Month amid tighter capital controls. Stronger chinese currency and resilient economic growth. Betty looks like were starting the second week in january on a pretty strong note after the jobs report on friday. Great story on the bloomberg talking about the early days in january, how that might indicate markets later in the year, about two thirds of the time the first few days in january are usually deposited pretty positive in the u. S. Market. In 1987, we had the strongest january start to the markets, and you know what happened in 1987. Dark days. I dont know if that is any indication. Yvonne and its a big week when it comes to data from the jobs report, which was a bit of a dud. Inflation seems to be the new jobs report that all of the bond markets and traders are looking at. If we do see this pickup in inflation, what is that going to mean for equity markets . Will we continue the goldilocks scenario as we have been talking about for 2017, that will be key. Betty that goldilocks sce
Briefing you on all you need to know in global news, business and sport. And you can be part of the conversation. With so many gadgets on offer at the ces show that say they will solve all sorts of problems, we are asking what would you Like Technology to do for you . Do get in touch, just use the hashtag bbc the briefing. Theres optimism at the start of the first talks between north and south korea in more than two years. The discussions are limited in scope, but north korea has agreed to send a delegation of high ranking officials, athletes, and a cheering squad, to the Winter Olympics next month. Tensions on the korean peninsular are at their highest in decades, following a series of nuclear and missile tests by pyongyang, and not forgetting the war of words between donald trump and kim jong un. Live now to the seoul in south korea and our correspondent sophie long. Some progress today. Tell us more about these talks. Yes, the meeting has been going on forfour hours about these talk
Rishaad just looking at what is going on, you would think asian equities would be expensive relative to the u. S. They beat the s p 500. I want to bring up this chart. If anything, pricetobook ratio, and forward asiatoearnings spreads, stocks looking more attractive compared to u. S. Counterparts. Those spreads have widened to four. Nus there we have it. The rally could have legs. Fascinating its not just a more by you, but getting cheaper. Have not seen the political dysfunction in Washington Play out when it comes to the markets , and some jitters in the asian session. The last time we had a the lastt shutdown, three times, the s p 500 gained. Three, so wen day not just asian equities, but in the u. S. As well. Decisionsnk dominating the agenda, as well as u. S. Gdp. Sophie kamaruddin joining us now. Jitters. E do have asian stocks kicking off the session subdued. Japanese stocks are slipping as the boj policy decision is due tuesday. Lets check the open. We do have the taiex gaining
Secondquarter revenue, 74. 1 billion. That is the number that we were looking for for revenue. Once again, secondquarter earnings per share one dollar. 74. 1 billion, secondquarter revenue. Scarlet thank you so much for that first read on exxon mobil results. We have alix steel. This is our moment. She is busy looking through all the numbers. This earnings pershare number. Matt versus almost three dollars last year. It is an amazing drop. Alix we do want to hear where the miss actually happened. The common theme for earnings has been production and job cuts. What they do with production is mattering a little less. Can they keep their dividends . Do they have cash flow to cover it . That is the focus. Every quarter, it is usually production, production production. That came in bang in line. Those metrics matter a little more. We are getting a reading on capex comeing in at 8. 3 billion. Scarlet we were talking about production. Why is it significant to meet Production Target . Alix big
Only the second, since the end of the fiveweek shutdown brought on by the debt crisis. Bank shares were pushed to the downward trading limit yesterday of 30 . One analyst said the bailout will not work if greek banks do not bounce back. The greek Banking System is key to getting them back. They have to recapitalize the major banks quickly and they have major problems with their nonperforming. Once you get the greek banks of an lending, there is no hope for the plan to succeed. Erik in the bleak financial picture, the Central Bank Says almost 1. 3 billion has flowed academic countries bank since reopened two weeks ago. Scheier is making an offer in hopes of creating a Biotech Company focused on rare diseases. The price of the about the billion dollars and scheier says that represents premium of 36 and values the target company at more than 45 a share. No deal on the horizon right now and shire it spun off from baxter and they are not talking about the proposal. John cleary is in singapo