For a good and to phase one talks between the us and china on trade. Its the worlds most Profitable Company and now the oil producer aramco is set to go public. Regulators in saudi arabia have given the go ahead for part of the state owned company to be listed on the Riyadh Stock Exchange in what could be the worlds biggest initial public offering. Our Business Correspondent Katie Prescott reports. Saudi arabia produces one tenth of the worlds oil. Managing that makes this very Unusual Company the most profitable in the world. This flotation has been years in the pipeline. We are the leading company when it comes to energy. We have the highest numbers of reserves, well managed reserves. We are, when it comes to conventional production, we are a major player when it comes to gas and in terms of sharing it with the west of the world, i am sure it will be a positive outcome for the company and we are looking forward to that. The aim is to diversify the saudi economy away from a dependence
Greenhouse gas emissions. Also in the programme what if you lived in the most polluted city on the planet . In delhi, authorities have had to curb cars on the road to protect citizens. Well go live to the city. And the worlds Biggest Company youve never heard of. Aramco is listing today and we will find out more about that. And well be getting the inside track on the business of babies and the disruptors in the fertility sector helping those facing difficulty in conceiving a child. And are you dating a colleague . Mcanalds boss loses hisjob over it. We want to know is a workplace relationship worth it . Appropriate, or inappropriate . Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. We would love to hear your stories and we will report some of them later. That first, tourism. Its one of the worlds biggest industries, providing valuable income and jobs around the globe. But its facing an uncertain World Economy and increasing pressure to clean up its environm
Nasdaq advancing 6 . But we didnt get what we need, which is another reason to buy stocks here. This morning and last night i went over about 300 different stocks, 300, with an eye to finding new names to introduce to the actionalerts. Com club every month i give a talk where try to offer club members at least one new compelling idea. And you know what . How many did i find out of the 300 . Four yeah, thats right only four stocks only four out of 300 passed my test why am i being so selective . Let me walk you through whats worth buying in this treacherous moment first, i dont need stocks that need a trade deal to go higher as the trade talks with china drag on, the list of casualties grows longer and longer. Earlier this week we spoke to the longtime ceo of Emerson Electric he knows more than all of us i think he might be willing to break up the business, literally split it in half i love breakups. They tend to be fabulous for shareholders but does that mean you can buy the stock of e
Within reach stocks set for a higher open bullard still sounding the alarm for the economy and manufacturing. Apples moment of truth, the iphone 11 hits stores globally will it move the needle for investors . And washington versus big tech, Mark Zuckerberg meeting face to face with some of his harshest critics on capitol hill, including a surprise trip to the white house s p is aiming for a fourth straight day of gains as we wrap up the week. Volatility could be in the mix, given it is quad witching friday you got two fed president s making the case, rosengren thinks the fed should have held steady, bullard pushed for 50 basis points well see what clarida tells sara eisen in an hour. When you look at what u. S. Steel said yesterday, i know u. S. Steel isnt a big market cap what it said about the economy and steel case, very good, versus Herman Miller very good, Big Industrial just not doing well i think that it depends upon who you look at, like, i think bullard looks at everything. I
Pete said, better to be late and right then open up early and have the market start mismatched. David pretty good for journalism, too. Taylor it keeps us employed. Lets take a look at the markets. It has been a wild week. To comeready for alix back because i still need to recover from this. We are finally getting a bit of a lift with equity markets. Sort of recovering after a day of relief yesterday as well. 1. 50 percentow yesterday, recovering to 1. 55 . Year briefly hit negative on the 10 year at a record. At eurodollar. Not only is this a Dollar Strength story, this is a Euro Weakness to 1079. We are weaker on euro to 1. 1079. We are weaker on euro. David that looks pretty good to me. Taylor lets get a bloomberg first take. We are joined by bloombergs rachel evans and Brooke Sutherland. I just want to recap what a week this has been in the markets. Take a look. David and i were talking about the 10 year and 30 year bond yields, down 25 basis points alone for the week. Rachel, youve