This massive pileup involving nearly 70 vehicles on an interstate in virginia yesterday. Fog and black ice caused drivers to lose control, crashing into each other. Most of the injuries were minor, but two people are in critical condition. It was a rough night for travelers in denver. A United Airlines flight made a hard landing at Denver International airport. One passenger described hearing a lot clunk and seeing sparks on the left side of the plane. United says there was a mechanical issue. No one was hurt. The biggest storm threat, rain and flooding in the west, and tornadoes in the south. Weather forecaster olga aspina from kcbs is tracking the forecast. Good monday morning to you. It is christmas week, and this is going to be a very busy week for traveling. However, if you are on the west coast or traveling from or to the west coast, be aware of a storm system that is passing through that area. That is going to be leading into christmas. And then another storm that will start on
It is 1 00 in new york, 6 00 in london, 2 00 a. M. In hong kong. Im shery ahn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. Two more trading days in what has been a blockbuster here for equities. While the euphoria last into the new decade . China takes another step to liberalizing its financial system, ordering lenders to adopt a new pricing regime. It is still early days in goldmans push to bank middlemarket companies but it is making progress in one count. Rating talent from rivals. Whats get a check on the market with kailey leinz. We are almost done with 2019. Kailey two trading days left. We are a little bit softer, invt easy. Right now, the s p is lower by. 3 , as is the dow and nasdaq, all of this on lighter volume. Even as stocks are lower, so our bonds. The 10year yield looking at 1. 9 . That is leading to a bear steepener money look at the spreads between lon
Of it. Shanghai comp, for tens of 1 lower. A relatively good week for the asx. Other Asset Classes making themselves felt. Taking a look at what is going on with that. The 10 year japanese yield continues to trade below the zero level, which is the preferred boj level. We have a bond Program Announced att 5 00 p. M. Announced 5 00 p. M. Tokyo time. Reflective of it being near six month lows. Gold is pretty much stable. Nymex crude oil is up again. Bute down in the session, over the last 24 hours, moving to the upside. Back and looking at what is going on with regards to the opec plus meeting, another deeper cut in oil production. We have breaking data. Decision for sri lanka. They kept the standing lending rate at 8 . The deposit rate at 7 . That is pretty much unchanged. What is going on with some of the first word news. We have a man who has been relatively quiet. Kim jongun making himself heard today. President trump is facing a new challenge when it comes to north korea after the l
Afghanistan. Both sides want a ceasefire. We areake a look at how shaping up for trading on the final trading day of the week in asia. We do have one market up and running, new zealand, trading for about an hour now, currently higher by 0. 5 , continuing to hover around record highs for the index. Sydney is poised to open higher as well. Futures currently up by 0. 4 . Different story elsewhere in asia. Y akei futures, weaker b little more than 0. 4 . The kospi is looking flat as well. We are expecting a fair bit of data out of japan and south korea today. We will break that as we get it. We will provide analysis as well. Lets get a little more on the markets now. Theinued speculation that reserve bank of australia will be delivering more stimulus. Shares have hit another record. We have the final policy decision for the rba due next week. Our next guest says it is three rate cuts in six months that will supercharge the markets. The chief Market Strategist of investment joins us now of
And President Trump reits troops in afghanistan and says the taliban is talking about is talking again. Breaking data from south korea breaking data from south korea, industrial reduction from october not good, down 1. 7 percent and seasonally adjusted month on month numbers. The estimate was for a fall of just 3 10 of 1 , certainly a negative territory fall after the 2 hit in september. The numbers were in line in what economists were expecting of a fall of 2. 5 . Looking dire when it comes to Industrial Production and marrying what was saw and mirroring what we saw in the china numbers this week. What else can the bank of korea do in a policy decision coming out and about two hours . It seems they will hold after we saw two cuts already this year, but a lot of questions on how long they can actually pause when it comes to the easing cycle. More on that later on. We will have an economist join us in the next hour to count ton the bok decision, a lot look forward to including the forec