With steve forbes, mike ozanian, john tamny and others. Steve, i cant help but hear all the progress we made with china, what about the progress with the South China Sea business, with trades, et cetera. I dont think it was bad, do you . No, and in fact it was a brilliant move by the way liberals love to deal with our enemies thats why they say its bad to be a enemy of the u. S. , worse to be an eye lie of the u. S. In this case what trump did was absolutely fabulous, he made it clear were going to defend our interests in the South China Sea, cyber security, barring our companies from having full selling rights in china especially if theyre cutting edge and appoints Terry Branstad the new ambassador to client who knows president xi of china. In effect what trump is saying, we will negotiate but with you it will be different from what you have had in the past from us. What was all in a progress that josh earnest was talking about that trump has not endangered . Listen, i think that my i
To lead the epa sad and dangerous. Joining us is Columnist Bill mcgern and kim scoslle. You wrote with the pruitt nomination this week and you like it. I like it. Here is a guy who has sued the agency and hes highly skeptical of a lot of the regulatory actions that president obama has put in place, extra legal act n actions. So we dont need another environmentalist there. We need a lawyer like mr. Pruitt who is going to try to restore the balance between the agency and the state as partners and put it back in its proper role. You like the fact that he is from a state, its an oil and gas state, and that has a lot of democrats griping, but you like the fact that what the Obama Administration tried to do was mandates on the states and the states fought back with pruitt. These are how these laws are supposed to work. Its supposed to be a partnership. The federal government sets standards and offers support and maybe enforcement, but the states are supposed to be free to innovate. Thats the
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
We have a great show to kick off a big week for the markets. We will discuss what 2017 holds for u. S. Monetary policy. As italy lines up another new premier, in turkey comes to terms with the bombing istanbul, we will focus on the market and Political Risk in europe. As crude oil surges, we also speak live to the Nigerian Petroleum minister on surveillance at 9 40 u. K. Time. Lets check on the markets. This is a picture for oil, gaining 5. 1 at 54. It surged the highest in 17 months as efforts to cut production sent the 10year treasury yield above 2. 5 . Chinese equities tumbling. European shares holding to what we saw last week, pretty much flat. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra president elect donald trump says hes close to naming his secretary of state, dropping hints it could be exxon mobils ceo. A person close to the transition on hasnt beenrs formally offered the job yet but is likely to be the pick. Italys prize minister designate has been hol
Courtney reagan in for sara this morning. Good morning. Happy monday to all of you and our viewers. Lets get straight to the market action. Record highs throughout the week. Last week we ended the week with the s p down 3 . The nasdaq was the leader at 3. 5 for the week. Its worth pointing out the nasdaq since the election up only 4. 8. So much of the gain coming last week. It was playing catchup having lagged behind some of the other indices since the election. The one really up most of all since the election is the russell 2000. As you can see this morning, were pretty much flat in the premarket. The dow eking out a slight gain on the futures market there, the s p and the nasdaq slightly negative. The big market mover this morning is oil. Oil prices up some 5 . If we have a look just shy of that now, 53. 94 comes off a week of gains. They were up 1. 3 as a whole last week. But prior weeks, they were up 12 when the initial opec deal was struck. The reason we have the extra bounce toda