Am Kathleen Hays in york, welcome to daybreak asia, related stories this hour, monthly suggests the recovery is continuing. The Bloomberg Economic saying recovery above three point five percent. Nancy pelosi says a deadline for stainless steel well President Trump calls for a big spending package. Central bankers worn support will be needed for some time to come and new zealand stocks rise in the kiwi strengthens after the historic victory. Labor has the seats to govern alone, but she is considering a new coalition. Haidi taking a look at markets in asia we are setting up on a pretty cautious note when it comes to trading in the trading week here in asia, however we are looking ahead to Third Quarter gdp out of china with investors and traders came to see what the expectations were for this study growth were to continue. We are expecting numbers of about 5. 5 when it comes to economic expansion. This is our way of seeing into the first couple of minutes here in sydney just about two pe
About 2. 4 you are looking at additional declines the dow has improved we were down about 443 now we are indicated down about 366. S p futures indicated down about 32 all major averages saw declines but the dow was the biggest. S p off by 1. 8 . Nasdaq down by just 1 yesterday. A lot of it as we watched oil prices under pressure. Lets check thetreasury market 10year yielding below 0. 6 at 0. 0. 58 . Oil prices yesterday, nobody has ever seen anything like this no. Lead story went to minus 37. 63 a barrel. No place to put it people would like to store it. More people watching june switch over june is not much better obviously. No. I was shocked how much pressure that is under too. Big gain of 80 . Futures, strange things happen not everybody Takes Delivery reflecting the lack of capacity. I think peak oil might have been maybe not a real thing going back we are a wash in oil. Understanding all of the oil not being used crude delivery closed at 18. 27 and went to minus 37. 63 means selle
About his contacts with russia. And this is al jazeera live from london also coming up. Frances refugees in bangladesh and ask for forgiveness for the worlds indifference to their suffering. The United Nations so as to the world global crises have put at least one hundred thirty five Million People in need of aid. And senior military Officials Join zimbabwes new government critics say the old guard still dominates. We begin in the United States where president Donald Trumps former National Security adviser has pleaded guilty to lying to the f. B. I. About the extent of his russian contacts speaking in Court Michael flynn admitted his actions were wrong as had he was directed to make contact with the Russian Ambassador in december twenty sixth seen by a Senior Member of Transition Team the charges against have been brought by special Counsel Robert Mueller has passed. An investigation into alleged russian meddling in last years president ial poll flynn is now fully cooperating with the
Twelve president ial election the former Prime Minister and air force commander announced last week he plans to run for president in twenty eighteen incumbent president Abdel Fattah Elsisi is widely expected to seek another term but those were the headlines the news continues here on aljazeera after counting the cost statement thats a lot of. Documentaries. At this time. Round. Oh im has im sick of this is counting the cost on to your weekly look at the world of business and economics this week Oil Sweet Spot what price does a barrel of oil have to be so that consumers and producers benefit also this week bitcoins making headlines again but the biggest names in finance cant agree on what its worth plus african and European Union leaders have condemned the refugee slave trade in libya but still no real details on how to stop the smuggling. So what is the ideal price of a barrel of oil well thats something that opec and its allies had to think long and hard about this week in vienna but
Procession leaders accused of sedition former Vice President or anyone who says he was refused bail to stop him from running in the regions election later this month thats on the twenty first of december right those are the headlines on aljazeera do stay with us counting the cost is coming up next thank you very much for watching. News. But the message is simplistic and misinformation is rife listening to provides a critical counterpoint challenging Mainstream Media narrative at this time on aljazeera. Oh im has im sick of this is counting the cost on to your weekly look at the world of business and economics this week Oil Sweet Spot what price does a barrel of oil have to be so that consumers and producers benefit also this week bitcoins making headlines again but the biggest names in finance cant agree on what its worth plus african and European Union leaders have condemned the refugee slave trade in libya but still no real details on how to stop the smuggling. So what is the ideal p