Finance committee in about an hour. Well bring it to you live. Plus netflix boom ten years after launching its u. S. Streaming service. Netflix crushes earnings expectations. Not just its largest quarterly subscriber gain in history. And ecb leaving rates unchanged. Nasdaq futures pointing to a mostly flat open but dow on pace to drop for a fifth session in a row. First up, more trump cabinet picks heading to the hill for more confirmation hearings including Steven Mnuchin, president elects choice for secretary treasury to appear before Senate Finance in about an hour. Expected to be grilled on his role overseeing foreclosures while running one west which was indymac, also expected to be asked whether he agrees with weaker dollar policy, a lot to get to today. Look, i was involved with in indy mac, which he bought, people are willing to leave their homes before they leave their cars and it was the most reckless there was and they reamed me on it. And this guy went and bought indy mac a
Backed a cross party amendment saying that ministers should guarantee eu nationals right to stay in the uk. He comes bearing gifts. The Saudi Arabian king riots in indonesia where he is expected to pump money into the countrys oil sector. And the owners of snapchat see their Company Valued at 24 billion in a share sale. Welcome to Asia Business report. It has been a highly anticipated state visit. Saudi Arabias King Salman is in indonesia as part of Multi Stop Tour around asia. The saudi king is expected to announce Investment Deals totalling more than 20 billion. Around 6 billion of that will be pumped into state owned refineries, and it is the second oil deal we over saudi arabia this week. Earlier the country invested 7 billion into a Refinery Project over in malaysia. Saudi arabia is the worlds biggest exporter, much of its crude going to customers in asia. I asked why saudi arabia is so particularly interested in this region. Saudi arabia has a lot of money to throw around. It wou
Freeze. Our road map begins with global volatility continuing. Jim mcgoggin. And apollo and adt are in a deal. And the death of Supreme Court justice ascalia has creatd a firestorm. First up, stock futures jumping sharply. Saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. Crude prices rose off their highs of the morning. Some analysts expected an agreement to cut production. Thats not exactly what were talking about now iran on the tape is saying, maybe, we still want our piece. Thats going to be the question, iran and iraq as well who is also ramping up production to get money, its an expensive fight it has on its hands with isis. Thats the big caveat that Oil Producers will agree. Before this announcement, brent crude was up as much as 5 . Its still higher. The bulls would say, at least were getting diplomacy. This is the first coordinated move that the major producers are doing since the pain began,
And that the President Elect talked about a system where for every new regulation comes in, two have to go away. Im not sure how that works. But something along those lines where new regulations have to be counter weighted with reduction in the overall Regulatory Burden on small companies. Weve seen happen many times a regulation gets put into place and nobodys thought about how its going to affect the Small Business owner. I it may make sense for big business but Small Business gets talking up. You have to have institutional reform so that you force government to do this. Sunsetting regulations, for example. It forces the elected officials to say, does this still make sense . In terms of whats changed in technology and the economy, should we still be doing this . Is this a better way to do it . Look at the cost benefit analysis. Those types of reforms are needed so we bring sanity to the regulatory morass in washington, d. C. Todd, you did a survey about the cost for Small Business
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