We are waiting for that bricker hughes baker hughes breakdown. We had six straight weeks of declines. On a decline coming into this week. Total rig count is 408 according to baker hughes. We are still waiting for some of the oil rigs specifically to come in. When we get that data, we will come back to that. You can see crude prices are up 3 . Overall in the last five days, the Energy Sector has been a pretty poor performer. Performer today but still on track for six week of gains. It is the best week going back to april 10. The largest of streak you have had since may 18. You are getting some of that rig count data falling to 408 rigs. I want to look at the canadian dollar. Getting some weakness relative to dollar strength. Bank of canada named a new governor, going back to a veteran who led in the 2008 crisis. Finally, it is all about the individual stocks we are watching. Reported operating income next quarter could be negative. American getting a price target cut. One dollar a share
I have friday on my mind. Be with me girl, shes so pretty. Lauren welcome to fbn a. M. Happy friday. Im lauren simonetti. Cheryl were not going to let it go at all through the whole show. That joke is going to stop, i promise. Good morning. Im cheryl casone. It is friday. Lauren and frozen 2 is out, its in h theaters, going tonig. Its been a down week, first down week for the Broader Market in six weeks but the dow is up 52, the s p gaining 6 this morning. Cheryl the comments from xijinping overnight, lets take a look at asian markets right now and youve got green a across the screen except for the shanghai market, look at the hang seng, look at the kospi, all green. The nikkei as well. Again, china looks like theyre ready to make a deal. Lauren the new European Central bank head Christine Lagarde is speaking and in europe stocks up across the board. Cheryl we start this morning with china, they are vowing to retaliate if necessary as they work to reach a trade deal with the United Sta
Nejra welcome to bloomberg surveillance. Francine lacqua is in helsinki at the nordic business form. First, lets check in on the markets. European equities turning negative of the stoxx 600. The 10 year yield moves lower after jumping ive basis points yesterday. So a little bit of risk off in terms of equities and yield. But the weaker dollar suggests there might still be optimism out there. Conflicting headlines ahead of the trade talks. Francine lacqua is at the Nordic Business Forum. Do not miss her interview with the ceo and founder of zuckerberg media. Thats coming up just after 9 30 a. M. And later, francine will speak to finlands economic minister just after 9 45 a. M. U. K. Time. Lets get first word news. To force kurdish militants away from the region, turkey has launched a military incursion into syria. Four years them and kara for ankara has fought and says it will not allow the kurdish protostate on the border. When asked what President Trump would do if turkey wiped out th
Operators collapse. The British Supreme Court prepares to rule on the lawfulness of the decision to suspend parliament he says he wants a fresh nuclear deal with iran and says donald trump is the guy to get it done. And saying the trade war is the biggest obstacle what scares me is that instead of trade buying the big window of opportunity, it weighs like a big dark cloud on the Global Economy good morning. Welcome to street signs. Yesterday, about 24 hours ago, we had those extremely weak pmi numbers coming out of germany. We are just getting business numbers coming out now it is saying german business moral has risen in september the Climate Index is at 94. 6, slightly higher than the forecast of 94. 4 Current Conditions come in at 98. 5 better than the forecast. The forecast came in at 91. 8 so it is interesting on current climate conditions came in higher than expectations the forward looking metrics actually fell to 90. 8, that is lower than expectations of 91. 8. Slightly better
President donald trump says the cost is too small but fed chief Jerome Powell says its just what is needed for the Worlds Largest economy. Some had expected more from the u. S. Federal reserve and want the Central Bank Head to room poll held his own and lower the benchmark Interest Rate by 25. 00 basis points todays decision to lower the federal funds rate target by a quarter percent to 1. 75 percent to 3 percent is appropriate in light of the Global Development or mentioned as well as muted inflation pressures as expected u. S. President trump was quick to react to the decision he tweeted jay powell and the Federal Reserve fail again no guts no sense no vision a terrible communicator. Trump recently called for the Interest Rate to be lowered to 0 percent he wants to prevent an economic slowdown in the lead up to the president ial election next year but the economy is doing well the Unemployment Rate is very low at 3. 7 percent the u. S. Economy has continued to perform well we are int