Its100 years since women were allowed tojoin its100 years since women were allowed to join the uk armed forces. We found out what has changed between their women who served them and those who serve now. Good morning. Its friday 7th july. Im annita mcveigh. Welcome to bbc newsroom live. President trump has met russias president Vladimir Putin face to face for the first time. The two leaders shook hands at the 620 summit in the german city of hamburg. They are due to hold further talks later. Ros atkins is in hamburg. Welcome to the vast Conference Centre in hamburg, where the g20s summit is taking place. The leaders are here and ready to start negotiations, moving to what they hope will be a communique on saturday afternoon with commitments on some of the most pressing issues oui on some of the most pressing issues our world is facing. There had been broke out last night and into this morning. The German Authorities are telling us that over 70 Police Officers have been injured in the la
Sprint sounding out of b about a story here on fs munz last night, reaching out directly to me, of all people. What got him so riled up first, we start off with the big story on shares of tesla revving up following its Earnings Report weve got full Team Coverage gene is back with us out in detroit today getting ready to listen to the Conference Call in just about 30 minutes. Well check in with him. Phil is in chicago dig iging through the earn x report that just crosseded and phil, you had to read the shareholder letter, investor letter and to me, they addressed the issue of cannib cannibalization and cash flow. Which i think were top of mind for investors. Right well talk about that cannibalization because theres been so much speculation that as the model 3 came out with some strong reviews that people would say, look ill get the model 3 for half the price of a model s. Thats been a concern for tesla for some time. When you look at how the company did in terms of the Second Quarter an
Sun. Astronomers have called the socalled xo planets exo planets [inaudible] this is bloomberg. Cory this is bloomberg technology. The roadshow rolls into new york and is facing a slow of a slew of investor concerns. What investors are saying ahead. Over goes into damage control. We will look at allegations of Sexual Harassment and gender dissemination. 350 million compromise. We will look at the new terms of a verizon yahoo deal. First, to the lead. Snap kicking off its first u. S. Investor roadshow in new york to with a plan to ipo next work. Slower usingd engagement and the euclid and uniquely week shareholder rights. Up with sean steeple who attended the roadshow. I think you have to justify the valuation. The questions are around user growth as well as monetization. I think they dance around the issue of user growth alluding to issues with the android and monetization, they touched on lightly but certainly as the story progresses and as this valuation, you will need to see more me
Well hear from him later this hour. First we start with a crude crush. Oil down, having its worst day in more than a year. Sinking to its lowest level. It came in quadruple of in what it expected. The dow s p and russell all ending the day lower with tonight nasdaq closing slightly higher. Is the crude decline the first real crack in the trump trade . What do you say . No. The crude crack trump trade bond bash, we love alliteration today. The crude crash, for two months weve been at record longs. You have a lot of reasons why guy should be skittish. Nigeria is coming back online much more than expected. Iraq will be 5 Million Barrels by the second half of the year. And we have the number for oil. I would not be spritssed to see oil pack at least half these losses tomorrow. This is not the time to jump out the window. There are a lot of comments. Why today . We have other two months of inventory built. We know we have the record longs. It was the Saudi Oil Minister who came out and said
If you think back february 1st, 2006, then president bush talked about america being addicted to oil. We talked about the possibilities for energy independence. 2013, we now export more than we import. Why . Its all about u. S. Shale production. Its about fracking, it is about something that is never going to reverse itself and change, scott. Theres a tremendous amount of domestic oil here. Nonopec production is really not in compliance right now. Were not surprised by this at all. And it was telegraphed at the beginning of the year in the Energy Equity markets. Does it bleed through and impact equities, themselves . Yes, it does, if you get below 40. But i think in the 40s, were okay. Boy, steve, we were just talking not that long ago, wondering if it was go maybe to 60. The head of saudi aramco over in houston with Brian Sullivan this week saying that the worst was over. I asked you yesterday, pointblank, if oil does drop below 50, do we have a problem for stocks. Now that it has, wh