Good morning. Im guy johnson. The team is running through global markets. Lets talk about how we are trading. Crushed equities got friday. London closes today. You will see a lot of things being taken out of the European Space let me show you some of the main market boards. Let me show you what is going on. Dollar yen a critical line. 106 is where we are trading or. Get to 105 and you can see action from the boj. A continuing move on what is happening with the dollar yen traded. Nymex is trading down 1 . We have a decision out of the rba tomorrow. 1 10 of 1 . We will come back to the market shortly. Lets get you caught up with what you need to know. Hugh hughes calling off the merger. They met antitrust resistance in the u. S. And europe. Halliburton must pay a termination fee by wednesday. Paymentthing on a bond later today it cant pay its debts. Thegovernor warning that Government Development bank would miss its obligation and called on washington to help. Last week, movies said any
London. I have a chart here of the shanghai composite index from the last three days. It shows the weakness coming from the asian session. Around this china story. Industrial output is below estimates. All of that initially got the market thinking that maybe the Chinese Government will give more stimulus. But that be a good thing . We are now seeing some weakness coming through. It is moving a little bit lower, the shanghai composite. Lets put that into context. What does that mean for the rest of the asian trading day. Lets get to asia. A precipitous drop here. You showed the charge. Here it is again. Here is the shanghai composite. Check this out. A 3 drop and it has played out over the morning. Over two hours this point. We started the day higher on the shanghai composite and in hong kong which was at one point leading gains across the asiapacific. As investors noted the latest industrial output figure, what we realized is that this picture in china is not as strong as some may thin
Lawn. We do have a chance of rain, no rain on the radar for the area yet but we are dealing with areas of fog. Its a warm muggy start, light fog in doylestown and blue bell. Visibility has been down to zero at coatesville, thats dense fog, going to make for slow going. Burlington county, mount holly, wrightstown with fog that will likely get thicker. Mainly dry but into the afternoon thats when well probably see the first showers arrive. 70 at 6 00, 9 00, not much warmer at 73. Mostly cloudy. A warm one, 73 is the normal high temperature. Were heading to 79 and climbing by lunch time today. Well go through it hour by hour when im back in ten minutes. Right now Jessica Boyington has your first alert traffic. Bill, its finally great to be basically back to normal where the biggest thing were worrying about here is ongoing construction on the schuylkill expressway. These are around girard avenue on the eastbound side in here. You can see we have lane restrictions up in this direction, so
Electric terminates a 3. 3 billion deal costing them 175 million in break fees. Big day for french local elections as the front nationale wins after a reaction to the paris attack. Translator the people expressed themselves and with the people we raise our head. There is an uneasy calm in Financial Markets. Thats the warning from the bank of International Settlements which says the fed rate hike could trigger rate hikes in emerging markets. Good monday morning. Im susan li. Also coming up on the program today, nothing ventured, nothing gained. Well be hearing from legendary tech investor sir Michael Moore on whats taking place right here in london. Also, political sweeping changes in venezuela. We assess the implications of a new government after two decades with president meduro in power. And can climate talks in paris propel us towards a greener future. The ceo of vesta speaks to us later on in the program. Welcome to the show. So we got a recovery in markets late on friday after the
Break fees. There is an uneasy calm in financial markets. Thats the warning from the bank of international settlements. B. I. S. Which says that a fed rate hike could trigger renewed panic in emerging markets. Getting the icahn service. The billionaire investor takes a 12 billion stake in Service Retailer pep boys sending shares higher after hours. Good morning, im carolyn roth. Coming up on the show, nothing ventured, nothing gained. Googles head of Venture Capital says Tech Startups are waiting too long to go public. Sweeping changes in venezuela. We assess the implications of a new government after nearly two decades of socialist rule come to an end. And can climate talks in paris propel us towards a greener future. The ceo of vestas speaks to us later in the show. Here we are kicking off new trading week. Off the 2 rally that we saw on friday. Its the biggest number that weve seen. The implied open looks like we are above fair value. Looks like the rally continues today. Industrial