A varitek on a bid on bio technique and treatment. Ocado, oh canada. The retailer pushing it sending shares to the top of the european market. We talk to the ceo of Ocado Solutions in just a moment and no deal. The u. S. Senators remain shut. Its still not clear if theres enough support for it to pass. And our session across europe, we can now see a little bit more red on the board than green. Pretty flat open so far. The stoxx 600 flat right now as we look tesk at the effectsf driving that in the markets. Looks like energy stock is doing well, up over 0. Fi75 . Telecom looking tour pretty strong so far this morning with travel and ledger down 1 travel is not doing particularly well lets talk one big story ocado shares sending the market higher to develop its Online Grocery business the agreement with the second largest canada food retailer comes as there are opportunities in the north and American Market the ceo of ocado joining us in the study know lets talk about north america canad
Good morning, ayman. A lot of tense issues. Including the fact this is a president who has been willing to tweet very critical, including nordstroms and the decide to put from that outlet. Thats been a controversy. The retailers here didnt want to talk about that this morning, and you heard the reporters there at the end try to get an answer from the president on this issue of russian espionage contacts by his campaign which was reported in New York Times this morning. The president clearly didnt want to talk about that. He wanted to focus on the jobs report, the stock market. As well as what hes cattle the job crazy efforts. All those to beics here front of mind for this president. Well come back to you in the nottoodistant future. Anchts we are waiting for the retail cos to make that you are way over to the capitol hill after they wrap up the meeting. Here is a full list of were expecting, from the heads of autozone, tractor supply, joann fabrication, gap, j. C. Penney, with several
How we get there and the speed and trajectory, that is where the confusion is now. Officials are talking about the possibility of a rate hike. Richard clarida will be here to help us break it all down. After a dramatic week, the dollar index is still slightly higher but a threeweek low. Own, and nomc job one knows what they are talking about, futures negative the dax is down 6 10 of 1 . The ftse 100 down one third of 1 . The bloomberg dollar index up about one half of 1 . You are seeing this more acutely against the commodity commodities currencies. Far, week for crude so potentially on wti the biggest and smart as we reenter a bull market. On the back of dollar strength, some crude weakness, the dollar index down by 6 10 of 1 . Yields creeping higher on the belly of the curve of treasuries , up 2 10 of 1 . A lot to discuss so far this week, a Big Conversation over the fomc pivoting forward to the speech that friday. Alix who is going to want to take big positions ahead of Janet Yellen
Opec meeting but production levels are set to remain unchanged despite talk that saudi was pushing for some form of production cuts. Uber launching another funding round that could value the company at 64. 5 billion. This makes them worth more than 80 of the s p 500 companies. A very good morning to you. Oil prices are treading water ahead of todays opec meeting in vienna. Steve is there with an update. Thank you. Dont worry if i appear d distracted. Another minister coming in to the meeting. The iranians already arrived and this could be an incredibly contentious meeting despite the fact that were not expecting a change in production levels. 30 Million Barrels a day is what the group says it produces but it actually produces around 31. 5 Million Barrels a day and people are concerned theyre creating some form of disequilibrium in the market creating an oversupply on the market here at opec and globally as well which is driving prices ever lower as well. Theres doomsday scenarios in te
People over 50, the vaccine was 14 effective. The flu has mutated since the vaccine was created and manufactured. Radioshack preparing to file for bankruptcy. It could come as early as next month. Radioshack is also talking about sprint, the wireless carrier leasing some of radioshacks stores. Chinese uber competitor raised 600 million in funding, with existing shareholders ali baba and Tiger Global Management taking part. It is now valued at 2 billion. In china, upstart phone maker xiaomi is known for one thing, cheap phones. Now the upstart is jumping into the higher end market, taking direct aim at samsung and apple. Xiaomi Just Announced their biggest and most expensive smartphones for 371. That makes it a tad bigger, a little thinner, and a lot less expensive than the iphone 6 . Here is xiaomis ceo in beijing. We are lighter, thinner narrower, and shorter than the iphone 6 , but we have a bigger screen, all without impacting function, performance, or design. But is this a risky mo