Heard from the bank of england yesterday and whether that will filter through longer term in terms of negative rates. Now overall, the markets are focusing on that. They are focusing on some of the things that we saw this week, which is m a. In. Ks general in europe edging lower it seems to be that a lot of markets are in a holding pattern. Lets get straight to the bloomberg first word news. Here in london is also leighann gerrans. And oracle seem to be edging closer to eight tiktok deal. They have tentatively agreed to terms with the treasury department. Bytedance is also increasingly confident that plans will win the approval of regulators in beijing. Assuming it happens, a new firm would aim to hold an ipo in about a year. The eus climate chief says rising demand for green bonds creates an opportunity for the bloc. It plans to start selling as much as 225 billion euros of its debt. That amount is almost the same as all of the Green Securities sold globally last year, likely making t
Much better to be honest about it and you know both candidates have talked about being tough on china weve definitely seen president trumps track record in terms of the trade war weve heard yet it biden talk about the fact that he wished prohibit u. S. Companies from abetting repression wanted quote at supporting the chinese Surveillance States also talking about imposing economic sanctions on beijing and so these are this is something that definitely is in the air although right now i think coronavirus issue is on the top of the lets put it in your i mean yeah i think as i said i consider my introduction and its a lot of written rhetoric because the captains of industry in finance have done extremely well in their interactions with china over the last few decades i dont think they want to see that change one iota so im on the one hand i think its very rhetorical. And in the end it incites passions and emotions but i dont see the c. E. O. s and president s of companies doing very much
President s, you need to put a tiger in the tank. It is very clear what the uk needs. Uk Prime Minister says a brexit deal by the end of the month is possible despite key sticking points. Jeff bezos goes to washington founder and ceo is willing to testify after long resisting a longranging inquiry of antitrusting nbc confirms north korea has blown up an office hours after they threatened to take action. A warm welcome this morning. A lot to get to. Lets kick off with the energy markets. We have a fresh report out of the iea. The iea has raised the 2020 forecast by nearly 500,000 barrels a day due to demand from china and india as well as the lockdown Global Oil Supply outlook fell in may opec plus countries reduced out look by 9. 4 Million Barrels a day. Interesting to see that they do now see a stronger Oil Demand Forecast than they now had seen previously they note that oacd industry stocks rose to 3. 1 billion above fiveyear average. In terms of oil demand, that is coming from bette
Cheryl veronica . I hosted so im ready to be done. We have a lot of news coming up this morning. Our top story this hour was, well, it was christmas, americans spending more money online for the Holiday Season, ecommerce sales jumped more than 18 compared to last year overall. Holiday retail sales excluding cars rising more than 3 . Thanksgiving did fall later this year which pushed a lot of retailers to start sales earlier. President trump touted the news, heres what he tweeted. 2019 Holiday Retail sales were up 3. 4 from last year. Biggest number in u. S. History, congratulations, america. Veronica, your reaction in the middle of all this political abusinesabyss thats happening , you have an economy and consumer thats on fire and we have numbers to prove it. It sounds like youre trying to get away from washington but this is great for the party of washington, for republicans, for the president. This is a great economy for him to be going into 2020 with. Theres a ton of devi divisiven
The ringing of a user cell phone or pagers are prohibited at the meeting. Any person responsible for one going off may be asked to leave the room. And cell phone vibrate causing micro phone interference so the board requests they be turned off. Item for approval of the minutes of the october 1 regular meeting and no one has turned in a speaker card regarding the minutes. Thank you, directors, do you have copies of the two sets of minutes, if there are no comments, ill entertain a motion. Motion to approve. Second. All in favour please say aye. Aye. My opposed. Ok. Item 5. All right. Mr. Chair, i have no communications at the moment. New or unpublishe unfinished bu. Board members, if theres something you would like to address now, please do so. I had some leaders in chinatown bring up the issue around i know that there was concerns generally about the delay and the subway and concerns about things we can do to mitigate and one of the proposals theyre pushing forward was for lesser parki