Significant challenges. Hedges rise, oil falls for a cplus talks ope are delayed for a third day. Crude had capped its biggest monthly increase since may. Heading for the exit. Unicredits ceo is stepping down after four years at the top of italys biggest bank. It comes amid clashes with Board Members over acquisitions. It is 6 00 a. M. In london, 7 00 a. M. In vienna. We are where we are supposed to be. You wanted to start with oil. I absolutely applaud the decision. There is this line that the prince threatened to resign. My question is simple, is that petulance, posturing, or productive . Good morning . Morning. Annmarie i am certainly sure it is not productive. They are meeting on thursday. A brilliant note overnight saying that like with everything with opec the first day, there is always drama. She compared it to as much as drama you would see in an episode of gossip girl. A lot of infighting. Usually, you and i will report on it between saudi arabia and russia. This time, it is r
Agents about talking to the russian ambassador. The Trump Administration is considering a move that could boost travel. Several agencies are urging the injuryouse to lift an ban on nonu. S. Citizens that was put in place to slow the spread of coronavirus. The band has caused big losses for airlines and the transatlantic markets. In germany, a partial lockdown has been extended for three weeks to just before christmas. Chancellor merkel is trying to gain control of the latest coronavirus resurgent. There are tighter limits on private gatherings, but german schools in most businesses will remain open. Franceng the u. K. Is accusing the u. K. Of dragging its feet over brexit. The French Foreign minister says the outcome on a new trade deal is highly uncertain. Negotiations are to resume in london. The u. K. Is set to leave the European Union at the end of the year. Whether there is a trade agreement or not. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more tha
We welcome you on the simulcast. Bloomberg radio and Bloomberg Television across this nation and worldwide. This due of news is just extraordinary. An important moment will be Lawrence Kudlow after the jobs report. But jon, i want to talk for a moment about the markets. Affected. Oeing come up 5 . Igit 13 on the s p 500 yeartodate, and the nasdaq 100, lisa has loaded the boat on the nasdaq, up 38 . This is a boom and great bull market. Jonathan record on the nasdaq, just off that on the s p 500. The market has ignored all of the bad stuff over the last month and held onto all of the good stuff. Does that change in 29 minutes . The payrolls report, the estimate for hunted 60,000 the estimate 460,000. Tom Kevin Cirilli talking about the enthusiasm to get something done. We will talk about that in the moment. I love what greg peters of pgim said in the opening credits, the idea that everybody is looking for every bit of yield. To me that has been undersold story this week about how other
On the difference between 12 miles of fisheries and 200 miles of fisheries, and i can understand the delicacies. I believe as the Prime Minister tries to help mr. Mccraw by phasing in those fishing rights. We will be speaking with our fisheries expert, therese raphael. And the underlying question, how many can fish at any time, we will see if they want to sign something or whether they want to postpone it. Thats get to first word news with ritika gupta. Ritika the Justice Department is in talks about resulting charges against the ceo of huawei technologies. It is a longrunning dispute that fueled a clash between the u. S. And china. Canada arrested mag ones out two years ago, confined to the city of vancouver ever since. There are talks of a third prosecution agreement on violating sanctions against iran. That would allow him to return to china. Call for says he will americans to wear masks for the first 100 days of his administration. He will issue a Standing Order biden sayses he thi
The formal application caps a period of speculation that this would be occurring. We are seeing pfizer in premarket rise nearly 2 , biontech down. 3 . Interesting to see how this is confirming what a lot of people have expected, but adding to the risk on feel that we are seeing in markets today. The sense we are going to move past this period that has been incredibly painful economically, as well as socially. Francine lets get the details from fan from sam fazeli from bloomberg intelligence. The news is out. How quickly can some of these clearances be given . Sam good morning, francine. Fdahe u. S. We have the meeting coming up on december 10. It is possible they move on that pretty quickly the next day or the day after. And then in europe, this is the combination of a process that started off sometime in early october where the companies have been filing their manufacturing , and there is no new data in the press release. So it is possible that we should get a European Response by bef