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BLOOMBERG Bloomberg Markets Asia July 13, 2024

15,000. Take a look at the kospi. We are focused on samsung earnings. Samsung warning of a profit slide as this virus squeezes the tech industry. Samsung shares largely after the results came out unchanged. We are watching out for the singapore jobless numbers coming out this hour. 2. 6 , an 11 year high. We see this recovery momentum coming back in offshore chinese stocks. The moving average yesterday when things close, and we are higher here today. Bank of china among them. Dollaryen, a little strength. And some strength for the korean won. Oil remains the story, but take a look at volatility. When it comes to oil contracts, we are leapfrogging of june to july and seeing wild gyrations. We have bounced back after wti auched 10, but we lost quarter of the value when it comes to crude. It looks like volatility will continue. Into julywill roll with the spread of the june and july contracts especially for wti getting rocked by volatility. Tom we will get more on that story in a few minu ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

I have to go to the gossip of london. We will get to oil with jim caron in a moment. Why does the sunday times go after the Prime Minister of the United Kingdom when he is just out of the hospital bed . That is a very good question. First of all, lets remember the sunday times and of good the times were huge supporters of mr. Johnson. There is a feeling that the fact the Prime Minister got sick maybe gave him a free pass in how he handled the situation. There are two schools of thought. One thing, we just need to get through the crisis and need to try to work together. And then those who say we need to hold our leaders accountable for what they have done because theres the change of course. Yesterday we found out the critical number of personal Protection Equipmen ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

Cheerleading forward as we expect politicians to do. The underlying math on the thursday past was outright graham. Outright graham. Whether it was germany or russia. Increasedew york city 9. 8 yesterday. That is a huge fall back from the end of may story we have been getting. Francine if you look at the pattern, if it is anything like we saw in france, gets better and then gets worse and then get better. Bear with us and good luck to everyone. Lets get to the bloomberg first word news in new york city. There china hasnt had an economic report like this in decades. The coronavirus pushing the countrys economy into a contraction in the First Quarter. Gdp shrinking to 6. 8 from a year ago, the worst performance since at least 1992. Recovery will not be easy. Coronavirus has hammered business around the world. China will have to demand will have to rely on fragile domestic demand. It is a threephase process. The president says some pha ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

Tom wti is leading down, no question, francine, but i would look at the remarkable decline of floating oil, global oil, brent crude, well under 20 a barrel now. For it to sustain under 20, a splint to me how some of these nations move forward. You were talking in the last hour with the tourist rector of greece. I dont know if oil is good or bad for the tourist director of greece, but 20 brent crude does not get it done for a lot of other people. Francine i mean, i think the price of oil is secondary. If you are the greek minister for tourism, he was very careful because he wanted to speak to other nations to see if it was ok. But do you issue a Health Passport . How do you do with people congregating in lobbies . A thirdce, it employs of their population. Now to bloomberg first word news with viviana hurtado. Viviana a new strategy to expand coronavirus testing from the white house, that is our beginning on first word. States rec ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

This is bloomberg surveillance. I am Francine Lacqua in london. Markets, thet the volatility swings we saw is moving to currencies. European stocks have been fluctuating, they are flat right now. They were higher a couple minutes ago. Oil is higher today after china unveiled plans to boost its reserves. If you look at brent, they were 12 higher, now they are 9 higher. Treasuries slipping along with the dollar. Lets get to the bloomberg first word news. China says it acted in an open and transparent manner when it comes to the coronavirus, after u. S. Intelligence reports said beijing concealed the extent of the outbreak. Two sources say chinese numbers were fake, that includes underreporting total cases and deaths. The pentagon is looking to provide as many as 100,000 military body bags for potential civilian use, as the u. S. Warns deaths could soar in the coming weeks. To a dealon is close with a contractor. It will send it to ....

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