That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the
They had hoped for, and because the Supreme Leader would not want to give the iranian president and immediate when, especially in the runup to the iranian election. The relationship would improve and i do think you would get easy multilateral engagement between a Biden Administration and the u. S. Allies that help to put that initial iranian deal in place. You know that just a few days ago, when the trump brought ation furthering of an arms embargo against iran to a vote at the security counsel, did not even require a veto, it was 112 against the United States, quite an embarrassment for the trump administration. David wouldnt it be difficult to get the genie back in the bottle . Years have passed. The length of the curtailment in the element and they have been enriching uranium. Can we just go back to the status quo ante . Ian i am someone who believed the deal was a good deal, for what was work, but it was a limited deal. It did not stop the iranians and supporting hezbollah other or
Tonight at eight eastern on the communicators on cspan2. Standard john cotton one members of the bridge about buying g5 equipment from the Chinese Company while way. The arkansas republican join former House Intelligence Committee chair mike rogers and retired Brigadier General Robert Spaulding who predecease her on the National Security council under the trump administration. They answered questions from the British Defense subcommittee on china for about two hours. Order, order. Welcome to this Defense Select Committee hearing to consider the International Response to the uk government decision to allow while we to continue to operate its 5g network and implications of the gibbous decision for information sharing across the alliance. Also to discuss International Ambitions and the role of 5g technology and within this specifically look at Cyber Attacks and the distal silk road. Our session date is divided into two parts and id like to welcome senator tom cotton joining us for part on
House of representatives before being elected senator. You are a regular, to use for the first and particularly on the u. S. And china relationship. For transparency, you and i have done each other for many, many years. I think prior to you entering politics so thank you very much indeed for your time today. Can i just say on a wider note we are very conscious that we meet during a challenging time for the u. S. Following the tragic death of george floyd. Our thoughts are very much with those impacted by this tragedy. The u. S. Is not alone in needing to do more to tackle the underlying issues but our thoughts and prayers are very much with those who are directly affected. Could i invite you to say a few words as an opening statement, then well move into questions. Thank you very much indeed. Thank you, mr. Chair and thank you for this kind words about some of the strife on our streets today. Of course we all want justice for george floyd and we are all deeply disturbed by that horrifi
Told that President Trump to declare National Emergency today. We know that the president is holding 3 00 oclock News Conference which he tweeted about earlier today so we will see the president before the cameras 3 hours from now. National emergency likely to involve the stafford act, not to get complicated. Stafford act involving fema and resources that come with fema. Bottom line the president to be taking next step which would be declaring a National Emergency as response to coronavirus. There were reports earlier today out of brazil that the brazilian president bolsanero tested positive for coronavirus. The reason why its important because the brazilian was at maralago, there were dinner there, however, bolesnaro has gone on fox within the last 30 minutes and said that his father has not tested positive for coronavirus. In any event its going to raise a lot of questions as to the president being tested and what might next steps be from that. We are continuing our eye on the negoti