Home turf. Betty hello and welcome to daybreak asia. I am betty liu at Bloomberg Global headquarters in new york. Been on thes u. N. Voting on these tougher sanctions against north korea, but not tough enough, right . Of the oil embargo falling far short of that that was talked about were discussed by north korea. Still, this is going to cut north korean exports by about 90 , and that is still going to have some bite on north korea. Haidi absolutely. Looking at these numbers, the sanctions cutting 55 of north korean death, diesel, and heavy fuel. Energy short of that embargo as well as the freeze on his assets that have been sough t. It is a little bit of a compromise because it was widespread expectation that the sanctions would not have gotten the vote of china and russia. Betty ahead of all of this news, which was widely expected, the market had a steady day a seller day. A record for the s p, with leadingls and techs the way. The dow higher by 260 points. The nasdaq also gaining by
Korean alliance. The center for stratic and International Studies hosted this hour and 15 minute event. Well, welcome back from your break. Im michael green. Im the Senior Vice President for asia and japan chair here at sic and a professor at georgetown and like victor cha, a veteran of the long forgotten bush administration. This panel is going to look at our alliance in the context of northeast asia. The previous panels touched on bilateral defense issues, on ways to deal with the rising threat from north korea. Those issues will come back in this panel, but what i hope we can do for the next hour and 15 minutes is provide the larger geopolitical context within which were now working. The north Korean Nuclear challenge cannot be divorced from the larger geopolitical memory and vision for the future of northeast asia. And we are confounded, we are obstructed in our effort to find a diplomatic solution by the fact that there are different ideas in North East Asia about what the regions
Tiles. The total number of the record for all time, 77, 1995 i thought you were going to say the total number of trading days we still dont have that no. But i was trying to think about it i think theres 53 days left which probably work out to 44 trading days for the rest of this year. I did the rough numbers yesterday 25 . Look, there were 220 i mean, there were 222 or something weekdays i dont know how many of those days were closed or trading sessions thats good enough. So its Something Like 25 25 of the time youve still got another potential up to 40 trading sessions left. Let the good times roll thats the bottom line yes bottom wlien is, we have seen a lot of record closer its not just here in the United States joef night in asia, green arrows across the board with the nikkei up by almost 1. 75 another 389 points added to the nikkei once again to a nearly 6year high jump just visits the area and this is the kind of stuff that happens. The hang seng up by 1. 4 . The shanghai up by.
It is daybreak australia, two hours away from the opening of the first major markets. P. M. it is just past 6 00 in new york. We will be looking at key Economic Data over the weekend and how that will play into the asiapacific trading day. Lets recap how the u. S. Markets closed on friday. A reminder, estimates softer, personal spending numbers also weaker than expected. The dow falling 40 points, the nasdaq and the s p all closing lower, but fairly. Pretty much flat. Futures are trading, just picking up in the morning session here in monday. You can see barely unchanged. Not a lot of Movement Like last weekend when we were watching the French Elections and that impact on the markets. That is right, and it could be about geopolitics going election next week. And the heightened tensions over north korea with pyongyang testing and other missile on saturday, it will be more of a china focus for the asian session. Need to new zealand is down six days we have had of gains when it comes to a
After two years of losses, bps set to reveal its making profits again thanks to the rise in the price of oil. And, can the thrill of the auction room be recreated online . We investigate the digital challenges for the likes of christies and sotherbys. Welcome to World Business report. Im sally bundock. Bps expected to say its been making a profit in recent months, drawing a line under years of painful cost cutting and transformation as it grappled with low oil prices. Using the oil giants preferred measure of underlying replacement cost profit, last year it made a loss of 2. 6 billion a 55 fall on the year before. The shift in the price of oil on Global Markets was the main reason why the white line shows you the slide. It bottomed out at 27. 88 a Barrel Injanuary 2016. The yellow line shows you bps share price during that time and the effects of the two year slump in the oil market as well as the cost of the Deepwater Horizon Disaster. This year bp plans to sell off around 4. 5 billio