I would look for italian bond yields and treasuries. We are also getting breaking news out of iea. It says the oil outlook is fragile. We had a great story saying saudi arabia is speaking to producers to make sure there is not too much volatility. 57. 42. Rude at and the one weve had a lot of news, we could talk about u. S. Intervention on the dollar. The yield at 1. 7. R shares are rising after the Company Proposed and 8 billion settlement. This is the picture, 7. 5 higher. Coming up, we speak to the chief executive of novo nordisk in 30 minutes. First, lets get straight to bloomberg first word news. We stay with that breaking, also a bloomberg scoop. Bayer proposing to pay 8 billion to settle claims round of causes cancer. This would settle more than 18,000 lawsuits. It may be months away, but it would ease investor concern over the litigation exposure. Fight, thatthout a is the italian Prime Ministers message to his deputy. Leaderiimmigrant league is pulling support for the administ
Stronger when we Work Together with threats to global stability and trade, that principle is more important than ever and throughout the summit my message is on the overriding need for International Cooperation and compromise. Longtime discussions with International Partners on economic and Security Matters i made clear britain would always stand by the global rules and the best means of securing peace and prosperity for all of us. I would take the may issue in turn. On the other issue is the need for International Collaboration greater than in the threat to the country and our people from Climate Change. As i arrived last week i was immensely empowered that britain had become the first major economy to commit in law to ending our contribution to global warning by 2015. I urge other countries to follow britains lead and set similarly ambitious net 0 target in their own countries. Those issues, the last generation of leaders with the power to limit Global Warming and i believe we have a
Year increases after reports that budweiser will delay sending it lower. And shares plummet to their lowest level on record after it reveals its in talks with china over a 750 Million Pound rescue plan it comes by so quickly every single month the decision, they say their output agreement does not change the output of an oversupplies market that is according to the International Energy agency. So in its latest report the iea says supply exceeded demand in the first half of 2019 and that rebalancing in the oil market has begun to slow. As ever, lets bring in nei neil atkinson. And just reading the major take away from the report is that essentially oil supply the first half of the year has exceeded demand you say that that number is 900,000 barrels. So despite opecs best efforts we still have the supplydemand mismatch we do thats a mismatch thats actually grown as new data has come in. And through the rest of 2019 well see how the demand issue plays out but as we move into 2020 the outl
Arent aware that the president will be making his speech about the environment today but they live it on a daily basis this is a very outdoors state youre very aware of the outdoors when you are here and i think people even some officials are quite costly to talk about manmade Global Climate change but at the back of many peoples minds is or what can we do about this were seeing this happening on a daily basis and then for the fires for instance the hotshot crews that are brought in from all over the country a very thinly stretched i know fire officials are thinking well if alaskan summers keep getting hotter and longer were not going to have the resources to deal with things like this and were not talking about Something Like deforestation where you can replant trees were talking about glaciers that of tens of thousands if not millions of years old rapidly disappearing and theres not much without radical policy change that anyone here can do thanks so much i think gallagher there. Cen
There. Plus President Trump turns up accusingon china, beijing a reneging on deals in the g20. Shery a quick check of the market close. The thursday session in the u. S. , major indices closing at record highs with the dow exceeding 20,000 in the s p 500 close to the 3000 level. This despite the fact we had a tweet from President Trump complaining about how china was letting us down. Still the s p 500 was led higher by industrials. Again on chair powell testifying in congress one more time. This time on a Senate Banking committee talking about how the fed had room to ease, given the tide between inflation and unemployment seems to have broken down. The 10 year yield to spiking to a one month high after higher Inflation Numbers. We are seeing u. S. Futures unchanged. Lets see how we are setting up for the asian markets. Paul lets get a quick check on how markets are shaping up in the asian pacific. Take a look at futures in japan. Currently looking like this. They are kind of flat right