Caroline hyde. Happy friday. The markets closed yesterday. It was a bit of a down day. They were looking at whether the in will raise rates september. China has destabilized things ringing around deflation and u. S. Stocks closed lower as retail sales pointed to the Federal Reserve indeed raising rates as soon as september. We are also looking ahead to french, german, and italian eurozone gdp. We have it all. Starting at 6 30 a. M. Gdp quarter comes out in the u. K. At 8 00 a. M. Moves we areig currently seeing in turkey. We are seeing some any things affecting the turkish lira at the moment. Record low if youre looking at it. Phenomenal drops versus the dollar. The dollar rising and the turkish lira falling. Are getting set for a second general election this year. Coalition talks between the ak party and the Opposition Party have collapsed and the Prime Minister which it lost the parliamentary majority back in june now looking towards yet another election. Lets look at the commodity s
What is happening overnight, things you might have missed. The rally in the u. S. Stock markets halted a selloff that had erased trillions of dollars in equities. Lets check in with the latest. David, good morning. David it is about midday here in asia for our thursday trading session. We are really seeing a tailwind coming from that, no other way to describe it, that surge in wall street overnight. We did feel it at the open. Volumes are heavier. Compared to the 30 day average, or just about every Single Market here and in the region except for shanghai, which i will get to. A move back to riskier assets, as well as cyclical commodities. Copper actually gained in asia. That being said though, the other side of this is that we are coming off and i think this happened over the last hour or so we are certainly coming off a high of the day. We are of as much as 2 . Japan a big reason for that, as you can see here. That is what we have done so far on thursday, we are only up about 7 10 of
Theyve been performing. Interesting crop. Includes avis, carmax, and many others tivo. That was one, wow. Other big winners. Anyway, largest Ransomware Attack in interpret history, and looking to protect yourself, a new industry of Cyber Insurance is booming, and theres a lot of Cyber Security names which are rallying today. Well get you details. People discover that etf today. Oh, boy. Hack is having a day. Best day of the year smart right now. Meanwhile, Charles Bronfman has a new memoir about the empire, talking the family business, and his tremendous efforts in philanthropy. We got a lot of Great Stories to get to with Charles Bronfman here. Playing bernie and ruth madoff, joining us, and why de niro did not meet with bernie in person. Michelle did, and i dont want to tell it dont give it away. But de niro did not meet with him, and unclear if madoff will see this, of course, being on hbo. I cant wait. Saturday night. That movie on hbo saturday night. A move up in oil, 2 move highe
Focus on their businesses, when i do round tables with our customers, those who have exported said they never had it so good. Just itching myself a bit there during the headlines. Oh. It happens. It does happen. Oil prices rallying as the opec secretarygeneral says a deal will happen today. Other opec members voices similar sentiment. Iraqs opec delicate said the cartel will be reaching a deal at the meeting in vienna as well today. Is it positioning . Do they think a deal will get done . Spencer is here with us. Do you think a deal will happen today . I think some form of deal will occur. They put themselves under pressure two months ago. They publicly announced they will do a deal today, now they have to deliver. Some people are saying this is the most important opec meeting for a long time, and then i remember going back to algeria, dohdoha, people saying is the most important meeting. How important is this meeting compared to past meetings . It is a significant meeting. In terms of
The cfo tells us everything is going to plan. Committed. Eel we are executing. Things are under control. Anna and sums up for facebook, as the social media giant has mobile revenue surging. A very warm welcome to countdown. I am an edwards. Manus i am manus cranny. Anna we had Credit Suisse numbers earlier. Bmp reporting secondquarter q k n÷numbers, secondquarter nt profit at 2. 56 billion, ahead of the 2. 1 billion estimates. They had again from selling a stake in visa europe. We know now they wont put that in the books, 597 million pretax gains from that sale. A business trying to get back to return on equity of 10 this year, taking additional steps to cut cost, bolster capital. A simple turnaround story, than others you can mention in the banking sector. What many analysts have been saying, because this diversity and breath of activity they take in the stock. Around 16 yeartodate compared to 27 , that is the one year share price youre looking at there. To bloomberg. Ke you see like