Spokesperson as the Parliament Begins to reign in Search Engines. A warm welcome, i am anna edwards. It has just gone 6 00 here in london and lets start with the oil story, the longawaited meeting is hours away in vienna. In the lead up to the meeting we have seen prices collapsed a four year lows. Ryan has been on the ground speaking to oil ministers, good to see you this morning what can we expect . I think if you look at the , clearly investors are not expecting a supply cut. We heard the oil minister of saudi arabia saying the gulf countries have reached a butensus amongst themselves none of them have been pushing for a supply cut so the fact that some of them have a united position suggest that that faction within opec is happy not to have that happen. You will remember the saudis had that meeting alongside the venezuelans, the mexicans and the russians earlier in the week and that failed to deliver a supply cut. There was this idea going into the meeting that there could be this grand deal involving nonopec countries like mexico and russia but no cigar. Iranians who lead the faction for the supply cut are making a lot of noise about and theyfor supply cut are not making that noise right now. All of that suggests that we will not get a supply cut, having said that it is important for opec, it is the x essential issue, to appear to be unanimous. You cannot rule out that there would be a symbolic or small supply cut or more likely a call for compliance, as you know the Production Target is 30 Million Barrels but they see their own Production Targets so maybe a little bit of a crackdown on all those countries producing more than they are supposed to. But a supply cut as i was the market does not see it happening. Opec meetings are about production but not just that, it is a gathering point for the Energy Industry so what are the deals being done on the sidelines . I dont know about deals but it has been interesting to watch the Iran Oil Minister who has had a packed schedule with executives lighting up to see him and of course they did not win any sanctions relief earlier in the week but nonetheless it is ready clear that all the oil bosses won a make sure they are in line and iran knows there in. I caught up late last night to have a listen. I met some of the managing liketors of Oil Companies aboutll and to discuss and all ofin iran them hope to lift sanctions and hope to work with iran very soon. Them mentiono hear the new ceo who has not been in the job for very long and he is on his way to russia today and it shows exactly how much these Oil Companies are thinking about new production like all the other Oil Companies really need the ceo ofing to see luke oil secondlargest oil he is worth just shy of 10 billion because he has a 25 stake in the company i have to tell you ive been coming here for years and he is a regular. A while back we opened a companyth a norwegian and for that reason we would like to return to those fields where we already know the geology and are already preparing. Unfortunately after the introduction of sanctions we left the area. Important to note that all of aree Countries Companies well aware of the sanctions and are just studying them right now. Maybe we wont see anything to dramatic would love to be a fly on the wall we will have a chance to go inside and speak with the ministers but i do feel there is a ground swelling of concern, i would not be shocked if we learned that the ministers will not wait another six months as a normally do because we have seen the price of oil come down very quickly. While they have been here in vienna they have enjoyed and had some important meetings. Hear what they have been talking about on the sidelines, views against sanctions against iran among other things. We will be back in a few minutes time talking to the Energy Expert of the mrl corporation. A bloomberg exclusive now, the senior Foreign Exchange and metals traders are among 11 people under investigation by the swiss finance regulator and that is according to people with knowledge. The regulator started proceedings against 11 current and former employees 15 days ago. No findings of fault heaven made against any of the individuals. In the u. K. Traders facing the benchmark rate might avoid being fined. The Financial Conduct Authority has missed the deadline to take action. There was a three year of limitations for Civil Enforcement actions in that time limit has passed according to one person familiar with the proceedings. When theyo be exactly knew about the start of these investigations. Google bashing is not on the agenda. According to german politician they voted on a resolution that would ask the executive arm to continue unbundling changes from other commercial services. Bloomberg spoke with a legal expert about what is driving the action. It is obviously not the first time the European Commission has put imposing penalties in a few years ago microsoft was in the cross hairs. I think when you see the way the eu looks at organizations is that they may attempt to challenge the dominance for a number of reasons, economic or political. One of the reasons might partly be is at the u. S. Firms have been so successful and grown in such a dramatic way that the european competitors are starting to keep up struggling to keep up so this might be seen as it attempt to get the European Companies to catch up during catch up. It has to be seen in a political context, a lot of discussions. In the has to be seen context of intelligence and data gathering and the power of the Tech Companies to hold information about eu citizens and possibly give it up to security agencies. Edward snowden came out with last year, european authorities are very sensitive to the privacy angle. Tois a general challenge u. S. Data, a political challenge but also an economic one. That was jamie from the law , lets bring in Caroline Hyde who has been following this story for us. Bit more on the politics surrounding this because we have one of the leading german politician saying this is not about google. This is politics at its barest. Two voices on either side of the atlantic shouting at one another trying to say that they are not bashing google for those in the United States and properly google itself are feeling pretty bashed right now because not this ise we evoked what it hinged on, a vote on whether or not we could see an unbundling of Search Engines, they have named google by name but he could have an unbundling of Search Engines that could be opposed to the look european legislator. Schwab who is one of the germans behind the vote and the proposal, 15 in total have put this resolution through and said , theyou are overreacting fact that we are using the term unbundling is in no way meant to mean that the eu is somehow becoming antitrade and antiu. S. Because it is all getting out of kilter. Unfortunately at exfo the same a potential split in google , unfortunately at exactly the same time, a potential split in google they dislike that an awful lot when i heard that basically you and i could message them. Perhaps it is a bit embarrassing now europe says you have to invite them from the u. S. Sites as well because there is a huge amount of work and you cannot tell the press when you have removed things as well. Found that they have kept routinely informing the press never something was taken down which defeats the forgotten path. Lets talk a little about when you where all these politics ago. Perhaps europe is just try to protect its own, rightly or wrongly . That is what is gathering a sense of urgency right now, the key concern that a lot of european politicians should be realizing that this is being interpreted that the germans in particular are perhaps trying to protect their own. This is a fascinating link for those who found that an open letter was written by a number of heavyweight german politicians in november and was sent to the European Commission asking the legislators and urging them to regulate internet platforms with platform neutrality, they want them to send up stand up to global actors and this is even more deafening in the knotted states for those who already feel the swirling views is already perhaps having negative effect on trade links that you are being motivated by politics and motivated to come up against u. S. Tech companies other than your own and i think at the moment is europe feeling that they want to be able to maintain their privacy and that they want to stop these accusations which have been investigated for four years now as to whether or not google is promoting its own other than rivals in the Search Engines and unfortunately this is all getting very political and it seems as though they are bashing google. That will have continued coverage as we go through the day, coming up on countdown we will go live back to vienna with the Biggest Oil Producers are gathered for the longawaited opec meeting. Our collapsing prices enough to push the opec leadership into action. The put that question to our next guest. That is in two minutes time. Welcome back, back to one of our top stories about the oil price and a collapsing price of crude is at the helm of the agenda at the opec meeting but no guarantee that leaders will cut output. The Kuwaiti Oil Minister says low prices are something his come country is prepared to deal with. Orwith a deal with 80 or 60 100, so we have to keep the market itself to accommodate the price that the users and consumers have used it. Back to vienna on the ground with the guests. Hello anna, it is a big day for the Global Economy and for of where opec controls 40 output and 80 of the reserves and what will they do Cornelia Meyer has been watching the oil market and having these opec meetings for a good decade. Think you for joining us, the obvious question is what are they going to do . Theyre probably going to do nothing or very little, it will probably stay will stay at current reduction but we will enforce those production levels. Say bye to give a minimal reduction what they will probably also do this a given how the markets are we will meet not just next june but earlier it so i think they might say lets me in february or march. Arabia oil minister holds most of the cards, white is he so happy to see those oil prices . He wants to see fair prices and also wants to see the market react, if you have been in the job as long as he has, he has seen high prices and low prices and this is not the first time the market has been oversupplied. Recoversen the economy we are very quickly up half a Million Barrels per day, when the u. S. Does better in china does more again and dont forget there is demand in africa and the arab states. Interesting that the iranians were making noise at they wanted to see a cut but did not want to make a cut in their own production and this has gone quiet the last couple of days. The iranians dont want to make a cut on their own reduction and fairly, if you cut Everybody Needs to cut. Is there a political factor . There is because weve come off the five plus one negotiations that put iran into the International Community and that is really what their key priority is, to get rid of the sanctions, to be seen as a team player does not hurt. Russians in town and they reminded everyone of 1999 when the mexicans venezuelans and saudis got after oil had dipped 10, and this time people got together thinking they would cut a deal but no cigar what you think of bringing in other Oil Producers to get some sort of consensus . If things get really bad, 10 is really bad. I am and edwards. Lets look at the Foreign Exchange markets. Veryryen, we have seen a recent pattern over the last few days. To thees counter prevailing trends we have seen over recent months and even recent years, counter perhaps to the Central Bank Policies. Boj of course in the middle of its record Quantitative Easing Program so very different paths were these two Central Banks. The yen is actually increasing this morning against all except three of the 16 major Currency Pairs on interesting move we are yen selling gone too far. That is the question traders are asking. And november 20 it was the strongest level we had seen since august 2007 and now it is down to 117. 36. Another story that we are these areoday bloombergs top stories, protests on the streets of los angeles. People have been protesting against the grand jury decision not to prosecute the white Police OfficerDarren Wilson that shot and killed Michael Brown. That shooting happened in ferguson misery with the streets have been calm overnight. Michael browns parents have spoken to charlie rose. This was before we had a conversation with him about how to deal with authorities if you are approach. . Which was . Two ok, if they ask you to do something you have to do it. Tonight onsee that bloomberg. The regulator started proceedings against 11 current and former employees 15 days ago. The investigation is ongoing and no findings of fault have been made against any individuals. In the u. K. Traders facing penalties over the libel benchmark rate. The financial conduct of authority has missed a deadline to take action, that is according to people familiar with the matter. Ofre is a statute limitations to Civil Enforcement actions and that time limit has passed according to one person familiar. Two israelis were stabbed in jerusalem this week, the latest in a series of incidents that included the killing of four rabbis in a synagogue. Rising tensions in the city are scaring away visitors and hurting local businesses. Sold souvenirs in jerusalems old city for 40 years and he has seen wars and two uprisings, but things have never been this bad. Now, aboutng is bad the business. Or at least very little. Per man used to make 5,000 day and now he is lucky to make 300. Business is bad because sometimes they close the roads and sometimes because they are afraid to enter the market. Jerusalem has been smoldering since the summer when a palestinian teenager was burned alive in revenge for the killing of three israeli teens. Then there was gaza, recent attacks scared away tourists and locals. In better times the city would be heaving but look around there is hardly anybody about, many stores are closed and shopkeepers say the trade is the worst they have ever seen. On the morning we saw one small tour group. Terrible, oney cannot believe it. How much is business down . 30 . 95 down. Every days like this. Businesses is not very good and there are not many people in the market. People are scared to walk around especially in the market because it is an open place and there have been attacks here in the past. It is down and empty now. Officials hope the annual long winter nights culture festival which begins next week will tempt people to return to jerusalem but with violence and almost daily occurrence many are losing faith that things will improve anytime soon. Now we are just getting fourthquarter earnings from germanys largest chipmaker so lets get to those numbers, annette income at 181 Million Euros and that is against 143 million the previous year. A little bit below those was 16 s and the margin higher than the previous year. At report for sales came in 1. 8 one billion month that is ahead of estimates. A fairly mixed set of numbers in the Fourth Quarter and looking ahead this is been the focus for yearanalysts and the full for 2015 sales rising 8 so that will be of interest to those saying that they were expecting something of a conservative outlook despite a healthy structural trend across many of the markets and supplies. And some of the other analysts have an reading overead of these numbers, at barclays there talking about the segment continuing and increasing the number of cars that are connected to the internet and those cars being increasingly connected as well. Interesting trends in the car Morgan Stanley saying things get tougher and terms of comparison as things get more difficult as you start to come up those comparisons. Again many of these analysts talking about highend manufacturers being the key to this business. The exclusive interview with the chief Financial Officer later on this morning that is dominic joining bloomberg on the pulse. London, we are taking a look at women at the top of companies today, Angela Merkel has highlighted the lack of female Board Members in the company but where does the u. K. Stand and how does germany stack up . At ucined by the Lecturer University london. Germany has come up with a quota, how good an idea are quotas in this situation . Used as a they are measure of last resort, if we look at norway when they brought in their quota in two dozen eight this is about the number of policies the government had tried to introduce it did not make any significant difference in the number of countries are trying various things but finding that the increase is incremental sibling ringing in a quota is a way of saying we will make a step change. And they do specifically come up with resistance from businesses. Germany was saying that bmw does not believe in quotas. Andobody