Economy is weak and vulnerable. Angie welcome to Bloomberg Markets middle east. We are seeing yen weakness drive the market, but it was the janet yellen comments that impacted not only u. S. Markets, but we are seeing that in asian stocks today. That is what is playing out here in asia, what is playing out in your neck of the woods . Yousef we are keeping a close eye on what is happening in audi rate yet as they prepare for the First International bond sale. What caught my attention this morning is what is happening with of the liquidity situation in the kingdom. Take a look at this chart. Youre looking at a three month side for. This is how much they charge each other for lending. We also added the type or and ibor and inner sa bank rates. Theyve already invested an estimated 5. 3 billion. Your sing deposit ratios up to 90. 8 does 90. 8 since august. How much more does the countrys central bank need to do to relax some of those nerves . That is what we will be looking at throughout th
, a groups pulling us there lot of the cyclical groups. Consumer discretionary stocks are leading the declines with Health Care Help to limit the declines. The other notable mover of the session would be the u. S. Dollar. We talked about the correlation less thanrices the fact that the dollar has been down and that is something investors are increasingly talking about. Were is some talk that maybe could see a return to strength for the u. S. Dollar. Take a look at the bloomberg care. Going back all the way to the 70s and the trade weighted dollar. The other time we have had long runs, have been longer than the current run in the drop in the past month or so notwithstanding. You had all volcker being named fed chairman and a 67 month rally in the u. S. Dollar. Then the dollar came down and in the 90s, robert rubin in treasury spurred and 81 month rally in the u. S. Dollar and we have had a current rally that is only 57 months. Past performance does not guarantee future results. But the
Am guy johnson. Io saying no the worlds secondbiggest iron ore exporter has rejected an approach from glencore that wouldve crated the worlds biggest miner. Jesse, you guys have been working on this and watching it very carefully. He is a deal maker. He have done it through inquisitive deals over the past 15 or 20 years. He has been here for 10 years. In this instance, the big issue will come down to price was the what we know about glencore is they never overpay for anything. To get rio, it looks like it will have to be hostile now and would be a chunky premium. Is it the last deal he will do at the glencore if he does this . A good question. We know he is an ambitious guy. It will crate the Worlds Largest mining company. Perhaps, he is an ambitious guy and a deal maker and is the last one he could do at glencore. As i look at the lay of the land, it could honestly change it significantly. You kind of wonder how the people fit into the story as well. Exactly. It would create an enormo
It hundred 92,000 subscribers in the first quarter. Price cuts certainly help. Sprint really stays ahead of tmobile as the nations thirdlargest wireless carrier. Sprint has posted two point three 8 billion 2. 38 billion in the first quarter. The sprint name is not as viable as it once was. Disney says the heir apparent co2 bob iger heir apparent ceo to bob iger, tom staggs stepping into his new role. Meanwhile shares are showing strong earnings early in the week. Sony pictures cochair amy pascal, jokes that president obama and his opinions on movie salaries is stepping down from her role in the film business there. Shes not leaving sony altogether. She will start a new Production Company with backing from tony that will retain all this region rights to her films. Hackers in the lead again. And indianapolis based company says it was the victim of a sophisticated attack, with criminals breaking into their database and sweating information of tens of millions of customers and employees. A
Company is moving in. See which one it is and what exactly theyre going to do. All right. Folks, the economic Ripple Effect from the west coast, port congestion farreaching. One company that happens to be a supplier for ikea has been hit particularly hard and jane wells has been following this story from the very beginning, and shes live in l. A. Hi jane. Hey, guys. Listen up the talks are happening right now, and while reports this morning that a deal was reached last night proved untrue, we may be close. Like really los. But weve heard that before. For Companies Like master craft furniture, that has been a delay so significant up in portland it had to lay off its entire work force. 180 people for two and a half weeks in january. Its concerned its biggest customer, ikea will become impatient. Employee David Underwood doesnt make dockworker wages and doesnt have much patience left. Theres little sympathy for the american people, i would think, on this thinging with somebody making that