Increase in calls for an infection some communities still not cooperating with the government in fighting the disease. Im still go welcome to the program i was going to pose Ennio Morricone has died at the age of 91. 00 he helped define an era of cinema rights and use it for more than 500. 00 films it was perhaps best known for scores of its least forget the western movies including the good the bad and the ugly a friend says he died in hospital from complications after a fall. Its one of the most iconic movie soundtracks ever. School for the 1966 film the good the bad and the ugly. Over a career spanning decades the composer found success with his unique style and approach. I dont ascribe images with my music when theres an important movie its key that the music says what isnt said and what you cannot see. Born in 1928 morricone started out as a trumpet player after training at a prestigious rime conservatory writing film music began as a way to make some money but he was soon in dema
Lets have a look at what is going on with these markets. We would normally be looking at the nikkei, but tokyo is looking at the public holiday. There we go. Taiwan moving to the upside. Hang seng adding to some of the gains. Overall, we are seeing a mixed bag. Shanghai is lower. The asx 200 not having a good time. Lets have a look at the other Asset Classes which are perhaps on your radar here. Kicking things off with a look at gold, just down a fraction. Investors are sticking to their guns. We have seen it shifted to gold ever since the middle east tensions did come to the fore with the downing of that jet and the killing of general soleimani as well. 1556. S just at the moment 98. X crude, oil holding onto the biggest weekly drop we have seen since july. Easing tensions regarding whats going on in the middle east. On top of that, the pound is a little bit lower. There is the possibility of a rate cut. The bank of england policy maker showing that there are no signs of the economy i
To talk about demand as you said in your report, demand, the pace has weakened in july and august. In september we saw the impact of the hurricanes. Was it off a oneoff effect . Is this something to worry about longer term . I think the focus should shift to the fact that in the Second Quarter of this year we had exceptionally Strong Demand growth year on year. That was partly due to the fact that the year before demand was relatively weak. What we need to say is over the year as a whole in 2017, despite the quarterly variations you mentioned, demand growth is robust it will be 1. 6 Million Barrels a day in 2017 versus 2016, which is strong. In the report weve reconfirmed our forecast for 2018 where we see demand going up again by 1. 4 Million Barrels a day. In 17 and 18 we have good demand growth, spread fairly evenly around the world. Just two days ago we heard saudi arabia was cutting its exports. Thats in part because of some refinery maintenance happening in china ahead of the Peo
Since may. Nasdaq is down for six out of the last eight sessions. Youre talking about elevated levels for all of these indices. The nasdaq is still above 6,000. Dow is at 21,320 again, you can see things actually picking up as we sit here talking about it. Dow futures indicated up by 8 points keep talking. Here are the big stories were watching the manager of the worlds Biggest Hedge Fund sounding off on Monetary Policy ray dalio says the actions of Global Central Bankers suggests the low rate cycle is ending soon he said our responsibility now is to keep dancing but closer to the exit and with a sharp eye on the tea leaves you remember the last time somebody talked about dancing. That bugs me. Dalio said he was less concerned about a debt bubble because of Balance Sheet deleveraging. The department of Homeland Security and fbi says hackers are targeting Nuclear Power stayings and other Energy Facilities the attacks have targeted people who have direct access to Critical Systems that c
Ranges i agree and it occurred to me again why the market went up yesterday, we just dont know how to enjoy good things, good times. I mean, it really looks like we have maybe progrowth policies, Interest Rates that will probably still stay low. Inflation that probably wont be a problem. Everybody is worrying about Profit Margins hitting peak because wage gains will start hurting Profit Margins its bad for income inequality, but in the meantime Profit Margins stasy sustained. Everyone is saying its overvalued, but are we missing the point that there is like a perfect storm . Yeah, and yesterday you were talking about Profit Margins and once wages go up, Profit Margins by definition have to come down. But i think and im guilty of this all the time. We make this more difficult than it has to be to your point, maybe it is this simple now and i think the intelligence i cant, they try to figure out ways where ty the market will go lower. I cant, they try to figure out ways why the market wi