European stocks are down a little bit, a lot of focuses on trade. A lot of focus on what happens next. We heard from donald trump saying hes not ready to roll back tariffs, some and we heard from his advisors last week. The focus is on alibaba as a litmus test of the strength of the chinese economy for a single day and the numbers are staggering. China approving new loans coming it 661 billion yuan. Pound at 1. 2805. We will be speaking to u. K. Chancellor, that interview was later today. Lets getntime straight to bloomberg first word news here in london. Spain has left more ungovernable than ever. Their leader now has fewer lawmakers than before, he now faces torturous negotiations to form a government. Australia is bracing for another week of devastating bushfires, flames in the eastern seaboard and even areas of great sydney are facing catastrophic threat. More people have died and than 150 homes destroyed as fires rip through areas hit by a two year drought. Chinas consumer inflati
Development. We see how it breaks apart from the oil price movement. Meanwhile, apple has had enough of the rubles wild swing. S stopped online sales of its products in russia while it reviews pricing. Russia plans to pump the same amount of Oil Next Year as it did in this year. West texas intermediate has been down as much as 2 and has been trading a little under 55 and barrel. Versus theecutives board at American Apparel, the struggling retailer that targets teenagers. The company has fired founder dov charney for misconduct. More than 30 executives want the board to reconsider. They say charney should be around to help the next ceo because he is what makes this thing kick. Charney violated American Apparels sexualharassment policy and missed used company funds. Charney calls the accusations baseless. Hackers are warning sony not to show the movie the interview. Threatdio is taking the seriously. He company has canceled the new York Premiere and have told theaters they are allowed to
Is the verdict of the child sony chief executive as he speaks out for the first time about the cyber attack prompted by the interview. Welcome to countdown. Lets start with the global selloff that is characterized at the start of the trading year. Asian stocks fell the most in seven weeks aided by the decline of crude and the fragility of the eurozone. In the u. S. , the price of wti crude fell below 50 a barrel for the First Time Since 2009. Energy companies have been the biggest losers in the selloff which is wiped out more than 1 trillion of equity verio value. The head of the election is in three weeks. It is fair today we had an oil induced route yesterday that is spilling over into today. Benchmark u. S. Oil gumbel of 50 a barrel for the First Time Since 2009 and a closed above 50 a barrel but a decline of 5 year to date in this year alone. It fell 46 last year. That is just two days. Already down by that much. After reaching that high last year of 100. It was not confined to the
Are offe and erik today, no doubt eating the christmas food. We have cookies. We will have that during the break. American express is paying 70 million to settle claims it used deceptive marketing track this is practices. It will go to 300,000 customers who bought things like credit monitoring. Ular to say that the regulators say that the addons had hidden costs. Firstclass stamp will cost you . 49 starting january 26, so stock up. The increase is to save 1. 8 billion a year off of the post losses. Massive Edward Snowden says that government surveillance is worse than anything envisioned in George Orwells novel 1984. Snowden is living in russia on temporary asylum. The message aired on londons channel four. The gift that keeps on giving. Not for the government. For people who consider him a whistleblower, maybe. Catching flak after failing to deliver packages in the u. S. By christmas day. The shipper is blaming nfl ends of packages that exceeded laming an avalanche of packages that ex
One, there is a long backorder. On vacation. I am going skiing tomorrow. The news feed. Cessna owner textron buys beechcraft. Billion deal will help textron encounter a slump in business jet sales. Cessnast complements product line. Aircraft sales account for about 60 of textrons sales. Gm recalling 1. 5 million vehicles in china. Regulators say there is a defect in the fuel pump bracket that can cause gas leaks. The Retail Stores on december 30. Gm operates in china with s a i motors. The turkish firm that owns godiva chocolates is gobbling up the firm that makes chocolate pretzels. Demets,21 million for that was owned by a connecticut buyout firm. The big stock stories twitter. Shares have exploded. Around 70 . If you look at the chart, you can see that there is a debt at the end. End. Dip at the about 5 , analysts downgraded it to the equivalent of a cell a sell. Our next guest agrees. Larry, you do not actually own twitter. Hoodie no. Prospectsl business are good but you do not wan