Time now for global exchange, where we bring you todays market was a news from all around the world. From beijing to riyadh, to paris, london, and washington come our bloomberg voices are on the ground with this mornings top stories. We started in riyadh come over saudi arabia released its latest in riyadh, where saudi arabia released its latest budget. Emco has significant value aramco has significant value. We have done everything by the book. We are very pleased with the feedback we are getting from investors initially. We will watch how the market reacts. I am very optimistic because the Company Value is very significant, and we will let the markets cover that value. Eldin, comegamal anchor of bloomberg daybreak middle east, joins us now. Sef Share Trading starts at 10 30 in the morning wednesday, 2 30 in the morning eastern time. I know you are going to stay up for that, alix. 1. 5 of the company is getting floated, which is much smaller than some of the other flirtations that are
Time now for global exchange, where we bring you todays market moving news from all around the world, from hong kong to berlin, dubai, new york, and washington. Our bloomberg forces are on the ground bloomberg voices are on the ground with todays top stories. Boeing and airbus will go dubaiohead at the annual airshow. We will be talking about may be the first next year, possibly even a bit longer. But in the end, i will repeat the question, the only entities which will sanction the flying of these aircraft are the regulators. It is not boeing. Alix for more, our correspondent joins us on the phone. Walk us through some of the big take away from the dubai airshow and some of the surprises. Reporter thank you. A maxlly, boeing secured , the biggest order after a drop. Version ofse, the the max has been [indiscernible] 8 secured the 737 max from a supplies only character in the uae. [indiscernible] airline, ofsister emirates airline, which makes it the second largest customer for the 737
Yesterday, a headline said china planning to surprise trump and negotiators with a last minute plan for phase one to remove september tariffs this has never been talked about. Delaying future tariffs was the most we were going to agree on trump was getting traction because of the bite. This has never been on the table. China will get it done then i read it today it said these are now part of the negotiation. The way it was cast is that it was almost like an appeasement or throwing in the hand. Is it negotiations or are we backing down the deal is likely to get done each side wants to say we got what we wanted now, if that happens, the markets will be like that. Thats the big question, does the market care if it comes without any teeth. Do they just want a truce and no more ramped up sort. For phase one, do they want to give up what they were working to force them out of the table. I think what the market is really looking foreGoing Forward is if you are going to continue conversations.
Deeper back. The ford picture is weaker investors shaking that off a lot of interesting news over earnings from the fierce tie up from Fiat Chrysler speaking of autos. Right at the bottom. The auto basket of stocks, a fairly significant day right at the bottom is peugeot riv riv rival renault stepping up as well down 1. 1 . Significant heavy weight in the basket banks down a frangs. We had been talking about a couple of Bank Earnings. Retail stocks. Trying to stay positive. Industrials up a quarter of one percent. The cancel of that apec meeting in chile chemicals up a third of a percent. Utilities trading higher in the technology basket you can see them trading gains suppliers in europe will react to some of those numbers around iphone and wearable sales. Financials out based by utilities. Fairly decent gains. On the day that was meant to deliver brexit we have the uk stock market trading down a forecast 7,313. Across the rest of the markets, a pop for halloween in the french market,
Yep, 1997 because the s p is having its best start to a year since then that song youre hearing, you fast money fans out there, this is not one of our traders losing a fast pitch. Thats unbreak my heart which was topping the charts in 1997 in the box office a little movie called titanic was smashing records. Here is the question heading into the Fourth Quarter. Will it be a smooth sailing for stocks or like the titanic is the market headed for a giant iceberg . Guy adami. Well done. Iceberg or smooth sailing choose your own adventure. I watched the titanic movie when it came out it was a good movie. It was very realistic. You felt like you were on the boat the thing about icebergs, just to get some science here. I was waiting for that. You only see this much of the iceberg they should have a saying like that. Below water. Below the water so the market has done an incredible job of navigating through what have been numerous icebergs this year its weaving its way through the people stand