You are watching the pulse. Im guy johnson. Francine is in the building, just not on set. She will be back. Lets get straight to our top story. Oil trading at the lowest level in four years. This the day before opec meets in vienna. A deal to cut output looks increasingly unlikely. Saudi arabias oil minister has said that tumbling prices will stabilize and there is no need to reduce production. Nexen go, venezuela and russia have als decided not to take action. The boss of rosneft has the same view. He has been speaking to Ryan Chilcote in an exclusive interview. He says his country can 60 aand prices as low as barrel. We decided to monitor oil prices over the next year. Possibly everything is necessary. Industry was privatized a long time ago. Owners andrivate peculiarities to working in russia. Like the climate and logistics. Russias Oil Producers will. Eact to market demand efficiency is the main factor of determining market supply. If the demand and the price are adequate to the am
Francine lacqua is off today. She will be back in the new year. Lithuaniahave we got, preparing to join the euro. We are going to speak to the lithuanian finance minister. Is his country ready for the move . We are going to find out. Over theing to talk next few minutes about the a350. What is the a350 . Compositee new have aluminum aircraft from airbus. With designed to compete the 787. It is super efficient compared with its predecessors. Qatar airways is the launch customer. I was talking to Fabrice Bregier about this airplane. He has high hopes for it. This aircraft is sold out. Despite the fact that oil prices are lower, airlines still very much want this airplane. It makes a big difference. Oil prices are down but if you can still fly the most efficient airplane, you can offer the cheapest tickets. In a few minutes, we are going to speak to the boss of Qatar Airways. Looking forward to that conversation. Let me update you on the markets. It is monday morning in the week before ch
A number of hostages in a popular cafe. Bureau,our Bloomberg Paul allen is covering events for us. What more do we know . There have been a few developments since last we spoke. The police have pushed their street,ack to hunter the block our building is on. You can see the high shot taken out of the window of our building. Building, you can see, is not a cafe. The cafe it self is about a further 100 meters up the road to the left. This is right across the street from the reserve bank of australia and directly across the plaza from channel 7, which has also been evacuated. Hourer development at this is the number of people inside the building. We have been saying it is believed to be up to 20. We have since spoken to the ceo of lindt australia and he said there were 10 working at the time and could be up to 30 customers. There could be up to 40, but that has not been confirmed by the police or any other agency. We have seen pictures of people with their hands up against the window. Two
Into the final hour of trade here. Thats the case with the Dow Jones Industrial average and seems like a distant memory. That was just december 5th and almost touched that level and now back towards the 17,000 mark. S p today giving up 8 points and nasdaq off about 37. Oil itself touched new fiveyear low. Were wreaking havoc with the producer. Theres oil. Not much of a bounce there. Now 55. 51 and set the new lows again. Settling down about 3 and since as you can see down 4 continuing to trading and as you know to defy expectations of everybody who wants so december pra desperately to do the bottom picking. A fed meeting starting wednesday. And a lot to get to. Janelle nelson with us. Sam stoval. Daryl kronk. Peter anderson. And our own Rick Santelli joins us from chicago per tradition, as well. Sam, whens the target you guys at s p capital iq have for the s p for the following 12 months . Well, bill, our target is 2250 on the s p 500. Are you changing that as a result of whats going o
The future in china is blurry, but the stock is sent to the top of the stoxx 600. And u. S. Criticizes the use of google as lawmakers get set on a landmark proposal to break up the Search Engine in europe. Announcer youre watching Worldwide Exchange, bringing you Business News around the globe. Hi, everybody. Welcome to Worldwide Exchange. Weve got two hours together. I think its fit to go recap the days with us. Youve got the german november seemingly adjusted jobless rate, 6. 6 now. Thats after revised 6. 6 seen back in october. Youre looking at the november seasonally adjusted jobless change compared with the reuters forecast to a drop of 4,000, the seasonally adjusted total at minus 14,000 to just shy of 2. 875. So that figure having hit here in the last couple of minutes or so. Were just seeing the euro on the back of this. Weve been hanging on to that 1. 24 1. 25 area. Looking at what the policymakers are saying ahead of next weeks meeting. And its important to note germany does