30, which is interesting and worth bearing in mind we have not traveled that far. the bank of england stepping up preparations for negative rates. you can see quite facing the repricing at the front end of the u.k. curve as we see the two moving as two-year prospects of negative rates appear to become greater. alix: more on that boe decision with paul dale, capital economic chief u.k. economist. negative rates when, where, the future, how do they do it, when do they do it? i think the answer is probably not for a while, if they even do it at all, which suggests to me that the markets have got a bit too excited. we know that the bank of england has been thinking about negative interest rates for some time and said in august for the first time that it is part of the target. and today, the minutes revealed that they have started to make preparations so if they didn t want to use them, they could use them. now i think that is very different to actually wanting to use them. ba
news from california yesterday and have been. ,olatility is a little elevated and we have got a really negative u.k. two year yield. we were below japan a little bit early on. slightly better retail numbers, but i have to say a bleak forecast coming out of the obra. even the medium one i do not think it was positive. what are we going to be talking about? we will be talking commodities. we will chat oil and a little bit of copper and gold. francisco blanch will be joining us a little bit on a little bit later on, and he is the head of the global commodities research at the bank of america. his dash cam weighing in on those commodities commodities. fargo, citibank and jp morgan with jp morgan the outperform or. what stood out to you. it was something that one of our guests said earlier, validating the thesis that the strong get stronger, banks like jp morgan can use their skill to build up the dominance. in terms of how the shares are performing it is a mix. jp morgan all
business news live from singapore. no recession for more than 25 years. find out if the australian economy is still going strong as we count down to the latest great figures. and the price of bitcoin dips after china hits the breaks on crypto currencies. welcome to asia business report, i m sharanjit leyl. welcome to asia business report, i m shara njit leyl. australia welcome to asia business report, i m sharanjit leyl. australia has been ona sharanjit leyl. australia has been on a record streak of economic growth, mainly due to a mining boom. there are expectations it will continue to show steady growth as we wait for second quarter gdp due out this morning. but why household debt as well as slowing demand for minerals from china could dampen growth in the future high. earlier i spoke to paul dale is from capital economics in sydney and i asked him how the australian economy will fare over the next few years. i don t think australia will do terribly badly over the next f
also coming up, we will get reports that the drink maker could soon be a target of a takeover bid. let s talk about the big story of the day. it is the united states read it is the first friday of the month. the markets and the fed are watching for signs that the economy is recovering. we will hear from nouriel roubini and what he has to say on u.s. jobs shortly. he has been speaking to us from in anores of lake cuomo exclusive interview. but first manus cranny joins us to look ahead to the data. the weather has been a big factor. over here, we have been blaming easter. over there, we have been blaming the weather. a strong number is priced in. the 10 most accurate forecasters that we survey at bloomberg say 215,00. the adp number yesterday, services above the level. people are buying cars. how much of this good news is already priced in to the markets? it depends what evidence you want to look at. bmw, toys r us a bit slow to hire people. financial services under p
forward tochlt 101 south. notice the deck another back up the crush of traffic has been worse. getting out of downtown, 280 shut down this weekend. they re not only half as many, all drivers will need to squeeze on to 101 southbound the back up on to 101 started this afternoon. traveling a few city blocks every half an hour or so. how is traffic. very bad i only work on second and harrison. i ve been in the car 45 minutes we got the carpool. the carpool got us here. we re trying to get to the point. for those driver who s usually head out of the city on 280 south. and 101 south you ll need to find harrison and 4th, where i m standing. the giants game sells out. trying to guide drivers used to taking 280. couple pieces of advice is be patient, pay attention to detour signs good advice. let s check in now with laura anthony who had the worst assignment of the day, driving in the traffic. how much a grind has this been for you this afternoon? laura? well, carolyn like