Countdown a warm welcome to a warm welcome to countdown. Most of us think we know stories that could be made into a movie but what are the secrets of successful finance for film. The producer of a new film will be joining us for an interview and our playbook conversation. Intoll give up his insight the realities of getting a great idea onto the big screen. Lets get to our top story, a new era for oil. Opec refused to yield its production and it is having a Ripple Effect across global markets. Asian airlines gained as our prices helped reduce yield cost and most emerging yield costs fell. Some opec states are using the price war to challenge nonmembers especially shale drillers. He caught up with him just after the decision to make output targets. Can you give us your view of the decision and a little bit of a deliberations. Every buddy has responsibilities but it was felt that maintaining the level would apact and would produce reduced decline. And what about venice where the argument that i cut as necessary. It is not only venezuela, there are other countries. I think we would always come to a consensus for opec and for the world global oil market. Was there a sense that at these levels american crude reducers can be shaken out of the market . Im not sure they can be shaken out but over the next few months the Market Forces for supply and demand will come to some agreement in terms of prices and that sooner or later opec and nonopec will have to share the burden. Next time around the running recommend they cut . It depends on the next few months but we will both share burdens. We watch and wait that was the Nigerian Oil Minister walking and talking with ryan over there in vienna now according to an opec delegate she will be named president of the organization next year succeeding the libyan president and we will bring you more of the extensive coverage at opec on twoout the morning matters fiscal. France and italy will escape immediate punishment for their Budget Proposal according to an eu official speaking on the condition of anonymity. Later today the european condition will warn france and italy that the have until march to follow through on cutting possibler face sanctions. David cameron will lay out his latest plan to cut immigration the day after statistics show he missed a previous pledge to lower it. He will propose that europeans arriving and the u. K. Should not receive Welfare Benefits or state housing for four years. This is the second time he has made a major policy speech to counter the rise of the Independence Party which now has two seats in westminster. As David Cameron tries to stem the flow of migrants, switzerland is looking at the amigration issue this weekend nationwide vote could drastically reduce immigration and the output of the big businesses. Mountains, lakes and woods make a more than half of switzerland but for the population almost doubling since the 1950s the countryside has been rapidly urbanized. That may sound a bit dramatic to some. New york has about the same area of people in it area 50 times smaller. Solution is banning immigration. 30 of the 8 million inhabitants are foreigners. It could be up the government to cap the impact from abroad and critics call it racist but they say it will repacked protect resources. Many Swiss Companies are already relying on Foreign Workers and the biggest problem might be the foreign union. Switzerland gets up participate in the common market. The freedom of the movement and officials and brushes brussels already said renegotiating immigration is not an option. That was tom gibson reporting and there are another two key votes taking place this weekend, one of them is on foreign tax breaks and the other on swiss gold. The Swiss Institute will be joining us later and we will focus on the vote around the central bank decision. Black friday used to be a very american event where shoppers went wild in the shops the day after thanksgiving, it has now gone global. Black fridayy of across europe. Caroline hyde. Certainly in the u. K. As well and i can tell you that tesco, they are already seeing police pulled in, riots in the stores. Export that United States has cracked, halloween they did very well and now they have exported black friday as well. In london in the u. K. But also london, Ontario Canada and france. This is truly global. Terms ofit down in numbers, the u. K. Expecting 1. 5 billion pounds to be spence today online and offline. That is one Million Pounds every minute. That is 17,000 pounds gone there. Gone there. About 9 competitive this time last year but other countries are getting in on the action. The u. K. Had it exported in 2010 by amazon but lester did catch and now we are sing that germany is copying, they have black week. ,eals like 40 off a samsung tv friday, ande black even casino their big Supermarket Chain slashing prices in france and exporting it, taking them down in senegal, vietnam and columbia. This really has gone global. It is not just the big businesses you have talked about but you are getting offered by friday so how crucial is it the growth online here . I had a conversation with a taxi driver and sang how what time does black friday start at midnight, and how crucial is it to online. Amazon has had sales the entire week and yet they did say that midnight was the big black friday event, they want to cash in on cyber weekend so the online only retail store has 20 off the entire weekend. Think is really where i we will see the substantial growth. 5 and visabe up says online spending transactions would be up 22 . It is worth remembering that some company so you have to come in store to get deals like tesco but online is going to be more popular and also an element of mobile as well, transactions going to the roof by a smartphone and tablet. You would do it on your commute to work. Time, john lewis saw a 14 times rampup in their mobile transactions. Consider that reiterated. Well have a conversation no doubt about what this means for retailers and getting your strategy run discounts right now it was a key factor last christmas and that could feed into that conversation. Could black friday be read friday if the discount too hard . Yes, will continue the conversation stay with countdown for more on this massive shopping spree. Is blackk. Today friday fever spreads beyond the u. S. Kevin jenkins will be here to was up on what caroline just talking about. You can join the conversation on twitter and let me know what you would like to see more or less out. Annaedwardsnews. Of thehours ahead inflation reading. Could it inspire mario draghi to act. Is kevin adams from Henderson Global investors. Countdown, ack to new era for oil as crude tumbles. What does this mean for the global picture . Joining us now is the director of fixed income at henderson kevin adams. Context, we have some fairly big statements about what opec did yesterday. It is hard to overstate the way opec has taken the risk of action here, is it taking them time to get the heads around . What to keep in mind is that opec is only 30 of Global Oil Supplies other influences not as large as it used to be. Your opec. There is generally a lack of agreement and they dont want at this time to keep the oil price dropped up and are happy to see it fall. Where does this leave us with the great discussion around deflation has been one of the contributing factors. Talked about positioning is that view threatened by the fact that inflation might not pick up and might be difficult for Central Banks moving forward . I think at the moment the Falling Oil Price and the deflationary impulse is giving some banks every reason to delay raising rates. We think in the u. S. And the u. K. That the economies are robust enough to have interestrate increases. They will air on the side of in the side of being slow to raise rates. The environment that you have seen is the yield curves lightening. Likening ves curve slightening. You dont think those will pushed out further . Theyre probably pushed as far as they can go at the moment given that what we see is the underlying strength in the economy. Lets talk about the eurozone, we get the full picture on inflation for another month across the eurozone today, that is a week level even by eurozone standards. You say when and not if we get fullblown quantitative easing, what gives you the confidence . Youve seen statements from mario draghi in the last few days and weeks and which both of them made a significant influence on the ecb talking about reviewing the likelihood of fullblown quantitative easing and i think they would not be making those comments if there were not a good chance of making that. Frankly that is the last bullet in the gun is fullblown quantitative easing. But some of those things are saying lets hold on weight whether the messages we have about operations whether they will have enough of an effect and we dont have to go down the road is it just a question of when . Next week will get action in terms of bonds or a sovereign debt like eib to support the financing of the ib but the next quarter will be in a position with a one need to do the final bullet in the gun which is sovereign qa. How much lower will it go we have seen new records touched it seems like every unique every week. How low do they go from here . There is not that much further you can fall in the german yields are below those from something to the curb so there is not a lot of room to fall but can they fall further . Yes. We had the lead up to qe1 and qe2 in the u. S. Because these offices are well telegraphed the u. S. Kept on falling until the ua was back up again and we have this kind of buy the rumor fact. Any other cliche you can throw in their there. What is the logic around quantitative easing, biggest of to follow through if you say you will do it but with yields so low what is the logic . To push the currency lower . That innk it is exactly terms of reducing the financing costs for European Companies or in terms of getting more money linked by banks into the Economic System qe doesnt really do a lot more than would with wherey happened Government Bond yields are already so it is about pushing more money and to bring the currency down, we have an explicit target to get it lower and europe and have not been explicit about it. What are you expecting from japan because we have election looming toward the end of the year and Inflation Numbers just recently that showed a slowing is the jury month still out for you . I think the jury is still out in many ways theyre trying at hour ist but the third so difficult to enact and that is one of the reasons they have called this snap election to get a renewed mandate to push that through but the same in europe there is only so much the central bank can do by pumping money into the system and dragging sovereign yields down. The reforms quired to improve the dynamism takes time and what Central Banks are doing is trying to buy politicians time. Could arguablys be wasting that time by not doing it fast enough and rb is trying but it is hard and in europe theyre not doing it fast enough. It is another to buy them time and he is another to act that you remove the stimulus to act. Europeans they particular essay because of the way they are falling, has removed some of the urgency from the political arguments around reform, do you buy that . While the politicians can look to the ecb and say you are doing as much as you possibly can and making these commitments and keeping rates really low and they think youre trying to stimulate the economy you probably should have a real opportunity because the stimulus is being done by these. Thank you very much for joining us today, good to get your thoughts. We were just talking about japan, coming up on countdown will have more on the plan for the japanese economy as it faces another setback. Stay with us. Welcome back to countdown. To japan were plummeting oil places and a sales tax increase may be taking a toll on the worlds thirdlargest economy. It stands it had less than half of the boj target. Lets bring in bloombergs who has the details for us in hong kong. Good to see you this friday. And the japanese economy still struggling from that salestax increase, the inflation you mentioned flowing for a third month and poor Consumer Prices rose 2. 9 in october from a year earlier and that is in line with forecasts, but we also saw retail sales fall 6. 4 in october. Than whatre economists were expecting there. They were expecting a half percent decline so not only clear signs that there has been recovery in terms of consumption factory output however we did see unexpected in peace increase, economists were expecting a decrease. Showing signs of resilience and manufacturing exporters. But these latest numbers are further reinforcing forecasts. It is already an unprecedented monetary stimulus. Dropped about 4 10 of a percent there. Japanese equities higher in the data. One of the last glimpses until the election and refreshing that mandate. As you mentioned there the push is there and oil prices compensating the bank of japan governors push to stoke inflation. Thank you for joining us today, all the details on the latest data out of japan running us from hong kong. Just a reminder that inflation figures rake for the eu at 10 00 change just yet. Still to come, designing jewelry for the stars. Welcome back i am anna edwards in london. Oil down a percent yesterday, year to date oil prices down 34 , the u. S. Pumping more oil than the have at any time in the past three decades, knows apprise we are seeing all the news surrounding why peck having an impact on the oil related currencies which is what we have on the screen. These numbers showing the dollar move higher against these currencies and that has been a touch rent that we have seen in the latter part of this week. We also have a really nice story on the terminal about currency market volatility talking about the return of currents he market volatility and not actually pegging this to the oil story actually saying this is around the increase in the dollar and that is seen as continuing. About what they think will happen in 2015 and as they say the dollar will increase in 2015 against all 16 major for an Exchange Trading pairs. So and the next can pay the factory in one. I am anna edwards in london and these are the top headlines. A fource of oil comes to year low after the Worlds Largest producers refrain from cutting their output. They kept their target despite the seat this slump despite the steepest slump in prices. Cameron will lay out his latest plan to cut immigration in a speech that comes a day after he missed the previous pledge to lower it. Willritish Prime Minister say the european arriving in the u. K. Will affect housing for four years. This of the second time he has made a policy speech to counter the rise of the u. K. Independence party which now has two seats in parliament. France and italy will escape immediate punishment over their Budget Proposals for two thousand 15 according to an eu official skeet speaking on condition of anonymity. The commission will warn france and italy that they will have until march to follow through on cutting deficits. We will bring you that News Conference live at 10 00. Wife of this financier could receive 37 million founds in a default settlement, that is the biggest ever seen in an english court. More than 700 Million Pounds at the high court in london. A couple separated after being married for 15 years. Discounts aplenty are being offered across Department Stores but more are plugging their own black friday deals. Manus cranny went to meet this person in the heart of diamond country. Around 200,000. White, londons very own diamond geezer. At the heart of the diamond district designing for the stars. The most enjoyable one was working with beyonce. Her and jayz in the room . Yes. A masterve been craftsman and that just does not happen overnight so are the kind of skills that are involved in putting a diamond together, time and skill . I am passionate about making things perfect like the way they sit and a look effortless. Is on thet ive done backs of stairways. On the shops is sucked thats not where i do my business, upstairs and basements design, service and master cressman chip all the elements that go into creating the Perfect Piece where tradition meets highend. We talk about black friday they want to come and meet us and by different products for them. Budgets can be i watering. Isary Yellow Diamond 200,000. All of the signature compression ring is 25,000 pounds, perhaps even too bling for me. This is very its me not you. Bling for manus cranny, i never thought i would hear the day. Sticking with spending it is black friday as we said and these us says it will be one of the biggest in history for online shopping. Kevin, good to see a we will not all spend 200,000 pounds on a canary Yellow Diamond. How much will be spend . Thee expect this to be Biggest Online spending day ever in the u. K. So we are anticipating about 520 Million Pounds of spending today. Remind us where this comes from . Caroline was talking about amazon and how they were influential and bringing us across this phenomena . Consuming consumers have been soft. Amazon 2010 brought the and youon to the u. K. Can do that for Digital Channels now and get people spending early in the Holiday Season, especially as it is the last payday before christmas so it is a great time and they said last night on tv that consumers are aware that there are good offers and deals to be had. Cyber monday and mega monday, that follows, how does the spending fall between . Ive us some of your insight you