Authorities are on high alert after the military killed 53 people in an earlymorning raid close to the libyan border. Anchor european rea leaders are offering a new deal with turkey in an effort to stem the flow of migrants. Returning migrants theyve made it from turkey to greece back to turkish soil. Eu was offering to take in people with concerned refugee status. The European Parliament president. We must show the traffickers and also so the refugees that it doesnt make sense to board the transport to get into Registration Centers that they will also have in turkey in the future. Them a realve chance to be protected. And resettled. But not by handing over your fate to these criminals. Anchor he is at the summit in brussels. Will be coming today. They are hoping to get one soon. That is a possibility. We are hearing that negotiations have hit a snag. The 28 leaders of the union along with the Prime Minister of turkey have been negotiating and discussing this plan put forward by turkey
Selloff coming out of the united states. This mixill throw into as well what has come out and the last hour from carl icahn. Interesting to see him backing trump. Inis a guy well followed terms of his views around the markets and have Central Banks and governments influence those markets. This is what he had to say in the video he released about the low rate environment. Why should they raise rates . It is almost a rhetorical question. There are so many reasons. Low rates are almost by definition building bubbles. Real estate bubbles. Guy one of the stories riling the asia markets right now is glencore. I want to show you one chart. I want to show you this one here. It highlights what is happening with glencores debt and equity. The market capitalization is in yellow. The total debt is in green. You have yellow above green, yellow above green for the last four years. The problem is we are now down here. This is the current equity valuation of glencore. This is the debt story. That is s
At all in these two companies. When you do the math and look at everything, we dont have a concern. Andrew think about it as adjacencies. Area, we dontag anticipate issues, but we will go through the Regulatory Filings as normal. David whether the United States or europe, will they be looking at it as one company or will those be done simultaneously . Hard to answer, but they will take into account that it will be broken up into three businesses. Stephanie agriculture is a key part of this deal. We have got to ask about competition. How will Global Agriculture change, when you think about china and the strength they have . A governmentcontrolled entity has taken aggressive position good im referring to china. That is one of the beauties of putting these two ag businesses together. Andrew and i have said publicly that will be consolidation in this space. Have the firstmover advantage. We know for sure we are going to be one of the big leading players in the ag that was very important to
To y welcome manus welcome to countdown. Anna commodities a big theme. By some concern investors around the highyield markets in the u. S. The junkbond ecf close at a sixyear low. We talked about highyield bonds and the spread has been whitening. Widening. Now the Goldman Sachs event expressing concern. Talking about real carnage in junkbond market. Markets. They say they have the most Investment Opportunities since lehman collapsed. Manus it worries me when you have a Major International when you talk about this junkbond or these high yields, when you look at the oil industry a big portion the yields are rising to the highest level since 2009. That goes back to the conversation we had yesterday, a lot of restructuring. A lot of expense to repay the 1. 5 trillion that is the size of the u. S. Junkbond. News. Lets the first word reporter Chinese Consumer inflation Beat Estimates. Cpi November Rose 1. 5 year on year. The Producer Price index fell 5. 9 , extending declines. Meanwhile, the
Betty, is having a bearing on some of the companies in london that get revenues from south africa. I am talking about old mutual, they sink to a little as financema binned his minister yesterday. The Swiss National bank, betty, also kept rates at a record low. No big bazookas, betty, like last thursday, with the ecb. Betty no, but however, there was, i guess you could say, a bazooka coming out of glencore and their investor day. That is one of the best performers in europe . Mark 7 , biggest rise in need mups, vowing to cut its debt further, raising is its forecast. Thecally it has become latest of Mining Company to try to counter the slide in Commodity Prices. Right now, betty, it is wrestling with Anglo American to be the worst stock on the ftse 100 this year. 74 . American is down by betty, that is one race you do not want to win in 2015. Betty indeed. We will check back on the markets of course, but we first wordck on the news. David . David a protest over the killing off a black t