rio tinto is one to watch as well, impacted by falling iron or prices.ational australia bank had a trading update. although stocks are somehow dumb. we haven't got -- all those stocks are somehow down. the aussie dollar at $.65 u.s.. let's see what we have in terms of nikkei futures. we are keeping a night on rings because of the nikkei cruising at that all-time high it said in december, 1989. futures suggesting is going to be a fairly quiet day. a bit of weakness in the yen relatively speaking, just dipping below 150. oil is an interesting story. . some competing pressures. tension in the middle east, the opec+ curbs. but very weak demand out of china, haidi. haidi: it's hard to underestimate how much money and perhaps sentiment is riding on the numbers from nvidia. options similarly almost $200 billion in market value riding on the earnings report. prices for short-term calls implying that a 10% move in those shares could potentially see quite a bit of volatility. this is the picture as we look at u.s. futures, it was really big tech dropping and dragg

rio tinto is due out in a few hours' time. watching for guidance on china, iron ore demand.ocks unchanged at the moment. trading exactly flat. the msc asia-pacific, up about a quarter of 1%. big earnings season across the region of course. hsbc will be reporting later on wednesday, focusing on the new share buyback program and the economic slowdown in china. traders will be paying attention to any commentary around rate sensitivity during the earnings call. let's bring in our banking and fintech analysts in. what will you be watching for? reporter: we will be watching for the asset quality in mainland china. in particular for those in commercial real estate. we may also want to see if there are any comments on hong kong's asset quality. if we try to go back to the levels you have mentioned, investors are eyeing the possibility of a bigger share buyback program. the payout will be another possible number. the shareholders return in december. paul: we are getting close to take rates. what will this mean for net interest margins? reporter: i think they have come out pointing to

transnational mining concern rio tintos bought more than fifty houses in serbia in the jadar river valleyithium mine. the world's demand for lithium is now enormous; this metal is used in the production of batteries for electric cars, renewable energy sources, and is critical for the transition to green energy. lithium mining can bring big profits to a country, but it can also cost a lot. environmental damage, mining operations of the rio tinto company have more than once led to the pollution of water sources. sergei khlashevsky visited the place in serbia where the gold of our time was found. at the entrance to this serbian village there are abandoned houses, as if after a bombing there are signs: do not enter. the houses where the serbs used to live are now the property of an international corporation and all because of the huge reserves of lithium found here, or rather toxic. a unique mineral. yadorite, discovered here 20 years ago, was named after this river yadr, and of course, then no one could imagine that more than 10% of the world's reserves of scarce lithium, that a serious stru

we talked about some of the minors, rio tinto coming in with earnings.ings dropping in a little under 15 minutes. watch that one as well for around out of what's happening within the mining space when it comes to the commodities story. china will be a major factor for glencore, some concern about the softness and demand for commodities like iron ore out of china. really, that is so consequential. goldman sachs suggesting nvidia earnings could be one of the most important single stock earnings reports in years, and that of course comes after the market in the u.s. we will keep across that story, keep across the conference of coverage of nvidia pre and post earnings. when it comes to monetary policy, it's all about the fed minutes for the month of january. they drop at 7:00 p.m. u.k. time. will they give us more color on the fed' thinkings in terms of the timeframe for those potential rate cuts? there's plenty more, coming up. stay with us. this is bloomberg. ♪ ♪ >> shares of walmart responded well to the big box retailer's most recent earnings report. the

rio tinto we are seeing a 1.5, 2.5 uplift 27 billion.as we mentioned, they did not get the same graded they had a much higher shipment number. overall we think that should more than offset that to end up with pretty good results. haidi: you mentioned how attractive lithium pricing has been. how much of a shakeup or shakeout do we expect when it comes to some of these assets? bayo mohsen: we are starting to see global lithium producers now not able to make their cost. the good news for australian producers particularly i geo and pilgrim minerals is these are among the lowest cost producers globally. though we are expecting lower margins because of lower lithium price, we think with their expansion of production they will still deliver pretty strong cash flows. mineral resources has a slightly more challenging position. they are around the marginal cost. they will probably have to look at making decisions at some point in the future as to how much they want to produce at these prices. annabelle: gold miners, a pretty tough run. the metal p

growing to a record $30 billion it announced 2 additional billion dollars in share buybacks and rio tintof 7.1b. shares of rio tinto down 1.75%. >>> coming up on "worldwide exchange," we have the one word every investor needs to know plus investors are bracing for those nvidia results the dynamics our next guests say could be critical for the earnings and provide more for the value. and in february, we're celebrating black heritage month. here's sharon epperson with black owned businesses. >> black owned businesses grew up 20% according to the most recent government data the's lower than asian and american business growth experts say more action is needed to further these advances celebrating black heritage, i'm sharon epperson. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and dri

rio tinto 1.5 to 2% to around the $27 billion mark. what about when it comes to lithium, big declines this year. we have gone form shortages to oversupply. how much of a concern is this for investors? >> it has been a rocky ride for lithium investors. we have seen lithium suppliers plunge, it has dropped to 85 zero dollars a ton -- $850 per ton. even though we are expecting lower prices to reduce margins, they are among the world's lowest-cost producers, so we believe they will still be able to maintain positive cash flows to be expanded production, and they are planning to increase production over the next couple of years. minimal resources also reporting this week, slightly more challenging for lithium operations as they are producing closer to the marginal cost, so we will be interesting to see with the reaction is from them and other more marginal cost producers if we end up with a period of sustained lower prices. haslinda: how about gold miners? where do they stand with the above $2000? >> we have seen a strong run into gold pric

let's take a look at how rio tinto is doing in the australian session.bit of weakness, off by 1.9%. rio did report after the close in australia yesterday, profits slipping 12%. still playing a decent dividend of $2.58 a share. australian listed shares following the london listed shares lower. fortescue metals is a pure play iron ore stock performing very nicely in the early going, better by almost 2.9%. first-half net income, $3.34 billion, a beat. revenue enderle missed but fortescue maintaining its expectation around costs of $18 to $19 per metric ton. an interim dividend of $1.08. contras, no dividend from the airline. profit was down 13% a year. that was a beat as well. shares doing reasonably well, better by 1.6%. qantas planning an additional buyback above 400 million. we heard qantas ogo -- also getting a new chair as it attempts to build back its reputation, which has taken a beating over the past couple years. later on thursday you can catch our interview with the fortescue ceo. he will be joining tom mackenzie in london to talk about the firm's

alumina, the world's largest producer of alumina, is 80% owned by the australian-british concern rio tintosal. however, the australian government has imposed sanctions that prohibit supplies to our company. and in april last year, rio tsintu announced that he had received full control over the manufacturer. russal believes that the concern thus violated its obligations. avtotur will begin mass production of electric cars of its own design next year. but pilot copies will be presented in the current one. the head of the board of directors of the auto holding, valery gorbunov, said this in an interview with renovosti. in addition, work is underway to produce another electric car together with chinese partners. ferrari shares jumped by... 13% by the close of trading on thursday on the new york stock exchange for one security gave 389.5 dollars. the main reason for the breakthrough is the news that next year the seven-time formula 1 world champion, briton lewis hamilton, will join the ferrari team. the company's published financial statements also had an impact. its revenue increased by 17% la

rio tinto one of the next ones after the bell today. what we see across the rest of the space, it's looking pretty mixed so far. bigger moves coming through in metals. currencies little changed so far. sovereign debt as well, not really moving too much, but i think one of the more interesting ones to note, given what has happened so far in the session, just that positivity that is coming across in hong kong so far in the tech sector in particular. they hang seng up 1.6%. big move coming through, and that really contrasts what we are seeing in the likes of softbank, for instance. that is what has been leading japan stocks lower so far. tsmc seeing weakness. again, that nvidia story. let's get more analysis with our mliv strategist. given that we are seeing that positivity coming back into the china story so far in the early moments of trade, what is driving that, do you think, exactly? given that we are still seeing the csi 300 under pressure. >> at a lot of what we are seeing with the china markets is a very similar daily routine where

rio tinto and glencore with issues there and the commodity prices coming down that very much impactinghe capital returns and also the earnings i want to come back to standard charter. up by 8.256% that really was a lot of strength here. obviously, the ceo was on the show this morning and he was upbeat about the chinese economy. we did see impairment charge, but that is clearly not what investors are focusing on. u.s. futures here with a bit of profit taking at the start of the trading session. dow jones industrial average falling 5. the nasdaq off 40 points off the monster rally yesterday. that's it for the show i'm carolin roth "worldwide exchange" is up next. whoa, how did you defeat them? with a little kung fu strength and by connecting my devices to the most powerful force of all. skadoosh. hah, huh? cool right? amazing. harness the power of xfinity internet and stay connected to the things you love. ah, they'll be like this for hours. hello dad, hello dad, hello da. uh-oh. good bunnies. ahh! >>> it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." >>> we sta

first up, rio tinto's profit dropped 12% on weaker commodity prices and rising costs.company did manage to pay a higher dividend and the company's c.e.o. joined bloomberg earlier today to talk about whether the dividend was too john russ. >> i believe that we are facing an opportunity where the energy transition requires more materials than what we are producing, like aluminum, copper, even more steel as well. so i don't think so. i think we have a controlled growth. that's what our customer needs. that's what the world needs. we can do it in a profitable way. katie: so there you have it, the world's biggest iron ore miner feeling the effects of a disappointing recovery in china. next up, walgreens getting the boot from the dow. amazon will take its place on the blue chip stock bench mark beginning next monday. remember, the dow is weighted based on share price rather than market cap. and finally, planet fitness getting a workout on social media. the company's former c.e.o. is resigning from the board of directors after disagreements about job cuts at the company. the

dani: despite rio tinto's results, the are boosting their dividend per share.her 1.2 billion dollars in student loans, hundred 50,000 borrowers are expected to benefit from the announcement, helping those who enrolled in the government's save plan and wipes out debt for those who are less than $12,000 and have paid at least 10 years, pushing the amount of student loan relief under president biden to nearly 138 million dollars over 3.9 million borrowers. jeff bezos is selling more of his stake in the company. he unloaded another 14 million shares, bringing the cash out to 8.5 billion. he announced his plan to share earlier this month and finished the transaction in nine trading days. jonathan: next, the biggest earnings report of the quarter. >> artificial intelligence with the production and skill of intelligence matters to every single country and industry. jonathan: the latest on nvidia, next. ♪ hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with ever