New delhi and thats by union. Oneill is right now and im a special roof top studio presenting now for the official kick off. For this is g 20 summit. Its so good to have you with us the. Its a very warm welcome to you daily. It is just after 9 am here in the indian capital. That is the moment the country has been at waiting for for years. It will only last a weekend, but theyre hoping thats what comes out of this. The Indian Government is going to last for years, going in to the future. Lets just go through watts at stake. The big template. What is on the agenda over the next 48 hours . Well, the club of 20 nations plus 9 special gas will address Global Economic issues, the development of the global side, as well as other t a firs on the international agenda. Now there is much discussion about whether this is one of the key points probably touched on early today. Whether the African Union will become a new member of the g. 20 club of nations of Prime Minister moody, addressing 20 leade
Let us quickly check on the markets. Quite a lot going on. I am looking at the stoxx 600 in europe which is gaining a touch on the backs of gains in Energy Companies and a bullish outlook from one of the sectors bellwether. Looking at the dollar. And the fed and what we will hear from powell. Therude oil including impact of the opec meeting. We need to wait a little more to see how long we will cut production. A lineup our lineup today is looking pretty good. We feature some of the top names in banking and economics including Tidjane Thiam. We speak strategy and outlook on the Global Economy. And jim oneill. He speaks u. K. And emerging markets. Later, we will also speak with John Studzinski from blackstone. Let us get straight to the bloomberg first word news. Nejra in the u. S. , the Senate Tax Bill is headed for a debate. Should it pass, Republican Leaders will have to hammer out a compromise. Two republican members of the senate what your say they may not agree to vote the measure
60 points after the dow closed at a record level yesterday. The s p closed lower yesterday all the major averages moved off the highs of the session this morning the s p is indicated up by 5 points the nasdaq up by 10. This came after the feds decision and after if looked clear that Republican Leaders reached an agreement, at least in principle, on where theyre headed with the tax bill well talk more about that green arrows across the board this morning in asia, the nikkei looked like it was down by a quarter percentage point similar declines for the hang seng and shanghai. This morning in europe, with some of the early trading, you will see that there are some declines across the board. The biggest loser is the dax down by a half percentage point. Cac in france is down by 0. 4 . We have the bank of england and the ecb going to be releasing some policy statements today check out crude oil prices which were lower yesterday crude oil at 56. 59 couple of big economic reports on the agenda
Critically helping sentiment, china stocks recording their biggest twoday gain in seven years. A number of stocks there are still halted. Weve got the Portfolio Manager for fidelitys 2 billion china fund coming up. He says there are a lot of opportunities in the china market right now. Well tell you where. The latest data show the pc market is just getting clobbered. Its dying yet again. Could microsoft have a plan to revitalize that sector . Thats coming up. Also a new bill that could help patients get their treatments faster but at what cost . Well break down the fight brewing between Pharma Companies and doctors coming up. Troubling reports out today. Lets begin with greeces bailout and reaction from germany. Our reporters are still on the scene. Chief International Correspondent michelle cruisae a carusocabrera live in athens and Steve Liesman in frankfurt. There is new controversy around greeces former finance minister. He cannot stay out of the headlines even though he is no long
Multifaceted manufacturer. Bottom line there are not many options for folks like you and me. Stuart neil, i believe i have been ambushed. It is neil by the way, kiss your tax cut goodbye. Well have more on that. I just love doing that. The snap ipo apparently a huge deal here. And i know my teenage sons are into this and drawing little funny faces and awe, but do you put a multibilliondollar value for technology that can do that or glasses that can record video for 10 seconds . That is up to you. That is your call. This burgeoning audience what might be out there for young people like Nicole Petallides and her kids . It is what it is. A sensation today. Nicole on floor of the New York Stock Exchange. With the very latest. Hey, nicole. Neil, unbelievable. A great ipo. You cant deny the facts. The facts are the stock is up 47 . Despite the fact there was so much caution and snap doesnt turn a profit. It is hot with the kids. You had evan spiegel, bobby murphy, the cofounders, spiegel, ca