Enters a third day. The u. S. Is moving an Aircraft Carrier strike group closer to the region. We are watching wider diplomatic fallot as one report says iran helped hamas plan its unprecedented crossborder assault. Shery watching the wildcard in the oil markets. At the potential the conflict could spread to the rest of the middle east. Gains for oil prices on that potential up 86 per barrel for wti. Rent is past 88 per barrel after oil posted the biggest weekly drop since march. Iran is a Major Oil Producer and key backer of the hamas group. Though there is no immediate threat is applied. People are watching what will happen with the shipping on the strait of hormuz where tehran has threatened to close it in the past. I did the treasury space Higher Oil Prices could mean higher global government yields freed we saw the 10 year yield and 30 year yield at the highest levels since 2007 last week. We saw a little more stabilization through the week with cash treasuries closed monday for t
Scenario. We will speak with bruce richards, Marathon Asset Management chairman and ceo. We are going to speak to the mercedesbenz ceo on the state of the auto industry. Welcome to bloomberg markets. There is a knot of news flow but equities going equity equities going absolutely nowhere. Guy you must have read those headlines with a spring in your step. Alix if we are looking at a new range, 80100, that also might be a little different, but different for who . Investors or the fed . Guy im wondering how much jargon i said it, you are not allowed to. You are banned from using any oil jargon. No oil jargon. I can do it, you cant. Alix thats fine. You cant say esaf. Guy Sustainable Aviation fuel is what she is talking about. Does 100 oil mean stagflation not only for the u. S. Economy but the Global Economy . Lets bring in our panel to discuss. You can take the strudel out of his mouth but you cant take opec out of his blood. Im going to start with you. You arent opec veteran. Are we goi
Theres still a huge amount of uncertainty. One of the key issues it covers is Northern Irelands land border with the republic of ireland. In 2015, 3. 4bn worth of goods were traded across it in both directions. On tuesday the Uks International trade secretary liam fox reiterated that the avoidance of a hard border in Northern Ireland is of crucial importance. Thats something the republic of ireland agrees with. But businesses on both sides want to know what the future rules will be. And in the document the eu is expected to confirm its fall back position is that eu rules continue to apply on both sides of the border. Martin shanahan runs ida ireland, the Irish Government Agency Responsible for attracting Foreign Investment into ireland and has been telling our correspondentjoe lynam about the challenges brexit will bring. I think from the companies that we deal with, brexit is not something that they asked for. For them, it typically means cost and disruption. They are working, at this
Than f. A. N. G. My acronym for facebook, amazon, netflix and google. When they try to lead, nothing else follows. Thats why we could rally as hard as we did with the dow roaring 190 points. The s p 1. 24 and the nasdaq jumping 0. 98 . Sure, it might be a one day wonder. No it could be. But wonder of wonders it did happen. I often talk about the setup of a given day. Typically when im squawk on the street i like setup or i dont like the setup which is the case for ages until today. When i said, holy cow this setup could be a good one. Too many people got negative. The markets oversold. And like i said last night, it would take tremendous discipline to buy something. Remember the what i gave you, which is a sign that were arriving from the short term bottom. I want to give you a blow by blow of what defines the setup for me. And why todays so positive versus the unrelenting negativity we have gotten used to lately and the whole setup will strike you as being counterintuitive. It all sta
Slide. The hang seng was up by 3 4 of a percentage point shanghai stocks closed down by 1 3 of a percentage point in japan, the nikkei higher once again. Another 100 points gain of half a percentage point. Trading at 21,255. In europe there is early trading taking place there are modest advances. It looks like the dax is the biggest gainer well continue to keep an eye on that. Were watching a developing story in the oil market. Crude and brent, they are moving higher on news that iraqi troops have seized parts of oil rich kurdistan. Theyre moving into parts of the city of kirkuk the u. S. Has supplied and trained Iraqi Federal forces and Kurdish Forces both have been fighting the Islamist State Group they are to if he cuss on the war with isis. One is missing, another five missing. Theyre trying to get to they were trying to get to a valve to cut off the flow of oil. Right now they are not ruling out the possibility that the oil is leaking into the lake the cause of the blast is unknow