Good morning. This is bloomberg surveillance. Im Francine Lacqua in london. We have a packed show. , we talk infrastructure spending. Are joinede show, we by mark mobius, starting at 9 30 u. K. Time. We do have a little at a breaking news on oil. The iea just released the reports. The goal is to outstrip demand gain for 2018, this is interesting because it follows those cuts from a number of opec producers, including saudi arabia. The ieaclear whether expects demand globally to be a little stronger than we were expecting. This is the impact on crude oil after the breaking headlines came in two minutes ago, up 45. 87, down 1. 2 . It is fed, so i want to look at the dollar. The dollar is weakening for a third day. U. S. Treasuries are edging up. European stock markets are opening up a little bit higher following a mixed day in asia. If you look at the generic two year yield, that should be in red. We are trying to fix that glitch. Gold, 1267. It is always a good thing to look at gold and
That flag on market street. That flag is in cape may. Where is your flag . Why dont you grab your flag and shove it up your pole . What . Sling it up your pole . What . Run it up. Oh, you run it up your pole. Couldnt come up with that. Run it up your pole. Whatever you do your pole, get it done today. It is flag day, right . Book at us, were red, white and blue. Thats true. It is as close as well get to it, i guess. And sue is red, white and maroon. Sort of in the vicinity. We have flag give different reason. We do have rogue shower out there. Bus stop buddy says yeah, might need that umbrella at times. This just popped up within the last 20 minute or so. Heavy rain, that is easing up little bit as it moves right through philadelphia, right down the schuylkill expressway, and headed across the river, into new jersey. So, the flag is flying, proudly here in old city, it is 78 degrees. Inch he stead of yesterdays high, today, expecting oh, 82, we will take it, now you cant rule out a pop
To suggest i after participate in the any clues, that i was aware of any clues with the russian government, is appauling and detestable lie. Attorney general Jeff Sessions testified as part of the ongoing russia investigate. The question he would not answer from the sin at committee. We saw flames not more than three minutes ago from this Apartment Building as flare up room likes theyve knocked it down. True. But you can see still working hard on this. And it happened there it is. There is the part we were showing earlier. Flames back up 24 stories high. Started 1 00 in the morning their time. Now noon there. One minute past noon in london. Stir style not out. Theyre wore tid will collapse at any moment. Six people confirmed dead. That toll probably will go up. They cant find people. Fifty people taken to the hospital. Theyll keep an eye on that for sure. We have a call into our fire commissioner, because i always think about this, any time, you think back to what the late 80s, early 9
Ordered a full Public Inquiry, saying people Deserved Answers about why the blaze spread so rapidly. 17 people are known to have died at Grenfell Tower in north kensington. Our correspondent Katie Razzall has spent thursday in the shadow of Grenfell Tower, speaking to people who have lost loved ones, and others whose friends and Family Members are still missing. Yesterday about afternoon we were accommodated. Thats where i live, 571. Until the accommodated. Thats where i live, 571. Untilthe early accommodated. Thats where i live, 571. Until the early hours of wednesday morning, this man lived in g re nfell tower. Wednesday morning, this man lived in Grenfell Tower. Now his home is a hotel. Hes haunted by what he saw that night and the neighbours he believes just cant have survived. That night and the neighbours he believesjust cant have survivedlj know for a fact they died and they are missing yet and being inside the building for this many hours, of course you are not going to live. H
Takata. Ction, president putin pokes fun at washington. The bank of japan, that surprise from the boe with three members of the committee deciding they want to raise , nos far more hawkish change expected at the boj, but maybe more news and terms of their bond buying program. They have been buying longer dated bonds. 3059 shows you the shape of the curve, steepening significantly. Curve steepening does to suggest the economy is firing on all cylinders. It means banks can make more money as they buy longer dated and linda shortterm as well as higher Interest Rates. Thats a we have looking at the boj. Haidi putting an end to this jampacked week of centralbank policy. Equitiesmarket falling after the dollar strengthens. If it will bes bad when it comes to capital outflows from this part of the world. The bank of koreas suggesting it could tightening. I press conference from governor kuroda today whether the doj is ready to start thinking about an exit strategy. David is having look at the