We can debate that with our guest. We busted through the 6. 9 levels. Goldman says you have gone through the trough in growth. You will see a stronger performance met year. We lean into yuan strength. This is about recalibrating risk. Oil had a cra
Through a number of judges. I am going to be a little bit limited in that. I have to give my presentation and not go through the questionandanswer, and i almost would have rather flipped that because the question. Question period is more important. I appreciate this opportunity to speak and i hope to continue the dialogue because the issue is the issue of our time. I will talk about u. S. China relations and maintaining the United States competitive edge. There is a widespread understanding that addressing a rising china is the great Foreign Policy challenge of our time, so this could not be a more important time or more important conversation. I believe we can and must retain our leadership and Global Competitive advantage by erasing those defining characteristics raising those defining characteristics that have made america the leader of the world. Rights, diversity, human , and ultimately the rights of an individual, especially when those rights come in conflict with the government.
Markets trying to figure out the fallout from the u. S. Strike meansilled the general for their portfolios. And what it means for the price of brent. Is at theere bryant moment. Gold at the highest in six years. Data. Also getting some Euro Area Services pmi coming into 52. 8 just a touch better than expected. We are at the eurasia summit talking 2020 risk. We will talk to the italian Prime Minister. In the International Rescue committee chief executive David Miliband. Those are coming up on bloomberg surveillance. Lets get to the first word news in new york city. We begin with Australian Authorities counting the cross of newowns on the south south wales in neighboring victoria. Blazes are the generated drive thunderstorms, thousands have been evacuated to Recreation Grounds, converted into makeshift camps. A new top man from china and hong kong, a communist party of thel who is now part anticorruption campaign. After nearly seven months of political unrest. Shows beijings intention to
Limited in that. I have to give my presentation and not go through the question and answer period, which frankly i would have rather almost flipped that because i think the question period is sometimes more significant. But i do appreciate this opportunity to speak to the council on competitiveness. Im hopeful ill have a chance to continue this dialogue. I think this conversation and this issue is the issue of our time. So what im going to talk about today is u. S. china relations and maintaining United States competitive edge. I think today there is a widespread understanding that addressing a rise in china is the great Foreign Policy challenge of our time. So, again, this could not be a more important time or a more important conversation. I believe we can and must retain our leadership and Global Competitive advantage by embracing those defining characteristics that have made america the leader of the free world. Our belief in the rule of law, checks and balances, free and open mark