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Good morning, everyone, and welcome to bloomberg surveillance. Inm Francine Lacqua here london. Happy thursday. Lets check in on the markets. A lot of focus about the turkish keene is alsom all over. He is really on what could happen in the near term. Apart from the turkish lira, there is quite of lot going on, and stocks are dropping in much of the world after the fed signaled continued concern on the pandemic, and that is weighing on the worlds biggest economy as well as treasuries advancing. The other thing i am watching out for is daughter holding, gold edging higher, and then we not need to talk about wheel, declining from a high after the fed and opec both sounding cautious we need to talk about oil. And lets get to the bloomberg first word news. We start with china, which says it is planning to hold talks after last weeks talks were canceled by donald trump. This is six months after the pack. The russian opposition leader, ....
White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for tho ....
Objects in order to situate the human away from peoples vulnerability my father had alzheimers before he died. And i didnt find it funny every. Morning welcome to the Program Saturday 7th of december here in moscow is kevin owen delightedly choosing us for your news update the 1st member of the saudi air forces fatally shot 3 people and wounded 8 others at a u. S. Naval base in the state of florida the f. B. I. Has taken over the investigation now they believe to be looking into whether or not the instance terror related unconfirmed reports suggest at this time the perpetrator published an anti american manifesto prior to the attack Donald Trumps already spoken about it he says hes spoken to the saudi Monarch Direct about what happened. King solomon of saudi arabia just called to express our sincere condolences and give ....
China trade conflict donald trump placed the company on a blacklist in may which restricted access to u. S. Technology and to the american market. While way did not reveal what impact this band had on its bottom line. Kernan is following this story for us as we heard there while he was blacklisted until may so how telling are these as well i think theyre quite surprising given that we were expecting them to be a lot worse and the head of huawei the founder of himself warned it could hit 25. 00 make a 25000000000. 00 hole in the figures i think its yes we have weve had a few months before the before the blacklist came in on t. V. They did very well but its also signs that consumers kind of rallied around particularly in the home market rise and they and they really started buying weiwei phones talking about the domestic market is while way winning because its been managing to even market its own phones as the back and forwards on that black list and the phones that some consumers around ....
Shoppers pile in. And with the chinese yuan and how it deepens trade. We will talk about all of it with you. I am still with mike cohost guy johnson. Walmart said that they were going to hold up no matter what they do and they say invest in your face. Skin care is the key. Guy i did hear that. Alix skin care the trade. Guy my skincare is the best future alix invest in your face. Guy and with walmart which is what you were posing a moment ago, walmart is a good dues good news bad news story. It is good news for walmart bad news for everybody else. I think this is a good news is bad news story. It is bad for other retailers and people get sucked into more good it tells you a lot about consumers that are trading down and what is happening with the economy. It is a good news bad news story. Alix and you have a high end and the low end, the will hold up. It looks like the consumer will be binary. Guy the consumer is totally binary. I think that is the story. That is interesting look at the ....