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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240713

Opec offers a bleak estimate of Global Energy demand. Saudi arabia is cutting output to its lowest level since 2002. Shery a quick check of the markets. We are seeing u. S. Futures rebounding and gaining for tens of 1 . U. S. Stocks fell to that threeweek low. It was not just the fed chairs comments. We have u. S. Tensions with china flaring again. Every sector on the s p 500 was in the red and it is now heading its worst week since march 20. Take a look at what oil is doing. We are seeing slight gains above the 25 a barrel level, a gain of 1. 7 . This after it fell in the regular to session regular session. We still have some comments from the iea saying it will take more than a year for crude demand to recover. Lets turn to those comments by jay powell. He was clear when asked if they would be in favor of adopting a negative rate policy. Not only did he reject it unequivocally, he also said he would not even consider it. Kathleen hays is here to tell us why. How did the negative rate

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