I think it is needed for the current condition of the market. Nejra and burning the midnight oil. European leaders pull another allnighter in the search for the next European Commission president. We are live in brussels. Manus a warm welcome to daybreak europe. Oil is higher this morning, brent is up by 1. 5 . There is word on the street below me about certainty, about a surety. Those are the words from the secretarygeneral. The consensus is building. Termsonths is offered in of an extension to the opec cuts. Putined bin salman and agreed this before the delegates arrived. Nejra, good morning. It is a gorgeous day. We will be chasing ministers, we will find out what a ninemonth extension for the current cuts could do for the market with trump and xi talking to one another. Nejra absolutely, and that is the key link. Good morning to you. Because we got that agreement that could be rubberstamped at the opec plus meeting over the g20 weekend. It is interesting how important the g20 has b
harder. he testified in congress this week that she will testify in congress this week. he will testify in congress this week. manus: it is daybreak europe, as the world begins to grapple with warnings on supplies from the world health organization. to me, it is about the response organism. mohamed el-erian warns about the potential of a u-shaped recovery. offering nearly $4 billion in liquidity relief. that pushes back against the risk of any counterparty restriction as we saw back in the financial crisis that 2008.an refers to of nejra: but you do wonder how much of that report from the boc , if it will have a big impact. when the banking sector in china looks so different to during the crisis.l also, express are grappling with finding high-frequency indicators to see how the virus will play out and the impact it will have on the global economy, if we get a u-shaped or l- shaped, rather than a recovery. manus: it is headland of to headline. the aussie dollar jumps fro
Conversation on top headlines. Heres Brendan Greeley. Brendan china is stepping up its verbal support for the yuan stemming the currencys worst fall into decades. The Central Bank Held a rare press briefing today. Officials said theres a reason for the depreciation to persist. Plus the bank said it will take action when there is excessive volatility. Concerns a good cause instability in china. There is a surprise from greece this morning, the government says the economy unexpectedly in the Second Quarter. Economists forecasted it would shrink. The economy have been crippled by months of haggling over the bailout. The greek armament is preparing to vote on the new bailout package. New spending cuts and tech hikes tax hikes. The rest of the euro has devote. Former president jimmy carter undergoing treatment for cancer. Mr. Carters of the cancer was discovered during liver surgery and is in multiple locations. He is 90 years old. He says he will release more information as soon as next we
Homage to former president fidel castro. House says president obama and Vice President joe biden will not attend the funeral. Journalists in more than 100 countries, i am Courtney Collins. This is bloomberg. Emily i am emily chang, and this is bloomberg technology. Cyber monday. Threatening the oneday shopping reign, andyear donald trump refuses to quit tweeting, and female coders. Even though there is unprecedented growth, there is still not enough to fill jobs, and sounding the alarm under president elect trump, but first, to our lead. Cyber monday, Online Shopping a onedaye idea of Online Shopping extravaganza is fading, because more u. S. Consumers are choosing to skip the doorbusters and shop anywhere they want, but this was the first day of retail history with more than 1 billion in revenue, a 33 jump from the year before. That has led some to say that this was the moment when shopping on a smart phone officially went mainstream. Our bloomberg contributing editor and a director o
The next half hour i made a whiny political scandal and the Approval Rating and she has been the hues of peddling influence and a loving of business ally into business analytes. Business failures well address it. Global news 24 hours a day powered by 120 countries. His is bloomberg. E have afternoon training a quarter of 1 as well. Bloomberg. You are watching bloomberg technology. Its get a check on bloomberg first were news. Donald trump met with david betray us. His name has been floated as an alternative terse for the position on the wake up ask about mittcern romney. He spoke briefly with reporters and the decision by the next president is very much in the air. Lost us other on the about mitt role and show the variety of challenges and the opportunities as well so it was a good conversation. Trump in michigan by fewer than 11,000 votes. Nearly three weeks after the election and the percentage point margin was the closest president ial race in michigan and more than 75 years. And th