starting with commodity producer, it bhp billiton down 2.7%. bloomberg has a default risk model indicating that this company's creditworthiness is the highest with a triple be scored. -- triple bletter scored. and iron orein oil has also been putting pressure on this company. glencore, this is the worst performance of this year on the ftse 100. it has lost two thirds of its value this year. it looks like it is trading lower today. the analysts are saying that it may be on the cusp of a rebound. down 5.2% at the moment. as for the astrazeneca, we have talked of the pfizer allergan deal which could happen as soon as today. withzeneca has agreed perrigo to do best u.s. rights. it will help it focus on its three main there be areas and it's quarter guidance for this year has been maintained. i want to give you a check on the commodities. crude holding below $42 a barrel. gold up as well by six has a 1%. copper has dropped to a 2009 low. a little bit of a pullback. the back of the commodity mine this morning. french pmi, manufacturing is much better

bhp billiton says it has not received any notice yet that this lawsuit will be filed.committed to rebuilding and the plume of mud has made it into the atlantic ocean. canceled alls holiday celebrations, as it deals with this tragedy. they have been facing protests as well. this lawsuit is adding pressure on bhp in the commodities space. 2015 has been a year to forget. pricer price -- iron ore surging downwards. talking last week about how this is putting pressure on bhp's credit rating. if we take a look at the stock this morning, 1.7%, down nearly a third this year. a lot of pressure on the stock. a lot of people have seen a lot of wealth being wiped out. allen, thank you for staying on top of that story. asia, we are continuing to talk about the environment. the air in beijing was officially hazardous on sunday with pollution at its worst for 13 months. pollution and china and other countries will be among the issue on the agenda of the u.n. climate conference in paris. talkse can expect at the begin, obama has arrived, and we have other world leaders as well. will a

we've already heard from bhp billiton this morning, saying, we respect the u.n.yet but they say there's no danger to human health. overall, we are getting from the u.n. that this is a disaster. what will be the ramifications for the companies behind this? great tragedy. they now have to work out what they have to do. caroline, thank you very much. caroline hyde on the metals. up next, property problem. conservative candidate for the mayor of london tells us about his plans to tackle the housing crisis. ♪ anna: welcome back. some breaking news for you. we were expecting david cameron, we are expecting him to speak later in the house of commons about the serious situation. he's published the case for syria strikes as the british government is calling it. he says that the u.k. caps on product -- can't subcontract security to other nations. he says that 800 britons are of a security concern. they have traveled to syria. he's putting his case to parliament. forants to gain support extending the u.k. bombing activity. he wants that to be expanded and go into syria. he

bhp billiton is one of them. its lowest level in seven years today.orld's biggest mining company, it faces a downgrade to its credit rating in the next 12 months. standard & poor's says the move response tohp's falls in iron ore in oil prices. the portions of this index very much tied to the fortunes of industrial metals. an index gauging the industrial metals has fallen to its lowest level since 2000. platinum may prove to be a good bet after slumping to a seven-year low. just looking at one currency that is rising against the dollar today is the malaysian riggit. the world's best performing emerging market currency. crude oil rising for a second day. saudi arabia yesterday reiterating its commitment to stabilize the global iol market -- the global oil market. is one of the worlds worst-performing major emerging market currencies this year because of china slowdown. the decline in oil and the prospect of a rate hike in the united states but it is rising today, up by 1.4% against the dollar. a move away from risk assets today. manus: thank you very mu

, prosecutors are planning to request a suspension of the operating licenses of mines owned by bhp billitonsearch continues for victims of the massive mudslide that was triggered by ruptured dams in the iron ore project there. bhp says at least 15 people are still missing. the chief executive is fine to brazil today. deutsche bank says the cleanup task could exceed $1 billion to support her of myanmar's opposition leader aung san suu kyi feel that they have won the country's most important election in decades. officials say a final tally could take weeks. the nlb says it is in a good position. they won an election in 1990, but the military ignore the result. malaysia's current president currentmyanmar's president says he and the military will accept the outcome this time. india's prime minister narendra modi lost a crucial election in behar state. modi's alliance picked up just 24% of seats. the election will embolden his critics. analysts expect stocks and the rupee to fall when trading begins later. next, a long hello. leaders from china and taiwan, was 70g a handshake that years in the m

bhp billiton is offering support >>> frogs disappearing, scientists say it's due to a fungus. there's a push to ensure their survival at a laboratory in panama. david mercer paid them a visit. >> reporter: inside the laboratory, an hour outside panama city, scientists work over time. for this investigator the motivation is clear - a chance to save frogs from extinction. with a deadly fungal disease threatening amphibians, the work is vital. >> translation: we are in a race against time. the fungus is spreading east across panama. we have to rescues individual frogs before the fungus gets to them, and use the frogs to establish healthy populations. >> reporter: the new state of the art lab is allowing researchers to look at ways to protect amphibians from the fungus, and get them back into the wild. a third of the amphibian species are in danger of extinction. 30% of frog species have been wiped out. scientists say programs like this are essential to their survival. building a lab in central america brought new changes. without stores to buy food for the frogs researchers have

bhp billiton down by more than 2%.l said it would take more than $5 billion, the -- compensation for the mine disaster. 13 people are confirmed dead after the collapse of two dams with six others still missing. it is not yet had any formal notice of the lawsuit, billiton. world leaders are gathered in paris for a world summit. the 195 countries involved have already pledged commitments. ended inhagen summit disarray. beijing had a clear reminder of the climate challenge it raises with hazardous aleutian on sunday. the first orange alert in 13 months. let's get to the opening here in hong kong. haidi: it is looking bread. we have been bracing for this. the 10th of 1%. hong kong extending gains from friday. down by 4/10 of 1%. we are keeping an eye on those brokerages after they plummeted last friday and also after news over the weekend that a number of them are facing -- four shortselling. we are seeing a little bit of a bounce back for this -- for some of the securities. we will try to get you the numbers on some of th

. >>> shares of bhp billiton fter last o decline week's deadly dam breach at its jointly owned iron orein brazil. the mining company said today that it has not determined what caused the dam to fail but one analyst puts the economic damage for cleanup and rebuilding at more than $1 billion. and that same analyst said it is possible the mine stays closed until 2019. shares of bhp fell more than 2 1/2%. >>> general electric will help modernize india's rail system. the company won a nearly 2 1/2 billion dollar deal to supply and service 1,000 diesel locomotives. the agreement is ge's largest ever deal ige india and the biggest contract ever won by its transportation unit. separately, ge's aviation unit secured a $16 billion deal with dubai's emirates airlines. the contract includes maintenance and repair of the engines that will power t airline's fleet of certain boeing aircraft over 12 years. >>> hertz posts afternoon earnings that missed the street estimates and that is where we begin the market focus. the car rental giant saw its profits rise in its most recent quarter but its bottom li

bhp billiton on the decline in sydney this morning. the cost of the disaster could top $5 billion.allen has been watching the story for us. the lawsuit likely to go ahead? is still very early hours of monday morning in brazil. we understand the lawsuit will be filed this morning. that is what the attorney oferal says, seeking damages $5.2 billion. the money will go into a fund to pay for the cleanup over the next 10 years. all of this relates to that november 5 disaster. 50 million tons of mine waste went down into the valley, 13 confirmed dead, six still missing. the first of the high profile court cases look set to get underway. bhp says it has received no formal notice. they are committed to building -- rebuilding the mine. been a veryhas tough here for bhp. this is just the latest. paul: we see a lot of pressure on the share price this morning. it is down 2.7%. pressure on all four of their commodities, particularly iron ore. todaybelow $40 per town -- per ton today. it all feeds into a broader narrative of what we have been talking about the last week or so. they may be at ris

bhp billiton, the world's biggest mining company drop to a 10 year low in sydney trading. down 1% in london. we heard today on standard & poor's that this company may face a one notch downgrade to its credit rating in the next 12 months. volkswagen, could be a bit of good news. they signed a program because they have had approval to repair most of their rate european edges. they also made a deal with u.s. regulators to resubmit some questionable software. rolls-royce down seven to the 1%. we know that after the profit were this company gave earlier this month, the stock took a battering. update, the an company is saying they will change or restructure to cut 2017 on words.m changes could be painful in the near term but the long-term outlook is positive. the stock is up by two dozen 1%. jonathon: a couple of minutes into the session. the ftse 100 off by 4/10 of 1% and the dax down by a third. a choppy session in asia. yvonne: next picture in the asian market today. following the call on wall street. not too much action as the u.s. has into the thanks during holiday. volume

bhp billiton is switching into positive territory as well.d price has continued to rise today, up by about .6%. certainly a flight to safety. the oil price also getting a kick up because there are going to be some supply concerns. dip,tle bit of a get -- below theices still $42 level that we saw last week. currencies in focus. the japanese yen, another flight to safety. again is losing some of its gains from the early session, but still stronger against the dollar, up by around .1%. as well has been falling against the dollar, down .5%. certainly that story of investors fleeing to safety in assets, the order of the day. we are expecting some short-term volatility. the japanese volatility index up by about 14% at the moment, angie. angie: thank you so much. let's head over to paris, where we have caroline connan joining us live. she is in front of the concert hall where so many died. 89 there. what else can you tell us about the investigations as they intensify? caroline: there is one piece of information that we learned in the last few minute

mining companies like bhp billiton continuing to expand low-cost iron ore supplies.is the global benchmark. 62% contentwith delivered to qingdao. its thirdrack for straight annual drop. that is the record. shares up after positive earnings today. positive earnings in five years thanks to domestic demand. the biggest gainer on the stoxx 600. it is seeing turbulence in some of its markets. the company says the new fiscal year got off to a good start with encouraging bookings for winter and summer travel. it has had to whether those terror attacks in tunisia. political and financial turmoil in greece. earlier this month, it evacuated customers from greece after that suspected bomb brought down a russian airliner. at 10:00 london time, the ecb releases its financial stability review. interesting comments from mr. stiglitz earlier, joseph stiglitz they nobel prize-winning economist. he said that when mario draghi said he will do whatever it over, that only papered the cracks caused by the faulty design of the currency bloc. was savedaid europe by draghi's statement. call

bhp billiton falling below 20 australian dollars i share for the first time in years. subdued session in the agent -- the asian region today. jonathan: thank you very much. here's what's happening in today's program. first, the terror raid in paris. police surround suspects in a suburb. dollar liftoff. the greenback trades close to a record ahead of the october minutes. and, commodities casualty. glencore faces its longest losing streak as the metals rout takes the wind out of its debt cutting plan. first, we start in paris, where an address linked to friday's attack is being rated. three people are said to the killed. the french prosecutor has confirmed the target of the rate is the suspected mastermind of the attack, abdelhamid abaaoud. inndan greeley is saint-denis and joins us live. give us the update. brendan: this morning, several residents were broken with explosives and told to remain in their homes. that order has been lifted. they've been moving the police cordon in. we are now about 600 meters from the address where the attack took place. what we know so far

that was led by a big game coming through in bhp billiton shares. , which yesterday fell below $20 a share, today were up by over 3%. the line holding its agm was questioned about that fallout in brazil. a lot of them said, can they afford to pay out dividends. semiconductor, a big gain , lifting the taiex. it was the best performer by index value on the msci asia-pacific index. softbank in japan, weaker. that was as the bank came through announcing a massive bond purchase sale and a lot of analysts saying softbank has to stop attacking the markets for cash. generally, a positive session in the asian region today. likewise in europe. juliette saly, thank you. here's what's happening in today's program. said minutes suggest the center of gravity on the fomc is shifting towards a december hike. $40 crude, u.s. stockpiles increased. and, 2015 is set to be a record year for deals. the biggest since 2007. jpmorgan's cohead of m&a joins us later this hour. are the hawks taking over? federal reserve minutes reveal that most participants agreed conditions to trigger a rate hike could be met

the dam is jointly owned by two mining giants, vale of brazil and bhp billiton of australia.eanwhile, brazilian oil workers are on strike in efforts to stop the privatization of state oil company petrobras. it's being called the most disruptive strike at the company in 20 years. simao zanardi, the leader of the refinery union, spoke out. inwe will remain on strike to the government gives us the sign that it will not accept to negotiate the privatization of petrobras. we also want them to finish the works at the refinery. the petro complex of revisionary and the fertilizer factory. these three projects are vital for petrobras in brazil to conquer the sovereignty and energy. amy: in harrisburg, pennsylvania, a police officer who fatally shot an unarmed driver in his back as he lay face down in the snow has been acquitted. in february, officer lisa mearkle tried to pull over david kassick for allegedly having an expired inspection sticker. she chased him to his sister's house, where kassick got out of the car and ran into the backyard. there the officer repeatedly shocked him wi

starting with commodity producer, it bhp billiton down 2.7%.

right now we're seeing gains with bhp billiton looking like this today, up 1%. overall we saw that london sell off coming after united nations set wastewater from this months dam collapse in brazil was toxic. let's get to paul allen in sydney for more on this. the u.n. warning, really contradicts bhp's position. is that right? paul: it does, completely. bhp has previously said that the mud, the 50 million tons of mud that spill from the dam was not toxic. the u.n. says otherwise and has taken samples from the water from around the site and further downstream. it found varying levels 165% times higher -- manganese levels 1000 times higher in arsenic levels 2600 times higher around the site than at the other site they took downstream. they went on to say that bhp and samarco did not take sufficient steps to prevent harm. bhp has not commented directly on the report but previously they did say that the contents of thae dam were not toxic. and it will behave in the environment much like any ordinary soil. interesting, getting into some difficult territory. after the

bhp billiton is graded at the highest a level by the three major ratings companies straight it is riskingthe slumping prices of oil and iron ore, we have david stringer joining us right now for melbourne. david, there doesn't seem to be and a way out of this as commodities continue to fall. david: good morning, and that's right. the collapse in commodities prices continues, as you top earners,p's we have seen the prices of all of those things tumble through the year, iron ore is down 1/3 in 2015, and that is the company's highest earner. what does all of that mean for its credit ratings? they already say they have a negative view on the country's credit rating precisely because of those tumbling prices. isyou mentioned, bhp currently rated at the highest a level by the three major ratings agencies. if we look on the bloomberg terminal and we look at the default risks function, that suggests its creditworthiness is more in line with the highest triple b rating. we're also saying for catherine banks including macquarrie, commonwealth of australia and deutsche bank, they're all expecting som

you see bhp billiton here in purple. production as the price continues to fall on their biggest buyer. in might as will be there only buyer. erik: but it is a rational decision that they compete on marginal cost. marginal cost of extraction is not that high. >> i liken it to it is turning a barge. it takes time to turn a borage. commodity production is a long-term business, and long-term trade. commodities were the first currency of the world. before paper currencies existed and even outside of gold, commodities were currencies. a think it is more like borage, and in order for some of the supply to turn around, just like we accelerated into the 2008 2009 -- 2007, in fact, i have been meeting with investors from 1998 with my saying we are having emerging markets move up the food chain. everyone ignored me. i mean, i had big, big funds that only approached me after meeting with me every year from 1999 in 2008 and then wanted delivered product. we think it is the reverse of that right now are not quite to that point. >> on

tom: i use the word hydronic, billiton,ncy, bhp copper, zinc, there is hope to the acceleration lowerstory is that is not pretty. what will executivesit is imporh do? l: good question. glencore has cut the dividend. if it keeps happening, the dividends are going to come into focus at other big mining companies. i think the dividend is likely to be cut and that has been signaled. rio in good shape. if this continues, especially iron ore, dividends look for a response. francine: i am not sure quadratic is a curve, i think it is an equation. let's get jane foley's view. jane: seems like there is a similarity with miners and oil. there is an oversupply and job losses but we are still seeing the australians and brazilians shipping iron ore in huge quantities to try and keep the unit prices up.china is still absorbing huge amounts of these quantities. does that mean we are going to have more job losses? will: the difference between oil and iron ore, oil sub $40 is not terribly profitable. they are stillo, making money even at lower prices. what they are doing is squeezing out of the market.