A vast area of australias east coast including sydney is facing some of the worst threats from bushfires the country has ever seen. There are dozens of blazes across New South Wales and queensland, authorities have predicted catastrophic conditions on tuesday. A state of emergency has been declared in both states. The head of the Rural Fire Service has warned that the fire danger will increase in the coming hours. We still have 52 fires burning across New South Wales. 30 of those are uncontained, and weve got 13 at watch and act alert level. We are certainly starting to see an increase in fire activity, and therefore the fire danger is increasing accordingly. The reality is conditions will simply continue to get worse and deteriorate over the coming hours, and particularly into this afternoon, when the combination of the hotter temperatures, the drier atmosphere and the strengthening winds all come together to drive fire behaviour. Our correspondent Shaima Khalil gave us this update fr
Year yield. Really talking about when you look at the 10 year yield, you look at the charts, it is starting to make an uninversion of the yield curve. When that starts to happen, call your mom or head for the exits. Again, 4. 2 a and new home prices, nothing much to say there. The big story we are continuing and some ofbrexit the key crosses here on sterling. The headline is we are weaker on cable, but if you take a trend from 124, it is something we are trading right now. Lets stay on for brexit now, Boris Johnson will make a fresh attempt to deliver on his pledge to deliver out of the European Union. Supporters say he has enough votes to get a deal out of parliament. The u. K. Prime minister has formally, but reluctantly asked the eu to delay brexit until january 31. Here, justheadlines bring us up to speed. Saturday, he faced a defeat and parliament when he was supposed to be able to bring forward his boat, a meaningful vote to get parliament to this side whether or not they were on
Syria. The move comes days after washington effectively okayed the operation. The u. K. Government pushes ahead with brexit, although the current eu president says there is no chance of a deal this week. Shery later in Bloomberg Technology global link, we will outline the possible rescue plans for wework and what softbank can do to save the struggling unicorn. Lets get you started with a quick check of the markets. U. S. Futures at the moment unchanged after stocks fluctuated between gains and losses throughout the session. The s p 500 was led lower by utilities and materials. The Energy Sector down as wti lost the most rampant about two weeks, 53 a barrel. Investors still trying to figure out what a partial u. S. China trade deal actually means. Acrosslots of anxiety markets. Pretty light trading. We saw about 30 below average volumes when it comes to the 30 day average. We had u. S. Debt markets close away on holiday, so pretty thin trading. The focus this week now switching to earni
Torrid few days. Lets get to some of the movers and Asset Classes making waves. Quickly looking at the 10 year one of the council numbers suggesting he wants to get out of the negative Interest Rate regime we have as quickly as possible. The yen on the way up,. 1 , down the dollar. By rupee the dollar down. 25 . Weve got banking issues in india at the moment playing out on the bond market but what we have what does the r. B. I. Say about all of that later . The hang seng Property Index is actually up. 1 after recent declines. Country garden coming out with a pollen figures showing how bad appalling figures showing how bad things are here. Lets get to new york and look at world news headlines. With thell start latest on the trade negotiations. Chinas top trade negotiator flies back to washington next week. This as the two sides revive talks that have been stalled for months. Details have not been released but it is thought they will begin meeting as of thursday. Negotiations were given
Off the job at 31. 00 Assembly Lines across the country theyre frightened to stay on strike until an agreement is reached. And the United Nations is warning that Rohingya Muslims who remain in myanmar are living under the threat of genocide the un is repeating calls for top generals to face trial for forcing iran 3 quarters of a 1000000 to flee to bangladesh 2 years ago the un also says it has serious concerns about a crackdown on refugee camps in bangladesh it says aid workers accused of supporting rohingya protests last month have been banned their phones confiscated and a curfew imposed. Indonesias government to scrambling to control widespread forest fires which are causing a toxic case to spread to other countries this off smoke is causing causing a lot of respiratory problems and disrupting fights has more from the city of peckham baro in indonesia. Were in peckham bar city in the province of rio on the island of sumatra where 40000 hectares of land have been covered by smog and