Why are rising prices worrying the Iranian Oil Minister . Newseek began with the that 11 princes had been arrested in saudi arabia for staging staging a sit in. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Reaction y gut got reaction and more on the story. We dont know a lot of details about this. What we know from reports, as you said, they are protesting utility bills. What it clearly shows, it shows there is rising discontent within the ruling family after that crackdown. After obvious a, there is grumbling. What happened is that according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. They were there was hard sure treatment. Main, because thats the thing it shows is that there is more discontent within the royal family. Are we going to see more of this . That is a question to follow. There is another story taking place in saudi arabia rig
The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows, it shows there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. There was harsher treatment. The lack of details, the main thing it shows is that there is more discontent within the royal family. Are we going to see more of this . That is a question to follow. Tracy there is another story taking place in saudi arabia right now. The authorities saying they will spend billions to
More than a threeyear high as u. S. Stockpiles plunge. Why are rising prices worrying the Iranian Oil Minister . The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in outside a palace in riyadh. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story from bloomberg managing editor for the middle east. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows it shows that there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. So there was even harsher treatment. But again, because of lack of details, the main thing it shows is that there is more
Lets get to the Global Market picture. Lets look at a start to the year which has been the best start to the s p since 2003. The first nine trading days of the year up 4. 2 on friday the dow was up 0. 9 the other two indices up 0. 7 . Week to date about 1. 5 to 2 of gains. This morning, as you can see, resoundingly positive start in the premarket. Dow up 271 points. The s p up just 14 the nasdaq up 38 very much the dow surging higher this morning tenyear treasury note for you which has been in focus, last week yields rose in lieu of international yields rising at the start of the week, but then gave up some of that gain towards the back half of last week were at 2. 53 we got very close to 2. 6 early part of last week. Look at the mood in asia the nikkei at a fresh 27year high, up 1 in todays trade hang seng closing actually at a record high, 31,904. Stocks there up 1. 8 the shanghai composite up 0. 8 south korea seeing gains of a similar amount the key Economic Data in asia will be chi
This is what i am looking at, the 10 year yield. We are a little bit thin in terms of Economic Data this week, so a lot of focus will be on this mega auction sale. The first one kicks off today. That may actually hurt, or change the 10 year yield. Above 3 . About 3 600 the stoxx 600 basically unchanged. Coming up on bloomberg surveillance. , we talk the business of private jets with start up. We have an exclusive conversation with bp ceo bob dudley. Lets get straight to the bloomberg first word news. Isra the u. K. Government said to have plans to withhold billions of dollars if the eu does not give the u. K. The deal that they want. In a speech later today, brexit secretariat will reassure the European Union will not try to undercut the bloc by tearing up regulations. Signalhas sent a strong about her preferred successor as german chancellor by appointing a close ally. Critics on the right have called for more conservative policies as a way to win back voters. The unexcited move is a