Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
The broader markets are approaching previrus levels. Passed . Or crisis has tiktok is seeking another legal and to curb the use of the out in america. Shery lets get a quick check of the markets. We are seeing u. S. Interest, on the market pretty flat. Had hopes for reelection preelection stimulus, and those hopes are fading away. We have mixed banking reports. The s p 500s song for a second session. Communication stocks are leading decline. As oil rose in todays sessions. Take a look at what oil is doing right now. It rose to the highest level in nearly one week. We got a weaker dollar. The u. S. Shares turned negative. It was a weaker dollar. We had expectations for supply declines in u. S. Inventories, and that really pushing the oil price higher. Lets see how things are shaping up, here is sophie. Stock futures are pointing to more losses, after it pulled back from a march hike. Japan watching reports in , and over in south korea, the agency they hit makes it trading debut after an
Its back, and the good news is that the protests, which were tangible, premuch remain calm. It was the most historic day of protests i have ever seen in new york, happening right outside my house, to be honest. There was a helicopter propped over my bedroom for a good 30 minutes as thousands of protesters went by come up madison avenue and up 3rd avenue as well. That wakes upca to a most difficult labor economy. We have had three days of labor the friday eagerly anticipated jobs report. Francine we have a lot of time to talk about america and the protests. To start us off with bloomberg first word news in london is dani burger. Dani as you said, thousands of people took to the street again across america, to protest police brutality. But there appeared to be less violence than there had been for several nights before. Curfews went into effect to stem unrest over the killing of george floyd, a black man in police custody. The pentagon is distancing itself from President Trumps warning t
Signaling that it may need to do more to the boe, signaling that it may need to do more to combat lower growth. Bloombergs Francine Lacqua spoke to andrew bailey, the bank of england governor, following that policy decision. Gov. Bailey we are keeping options open on that. Im very clear on that. Other members of the committee thought it was a sensible decision to take in our next meeting, when we may have more information. Francine are we any closer to negative rates, or is that not an option right now . Gov. Bailey we are not ruling anything out because it would be unwise of us to rule anything out in terms of responses. I dont want to say we are nearer to negative rates, but we are not ruling anything out. Francine under what circumstances will we get negative rates . Gov. Bailey its a complicated question. You have to view it in the context of the times, also in the context of the financial structure we have, and what are the consequences of it. I just want to caution, we are nowher
Shrinks, but it doesnt set the u. K. Up for a good spot Going Forward. We are seeing the relationship between fiscal and Monetary Policy really evolve the u. K. We will break that down over the next few hours. You are seeing bond markets bid across the board, as we are koff develop. We want to kick it off with Michael Mckee. Theld central bank mike,entral banks if i say mmt, am i wrong . Anyway. Yeah, [laughter] its confusing, though, what is going on with the economic philosophy called mmt. Yes, it is unlimited cash in unlimited amounts for unlimited periods of time until we get through this. Youre still going to work your tail off today before we get to 4 00 p. M. Lets start in london come over the bank of england is going to finance Government Spending for the time being by lending money directly to the treasury. It is called the ways and means facility, a shortterm credit the last used during great financial crisis. Government and the bank say any borrowing will be repaid by the en