Recordtying sixth u. S. All around title if that does not impress you, just think about this, she did a double twisting, double summer salt dismount from a balance beam unreal its monday, august 12th and Worldwide Exchange begins right now. Good morning, good afternoon or good evening and welcome from wherever in the world you may be watching im brian sullivan. Happy monday well, at least for now we are seeing a little of the craziness for the recent market moves take a break to start the week, although li will say this, futures are now down they were down 50 points just about 15 minutes ago then we had the headlines about all flights being cancelled out of hong kongs airport and saw futures take a leg down. We lost 75 points like that. You never know whats going to happen the rest of the day in the bond market, bond yields remaining a little steady. The bond yield still on the ten year very, very low at 1. 685 again, this is what you want to watch, 1. 59, 1. 65, the twoten spread that
Mechanism designed to keep the irish border free of checks. In the meantime british Opposition Leader Jeremy Corbyn says he will do everything he can to prevent the u. K. From leaving the e. U. Without a deal, including calling a noconfidence vote in Prime Minister johnsons government. And, competing in the ensuing general election with a pledge to hold a Second Public vote on brexit. I would agree with president macron, the question of the irish border is fundamentally is fundamental to a lot of things. Process wasproat a step forward. I cannot be negotiated away by anybody else. I think president macron is right to say that they are not going to allow the hard borders to return in ireland. Speaking during a visit to a hill farm, corbin warned of the damage that i know deal brexit could do to jobs and industries, and added the principle is that we will do everything we can to ensure that no deal is taken off the table. South korea will stop exchanging classified intelligence on north
Beijing. Yvonne it seems like the stress of the markets easing off a bit, which is a good sign. It is how you read the sentiment. Is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books . It seems traders are using this opportunity to buy. Betty it seems to be the mantra you keep hearing these days. Adding to the media mentions of buy the dip. These markets have been going up and up it is about time for a correction. It would not be a surprise. He seems to be in that camp, once we see a correction, it is time to buy into these markets. We will see how it plays out. In the meantime, lets get to first word news with courtney collins. Bhp says litigation continues disaster, butg warns insurance will not cover the extent of its liabilities. Andrew mackenzie told investors investigations in the incident that killed people in brazil. There is a degree of urgency in withdrawing from u. S. Shale, and he
Exchange, but regulation of their trip to currency is demanded. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Coming up, we speak to Scott Morrison after the government in australia forecast a never arrower budget deficit. Some headlines out of india, the index down 1 . The indian rupee down. 1 . That would be risk for the reforms the Prime Minister wants. The rest of the picture is largely positive. The handoff from the u. S. At record highs. Midweek boats and the house and ate and plans for folks senate. The new Zealand Dollar is firmer. The metals space, take a look at that, copper leading gains. Other key asset classes, brent crude looking to updates on a pipeline. Not the extent so much, but a possible restart date. Watch out for that. Downdownside pressure,. 1 , 60 doing a historical volatility the low since 2001. A big week in emerging markets with dollar rand on the downside there. Key here is the votes of the ruling party, the leadership votes schedu
Real feel for supply and demand. And president trumps Jerusalem Decision continues to make waves. The United States uses it veto for the first time to block a u. N. Security resolution on the issue. For expansionary budget 2018 for saudi arabia. A boost in spending in almost 300 billion. 2. 7 , gdp to expand to after shrinking by. 5 in the last year. Here is how we covered the story. The chairman of the company, the minister of energy, the ceo and i thinkny, ideo we expect the the ipo will attract people. That tadawul is one option and we are also looking at many s, going through a lot of discussion and assessment. This is not a normal ipo, it is an ipo for the world. We want to make sure that we do not leave any stone unturned, to ensure we are doing what needs to be done to choose the right one. Yousef some additional revenue could be what is happening with what is going on with the governments anticorruption crackdown. Here is what he had to say about that. The attorney general made