From bbc news. As 2016 draws to a close, we are going to look back on a year which featured two events which will shape the Global Economy for decades to come. Yep, this year saw the uk take that momentous decision to leave the European Union. We are going to take a look at what lies in store for the next 12 months. And he did it. The billionaire Businessman Donald Trump wins the race for the white house. He has made some bold announcements, but was it all talk and no action . And, of course, it has been a turbulent year for the global market. Oil prices hit that historic low. There is light at the end of the tunnel, of course, following a Landmark Deal between members of the 0pec countries. And exploding phones, driverless cars, and virtual reality. It has been an eventful 12 months in the world of tech, but what can we look forward to in 2017 . We will speak to our resident gadget guru, rory cellan jones. And, indeed, a very warm welcome to a very Special Edition of business live. Th
Corner. Its something we need to navigate through with a steady hand. The Power Grids Division is delivering, now its up to us to make this sustainable Going Forward. Rio in recovery. The commodity bounce back boosts rio tinto earnings as the mining giant raises its dividend and launches a share buyback. And Fourth Quarter sales miss analyst estimates, difficult Market Conditions are seen in the russian and eastern markets. Well speak to carlsbergs ceo in an hours time, 11 00 a. M. Cet. Hi everybody. Good morning. Glad youre with us on street signs. Just want to get you up to date on whats taking place out of india. The rbi keeping Interest Rates unchanged at 6. 25 . They state uncertainty surrounds the u. S. Economic policies at the moment and that changes theyre changing their stance from neutral to accommodative. 5. 75 , and Growth Prospects for the developing economy is improving. A lot of people are saying the upside in india could be more when looking at some of the emerging Mark
Ford, all of these basically weaker than expected although slightly better than expected for fiat and chrysler. The real concern is when you look at car sales. Were not talking about suvs and pickups. Were talking about car sales. The numbers, thats not a mistake there. That is accurate. Fiat chrysler cars down 39 . Gm down 25 . Same with ford. Toyota, down 15. 9 . What is happening here . A couple things. Moderate gas prices are having an impact. People are saying if i have gas at, what, 2. 32 a gallon on average in this country, hey, its still relatively cleep to where it was a few years ago. As a result, you see people rotating to crossovers, suvs. So when you take a look at the japanese automakers sh the reason were showing you the stocks is because these guys have more exposure to the car market in north america relative to gm, ford, fiat chrysler. Keep in mind, those guys have much greater exposure to trucks and suvs relative to the japanese automakers. Any way you slice it, they
Supply. We speak to the banks ceo, Andrew Kostin at 8 20 a. M. That interview is coming up. Greece is back on the agenda. Im really surprised. Can greece move on without debt anief and since we are at important junction with immigration how does this impact the debt relief issue. Hans that brings us back to berlin. Decide theymerkel can give a little bit of Debt Forgiveness . And then work on something regarding greek refugees. It seems like a much bigger story. When of the interesting aspects of this coverage is that they are so far apart on reforms pension records, tax reforms. They really have a long way to go. Guy the fact that the imf and the leaked document it firmly believes that debt relief is critical. That is right out of the imf playbook. Change at a bunch of factors and one of them is normally eight that really for restructuring. That has not happened this time for greece. The imf is going back to what it does best. Intransigence from europe. We are half an hour away, less
Slack over this. Carson block will join us. General motors cfo Chuck Stephens on the Company Earnings coming up shortly. Payroll this is like friday. It is just under 45 minutes time that we get that decision. In the markets ahead of that decision, futures over in the u. S. Looking at equities in europe, in the u. S. , still positive. A vague lower in europe in the last hour, the dax down by 33 points after a fresh high hours ago. This is the fx market approaching that ecb decision, the euro dollar 113. 12. Earlier on, ugly retail sales from the u. K. , cable did, but now it has come back. We are up on the day by. 3301 . Of 1 . Crude bouncing higher again today by almost. 1 of 1 . Those are some of the market moves. Lets get to matt miller. Matt some company news. American express rising 3 in the premarket. The biggest u. S. Credit card issuer posted a thirdquarter profit that beat analyst estimates. Customers are increasing spending, good news for a company that has been hit recently