We appreciate your staff bringing you in. Before i make my opening statement, we all have had an opportunity to look at some of the coolest things here. It is a bit unusual for a Committee Hearing to have a smithsonian artifact here. Everybody will have a chance to take a look at the mall. They are really unbelievable. You have some meteorites here. Sort of makes you think dress part. Think of jurassic park. We have the first artificial heart. A picture of harriet tubman. Somebody took a lot of pride in keeping that picture. Everyone will have a chance to take a look at these artifact. We thought it would be a way to set the stage for what goes on. When i leave here im going to try to get a job at the smithsonian, it is difficult to you today we are holding this hearing to discuss the current priorities of the Smithsonian Institution, as well as challenges and opportunities on the horizon. Congress established the Smithsonian Institution in 18 46 to carry out the will of anger scientis
57 newsroom at cbs news headquarter in new york. Im brook silvabraga in for annemarie green. We begin with the rhett rinne between north korean president kim jongun and President Trump. Earlier this morning kim called President Trump mentally deranged. He said mr. Trump would pay dearly for his remarks at the u. N. President trump promised sanctions against companies and individuals who trade with the north. Its a great threat to peace and security in our world, and it is unacceptable that others financially support this criminal rogue regime. Meanwhile its reported that the north Korean Foreign minister said his country might conduct a Hydrogen Bomb test in the pacific ocean. Now to hurricane, still a powering category 3 as it approaches the turks and caicos and hamas after hitting puerto rico. The recovery will take months if not longer. The coast guard rescued three people from an overturned ship near the puerto rican island. It had been caught in the storm the day before. Fema said
Be as markets are giving us a lot, a lot of news, just in themselves. There is a lot overall. Oil is still sliding. Global stocks are retreating and you can see that clearly in europe with the stoxx 600 down 0. 7 . The yen strengthening. We see a risk off mode with crude oil tumbling into a risk off mood. That will persist. We also want to look at the shanghai equities, and the chinese domestic stocks. I will show you that shortly and then the pound, of course, it is the cleans speech it is the queens speech today. Lets construed to the bloomberg first word news. Reporter saudi Arabias Deputy Crown Prince Mohammed bin Salman Al Saud has replaced his son as heir to the throne. The shocking announcement sonsidates the sokings power. Algian shoulders have shot suspected assailant from brussels. Had allin station wit tarins haulted. The interior Affairs Ministry confirms that military staff had intervened to neutralize an individual. Chinese stocks will be added to the msci indexes. While
Tone of his statements may tell us a lot. Rishaad 8 00 a. M. In the emirates, this is Bloomberg Markets middle east. Markets dive into the and show you the landscape across the asiapacific region. Gmm is the function on your terminal and you can see that the leader on the board today is australia after that surprising retail figure coming up to the upside. Were seeing a rally on the asx 200, with Retail Stocks and macro funds reportedly selling into the rally. But we are seeing the rest of the market with a little bit of a mixed picture, including hong kong and china. And theres down, really is this anticipation ahead of that communist Party Congress in the fall that we arent going to get a lot of policy guidance, so perhaps investors will be staying on the sideline. What are you watching . Yousef there are quite a few other asset classes, the energy has quite a bit of movement. That is taking a bit of a breather, halting gains after the longest winning streak this year stop it is down
Customer. And sell them straight to the customer. A decade after the financial crisis, is the world ready to be taken off of financial and support . This is bloomberg surveillance and im Francine Lacqua in london. We go to a suburban paris, where six people have been hurt after a car rammed into them. Police are still searching for the driver and the car. This is according to police reports. Place aftere sentinel operation since n was declared to remain until it is no longer useful. This occurred in the northwestern suburb of levall ois. We will keep an eye on that. On to geopolitics and the impact on the market. We see a very clear movement into havens. This is what we are seeing the goldyen gaining on the tensions in north korea. European stocks, slumping following declines across most of asia. The vix is up. Does get straight to the bloomberg first word news. Reporter the South African rand has led declines among major currencies after president jacob zuma survived another bid to ou