Good tuesday morning, welcome to squawk alley, i am Carl Quintanilla well go to bob backish, viacom ceo. Well start with we were delaying its ipo as you know amid questions over its valuation and Corporate Governance lesley pickers has more back at hq what do we have today . We were convene employees for an all handson deck it is unclear exactly what the purpose of this meeting is but most expect to hear more from the status well bring you relevant details as we get them in the meantime i have been chatting with sources on the deal exactly what happened to cause the delay and told they realized based on feedback from investors they needed to sharpen the story, they were not ready to have those conversations with investors on a formal road setting. This delay would give the company time Third Quarter numbers in the marketing we were saying in a statement that expects the deal to be completed by the end of the year the important thing to note on that timing is that if the ipo does not ha
Commodities. Sterling is very much in focus. The pound under some pressure after Boris Johnson was named the new u. K. Prime minister. How much of it period will he have . Can he deliver the brexit by october 31 . We see the aussie dollar at 69. 80. West back bringing forward the rbas next rate cut. They are citing a 0. 5 target for the rba cash rate. We saw a move in bonds, yields are down two basis points. Away from record lows. The kiwi continuing to see weakness today. We might need to go unconventional in policy tools. David we were down as much as one for the 1 . Much as one fourth of 1 . Lows. Off of two month commodities very much in focus for the bloomberg dollar index. A good month against all of g10. Yvonne iron ore, we are watching it down in singapore. Perhaps the imf growth concerns are weighing on them. Oil, continuing higher after we saw the stockpiles in the u. S. Edging lower here. It is up about. 6 . David you dont see it here, we may talk about it today. Beef import
So its. A lot of people if youre. Watching International Live from us with me welcome to the program trade wars and volatility in the gulf leaders of the worlds Major Economies are in the japanese city of. The biggest global issues facing us today as the leaders are lined up for the socalled family photo was accompanied by president putin they briefly exchanged greetings face to face meeting on the sidelines of the summit they last met in the finnish capital helsinki go. Live to. The summit in the following this over the next couple of days bring us up to speed whats happening there right now. The. Talks between the leaders of the 2 big get this nuclear power. Hours on this planet were scheduled for exactly 2 pm osaka time and its now a couple of minutes past 2 pm so the long awaited event is about to start any moment but as youve said weve already seen the 2 leaders together in fact they walked into the room where the g 20 family photos ceremony was taking place side by side and we co
A bid to save the 2015 can it deal. With the top stories in the past 7 days and the latest developments as well this is the week national. And stop donald trump made history on sunday becoming the fossett in u. S. President and north korea he shook hands with kim jong un in the Demilitarized Zone before the 2 meters walked across the demarcation line into the north proposed the meeting just a day in a tweet after speaking for almost an hour and stepping briefly and to south korea and kim hailed it a breakthrough moment since my own. I didnt really expect the spirit of the g. 20 we came over to. We got to. Step. Out of. President trump has just walked across the demarcation line that made him the 1st us president to visit our country i believe just looking at this action this is an expression of his willingness to eliminate the unfortunate past and open a new future. Despite the symbolic top north Korea Remains under total economic blockade due to us that sanctions our Senior Correspond
Called for an urgent deescalation between the United States and iran envoys from the 2 countries addressed the u. N. Security council and seemed in no mood for compromise. Irans defiance of the Security Council and its reckless behavior threatening peace and security globally must not be downplayed in the name of preserving a deal the doesnt fully cut off irans path to a Nuclear Weapon the International Community should also desist against us. If you want. To be governed by the rule of law not power the United States has made clear its willingness to engage in dialogue with iran to negotiate a deal that will better Serve International peace and security we hear certain that nobody is planning a regime change in iran and the same time we hear threats about obliteration and new sanctions are being introduced there were calls that dialogue and then in parallel openly they declared the intention to increase military. Presence in the region such signals which even an experienced cryptologis