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Find a bid. We wait for more gloomy Economic Data at 8 30. Time now for our market moving news from our new york team. We are going to start with oil. The iea says the outlook for oil demand has improved somewhat, yet it sees crude production on track for historic decline this month, at the lowest level in nine months. Annmarie hordern joined me now for more. Annmarie this report is still bleak, but slowly but surely improving. They had to say is that outlook for the oil markets are improving somewhat. Amanda little stronger than what they were expecting, but really, the big take away from this report demand a little bit stronger than what they were expecting, but really, the big take away is that this month is on track for historic decline, the most in nine years. This week alone, we saw the kingdom, the uae, and kuwait deepen cuts for june. The same time, the iea is looking at producers outside the group like the united eights th ....
Crown the world from all around the world. Our bloomberg voices are on the ground with all this mornings top stories. We begin in china, where the government signals a cash injection is on the way to ensure a strong start in 2020. At a meeting in china, the premier said the resiliency is continuing. The chinese economy is resilient. The Chinese Market is huge. We are determined to open up further. We will reach a winwin relationship with other countries, especially with our neighbors. Alix joining me on the phone is sharon chen, the beijing bureau chief. What have we learned from his speech . Give us a backup of the bilateral meeting. Sharon it basically signaled there are going to be product cuts with the amount of cash the banks have to keep as a reserve. Lending to the private sector is a huge part of the economy that china needs to shore up. It accounts for nine out of 10 jobs every year, and it comes after china already promi ....
Can see Global Growth fears permeated throughout the market. Time now for Little Exchange to bring you todays market moving news from all around the world. Joining us from hong kong is bloombergs enda curran, from k, and is seb sale bloombergs david wehner is here in new york. We start with the latest trade of element. Soy prices go nowhere even after the Chinese Government gave waivers to buy from u. S. Companies without being hit by retaliatory tariffs. What is the significance . Adds to thek it mood music that both sides are showing a bit of good will to get these talks make some progress. We are talking up to 3 million tons of soybeans that would be three of tariffs for chinese buying from u. S. Sellers. This goes to the heart of Donald Trumps constituency, a ....