Of magnitude being reflected in other Asset Classes area we are seeing some pressure in the apprentice and the british pound. Boris johnson skipped an outdoor conference. Was notrg decided it going to happen and the Prime Minister delivered a press conference with an unmanned podium next to him. Boris johnson was meant to be there but wasnt. The pound down. 7 . Vonnie there is the potential to have market moving ripples. , 61 ait in crude oil barrel. More than 11 . S p 500 dipped below 3000. One third of a percent lower now. Oil companies and American Airlines. The 10 year yield was 185 and not going lower. The dollar is beginning to strengthen. Moving in the direction of not usually amplified by the oil story. Guy the story is the story today. Lets get more insight on the attacks on saudi arabia and where we go from here. Joining us from london is neil brown, and here with me in the studio is the global head of xbox of fx strategy. Would it be possible for the rebels to have launched
The 70s that wiped 2 3 of the value of equities. That was then. Is it now . It is hard to say but early indications no. Whats remarkable here my friends, as we look at these numbers how tame they are, considering what is going on. If this were to have occurred back in the 70s and the Worlds Biggest Oil producer which saudi arabia was at time, so much of its oil sidelined we would be in deep you know what. So far does not appear to be the case. Price Futures Group Senior Analyst phil flynn at the cme. Phil, it is remarkable, you know . It really is and you really got to credit the u. S. Energy industry, donald trump and his Energy Policies allowing u. S. Energy producers to do what they do best, that is producing energy. It raises concerns when you listen to the democratic president ial candidates and their Energy Policies what a different story this might have been if we had a democratic president right now. It could have done a lot more damage to the u. S. Economy because these are ca
Alex field is sitting in a field listening to yoyo ma. That sounds pleasant. The music out of the markets is negative. The stocks are down by 1 today. You are seeing luxury stocks in europe down. It had a good few sessions, so just a bit of position squaring there. Most sectors in europe are down on the day. On the week, we are flat. And around the 460 area, single stocks are interesting. Equity markets are getting a boost today. 81 got wiped out as part of the Credit Suisse deal. Not so happy as the ubs walked away from the guarantee provided by the swiss government and the monetary authorities. British land is an interesting story. Stocked down by 5 . This was removed from the index. The stock is under pressure. A broad narrative today. Some interesting idiosyncratics single stock stories. You dont see as much carnage in the woody market and the equity market. The s p is down only one 10th of 1 . Again, nothing to write home about, but volume is extremely thin. We are operating 40 of
From london, this is about 90 minutes. And on the dot, we are starting this session was the Prime Minister on the last day of the house of commons. Thank you for giving us your time. We will do our utmost to keep the time, as i understand you have urgent appointments immediately following. It does mean that with the number of chairs we have got, we are limited to kind of 5. 5 minutes each, so if the questions are short, i can invite the Prime Minister to keep the answers short. I will start with the chairman on this matter, on this subject of global issues. Thank you. So good to see you. It is appropriate for you to appoint members of the cabinet and house of commons and the house of lock, but there is concern about how elected members of the house of commons can properly scrutinize a state based in the house of locke, and we are talking about growth issues here, so i wonder how you think it might be most appropriate for the house of commons to criticize the work . Thank you. It is com
Starting this session with the Liaison Committee with the Prime Minister on the last day of the house of commons. Thank you for giving us your time. We will do our utmost to keep the time, as i understand you have urgent appointments immediately following. It does mean that with the number of chairs we have got, we are limited to kind of 5. 5 minutes each, so if the questions are short, i can invite the Prime Minister to keep the answers short. It becomes more difficult if the question is not very long. I will start with the chairman on this matter, on this subject of global issues. It is approprio appoint members of the cabinet and house of commons and the house of lock, but there is concern about how elected members of the house of commons can properly scrutinize a state based in the house of locke, and we are talking about growth issues here, so i wonder how you think it might be most appropriate for the house of commons to criticize the work . Thank you. It is common practice to ap