Google takes a challenge to apple and amazon. The focus now is on Artificial Intelligence. Kathleen who will be the next fed chair . A story the keeps on giving. 24 hours ago we got news from bloomberg that trump aids that trump aides have given him a short list. Who trump is going to pick, nobody knows. Stan fischer would not say. Heu can get the sense is not in favor of girls for a fed chair. He thinks you have to have flexibility in be able to change very quickly. Whoously, no one will say will get it, but that is what everybody seems to be talking about. Yvonne nevertheless, market see them out. A slow grind this time around. Why we are talking so much about who the fed chair will be on this slow day. Ended 50 up. Nzx 50 up. But pretty much flat on the asx 200. Retail sales for august coming up in the next hour. Aussie continues to be continues to defy buyers. Still above that. 78 handle this morning. Japanese futures lower by 10 . A higher open in tokyo by about 70 points or so. D
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
December as investors await their g. D. P. Numbers out. And that is what you need to know. David for more on those g. D. P. Numbers, we turn now to carl, chief of u. S. Economist. So we have five quarters of slim pickings. What are we looking forward to . Its growing at 3. 3 five quarters ago. Now were growing at 1. 3 which is below the feds neutral growth separate and thats problematic for the economy. Consensus going into todays number have steadily deteriorated over the course of the quarter from north of 3 , 3. 5 well say at the start of the quarter down to only 2. 6 . And i think theres a risk maybe that Consumer Spending which was the major Growth Engine in q2 could fire on a much softer level in the Third Quarter. Alix inventories. We saw it drop on the Second Quarter which is unheard of when youre not in a recession. When is the payback for that . That subtracted about 120 basis points off the headline growth figure. And the expectation was well, that will turn into a significa
Reporting tonight from havana, cuba. Pelley good evening. Tonight u. S. Corporations have lined up behind the new opening to cuba. Mastercard, cisco, marriott, pepsi, caterpillar and Major League Baseball all expressed interest in doing business here. It wont happen overnight, but cubans here in havana are just as eager. In terms of u. S. Relation, its been 54 years that theyve been frozen in time. For all any cuban can tell, detroit hasnt made a car since 1961. Chevys and fords familiar to eisenhower and sinatra live forever thanks to a uniquely cuban industry, counterfeiting new parts from designs of the 50s. Nearly everyone in havana is ready to move on. The average cuban is ecstatic. Theyre euphoric. They believe that this is a new beginning for cuba. Pelley alberto cole is a professor of International Law at Depaul University in chicago, a specialist in cuba, he moved to the u. S. As a child in 1961 when castro imprisoned his father. I wonder how today the average cubans aspiratio
Three new jobs in the u. S. Each year. Maria contrerassweet is the administrator of the u. S. Small business administration. She joins me in studio. Good to see you again. The april employment report is out tomorrow. What role does or should Small Business have in job creation in this country . Right now we are experiencing Small Businesses creating two out of every three and that jobs and employment half of the workforce. They are contributing to this 61 months of consecutive job growth them have experienced in the country. Cory you are traveling mark you are traveling the country this week. What are Small Business owners tell you about their success and 80 do they see do they see the government as a hindrance or a help . They are funding the Global Economy is available to them. We will be adding 2 billion middleclass consumers and they want to benefit from that. So we are talking trade these days. Mark what are their Major Concerns . There is a Small Business woman who sells gluten f