Of hedging backup. People going out and buying protection. The cable rate going nowhere. Youre seeing flattening in the market for treasuries. 1. 82 is how we trade. Time now for the global exchange. We bring you todays market moving news from around the world. From riyadh to zurich, london and washington, our bloomberg voices are on the ground with todays top stories. In riyadh, history is being made. Saudi aramco jumping 10 in its debut, giving a value of almost 2 trillion. Bloomberg spoke exclusively to the ceo of the Saudi Stock Exchange. If the full offering size is offered in the markets based on ,he 1. 7 trillion valuation that is a on. 5 . However, thi changes every day. We are watching the price change over the next four days. But our anticipation of 8 to 9 would be the weight of aramco. Alix yousef gamal eldin joins us now from riyadh. Give us the latest on the ipo. Yousef its been a remarkable few hours. Trillion, to 1. 88 within firing range of the 2 trillion mark, which ha
To lift the company there. In the markets, heres were reset. The action is really in the bond market, cable rate. Everything else is doing a whole lot of nothing. 1 ,cable rate down 7 10 of unwinding any of those maybe we wont have a hard brexit trades over the last what he four hours. The bond market the last 24 hours. The bond market in italy he really hitting a low. Basically, you left, you came back, and it is exactly the same. David except there were tweets from the president about maybe raising some tariffs on china. Alix but in terms of the market action, it is more like bonds are at record low. Shocker. Time to bring you todays market moving news from all around the world. Joining us from london is bloombergs emma chandra, from rome is, taddeo, and on the ,hone rome is maria tadeo is the phone is ma michael khyber. Es you cape from minister heres you cape Prime Minister u. K. Johnson heres Prime Minister Boris Johnson. Pm johnson we will be leaving the eu on october 31. Emma we
Along with the forbes media chairman. Its great to see everybody this morning. We have the Federal Reserve. With the pmi coming out. Thats where we first saw the weakness in the economy. The thing to watch for is hong kong. If you get a bad situation in hong kong its can affect the trade negotiations and a lot of other things as well. He was so adamant in terms of this extradition. The demonstrators also realize that beijing has been engaged in stepbystep. This is it for them. Thats where the protesters are. They see the future threatened by all of this. And they dont have a place to go. This is it for them. A does he really feel threatened by this affront to beijings power. The trade talks where theyre going to be be somewhat influenced by that. He thinks it is completely unlike 2015 this is a really serious Pressure Point for beijing administration i think thats pretty serious. To your point its a different crowd coming out. He feels it feels very different in terms of the crowd and
If you build it yankees will come and iconic baseball movie getting the mlb treatment, it is friday, august 9th fbn am starting right now. Welcome to fbn am l im lauren simonetti. Good morning im Tracee Carrasco in for Cheryl Casone what a week. What a week ending right where we started so lets take a look at how your money is moving this friday here in the u. S. We are seeing a triple digit decline dow futurings are down 100 points nasdaq down 50. Pretty volatile, summer week which is odd. All right lets tick a look at the yield on the tenure treasury right now. You can see pointing down, 1. 71 nine basis points below. International agency has come out and downgraded once again the global nangd forecast, how far about, the price of wti is gaining, that half of one percent 528 lets split the board also show you another that is right to safety going on as investors are git is rei gold is up another 1514 the ounce. Taking a looking at stockses in asia right now. You can see a mixed board
Morning along with california congressman darrell issa, great to see you this morning. Rnc chairman mcdon isle is here to talk boycotts and debate as well, acting director mark morgan to talk immigration and former ceo of toysrus, former target chairman jerry to talk u. S. China tariffs, taking a look at toys, former Federal Reserve chairman, capitalism in america, Alan Greenspan, talking Global Market and the fed. Dont miss a moment of it. Futures lower, lots of nervousnesses over the china situation and tariffs, yesterday markets finished up with encouraging economic data, fears of global slowdown, sparking up rally, nasdaq up 176, the u. S. Maintains pressure on hauwei, washington refuse to go grant licenses for u. S. Companies to do business with the Chinese Telecom giant after beijing refuse today buy american products, this according to bloomberg. Tit for tat continuing for hauwei and the u. S. Well, its about cooperation and noncooperation. President trump and the administration