Is boom, bust the one business show you cant afford to miss something. I want to fail in washington coming up. More positive news for a little bit of action scene. How did wall street trading about the record on monday will break down where investors are putting their money on the top of a massive trade deal and joining 15. 00, Asian Pacific countries, together with the Worlds Largest economy and lucked out, we have a lot to get. So lets get started. Historic day for modernity as preliminary results show its corona virus vaccine is more than 90 percent effective on monday, medinas early data showed 94. 00 efficacy for its maxine data also showed the drug maker gave 15000 participants a placebo shot out of those 90 people got sick on the other hand, a shot out of those 90 people got sick. On the other hand, another 15000 participants also received the vaccine or actually received the vaccine. Only 5 people got sick and thats where you get that nearly 95 percent efficacy. Those 5 who dev
Ofodollar getting a bit traction. The dollar is going down. This is part and parcel of the yellen trade, which seems to be getting reaction now. It will be interesting to see how she works handinhand with the fed chair. Minutes,e last few crude went through 45. This is wti. We are backing off the little bit, but that line in the sand is the highest level we have seen since march 6, which gives you an idea of the turnaround we are seeing. The big question, is it running too far, too fast . Alix some analysts starting to scratch their heads a little bit, particularly as they look at the curve. President elect joe biden said to announce his selection of former fed chair janet yellen as secretary of the treasury. Joining us as michael mckee, Bloomberg International policy and economic correspondent. What about this appointment is giving confidence to the markets specifically . Theael janet yellen ticks most important box for investors, she makes them money. Take a look at what happened whe
Join me every thursday on the alex salmond show and ill be speaking to the world of politics, sport. Im sure. Ill see you, then this is a boom bust the one business show you cant afford. Something i want to fail in washington coming up more positive news for a cloven vaccine. How did wall street trading above your record on monday, break down where investors are putting their money on the top of a massive trade deal and joined 15. 00 Asian Pacific countries, together with the Worlds Largest economy and lucked out, we have a lot to get killed. So lets get started. Historic day from a dern as preliminary results show its corona virus vaccine is more than 90 percent effective. On monday, medinas early data showed 94. 00 efficacy for its vaccine data also showed the drug maker gave 15000 participants a placebo shot out of those 90 people got sick. On the other hand, another 15000 participants also received the vaccine or actually received the vaccine. Only 5 people got sick and thats where
We are watching the hang seng index. Australias market is only higher by 0. 3 . But we had this news that china will allow australias cargo to come ashore. Lets have a look at stocks. Clearing exchanges in focus. The u. S. Approved legislation that could lead to chinese firms getting kicked off american exchanges. Also getting a call from sidney. Tak is down 1. 4 . ,his big surging iron or holding at a record. In recent weeks, weve seen pickup of state owned enterprise default in china that have jolted the credit markets and rattled investors. One company in the spotlight is ever grand, which has accumulated the biggest debt in global real estate. We are joined by Stephen Engle in hong kong. In ournt to bring distinguished guest, the ceo and cofounder of sc lowy in hong kong. A bank and manager that specializes in distressed and highyield debt. Good to see you. You spoke to bloomberg about a month ago and you did talk about ever grand. We know that they have taken steps to increase or
That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the