World, from vienna to london, frankfurt to washington come our bloomberg roses are on the ground with all the top stories. In vienna, opec is said to reduce its target as a rock promises to comply. Joining me for more is bloombergs annmarie hordern. But do we know so far . Annmarie good morning. What we know is theyve agreed at the opec allies meeting today to cut by the hundred thousand barrels a day, but the devil is in the details. Brent and wti are both lower. This cut is basically cosmetic. We are still waiting for more details because it just brings the figures on paper to what theyve been producing throughout the year. Some members, including saudi arabia, have been cutting well below their target. That was the message from ben salman thisfrom bin morning, and his first meeting is energy minister. He said further compliance is needed. Everyone in the room knew he was talking about, even though he didnt name and shame. The message was simple. Stop cheating. Alix indeed. Thank you
Need to look out for is volatility in the market. Your markets and this is what we are seeing overall. Global stocks seem to be more study certainly than they were yesterday. Rising. X stocks and europe edging higher. That means theyre having their worst week since november. The brazilian real well talk about all day, 3. 37. The vix down. A little bit of a swing upwards yesterday. Lets get to first word news. Sebastian the u. S. Treasury secretary says breaking up the banks would be a huge mistake. Steven mnuchin says the u. S. Administration does not support splitting commercial and investment banking. Elizabeth warren accused him of a bizarre policy shift. Temer has defined calls to step down, saying an investigation will clear him of a coverup. Media claimed that he approved hush money for the former House Speaker. Realurmoil has seen the tumble. U. K. Political parties have criticized theresa mays approach to brexit ahead of next months election. Jeremy corbyn refused to take her b
Self driving cars, driver using autopilot in a tesla model s. Not only big for travel but the big friendly giant among movies hitting theaters, a preview of the weekends top movies. So much for the selloff in the weeks of the british vote to leave the European Union. The tao and the s p 500 have recovered nearly all the losses from that vote. Look at the action this morning, futures in the us point to a slightly lower open off one 4 , futures down 39 points. In europe we are watching markets trade in positive territory although mixed trading we have seen for most of the session. The cac quarante in france, the for the in london up 3 10 of 1 . Markets are higher and the hang seng closed for trading today. Green arrows across the board. All of that coming up and there she is, foxbusiness networks Dagan Mcdowell is here, professor of business and economics and radio talkshow host daniel webb. This is going to be good stuff. Good to have you here. You see richard and david next to each oth