As germanys spy chief says huawei cannot be fully trusted, we speak to the companys officer to the u. S. In this hour. It is 9 00 a. M. Across the emirates, 1 p. M. In hong kong. Im tracy alloway. This is bloomberg daybreak middle east. Manus im manus cranny in riyaad. There is a new globally important date. December 11, their remco ipl will start to trade. The valuation anywhere between 1. 5 to 1. 7, depending on which analyst or moneyman or woman you speak to. 40 from the u. S. The negative Interest Rates. Billion, buthe 15 only one question that matters in riyadh. What is the valuation and who is going to buy their remco ipo . We have a guest later on. Michael thompson in terms of flow of money. Joins me after 30 minutes. We will get his brexit take, the flow of money and how important the region is. Good morning. Tracy lots of interesting conversation coming up in just a few minutes. Before that, lets check in on the markets this morning. The benchmark 10 year yield on china Govern
On infrastructure . Is it a different day tomorrow because of what happened tonight . No. And that they bloomberg do a story was morning there are so many problems they have to solve. Taking on infrastructure is just not going to happen in this congress. A really angry Democratic Party sitting on their hands even for policies they agree with will make for a very difficult to know more three weeks. How can they sit on their hands when the streamers are going to get deported by what . March five . Dancere is this little going on, democrats do not want to sign on to trump plus immigration plan, they will not set on 20, and they have to figure out how who is going to get blamed for it. At the human level, i think it is disgraceful. The first thing congress should do is put partisanship aside and not make the dreamer legislation some kind of Immigration Reform. They should take care of these kids that have not done anything wrong. Some people say a narrow bill. You hear both democrats and r
Forecast. I am yousef gamal eldin. Ahn. i am shery we are seeing that Global Equity trading, andian asian currencies gaining ground. Ome the nikkei losing 1. 5 a very important day for india as we get the 2017 Economic Survey and the annual estimate this evening. Losing ground,00 miners reeling, as oil prices coming down. Ally, this entire week were the about Central Banks. Yousef absolutely. We have a big week for Central Banks, the fed, boj, also the brings up this conversation around policy and pressure on the u. S. Dollar. Let me show you a chart that tells the story. Ecb tried to hike rates, but to turn a corner. This is the state of play of key Central Banks. The line in yellow is the fed target rate. On the fact they may not change rates, the base case expectation, but looking very carefully as to what they will possible balancen sheet reduction, speaking of possible passive shrinkage. Lets speak more about rising fromons, big developments the Trump Administration. The white hou
In london and midday in hong kong. This is Bloomberg Markets middle east. Lets start with how markets closed in the u. S. On friday. We had a big day on friday thanks to the payroll report coming in at 235,000 jobs. Put all the major indexes in the green. 33 and the russell 0. 38 percent. It should give you some indication of the optimism taking place in markets. Here in the middle east we are two hours away run the opening of the emirates market, dubai and abu dhabi. Theyntrast to the u. S. , had a bit of a rough close. All three of those indices down last week. A lot of optimism around oil and into this to feed equity prices. A different story elsewhere in the region. Egypt almost up 1 . A good end of the week for catch our. Quatar. Talk about bitcoin. We had a major decision from the u. S. Securities regulator about the proposed bitcoin etfs. Take a look at this chart. You can see the timeline of the proposal of this bitcoin etf in the summer of 2013 at a now we have the decision to
Drugs. Can it be won . First, there has been an outbreak in fighting between rival rebel group. The largest rebel group, the islamic front, has fought alongside free syrian army, against Al Qaedalinked fighters. 16 fighters and the levant for i. S. I. L. Were killed in fighting in aleppo on friday. People have taken to the streets in protest against the i. S. I. L. They have been accused of human rights abuses kidnapping, torture and summary killings. The council is expected to confirm that it will not attend the geneva ii peace talks due to be held later this month. Anita mcnaught is standing by in istanbul. First to zana. Tell us about the protests on the streets. They are intense and widespread. Exactly. They are growing, becoming more widespread. People are taking to the streets in a number of areas in the rebel controlled area of syria in aleppo and id lib. People are chanting telling them to leave, and comparing them to the president bashar alassads regime. Protests are growing.