It was above 59 at session highs come about right now just below that once again. The worst performer in the s p 500 right now, brownforman, the maker of jack daniels, among other spirits. Guy in europe, the picture fairly mixed. We been watching equity markets throughout the week be buffeted by the trade story, and we will continue to watch that. European stocks dipping over the last couple of hours. Lets go to vienna, where delegates are telling Bloomberg News that an Opec Committee is recommending an additional cut of 500,000 barrels a day. Bloomberg spoke exclusively to nigerias oil minister, who said his country would agree to more cuts if needed. It would be a tough decision, but we will have to cut, yes, if that is the position. Joining us from vienna, bloombergs Annmarie Hordern. What effects will these cuts have . Cuts wouldell, these take it from 1. 2 to 1. 7. The big question is distribution. How will this be distributed . Thats what the Russian Energy minister alluded to. T
The report exonerated President Trump and he has said time or Counsel Robert Mueller said no. Things for democrats and republicans to light for a number of reasons, but in terms of moving the needle on impeachment, questionable if the first hearing would do anything to do as much. David we have a second hearing shortly after theyre done with this one. If they are not moving the needle, might this be good news for Speaker Pelosi . She has made no secret of the fact that she would not fight the 2020 election on impeachment. Kevin from her perspective, yes. Respective,akers impeachment would impose a significant political risk. In terms of also the Agenda Setting for the democratic party. From the progressive bases perspective, they feel that this is something it is time to come to fruition. They feel the base once this and they feel their voters and constituents, particularly in altra progressive district, have been calling on this for several years in ultra progressive districts, have b
Will the free democrats be able to and green party for my deal with that . Democrats this is bloomberg surveillance. Im mark martin in london. Equities, seven days of decline before today. Sinceosing streaks november last year. The streak has ended one hour into the thursday session. Stocks are up hundred, buying 4 10 of 1 . Sterling lower, the dollar falling for its first day in three. Retail sales data across the bloomberg terminal terminal, down roughly. We will bring it to life. Nflation tuesday german 10 year yield up today. 39 basis points, rising for the first day in three. 48 basis points before the ecb. In october, 26. That puts it in perspective. Its come down since then. Oil is up, 55. 35. U. S. Rose,in the extending its record run. But get bloomberg first new first word is with sebastian selleck. Sebastian ron johnson has become the first republican to oppose the gop tax plan in the senate. He says it doesnt do enough for a lot of businesses. That came as house leaders clea
Why . Because of comments out of the delayed speech. Mark carney seemingly talking of holding off weight kite rate and weaknesses in domestic inflation pressure. This affects the u. K. Yield, so bonds are rallying. Up about. 1, but not seeing that correlation we usually see with the british pound. That seems to have broken down and barclays, down. 25. Four former executives charged of conspiracy to commit fraud. We will be taken that further as we go on. We have had a weaker day for the pound. This is on the back of england government saying they are worried about the impact of brexit on the economy and mark carney signaled they will not be rushing to raise Interest Rates. Given the mixed signals on Business Investment and Consumer Spending, and the inflationary pressures that are subdued and anemic wage growth, now is not yet a time to begin that adjustment. Francine joining us is , and they willr give us their take, simon, it seems as though from philip view,ds points of finances rea