Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutting back. The actual results come a much less meaningful than
Of hate speech last. Year after rising metro fare sparked a protest Movement People and show they are still waiting for a change. And on pieces to improve the schools Sergio Aguero will face no punishment of the touch of the lines women during a match but well tell you why many fans are still upset by it. Thanks for joining us the latest the time to end fighting between armenia and azerbaijan appears to be faltering just hours after it began both sides are accusing each other of violating a 2nd russian mediated ceasefire in the space of a week it was established a day after the as a result 13 people were killed in a missile attack in the city of ganja more than 700 people are estimated to have died so far in the fighting in the disputed. Region of nagornokarabakh well the remote mountainous area is officially parts of azerbaijan but its been controlled by Ethnic Armenians since the end of a 6 year war in 1994 earned smith is an armenian capital youre yvonne will speak to him in a momen
Demonstrations. And the u. S. Warns of sanctions if a weapon sales go ahead with iran and the United Nations expires. And im peter stammered with your sports matches the city striker Sergio Aguero will face no punishment after touching a lineswoman during a match but well tell you why many fans are still upset by it. So now after months of unrest in a campaign marred by violence voters in getting a costume that ballots to elect the next president Company Leader alpha conde voted in the capital cannot agree on sunday morning hes running against 11 kind of its but his main rival is the former Prime Minister. This is the 3rd match up between the 2 men if you 2 year old conde insists his bid for a 3rd term is legal but the opposition says it violates the constitution. So lets take a look more closely at the 2 main candidates incumbent alpha conde has been in power since 2010 and he leads the rally for the getting in people party conde is backed by his ethnic group and has faced mass protes
Although probeijing officials have said we should not be too concerned, it will lead to stability in the city. 7 . Sci asia pacific down it is certainly something of a riskoff mood, following off what we saw toward the end of play on friday in the u. S. The nikkei is down more than 1 . In the mainland, you have a bit of pressure as well a despite industrial profits up 6 coming in over the weekend for the month of may. On to the next board. We will be looking at the currencies. A bit of dollar weakness. On friday it reached its highest level in four weeks, but it has since come off slightly, leading to a bit of strength for the offshore currency here in china. The korean won is up about plan to 01 . On to some of the commodities we are looking at. Wti has been under pressure as the demand story as we focus on the rate of infections, 10 million infections, 500,000 deaths, you can see that it is lower today. Gold, science that investors are preparing to cross through 1800. 0. 64 . Year yi
Today. And south korea, the Ruling Party Wins the election. Oil sits near an 80 year low amid a record collapsing u. S. Fuel demand. The trump is said to consider paying them to leave oil in the ground. We start this morning with a little bit of shaky ground. A reality check. For me, its about the bond market. You saw that drop in yields yesterday by 13 basis points. Its crazy to hold bonds. I turned to blackrock. I like what rick writer is saying. Basically, we will follow the fed. By bonds, etfs. What caught my eye, blackrock is getting ready to sell Interest Rates long. Nejra very interesting. A lot of people have been saying that in terms of buying what the fed is buying. If we get another initial jobless claims print above 5. 5 million which is the consensus, that would take the gains over four weeks in those initial jobless claims about 20 to you 22 million. One of the eight of the workforce out of work, wiping out the job gains since the last recession. Staggering numbers you ar