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Francine good afternoon if you are watching from asia. This was a couple of days after the news from the saudi attack on the infrastructure of saudi aramco. Bank raised its benchmark rate to 1. 50. They had flagged they would raise rates. Wereeason why people questioning whether they would do it is because the World Economy is more uncertain than a couple of months ago and you see a lot more dovishness from the ecb and the fed. Toit is quite difficult raise Interest Rates in this kind of environment. Eurodollar at 1. 1, and because it has been a very big week in oil, we have a look at the oil price. Norwegian krone on the back of raised, having a significant move to 9. 85. , we speak to the governor of the norwegian central bank. Dont miss that interview just after 10 30 a. M. London time. Lets get straight to bloomberg first word news in your city. New sanctions against iran ....
Out there. Jonathan the president said he is not concerned about the negative reaction for markets. Is that a change in stance from the white house . Kudlow know, as i understand that he is just responding to the media response. A day or two in the stock market doesnt make a trend. Jonathan last week was really confusing. Outrolled out you ruled fx intervention , and then the president said he hadnt ruled it out. Kudlow he said having a strong dollar, theres a reason its so good. Having a strong dollar is having a strong dollar. Having a strong currency shows what an amazing country. I stand by those remarks. I thank him for making them. We havent ruled out any currency intervention. , and theem here president has said many times, it is not that our dollar is strong and reliable and dependable. We love that. Money is coming here from all over the world. We are the hottest economy. Where the only real major country with solid growth and investment returns. The problem here is the presid ....
The euro continuing to go down against the swiss franc, piling pressure once again on thomas yourdon. Vonnie here in the u. S. , we are seeing continuation of that decline in equities, down 1. 3 for the s p 500. The nasdaq 100, on some chipmakers we are looking at almost 2 . The 10 year yield has been on the decline a little bit today as well, now down at 1. 84, despite a jobs report that pretty much would have been very pleasing had we not gotten those tariff tweets yesterday. Of course, larry kudlow saying this morning that we will see what comes out in beijing today. He seems to be hinting something would indeed come out of beijing. That said, the offshore yuan is trading at 6. 9721. Theres a big spread between where the yuan was fixed at today, which is stronger than 6. 90, and where it is trading at offshore now. Crude oil futures recovering just a little bit. A huge decline this week, but backup 2. 7 now. We will see some of the market moves and perhaps productively, they are low ....
Check on markets. Some positivity still feeding through the back of that china data that came in better than expected in terms of the retail sales. S p futures on the front foot, up. 2 . Four days of gains. Closer to above 3000. How much farther does the rally have to go. We look ahead to earnings. The 10year yield is backed up a. 2 curve. Lets get the bloomberg first word news. President donald trump has been accused of racism this after suggesting four female lawmakers to back to their crime invested crime infested places they came from. Of the four women were born in the u. S. And are racial or ethnic my own minorities. The purchase of a Russian Missile defense system. The u. S. Says deploying the missiles jeopardized a fighter jet. The white house as picked a package of sanctions for turkey with an announcement coming soon. Dozens arrested as protests continue in hong kong. This includes clashes with the police in a shopping ....
so let s get down to business and we begin here in the uk where families are brutally exposed to the effects of soaring inflation that s the conclusion of a report out today from the think tank the resolution foundation. it warns the very slow growth in wages since the 2008 financial crash has left families in the uk particularly vulnerable to high energy, food and fuel prices and those most vulnerable are families in rental accomodation, single parents and those with young children. i m joined now anna macdonald, fund manager at amati global investors. what s interesting about this report, we are not surprised to hear families are struggling, especially those in single parent homes, that kind of scenario but what i found interesting was uk households are worse hit than other countries. what does it say? it s an interesting report going back over time, working out that wages have been rising at a slower pace than several other developed economies. and that really go ....