Weekend. Greece wants the bailout talks to be done by early tomorrow at the latest. The key date to watch, folks, august 20th that is when greece has a repayment due to the ecb. And gloomy data on trait inflation. Investors show that beijing is about to roll out more stimulus. And watching oil. Prices falling for six straight weeks. Oil slightly low again. The latest lundberg survey shows gas prices down 11 cents over the past two weeks. That puts the National Average for a regular gallon of gasoline at 2. 71. Gas down 81 cents a gallon from last year. The dow and oil have gone in the exact same direction so thats why stock investors should care about oil. You know, its interesting because weve talked so much about how this is a huge tax cut for consumers. You just mentioned prices at the pumps down 11 cents at the pump over the last few weeks. You keep wondering when that payoff hits. We know what its done for highpaying jobs but its been less likely to show up in some of the weaker s
Forward to . Welcome to Bloomberg Markets rules and returns, i am nejra cehic in london. Where we dig into the opportunities for markets around the globe. From mifid ii to doddfrank, we speak to the top newsmakers and Market Participants shaping and reacting to a new generation of rules. Lets kick this show off with etfs. Passive investments are getting a boost in europe. Mifid ii is expected to increase flows from Retail Investors in the u. S. The fiduciary duty and new guidelines will raise their exposure to etfs. To talk about the impact that mifid ii will have on etfs in europe, steven coen at blackrock. Stephen, so great to have you on the program. I have brandnew hot off the press Intelligence Research saying europe etfs may double to 2 trillion in five years on mifid ii. Lets talk about growth. Is that the sort of growth you expect as a result of mifid ii . It is the kind of growth we expect. Mifid ii will play a big part in it. You are seeing as you have over the last two years
Journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You are clearly one of the worlds most Successful Technology investors and one of the worlds most successful businessmen. Let me start by asking you about a fund you are now raising, the vision fund. It is supposed to be a fund of 100 billion . Masayoshi yes. David that would be the biggest fund ever raised. So when you told people you were , going to raise a 100 billion fund did they tell you were a , little bit crazy . Masayoshi some people said. [laughter] david you had a meeting with the matter was the deputy crown prince of saudi arabia who is , now the crown prince of saudi arabia. As i understand the story you , went in and in one hour convinced him to invest 45 billion. Masayoshi no, no, it is not true. David ok. [laughter] 45 minute
Fair. Reporter but what about the details . Tonight a closer look another his pledge and plan. Abandoning the arctic, a major victory for environmentalists, as shell retreats from its bid to drill for oil in the alaskan arctic. Mars not the dry arid planet that we thought of in the past. The extraordinary find on mars as Scientists Say they have discovered flowing rivers on the red planet. We begin with president obama and president putin at the united nations. They just wrapped up their first formal discussions in over a year. It seems their icy relationship shows no sign of thawing. The disagreements were on full display today. Mike viqueira is at any u. N. Tonight. Mike . Reporter you are right. It was a public display of acrimony and diplomacy. They met at the end of the day after duelling speeches at the world body. They went overtime, and now both sides are still struggling to look for a way forward on syria. Amid open antagonism with president putin, president obama was diplomat
The stage that was attacked two weeks ago. Later addressing an unprecedented gathering of some 150 world leaders. Sub merged countries, abandoned cities, fields that noening loer grow, and even more floods of desperate peoples seeking the sanctuary of nations not their own. Reporter the goal is to get nations to set targets. Mr. Obama has pledged to cut u. S. Emissions by 26 to 28 over the next ten years. At the top of the emissions emitter, china. Whos leader has promised to halt emissions by 2030. The two largest economies and carbon emitters in the world. We both determined it is our responsibility to take action. Reporter there was an informal meeting with russian president vladimir putin, and a bilateral meeting with the leader of india, who later touched on a chronic point of disagreement. The responsibility of industrialized nations who have grown rich over time while spewing carbon, to shoulder their share of the burden in cutting back. They also have the most room to make the