That continues to decrease as gold and other assets move higher. A big deal today, allergan up theon the neil that on news that abbvie will buy it. 20 is not as much as the 45 premium that abbvie is offering. Hsbcs ceost guy john flint weighing in on President Trumps trade war with china. Take a listen. When we get past trade, i think it is clear that there is a broader desire to see china contained in some way. I think we will move into a chapter that covers technology, and maybe bifurcation of technology and technology standards. Guy containment. Havent heard that in a while. We are joined by john rochester, nomura asset strategy. Does trump do a sort of kim jongun and walk away . It could go that way. The market is not expecting that, so that is a long dollar trade. In essence, holding long dollar is the better choice of the two because since last tuesday when we had the news of the beating between the two sides, we have , the feddollars often now having 95 basis points in cuts pric
Effectively been steering opec policy in consultation with russia russia is not an opec member but is attending the meeting as part of the opec plus alliance irans oil minister hinted at some of the growing tensions around the cartels de facto Decision Making methods mr big john zangana a warned of what he called the problem of unilateral a zation and more gravely said opec quote has lost its authority and is on the verge of collapse. Oil prices are up as opec and its allies agree to extend supply cuts to at least the end of this year what could have been a hurdle in the decision on iran agreed to the production deal but the country has voiced concern over the current dynamics within opec alex mailed its joins us into war alex 1st of all tell us about this opec decision what do we need to know. Also a lot of what you mention is true when it comes to Decision Making here we look at saudi arabia as well as russia making decisions now that the decision was backed by iraq and also as you j
Effectively been steering opec policy in consultation with russia russia is not an opec member but is attending the meeting as part of the opec plus alliance or winds oil minister hinted at some of the growing tensions around the cartels de facto Decision Making methods mr big john zangana a warned of what he called the problem of unilateral a zation and more gravely said opec quote has lost its authority and is on the verge of collapse. Oil prices are up as opec and its allies agree to extend supply cuts to at least the end of this year what could have been a hurdle in the decision on iran agreed to the production deal but the country has voiced concern over the current dynamics within opec alex mailed its joins us in to watch alex 1st of all tell us about this opec decision what do we need to know. Also a lot of what you mentioned is true when it comes to Decision Making here we look at saudi arabia as well as russia making the decisions now that the decision was backed by iraq and a
A lot of what you mentioned is true when it comes to Decision Making here we look at saudi arabia as well as russia making the decisions now that the decision was backed by iraq and also as you just mentioned iran and they put their 0. 02 and they said you know were going to back this even if were not friends with saudi arabia this is something that we could definitely go for for the next 9 months or so busy and its just an extension of something thats been going on since 2017 we know that these cuts have been in place for quite a while now the prices Oil Prices Going up this actually gave a bit of a boost oil prices but not for long because theres other factors that are in play right now including the fact that the u. S. Is producing more oil than ever so it is theyre pumping it out more than anybody else and theyre not a part of opec as well as the fact that we still have that trade dispute going on between china and the u. S. Which of course production is down so people are using oi
Gone for the Aerospace Giant as the problems continue to pile up molly barrows of americas lawyer standing by to take us through the turbulent by the air giant at a packed show today so lets go and dive right in. An opec plus deal before the opec meeting brings leads our global report today as russia and saudi arabia announce an agreement to extend oil supply in cuts russian president Vladimir Putin and Saudi Crown Prince mohammed bin solemn on meeting at the g. 20 summit in osaka japan announced the agreement to support an extension of previously agreed production pullbacks mr putin indicated that the length of the extension could be 6 or 9 months seeming to leave that important detail to be resolved at the meeting of the organ in the organization of Petroleum Exporting countries which formally begins on monday in vienna opec member saudi arabia has effectively been steering opec policy in consultation with russia russia is not an opec member. But is attending the meeting as part of t