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
Of disney led u. S. Markets to gains on tuesday a company was boosted by a report that its new streaming services adding an average of a 1000000 new subscriptions daily a strong start for disney plus which premiered 2 weeks ago is just the latest good news for the company its new release frozen 2 broke Opening Weekend records hauling in some 350000000 dollars globally thats the highest grossing debut ever for an animated film. And lets go now to our financial correspondent in new york and certainly a frozen families im assuming yes this is been quite a ride for disney hasnt. It clearly has been and it looks like disney is doing everything right at least at this moment since last year the stock is up by a good 50 percent and here on tuesday the stock price reached a new all talking about frozen part 2 its probably going to be the 6th movie for walt disney this year alone to surpass the 1000000000. 00 mark and then as you mentioned. The streaming business seems to be doing better than wa
Good morning weve got a big show this morning joining the conversation fox business megyn mcdowell and tom bevin and pollster of partners author of persuasion lee carter the great to see you. A lot of news to talk about today actually first lets talk about futures in china. Because markets are up this morning pointing higher this morning, a gain of start of trading gets because of some optimism over potential deal with china. China said it is going to raise penalties. On i. P. Theft surveillances major point of the negotiations with states and continue trade talk last week this has to be a positive. I think a lot of people are feeling this. But do we believe this . That china is, in fact, going to enforce this that ip theft is against the law . This is not even a trust that verify situation because we dont have any trust with china baked into their Business Model with i. P. And you know theyll have to prove themselves i think before anybody believes theyre going follow through on this.
President trumps criticism . Yesterday the president called for lower Interest Rates just like our foreign competitors. Event that far from now the market opens, interesting on the day impeachment hearings to start, stock prices are out at record highs in the dow jones will be down about 80 points. Closed unchang. Statistically unlikely, but it happened and s p 500 down about a, nasdaq down about 20, no serious selloff at the opening bell a halfhour for now and then there is this, extraordinary scenes from hong kong overnight. Battles on the streets. The city, paralyzed the Central Business district shut down. Schools closed. Its open warfare, a revolt against beijing, serious stuff. You are about to see a important day. We will find out if the democrats really can convince voters that President Trump should be thrown out of office and we will find out if the economy can keep growing in the stock market keep rallying. Varney co. Is about to begin. Stuart moments ago we set it, its open
Thank news are actually old concepts. Maybe i can ask anyone here, are you a classic scholar. How did he translate news into latin. I dont expect anyone to know that. Does anyone know this. You are not old enough. [laughter] the latin word is rumor. It is the same meaning as today. These to beat worried about rumors in those days so they can make or break you. So has brought new in my scope of history way back. So im interested in understanding economics events. Like what causes a boom like what causes a boom or a session with some countries seem to be prosperous and others not. That is the wealth of the nati nation. I am taking what i say is and in usual perspective on it. That thinking that these events happen not because of some exogenous, if it like sunspots. But be because of talk. Most of you are not economists right. When i said sunspots, there is a famous article in the late 19th century, by William Stanley devens. He was a british economist who said that he finally figured out