That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the
Surveillance. I am Francine Lacqua in london. Here are your markets, you can see the stocks europe 600 is down. But nothing like some of the anxiousness we saw over the last couple of days. There is definitely a deescalation, so in certain parts of the world, there is relief in the markets. Im looking at eurodollar 1. 180. If you are looking at the yen, it is also a little bit off the anxiousness we see out there. This is the picture for the u. S. Yield, one of the main metrics we have been following closely. Look at the 30 year yield over the rest of the day. Coming up, a conversation with mike wells, chief executive of prudential. Lets get straight to a to bloomberg first word news. We begin with the German Economy, shrinking in the Second Quarter, piling pressure on Angela Merkel. Economyht, she said the was going through a difficult phase. From the previous three months, output fell and exports slumped as the trade war hit manufacturers. The italian Prime Minister has been called t
Was selected although embers of years. An Opposition Party walked out saying that early elections should be called. I think we are doing the right things. We are creating more units, more jacob zuma finally gave in to innovation. The demands of the ruling vonnie is what African National congress to step down. His nine years were marked by scandal. Pope francis meets frequently happened a little while ago in the beer industry. With victims of sexual abuse, cirac vodka is a competitor to after mounting scandal of a yours. Chilean bishop accused by victims of witnessing and ignoring their abuse. You have massive sales of a francis meets tequila brand right now. Not only because of george privately with victims several clooney. Times a month and faces backlash after dismissing complaints that how do you compete with the new were hit brands that come out newer hit brands that come out . Chilean bishop covered up the this endorsement grows abuse calling them scandalous. Global news, 24 hours
Not badly hurt by the note 7 fiasco. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin. Shery i am shery on in hong kong. Asian currencies gaining ground on the back of a weaker dollar. Tromp withdrawing the u. S. From the tpp. We had the president and the treasury secretary nominee talking down the dollar, but i understand it is not all about these comments moving the dollar. Yousef again, you had Steven Mnuchin talking about an excessively strong dollar having a shortterm economic impact, but that is not what you should be looking at. There is a different and more accurate perspective, what is happening with 10 year treasury yields in the u. S. This chart. At that is your 10 year yield and the bloomberg dollar spot index. See, ive highlighted this for you. Take a look at how close these to move. Yields are leading the dollar, so extending the slide after Steven Mnuchins comments, then clawed back those losses. Thing we do have to keep in mind when looking at treasu
Discredit the claim that question one will make communities safer. Ryan Hamilton deputy dir. , nranevadans for freedom so we see no good evidence that this law is going to stop criminals from getting any weapons, any more than the laws we already have in place. karen castro in fact, Ryan Hamilton with the nranevadans for freedom claims upwards of 80percent of guns used in crimes come from sources outside of the legal market. Question one would also require background checks for online sales and gun shows, which according to hamilton, is not a major source of crime. ryan h deputy dir. , nranevadans for freedom so we know because the department of justice studied this that fewer than one percent of all guns that are recovered after theyve been used in a crime, come from this so called gun show loophole or online sources. lt. Ray steiber metro pd homicide, retire onepercent of how many . And a percent of somebody getting a gun in their hand and doing the wrong thing and taking an innocent