For the president , it was very important to get a win. Juliette the boe stays cautious as the brexit outlook remains uncertain. If you look at the details and negotiations, there is still such a long way to go. Juliette plus, a special bloomberg series highlights Climate Change with expert insight and analysis from every angle. The average global temperature is going to go up a lot. We have to fight Global Warming and have intelligent Climate Change policy. Policy shifts being made are creating new markets. Juliette it is all straight ahead on bloomberg best. Hello and welcome. I am juliette saly. This is bloomberg best, your weekly review of the most important Business News, and interviews from Bloomberg Television around the world. Lets start with a look at the headlines. The week began with a geopolitical shock that jolted Global Oil Markets while raising tensions across the middle east and beyond. Saudi Aramco Oil Facilities hit by an attack over the weekend. Strikes have cut saud
Juliette the u. S. Announces a trade deal with japan. The boe stays cautious as the brexit outlook remains uncertain. There is such a long way to go. Juliette plus a special bloomberg series highlights Climate Change. The average global temperature is going to go up a lot. Take globalo warming, have intensive Climate Change policy. Policy shifts being made are creating new markets. Juliette it is also ahead on bloomberg best. Straightahead on bloomberg best. Juliette hello and welcome. This is bloomberg best. Your review of the most Important News and analysis from around the world. Thes start with a look at headlines. The week began with a geopolitical shock that jolted oil markets while raising tensions in the middle east and beyond. Saudi aramco, Oil Facilities hit by an airstrike. They have cut saudi arabias will production in half. It hit the worlds biggest will production facility. Rebels in yemen claimed credit for the attack. The u. S. Is blaming iran directly. What we are hear
Shery take a look at how markets are trading at the moment. We saw u. S. Futures unchanged but the s p 500 gaining. 25 in this session. We had seen u. S. Stocks drifting throughout the session. Saw gains toward the end of the session. Not to mention that Energy Stocks were the biggest losers at the end of the session. Wti coming back under pressure again, down. 7 , and below that 60 a barrel level. We had banks also underperforming the broader markets. We saw the 10year yield pull lower toward 1. 8 . This, of course, ahead of the fed Rate Decision, and the fed Rate Decision coming out a time when we are seeing some turmoil in money markets. Take a look at this chart on the bloomberg showing you how the repo rate surged as much as 10 at one point. That took the red funds effective rate to 2. 25 the fed funds effective rate to 2. 25 . This coming at a time when we have seen wall street struggling to absorb that extra treasury debt coming on the market because of this increasing budget de
Official think lowering to a negative rate will not provoke a backlash. Attention on the trade war. The deficit seen widening last month. Lets get a quick check of asian futures right now. In japan we got the nikkei futures pointing modestly higher. A similar story and south korea. While here in australia we have got futures pointing higher. New zealand been trading for an hour now. Not a great deal of action to report. Paul shery ahn u. S. Futures not doing much of the moment. After stocks drifted throughout the session, and then we had a slight uptick for the s p 500 to gain. 3 . We have consumer shares rounding and Energy Stocks were some of the big losers. Losing a lot of ground after that huge surge we saw a 15 for crude monday and continuing to fall below 60 a barrel. We also have banks underperforming. Ahead of thatll fed Rate Decision on. Wednesday ahead of that, we are now seeing the money markets and turmoil. Take a look at this chart on the bloomberg. We saw the rates surge
Demand look like . We discussed that with the ceo. Im katie greifeld, in new york. Welcome to bloomberg markets. Its not exactly the big riproaring rally that we saw last week at the end of the week, but take a look at the s p 500 and its green right now, currently up. 3 . The nasdaq 100 with mild gains, i would call them, up. 2 percent. A different story if you take a look at the Philadelphia Semiconductor index, up. 4 . In video this morning is down, so maybe that is weighing on the broader index right now, and we will of course get into some Semiconductor Earnings this week. Before we get there, lets start with tesla. Its going heiner higher after elon musk paid a trip to china. Receiving tentative clearance for Driver Assistance Software in the worlds biggest auto market. Crank joins us now with the details. How much work is tentative doing in that sentence for approval . We know that there are some conditions that tesla is going to need to meet to bring this to market and that the