The inside track on the big stories of the week with our Business Editor, simon jack looking at the price of oil, brexit and the impact of President Trumps cancelling his uk visit. And as facebook announces its going to make posts from businesses and brands less prominent, today we want to know if you think these changes mean that the social media site is returning to its roots . Let us know. Just use bbcbizlive. Hello and welcome to business live. We start here in the uk where tomorrow will see the start of a revolution in the way we manage our money. Its known as open banking and it will soon be rolled out across europe, giving more power to customers and potentially weakening the power of the banks. So what is it . At the moment your Financial Data is held by your bank. But under new rules, ownership of this data will be transferred to the consumer. This will allow you to share it with other companies to see if they can give you a better deal on anything from overdrafts to mortgages
Sara eisen on this friday. Tgif. Thank goodness. Great day yesterday we were up 0. 8 for the major indices. Transports yesterday, the russell index, Smaller Companies up 1. 7 that positive momentum continuing, up 100 points on the dow this morning lets have a quick look at the euro popping on news that german lawmakers reached a break through in talks to form a new government the euro had a good session yesterday as well. That was off the back of ecb minutes. But todays move off the back of that german political news up to 1. 2121, thats a high we have not seen since december 2014 joining us is willem marx from london with more so, essentially whats happened here is the spd and the cdu have agreed that there will be a coalition they had a media blackout for the last five days over these preliminary talks. Were getting a slew of headlines now coming out of those discussions. Those include a lot of the spd wish list items they have been pushing for. Angela merkels party and her sister pa
Up another, what, 60, 70, 80 as of this morning. By the time we open, the dow will be, what, about 300 points away from 26,000, another milestone. Heres that big number, put it up again, please. The value of all stocks has now gone up 7. 6 trillion since the election. And more companies are giving employee bonuses because of the tax cut. Fiat chrysler and capital one are among the 14 companies to join the list in the last 24 hours. All right. Jpmorgans chief, jamie dimon, he says tax reform is a significant, positive outcome for the country. In other words, we aint seen nothing yet. Hes americas top banker. Weve got to get to politics. Dueling comments. A vulgarity from the president thrown right into the immigration debate. Thats not going down well. A raciallycharged comment from nancy pelosi, five white guys are deciding immigration policy, she says. The multimillionaire, pelosi, also says those bonuses are pathetic crumbs. [laughter] sit back, folks. Were on a roll. Money and polit
Bill unless they get a clean immigration fix which will not happen. Does that mean were heading for a Government Shutdown . Well ask arizona congresswoman martha mcsally. Were following a story about the russia dossier. Congressman ron desantis told me yesterday, he has requested to declassify all documents every single one related to the dossier. He wants to know if the fbi used the fake document to launch surveillance on the trump campaign. Well have more in a few moments. Adam shapiro on capitol hill, with very latest on immigration battle, a battle it is. Adam. Reporter its a battle on immigration. Republicans are trying to figure out how to navigate this because if you do the calculus, the funding resolution, continuing resolution would not pass likely without democrats. Paul ryan may have to do a deal with democrats on immigration and daca. Here is what the president tweeted out recently. Statement by me last night in florida, honestly i dont think democrats want to make a deal.
All of our kids are hard workers, right . They work, and we love to see it, and theyre doing a terrific job for our country. Ive come to the great city of pittsburgh to stand with people, and those people are incredible workers, and to show the world that america is back, and that we are coming back bigger and better and stronger than ever before, and were making our own product again, and were opening up our factories again. [cheers and applause] i mean, you take a look at whats going on where toyota is coming in and the other day you saw chrysler announce theyre moving from mexico back to michigan. You dont hear that too often. [cheers and applause] with a big, big, monster factory. Going to spend a lot of money. A the center of americas resurgence are the massive tax cuts that i just signed into law, and its also reform, but i usually just say tax cuts. People dont want to hear about the reform. Believe me, the reform is very important, we dont have to go into it. But the tax cuts a