Good morning, everybody. Lets show you what has happened overnight. Lets start with the asian equity session. We have been in and out of positive territory in the asian equity session. Here is the msci asia pacific, vaguely in positive territory. China is still up for the lunar new year. Year. For the lunar new the u. S. Treasury coming forward with those numbers. We hit 2. 26 , which was the highest since 2008. Thosein yields getting to those yields getting to those levels that we have not seen since 2008. It continues to raise questions as to whether International Buyers will continue to be tempted in as rates go higher. How much does what is going on in this market we can that Investment Case for Holding Equities broadly . Big moves in the oil market. We saw the price of oil hitting eight two week high in yesterdays session hit a twoweek high in yesterdays session in new york. Mv with stakesot o in the north sea. Is 267 Million Euros 367 Million Euros. The fema coming through from t
Straight tos get stories, these arrests in saudi arabia. What we have his shocking news out of the kingdom. Chart 9472,off with stories not situation normal. Profilest of high individuals. Of. 3 . Gain the chart showing the situation allnything but normal below coverages. Kingdom holdings is the company who wasg to the prince taken into custody. He is the worlds 50th richest man. That stock was down as much as 8 . People looking very closely at the situation there. We will continue looking closely and the implications or investors as we look ahead to this aramco listing. One of our analysts that we spoke to pointing out the domestic perception of what this is is different to the international reactions. We will big deeper into that story. The markets are waking up to a brandnew week. Some pentup demand having been away on friday. Sophie after that three day weekend, japanese stocks mixed to start for the region after u. S. Stocks capped the longest streak of gains since 2013. Earnings
Good morning. We are meeting today to consider the nomination of mr. Wilbur ross to be the next secretary of commerce. If confirmed mr. Ross would bring decades of business and entrepreneurial experience to this position best known for revitalizes distressed businesses such as those in the United States Steel Industry. At a time most inventors aban n abandoned the industry, investors abandoned the industry he organized the International Steel group in 2002 through acquisitions of the largest Steel Company in north america, later it merged to form the largest Steel Company in the world. Mr. Ross strong record of achievement led Bloomberg Business week to name him as one of the 50 most influential people in Global Finance in 2011. Its also why he is the only person elected to both the Turnaround Management hall of f. A. M. E. And private equity hall of fame. Mr. Rosss business is complemented by a service 0 the communi community. Mr. Ross served as First Lieutenant of the u. S. Army and
50,000 passports of the they have fired or suspended soldiers, bureaucrats and academics. Powered by more than 2,600 nalysts. Emily this is bloomberg west. Coming up, amazon and facebook neck and neck with berkshire hath away. Well bring you all the latest numbers. One more tech i. P. O. For the books. We sit down with a Data Tech Company after shares topped at 45 out of the gate. And will Russian Hackers help donald trump get hold of Hillary Clintons missing emails and cyberhe comments mean for espionage. And amazon and facebook moving into the Top Five Companies with the largest market cap. Exxonmobil was at the top. Apple, amazon and facebook reported strong quarterly earnings. We have chief analyst with us and our stock market reporter. Oliver, i know you have been following these companies. When it comes to the stocks, which moves were the most interesting when it comes to the top four Tech Companies . Its tech. We are talking tech and that was an Interesting Development this week
One gigabit is 100 ,000 megabits. Gigabit receives is the new Gold Standard for Broadband Speed and it depends on an infrastructure built with fiberoptic signals as opposed to regular cables. Existing internet providers are not willing to upgrade their system. These socalled incumbent providers, like timewarner, at t and comcast, are explaining their unwillingness to upgrade, 89 cities provide their own Fiber Broadband and about half of them offer gigabit, ultrahigh Speed Internet service. Others are looking to get it. Let me be clear. They are paying for these ultimate tra high Speed Internet services by sms taking this proactive aggressive approach, cities have sparked huge fights with cable and telecom heavy weights and the lawmakers those heavy weights lobby. The industry says it is unfair for them to have to compete against government entities. So companies are pulling out all the stops to prevent cities from going gig on their own. They are suing them and pushed through restricti