Markets are trading higher, taking their lead from asia. And i sit down with the man who makes hollywood blockbusters without the hollywood budget. Jason blum tells Me Why Making Movies On The Cheap gives him more freedom to make betterfilms. And as the boss of] crew says he underestimated how technology would revolutionise retail. We want to know how has it tech changed the way you shop . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Do get in touch about your Online Retail shopping experiences. What did you buy in the midnight hour after a Big Night Out . That will be interesting we start with the price of oil and whether that goes up or down will be decided later at a meeting of the worlds top producers. Opec the organisation of the Petroleum Exporting countries is led by saudi arabia, with other major producers including iraq, iran and nigeria. Theyre being joined by non opec members inclduing russia and are expected to announce a deal later to t
Level thats needed to provide for new entrants in the labor market, we do have a strengthening economy. With policy accommodative all youre doing in raising rates is removing a bit of accommodation heading toward a neutral pace. And i see that is appropriate. Were not moving so aggressively as to put a break on continued improvement in the labor market. But i think that thats a prudent move to move in a gradual way with unemployment now. And not only the Unemployment Rate, but i think any indicator of labor Market Performance and tightness that you could look at whether its household perceptions of the availability of jobs, difficulty that firms report in hiring workers, the rate at which workers are quitting their jobs, the rate of job openings all of these indicators do signal a tight labor market. Now, with inflation below 2 , i think its appropriate that the labor market be that tight but on the other hand, i think we want to avoid the risk. We want to keep the expansion on sustain
Him and he won it to please everybody. He is serving a 150 year sentence. The Supreme Court will issue the last opinions of its term on monday according to chief justice john roberts. The court has six argued cases awaiting decision, although it auld schedule some for schedule in october. The court could act on the travel ban and any time. Food will soon run out for south sudanese sheltering in uganda according to the United Nations refugee chief where he described disturbing shortfalls in areas like food, shelter, and education. He said that malnutrition rates among refugees are alarming and said thatfood program the pipeline in uganda will try up soon or code global news 24 hours a day from our more than 2700 journalists in more than 120 news bureaus around the world. I am mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, i am julia chatterley. I am scarlet fu. Joe an im joe weisenthal. Towards thestocks final close of the week. Joe but the questio
A very warm welcome to bloomberg daybreak europe. We are waiting for one of the blockbuster reports. Dfm to come across the tape. No greenspan said there is bubble in stocks, he is right on a few things. Just cut rates and sometimes you end up with bubbles. What we have done is we have taken volatility index and overlaid it with a little bit of extra which is the cost of options to bet on the volatility index and that is right. We talked about subdued volatility for some time. Tape, anna ng the back to the allah told the story. 2. 16d quarter net sales coming through on the bloomberg. At 6 Million Euros. Ompany that has hold the has had to hold itself together. The attentions of industries also came. The Company Seeking to cut costs and they have been transforming themselves into a new a nutritional ingredients company. E will speak to the ceo back to the story on volatility. Vvix which tracks the cost of fix options, that is what is circled in the far righthand side. Vix, wayraded on
From abigail doolittle. Basically inline jobs report. We are looking at unchanged markets for the major averages. And the nasdaq up 3 10 of 1 . The nasdaq is on pace for another record close. In fact all three major averages are on pace for a weekly gain. Turning to a market where there is a little more volatility on the day. That oil had been higher and starting to treat lower. Iran sold maybe 13 million ahead off offshore oil the supply cut deal. Basically taking advantage of those higher prices ahead of the deal. Great the hear two year rate trading higher. This tells us bonds are selling off area the two year yield is actually up on the week. These rising yields are helping the bloomberg dollar index. Rising rates in the bloomberg dollar index. Think the rates will rise more, in light we have the bloomberg dollar index. In blue we have dollar positioning. There has been a nice uptrend since june. This may suggest there are lots of longs out there. Would certainly support more stren