Report from the region is next apple trying to lift the curtain on new gadgets a new phone not likely will anybody care . This is Worldwide Exchange on tuesday, september 15. A nice segment of music coming up later in the program by the way, good morning, good afternoon and good evening wherever you may be watching good to have you back with us. Global markets are stepping up this day solidly in the green the major average back yesterday after the s p 500 posted its worst week since june and the nasdaq the best week since march. The nasdaq back above 11,000 but still about 1,000 points away from that high of september 2. Small but mighty do not forget about the small cap stocks the russell 2000 posting the best day since july 15 small caps have been outperforming. Dont forget about the bond market either. The federal resofr and a new inflation framework in place talk of lower rates stronger the continuing note is stuck there for months around the world, a mixed session in asia overnigh
Can he avoid the curse of rolling door leaders . And the s. E. C. Is examining electric truck maker nikola over a short sellers allegations of fraud. Our u. S. Futures are coming online. Flat at the moment after u. S. Stocks rose in the regular session. Stocks rebounded from blast last weeks selloff with the likes of high dimension, oracle, tiktok. Now, the dow ended at the highest level in more than a week. The s p 500 had every sector in green and was led by real estate and tech. Take a look at what oil is doing at the moment because its gaining ground and its above the 37 a barrel level. This after feeling the pressure in the new york session. Opec downgrading its outlook for the Global Oil Market and cut its Global Oil Demand forecast for each quarter to the end of 2021. This ahead of that meeting of ministers that will be held virtually to assess the curbs theyve implemented. We go to hong kong with more. This tuesday asian features are mixed. Trade numbers from india as well as i
Welcome to bloomberg surveillance. I am Francine Lacqua in london. We are also getting a cut of an Oil Demand Forecast amid the darkening of the travel situation. If we go straight to the markets and have a look at those, the story really is with these stocks, so yesterday, the stocks had quite a big move, and we are trying to figure out exactly what that means for the earnings forecast for the future. What else i am looking at is crude oil, as you see, 42. 56, after the iaea report, and the litmus test, in terms of risk appetite, gold at 1930. Are signs of faltering after stimulus talks in washington remain at deadlock. Now, lets get straight to the bloomberg first word news. Reporter hi, francine. A warning that a failure to control the pandemic is undermining the economic recovery. The boston fed president says americas over eagerness to reopen has backfired. He is concerned many temporary layoffs may become permanent job losses. Rosengren my thought is some kind of stimulus is goin
And irelands Pascal Donahoe is chosen at the next eurogroup president. He says the focus is to bring back jobs. I will play my part in working with all members of the eu eurogroup to make sure this group makes the contributions. The challenges are great but we will prevail and will overcome we kick off the show this morning with a major oil report crossing the latest is that the organization has bumped up its 2020 Oil Demand Forecast today but it has warned that the spread of covid19 has posed a risk to the outlook. Steves been pouring through this document and has all the analysis ill be honest, not every page i think its 81 pages i have from our friends at the iea. Its pretty much what the doctor told us oh, gosh, we interviewed him on stn a few weeks ago. The situation at the moment is its halftime in the year, of course theyre hoping for better out of the second half of the year. The commentary is casting a shadow and quite interesting. Saying, look we think things are going to reb
President s, you need to put a tiger in the tank. It is very clear what the uk needs. Uk Prime Minister says a brexit deal by the end of the month is possible despite key sticking points. Jeff bezos goes to washington founder and ceo is willing to testify after long resisting a longranging inquiry of antitrusting nbc confirms north korea has blown up an office hours after they threatened to take action. A warm welcome this morning. A lot to get to. Lets kick off with the energy markets. We have a fresh report out of the iea. The iea has raised the 2020 forecast by nearly 500,000 barrels a day due to demand from china and india as well as the lockdown Global Oil Supply outlook fell in may opec plus countries reduced out look by 9. 4 Million Barrels a day. Interesting to see that they do now see a stronger Oil Demand Forecast than they now had seen previously they note that oacd industry stocks rose to 3. 1 billion above fiveyear average. In terms of oil demand, that is coming from bette