This is the company we are keeping an eye on. We understand that net income acmcame in better than expected. We are trying to figure out exactly what they do next, but results seem to be pretty good, well ahead of estimates. I am looking at many things, but overall, global stocks are extending declines and we are seeing this risk reversal permeating through a lot of the asset classes. Gold, up a patch. Then, you have the eurodollar at 1. 1841. The topix, in asia, its retreating for a fifth day. Lets get to the bloomberg first word news. Revivingslowdown is fears over a glut in raw materials. The bloomberg Commodity Index extended declines. The fall has been exacerbated by concern that demand will weaken a china bounceback amid a pledge by president xi jinping to focus on the quality of expansion, rather than the pace. Nickel, iron ore dropped. Zimbabwe, mnangawa is stepping down and negotiating for his wife to leave the country. In a televised address, Major General says he will guaran
Ford. You got to try to figure out i know david is completely driven by this idea of the driverless car. Well, were going to be in one, but we wont be driving. Jim, were going to get a lot with you in a few moments. In the meantime stocks are up three or four sessions, but a lot of bets may be held today as we await the brexit vote tomorrow. Europe relatively steady, a lot of earnings to get to and by the way oil did reclaim 50. Road map begins with the countdown to brexit. Were live in london with the latest on which way it could go and how Global Markets are reacting. Teslas offering to buy solar city, the price tag about 2. 8 billion. Were going to get elon musks take on whats really behind this offer. And shares of fed ex sinking after earnings. Well break down the numbers you need to know. But first up ahead of tomorrows uk referendum on eu membership, a number of polls have the outcome as too close to call. Wall street will also focus on day two of fed chair yellens capitol hill
Commodities because we are sub 40. It could spell pain to some of the big Mining Companies. What is your breakeven point. They say the breakeven point is 40, for others it is 44. Bhp at 29. That is why they are able to continue. The question here is sam walsh once said at the start of the year that it was fantasyland if it ever made it to 30. Anna lets bring another boy voice into the conversation. Great to see you. Another sign of pain for the mining sector. It has been ongoing for a number of years. You have a dynamic in a large part of the commodity sector. Big, you have the two players who are still quite comfortable. They are not happy, but they are aware that their competitors cannot live down here and potentially at some point they will enable be able to pick them off and a live to fight another day. Manus lets get up to speed now with your first word news. In importsas slump extended to a record 13 months in november and exports fell for a fifth straight month. The import slowd