The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financing, which would be illegal, but some aspects of qe are unjustified, and not backed up by european treaties, which means th
These are your markets, the stocks europe 600 is down 0. 3 . Of course, what that means for easing against the backdrop of threats to Global Growth. Ignore this, it is the wrong number. If you look at oil, its up a touch, but definitely not at 9. 74. Will get an update shortly. There you go, american crude at 58 and . 85. Coming up that we speak to the Democratic National Committee Chair howard dean as the democratic debate takes place tonight in miami. Ahead of that government lets get straight to bloomberg first word news. Special Counsel Robert Mueller agreed to testify on capitol hill, setting up a dramatic confrontation over the trump presidency. In his report, he said he could not conclude whether Donald Trumps campaign conspired with russia the also said he could not exonerate the president from obstruction of justice. , that is whatorce President Trump threatened iran with if they attack the u. S. Tensions continue to flare with the president warning republic of quote obliterat
The recent restraint. Appealing to his core support in arizona. Bracing for a big one. Raised,ber eight being it was not too bad. We were laughing about it. But we are seeing things escalate. We are seeing dark clouds, wind and rain that could strengthen persistently. Here is why. This storm heading straight to the city. On thed to make landfall western part of hong kong. There is a chance this could be bigger than a ta. Already as you mentioned, reaction to this storm. We hope you stay safe. The Stock Exchange canceling premarket trade. Limited transport services. Ordered toe been shut down. The last time the markets were closed due to a storm was october 2016. This is not a regular occurrence by any means and one to watch how the fx trading in hong kong. News onsome breaking bhp. Onre has been so much focus their earnings results. Some saying they need to do more. We are getting headlines, they are changing around their board. Appointing terry bell went to the board saying mel can br
The oil market rebounding faster as opec implements the deal that i do not know if it has had an impact. It seems pretty selffulfilling, right . We knew they were looking for some kind of agreement to freeze production. If that is implement it, it will help the oil markets. The iea coming out with its monthly report, saying they see the Oil Market Rebalancing faster if the opec deal is important in. It seems a given, but who am i to say . You see brent at 33. 01. We will have plenty more on the iea and go live to a stumble for the petroleum conference. First, here is sebastian selleck. Seb the Republican Party a conferencecalled on Donald Trumps embattled campaign after paul ryan said he will not defend or campaign for the candidate after the comments about women. Stick to illegal immigration and stop running him. A new poll Shows Hillary clinton enjoying a 14 point lead, the largest gap so far in that survey. Since i has suffered its biggest intraday fall in a month after asking all r
During ceremonies honoring the 130 People Killed in the attack. He return for moscow where he were should agreement with russia. Hollande met with vladimir putin. Russia would avoid hitting moderate rebel groups in syria. Prime minister David Cameron said he might Ask Parliament to vote next week on leading british jets bomb islamic state. Brussels is returning to normal. Belgian authorities lowered the warning. But police are still searching for one of the suspected leaders of the paris attacks. S foreign minister is saying today that he hopes diplomacy can ease tensions with russia but that is not stopping moscow from trying to punish turkey from downing one of its bombers. Russias Prime Minister is drying up a list of economic links to cut with turkey. A gas pipeline plan could be canceled. U. S. , donaldhe trump denies mocking a journalist. Claiming he does not know who the reporter is. But the New York Times reporter says he is interviewed trump and his office and was on a first n