Decision. And seth marion is here over worries about characterizing volatility. Jon lets get a check on the markets for you. Futures positive, dow futures up 41 points. Over in europe, after the gest weekly drop since euro weakness, switching of the board, eurodollar was on a fiveday losing streak. 1. 1389. In there at and then nymex crude, up two full percentage points. It is seen as a tussle between the news over the weekend, the new oil minister in saudi arabia, and what is happening in canada with the wildfires spreading over there. I want to go live to the city of london and get the latest with bloombergs will kennedy. Lets talk about the immediate the spread of the wildfire, the reality that one Million Pounds of oil a day, production, has come off. How shortterm is this . That is a very good question. At the moment, it is a Million Barrels. Even if the fires calm down, which it looks like they are doing, it will be at least a week before they get back online. Many thousands of w
Cooperation, and not by human suffering but by human progress, a world that is safer and more prosperous and more secure and more free than the one that we inherited. Lets get to work. Thank you very much. [applause] francine that was president barack obama, speaking where leaders are gathering to try to thrash out an agreement for Climate Change. President obama warning of submerged cities if no action is made on Climate Change. We understand the u. S. Will not sign a legally binding agreement. He also talked about the future generation. Starting friday, surveillance will be broadcasting live from for thehe top 21 cop 21 talks in paris. the u. S. Jobs report may lead the fed to raise them. China may be finally getting the respect it has wanted. Showdown in paris. Global leaders meet to resolve their differences and come up with a deal on Climate Change. But the conference itself is a security nightmare. Bricks and clicks beat bricks over the weekend. David welcome to bloomber blg. Im
The sessionk at highs. S p 500 of by nearly 1 . Dow up by. 8 . Nasdaq by. 7 . We are digesting the news on betterthanexpected u. S. Consumer sentiment. As well as the expected surprise drawdown in the u. S. Oil inventories on the order of about 5. 9 Million Barrels last week. With all of this, lets look at the s p year to date. Take a look at this. S puld like to have the year to date, if you can possibly get that up. Up 1 on the intraday. I want to bring the year to date because we are. 1 away from flipping into the green. It will be four years in a row of gains. 1 away from the positive december. If we do see that maybe we will see this rally. Dox so much of that had to with the surprise drawdown in u. S. Oil inventories. We have seen oil and stocks someone moved together, Energy Stocks taking off. Ramy definitely in tandem. Lets look at the nymex crude. The biggest jump in the past two days. 30 day of gains in a row. Up by 3. 7 . We saw the highest spike earlier when the number came
Commodities are on the move. But i would focus on is this exhaustion at the end of the year, where people are saying when does this stop . There is no indication that it will stop this morning. Francine there is no indication and they are looking for the fed. Tom theyre looking for the fed. Michael mckee will join us. I dont know how the fed links then with iron oil links in with iron ore. Francine and currency traders have been burned on the back of it. Lets get to the first word with nejra cehic. Nejra in paris, the Climate Change conference has been extended by at least one more day. The talks have been sent to end frenchut the foreign minister there are a number of issues to be resolved, among them, how rich nations will pay to help clean up the air. Put off aron has decision on whether to allow another runway at Heathrow Airport. There wont be another decision until the next election. The British Government says there needs to be more research on the environmental impact. Tomorrow
Ugly start for the bills. Dashboards. Larrynie think about summers and carl who said dont raise rates. Larry fink said we are facing 2 growth. The Circuit Breakers might be telling us we are falling out of bed and we could be in for a rough ride. David its not all about the Center Central bank. I would not be concerned about the a chinese economy based on a shanghai move. Stephanie its a new year and new markets and stocks around the world are slumping but they are being led by this route in chinese equities. It triggered a market wipeout. Yielding currencies tumbled as investors are turning away from risk over concerns about the middle east. , letsrabia and iran cover this with our Bloomberg Global team. As wellve to hong kong as mark barton in london and matt miller is here breaking down the markets in new york. We will go through this with everyone. Lets get you some first word news. Vonnie the refugee crisis is orking western europes policy. Danish leaders were angered by swedens d