Profit that Beat Estimates. The world passes largest retailer in the u. S. Raised its fullyear forecast. We will talk about what this means for housing and the u. S. Economy later in the program. And Standard Chartered is settling claims of new york regulators over failure to flag potential Money Laundering of its clients. It may have to pay 300 million and will likely once again get a stern talking to. Lets get back to bhps spinoff announcement. We are joined with details. Tell us about the biggest spinoff in mining history. Why now . Question. A key this could represent the end of the commodities super cycle. That is the first sign of it. Capital bhps return on two years later, 13 in just two years. The reason why you can now argue the assets are finally cash flow positive, they are expecting prices to rise somewhat, metal could also rise, you could argue they are valued about 15,000. Not the worst time to do it. What this winds up reflecting is how horrible the Mining Industry then
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