Francine a couple of days ago. They are close in condemning huawei in china. This is over a security law that china did in hong kong with the u. K. Offering to suspend the extradition treaty with china, something that china has not taken so well. Nott punish the u. K. By doing dont touch football. It is something that actually could simmer, but we had a great story on bloomberg yesterday saying that under president xi, we could just see a china versus u. S. , china versus u. K. , as he is ready to take on the world as being the strongman back home. Tom it will be interesting to seal. I will be emailing our chinese brethren, on crystal palace, i believe, sunday. Right now, first word news with karina mitchell. Karina bloomberg has learned there is a settlement in the Goldman Sachs case and malaysia. Elation would drop all criminal charges it malaysia would drop all criminal charges against the bank. China has struck back. He has ordered the u. S. To close its consulate in the southweste
The stoxx 600 are flat. The focus is on trade. I would like to point out eurodollar is the one we are watch out we are watching out for after some pretty concerning news out of germany. That was the employment figures. Coming up on bloomberg surveillance, we will talk about the outlook for u. K. Assets. What happens next in the bond market. Lets get to the bloomberg first word news. Viviana Prime Minister Boris Johnson denies he broke the journalist groped a journalist 20 years ago. The year overshadowing Conservatives Party ifservative parties brexit gets delayed he will not resign. I have undertaken to lead the party at a difficult time. I am going to continue to do that. Have a responsibility to do that. I think it is our job to get brexit done on october 31 but to move the country on. Viviana donald trump is calling for the impeachment inquiry to be questioned. He demands he meets the anonymous whistleblower. U. S. House Speaker Nancy Pelosi telling cbs news she is asking President
Culture of corruption came from the soviet era and it was and it wasnt fought with in the early stages all army as independence just like it was the case on other in other countries it became a norm. The Mining Industry and body thought corruption say activists extraction permits given by politicians without due process or proper scrutiny had terrible environmental consequences. The armenian environmental front a volunteer group mana says pollution levels of mines across the country including kinds iran are manias biggest we have many mines in armenia and armenia is none that big we have a small country saw but we have huge mines here we have the tailing dom which is one of the biggest in the world. For decades the countrys mineral wealth has been plundered by oligarchy at the cost of the environment lax legislation and very low fines on pollution lead to explosion of Mining Industry. Thats a good corporate mind north of the capital is a typical example even before the mine began opera
Sonali welcome to bloomberg markets. Lets look at the markets quickly. We have a lot of red on the screen. We have the s p 500 now down about one half of 1 . The nasdaq 100 is seeing bigger can kleins. The russell 2000 even more than that. Its now down about 1. 5 on the day, quickening its losses and thats on the back of higher yields. The twoyear yield just flying higher. Its above 4. 67 on the day. Thats a three basis point move. You have to remember how far weve come. We will dive into the Economic Data we had this morning that is driving the yields higher. Michael mckee joins us now to bring us up mike mike to date. This is a nerd indicator. Business inventories are just out at the moment. Its not a really good number. 0. 0 after a 0. 3 increase the month before. That is down from 0. 4 . It suggests the u. S. Is not building inventories as much as people might have thought. There was a feeling that because gdp has shown inventories declining for the last months that we would see fa
From new york. Today on the program, the knesset votes to take away a key power of the Supreme Court. And as Benjamin Netanyahu urges calm, the nations Political Center and left erupt in anger. Ill talk to the New York Times tom friedman and with Emily Bazelon about the legal issues. Then, the secretary of Homeland Security Alejandro Mayorkas on the good news and the bad news from americas Southern Border. Finally, did President Putin or gain power after prigozhins failed mutiny . Ill ask russian journalist in exile mikhail zygar. But first, here is my take. The Mystery Disappearance of chinas Foreign Minister is a timely reminder that the future of u. S. China relations about be determined not just by american policy, and what is happening domestically in the United States, such as the president ial election campaign, it will also be shaped by developments in china. Which at this point are opaque but troubling. From what outsiders could tell, china is reverting to a mild era style of