Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a day, it opens up a window of worry. Just last thursday, the iea says iraq remains very vulnerable. It is more about could the supply threatened become much bigger. Anna they are overproducing their opec target. Annmarie this c
Swift revenge. Rattling markets and bringing the record rally to a halt a pause, maybe the s p, dow, and nasdaq all finishing the day in the red meantime, oil prices spiking to their highest level since april in fears of major disruptions to the Global Energy spry and President Trump took the stage at a rally in miami. If he makes comments on iran or others that seem jermaiger manel breng them to you. Last weeks market slide bringing jitters is it time to rethink your strategy guy, i think yes, tyler. Like you, i was surprised the market didnt react more negatively than it did should we rethink our tie combo first . The adami collection. Its great to have christina here were all been fans of her work. I wanted to match. Blue to blue. The blues me being different. I think it works. The yellow and blue is a strong thing, tyler i didnt get the memo what was the question i thought that for a while, and correctly. If you told me last night at the end of the show what was going to take place
We just met with china. We are doing very well im meeting with the vice premier at the white house i think it is going really well. Sap shares surge. Coceo tells cnbc mcdermott believes now is time for change at the top other than thinking about handing over the reigns and going through transition in the beginning of the year, he felt now is the appropriate time to come out we had a great strong quarter. Hugo boss cuts its out look for the second time. Puwlicis is also at its lowest since july 2012. A warm welcome to street signs. Lets kick off with a fresh report from the iea. They have reduced their Oil Demand Estimates for 2019 and 2020 to 100,000 barrels to 1 Million Barrels a day and 1. 2 respectively they lowered these to reflect weaker demand. They also noted that demand for opec they see falling in 2020. Also comments on supply there. Nonopec supply led by iran, brazil and norway to rise to 2. 2 million. Interesting that they continue to see a ramp upcoming out of nonopec count
Lets look at constituent movers in regards to all this. This is the position we find ourselves in. The yield one basis point to the upside. Again, we are waiting to hear more with regard from washington as to whether they will be doing anything about trade flows into china. This story has been getting a bit of traction. 7. 12. Aussie 10 year yields have continued to fall back a little bit. Up a couple basis points. The story is the governor of the reserve bank. Keeping his cards tight against his chest, as it were, as we look forward to that Rate Decision tomorrow. 3. 7 . It was priced towards the bottom end of the race. That is the position we find ourselves in. Look atlong, having a some images just coming through. Yvonne what we are seeing here is ahead of the 70th anniversary in china which is the founding of the peoples republic of china. We have some pictures of chinese leaders laying flowers at a monument to heroes at Tiananmen Square on the eve of this national holiday. Take a
Testify very soon. And boris and settle. U. K. Leader plans to lay out his brexit vision at the conservative conference is overshadowed by his past. Were live in manchester. Manus a very warm welcome to daybreak europe. We are all over the global stories. From the markets, we had the bloomberg scoop, and the United States was considering invoking legislation that would block china from accessing u. S. Equity markets, and that they would stymie the flow of u. S. Capitol china, the pathway, the capital, the keys to growth, the very essence of this story could be a new fork in the road for, lets say, discontent in the trade wars. It would involve 1979 legislation, which jimmy carter used in regard to iran. We will discuss. Weve recouped some of those losses. To the local markets now, the rba. And then new zealand. Defined by steven major, who is out ahead of the two. Is it new zealand or is it australia . The kiwi drops. What you can see is the bid, the kiwi drops, the lowest confidence i