Decline as strength and the Services Industry adds to the higher for longer rates narrative. Bets on a november fed hike rising to 60 . Apple citing the most and a month saying some Chinese Government agencies are banning the use of iphones. Japans trouble outlook from the ana ceo who says demand from china is soaring. A quick check on wall street, not the best of openings to a month ever. Three down sessions, it looks like as futures open we might be pointed to a fourthdown session. The s p 500 down. 7 , big tech leading the time for the most part. Apple with their drop after we had sourced the idea that china would be banning iphones from the workplace. We had treasuries falling as well. That was to do with the Services Data which was really strong, except for prices paid being strong. That adds to inflation. Perhaps in place and will be stickier, there will be another fed rate hike in november perhaps. We had to fed speakers rwo fed speakers, they both said there may be another rate
I am mark tucker. Is 8 00 a. M. Across the emirates, 4 00 a. M. In london. Im Tracy Alloway in dubai. David im david and glass in hong kong. There is a lot to talk about this week. The fed has not been fully priced in. Had you make money if everyone expects them to move . Have a look at some of these charts i have for you right now. It speaks to the risk ahead. First one, dollars saying. That they are saying is that hair you want to watch across asia because it has not really gotten ahead of the 55 day moving average. It bumped its head in late january and a few days ago, so this is something to watch. The other thing i will point out is when you look at their reflation trend, we had data earlier from japan ppi. When you look at the other charge, 6711 on the bloomberg, we now have both china and japan showing solid signs of reflation when it comes to the factory. That bodes well for the inflation trade and when it comes to pricing for the oldschool industrial conglomerates in both coun
Good morning. You are watching the pulse. We are here in london. Getting somet breaking news out of the International Energy agency. Cutting Global Oil Demand for the fourth time in five months. Despite the fact that the price of oil is going down, demand is not picking up. The fact that they are having to do that for the fourth time in five months tells you about how quickly everybody is racing to try to get in front of this story. The story that continues to see nymex crude getting crushed. Below 60 a barrel. We are watching a number of confluences coming together here. Youve got the opec story, what is happening in the United States, the impact on emerging markets it is substantial. Lets find out how we should be looking at this story. Mark mobius is Franklin Templeton investment chairman. He joins us now from singapore. How should we read it . How should we make the oil story work for our investments . As you mentioned, the impact is tremendous. In some countries, it is disastrous.
The new company will be the second biggest in the global oil and gas industry. The sale price represents a 50 premium above bgs Closing Price. The way we would look at that is if you look at the carbonation of the companies what we could do with the assets that bg has, we saw a lot more value in that combination. Matt it is the industrys egg is to deal in at least a decade biggest deal in at least a decade. Some Traffic Controllers are not showing up for work. About 40 of french flights are being canceled. Air france says most of its longhaul flights will take off as scheduled. Saddam chicago voters are giving their mayor another four years. At rahm emanuel one a second term. He says the battle will make you more effective. Will make him more effective. To all the voters i want to thank you for putting me through my paces. I will be a better mayor because of that. Matt the challenge from a fellow democrat was a rarity in chicago politics. Rahm emanuel must tackle crime in education pro
Good morning, everybody. Welcome to the pulse. We are here in london. I am guy johnson. Price i am printing approximately at these are the top stories. I am printing the plot. These are the top stories. Dr. Craig center is being treated in isolation at Bellevue Hospital center in manhattan. That is actually holiday is now. What is the latest . Facts as you mentioned, dr. Is in an isolation unit. This is seven hospitals designated by new york officials to treat ebola. They have been doing drills. They have been prepared for months. Yesterday, when dr. Spencer fever,with a 103degree according to mayor bill de blasio, they moved swiftly. They sent an ambulance. There was a team with hazmat suits who transported the doctor from his apartment to the hospital. Nea,doctor was in gui working with doctors without borders, which is why so many people were alarmed about this news yesterday. He had contact with ebola patients. He returned about 10 days ago. The incubation period for ebola is 21 da