10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action when needed. No specifics on that, but they are pledging action as needed. We will bring you anything, any information as they come out. They said the dollar move to combat is there. This is governor bailey. Time now for global exchange, where we bring you todays market moving news from all around the world. From new york to washington, brussels and beijing come our bloomberg voices are on the ground with all of this mornings top stories. The Federal Reserve swept into action yesterday, cutting it
We have had six weeks of gains free u. S. And european equities. The longest run of gains like that in two years. The s p 500 hit another record on friday and we look to be on the front foot albeit in a muted fashion today. The seven that cut to day reverse repo rate in china which made the list in particular chinese equities. The 10 year yield dropping last week. We slid down from ed handel we had on november 7 and now back up basis point. What it will take to take us back up to 2 . A crucial few weeks ahead as weve had some positive news on andu. S. China trade talks Boris Johnson said all conservative candidates will back his brexit deal if he wins the december 12 election. Of course his party leading in the polls the moment. Coming up we will speak to u. K. Labour party leader Jeremy Corbyn. Dont miss out at 1 00 p. M. U. K. Time. We begin with evaluation target for aramco with saudi arabia to add as low as 1. 6 trillion per thats well below the much touted 2 trillion. It would all
And says it will support a slowing economy. Australia fights bushfires on two coasts as the fans flames are fanned. Hottest days since record began. Shery clicks check foraw the dow gaining. 8 the first time surpassing the 28,000 level as we had a broad risk on session. S p 500 being led higher by health care and trade sensitive tech stocks. More positive trait headlines and that helped boost the stock market. Semi conductors, the Philadelphia Semiconductor index at a record high after Applied Materials came out and boosted sales forecasts. Nasdaq also at a record high come up. 7 . Haven assets broadly falling. 10 year yield rising for the first time last week not to mention that the dollar also saw a weekly loss. We will keep a close eye on what happens in hong kong this morning as we are now Hearing Police are ready to storm into the Polytechnic University in hong kong. Lets see how things are shaping up in asia. Sophie hong kong certainly is a focal point this monday morning. We are
Whether or not this deal is good for American Security is not one of those calls. It is not even close. Without this deal, the scenarios that critics warn about happening in 15 years could happen six months from now. By killing this deal, congress would not merely pave irans path towards a bomb, it would accelerate it. What is more likely to happen if congress were to reject this deal is that iran would end up with some form of sanctions relief without having to accept any of the constraints or inspections required by this deal. So in that sense, the critics are right. Walk away from this agreement and you will get a better deal for iran. Lets not mince words. The choice we face is ultimately between diplomacy or some form of war. Maybe not tomorrow, maybe not three months from now, but soon. John f. Kennedy cautioned here more than 50 years ago at this university that the pursuit of peace is not as dramatic as the pursuit of war. But, it is so very important. It is surely the pursuit
Jon stewart of an appreciation of what he has done in 16 years we talk to Dan Pfeiffer Ken auletta dave itzkoff Brooke Gladstone an bill charter. He embodies two things that happened over the past 16 years the first is the digitallization of the news because jon stewarts influence was not just what people saw, if they were watching Comedy Central at night it was in the clips that were shared on facebook and twitter, the various things he would do. And also he came of age at he exact time when our politics in the media were getting incredibly absurd and he pointed that out in a way no one else would which is why so many people particularly the young people who were an important part of obamas coalition watched. Rose the president makes a case for the iran deal and a group of media observers make the case for the impact of jon stewart. When we continue. Funding for rose funding for charlie rose has been provided by rose additional funding provided by and by bloomberg, a provider of multi