Mistakes on the grounded. Slashed. Where will the s p trade . We will have the latest. Been told 3 higher, you would have laughed. What is bizarre is the trajectory of the Economic Data and the u. S. China trade talks. It is 9 00 a. M. Across the the trajectory of earnings has gone according to plan. Emirates, 1 00 p. M. In hong either something massive is missing, and i have yet to find but i think this kong. I am tracy alloway, this is bloomberg daybreak middle east. Manus i am manus cranny. Week will be the moment where if we cannot identify what we are missing, the bears must capitulate because we have catalysts lined up. This is where wall street meets politics meets investment. There is the jobs data friday, somewhat say the big opportunities. Still companies some would say the big opportunities. To report earnings. Tracy you write on the mliv in politics, we have steve mnuchin, jared kushner, and a blog that this is crunch week for the bears. Man close to politics and talk to us
Controversy, but mark said we believe in Free Expression. We believe in political speech, and ads can be an important part of that. Manus the saudi Energy Manager says mohammad bin salman will determine the timing of aramcos ipo, saying it will be soon at the right time. Yousef it is 9 00 a. M. In the emirates. This is bloomberg daybreak asia least. Im yousef gamal eldin. Manus im manus cranny. The bond market, hoping there will be another rate cut in 2020. December might be a debate. Found by seven basis points yesterday, back at 7. 18 . U. S. Treasuries are a must buy. There is risk to the upside. 2 by the end of the year, it is said. Equity futures taking a little higher in the last hour or so on additional traction on the trade front but now the s p 500 is trading 20 times earnings. Some fanfare around Apple Earnings but caution this rally have beenar and they cutting back on their estimates in terms of what to expect in the coming quarters and you could be seen your end around 300
Manus a warm welcome to daybreak europe live from dubai and london. The question is who will plug the gap of the saudi aramco outage . A couple oft million back online in the next couple of days. Come is the extra going to from and how quickly will it hit the market . Nejra from the saudi reserves . Will the spr be enough . We dont have an update. The key question is still out there. Looking ahead to the fed, how might it take this . How will it fit into the Risk Management . Manus markets looking for another 50 basis points. Spike risk of an oil going to counteract the strengths of the consumer . E a quick sweep to the through the market. Have brent over two days what you are seeing this morning is more relevant, the drop of a 1 . The market is hoping the special reserves will be released. And the Oil Producers will come together online and plug the gap. Of is concerned. The policies the aussies are keeping the dream alive. The rba keeping the door open to lower rates. In termsbout sh
Approach with Jeanclaude Juncker. We are in luxembourg. Manus a warm welcome to daybreak europe. We are waking up to 5 Million Barrels of oil being taken out of the system by saudi aramco. Is it a fourweek affair . How much of the 20 price rise that we saw at the open is geopolitics and how much of it is supply . Good morning. Nejra yes, the biggest sudden disruption ever is what we have been waking up to this weekend. We have certainly been mispricing oil markets up until now. We have indeed. Let me show you the single biggest daily move. I put it in the library. Here we go. This is the kind of size and scope move we have seen on the oil market. We opened up on the biggest move since 1988. Since 1990iggest when kuwait and iraq were at war. The question we must ask ourselves is how quickly can aramco get this oil back online . You need to speak to the market and make it very clear what is the damage, what is the damage limitation. Lets look at the rest of the implications. We are seein
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