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we start in the united states, with a democrat doug jones this week delivered a stunning upset by beating republican roy moore in alabama. that since the republican senate majority to just one. kevin cirilli joint to myself as the results came in. we are hearing he will come out and address his supporters any moment now. but the republican majority in the senate is razor thin, down to one vote, the number of votes republican can lose. there are host of issues, that is the only vote they can lose. with tax reform coming, this is the bottom line. doug jones will likely take office sometime the week after christmas and before january 3. tomorrow, president trump is going to meet with a bipartisan group of lawmakers from the house and the senate on the conference committee to finalize the details of the tax reform package. if republicans want to get this done by the end of the year, they have to do it before doug jones gets up to washington, d.c. because of that razor thin ....
abu dhabi s national energy company, another m of prolonged resist and oil. it s 8:00 a.m. across emirates, this is bloomberg markets: middle east. get you up to speed in terms of the melody, the rhythm, in terms of equity markets in this part of the world. we are two hours away from the open. this is how the gcc pans out. you can see downside pressure that oil price is putting significant risk into this equation. there is a lot more conviction in overall volumes. a 60% jump. retailer is jumping a 10th of 1%. of telco down 10%. also more petrochemicals are expected to report earnings in the coming days. saudi stocks of been the worst performers in the last trading day. egypt and oman were close for public holiday. we are looking forward to some inventory data from that your iap we are seeing big moves on the gcc bond. bits tightening a little further. as the optimism and equity rallies, the momentum continues 1060 $4000.t turkish lira is in focus because we have the c ....
we talked about the economic outlook for qatar with mohammed sergei. the selling points for qatar over the past come of years that as oil prices decline and affect all the countries in the reason, it appeared to grow faster than the reduced forecast of 2.5%. reason is that qatar is spending $2 billion on infrastructure upgrades to host the world cup, so that has moved the needle a little bit. the embargo has absolutely affected forecasts for this year. it is interesting to see how that will play forward that play out going forward layout going forward. shery: expectations are high for growth in 2018. are the expected the economy of qatar to adapt to the boycott eventually? guest: the really important factor at play here is the assumption that tensions will not be escalated and the conflict will not be escalated. if it continues at the current trajectory, basically the economy will absorb these cons, the cost of finding new trade routes were the beginning of investor ....
we talked about the economic outlook for qatar with mohammed sergei. guest: the selling points for qatar over the past come of years that as oil prices decline and affect all the countries in the reason, qatar continues to grow faster than it. qatarbeen its continues to grow faster than its peers. it appeared to grow faster than the reduced forecast of 2.5%. the reason is that qatar is spending $2 billion on infrastructure upgrades to host the world cup, so that has moved the needle a little bit. the embargo has absolutely affected forecasts for this year. it is interesting to see how that will play forward that layout going forward. shery: expectations are high for growth in 2018. re: economists adopted? are economists adapting? are they expecting the economy of qatar to adapt to the boycott eventually? guest: the really important factor at play here is the assumption that tensions will not be escalated and the conflict will not be escalated. if it continues at the ....
what is a more normal rate? years.o motown s moving production north of the border. who is in the drivers seat when it comes to the auto sector? matt: happy new year. i have not seen you since. let us take a look at futures. we are up across the board. you can see the ftse futures are up about .5%. we have gained more than a quarter of a percent over in .aris on the cac and a third of a percent on the dac. looks like a positive week were equities. guy: i think that could relate to what i m about to show you on the gmm. the british pound is down by nearly a full percent. johnson-ferrohe cross rate. the dollar index up by 0.2%. keeping a firm i on what is happening with the potential candidates to replace janet yellen. i think that is coming on the a gender as we see a more hawkish stance being taken. we will talk about oil later. firmly in focus. here is the bloomberg first word news with juliette saly. agreede: mcdonald s has to sell 80% of its operations in china and h ....