we will speak to the bp cfo.find out this is bloomberg. ♪ ♪ 11 minutes till the start of european trading carried it will be a light session, but bp has reported numbers this morning. -- itjusted net, the beat be analyst estimates, but cash flow came in less than expected. us, bp's cfo. a man who will understand the numbers. good morning. the bottom line looks great. i'm sure you are happy about that, but the market is going to a pet -- pay attention to the -- likew line and you many oil companies this season, a little light. there is a dio -- doj element in there, but the numbers still look lighter than anticipated. to mee going to talk about working capital. explain what is going on? >> we look at last year's first quarter, cash flows up a year ago. we typically build stock through the first quarter as we get ready for our turnarounds and refineries. that builds working capital. as we get set up for the driving season the second quarter. you will see working capital exacerbated byis the price going up. the valu

bp opened higher after reporting its best quarter since 2014. it says higher oil productions helped to last earnings. production for the period rose by 6%. steve, our oil expert joining us around the desk. we're also joined by a member of the investment committee from carmenac these were stellar numbers out of bp today, in line with shell and other companies. it's not all about the rebound in the price of oil. >> it's not. it's about the conversion to cash flow. this is something analysts have been looking at. they've said that's fine, let's turn this into cash flow would covers capex and dividends one number was moving slightly in the wrong direction, netgearing when you consider shell has been concerned about their net gearing. bp moving in the wrong direction that one came in at 2 8.1 by in large these were strong figures. on that gearing front, on that figure, concern about that but the cash flow figure blowing past expectations with a pred p pre deep water horizon number with a 7.1, 7.2. everyone has been worried about cover for the dividen

bp reporter, thank you very much.will join the bloomberg team at 7:30 and there will be a full market coverage there. >> do you know what? i left the apple iphone on the plane. it is in transit. they are going to report the numbers later today and apple has been on shaky ground going into the earnings tonight. investors got some relief when the stock climbed. let's talk about that and what will we hear about the iphone. are enough people upgrading? alex.bring in he joins us on tech matters. apple's.we expect from what is happening with the rest of the business is fewer the czar that revenue is going to grow and the iphone x is very expensive. the other side of the equation andhe tax breaks introduced it could be as much as $100 million. over the next three years, they said they want a neutral $170ion and they have billion and that gives them something to play with. >> where do you focus the numbers tonight? do you look at that or do you look at itunes? where do you look at the most critical part of the growth story fo

bp shows are rising. spoke to bloomberg television earlier. >> at the cash has gone out we have reached the peak of quarterly payments. debt rose. net you will start to see that come down from especially given where prices are today. bring in kelly, who is covering this particular stock as the european well reporter. shares are at an eight-year high, but will prices -- oil prices are lower than they were. what is giving this buoyancy at the moment? you're seeing right now is the result of a lot of hard work they put into place to survive the downturn lowering breakeven cost from the mouth of the oil price needs to be for the profit -- product to be profitable. it has been pretty good for them. caroline: i'm looking at analyst recommendations on the bloomberg. you have the bp stock open. s on the start. some analysts are saying that on the eight-year high, should we see these valuations on bp? kelly: i think it is a good question to raise. if you look down the futures curve for oil, it will not stay at thi

north sea, which bpjointly owns with iran's state oil company — but bp is trying to sell its share. schweitzer is managing director of arjan capital and advises companies on trading in iran. welcome to you, thank you very much for being with us this morning. good morning. good morning. so you are an advisor, what is your advice at the moment? we advise corporate 's on the trading in the middle east, and obviously a line is a very large market. the first advice was be careful and take good legal advice. what i think is going to happen now? what i think is going to happen now? what i think the european countries can try to do to stick together, if thatis can try to do to stick together, if that is what they need to do to protect themselves and the companies that operate within their countries from what president trump wants to do? there is a talk during counter legislation by the european countries, as it was done in 1996 that libya, a little bit not so much tested as a concept but probably worth a try. the second thing, you have export credit insurance and the export credit insurance

a lot of european markets shut for the bank holiday, london is open and bp is the stock to watch. and we'll be getting the inside track on the post—brexit prospects for london's tech sector. we'll hearfrom a leading expert later in the programme. we wa nt we want to know your most embarrassing moment at work. the boss of sainsbury‘s was caught singing we are in the money. use #bizlive. hello and welcome to business live. president trump has delayed a decision on whether to impose steel and aluminium tariffs on key trading partners. in march, the us imposed import tariffs of 25% on steel and 10% on aluminium on the grounds of national security. but the eu, canada and mexico were given a temporary exemption from the import taxes. the exemption was about to expire, but it's been extended untiljune. one country which hasn't received any exemption at all is china, which currently has a $375 billion trade surplus with the us. thank you. our economics correspondent, andrew walker, joins me now. outlining the fact it would seem that the canon has been kicked down the road, what does it te

earningsthough, bp season, shares rising since the highest level since 2010.rs reacting positively to the highest profit since 2014. also it was an earnings beat as the continuing burden of oil spill payments pushed debt higher. the result showing how investors in bp are feeling the effect of two life altering events. the deepwater horizon catastrophe in 2010 which is lifting debt. they are seeing some benefits from rising crude prices after that three-year industry downturn. just the one of the big gainers in london today, the british restaurant delivery firm reporting a jump in revenue. a good start to the year without performance in the first quarter. u.k. order growth -- order growth broadly. the company is attractively positioned even if investments in its own delivery made way on shares. still down about 1% here today following concern regarding the company's plans to expand the online marketplace into a courier service. the stock graduating onto the ftse late last year after tripling its value since its 2014 initial public offering. finishing with earni

monday you have bp's annual meeting. ell's annual general meeting.sday china releases commodity trade data for april. how much oil are they importing and what are they doing with copper? property prices have been slowing down. their property market not as strong. how are they dealing with that? thursday, st. petersburg in international economic forum. some of the big guys are going to be there. what do they say about the state of the commodity world? that does it for "bloomberg: commodities edge." make sure to catch us each thursday at 1:00 p.m. new york time and 6:00 p.m. in london. ♪ jonathan: from new york city for our viewers worldwide, i'm jonathan ferro with 30 minutes dedicated to fixed income. this is "bloomberg real yield." coming up, the week belongs to the treasury bears. yields breaking out to the highest level since 2011. the italian bond market adjusting to a populist government determined to spend more. and e.m. central-bank credibility very much in question. just who is turkey's central bank governor -- the governor himself, or presid

let's resume around up with results from british oil producer bp.morning -- has reported numbers this number -- has reported numbers this morning that be the highest analyst's estimates, but cash flows came in less than what analysts expected. we that so many bucks a barrel. are you surprised it went up a ?ittle bit questio question those relatedn of to a doj settlement, the bullet payment that when out in the first quarter. we reached the peak of quarterly payments, and that is why net debt rose. you will start to see that come down as the year progresses quarter on quarter, especially given for prices are today. retail -- largest posted hired in quarterly revenue. sales doubled. meanwhile, alibaba forecast revenue will grow more than 60% next year. this was a real growth out quarter for alibaba. >> revenue grew 61%. this is the eighth straight quarter that alibaba has posted revenue growth of more than 50%. sold $715 billion worth of merchandise this year. that is $105 for every single person on the planet. -- monthly active users. the big part of

let's resume around up with results from bp. ♪ >> bp has reported numbers this morning, adjusted net but cash flows came in less than analysts expected. it went up a little bit. too many bucks per barrel. it's exactly the plan we laid out this year. it was the $1.6 billion in condo payments, $1.2 billion related to a settlement back in october, 2012. the bullet payment went out in the first quarter. ofhave reached a peak now quarterly payments, and that is why net debt rose. we will now start to see that come down as the year progresses quarter on quarter. ♪ china's largest online retailer posted better-than-expected quarterly revenue and profits. alibaba got more money from businesses and better targeted online ads. sales at the macau unit doubled. alibaba forecasts ti will grow more than 60% last year. >> it has been a real blowout quarter. revenue grew 61%. this is the eighth straight quarter of a have posted revenue growth of more than 50%. that,hings that went into they sold $750 billion worth of merchandise this year, $105 for every person on the planet, 600 million active mont

let's resume our roundup with results from british oil producer bp. >> bp has reported numbers this morningirst quarter that beat the highest analyst's estimates, but cash flows came in less than analysts expected. >> they went up a little bit. we got $70 a barrel. are you surprised it went up a little bit? >> no, it is following the plan we laid out for this year. $1.2 billion of those related to a doj settlement, the bullet payment went out in the first quarter. that cash has gone out. we have reached a peak now of quarterly payments are this year in terms of the condo payments, and that is why net debt rose. it was that plus the working capital build, you will start to see that come down as the year progresses quarter on quarter, especially given where prices are today. >> china's largest retailer posted better-than-expected quarterly revenue and profit. alibaba got more business and targeted online ads. online sales doubled. meanwhile, alibaba forecasts revenue will grow more than 60% next year. >> this was a real blowout quarter for alibaba, blowing out estimates across the board. reve

coming up, bp trading at its highest after beating first-quarter results. we will dig deep into the cash flow and the health of the second or overall with heaven pulled from invesco. live from new york, this is bloomberg. ♪ -- with kevin holt from invesco. ♪ lisa: this is "bloomberg this is -- kailey: bloomberg de." k alex gets 90% from aircraft parts. says he willrman serve another year. he has been there for three years. he indicated berkeley shareholders that a search for a successor is underway. who said the light at the end of the tunnel gets brighter. fund firm aat hedge bridge capital. it is dropping plans to be a child by a china group. they figured getting u.s. approval would take too long. anthonyridge co-founder scaramucci is returning. he spent 10 days as white house communications director. that is "bloomberg business flash." bp shares trading at the highest price since 2010 after the company beat estimates in quarter results. cash flow was lower because of payments related to the spill in told bloomberg news they are through the worst of it no

at the same time, bps ceo says it could lead to a million barrels of oil a day.tracy alloway in upper darby. -- in upper darby -- in abu dhabi. >> there's a lot of uncertainty out there and i think that's more reflected as well as what is happening in venezuela. has bp been buying iranian oil? >> a couple years ago we did. >> but nothing since then. you got knocked a little bit by the market. do you think that was fair? clear in aen really capital framework with lots of discipline. 15 to $17 billion a year. you can do a lot more with a capital today because cost of come down. commissioned more projects than in the history of bp. i think it's all about discipline and care. we have had our own special circumstances coming out of the gulf of mexico accident that we are still working through. >> given the focus on fiscal discipline, would you consider may be rethinking our interests that you have expressed in some of the crimean basin assets that are coming up for bid? far as i know, there are 60 companies involved in that but there are lots of good opportunities aro

bp is trading higher.fore the market open, it is the second-biggest gainer on the market this morning. it's open reached a vision, maybe fetching some interest from private equity. on the downside, what have we got? royal mail trading down. ebf is trading a little bit softer as well. some of the auto stocks are coming back and opening up a little more positively this morning. nevertheless, we are seeing some interesting stories developing. the open has some real changes taking place. european markets have just opened. opening positively here in europe this morning. mixed session in asia. the north korean news interesting. north korea offering a measured response to donald trump's decision to cancel the trip with kim jong-un. you kind of wonder whether they kind of -- they are open to carrying on the talks and picking the u.s. as the bad guy. the market is looking at these as being big geopolitical events. they don't care really about the north korea story. is that the right response? north korea was always

bp and royal dutch shell arbitrating well.s that maybe the exposure to a ron is a factor, but not that big a factor. the higher oil prices probably a much stronger element in all of this. anheuser-busch is trading higher as well. the market likes what it is hearing in terms of this transaction but is making in germany and eastern europe. they are seeing some strength coming through their. take a look at the downside. what you are seeing this morning is compass down a little bit. i will come back to that. airbus is training down -- trading down. suez tradingto see down as well. you are seeing some affect coming through from the iranian transaction. airbus under a little bit of pressure as we continue to see the market digesting the decision by the u.s. president. clearly, that is the biggest story, geopolitical story that is really affecting how markets trade. theident trump saying that u.s. is going to withdraw from the 2015 iran nuclear deal. we are going to keep you updated with all of the europeans stock guys that have expo

bp is selling up to seven packages, including three in the permian basin.y are worth at least $10 billion. next, we will find out why investors are getting spooked by freespending ways under jack ma. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. got the markets opening in 90 minutes. futures pointing higher by a fifth of 1%. i am paul allen in sydney. betty: you are watching "daybreak: australia." let's get to the first word news with courtney collins. >> a white house economist has described the birthday of trade talks as positive. bek says the test will china's ability to deliver on its promises of economic change. it is the first public update on discuss

bp capped earnings season in oil.ker than expect a cash flow, despite the highest profit in years. fully benefited from the rebound in oil prices, plus -- paymentsnding from a 2010 oil spill pushed higher, although bp says it will change. >> as that cash goes out, we have reached the peak of quarterly payments. rose.s why net debt that, plus the working capital bill. you will start to see that come down as the year progresses quarter on quarter, especially given where prices are today. taylor: that is your bloomberg business flash. francine: thank you. prime minister benjamin netanyahu says his country has documents that prove iran had a secret program to build nuclear bombs. an strongly denied the allegations, while senator bob corker said these allegations were in nothing new. >> we knew about their possible nuclear weapons programs since 2013. the obama administration decided not to pursue the issue. it is the biggest secret known out there. francine: for the latest on what these claims me for geopolitics and the m

bps ceo has said the u.s.ithdrawal from the iran nuclear accord could cut oil supply by one million barrels a day. bob dudley made the comment in an interview with bloomberg. >> what we've seen is a withdrawal from the agreement which seems to be the beginning of a negotiation of some kind. it could lead to a million barrels a day off the market. there's a lot of uncertainty out there. that,s more reflected in along with what is happening in venezuela. siemens hasceo of told bloomberg he is not planning an ipo of its digital factory unit. joe kaser also said the company is looking at the new u.s. sanctions on iran to potential impact on siemens. we need to look at what the sanctions actually mean. [indiscernible] that is exactly what we're going to do. taylor: global news, 24 hours a day, on-air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. francine? francine: thank you so much. italy's populist duo have all but com

bp is taking safety to new heights.offshore so engineers can stop potential problems before they start. because safety is never being satisfied and always working to be better. ♪ all night long ♪ all night ♪ all night long ♪ all night ♪ all night ♪ all night long ♪ all night ♪ all night ♪ jillian: up all night at the white house? rob: they probably are. that's in my top five by the way i love that song. classic. jillian: live look at new york city this morning. rob: much calmer and cooler. that storm system brought in cooler temperatures for the weekend. time for the good, the bad and the ugly. first the good. a woman driving decked out dodge charger around colorado to mark national police week she wants families of fallen officers to sign it. jillian: take as family two years to figure out their pet dog is not a dog. it's a 250-pound bear. the family bought it in china thinking it was its tibet tan mastiff puppy and figured out something was wrong when it started walking around on behind legs. rob: it's 250 pounds. fin

bp is taking safety glasses to a whole new level.ers in the field can share data and get expert backup in the blink of an eye. because safety is never being satisfied and always working to be better. jillian: stand up or stay in the locker room, the nfl issue penalizing teams if their players kneel during the national anthem. rob: not everybody is happy how this went down. jackie ibanez has reaction. >> reporter: standing for freedom, nfl team owners approving a new policy requiring players to stand during the national anthem. the only exception, players can choose to remain in the locker room if they want. teams will be fined if they take a knee during the star-spangled benefit they are leaving it to the lead to decide individual discipline for players. this after a declining ratings because of fans upset about the anthem protest, donald trump calling on the owners to fix it. >> wouldn't you love to see one of these nfl owners when somebody disrespects the flag? get him off the field right now, he is fired. fired. >> reporter: roger

♪ bp is taking safety glasses to a whole new level.ugmented reality so engineers in the field can share data and get expert backup in the blink of an eye. because safety is never being satisfied and always working to be better. rob: iran deal now on the chopping block as president trump will decide its fate by the end of this week. jillian: we are now learning that john kerry has been secretly meeting with both iranian and european officials to discuss saving the deal. so is this the real collusion? here the weigh in former state department official under president trump and george w. bush. thank you for joining us this morning, what do you think, is john kerry undermining the president? >> definitely it is. there used to be a saying sayint differences end at the water's edge, that's gone by the wayside, john kerry, leave it to john kerry to take it who -- to a whole new level, senior diplomat and also met with germanses and the french in an effort to undermine the president's foreign policy. rob: how should this be responded and what

allies >>> bp shares are popping after the oil giant posted a jump in quarterly profits. >>> china's hna dropping its bid for anthony scaramucci's sky bridge capital. >>> and the fed meeting kicks off today in washington. it's tuesday, may 1, 2018. "worldwide exchange" begins right now. >>> there's a reason for that music. we'll tell you why later on. good morning i'm dominic chu. happy may day. brian sullivan is on assignment. let's check the early market action right now futures are pointing to what could be a fractionally lower open to start here the dow down about 58 points the s&p down by 4. the nasdaq down by 14. we'll have more on the markets in a moment. first to some big news out of the white house. president trump extending steel and aluminum tariff exemptions for many allies. let's go live to tracie potts in washington >> good morning, everyone. the eu, canada and mexico get another 30 days to try to work this out, the white house calls it a final 30 days the fed line instead of today june 1st for those countries to work out a deal to avoid those steel and aluminum tariffs

>> all right bp i'm sticking with energy yesterday it was suncorp today i'm going with bp as my final trade. >> carrie? >> boston scientific bsx. it broke through that psychological barrier of 30. litigation is behind them. organic growth raised like the stock. >> i was thinking a psychological barrier, i couldn't find one. i would be cboe. >> you know, msg, owner of the knick and rangers, is up 10% most of that is because of the legalized betting. i think it keeps going better. >> mr. new world >> interesting dillard's. we didn't get a chance to talk about that macy's, a very strong department store numbers. the same from dillard's. consumers are okay stay long dillard's. >> that does it for the halftime report, power lunch begins right now. >>> here's what's on the menu today. the russell hitting another all time high is betting on small casts the way to get gains >>> twhat does that say about te consumer we'll talk food, gambling and hoops. >>> and a baby bust. the u.s. birth rate plummeting to a 30 year low could have big implications for the economy. power lunch starts right now

somewhere between 225 and 600 bp bp -- billion dollars.hat means all this delay works to their advantage. look at chinese state media past couple days. they're ecstatic about it. if they're ecstatic, that means we have to be concerned. trish: that's a good point. lindsey, i don't have a problem with the whole trade deficit concept, hey, if we want to buy a ton of stuff from china, so be it, we buy a ton of stuff from china. what i do have a problem with is the idea we buy stuff and we don't charge a tariff but vice versa doesn't work that way. so anything that goes over there is at a competitive disadvantage because they're slapping all kind of tariffs on it. and i kind of think that ought to be really front and center. to ford done's point, i don't think the media would be so psyched over there in china if in fact this was working the other way knowing it is state-controlled media. >> absolutely. to your first point it is a very symbiotic relationship between the american consumer which loves cheap goods from overseas but just as much, ch

. >> reporter: the five defendants chevron, exxonmobil, conocophillips, bp and shell say the lawsuits are unconstitutional. they can't be held liable because they didn't control the oil at the time it was being used. that was in the hands of the citizens who drive cars. the hearing in federal court is set for this morning in system. >> what is the federal government or state government saying about this? >> you might imagine they are going a different way. yeah. [ laughter ] >> the u.s. justice department weighed in on the side of the oil companies saying the u.s. has strong economic and national security interests in promoting the development of fossil fuel. the state of california joined by new jersey and washington are on the side of the cities. >>> eruptions on hawaii's big island are now entering a fourth week. thankfully, the most recent potential crisis has been averted. this is a live look at what's going on. you can see the lava spewing making it very dangerous. we are calling this a lava fountain. the kilauea volcano continues to cause widespread devastation. stunning new im

the group known as the european roundtable of industrialists threatened names likee bp, nestle, and vodafoneandnd tell to resume that time is running out. they warned that uncertainty causes -- genie: tesla has fixed a problem with model three cars that sent shares tumbling. stuart: there was a -- reporter: there was a problem with its brakes. the nexton reversed update, which caused me. firstdel three is tesla's market electric car. they have struggled to boost production to meet demand. genie: to wrap up, walmart is helping its staff go to college. reporter: that's right. read retail chain is offering to pay classes in retail management or business at three universities. one what 4 million staff will be eligible for the program. they will only have to pay a dollar a day for tuition. it is part of a competition these companies have to try and get staff on board and keep them for a longer time. genie: thank you for that, stephen carroll with our business update. ♪ allison johnson is with me to talk about headlines around the world. we start with that incredible twist yesterday from ukraine a

. >> that's the attorney for one of the five defendants, chevron, exxonmobil, conocophillips, bp and shell say the lawsuits are unconstitutional. they can't be held liable because they didn't control the oil at the time it was being used. that was in the hands of the citizens who drive cars. the hearing in federal court is set for this morning in san francisco. >> the u.s. justice department weighed in on the side of the oil companies saying the u.s. has strong economic and national security interests in promoting the development of fossil fuel. the state of california joined by new jersey and washington are on the side of the cities. er b an irony here. we'll talk about -- there is a bit of an ironry here. we'll talk about that coming up -- there is a bit of irony here. we'll talk about that in the next half-hour. anne makovec, kpix 5. >>> this is lava spewing on hawaii's big island right now. it has been flowing for nearly four weeks swallowing at least 50 structures, most of them homes. and it is showing no signs of slowing down. at this time, 2,000 people remain evacuated. offici

morgan stanley bp's natural gas teams use smart app technology to share data from any well instantly. so they can analyze trends and stop potential problems in their tracks. because safety is never being satisfied and always working to be better. jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease... ...and lower your a1c. wow. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fat symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections,

bp is taking safety to new heights.ts offshore so engineers can stop potential problems before they start. because safety is never being satisfied and always working to be better. >>> back now with endgame. the tragedy on friday felt extraordinarily familiar to folks. here's a facebook post. an excerpt from art acevedo, he's the police chief in houston. this took place 30 miles outside of houston and not in his jurisdiction, but he writes this, police chief in houston. i've hit rock bottom. this isn't a time for prayers, study and inaction. it's a time for prayer, action and the asking of god's forgiveness of inaction especially those who acted in solemn manner and call for prayers and will once again do absolutely nothing. yamiche? >> i think that we are seeing a generation, if i had to go to the kids that we're looking at now, we're seeing a generation who grew up at rock bottom. only six years ago newtown, connecticut, had 6-year-olds be shot and guess what? six years later there are 12-year-olds who are activists an

at bp, everyone on an offshore rig depends on one another. that's why entire teams train together in simulators, to know exactly what to do before they have to do it. because safety is never being satisfied. and always working to be better. better things than for rheumatoid arthritis. before you and your rheumatologist move to another treatment, ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well enough. it can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz xr if you have an infection. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests before you start and while taking xeljanz xr, and monitor certain liver tests. tell your doctor if you were i

. >> bp pence also spoke about the migrant caravan, saying they must be treated according to u.s. law. a month ago more than a thousand people fled violence near the guatemalan border by foot, by train and bus. they've been sleeping in shelters. now they being turned away, told the office is filled to capacity. some say it's nonsense and just an excuse for officials to dodge responsibilities. >>> another earthquake in the east bay. it follows a series of smaller quakes over the weekend that rattled danville. this time scientists knew it was coming. jodi, an early warning system for all of us may not be far away. >> reporter: that's right, janel. we have learned an early warning system that would come straight to your cell phone could be made available to everyone by theis fall. this latest swarm of earthquakes is a big reminder, we need it. >> to me, it was a jolt, yeah, just bam. like, are you awake yet? >> i have a shower door that is made of glass, and it rattled. for a second i thought it was going to brake going to break it rattled so hard. >> reporter: that's what people wok

seems like we've bp cooler than average last week and a half to two weeks will we're going to rebound. may will start a warming trend, push our temperatures in livermore, flirting with 80 degrees. never gets out of hand but definitely spring warmth on the way. all right. early in the morning, i notice a lot of cars on the road this morning. maybe that was my commute but what are you seeing? >> a couple trouble spots already out of the central valley so let's head there on our traffic map. does not take much to slow down this commute either. watching news carefully. westbound 580 before north flynn road, no injuries, they made it off to the shoulder. one of the vehicles totalled. part of this may be onlooker delay and part of that our typical back-up we see starting to form this time of the morning every day. once you get past that into the dublin westbound 580 and 680 merge a three-car crash blocking lanes four and five. the two right lanes are blocked. we do have a bit of a back-up approaching that. keep an eye on that drive time so far still in the yellow. quick check of bay bridge

but i think my investment in bp, which is a private equity firm that specializes in digital technologyddle east with almost 80 ventures, that is amazing learning about what is going on in the middle east and the industries to come. francine: do you focus a lot on diversity for your companies? is it important? mohamed: yes, that is important. it is happening naturally. we don't even have to do it anymore. francine: do you have metrics? mohamed: yes, we have metrics. we have kpi's for that. it is happening automatically and i like that. francine: do you think it will increase with time? are you going to see more female workers? mohamed: the female workers are really taking charge. if you look at the people who run my organization, most of our organizations, i would say our most of our organizations, our food boys half -- have to have more of that. look at our government. the highest percentage of senior people in government anywhere in the world. francine: mohamed alabbar, thank you so much for joining us. he is of course the chairman and founder of emaar properties. mohamed: thank you s

national security adviser said disarmament must bp te, verifiable, and irreversible. he says it should be whatqa coloneafi did in libya. mr. bolton: we are looking at the libya model of 2003, 2004. we're looking at what northlf korea itseommitted to previously. jon: look what happened to colonel gaddafi. stthout his weapons, he lo his insurance policy and he was ousted from power. north korea isn't going to go down that route. whng was noticeable this mor was that the white house press secretary seem to put quite a distance between theresident and mr. bolt's libya model. ms. sanders: i'm not aware that is a model we arusing. i haven't seen that as a specific thing. i know that that comment wasbu made, i don't think we are going off -- there is not a okie-cutter model on how this works. this is the president trump model. he is going to run this the way he sees fit. jon: donald ump has invested avily in making this summit a success, and there is no doubt there is determination in the white house that it should go ahndd, but not at any price, there are some intractable i

i helped a lot of folks in the bp oil spill in mississippi and louisiana. i did some legal aide work here in the bay area dealing with limited english proficient vietnamese americans, and i saw myself helping a lot of people resolve the same issues, more or less, again and again and again. and i thought if i were to run for office and were able to affect change at a policy level, i'd be able to help a lot more people with, you know, one ordinance or so. and that attracted me to politics, it attracted me to run, and i'm glad i did. >> gina, your thoughts? >> you know, i actually do think in the asian american community there is the sense of being passive, about not rocking the boat and bringing too much attention to yourself. it's obviously important to speak out and be bold about it, but i do think that, as asian americans, we're also not innocent in this climate of racial tension. so if we can just be the best ambassadors to fight for the rights and things that we believe in, then maybe we can also help support other minorities and people of color. and if

it's being helped by heavyweight oil companies — bp and royal dutch shell are both up. the business news. research seen by the bbc suggests that survivors of domestic violence are facing intimidation when their cases are heard in the family court. many have to come face—to—face with their abusive ex—partner. the charity women's aid says the process can be a major source of fearfor some women. the government says it is consulting on a bill which will tackle the issue. graham satchell reports. isabelle's relationship with her husband started to go wrong after the birth of her daughter. she says he became jealous and angry and abusive. we have changed the names and voiced their words to protect their identities. he started getting angry, he would give me some money for everything so in the end i ended up selling my things and eating cereal so the children have something to eat. i realised he couldn't hurt me any more, i was a shell, there was nothing left so he started on the children. they were really terrified of him. he would start getting more angry and violent and i r

sales are good, we are in about 1000 stores, we only started a year ago and we are in places like bp,d privately in november last year, a couple of notable angels coming on board. how did they hear about it? this was through the network mainly. good to talk to you. it's not for a sweet tooth. it was sweet enough for me. i was going to say for kids as well but i don't want to encourage fizzy drinks! my kids are not allowed fizzy drinks and that might be an alternative because it is fruity and they like the bubbles. good to talk to you and good luck with it. in a moment we'll take a look through the business pages but first here's a quick reminder of how to get in touch with us. stay up to date with all the day's business news as it happens on the bbc‘s business live page. there's insight and analysis from our team of editors right around the globe. and we want to hear from you too. get involved on the bbc‘s business live web page at bbc.com/business. on twitter we're @bbcbusiness. and you can find us on facebook at bbc money. business live, on tv and online, what you need to know when

to put a dictator in aree to help bp and maybe military-industrial complex. so while i love my country and i think my country is the freest country in the world, i think some of these clandestine operations by our intelligence community need to go. we need to ask americans listening now, think if we would not have done that, as i understand it, iran was our biggest ally from world war i through world war ii. there was no better ally in the middle east. their culture is actually closest to america's culture other than israel now in the entire region. so i'm asking your guest, what is your opinion on how our cia actually blew it and created this scenario we are in now? big fan of not a time travel questions. i cannot go back in time and address what happened in 1952. i am not try to diminish what you are saying, but let's look at the current situation. rest assured that our current clandestine service cannot do that anymore because we put it executive orders under three presidents take you from doing that. a look at what israel was able to do because they do ha

she's also a former executive at oil giant bp and has worked extensively in the middle east. on my way into date the taxi driver said to me that the price of petrol is very high now. give us your take on this situation with iran and what it means for oil markets. at this point it is mainly psychological because the oil are still going into the markets. but the markets are getting tight. you may render in december 2016 0pec and ten non— 0pec companies took a large amount of oil out of the market to get rid of this enormous overhang, the price would not move, it fell and fell and fell, and was unsustainably low. they did that and now they have cleared the overhang. at the same time, venezuela is falling off a cliff, literally, in terms of how much it can produce. at the same time there isa can produce. at the same time there is a question about libya and nigeria because they have the road in domestic issues —— their own. now if iran will export less, they exported 2.5 million barrels, if they export less then the situation gets really tight. all right. we shall discuss and unpa

bp has said that even though oil yesterday surged over $80 a barrel for the first time since 2014 itl producers and opec are both about to ramp up production. quick look at the markets... everything looking slack at the moment. ftse is down one third of a percent. quite quiet. that's all the business news. we are back in about an hour. some breaking news coming in from the metropolitan police confirming a 65—year—old man has been arrested on suspicion of the murder of rosina coleman, the 85—year—old lady. she was found dead at her home in romford in east london on tuesday. metropolitan police confirming a 65—year—old man has been arrested on suspicion of murder. an eruption at a volcano in hawaii has sent ash 30,000 feet up into the sky. residents of big island have been warned about dangerous levels of toxic gas and pilots have been told to avoid the ash cloud. the kilauea volcano began erupting two weeks ago — it's last eruption was in 192a. scientists say more activity could be expected. cbs correspondent david begnaud is in hawaii and has been to the evacuation zone in leilani es

business leaders, including from bp, bmw, nestle, and vodafone, told theresa may that "time is runningth korean prosecutors have raided the headquarters of korean air lines, over suspected embezzlement by members of the family that owns it. the company has not commented on the story. leisha sa ntorelli is across this for us, from our asia business hub in singapore. it's not the first time they have beenin it's not the first time they have been in the headlines, this family? no, this family has been in the headlines for all of the wrong reasons. let's start with the father, he is accused of evading taxes, based on an inheritance he got from his late father. today investigators seized documents at the headquarters of korean air following allegations that the entire family may have embezzled nearly $20 million. bad behaviour does not stop there. his wife was questioned by police this week over allegedly assaulting employees renovating her house. and of course the most famous incident has to do with the oldest daughter who served time injail afterfour years ago forcing somebody to turn aro

the price of oil has been going up quite a bit and on the ftse there is lots of big stocks like bp, shell back of that and other energy stocks. you're watching business live — our top story — the world's biggest call to halt tariffs, after talks aimed at persuading china to buy $200 billion of us goods to reduce the trade imbalance. a quick look at how markets are faring. let's look at the ftse100, through that barrier for the very first time of 7800, you can see, 7826, up 0.62%, however, germany not enjoying the benefits today, down by a third ofa the benefits today, down by a third of a percent. and now let's get the inside track on how one charity is empowering rural indians to take up sport and to compete as athletes. india has a population of 1.2 billion but in 2016's rio olympics the world's largest democracy won just two medals. mann deshi champions are hoping to change that, their sports programme has now trained 4000 athletes, out of which more than 150 are playing on national and international level. this year they have also launched a new initiative to help offer training and e

it is working with morgan stanley bp might team up with other buyers and swap oil and gas assets.ties thing up billion to resolve to investigations. an agreement between the bank and the justice department could be announced as soon as this week. >> caroline, concerns about rising u.s. interest rates and emerging-market songs with highest markets could be the most expose. >> it is curious because we look at emerging markets these days and we had a bit of a selloff and we had a bit of a selloff in the past few days and we realize that on the one side of the equation, we have decent growth and fundamentals and debt levels really high, oil kicking up in months months and on the other side, we had noise having to do is trade wars and sanctions, which is why we say for countries like russia and venezuela, the path of asset prices for these countries really come down to what is it that the current administration and the white house decides to do and what is going to be the inision, next collation what will be the response to the likely reelection of nicolas in what will be thehis month

bp i s taking safety to new heights.he even leaves the restaurant. beth! ah... the taste of victory! bb&t. all we see is you. for a limited time at comcast business, when you sign up for internet on the gig-speed network, and leading-edge voice, you can choose up to three solutions based on what your business needs, at an amazing value. need total network reliability? get 4g internet back-up. need a secure wifi connection? get advanced wifi with separate networks for employees and customers. need news and entertainment? get business tv. choose any of these three with internet and voice, and save over 30%.

. ♪ bp is taking safety to new heights.ore so engineers can stop potential problems before they start. . . ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪ rob: all right, welcome back, baby boom at fire white -- hous. coming together for a special photo shoot with the dad's equipment. jillian: so cute. monkey escaped and broke free after touching down in san antonio where he will live in animal sanctuary. rob: there you go. the finally tugly, scuadiver might be getting the shock of his life after great white shark is circling him. jillian: yikes. rob: 15-footer, that's a big great white in florida keys, thankfully he got out just fine that. would be horrifying. jillian: yes, you think? thanks for watching this morning. "fox & friends" starts right now. ♪ ♪ >> president trump and the department of justice are now asking the inspector general to investigate the obama administration and the spying they did on the trump campaign. >> it would very troubling to millions of americans if that too

bp to takeosely with cp sure that us and other agencies have presence at the ports. we have field investigators code located at the ports and we work closely with them in our risk assessment of algae to make sure paying attention to the products that are coming into the country so we can keep unsafe products and violative products out of the stream of commerce it is much easier to stop them at the port and it is to get them back once they are out with the consumer. collaboration and education and outreach is i think critical to the agency's success, and it is something that is very important to me. we have just over about 15,000 types of consumer products. therefore, we cannot do it alone not with our limited object and with our limited staff and the expertise of our staff. as good as they are, we need to reach out and be engaged with other stakeholders must advance our mission, and that is why rachel's participation and other stakeholders' participation is so key because we need that input, we need that expertise at the agency. -- and you are all familiar with what