Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b
In the car industry. Peugeot group and Fiat Chrysler agree a 50 billion merger, creating the worlds fourth largest auto group. And. Making the most of what you have. Well be hearing from one pianist who managed to hit the right note, despite a tough start. It isa it is a really inspirational story. Flying further well be hearing from one woman whos invented a Hydrogen Powered drone. And is the Christmas Office party going to become the ghost of christmas past, as companies scale back on festive celebrations . Tell us your view do you love, or loathe, the office party . Let us know. Just use the hashtag bbcworklife. Welcome to a very packed erg. Welcome to a very packed worklife. Lightsabers at the ready star wars the rise of skywalker is out in cinemas in the uk later today, with the european premiere held here in london. Experts are talking about a cinema revival, while the uk industry is banking on the final star wars instalment setting a record for ticket sales in 2019. Theres been
Towards the junkyard. But in 2011, the company made 183 million and paid back its 6billion federal bailout, 6 years ahead of schedule. And none of it would have happened without its italianborn, canadianraised boss, Sergio Marchionne. From 60 minutes. Oh, yeah. Sorry to barge in on you like this. Does he walk in all the time . Occasionally, yeah. [ticking] in the beautiful italian province of perugia, men roam the frosty hills with their trained dogs, hunting for the most expensive food in the world. So this is 1,000 . Just right there is 1,000. But as we found out, anything this rare and expensive can attract a dangerous clientele. [speaking french] everybodys in danger in this business. Krrrk. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, were going to visit with a driving force behind the resurrection of chrysler. And later, hunt for the most expensive food in the world. But first, we begin with a story about the rapidly growing trade in fake stem cell cures. Many pe
Here are some of the big headlines in under 30 seconds. The isi l formed an islamic state. The term actually is callous caliphate. President obama is turning to the business sector for us next Veterans Affairs secretary. Former Procter Gamble ceo. The world cup was pretty exciting, too. Well get to that later in money clip. We will start with the Supreme Court and a ruling that takes a small western chain of craft stores against a new Health Care Law that is called obamacare. Hobby lobby, a privately owned company with religious owners could be exempt from this provision of the Affordable Care act that required until today that employees receive coverage, including all forms of fda approved contraceptives. The highest court in the land rules on a part of the law which we all know as obamacare. Smally limited it to Family Businesses and closely Held Companies like hobby lobby. Divided Supreme Court also handed a setback to organize labor. Justices put new limits on the ability of unions
Its so important to make someone happy. Make just one someone happy and you will be happy too. [ticking] dr. Ecklund, im scott pelley with 60 minutes. Oh, great. Dr. Ecklund was surprised to see us. We had hidden our cameras, something we rarely do at 60 minutes, so we could uncover his plan to inject stem cells from a questionable source into this 11yearold boy with Cerebral Palsy. How does it work exactly . Well, stem cells contain. Uh. Excuse me, here. [ticking] in 2009, chrysler was headed towards the junkyard. But in 2011, the company made 183 million and paid back its 6billion federal bailout, 6 years ahead of schedule. And none of it would have happened without its italianborn, canadianraised boss, Sergio Marchionne. From 60 minutes. Oh, yeah. Sorry to barge in on you like this. Does he walk in all the time . Occasionally, yeah. [ticking] in the beautiful italian province of perugia, men roam the frosty hills with their trained dogs, hunting for the most expensive food in the wo