Night, caterpillar warning this morning. Money moving into the bond market. Yields lower by about two basis points. Time now for global exchange. And london to you new york washington, our bloomberg voices are on the ground with this mornings top stories. U. K. Prime minister Boris Johnson will Face Parliament after lawmakers blocked his plan to rush the deal into law. We now face further uncertainty, and the e. U. Must now make up their minds over how to answer parliaments request for a delay. Alix European Council president donald tusk earlier signaled that the eu was likely to do. In order to avoid a theeal brexit, i recommend eu 27 except the u. K. Request for an extension. For this i will propose a written procedure. Anna edwards is in westminster. Anna the Prime Minister is concerned. There are two paths that could lie ahead. One of them is to change the type of the existing agreement billed to give it another chance in parliament, to see if it can get support after its got more
Just get an idea what of idea of what is going on. Corporate earnings flow in. That is the main story right now. We see barclays out with numbers today. We seen a number of companies out the numbers today. Overall indices are not going anywhere in a hurry. Stick a look at where we sit with the major markets. 0. 2 , justown by backing off the 400 level. The pound down a little bit. Ruble saw a 50 basis point cut from the russian central bank. The governor delivering a little bit of a surprise on that point. Whats happening with the major e . Rkets in the states, romain the s p relatively directionless. A lot of mixed earnings here. , athe s p 500, your leaders maker of medical devices, Companies Like mohawk. You are getting a little bit of a boost in the Philadelphia Semiconductor index with names like intel, which surprised a lot of folks, making that transition away from pc chips into data centers. Really surprising people. This has turned out so far to be one of the right spots in th
Of the office, saying they are making headway on areas and are close to finalizing some sections of the deal. If you remember back to the announcement a few weeks ago by the president when he had him in the oval office, they made the point that they still need to hash out details and get it in writing. Sounds like they are getting their. David who are the good cops and the bad cops . Yesterday we heard from mike pence. He seemed the bad cop. The nba and hong kong and things like that. Beijing said, you have problems in your own country. Now we have bob lighthizer, usually a hardnosed, and he is making the nice noises. Who is good and bad depends on what line you look at it through. I will stay away from that one. The trade relationship is one of the few that seems to be working now between u. S. And china. Broadly, the relationship seems to be deteriorating. Tough language from mike pence yesterday. President trump clearly wants this deal. One of the questions to look for is what comes
Technology. This will only happen if the world hangs together and ofperates to create a sort and in the wake of that, a growing trading system. So, we need whether you call it multilateral is him or not, we need cooperation to maintain that, cooperation on the big global issues of dealing with climate change, someday dealing with what happens with the adoption of new technology that could be disruptive. We need a kind of cooperation that is sustained. We will have to leave it there. David lipton, thank you very much. The First International director of the monetary fund. Getting morell be Imf World Bank interviews over the next two days from francine and tom. A massive old in Oil Inventory through the week of october 11 has wti falling, down half of 1 now per barrel. We have a 9. 3 million build. The market was anticipating a 2. 5 million build. Gasoline inventory saw a drawdown more than anticipated with refinery use down by 2. 6 , of the mediocre gains that we had been making this we
The u. K. And the European Union over what the backstop would mean for the relationship between ireland and Northern Ireland. What it does instead is replaces it allows the u. K. To leave the european customs union, but there would still be some checks. Between Great Britain and Northern Ireland. That is the major difference. It does also give the Northern Ireland assembly the opportunity to vote on those age thoseements on arrangements every four years. The Unionist Party in Northern Ireland says they do not back this new deal negotiated by Boris Johnson. The question is now can he get approval out of parliament on saturday. Are these changes enough to get the approval of parliament and how critical is the dup to getting the approval . Emma that is the big question. All of the action moving back to. He u. K. On saturday parliament will sit for a special saturday session where they will have the opportunity to vote on the deal. The arithmetic is difficult for Boris Johnson. He no longe