Interview with Michael Oleary is coming. Good morning. Also happy friday. It has been a long week. This is what your markets are doing and a lot of folks about what we heard from a we heard about will we heard from the European Central bank. We continue our earnings outlook. Was tech yesterday companies. This is what i am looking at, dollars up. U. S. Futures are down. Treasuries advancing. If you look at trading, holidays across many major markets. Gdpecb coming out with calls saying it could be it could rebound. Of course, this year that gdp could shrink between 5 and 12 . Year will be next a lot better. We will have the more forecast. Figureseuro area gdp being published. We will delve deeper country by country and give you an update. Lets get to new york city with the first word news. Viviana we begin with the u. S. Federal reserve expanding the scope of its main Street Lending program. Businesses with up to 15,000 employees will be eligible. Expandingl bank is its paycheck protect
investigations into january 6th and based on the evidence we saw last night, he might not be the last given that blockbuster hearing from the january 6th select committee in prime time last night. the committee put in place critical building blocks in its case against donald trump having criminal exposure as the leader of the plot against the government he led. in a hearing focused on what was unfolding inside the west wing of the white house on january 6th and in the days immediately following. the committee laid out in extraordinary detail everything that was happening as donald trump holed up in the white house dining room in front of the tv and barred photographers from the room as the mob he riled up attacked the united states capitol. the committee delivered evidence proving trump repeatedly and consistently resisted pleas from just about everybody on the white house staff for a forceful statement of condemnation. that would have the effect of calling off and stopping t
Commodities largely oily largely avoiding the rout. The latest from Goldman Sachs. This is Bloomberg Markets asia. Haidi as you mentioned, it wasnt smooth sailing. It was quite a stomach churning roller coaster. Buckling and go along for the ride. Opening the dow with that lunch, and we had a 25 minute period with a swing of more than 900 points before we had major u. S. Stocks finish in the positive. The question is, is this the new normal . His volatility back with a vengeance . Lets take a look at how things are tracking when it comes to the asian session. We are seeing this recovery mode playing out when it comes to Japanese Equities. Some of the hardest hit yesterday in the selloff. The topix rising about 3 at the open, the nikkei 225 also up by 3 . This is being driven by tronics best buy electronics by electronics and auto. David finally we can focus on the data coming out. There, and the words of bon jovi, because that has almost been the anthem across markets. Really living on
Lets check on your markets. We are getting some euro area manufacturing pmi figures. 59. 6, thatphone to is pretty much in line with what economists expected. Higher. 10m also looking at the u. S. Year yield twoyear yield. The dollar you can see steady. We have a lot coming up right here on bloomberg surveillance. We get the latest equity market calls. Find out why he sees a correction soon. Userwe talk facebooks big news. To someone from Credit Suisse. Here is nejra cehic. Nejra u. S. Oil production has surged over 10 Million Barrels a day for the first time in decades. That comes just weeks after the International Energy agency said american output would push past saudi arabia. Decades of declining output has been reversed and the nation has been turned into an exporter. The u. K. Will agree to in transition. Told themn china, he that free trade deals would still be some time away if there is a transitional phase in which britain cannot negotiate with third countries. The uks Prime M
We talked about the Economic Outlook for qatar with mohammed sergei. The selling points for qatar over the past come of years that as Oil Prices Decline and affect all the countries in the reason, it appeared to grow faster than the reduced forecast of 2. 5 . Reason is that qatar is spending 2 billion on infrastructure upgrades to host the world cup, so that has moved the needle a little bit. The embargo has absolutely affected forecasts for this year. It is interesting to see how that will play forward that play out Going Forward layout Going Forward. Shery expectations are high for growth in 2018. Are the expected the economy of qatar to adapt to the boycott eventually . Guest the really important factor at play here is the assumption that tensions will not be escalated and the conflict will not be escalated. If it continues at the current trajectory, basically the economy will absorb these cons, the cost of finding new trade routes were the beginning of investor confidence, all this