A crisis moment for the Global Trading system the World Trade Organizations Appeals Court is on course to collapse after successive u. S. Administrations blocks the appointment of new judges global trade looks set to lose its ultimate empire. The man is not for budging and unless theres an 11th hour breakthrough the face of the World Trade Organizations top of course has been sealed us some bosses are to the w t o denis chase says hell continue to block the appointment of new judges whose job it is to rule on trade disputes here is what that means the applet body is made up of 7 judges 4 whose terms have expired have not been replaced because the United States has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court would no longer be able to function and the director general said that he will be now holding intensive consultations of a political nature or get to his statement in a minute but what he said w
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
Surveillance. I am Francine Lacqua. These are your markets. A lot of these european stocks higher at the opening. Now they are down a touch. Lets call it flat. I am looking at oil. A lot of the picture is contingent surrounding iran so you see a little bit of a lift up for american crude. What is going on with these european markets and you are seeing it reflected in yen. Yen is the one story that is the haven. Any risk attitude is reflected on yen. European stocks, a lot of investors are looking at these amounting into political risks. Ifore getting some figures. The german index, 97. 4. We get up around we get the with hernan a cristerna. Lets get to the bloomberg first word news in new york city. The drumbeat for Federal Reserve rate cut is getting louder. Minneapolis fed president says he called for a reduction at last weeks meeting. These comments reinforcing expectations the central bank is on course to cut rates. Trump says he would be able to demote fed chairman if he wanted to
Change. Clearly it is a popular policy by the public and heading up to the next election it would be a strange decision for the government to row back on anything with public support. Can the government have it both ways, say yes to granting licences for oil and gasp projects but at the same time it commitments to net zero . New licences for the north sea is not a change in Government Policy, we were expecting to see more. The oil and industrys estimates show production will continue to decline in the north sea no matter what the Government Policy is it simply because there is not as much gas and oil as 50 years ago when we started extracting. What is left in the north sea is mostly oil. This is mostly exported, so there is little benefit to our bills from more extraction and in a cost of living crisis bills are a strong priority for the public. It is a strange decision to approve more when it wont help with our bills because they cant move the dial on internationally set prices and it
737 max 9 on friday. in a statement, boeing says it s committed to the highest safety standards and is staying in close contact with the airlines. here s erin delmore with the latest. after a panel blew off a jet operated by alaska airlines mid flight on friday, the faa grounded more than 170 other max 9s. upon inspection, united airlines found problems with more doors, loose bolts on at least five panels in otherjets in that model. the news was reported by the industry publication air current. united said in a statement that the company found incidences that appeared to relate to installation issues in the door plug. for example, bolts that needed additional tightening. that was on saturday when preliminary investigations began. the company also said that, these findings will be remedied by our tech ops team to safely return the aircraft to service. boeing shares fell 8% on monday and the incident returned scrutiny to the company after the 2019 grounding of 737 max jets.