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Hello and welcome to Business Live. Chinese president xijinping is in russia for talks with his counterpart Vladimir Putin today. Trade is set to be top of the agenda ahead of the 620 meeting of Global Leaders later this month. The visit will be xis sixth tour to russia since taking office in 2012. And their meetings seem to be bearing fruit according to china, trade between the two increased by over 26 in the first four months of the year, reaching nearly 25 billion. Cooperation is increasing too. Russia will be a key component of chinas belt and Road Initiative an ambitious multi trillion Dollar Project that will link europe and asia via the historic silk road. As part of the project and as a symbol of this c ....
A very good morning to you. Lets have a look at u. S. Equity futures. A disappointing day for markets yesterday. Second negative session in a row, the dow having its first tripledigit loss since the 8th of march. Were looking at bouncing back, up 72 points today. The s p up by nine. The nasdaq by 22 points. One of the reasons for this switch, this positivity today, as compared to yesterday, is oil prices. Theyre up significantly this morning, 3 for wti. Just above 37 today. This comes on news that we have heard some comments most recently from kuwaits opec governor that there could be positive indications from any upcoming meetings in terms of controlling supply. In overseas trading, Economic Data overnight showed chinas Services Sector strengthened overnight. That could be fuelling it the gains in commodities as well. The shanghai comp closed flat to down. Shenzhen, 0. 5 gai ....
I stand before you today believing in my core that we, the nations of the world, cannot return to the old ways of conflict and coercion. Obama said the u. S. Has successfully negotiated a nuclear deal with iran and reestablished ties with cuba. But he said leaders must resolve the drawnout conflict in syria and the resulting refugee crisis. There are no easy answers to syria, and there are no simple answers to the changes taking place in much of the middle east and north africa. But so many families need help right now. They dont have time. Our concern for them is driven not just by conscience but should also be driven by selfinterest. For helping people who have been pushed to the margins of our world is not mere charity. It is a matter of collective security. Obama said nations must look forward in order to build a world that benefits all people. Russian president Vladimir Putin has made his first speech in ten years at the u. N ....
This institutions mission. I stand before you today believing in my core that we, the nations of the world, cannot return to the old ways of conflict and coercion. Obama said the u. S. Has successfully negotiated a nuclear deal with iran and reestablished ties with cuba. But he said leaders must resolve the drawnout conflict in syria and the resulting refugee crisis. There are no easy answers to syria, and there are no simple answers to the changes taking place in much of the middle east and north africa. But so many families need help right now. They dont have time. Our concern for them is driven not just by conscience but should also be driven by selfinterest. For helping people who have been pushed to the margins of our world is not mere charity. It is a matter of collective security. Obama said nations must look forward in order to build a world that benefits all people. Russian president Vladimir Putin has made his first spee ....
Biotechs and the Technology Cloud plays rolled over again and at one point seemed to be on the verge of taking the entire market down. Aided by some worrisome talk about russia from president obama. But as we neared the bell, the market regained some trent. The s p climbed, and although the biotech and cloud laden nasdaq could only muster a 0. 11 gain. Whats our game plan for next week . Lets start with the book ends. The bill industrial stocks rocked all this week. They kept powering higher and it was really no news at all. I kept hearing the same rumor of the same explanation. When we come in on monday morning well hear about Something Big from china. Perhaps to reverse the chinese water torture of weaker than expected news over and over again. Now, if thats true, it wont come a moment too soon. Given that were going to get a manufacturing gauge from china that will fail t ....