Reporting doing some on Bloomberg News outside the old nike store. It is a pop up for tiffanys as they blow up their iconic fifth avenue 57th street shop. You wonder what the french will do with tiffanys. Its going to be fascinating. In new york, i know on bond street is a different layout. Icons arese luxury within literally two buildings of each other. It will be fascinating to see where they are after the pandemic. Francine same here, tom. Here it is bond street, and we talk about that segmentation, different jewelry categories for different segments of the population. Always a good it did to buy jewelry. Tom i thought schlumberger a was an oil company. Thats how dumb i was. Francine more luxury throughout the day, and politics. Lets get to first word news with ritika gupta. Zeta hasurricane weakened to a Tropical Storm as it heads through the southeastern u. S. , battering new orleans, left to Million People in the dark, and left President Trump to declare an emergency for mississi
Tenyear. It is unchanged, 1. 83 . A point of reference more than anything else. Of positivity with regards to whats happening for sterling. Withabour party coming out drives of its manifesto, some are saying making it relatively unelectable. That would make perhaps a move on brexit, or Boris Johnsons deal on brexit. Stablepretty much against the dollar. That as we get growth details a little bit later. Lets get from whats happening here in new york. We have first word news with su keenan. ,eporter we start in the u. K. Prime minister Boris Johnson aims to win the support of u. K. Business leader today, offering. Ax cuts as an olive branch the december 12 the vote could determine how or even if the u. K. Ultimately leaves the european union. Saudi arabia has agreed to lower its valuation of the energy thet aramco to pare back size of the initial ipo to make sure of its successful about half of what has been considered for the ipo. It is seeking a valuation between 1. 6 trillion dollars
Stronger as well. There was a story this afternoon that the brexit party has decided not to compete in a few more seats. That could help out boris johnson. That is likely to lead to a potential majority for boris johnson, the market is assuming. As a result of which, the pound is going higher. The german tenyear up a little bit today, moving up by a basis point. We are barely moving, to be honest. What we are seeing is a bit of a reversal of what had been a very solid week. Yields have been going down throughout the week when it comes to the bond market. A little caution coming into the trade narrative. Vonnie risk assets rallying. This partially after larry kudlow, white house Economic Advisor, signaled the u. S. And china are booking progress on trade negotiations, saying, we are coming down to the short strokes. We are speaking to them every single day. We are joined by bloomberg trade reporter shawn donnan. Anyone who gets that golf reference realizes the short strokes to the whole
Lower that risk. Stay with us on bbc news. Boris johnson and jeremy lower that risk. Stay with us on bbc news. Borisjohnson and jeremy hunt are the final two in the race to become the next Prime Minister, after michael gove was knocked out of the contest. Time for Asia Business reports, live from singapore. Oil on troubled waters. President trump downplays irans attack on a us drone, as Energy Prices surge. So slack. Shares in the workplace messaging app soil by almost 50 in its stock market debut. Good morning, asia, hello, world. It is a friday, almost the weekend. Glad you could join us for another exciting addition of Asia Business report. Im rico hizon. Lets kick off the programme with oil, after prices spike on the Global Markets after the shooting down yesterday of a military surveillance drone over the strait of hormuz. Speaking in washington, dc, President Trump moved to ease tensions with tehran. I would imagine it was a general or somebody that made a mistake in shooting tha
in the next few hours, after 118 days on strike. the dispute over pay, conditions and the threat of artificial intelligence to performers livelihoods has paralysed production at film studios and streaming services. it comes after the alliance of motion picture and television producers, representing the likes of disney and netflix, made a best and final offer to the union. suranjana tewari in singapore has been following the story. this is a huge for the business of hollywood? this is a huge for the business of hollywood? that s right this is the sag-aftra of hollywood? that s right this is the sag-aftra and - of hollywood? that s right this is the sag-aftra and it - is the sag aftra and it represents a lot of the actors who play the smaller roles, the lower level actors and they have reached a deal with the union that represents big streamers like disney and netflix. as you mention, they were one of two unions to go on strike this year, the others being the writers guild.