Joe, the big story is oil prices once again im ready to move out past june move out where . June is too close if we are not going to open anything up, no reason to think it will be anything different than minus 38 a barrel it is related to the price of gold and the price of a suit, so i should have been buying andrew, you are spending 10 times what you are on a suit with those hugo boss things. Which none of them have belt loops for 4,000, you could get a couple of belt loops no hugo boss. It is ralph. Ralph who oil prices, it is not funny. This is out of the realm of anything weve ever seen brent crude only a 20year low you look at wti or what may was before the contract rolls. It is incredible supply shortage spiked overseas. The u. S. Movement, wtis june contract the price giving up earlier gains. Up 11 see, im ready to move to september. August at some point what does this mean for the saudis youve had your picture taken there on a sand dune youve got a feel. They should have done
Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo
It is time for the global exchange, where we bring you todays market moving news from around the world. Joining us on the phone from hong kong is karen leigh, from plus guytuart wallace, johnson, and bloombergs dani burger, and here in new york, bloombergs michael mckee. And hong kong, thousands marched through the citys financial district after demonstrations turned violent lester day violent yesterday. Karen leigh has the latest. They firedce saying more than 1400 rounds of tear gas at protesters yesterday, the 70th anniversary of communist party rule in china. People here came out to protest on that day. To give you an example of how big a number that is, that is more than half of the total number of tear gas rounds that have been fired over almost four months of protests. So a pretty big usage by the lease. We saw a lot of violence here yesterday. We saw a definite escalation when a protester was shot by live ammunition for the first time, something people here have been worried ab
Irans foreign minister speaks about the future of its nuclear deal. United states has shot itself in the foot. Conversations from the g7. You now need countries that have the fiscal space to stimulate their economies. Abigail its all straight ahead on bloomberg best. Abigail hello and welcome. Best, youromberg weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday come investors digested a slow Economic Data that came out over the weekend from china. Chinas economy continues to slow with sluggish domestic output and trade tensions since theoss down early 1990s. Dp grew six. 2 , how bad is it . Its slowing on a quarterly basis and the takeaway is the activity numbers for june that picked up in retail sales will stop also fixed Asset Investments all headed in the right direction, all eating estimates and of you look at a pickup in, cosmetics sales on a turnar
In u. S. Subscribers and slower than expected growth overseas. Shery lets get you started with a quick check of how markets closed. We saw pressure across the markets with the s p 500 falling for a second consecutive session, finishing below that 3000 level. We have industrials leading the decline. There was a mixed bag of corporate earnings, not to mention lingering trade tensions weigh on sentiment. The dow down. 4 . Dow transportation average, a gauge of economic growth, also sinking. The fed beige book, nothing that , with jobs slowing somewhat. Lets see how things are shaping up. Sophie we are likely to see another subdued session. Already off yield this morning, but there is some suspense to be had today. Plus, we have jobs data from a strip yet hong kong as well as trade figures from japan. Also in the spotlight today, tsmc with analysts respecting analysts expecting signs of a revival after a dismal firsthalf. Paul thanks very much. Iran offering a grim outlook for any chance o