I would rather be dead in a ditch. What would the world do with further delay . It is pointless. Matt good morning from frankfurt. I am here for the auto show. One of the brandnew bugattis yesterday. All the focus in the markets today is going to be on what goes on with the china rate cut, what goes on with the Oil Situation where you are. Manus you must be in seventh heaven. All the expensive toys to look at. Place here at my favorite , the World Energy Congress number 24. One word. It is about oil. Five days in a row, it is all about the rainmaker. Minister. Udi oil good morning. Good morning. We will be following that story closely. Take a look at the equity indexes in china, first off to see how they are doing after that rate cut news. You see there are gains, only slight. You look at hong kong, you would see they are down a little bit. More of a riskon scenario when you look at safe haven trade. The yen is gaining a little bit against the dollar, but you can buy 100 seven, basical
In london, Boris Johnsons plans to suspend parliament stoked no deal fears. Manus warm welcome to the show. There is only one thing that really drives the bond market, and that is trade and trade angst. If you look at the balance of scales of justice, in the past 24 hours, it comes down to mnuchin trying to steepen the curve and navarro keeping it real. There is not going to be anything likely quickly on trade , therefore we are flat. Nejra you certainly feel that pressure on the yield, hitting a record low. That is something that has caught our attention today, and i know its what you kicked off your data check with as well. Manus indeed. It is the white house really trying to have a go at controlling the yield curve . Thats what we need to ask. The 30 yield bond curve has spiked on the back of mnuchin talking about 100 year paper. The bottom line for the market as the tradings prevails, looking at dollar yuan, is anybody listening . Thats what we need to ask about dollar yuan. Yester
Approach with Jeanclaude Juncker. We are in luxembourg. Manus a warm welcome to daybreak europe. We are waking up to 5 Million Barrels of oil being taken out of the system by saudi aramco. Is it a fourweek affair . How much of the 20 price rise that we saw at the open is geopolitics and how much of it is supply . Good morning. Nejra yes, the biggest sudden disruption ever is what we have been waking up to this weekend. We have certainly been mispricing oil markets up until now. We have indeed. Let me show you the single biggest daily move. I put it in the library. Here we go. This is the kind of size and scope move we have seen on the oil market. We opened up on the biggest move since 1988. Since 1990iggest when kuwait and iraq were at war. The question we must ask ourselves is how quickly can aramco get this oil back online . You need to speak to the market and make it very clear what is the damage, what is the damage limitation. Lets look at the rest of the implications. We are seein
That would allow the minister to exclude anyone from entering australia for up to two years if they were suspected of being involved in any terrorist activity. With a strong mandate off the back of their resounding election win, they moved to pass the bill. But they did ignore a number of key recommendations on the drafting of the bill from a powerful parliamentary committee. The labor of the opposition, much less lofty now, i suspect. Mr. Speaker. [laughter] we will say the answer. [applause] my question is to the Prime Minister and it goes to National Security. Does the Prime Minister doubt which side people are on when they support the unanimous position of a Parliamentary Joint Committee on intelligence and security . Thank you, mr. Speaker. I think he raised the role of the joint Standing Committee the joint Standing Committee on these matters does important work in the parliament. And when members come to that committee, they bring forward the positions of the various parties to
The streets in a peaceful protest in hong kong, one of the biggest since the beginning of the unrest. Were live on the ground. Very warm welcome to daybreak europe. Nejra is on a welldeserved holiday. Yield overnment on bond yields. Talk of fiscal response from germany. Doing very well. Three little words from the white house. And jackson hole. 30year paperback above 2 paper back above 2 . Week, thereure last was a demolition of view. Mohamed elerian writes an oped. We will talk about it. The risk is that we have talked ourselves into a negative feedback loop. Were overdone on this bond trade. The oil market is reflective of a slightly better tone to the market. Well, thatsery what donald trump has said in regards to trade talks. Drone attacks to saudi arabia. In saudi arabia. Six rigs added to 770. Thats your oil market. Dollaryen has risen by 2 . Is it a oneway trade . Do you want to belong, be long yen . Goldman sachs says yes. You want to be long yen into jackson hole. Positioning