This as crude is also getting a lift. We were talking about the deal between the opec members cutting back supply. Take a look at the high yield etf, this as the fed says they will support the fallen angel market, those credits downgraded on march 22 from bbb to bb. Take a look at this curve. Yields on the front end falling after thesis points fed said that they would expand their facility program, buying shortterm notes from issuers as they engage in some deficit financing. I want to bring in our next guest. He has been talking about bears in hibernation as the fed is trying to increase that 2. 3 trillion stimulus program. Some of the small and midsized businesses. Some of the jobs numbers this morning. We got reaction from fed chair jay powell. He spoke earlier. Take a listen. We are deploying these lending powers to an unprecedented level, backed by the congress and treasury. We will continue to use these powers forcefully and aggressively until we are confident we are solidly on th
All passed, deutsche the only surprise. New problems for boeing. A new fault is found on the 737 max 8. An issue said to be on other claims of the fleet. Shery todays big story, betweens meeting President Trump and xi jinping will happen without preconditions. Yvonne man is in osaka. It seems everything is on the negotiating table, but everyone we speak to dont have high hopes of a breakthrough. Yvonne some are saying this is of what was said, a ande truce between japan china. A lot of doubts that perhaps things could be status quo. The wall street journal yesterday reporting china is demanding that the u. S. Lift its export ban on huawei to reach an agreement. That could be hanging over these negotiations saturday as well. Before the big meet between xi and trump, a lot going on in the first day of the g20. You showed pictures of Angela Merkel just arriving, Vladimir Putin expected to come down as well. There are questions about the bilaterals today, the key one is President Trump and
News the licences will help britain meet its net zero pledge. Were announcing these new licences in the north sea with more to come , which will ensure more to come, which will ensure our Energy Security moving forward. It means well be less reliant on hostile foreign actors for our energy baseload, for the fossil fuels that were going to be relying on. For some years come, which will mean years to come, which will mean that will be reducing our c02 that we will be reducing our c02 emissions not importing those emissions by not importing those fossil fuels. But the announcement on future and further Carbon Capture and storage projects means that well be taking that Carbon Dioxide of atmosphere dioxide out of the atmosphere and it onto the north and storing it onto the north sea, means that getting to sea, which means that getting to net zero will be more achievable i k m an k man has been a british man has been released from prison in cyprus after sentenced for the after being sentence
Seeing the impact across asian fx as well with that weakness in the dollar. The aussie dollar holding steady. We are seeing brent crude trading a little bit higher. When it comes to oil, we are continuing to really monitor what we are seeing with that demandside concern. Saudi arabia jacking up their prices, pushing a little bit of upside momentum there. That was the biggest weekly drop for crude since february so still pretty shaky when it comes to the demand side of that equation. Annabelle that is right and its going to be quite an interesting session as well. We got a number of markets that are shut so far. There is japan, korea, and thailand in focus as well so perhaps when they do come back online, you will see the ketchup trade given the big runup we had in u. S. Equities on friday. The s p 500 gaining more than 1. 2 and as you said, it was that collective sigh of relief perhaps that the fed could have reason to cut sooner rather than later. Talk about last week, we had the pros
After 2016s foreign takeover spree. We have the world covered on daybreak asia. We go to watch the developments out of beijing as chinese mostators watch the prolific overseas dealmakers. And we are watching the e. U. Summit in brussels throughout the morning through this is daybreak asia, coming to you sive from bloomberg asian headquarters. I am yvonne man. Betty is that the wharton global conference. A very busy friday and a happy one as well. Yvonne we are marking the oneyear anniversary of brexit. We have the stress test, keeping an eye out on china as well. First it was anbang, but regulators could be targeting other companies. A lot of big guests on our show with betty. Starting this hour, Geoffrey Garrett in 40 minutes time. On Bloomberg Markets, betty will be speaking to the incoming chief executive of hong kong. Her as have to talk to we start next week, marking the anniversary of the handover. You do not want to miss bettys chat with tom friedman at 10 40 a. M. Hongyou do no