obviously there's growth concerns, global growth concerns with the data in china norway's sovereign wealth funding, one of the largest sovereign wealth funds out there, is going to diversify away from e & p energy stocks in their fund and that was weighing on the sector a little bit and the other one, the push out of a trade deal. so crude was down a lot. it rebounded i do have a chart. i think you've got to look at this crude chart look where it got rejected at $58. it broke the uptrend that had been in place since the december lows that got me thinking if we were going to have a pushout of this trade deal, crude is going lower. i thought about the xle. four names make up 55% of that i'm looking at the xle, where did that get rejected? at 65. so i think there's an opportunity to get short the xle with defined risk. listen, we may get a trade deal, we may get some stimulus stuff, oil may pop. but i think there's technical damage done and i'm not sure the global economy will turn on a dime the dollar almost traded at a new 52-week high the strong dollar and crude oil not so good together i

twenty two countries have to the twenty five supporter they believe this is a good proposal but china russia norway you know one by one. three different means and different reasons have just taken it apart and kicked into the long grass and from a personal point of view you invested so much time and energy and passion and heart into this. what's what's the food it's horrible you know it's. nearly two years of us working on it. in an r.v. you know there are other good proposals on the table and this proposal in it's is still a good one. and we'll get a chance next year to resubmitted but something's going to have to shift in the next year. it is intensely disappointing for everybody involved but it does just. the challenge we face in protecting this planet evolves especially in the face of a current climate of nationalist and political self-interest. it is not just about the whales and the penguins in the wonder of antarctica it's about us us and our descendants we do we want to leave them a world without wilderness without healthy fish stocks with the ecosystems in tatters. with the first generatio

twenty two countries of the twenty five support it they believe this is a good proposal but china russia norway you know one by one. three different means and different reasons have just taken it apart and kicked into the long grass and from a personal point of view you invested so much time and energy and passion and heart into this. what's what's it's horrible you know it's. nearly two years of us working on it. in an r.v. you know there are other good proposals on the table and this proposal in it's is still a good one. and we'll get a chance next year to resubmitted but something's going to have to shift in the next year. it is intensely disappointing for everybody involved but it does just. the challenge we face in protecting this planet evolves especially in the face of a current climate of nationalist and political self-interest. it is not just about the whales and the penguins in the wonder of antarctica it's about us us and our descendants we do we want to leave them a world without wilderness without healthy fish docks with the ecosystems in tatters. with the first generation to reali

twenty two countries of the twenty five supporter they believe this is a good proposal but china russia norway you know one by one. three different means and different reasons have just taken it apart and kicked into the long grass and from a personal point of view you invested so much time and energy and passion and heart into this. what's what's the food it's horrible you know it's. nearly two years of us working on it. in an r.v. you know there are other good proposals on the table and this proposal in this is still a good one. and we'll get a chance next year to resubmitted but something's going to have to shift in the next year. it is intensely disappointing for everybody involved but it does just. challenge we face in protecting this planet evolves especially in the face of a current climate of nationalist and political self-interest. not just about the whales and penguins in the event it's about. us and. we do we want to leave. the world without wilderness without healthy fish stocks with the ecosystems in taxes. with the first generation to realize the gravity of this crisis. that we m

twenty two countries of the twenty five supporter they believe this is a good proposal but china russia norway you know one by one. three different means and different reasons have just taken it apart and kicked into the long grass and from a personal point of view you invested so much time and energy and passion and heart into this. what's what's if it's horrible you know it's. nearly two years of us working on it. in an r.v. you know there are other good proposals on the table and this proposal in it's is still a good one. and we'll get a chance next year to resubmitted but something's going to have to shift in the next year. it is intensely disappointing for everybody involved but it does just demonstrate the challenge we face in protecting this planet of ours especially in the face of a current climate of nationalist and political self-interest. you know it's not just about the whales and the penguins in the wonder of antarctica it's about us us and our descendants we do we want to leave them a world without wilderness without healthy fish docks. with the ecosystems in taxes . we're the fi

twenty two countries of the twenty five supporter they believe this is a good proposal but china russia norway you know one by one. three different means and different reasons have just taken it apart and kicked into the long grass and from a personal point of view you invested so much time and energy and passion and heart into this. what's what's the food it's horrible you know it's. nearly two years of us working on it. in an r.v. you know there are other good proposals on the table and this proposal in this is still a good one. and we'll get a chance next year to resubmitted but something's going to have to shift in the next year. it is intensely disappointing for everybody involved but it does just. the challenge we face in protecting this planet evolves especially in the face of a current climate of nationalist and political self-interest. it is not just about the whales and the penguins in the wonder of antarctica it's about us us and our descendants we do we want to leave them a world without wilderness without healthy fish docks with the ecosystems in tatters. with the first generation

airspace the european regulator could follow that lead soon and fleets in china oman malaysia indonesia norway ethiopia south korea india argentina mexico and brazil have now been grounded and u.s. regulators have not issued any safety concerns over the jet southwest airlines which operates the largest fleet of seven three seven x. eight says it remain confident in the safety of all its boeing planes were the moral service has been held for the eight crew members who were killed in sunday's crash the boeing seven hundred seven max which travelled from and a suburb are on its way to the kenyan capital nairobi came down shortly after takeoff killing one hundred fifty seven people on board victims came from thirty nations and included twenty two you know to nations staff investigators are examining two black box recorders recovered the day after the crash all of the market will go up to me we came here to pay our respects to our friends even if we cannot seem look at his body we came to drive our tears. where he lost his life and bid him farewell it was a humble guy who was god fearing everyone k

they re up against defending champions norway, as well as the likes of russia, china canada.d world champion isnt the only prize on offer this week. 12 countries, eight days of competition, one ambition, to be crowned world champions. and it's all taking place here in stirling, with scotland hoping that home advantage will help their chances of success. and they were looking good in today's early session, with a win over defending champions norway. good to hear the cloud clapping. —— good to hear the crowd clapping. just maintaining the performance, maintaining consistency, that is what is important. consistency at these championships is also key with these championships is also key with the next winter paralympics in mind, the next winter paralympics in mind, the beijing games may be three years away but with two of the current scotla nd away but with two of the current scotland team, bronze medallists from such olympics 2014, they are very much a target. three world championships prior to the world championships prior to the world championships is really important, if you d

china. of the other headline that is interesting norway's cyber wealth fund is actually going to diversify away from enp energy stocks in their fund that was weighing on the sector a little bit and then the other one pushed out of a trade deal. y crude was down a lot it rebounded look where it was rejected at 58 bucks. it broke the up trend since the december loads that got me thinking if we were going to have a push out of this trade a deal, crude is going lower. the xle, energy select eft, conoco, ex on, slumber j make up 50% of that. where did the xle get rejected at 65? i think there is an opportunity to shet short xle will refined risk oil may pop. i think there is technical damage done and i am not sure the global economy is going to turn on a dime least point. dollar traded at a high. strong dollar and crude high not so good together look out to june expiration, look at the xle, you could buy the xle june 63.56 buying one of the june 63 puts at 290 selling the 61 cost you two bucks breaks even at 61, maybe teen $5 between 6 # and 56 i look starring 56 for the downside of the xle. you are

countries have a larger representation of very big delegations from china japan kazakhstan but also huge delegations from sweden norway you know the countries originally a traditionally strong in winter sports seventy six sets of medals for grabs in the next ten days in eleven differ. one thing quite peculiar though one of the slogans of the winter out here is one hundred percent real that's something which has been unfortunate be lacking here because the temperatures have been higher than zero right now it's about three but we've seen the slopes where the majority of the competitions will be taking place in the next ten days and there's enough snow and . snowboarders have nothing to worry about in that respect so for the next ten days will be said to be keeping you up to date with this really interesting competition here in the heart of siberia. yeah great stuff you can see the excitement there on the faces of the locals as you're speaking out. good luck to all involved and twenty nine. all right let's turn to part where the french couple of course other cities in the country are seeing yellow vest and t. government

norway had an advantage. western europe's largest oil producer was observing the poker game from a safe distance and preparing to defeat china. no god ordered stored in tact for many years much of norway's revenue came from oil and gas exports to countries in the region. then before the crisis hit our government had already decided to diversify the norwegian economy. we needed a broader basis which would make us stronger at concentrating all our growth in one single source of revenue would make us too vulnerable what it would be on. the plummeting price of oil also had an impact on public perception. of formal mortar saw. rock fall in a certain sense it had a positive effect at least here in norway although it helped us move forward in the discussion about climate change cisco and the oil companies grow a bit more open to alternative solutions i'll get a similar. or a more and more citizens and politicians realized that perhaps we shouldn't believe what the oil companies were say every resource is finite even if they try to launch all these crazy projects like this. that helped trigger a shift or. so the scope the needle it.

obviously there's growth concerns, global growth concerns, with the data in china the other headline i thought was interesting that norway'sovereign wealth fund was the largest sovereign wealth funds out there is going to diversify away from -- from m skpp ske&p,n the sector, not going to be weight the so much the other one to push out of a trade deal crude was down a lot it rebounded. i have a chart look at the crude chart. look where it got rejected at $58. it broke the up trend that it had been in place since the december lows. that got me thinking if we were going to have a pushout of the deal, crude going lower, i started thinking about the xle, the energy select etf. conoco, exxon, quantico, slumber j, i'm looking at the xle, where did that get rejected -- 65. i think to get short xle with the fine rick. we may get a grade deal, stimulus stuff, oil may pop. i think there's technical damage done i'm not sure the global economy's going to turn on a dime last point -- dollar, almost traded at a new 52-week high the strong dollar in crude oil not so good together i think you look to june expiration, you look at the xle,

live on these cars and if all of a sudden they're buying tesla cars, norway, the leading car in norway, chinareally hard to make cars, really hard. google wants do it. they dropped out. apple wants do it. they dropped out. china said they'll start and they came to visit me and they told us, they said, ron, i'm so glad to see you again. i made you all this money -- this is the chairman in ten years ago, you made five times your money with us and i'm so glad to have a chance to talk to you again. the stock was supposed to go public at $7 or $8 and they made it public at 6. now it's back to 6.5 again. they told us about the deals in china and the advantage they thought they had and when you look -- they can't even build a factory for themselves. >> fair enough to say that your confidence is not shaken when it comes it tesla. you don't believe the bear case on this? >> what about range anxiety? did you see that >> i didn't get that, though. >> i would get very anxious. and you're anxious all the time. >> this thinking goes -- >> i can get gas it takes me five secondsto get gas. if i got to go to

have a bigger representation a huge delegation from china big also delegation from kazakhstan from japan and also delegations from countries like norway sweden and even canada some trip from across the world to come here to cross and i was going to hot of siberia we spoke to some of these athletes for the experiences here in siberia before you feel very welcome and you know after after a few days here that were adjusted and definitely enjoying the experience it was amazing playing in front of all these fans they're very dedicated very passionate fans and it was amazing to hear them screaming the whole game no matter what it was it was just something i've never experienced as something i'm going to cherish forever it's really surreal to be here in this really amazing because obviously it's a different landscape to will be used to in england and obviously the temperature is the difference a little bit colder than. one of the athletes who have come here to the winter you need to stay out in costly as designed. special attention for show we caught up with. she. is a big believe it or not the united arab emirates probably the only major fi

a bigger representation the huge delegation from china big also delegation from kazakhstan from japan and also huge delegations from countries like norway sweden and even canada some trip from across the world to come here to cross and i was going to hot of siberia we spoke to some of these athletes for the experiences here in siberia before you feel very welcome. after after a few days here that were adjusted and definitely enjoying it was amazing to hear them screaming the whole game no matter what it was it was just something i've never experienced is something i'm going to cherish forever it's really surreal to be here in this really amazing time she is. a little bit colder than. one of the athletes so let's come here to the window you know to see out in crossly as deserves special attention for show we caught up with. she easy unique athlete she is the biggest skates believe it or not the united arab emirates probably the. in a very certain way she is allowed to wear it job during her performances something that the the federation had to change the rules and they did it for one athlete while now obviously applied to everyone else s

norway the latest to say it's closing to the planes. ireland, australia, china, on and on.rcial pilot mark weiss. is this overdone? would you think? >> it's hard to say. it's a knee-jerk reaction to this end i think on the other hand there is a real problem that has to be addressed immediately. neil: when you say a real problem that has to be addressed, both crashes are eerily similar taking place so shortly after takeoff. beyond not, is it fair to say that there might be a problem with the plane itself. you know of other incidents where pilots about a problem maintaining altitude? >> keep in mind that this airplane has only been out for about two years. there is about 350 although the book's call for ever 5000. it's a big moneymaker for boeing. inherently the platform, and the initial 737 platform has been around since the late 60s. it's a very stable airplane. i flew it years ago. it's a wonderful airplane to fly. if the modification for this particular model that need to be addressed and will that change the flight characteristics, the envelope of the airplane itself in

iranian regulators following china and other carriers grounding the aircraft this morning. norwayng its air space to all boeing 737 max 8 airplanes. leaving the united states as the single holdout if you got a call from seattle this morning, eric, and they said what do we do, you would tell them what >> i would -- >> i'm sorry, chicago. >> i would tell them you have to begin with the audiences that you could have the most impact on and there are two of them. there are the airlines and then there are the governments. because if these audiences are with you, you survive. if these audiences are against you, you have a problem. and so far the result is mixed the good news is you have the american airlines and the american government behind you so ultimately what you have to do is shore up these audiences because when you see a lot of these things are sceeen as pr problems but it's not your conventional pr solution. it is an inside game to keep these audiences with you >> so but here's the thing i'm sure there are people inside boeing right now who say, look, we think we can fix the so

norway could today turn up the heat on big oil. what are we talking about? its sovereign wealth fund — the world's biggest — will announce whether it's dumping all its oil and gas stocks. china stock sell—off as export data adds to growth fears. what do china's trade figures mean for the global economy at a time of slowing growth and trade tensions on multiple fronts? we'll put the data into context with our friday editor, economics correspondent andrew walker. today we want to know, as a report suggests the economy needs more women entrepreneurs, what do you think can be done to encourage more investment in female entrepreneurs? it's international women's day, of course. let us know — just use the hashtag #bbcbizlive. hello and welcome to business live. chinese trade figures released in the past few hours have fuelled fears about the health of the global economy. they show a whopping 20.7% fall in chinese exports in february from a year earlier — the steepest decline in three years — after a surprise bounce injanuary. the slide reflects the negative impact of us tariffs and points to a further weakening in global demand. imports fell 5.2%, the third consecutive monthly drop

china today you know led by the working class you know not really a socialist. was certainly not a socialism nor norway and finland and sweden. we prefer to look at what happens to the economy and whether or not people's livelihoods have been improved get well let's talk about some of the rich chinese and what they're up to the who are on the group very well respected research company did a survey of high net worth individuals in china rich millionaires and so and they found that almost half the number of rich chinese are planning to move away from china to protect their fortunes and to get better educations for their kids a lot of chinese billionaires billionaires you know i mean you keep going on about the west the west a lot of the rich people in your country are obsessed with the west they buy houses in the west they send their kids to school in the west they buy western art at ridiculous prices ok. it's part of the investment i buy things in the west as well you wanted i think they wanted to move because of the political environment in china one in five said they want to protect their assets three

china today you know led by the working class you know not really a socialist. was certainly not a socialism nor norway and in the end in sweden. we prefer to look at what happens to the economy and whether or not people's livelihoods have been improved ok well let's talk about some of the rich chinese and what they're up to the who are on the group very well respected research company did a survey of high net worth individuals in china rich millionaires and so and they found that almost half the number of rich chinese are planning to move away from china to protect their fortunes and to get better educations for their kids a lot of chinese billionaires billionaires you know i mean you keep going on about the west the west a lot of the rich people in your country are obsessed with the west they buy houses in the west they send their kids to school in the west they buy western art at ridiculous prices ok. it's part of the investment i buy things in the west as well you wanted i think they wanted to move because of the political environment in china one in five said they want to protect their assets thre

norway, he did not have much success. but around the same time, he found out that one of his songs had started to really make it big in chinae in 2014, and since he4, though to your point, is pretty much unknown in the u.s., u.k., germany, he has had eight number one songs in china. carol: what is it about the chinese market that makes him so appealing that he is not necessarily translating to other parts of the world? >> part of it is that china still loves really traditional pop music in a way that most of the markets in the west have moved away from. a lot of pop that is successful now, you fold in some hip-hop, some dance music. you combine other genres that have taken over the culture of the past 10 years. a lot of the biggest musicians, not just in china, but across asia, are men don't pop stars, k-pop,o-pop stars, j-pop, traditional pop. and china is just such an unproven market. you are starting from square one, and he just chose to put in the effort in a way few artists do because it's hard to make money out of the gate. carol: in general, the music industry in china is very restricted. foreign artists have to get

china the u.s. and seven people from the u.k. six egyptians there were nine ifill paeans seven people from france and one past each from belgium uganda sudan yemen togo norway and. arabia now being told that such a rescue mission is still going on. for more information this situation is still very fluid indeed here at the airport relatives are being directed to information and conflict centers that have been set up we've seen some of them were distraught journalists spoke to several of them one person relative particularly talked about his brother who was coming home on holiday from canada and another family that was very distraught the mother was having difficulties. talking to journalists but then one of the relatives mentioned that their relative a missionary was coming from d.r. . and she had just talked to them just a couple of days back was very excited to be coming back home to be meeting a wee while it's been a few months before she still had stories that are bound to be coming up relatives still waiting for any information they can get about. it is a tragedy that will of course be felt around the world because as you mentioned and as we're hearing

norway, he did not have much success. nothing happened. but around the same time, he found out that one of his songs had started to really make it big in chinatarted to go there in 2014. and so since 2014, though to your point, he is pretty much unknown in the u.s., u.k., germany, japan, the world's biggest music markets, he has had eight number one songs in china. carol: all right, so what is it about the chinese market that makes him so appealing that he is not necessarily translating to other parts of the world? lucas: so part of it is that china still loves really traditional pop music in a way that most of the markets in the west have sort of moved away from. a lot of pop that is successful now coming you fold in some kind of hip-hop beats or some dance music. you combine some of these other genres that have taken over the culture of the past 10 years. but a lot of the biggest musicians, not just in china, but across much of asia are mando-pop stars, k-pop, j-pop, canto-pop stars, traditional pop in different languages. that is one advantage for him. another thing, china is just such an unproven market at this point. almost everybody, u

china to their index. going, hang on a second. we need to slow down and see where the authorities are heading. alix: the sovereign wealth fund in norway is actively selling equities, with the exception of equainor. in 2018, they were adding to shares of most of their oil companies. we talked a while ago when you mentioned europe about the perception of energy equities there versus here when it comes to climate change and such. does this surprise you? gina: not necessarily. they are so exposed economically to the oil and gas industries. the sovereign wealth fund is overexposed as well. it doesn't surprise me that they want to receive that exposure for several reasons. these are stocks that have not worked for a while. this is a secular problem in the energy space. this is not a component of the portfolio. climate change is a huge issue. it's becoming a bigger issue globally. it really impacts the invest ability of certain segments of the market. oil and gas is one of those segments. lity of certain segments of the market. xle, the largest energy focused etf, having large outflows in 2018. that etf is down .5% premarket. 1.5%, that trac

china's tough day, exports falling, equities sinking the most since october and the economy is 12% smaller than estimated. this is bloomberg. ♪ is bloomberg. ♪ norwayinge industry holdings in oil stocks. while the investment scares big oil, it is sending shockwaves across the industry. we spoke with finance ministers about this decision. >> this reflects the risk of the norwegian government already taking here in norway. and removing these companies from the government pension from global will be better attempt to reduce our aggregated [indiscernible] reporter: the biggest integrated companies are the biggest ones for expiration. you feel confident this is enough insurance and enough of a hedge given they are the ones export them for oil? >> the integrated companies are the companies that are about to invest more in renewable energy. those companies would have reduced the investment scheme to an extent we don't think it is recommendable. --how much do you really a really expect them to invest? >> what we see for now is investments are growing. it is an interesting market and it will be [indiscernible] the pension fund want be able to invest in thos