Focusing on the hottest commodities with the smartest voices in the business. First, we kick it off with spot on. It is our take on the big story. Its a tale of saudi aramco and chevron. Joining me is our managing editor of energy and of commodities, and rachel in houston. Lets kick it off with aramco. Testing a 2 trillion valuation on thursday, when will we get to know the real market value of the company . Tina weve had two full days of trading now. They went up to their daily limit of 10 and today they went up about 5 . For a few brief hours, they were trading at the magical 2 trillion level. That is the level that the Saudi Crown Prince was looking for. Where do we go from here . Investors have told us they think it will increase by another 10 to 18 in the next week. On the other hand, we got a note today saying get out, its time to sell. Opinions are all over the place. Alix considering the difficulties the crown prince had bringing this close to 2 trillion valuation, its impressi
It. Sure. To cost a lot. To do for. G. W. The for. The u. S. Threatens new tariffs against mexico in a bid to curb by gratian the result so far investors are frightened business groups are furious and a top u. S. Economic priority a new nafta deal is now at risk. Also in the show the u. S. China trade war threatens to retry all long established supply chains well show you why by looking at one of american business. Well tell you why farmers helping to fuel chinas extraordinary coffee are so happy. And qatar hastens to rebuild its image after complaints about dismal and deadly working conditions in its new stadiums for the 2022 world cup. Welcomes your Business Update im Stephen Beard thanks for joining us President Donald Trump says he will levy a 5 percent tariff on all mexican imports unless the country curbs migration across the u. S. Southern border by june 10th a tariff could rise to 25 percent in october mexicos president Andres Manuel Lopez Obrador says he will respond with quot
Its image after complaints about dismal and deadly working conditions and its new mega stadiums for the 2022 world cup. Welcome to your Business Update im Stephen Beard thanks for joining us President Donald Trump says he will levy a 5 percent tariff on all mexican imports unless the country curbs migration across the u. S. Southern border by june 10th the tariff could rise to 25 percent in october mexicos president Andres Manuel Lopez Obrador says he will respond with quote great prudence to trumps latest threat and that it wont stop his country from ratifying the new nafta agreement the u. S. Chamber of commerce americas top business lobby as meanwhile said it is considering legal action to stop the move. And lets take a closer look at this with our financial correspondent yens quarter in new york. How are the markets responding to this news. Well quite allergic hardly anybody here on wall street saw this coming and we saw quite a sell of chips down by a good 350 points ending the we
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Annmarie hordern. Jonathan lets get your week started off the back of a second week of gains out the s p 500. Live from new york city this morning commented morning. This is bloomberg surveillance. Positive by a quarter of 1 . The calendars super late this week for earnings, for data. It is super heavy for fed speak. Check out the fed speak for the week. You will lose count of hanley scheduled speeches there are. The highlight of the new york fed president following a downside surprise on friday on payroll. The question, are we quickly reintroducing summer rate cuts after that jobs data . Lisa if they do, how much to the risk exacerbating some of that volatility weve seen in the markets in a way that isnt can use it to any sort of policy . At what point are they going to risk a credibility cut if they Start Talking about rate cuts after trying to push back so aggressively to weeks ago . Jonathan the favorite quote from citi, summer dovin happened so fast. You can sing that later, im no