Paris. Oil prices are also under pressure with brent crude falling below 50 a barrel amid concerns that President Trumps decision to exit the Paris Climate Accord could spur an increase in drilling. The Global Market rally moves on with the nikkei closing above the 20,000 mark for the First Time Since 2015. And european auto stocks driving higher on hopes that trumps withdrawal from the paris accord will ease the Regulatory Burden on carmakers. Good morning. Its friday. Glad youre with us once again. Lets continue with our top story. Germany, france and italy hit back at donald trump saying the paris climate agreement is not up for renegotiation. Their joint message follows the news that President Trump will withdraw the United States from the 2015 climate accord. Speaking in the white house rose garden trump says the u. S. Will begin negotiations to reenter the agreement with you warned he would only accept a deal fair to americans. The Business World hit out at the move. Goldman sach
The trillion dollar Tech Industry gathers in las vegas In Search Of The gadgets that will get it growing again. Plus polarising opinion we find out whats behind the scramble for lithium and whether the boom is heading for bust. Welcome to World Business report. Im Sally Bundock also in the Programme Alibaba cracks down on counterfeiters. Details in a moment. But first. We start in las vegas where thousands of Technology Executives are gathering for the annual Consumer Electronics show which opens today. Its the most important event of the year for the Tech Industry a chance for companies to show off the gadgets we will, they hope, soon be buying. Its a huge business and also an increasingly tough one. According to the Consumer Technology association which organises the las vegas show we will buy Gadgets Worth close to a trillion dollars this year. The problem is the industry as a whole is not growing. If its accurate that figure would be down around 2 on 2016. And it would be the the f
Uncomfortable to learn through question thatt a posed nearing a town hall last march in flint, michigan. Cnn announced that it had accepted braziles resignation two weeks ago. Revealedial reportedly for least a second time brazile had communicated about questions of candidates might be asked on the air. Islamic state claiming responsibility for a suicide car bombing at a popular baghdad market. At least 10 people were killed with dozens more wounded. The blast was one of several in the iraqi capital this weekend that left a total of 17 people dead. Remarks call into question Key Assumptions about who will step swn after president xi reshuffle next year. Saying retirement rules need to asflexible and revised circumstances require. Global news 24 hours a day in over 120 countries. Im mark crumpton, this is bloomberg. We are 30 minutes from the close of trading in the u. S. Scarlet racing news crossing the bloomberg breaking news. More on this and how the stock is reacting, you only need
San francisco fed president John Williams says Monetary Policy needs to be reimagined to deal with a new normal. Shirt of the tubing Percent Inflation target be scrapped . Caroline should we look at the record highs we closed out in the United States, because we are seeing a little bit of risk aversion, money coming off the table when you look at european futures. Russia seems to be at a record high. Today, money coming out of the riskier equities, but there is m a action happening in germany. It looks like we could be following oil lower. Guy we are going to keep an eye with oil having a fairly bouncy time. Lets take you to the gmm function, a good headsup to what is going on around the world. I want to focus on what is happening with the yen, the yen really under pressure. You can see its really welded. The yen moving up 1 this morning. We are flirting with the 100 line, the boj paying attention. The nikkei has responded by going down 1. 22 . Youve seen some fairly interesting moves
Everybody. I am anna edwards. The oil price on the move again, retreating once again down by 1. 3 . Where we are on wti right now, down 1 on the brent price. We have a chart that was that into context, a big move looking at the blue line, that is the wti price. Is the upside, three weeks ago we were in a bear market on oil. A bull market returned on thursday, speculation mounting at that point as to whether opec would take action to boost prices. The focus on the attention is the data out of the u. S. Over the last 24 hours or so, u. S. Data showing oils of prices increasing, inventory the highest in 30 years as we come to that driving season. Keeping oil very much in the center and the overnight trading session in asia. With that in mind, let us bring up the risk radar. As we said in the headlines, retreat in the asian trading session. We have the biggest drop in threemarket stocks weeks but really the focus of the market around the united states, putting the dollar index in there, re