Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. This is what the gap. There is a big movement on europound. That is what i would be watching. Also data coming in better than expected but really still under 50 at 41. 7. If you look at the data, the story on the markets is exactly what is happening with euro pound. Now, the fact that france is now floating a veto threat over the brexit deal makes a lot of Market Participants very nervous. I am looking at our live blog, in 2020 at funny expecthe basically says eurosterling to appreciate rapidly through the september high. Leaplks about ready to Tall Buildings if the trade talks fail. Overall, looking at global stocks really pausing for breath after record highs. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Expanding the lockdown in germany for three more weeks until january 10. Reassessrkel wants to the restrict
Ecommerce the big baba breakout. We start off with the end of an era. Exxonmobil getting booted from the dow after nearly 100 years in the index exxons tenure as the longest serving dow component comes to an end on monday when salesforce takes its place. Exxons removal from the dow is nothing less than a remarkable sign of the times. Just seven yearsago it was the largest publicly traded company in the United States since then, shares have been on a steady decline exxon is down more than 40 in 2020, on pace for its worst year ever so is exxons removal from the dow a sign that big oil is dead money . Guy adami . I think so. Its something weve been saying for a while. I think they finally came to the realization that the worlds changed. Energy is not nearly as on the to the u. S. Economy as it was a decade or so ago i guess we have to make a choice between chevron and exxon. For whatever reason, im sure they obviously have their reasons, they picked exxon to remove i think exxons been in
Monitor turkeys activities in disputed waters. Are broadcasting live direct from our studios in moscow this is r. T. International im john thomas certainly glad to have you with us right now the u. N. Security council has rejected a us sponsored resolution to extend the arms trade embargo on iran only to members including the u. S. Supported the draft while russia and china voted against and the other members including the u. K. France and germany abstained the embargo was imposed in 2010 and is to expire in october under the joint a comprehensive plan of action 2015 deal to impose controls on Irans Nuclear program heres what hes come up with more. Well the resolution put forward by the United States would have extended the arms embargo against iran now france germany and other countries have been very vocal about the fact that they oppose the United States decision to unilaterally withdraw from the Iran Nuclear Agreement and furthermore they oppose putting new sanctions on iran now in
Waters. I got those are your headlines of one of those stories you can go to r t dot com for more information right now stay tuned for more great programming this is our international. Hello and welcome to cross talk were all Things Considered im Peter Lavelle with good reason Public Discourse is focused on addressing and finally containing the code 19 pandemic the focus is on devastated economies were in a recession will it morph into a depression will the recovery be you. Know. Crosstalk economic recovery im joined by my guest Benjamin Kyle in lubbock he is the director of the Free Market Institute a professor of economics at Texas Tech University as well as the senior fellow with the independent institute and in los angeles we cross to he is an independent economic and geo political analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciating lets go to los angeles 1st year time i sai
Economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciating lets go to los angeles 1st here i said in my introduction i guess probably the most important question there is as we come out of this pandemic and its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v. A you or an l go here well weve been in an l. Shaped depression since the 2008 financial cry. Basis i mean only that true Economic Data on unemployment inflation g. D. P. And the like have been warped or hidden