Results will be determined by key battleground states where votes are still being counted. Tanzanias president john mcafee is sworn in for a 2nd time amid tight security as the opposition calls for new elections. In the u. K. Gets a new multibillion dollar rescue package to boost its economy as a glint enters a new kind of a block down mission. Time far as small have all the days sports including pressure mounts on Manchester United boss only going to stall sure as his side loses again this time in istanbul in the Champions League. We begin this news hour as americans are waking up to another day of uncertainty over who will be the next president right now it is 5 am on the east coast and in the u. S. State of georgia these are live pictures from there where vote counting as you can see has been going through the night its an extremely close race and a traditionally republican states and Donald Trumps initial lead has been steadily falling georgia is one of the one of several states wh
Saudi aramco ahead of the market debut and the Worlds Largest ipo. And masa son speaking out. Worldwide exchange begins right now. Good morning and welcome to the show, fs friday, december 6. Im in for Brian Sullivan who is in vienna, austria hell have the latest in a few moments. Lets take a look at what is happening with stocks. Major averages are lower for the week the dow is on track for the worse Weekly Performance since midaugust but things are shaping up positively. The dow will open up about 75 points s p up by 8 points and the nasdaq up by 29. Ticki ticking slightly hire 1. 797 two year at 1. 59 . The nikkei up a quarter of one percent. Shanghai half a percent as well. 1 gains for the south korean kospi. Posting biggest weekly events. And in european trade, a big miss in Industrial Production seeing the biggest drop since april falling 7. 7 estimates were calling for 0. 3 rise ftse 100 in the uk up three quarters of one percent. Looking at top stories today insurance giant Pho
The biggest strike in years. Matt good morning from berlin. Oh isadh, saudi arabia out with the numbers behind its ipo. The price tag values the state owned oil giant as the Worlds Largest company by market cap. Here with the details is bloombergs dani burger. Than 25 billion, saudi aramco has closed its deal. It is the worlds biggest ipo. This is very different from the 100 billion deal the crown prince had first envisioned. , theyearly big promises listed only in saudi arabia. A price at the top end of its range. 8. 52. The equivalent of the Share Offering was more than 4. 6 times oversubscribed. Profits, oilig companies are out of favor with some investors worried about concerns about the world worries about Climate Change will curb demand. Some of that is behind why the listing didnt hit the desired 2 trillion valuation mark. This is a whopping number at 1. 7 trillion. Aramcos profitability overtakes microsoft and apple in terms of the biggest listed. Matt thanks very much. Joining
Billion in the biggest ipo ever. Opec cuts a deal to cut output target. Were live in vienna. China handling request for tariff waivers on soy purchases. Safety first. Uber reports more than 3000 Sexual Assault claims globally last year. The chief legal officer called it a reflection of society. Matt, good morning. Matt im looking at the u. S. 10 year yield, among other things, hovering around 1. 8 . And hell see this flatline for a while today. A lot of times, traders will turn off their algorithms, their Computer Trading programs, right around the jobs announcement and try to get a human advantage for the few moments its possible in these markets. Movehen this number will if we get a shocking jobs number one way or the other. Were looking for 183,000, but the whisper number is only 140,000, so at least bloomberg clients who participate are looking for a lower number. Take a look at the features this morning, what weve got in terms of european futures, as well as u. S. Futures. We do s
Largest ipo but falls short of the 2 trillion target positive signs of a trade deal as President Trump says talks are moving along well and beijing says it will wave tariffs for some u. S. A agriculture al products. In a deal worth 3. 2 billion pounds for the Phoenix Group it is the last trading day of the week you can see behind me, there is a lot of green already in the european heat map. This is after the positive hand over from wall street. Some optimism again about those trade talks. New comments from President Trump saying the trade negotiations are on track and going well that gave a boost to wall street overnight as well, we are seeing positive momentum. Here on some reports from the Chinese Finance Ministry saying china are willing to make exemptions the narrative about trade has switched to positive again we still have a lot of green on the board. Stock 600 up about 0. 3 percent ant point. Despite the red we saw in asian markets, it has been a heavy week for Global Markets. T