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Want to highlight energy. It is at the bottom of the barrel, down 1. 6 . Part of thousand of cyclical trade we saw the beginning of the week on monday. 8 also have oil lower today. I want to stick on oil. Even though it is lower today, it is still up in a massive way on the month. It has gained nearly 80 in may, the best month on record. Supply and demand in the market starts to look more balanced and wti is ending the month around 33 a barrel. David . Waiting to hear from President Trump. We have already heard from jay powell. Earlier today our colleague Michael Mckee sat down in an exclusive interview with Loretta Mester, the cleveland fed president. They talk about euro curve control. Yield is flater at the short end, so maybe with the Forward Guidance it is no ....
Planning to sell bonds and admitting gdp targets this year stemming from uncertainties due to the Global Pandemic. Ourinda lets get to markets, anger markets coanchor Tom Mackenzie in the forbidden city. China dropped its gdp target for the First Time Since 1994. That is significant. Tom it is. Our bloomberg sources expected they would do this, but the economists werent entirely sure. They have dropped the gdp target completely, facing up to the economic reality. This was the result of the coronavirus. You saw First Quarter gdp in china drop. Surveys suggest you will get 1. 8 growth for 2020. They are giving themselves space to react to this virus and put a floor under Growth Without tying themselves in knots ....
Hong kong. , 3. 6 down. Hshares. Eight shares. Indeed, the volatility. 31 spike to the upside. Earlier, the hong kong dollar weakening. It has been right up against the strongest part of that. It went down to the lowest in six weeks. We have come off of that for the time being. Seven hong kong dollars. 75 hong kong cents. Now looking is pretty for the rest of the region as well. It is putting much red across the board. Tie one below its 10 day moving average. Currently down about 2 . The taiwan index is down about one and a half. Losses for the sti. Down about 1. 9 . Singapore grappling with the virus even though there are signs of stability. The city running out of time to hold an election. The benchmark down a tense of 1 . Down 8 10 of 1 . March numbers drink to the lowest mark numbers shrank to the lowest in 10 months. Crude down 2 . 3305. Crude at such levels could raise the possibility that shale producers slowly turn on the taps again. Gold futures getting some upside. 17, 26. Go ....
Of citigroup, although Tobias Levkovich will join us later. On a serious note, things deteriorate in hong kong in the last 24 hours. Francine a lot of the focus is on china. We have the National Peoples congress and the premier talking about targets being abandoned because it is too difficult to predict gdp and they want to create 9 million jobs, less than the 11 million jobs in 2019. We will have to see what happens with hong kong, the lobbying passing through. The u. S. Will weigh in and china is pushing back. I would focus on china all day today. Tom absolutely would. Jon ferro way out front on the tensions of washington and beijing. Here is ritika gupta. Ritika hong kong activists are calling for protests against a new china security role. The National Peoples congress is expected to pass the islation forcing h ....
Responsibly and legally and with integrity the u. K. Prime minister defends his chief advisor was under pressure to resign and the claims he preached locked down. Libyan Authorities Say russian ministries are leaving the battles front line libyan Media Broadcast video reportedly showing foreign fighters who support warlord aletha hafter leaving from an air base have to ask forces have been trying to capture the capital tripoli for 13 months theyve suffered a string of defeats in recent weeks against the u. N. Backed government supported by fighters from turkey but the mayor of bani walid confirm the russians left in the towns airport in 3 military planes bombed i had is following developments from tripoli. The mayor of benny will lead the city thats south of the city of god who just stated that 3 flights left from but he will lead the airport loaded with it the russian merc ....