hello there. today, eu trade ministers meet with a renewed focus on securing new trade deals. russia s invasion of ukraine make partnerships crucial. the war has exposed supply chains, leading to calls for the eu to look elsewhere for its goods. it wants to spread the risk to diversify into everything from gas to sunflower oil. joining me now is anahita thoms, head of international trade at the law firm baker mckenzie. thank you so much forjoining me. what s the jackpot for the eu in terms of trade? i think there will be a big focus on the backlog, there will be a lot of discussions around the wto reform, but also, low hanging fruit, i think the focus will be on july, new zealand and mexico to try to seal deals there. let s take july, try to seal deals there. let s takejuly, for example. there take july, for example. there are takejuly, for example. there are big hopes we can seal the deal chile. they have lithium in the car industry in germany as well and the european uni
, one of the three softer currencies against the dollar. I wanted to follow the tech selloff. Nasdaq futures are down again. 7 . We have seen that industry continue. Lets get an update and wants making headlines. Emma chandra is here. Am it there is a turn in the tax bill debate and Republican Leaders are scrambling to save the bill. Mitch mcconnell sent lawmakers home last night. They are looking to offset the cost of the measure. While republicans are asking the tax cut not drive up the nations debt. The price of oil is rising after opec will keep production curbs in place. Libya and nigeria have joined the agreement. Opec and allies like russia are trying to reduce global stockpiles. Oil prices are up 20 since september. Parties on both sides of the irish border issued are refusing to compromise. They are trying to deal with the hard border. The eu will not let trade talks continue until there is an agreement. Global news 24 hours a day powered by more than 2600 journalists and anal
Concerns about harsh factory conditions. Yvonne, we know equity markets here in the u. S. Were lower but what has been rising and rising quickly has been s p estimates by analysts. See so many upgrades because of how high the markets have passed the markets have run. I have a chart view that shows this g btv 8902 here is the yellow line here for s p earnings estimates this year. But how they are accelerating and rising given that the bull run, the record bull run we have seen so far, much faster than the s p estimates for 2019 and 2020. It looks behind the curve, perhaps wall street has been to how much tax reform seems to be propelling these markets higher. It is quite rare to actually see these earnings upgrades in the months of january so i guess they are starting to see this windfall when it comes to tax reform. But it was a wall street overnight. First you had down a 26000 and then you had down and you get back to flat and a lot of russians on whether this is a onetime affair or i
Got slammed today with the dow plunging 92 points and the s p sinking 7. 28 and lets go through the biggest episodes of the day to explain this twosided theory and the side that we weighed on the market and the side that we ought to consider. First, theres oil. Right now were at the bottom several times before. Exxon, chevron and royal dutch were negative about the oil markets when they reported last week. Of course i find this somewhat ironic considering that they were positive all of the way down. In fact id say these big integrated oils were depending on a vshaped recovery and a ushaped recovery and now no recovery at all. Normally i would say lets go the other way and be contrarian because if they were way apart, why should i trust them now . Given that they spoke last week theyre taking it pretty seriously and not only that but iran came out and said the moment the sanks are lifted theyll immediately increase output by 500,000 barrels and add another million per day in a month and
How he escaped and hard times for london financial high flyer sentenced to prison for 14 years for manipulating Interest Rates. Good to have you with us. No more can the world say that the u. S. Is not getting serious about Climate Change. Today president obama unvailed his clean power plant which for the first time will severely restrict and reduce carbon emissions. Renew energy laid out by the president as he warned his country not to wait any longer on fighting Climate Change. The move has been welcomed by europe and the u. N. The president declared war on coal. Heres part of what obama had to say. President obama were the first generation to feel climate chat and the last generation to do something about it. And thats why i committed the United States to leading the world on this challenge. That if we dont get it right we may not be able to reverse. And we may not be able to adapt sufficiently. There is such a thing as being too late when it comes to Climate Change. And today were