Correspondent on, if a char isnt legos, najarian joins us now from there. Funny, theres some uncertainty about the death toll. What else can you tell us . There are conflicting numbers. The states governor is speaking about at least 70 People Killed. And the United Nations reports at least 110 People Killed in this horrendous attack that was carried out suspected by a book or a militants on saturday. Regardless, not just ha ha, of this death toll is obviously one fact is clear that the way this has been carried out carries unfortunately, trademark the hand signature if you will, of the militants that operate in this region, in the north east of nigeria, that could be a book or a Splinter Group of a book or i mean self. Theyre also very active in the neighboring countries income ruined in chad in nigeria. Now the problem that nigeria is facing is a problem that this country is facing for more than a decade. Now. The military here. 2 the oath or it is in this country have not been able t
Reporting doing some on Bloomberg News outside the old nike store. It is a pop up for tiffanys as they blow up their iconic fifth avenue 57th street shop. You wonder what the french will do with tiffanys. Its going to be fascinating. In new york, i know on bond street is a different layout. Icons arese luxury within literally two buildings of each other. It will be fascinating to see where they are after the pandemic. Francine same here, tom. Here it is bond street, and we talk about that segmentation, different jewelry categories for different segments of the population. Always a good it did to buy jewelry. Tom i thought schlumberger a was an oil company. Thats how dumb i was. Francine more luxury throughout the day, and politics. Lets get to first word news with ritika gupta. Zeta hasurricane weakened to a Tropical Storm as it heads through the southeastern u. S. , battering new orleans, left to Million People in the dark, and left President Trump to declare an emergency for mississi
That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
Haidi very good morning. Im haidi stroudwatts in sydney. We are counting down to asias major market open. Shery i am shery ahn. Here is how markets are looking right now. U. S. Futures rising at the open. Stockster we saw u. S. Seeing its worst day in about three weeks. Investors were concerned about the prospects for more government spending. We saw some conflicting reports on whether or not that is coming. The s p 500 lost ground, 1. 6 . All 11 sectors were down, led by energy stocks. It also drags down cyclicals and small caps which managed to stay in positive territory. A bearish reversal from the gains briefly seen around the open. We had record cases in europe, fears of a doubledip recession. Take a look at oil because its also under pressure and headed towards the 40 a barrel level. Oil fell in the regular session as well with warning of an uncertain outlook for oil demand. See how things are shaping up for the asian markets. Here is Sophie Kamaruddin. Sophie this tuesday, you h
H shares in now and hong kong up by. 5 . Pretty marginal gains here in the last half hour or so with it brings us near the top of the 2015 bubble. On the other of the argument hsbc is cutting china to neutral f this rally. Something to keep in mind as we take a breather here from the exuberance weve seen in chinese stocks. One more thing were watching is the hong kong dollar. Now 15. 7 billion hong kong has been injected into the system there. Solid that pair and the renminbi with a six handle for the First Time Since march. The strength of the renminbi certainly helping the equity markets as well. And gold still holding. Some breaking news from sri lanka, the federal bank cutting its lending rate to 5. 5 . Its a big cut, a 100 basis point cut bigger than expected. Economy expanding at a pace of 3. 8 in 2021. Much bigger than anticipated. Lets dig deeper into the ofkets and bring in ahead forpacific thank you joining us. Lets talk about china. Its going gangbusters in the last seven da