The left syria and 2013, all three attackers were killed, too detonated suicide vest and a third was shot by police. Congress is tightening visa requirements following terrorist attacks. It will bar people who traveled to iraq or syria the last five years. All 38 countries in the visa program rep issue passports containing biometric information. Joe biden said the donald trump wins the republican nomination he would be defeated easily by Hillary Clinton in a general election. By Vincent Clinton went in a walk but cautions his comments are not in endorsement. On these andore other stories of the new bloomberg. Com. Now over to matt miller. Matt we are getting headlines it looks like from alibaba excuse me. Im going to the terminal here to find alibaba headlines. News coming across right now. Let me just with the yahoo s ticker. Moving a little slowly at this hour of the morning. Looks like yahoo will suspend work on it alibaba plan. We basically had the story already. We are getting con
Look at oil prices. It has been one of the keys to working out what is happening in the markets at the moment. The oil route continues. I have a wti chart here. In the far righthand corner, we see 34. 59. Arab opeca meeting of members in cairo over the weekend. The Iraqi Oil Minister talking about how we do not need to be pessimistic about oil prices. A similar message coming from the qataris. Spain faces unchartered Political Uncertainty this morning after the Prime Minister lost his majority in an inconclusive election. Thety lost a third uncertainty may see spanish bonds open lower today. Brent crude fell to its lowest level since july 2000 or amid the speculation that supplies pricesacerbate a global are down 37 this year. Iraqs oil minister says oil well bounceback because the current price is hurting reducers. He did not say when that would happen but insisted that market fundamentals are strong. Toshiba slumped the most in seven months. The comments came after the nikkei said to
Energy coming under pressure as the price of crude continues to decline. We are seeing positive gains. 1 . Hang seng up by 3 10 of angie oil is back in the headlines today after opec ministers abandoned any pretense of unitive and a chaotic meeting pretense of unity in a chaotic meeting in vienna. It is all down to this saudi arabia won the day. Zeb eckert is here with the economics and politics behind it all. There is only one boss in town, apparently. Zeb there is a bit of tension between saudi arabia and russia. Saudi arabia does not want to give up market share until others do. It has been maintaining the production levels despite the glut of global oil. No one wants to see their market position eroded. It shows opec is in a freeforall environment. There is no target, they are breaching the target about 31. 5 Million Barrels a day. Will bes output tolerated, that is the message out of this meeting. That is what we see in saudi arabia because the key concern for them is that oil is
What is happening on the markets. A surprisingly busy session. Caroline grinding higher across the board. Political risk is dominating the front of every traders mind when it comes to spain. Stocks and bonds, stocks and bonds down today. This ibex 35, clear underperformance. Making up all of those losses we saw on friday. Id ask shopping ibex having its worst day. Every Industry Group is tainted. Real Estate Companies trading lower. Does utilities , elections. Can they get together some sort of majority . We are entering uncertain uncharted political territory. Theyre up 13 basis points. They were up 18 basis points. Daily, foreign costs rising. Concern about the political stability of spain. Interesting though, keep an eye on oil. It is always on our perspective. This is 2004 for you. It is down phenomenally this year. 36 per barrel on brent. Clearly, the ongoing concern about the supply gullet supply glut. Rig counts 17sing to 17 makes rigs added since july. Talk about cutting costs
Stunning days on the year on wall street. After commenting from mario draghi, sending stocks soaring, the dow up more than 350 points. And it was stocks, gold, bonds and so if you are an investor looking at this market right now. What do you do . Guy . I think the bond market still wants to go higher. In other words yields want to go down. The dollar rally despite what we saw yesterday is still in tact. The gold move, although long in the tooth, might have a couple more days in it despite i think the dollar will continue to rally. The s p is the wild card. I thought given the job numbers you would see a followthrough to the down side. Because if there was a question the fed will raise in december, it was answered this morning with the job numbers. I thought you would see the extension to the down side. You didnt. Because draghi walked back everything he said yesterday and said their central bank is still on the table. We traded down so many times on the fed hiking that i think were don