For gop president ial candidate donald trump as chaos erupted. His camp called the whole thing off. What does this mean Going Forward . Good morning, everybody. Taking a live look at lower manhattan. Look how crisp and clear it looks. The east river looks like glass on this saturday, march 12th. Glad you are making time for us. Im michelle charlesworth. Its always nice to start springlike weather. It will be dark tomorrow, though, because we spring forward. Well lose that hour of sleep and well be tired tomorrow. Extra coffee will be in order for sure. Amy freeze, this was a spectacular week. It was. Squeeze in sunshine and temperatures easy to take. It feels mild in the city, but the outlying areas have temperatures even below freezing in white plains and suburbs. Lots of sunshine out there. Sunrise officially at 6 12 this morning. So just a few minutes away. Weve already got the bright skies to begin. Morristown 30 degrees for you. Newburgh at 30 degrees. It is chilly. You can take o
Commodities because we are sub 40. It could spell pain to some of the big Mining Companies. What is your breakeven point. They say the breakeven point is 40, for others it is 44. Bhp at 29. That is why they are able to continue. The question here is sam walsh once said at the start of the year that it was fantasyland if it ever made it to 30. Anna lets bring another boy voice into the conversation. Great to see you. Another sign of pain for the mining sector. It has been ongoing for a number of years. You have a dynamic in a large part of the commodity sector. Big, you have the two players who are still quite comfortable. They are not happy, but they are aware that their competitors cannot live down here and potentially at some point they will enable be able to pick them off and a live to fight another day. Manus lets get up to speed now with your first word news. In importsas slump extended to a record 13 months in november and exports fell for a fifth straight month. The import slowd
Dont just keep an i on these stocks. It looks like they are moving higher. Keep an eye on other players in in europe. Market moving onto Anglo American, we are talking about commodities. The slump in commodities across the board, angloamerican holding its investor day today. We might see a statement coming out about now, the investor day happening between 9 00 and 11 00. That stock at the unit doesnt seem to be moving, but it is the second worst performer on the ftse 100 index this year. Just a quick check on commodities. You can see wti and brent both rebounding. Copper though, still down. Those metals, at a sixyear low. Guy we have news. We have news on Anglo American. As we heard earlier on from jesse, the worst kept secret the dividend has been suspended, the second half of 2015 and 2016. There also making an announcement on the structure of the business. Jonathan i think this is interesting, consolidating the business from six businesses to three businesses. I think the dividend n
A good morning. Ou are watching the pulse. We are here in london. I am guy johnson. Let me take you to the bloomberg exclusive. Rosneft hasnt made a has made a huge discovery. Ryan chilcote went to the site and spoke to the rosneft ceo on by asking and started houston they would see production. Production is going to start in 70 years. That is the mid range. Demands faster, we can speed it up. Tell me what price of oil will need for a return . I think it will be enough to provide our company with a stander return. Though feels in use around the world are declining. The oil is high quality. Ae markets should give us kind of price that justifies. Five70 years will be talking around 140 a barrel. Time will tell. Where to go from here . It was a joint project with exxon. U. S. Companiesr is barred from drilling in the arctic. Exxon has to leave from here. We will doext . It on our on. We are not going to stop our work. The projects operator is our joint venture. We are not planning on chan
The surprise the parter of ill gross. Chancellor George Osborne is expected to reveal more pension reforms. We are live at the Party Conference. You are very welcome. I am manus cranny. Lets talk switzerland. Lets talk ubs. A couple of different things. They are changing their share structure. Creating that vehicle gives them two things. It means in times of crisis it would be better to wrap them up. Too big to fail. Important index is how much money, transforming them. They are streaking ahead. Into jumps two months they have done the job many thought they were due in three months. They are going to get lower Capital Requirements as a result. This is where the real lines come in. A are talking about foreign exchange. They are talking about foreign exchange. Are underestimating. Involvent would material penalties. Headlines onaking the foreign exchange. Seek to start settlement talks in the near future. Lets see how the cause comes through. Democracy protesters remain on. He streets mu