The future in china is blurry, but the stock is sent to the top of the stoxx 600. And u. S. Criticizes the use of google as lawmakers get set on a landmark proposal to break up the Search Engine in europe. Announcer youre watching Worldwide Exchange, bringing you Business News around the globe. Hi, everybody. Welcome to Worldwide Exchange. Weve got two hours together. I think its fit to go recap the days with us. Youve got the german november seemingly adjusted jobless rate, 6. 6 now. Thats after revised 6. 6 seen back in october. Youre looking at the november seasonally adjusted jobless change compared with the reuters forecast to a drop of 4,000, the seasonally adjusted total at minus 14,000 to just shy of 2. 875. So that figure having hit here in the last couple of minutes or so. Were just seeing the euro on the back of this. Weve been hanging on to that 1. 24 1. 25 area. Looking at what the policymakers are saying ahead of next weeks meeting. And its important to note germany does have one of the best unemployment rates when it comes to the eurozone. 0. 1 from germany this week, confirming germany was able to avoid recession thanks to a boost in exports. This is for a separate conversation, but i still think its incorrect to think that all countries in the entire europe have to have the same jobless rate. Spain traditionally has had a lot higher jobless rate than what weve seen in germany. Happy thanksgiving. Thank you. Oil continues to be our top story today. Oil ministers prepare to gather in vienna with rumors the cartel may not opt to cut production. Speaking yesterday, the Saudi Oil Minister said oil nations had reached a, quote, consensus on oil output. What does that neen . Steve is live in vienna. The ministers are in now. Pretty tightlipped coming into the meeting. We just heard from an opec watcher who thinking they will cut by a Million Barrels a day. But the consensus going into the meeting was maybe they were going to pull back because they didnt want to do the heavy lifting, they wanted to maintain market share and they thought the market would stabilize. He wouldnt say anything this morning when he walked in. But i did catch a pretty exclusive chat with the nigerian oil minutester. She answered my question about what opec would do in the following way. Well, anything is possible. I think that, as usual, we have to have a pragmatic meeting and decide amongst ourselves whats the best way forward. Is it best to stay where weve been or is it best to appreciate our program . And you know full well how difficult it is selling product to the west now, to the United States where you and i have been previously. Youve pretty much been shut out of that market. But the asian market, do you have concerns that theyve been slowing down . Well, we do have those concerns about the asian market particularly since that is where our major exports in terms of nigeria and i think most of africas crude will go do. But i think well wait a little while and see one more question. Do you think its disappointing the americans are producing as much oil as they can and nonopec is do you think nonopec needs to offer a little bit more to the table . I think going Going Forward in the future, we will all have to reach out and sit across the table, whether were opec or nonopec and begin to come to some equilibrium on prices. Therein lies the conundrum. A lot of people want to price higher. They see a fair price at about 1 is 00 a barrel. But who is going to do the cutting . They would have fallen very clearly on the shoulders of gcc and that means primarily saudi and saudi has had enough of losing market share and maybe wants to draw a line in the sand. But as weve heard, some people think think there will be a cut in production. Its all going on upstairs now and were going to go in and find out whats going on any minute now. Thank you, steve. A lot going on outside of opec. We have a lot going on outside of oil, as well. Anna crewchek armstrong, good morning. Good morning. Coming into the studio nice and early. How are you . Excellent. The price of oil having dropped substantially, off by some 30 . Youre looking at whether or not were going to see a cut in production from the opec members today. Whats the impact of oil going to be in terms of Investment Strategy and does it change how you verse investing at the moment . Its getting pretty obvious that unless they do something and take action, it is not very promising for the price of oil. And looking at the u. S. Economy, reduction in the price of oil, oil is not bad for the economy. 10 of the cut in the oil price is boosting economy by 0. 25 or so. So Inflation Expectations are quite low, having in mind the lower prices of oil. So unless opec decides to take some action, i think well see further in the action. Theres a supply including the congress, the ban on the exports, iran discussing whether they should double the production for the next year and so unless strategic action is being taken when is it a good time to step in . If oil prices have come down so much and if some of the Oil Services Companies have seen a drop because of that, when is it can go even lower than it is now. But yes, we are definitely going short on the oil price. When it comes to investment opportunities, i think there are some better opportunities than just looking at the oil markets. What we have been looking at at the moment is japanese story. They simply came back from japan. And the change in the policy of gpif towards its investment is going to have a massive influence on the market. And the timeline is quite precise. The target is going to have a substantial influence on the market. And not just on these equities, but on the u. S. Equities and other asset prices. Why get bullish now . Prime minister abes monetary policies has not worked yet to revise the japanese economy. What tells you now that things will work . And its a good time to see the fruits of the labor of abenomics . We have three hours now working together. But theyre doing this in conjunction with Corporate Restructuring and the ongoing process between the management and the shareholders. Companies are working to give the shareholders more access to the management and the information. The process is slowly evolving. While were at it here at the top of the hour, why are you closing your long position on the kospi . We think theres other opportunities. Pressure in the United States is on wheat prices. We see better opportunity on other things emerging. So short coffee at the moment, long wheat . Exactly. We have a couple of hms coming out of opec. Leaders and different policymakers are meeting in vienna to discuss whether, in fact, opec should potentially cut the production of oil to provide a support to oil prices. We are hearing from the uae oil minister saying hes confident that opec will decide whats best for the market. Oil minister from uae saying Oil Oversupply is everyones responsibility. Hearing from the Iraqi Oil Minister saying they want a winwin with krg. We want the price to be just. We want stability of the oil market. Those are some headlines, again, coming from the iraq oil minister. As well as the uae oil minutester. Taking a look at oil prices right now, trading down about 1. 7 . The light crude trading below the 75 mark. Louisa. So checking in on our European Equity markets, the stoxx europe 600 just a couple of points higher right now. And you would remember when you and i spoke some 14 hours or so ago. Yesterday on the close, we saw a mixed market close in yesterdays session. Markets have been drifting higher by and large looking at some of the core european markets this week. And we are really gearing up for this important ecb meeting next week. Most analysts still think we wont be looking at an increase in stimulus next week, but we had these comments yesterday which we saw some movement on the back of indicating that they might be looking at buying sovereign bonds as early as the quarter of next year. So were still seeing a ramping up in some of this rhetoric from various leaders, whether it be from the ecb or some of the other Central Banks, as well, with regard to support to the weaker economy. When it comes to some of the main movers here in europe this morning, glancing at our main european markets, the ftse, a couple of points higher. 67. 35. The xetra dax higher by 0. 5 . Ftse mib higher by 0. 4 . Cac is flat. Im questioning that, but lets move on. Announcing its first ever dividend, poundland is up 1. 7 . Its dependent on whether or not we see a strong christmas. Investigate have to provide the value. I think were one of very few companies, retailers in particular that at the moment are both the issue price. And the share price is up. Moving on, although infineon saw profit rising by 27 during q4, its been sufrlg just a little bit in trade today. The chibmakers fullyear outlook is to blame coming in below expectations. Its warning on challenging markets ahead. Lower by 11. 5 or so. Danone, pretty flat. Its considering selling a stake worth 11. 9 million. The two Companies Last year, they ditched plans for a nineyear alliance opting for looser cooperation. And last but not least, weakening chinese demand has, again, hit the sales. But the maker of remy martin cognac is sticking to its full year outlook. Stephane pedrazzi is in paris. Dont you fancy a glass of cognac every now and again . Is that up your alley . Not really. But if you want to offer me a bottle of conyak for christmas, actually, theres the louis xiii cognac which sells for 2,500 europe bubbles. Ill think about it, stephane. Sounds like a great present. Well, some of the great presents in china so far. But you know the new anticorruptions law in the country have risked significantly the maximum value in the business context in the country and thats the reason why its suffering in china and thats the main reason behind the drop in first half profits. They are not selling such an expensive cognac. They werent as exposed as remy. That being said, despite weak chinese sales, the average forecast was around 90 million. The Company Remains confident that it will be able to improve its sales and its operating profit of the full year despite the mixed economic climate and that explain why the stock is doing well today. I do like cognac, actually. You do . Yeah. But its that round kind of glass experience. It feels like i should be by the fireplace. Champagne . No, im not a champagne person. Anyway, stephane, we will continue over a glass of cognac one day by a fireplace. Stephane pedrazzi there. I want to show you whats taking place in our bond markets. The tenyear germany, we saw new alltime highs being set in yesterdays trade with regards to buying into some of those debt markets. Incidentally, we saw yields being pushed again to an alltime low 0. 72 . In germany, you saw potential buying taking place in the u. S. U. S. Treasuries triggered by weaker than anticipated data in the states. The fx markets, again, always trading on the back of that data yesterday. The euro dollar sitting tight around 11. 2472 or so. We need to recap whats been taking place in asia in our joef night session. Sri jiggy jegarajah joins us out of singapore. Hi, sri. Hi, louisa. I think to think about a suitably pun laden name for you. Let me work on that. The nikkei 225 under selling pressure on the close. Down by 0. 8 . Were following some stockspecific stories today. Jakarta shares continue to suffer. They were down by almost 8 during the session earlier on today. What i can tell you is that toyota are expanding their global recall of cars to 57,000. They issued a recall for japan of over 7,000 vehicles. The safety crisis with jakarta and the air bags is fair from being contained. We are seeing some volatile strength still in the mainland market. Shanghai composite closing to the good, so still very much basking in the after glow of that surprise rate cut we saw last week. A little more caution for the hang seng. Back to you now. Sri, thank you very much. The opec meeting is the big story today. Angola oil minister, some headlines from him, as well, hes not too happy with current oil prices. Algerias oil minister wants oil prices to return to previous levels. We heard from the algae ya oil minister that they would be ready to cut some of algerias production. They want oil price toes return to previous levels. So potentially some market moving headlines from various oil ministers. Oil prices in focus. Trading down about 30 since june 2014. Well keep you updated on that story. Now, it is thanksgiving and for all of you celebrating the holidays, happy thanksgiving. It was a good day to be a ring tailed lemur in illinois on wednesday. The animals were given an early thanksgiving day lunch. Wow, they really enjoyed. Coming up, we will tell you where in london you can find such a spread. Thats coming up. Welcome back, everybody. Here in america if youre joining us, maybe youre taking a day off and youre up early. Shares in samsung higher after the Company Announced its first Share Buyback in seven years. Amid problems in its mobile division. Analysts, theyve welcomed the move, saying it allows samsung to buy time for its turn around. Becoming a highly competitive environment for samsung, given the launch of the iphone 6 from apple. Will you see consumers switch from samsung to apple now that apple has the bigger screen . You need bigger pockets. Yes. Another big story, google in focus. A European Parliament is to vote later on a plan to break up google and force it to spin off the Search Engine part of the business. Although the vote wont be binding, meps hope it will send a strong message to take a tougher line with the online giant. In the u. S. , senior politicians have criticized the plans with two government committees questioning the eus commitment to open markets. Lets talk about this with john from 3h3. John, do you think this decision could potentially break up google, is this just a way to basically stop google from dominating the online space . Right now, it has about 90 of the market share here in europe. Yeah. Actually, i think its unquestionable that google has large market share. I think the issue at home is whether or not google is providing lock in services, so whether or not its easy for people to jump out of their ecosystem. I think thats going to be a hard thing to pursue a it feels to me something from the eu trying to send a message about how they want koogel to operate. Doesnt this question googles open to a fair and dwal market . Yeah. The outcome could be bad for invasion in that sector. This is so political, though. Some would argue this widens the gap between where the eu is versus the u. S. And were heading in the wrong direction. Yeah. It feels like the nail and the hammer is a much wider issue. I think this is a much more highly charged issue than what is at hand in this report. I think the disconnect between the way that the americans and the eu is seeing this is driven a lot by the political agendas. I think theres concerns over the amount of data google handle. I think the way theyre trying to pursue this at the moment is not the same issue and theyre trying to find a point. It feels also like history repeating itself. Is it the same rhetoric microsoft got during the 90s around having a monopoly during 2000 and wanting them to bundle next door with their service. Were just following momentum for the tech investment, but we dont have a long view in google. As a tech entrepreneur, i want to ask you, when you see this policy, this push back from eu lawmakers, is it discouraging and do you think it will stop others from their presence here . Yeah, i think it is discouraging. I think google has been able to build an eco sent rick of services. Search is so highly engrained in their services. That Business Model is to revive their revenue from search, not from customers. What is three of three . We help Large Companies to innovate. Its very close at hand. Thank you very much for being with us this morning, john. We appreciate it. Anna, how are we supposed to invest . The year is almost over. People now talking about we could get more stimulus measures from Central Banks or the ecb as early as next year. Does that happen or will it change your policy . I think equity markets are going to have further boost. Were looking at different opportunities between the asset classes. We are looking for arbitrage opportunities. We definitely believe in the dollar versus yen. We like sterling and we are shorting euro. So there is a number of trades that are emerging, but i think we are still bullish on the equity market. Ana, where do you see it heading from here, is it 120, 119 . I think it can go even lower with the whole monetary status in europe. Are you celebrating thanksgiving today . Youre not american, but no, im not american. But happy thanksgiving for everyone who is celebrating. Yeah, yeah. Youre celebrating, though . Absolutely, of course. Its an american tradition. What are you celebrating for . Oh, family. I think when youre thinking away from thanksgiving, you value them even more. Happy thanksgiving, mom and dad. What are you thankful for . Happiness, love, life, success. I completely agree. And yourself . Definitely health and love. What are you thankful for . Let us know. Find us on twitter. Our director says, im thankful for the break. Youre stuck with us for another hour and a half, adam. Today, more trouble for takata as toyota is ramping up its recall of the potentially deadly air bags. We cross to tokyo for the break after the latest. Also, we have an exclusive interview with the coceo of monetize as it looks at a new partnership in the mobile payment space. Again, happy thanksgiving. Find us on twitter. Well see you in a second. Nigerias oil minister tells cnbc exclusively that anything is possible. Well, anything is possible. I think that, as usual, we have to have a pragmatic meeting and decide amongst ourselves whats the best way forward. Remy admits its future in china is blurry, but theyre at the top of the stoxx 600. And u. S. Politicians criticize the eu treatment of google as lawmakers get set to vote on the landmark proposal to break up the Search Engines business in europe. Hello, everybody. Welcome