Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows, it shows there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. There was harsher treatment. The lack of details, the main thing it shows is that there is more discontent within the royal family. Are we going to see more of this . That is a question to follow. Tracy there is another story taking place in saudi arabia right now. The authorities saying they will spend billions to
More than a threeyear high as u. S. Stockpiles plunge. Why are rising prices worrying the Iranian Oil Minister . The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in outside a palace in riyadh. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story from bloomberg managing editor for the middle east. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows it shows that there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. So there was even harsher treatment. But again, because of lack of details, the main thing it shows is that there is more
The regions banks, Credit Agricole reports today. Anna a warm welcome to bloomberg daybreak europe. Im anna edwards. Manus breaking news, Credit Agricole. Anna numbers from Credit Agricole, they look to be a little light, thirdquarter revenue numbers, 4. 58 billion against an estimate of 4. 70 4 billion, although the trading revenue is one of the issues here. We have a drop of . 28 in trading revenue, down by 28 . They were hit by slower bond trading, lower volatility on that side of the market. We know that story very well. There are some upsides to the story coming to this morning. Were seeing if theres any strength there on m a advisory. Will look for more details. M a also a big story, i should say. Could Credit Agricole be interested in doing a deal with commerzbank . Well see what comments we get from them on that front. Abn amro, when and how quickly will the government release more of their holdings . Third quarter pretty much matched analyst estimates. A little bit better ther
Rishaad one of the stocks in theing the session postmarket period, we had netflix coming out with something, just reiterating what it has been doing. Big increase in the subscriber numbers, particularly overseas, helping to propel the stock. About 10 plus and afterwards section session. Oftory at the beginning april, you can see how disney, cbs, viacom, 21st century fox, have all lagged. Cbs was the best performer, still down 6 . Netflix was up 10 . That doesnt include the postmarket period, which will also increase after the nasdaq reacts properly. That is something to watch out for. Haidi thats right. I cant wait for that session to see how the stock reacts. It these questions, is sustainable, can they repeat this for another quarter . Line is the Company Actually going to turn a profit . Meantime, 30 minutes away from the opening in china and hong kong. In yesterdays session decoupling from the equity rally elsewhere. Singapore, taiwan, and malaysia just coming online. Sophie taking