Implications Oil News Today

Talks have been delayed until thursday. Diplomatic and trade tensions between australia and china formed the backdrop as the rba prepares its latest statements. Economists see no change. Shery we will start with breaking news out of south korea. We are getting the final Third Quarter gdp numbers. When it comes to the year on year numbers, a contraction of 1. 1 . This is coming in a little better than expected. The quarter on quarter numbers also rising more than expected, 2. 1 , and beating esti...

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Tiktok launches a legal bid to stop President Trump from imposing a ban in america. He says the app is a threat to National Security and tiktok says the bands peer politics. The president marks the official nomination at the Republican National convention by criticizing mailin voting and saying the opponents his opponents want to steal the election. Shery u. S. Futures are opening flat after solid gains for u. S. Stocks in the new york session. Record highs for the s p and the nasdaq. We had opt...

Good morning, everyone, and welcome to bloomberg surveillance. Inm Francine Lacqua here london. Happy thursday. Lets check in on the markets. A lot of focus about the turkish keene is alsom all over. He is really on what could happen in the near term. Apart from the turkish lira, there is quite of lot going on, and stocks are dropping in much of the world after the fed signaled continued concern on the pandemic, and that is weighing on the worlds biggest economy as well as treasuries advancing. ...

The pandemic Oil Producing countries reach a deal to cut production in an effort to offset the global drop in demand and prices. The u. S. Unemployment rate has soared to 17000000 in the wake of the coronavirus pandemic the countrys economy has been crippled as businesses are forced to shut down in an effort to stop the spread figures released on thursday so 6. 6 millions of americans filed Unemployment Benefits last week alone thats on top of that 10000000 in the 2 weeks before and more than 15...

A look at the week ahead in washington and to do that this week we are joined by Daniel Strauss, a senior political reporter with the guardian and steve dennis, reporter with bloomberg. Now that supplemental is passed, the money is on his way out the door, what tools does congress have left in its toolbox to respond to the coronavirus p what should we look for on that front . Talking aboutre assorted other things to get done. Everything from paid sick leave for workers, a quarter of the workers ...

Ere going to win that election. Mr. Biden for those, those that have been knocked down, counted left behind, this is your campaign the president ial primaries and caucuses continues tuesday idaho, states including mississippi, michigan, north dakota, and washington. 2020 coverageaign of the candidates speeches and onults tuesday evening, live cspan, cspan. Org, or listen from wherever you are on the free cspan radio app. Follow the federal response o the coronavirus at cspan. Org coronavirus. Yo...

The session. S p futures have been fading, but this after what was the second 4 gain in three days. Safe havens have also been big. Dollaryen, the bestperforming currency. At the same time we see a goal above 1600. 10year treasury yeild continue to hover around 1 . According to that millard have signe says that this is a that the safe haven assets he further weakness ahead. If it was up to him he would say sell into the rallies and there is a large chance maybe we will see a returns debtfree cha...

And the corporate impact come up mastercard and United Airlines are the latest companies to warn that sales profits are getting hurt. Manus welcome to daybreak europe. Hedges. To hedge your the defensive positions traders have put on especially in the bond market are already being shaken to the core. The biggest oneday drop since 2016. . Hat is your hedge, and nejra nejra fish you ask yourself what caused this must don . We saw the biggest move down in global stocks, one of the biggest in 10 yea...

Meaning less demand for oil. Meanwhile similar story in bond market, yield on 10year treasury below 4 tenths of a percent overnight. Now we are staying right under and it is down 28 basis points. Again, another indication of a recession at hand. The 30year following 1 for the first time in history. The 30year bond, the yield there at. 883 . Thats down 40 basis points this morning. Global markets reacting to all of this this morning in the stock market. Deep selloff in europe. The cac quarante do...