Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valuation. We believe that emfx is undervalued and conditions should be conducive to pushing them into overvalued te
Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
And it is beginning to look a lot like a socially distant christmas as the rock center tree lights up and as we all mask up and get in line. It is thursday, december 3, this is Worldwide Exchange. Good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. Im Brian Sullivan thanks for joining us. Here is how your money and Global Markets are setting up their day. Futures not giving us a lot of clues. Were pretty much mixed. We had more gains for the s p 500 yesterday. Yes, another record. Your 28th of the year if you are counting at home the nasdaq 100 also hitting a new record today though, we also focus squarely on oil. Opec and its allies meeting today to try to hammer out a deal to extend production cuts through march. They could not get a deal done on monday. Today rush 1sia and other natio join the talks if no deal is made or they reduce the cut instead of extending the entire thing, oil prices and stocks could take a big hit, tha
To buy take backs and more details on what went down. All raising questions why was the Vice President is on involved in big deals Political Energy feels like to move the oil market partnering with a head of chinese company. He was considered chinas bridget to russia for deals. Another executive at the same company arrested for Money Laundering friday we will show you will be found cross checking hunter biden strip that he got secret Service Protection on. Were these trips police type of business feels. Hunter biden very payments for this kind of work and offbalancesheet prevention of the companies with any use, it was illegal and also, to the median democrats political attacks on operation warp speed, delivery of the vaccines bargaining chief advisor to operation corp. Speed said yes it did. And we are tracking a major pushback, people even u. S. Counties, Small Businesses now battling back against extreme covid19 lockdowns and curfews. Literally an explosion of losses. Were talking t
More month of this 2020 saga guys, lets killer fingers. Crust i mean it is the month of course where we get all the lights up in typically good feelings abound so i hope thats absolutely what we do have its also a month that we get some chilly weather and were going to be starting off the month that way some chilly conditions this morning and tomorrow morning will be much the same you can see all the sunshine that we have up above in San Francisco or stitcher tower you always looks good even in those foggy morning, sometimes you get the blanket down below. Radar shows rain and snow up to our north up in washington and oregon. But we stay dry thats the way weve been for over a week now the for the week ahead of us too as we begin december temperatures today eventually rise into the 60s. Were out of the 30s for most of the inland east bay where we spent the morning even san jose dropped into the upper 30s. Santa rosa, youre still at 38 saint helene at 34 early elsewhere in the bay area e