Tomorrow. We have great interviews. Will president elect trumpish escher in protectionism, and what will it mean for global trade . We speak to the owner of the Worlds Largest container shipping line. Plus, is the Banking Industry headed for an uber loan . We talk about bitcoin, Cyber Security, and disrupting the banks with the former barclays ceo and the block chain cofounder, later in the show. Gett things first lets to the data check. We have a special guest from asia. This is the picture of these markets. Breaking news out of the iea, saying the opec deal will create on oil supply deficit in the first half of the year. We will monitor that. I wish i had the picture for oil, but overall stocks unchanged. Unicredit gaining 4. 2 . There you go. This is the picture for oil, gaining 3. 2 . 55 point 67. First, lets get to the news with nejra cehic. Plans to raiset 13 billion in an offer to sell off bad loans and slash costs. Italys biggest bank is targeting 4. 7 billion euros net profit
With tom keene in new york. There has been a change in the landscape in the last two days. What i liked his we are going to talk to a smart set of people through all of surveillance this morning. They will join us later on radio. We have got doug of isi in this hour. And paul gate of Sanford Bernstein in our next hour. Smart experts on this commodity implosion. Guy setting you up for what is turned out to be an interesting tuesday morning. All those guys coming up. Lets get you the bloomberg news. Nejra thanks, guy. Chinas trade slump just keeps getting worse. Chinese exports fell in november for the fifth months in a row. And the drop in imports has now hit a record 13 months. The trade data comes a week after reports show chinas factory conditions fell to their weakest level in more than three years. For the first time authorities in beijing have raised an air pollution alert to the highest level. By one measure this mauga seven times the level considered dangerous to help it beijing
Commodities are on the move. But i would focus on is this exhaustion at the end of the year, where people are saying when does this stop . There is no indication that it will stop this morning. Francine there is no indication and they are looking for the fed. Tom theyre looking for the fed. Michael mckee will join us. I dont know how the fed links then with iron oil links in with iron ore. Francine and currency traders have been burned on the back of it. Lets get to the first word with nejra cehic. Nejra in paris, the Climate Change conference has been extended by at least one more day. The talks have been sent to end frenchut the foreign minister there are a number of issues to be resolved, among them, how rich nations will pay to help clean up the air. Put off aron has decision on whether to allow another runway at Heathrow Airport. There wont be another decision until the next election. The British Government says there needs to be more research on the environmental impact. Tomorrow
Cautious outlook. The ceo tells the program hes bullish on new Product Launches. Two new products ss launches. That is going to be very important for the future. And welcome to the show. Were just getting numbers breaking out net loss of 4. 6 million euros. Compared to reuters for a net profit of 6. 9 euros. A significant miss. They plan to keep the dividend at 50 Cents Per Share. Consensus expected an increase to 62 Cents Per Share according to reuters. Theyre saying they expect more paying coming from volatile currencies moving forward. Well be giving you a full run down of the numbers tomorrow when we have an interview with the puma ceo. Thats coming up on squawk box tomorrow, as you can see, shares down about 1. 5 so far in frankfurt today. Lets move on and have a look at the greek market at the open. Its down. Its down around about 3 1 2 so far today. This does however, follow the best return since march 1998. Greece is up 23 over the last two weeks and under some of that reform t
Argues that although a greater economic calamity was averted more should have been done. Thats next on booktv. Good evening and welcome to todays meeting of the Commonwealth Club of california, the place where you are in the know. You can find the Commonwealth Club on the internet but Commonwealth Club. Org. Im richard waters the west coast editor for the Financial Times and im your moderator for todays program. Now its my great pleasure to introduce todays special guest dr. Barry eichengreen who is professor of economics and Political Science at the university of california at workweek and he is the author of the new book, hall of mirrors the Great Depression, the Great Recession and the uses and misuses of history. If anyone is wellsuited to applying the sort of sweeping historical and International Perspective that a subject like this demands then its professor eichengreen. Since he first discovered a real passion for history as an undergraduate at st. Andrews university in scotland