, gainingets of today for the first thing and three, on track for the second weekly gain, best run since early november. 136, highest level since june of 2016. Day after the breakfast best run since december. Sterling falling the first three day of this week followed by continued signs of division over brexit, disappoint economic dating and the forecast 135. Rcb markets the most bearish, forecasting 1. 20. Vote, junethe brexit 23 of 2016, sterling finished the day at 1. 4877 and the next day at 136. 79. We are at 136. 87. Lets talk about gold. Longest run of gains and more than a decade, will jan benefiting from the weaker dollar attention to north korea and the middle east with gold futures headed for the fifth consecutive weekly gain and the longest rally permit twice 16, gold is at the highest level since september of last year and lets talk about russia investors had have been piling 122 million into the russia over the last five trading sessions, the longest stretch of inflows sin
Is leaving his post, but says it is for personal reasons. He was confirmed as ambassador to panama in 2015. Turkey is warning its citizens about traveling to the United States in retaliation for a new u. S. Travel advisory that warned americans about terror threats and arbitrary detentions in turkey. The u. S. Travel warning is set to unfairly portray turkey as an unsafe country and did nothing to improve frayed ties between the nato allies. The same Russian Hackers who penetrated the Democratic Party have spent the past few months laying the groundwork for an Espionage Campaign against the u. S. Senate. According to trend micro, which suggests the group is trying to gather the emails of americas political elite. The hackers are looking for confidential information to leak. Global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Scarlet live from bloomberg World Headquarters in new york, im scarlet fu. Joe im
Its time you for your morning reef. President trump will address the World Economic forum in davos. We will bring you that live. We get Growth Numbers for the fourth quarter. We will find out how much the u. S. Durable goods has done. Right now, lets get an update outside the Business World. Good morning. President trump wanted to fire special counsel robert mueller. Among hisd concerns top aides and closest supporters that he would be putting himself in legal jeopardy. The New York Times said he backed off after white House Counsel refused to order and threatened to quit. Calls it fake news. The president will offer a path to citizenship for 1. 8 million undocumented immigrants rot here as children. A return, the president once toy 5 billion trust fund to pay for the border wall. He would restrict family immigration and and the lottery system. The british economy and a challenging year with a pickup in growth. Gdp rose better than expected. 2018, the all of economy grew just 1. 8 . Th
Auction,0 year following a disappointing 10 year auction that occurred yesterday, showing the weakest demand in five months. Not much moving on the 30 year yield, as a result of that auction. Lets see what is going on with stocks. We see the big selloff we have been talking about, with the s p 500 index kind of bouncing around. Here is the major averages. We are seeing the lows of the session here for the majors. A spike in the vix. Volume has also picked up drop the day. We are seeing more tepid selling. Volume accelerated as well. We have now a race to the gains for the year today for all of the major averages. That is something to keep in mind. A more than 8 ng pullback in the s p 500 index. It was a record high for the index. The selloff that occurred has now surpassed 8 . If you were looking at how the day has played out for the s p , the intraday for the index, you can see a picture here. A drop ofinitially the open, but it was fairly modest. It is different from yesterday. Attem
Drawing on the historical special relationship between their countries. I think the feeling is mutual from the standpoint of liking each other a lot. There was a little but of a false rumor out there. I just wanted to correct it. Here with the latest is alex wayne who is over there in davos. Thanks for joining us. Give us your best take based on your reporting of how the trip is going so far for President Trump. He just got here and he has been treated as you would expect the president of the United States to be treated at davos. He flew in with he just got here delegation on for five helicopters. When he came into the Convention Center he was mobbed by participants at the conference by media members. He has been Holding Court for a couple of hours in meeting rooms. Just letting people come to him. Theresa may, benjamin netanyahu. On for abeen going couple of hours. Hes going to do dinner and reception with a bunch of corporate ceos. There are a lot of people here who want to talk to h