fell overnight in the united states. you can see the dow and the s&p 500 closing a little higher. in part thanks to the energy sector index which search. production will be cut by i% globally next month when my colleague has more. by 1% globally next month when my colleague has more.- my colleague has more. many anal sts my colleague has more. many analysts believe my colleague has more. many analysts believe that - my colleague has more. many analysts believe that the - my colleague has more. many analysts believe that the cars | analysts believe that the cars coalition really want to keep the price of oil above 8 cents a barrel hovering around 90 cents per barrel. the price of oil has wide ranging imprecations. it would make producing goods more expensive for companies and if priors to stay higherfor a while it would have an impact on the price of gasoline and as many countries are around the world fight inflation, this move by 0pec could make the back for more difficult
Into the white house we look at his plans to improve the us economy. And the latest Growth Figures in china will be scrutinised under worries of a potential trade war. Hello and welcome to Asia Business report. The big day is finally here. Dan norton ups inauguration and the many he is a controversial person to move into the white house and there is a lot of uncertainty as to how presidency will impact the economy. This was the moment democrats hoped would put that in check after financial crisis that led to the worst us recession since the great depression, president obama and the American People were eager to see regulations that would put limits on bad behaviour and prevent us taxpayers from ever having to bail out the banks again. But republicans have been attacking dog frank since its inception saying it has gone too far. Now they are in power, scaling back some of those rules is finally in reach. Bank lending has been impeded. We have practically zero Interest Rate yet gross dome
ministers spike recently. when you speak to ministers privately, they are exasperated by those demands, firstly exasperated by those demands, firstly because of the potential cost of firstly because of the potential cost of them, given that the bill is associated cost of them, given that the bill is associated with the big interventions recently, but also because interventions recently, but also because of that sense that it could because of that sense that it could be counter productive, that if they were be counter productive, that if they were to be counter productive, that if they were to help too much, if you like, it would were to help too much, if you like, it would help fuel inflation, rather than dampening down. that is the very definition of one heck of a political very definition of one heck of a political bind. we will get a sense tomorrow political bind. we will get a sense tomorrow from the prime minister and indeed tomorrow from the prime minister and