Leaving investors waiting for increased payouts. Good morning, everyone it is thursday lets take a quick look at the stock 600 index. We are still lower extending yesterdays losses we are down by roughly 0. 25 yesterday the dax and the cac losing all between the escalation of the u. S. And north korea lets have a look at the markets one by one what youll see is that were still deeply in the red across most of them the ftse 100 losing 2 3 of 1 . This is in part to we have a lot of the names in the trading index. And ae cac off by 40 points. This is the picture. Utilities and health care doing a little bit better. Were still waiting for credential numbers theyll be out in half an hours time basic resources down by 1 and glencore is a factor here. Well get to that story in a bit. Lets get back to our top story. Trump adviser says the u. S. Is willing to, quote, use any appropriate measures against the north korean regime. The warning comes after pyongyang said it could be ready to announc
Complicated chemistry. Shares in actelion hit bottom of the stoxx 600 as a report suggests the swiss biotech firm is considering a deal with Johnson Johnson that would allow it to stay independent. No liftoff for lufthansa. Shares sinking lower after the german airliner faces a setback in the courts in its bid to block yet another pilots walkout. You just saw steve there. Well be crossing straight out to him now. Opecs Technical Team is said to have failed to agree to details of an oil output deal. Those reports are having a knockon effect on prices. Slightly lower. Not a huge reaction but pulling down a tad. Off shy by a percentage point. Steve people are saying the market is pricing in were not getting a deal this time. I would probably disagree with them, which is not a rare occurrence. I think the market is beautifully priced to go either way. Lets look at the recent history. Doha failure earlier this year, algiers, a degree of success in september. When the market didnt think ther
We have a most interesting day because we have a record low for the 10 year yield, and we have quite a lot of movement on currencies. It is very nuanced. When i was suggest is we are looking at charts from denmark, charts from new zealand, charts from south korea. It is a global new wants to day with a letter attention to it. Most people are saying do not look at tech valuations, it is negative rates that are putting in boko haram yields. We will discuss that next. Lets get to bloomberg first word news. Ramy israel is cracking down on palestinians of during the first major attack. They opened fire in an tel aviv shopping district killing for his release. In response israel has revoke permits for palestinians to visit israel and travel abroad during robin done. Those who want to u. K. To stay in the European Union warned that it breaks it could cost jobs. Some companies have already frozen hiring in u. K. While others are using shortterm contracts to fill jobs. Meanwhile the deadline to
Says it may do more. Is china next . Referendum two weeks away, the u. K. Housing demand drops at its fastest pace since 2008. Threatsbrexit undermining the foundation . We are around 30 minutes away from the european oaken but we also have this coming up in brussels by mario draghi. What are we listening for . Asking the Vice President of the European Commission what he expected to and heom mario draghi says he thinks the ecb will urge structural reform, especially in the southern mediterranean countries well urging more fiscal stimulus from northern governments. What was a surprise to me this morning was that the director general said they have no contingency plan here at the European Commission for annex it from the European Union. I thought it was quite amazing so optimisticll that this vote will go over for the remain cap that they do not seem to have they do not seem to want to let on that they are even thinking about the possibility of an exit. Guy im sure that they are but neve
Either about i believe its other about the culture of wall street or lil wayne, i think its young money, they toll me that is what they call lil wayne, i dont i dont really know that. laughter [bleep] i am old. Right now i think three hip young interns are doing this. laughter but in honor of young money we turn to the worlds youngest money, who is a new currency, you are, yes, are you. Along with the dollar and the euro there is a new kind of currency called the bitcoin. You cant put it in your pocket, it trades only on the internet. Jon it only exists online t is the tomorrow gachi of currency. laughter that reminded me, i should feed mine. I got him laughter jon 12 years ago so hes 12 i wonder how hes doing, that no oh are those digital maggots . He was my best friend for the 15 seconds i played with him. But is the world really ready for unpocketable money . I believe it is a game changer. I think bitcoin is as big as the internet. I see it as the new gold, gold of the future. Jon