Desk where matt miller has the latest. what an exciting day. North americaati will bring his brandnew bike. The major indexes. Not a lot of movement. The affinity of three points. Dow jones up about 34 right now. Was very dramatic this morning. Just like Tuesday Morning we saw a huge drop. About an hour later. Now available come back. 36. 5 for a while. Very exciting. Look at the seasonal picture of oil. It is a great way to look at a commodity and index for how is performed seasonally. You can see we got crushed in a oil attribute at 160 per barrel after it peaked. We did not see that until last year. Asterisk this a horrible drop. This year looking at an 11 drop, and only number 10. Very interest in move. The saudis and iranians to try to produce each other out of business. Look at natural gas. Initially did not come down with oil and then move down. We have still been it down. Not gas stock has not moved down as much. Oil stock has not moved down that much either. Take a look at the
And government spending, offsetting a slowdown in exports. Of course, that is caused by the deteriorating global trade environment. That comes back to china. Ty a good explainer there but wow. What a story with Anglo American today. The last time Anglo American it scrapped its dividends was in 2009. Shares of 70 , today was not as. Ad, down by 11 but they are at a record low. They have sunk 70 this year. All of these Mining Companies are desperately trying to counter the slump in commodities, which as you know, they have slumped to the low was level since 1999. Anglo american is scrapping 85,000 jobs, two thirds of its workforce. Look at the shares, down by 11 . All of the miners are getting hammered today. An incredible story. We will have more on that in our bloomberg reporter in a little bit. Lets check the first word news. Courtney donohoe has more. Courtney we had two friends first. The rock band that was on stage the night the terrorists attacks in paris have returned. They made
We are watching the Worlds Largest jewelry maker. The latest trading figures. Welcome to countdown. I am mark barton. I am anna edwards. I am manus cranny. The start of the program and our top story. In an exclusive russias finance minister says the country is heading that way didnt recession if oil stays at around 45 a barrel. The rush is headed into a recession if oil stays at around 45 a barrel in the Current Situation and talking about 45 per barrel and expected activity for all year long and expect that to be for all year long. Is 45 a barrel what youre working on now . Is one of the possible scenarios. A possible scenario that generally that should be a little bit higher. In case it would be the price the decline would be between 4 5 . How long do you see a recession lasting . It is dependent on the global market. [indiscernible] a positive gdp performance. What does the price of oil stays low around 45 beyond this year . Something like 170 billion [indiscernible] now its somethi
Very exciting show today. Im Stephanie Ruhle. You are watching market makers. Erik schatzker is on assignment. Bloomberg press contributing editor William Cohan is here. Tell us what you did yesterday . I had a little visit with jamie dimon. We can layer it in as we talk about bank profit. Would you say he is doing great, good, not so hot, crapola . I think he is doing amazingly well given what he has been through. Amazingly well given what he has been through. I want to take you through the top Global Business stories of the morning. No one thought retail sales would be this bad. Sales were down 0. 9 in the month of december, the most in almost a year. That is almost twice as large as the most pessimistic estimate. Another big drop for copper today. The metal fell almost 6 . The main reason is slowing demand from china. The bloomberg Commodity Index is now at a 12 year low. Oils losing streak has now stretched to four days. You thought i was going to say it turned around. It has not.
A watershed station in attempts to bring abusive priests to justice oconnors in australia orders Cardinal George pell to stand trial on charges of sexual abuse of else a third most senior figure in the Catholic Church is pleading not guilty also is really pretty minister Benjamin Netanyahu accuses iran of not complying with the nuclear deal but provides no evidence of noncompliance since a deal came into effect with no smoking gun and critics are questioning his timing and im buying music face an uphill battle against our young madrid in the Champions League they have just ninety minutes to turn the semifinal tie around or risk their treble dreams ending in tatters. Odds. Great to have. Long everyone on leyla iraq we start our broadcast in armenia that countrys political crisis has just deepened this evening the parliament rejected Opposition Leader nichol pasha and for Prime Minister after the ruling party refused to back him he was the only candidate for the job on has been addressin