india is definitely aware of the japanese domestic side. we're aware of the fact that japan is the only country to have suffered from the impact from atomic weapons. we're also aware of the fact of the fukushima disaster. so we know there are opposition. there is criticism on the japanese side and this could be a steppingstone toward the next stage of japan/india relations. >> reporter: china is on the minds of both countries. japan is concerned about the chinese navy's activities in the pacific ocean. india is wary of china's attempts to strengthen inference on indian ocean. >> we are aware that china is also try ing to increase its presence in india's backyard. see the way china is involved in the construction of the water port. >> reporter: china has been building artificial islands and facilities for military purposes in the south china sea. both japan and india want to make sure shipping lanes remain open. against this backdrop, the indian navy has been conducting exercises with the united states and japan. >> we are very concerned abo

the pact is crucial for india. the rapidly growing economy is suffering from a serious power shortage. modi wants japan's support in building and running nuclear plants. but japan had to clear one hurdle over india's nuclear arms program. new delhi has conducted nuclear tests and has yet to sign the nuclear nonproliferation treaty. in the atomic bomb cities of hiroshima and nagasaki, people worry the technology might be used for military purposes. the deal stipulates that the trade is only for peaceful purposes, and it includes a provision on halting the cooperation. another document confirms that japan can stop the trade if india runs counter to its own 2008 announcement of freezing nuclear tests. >> translator: the pact presents a legal framework to ensure india acts responsibly so nuclear technology will be used solely for peaceful purposes. this is consistent with our position to pursue nuclear nonproliferation. >> the signing of the agreement for cooperation and peaceful use of nuclear energy marks a historic

we already have a prominent community in india.one million community members that are coming to the platform every month and more than 40,000 professionals that are already active in the platform. there was strong demand from this community to localize the platform for them, as well as our users all over the world that are interested in india and everything that comes from india, from ideas to products, materials. emily: it is obviously a huge market. how much business do you think it will drive? >> i think it is going to be very prominent. like every country we launched, we're going to be very focused, localizing the experience, making sure we provide the features and technology and content exactly as needed by these industries. the monetization and business will follow. emily: there are obviously strong local players. amazon is making a bet on india. what do you think gives you the edge? is the only, houzz player that provides one end to end solution, everything people need, from the inspiration and ideas, to the great profession

a lot of clients ask me what can go wrong with india.ack to $60, go oil, that would be a. -- that would be it. what more can they do in terms of the structural reforms they should be pushing through? >> this is where you have to give the administration credit. say, this is potentially another game changer for the indian economy, turning india into a single market, driving huge efficiency gains, so structural reforms have been important. this surprise attack on the black econom, you have to tip yt to the administration. they are really taking some tough choices which should serve india well over the medium term. which was the real single market, the black economy. some are calling it note gate. what does that actually do? it is good for banking, but probably has the ire of a lot of people. economylarge cash-based , 50% of the people don't have a bank account, this is hugely disruptive in the short-term and is causing a gift in popularity for the administration. dip in popularity for the administration. this is disruptive in the short-term

this is a rural part of india. train crashes in india are not entirely unusual, george.his happens five or six times a year, derailments. but i have to say this now with 95 people dead and rising, it's perhaps the most, the deadliest such train derailment in india in the last seven years for sure because there was only one other train crash about seven years ago that killed more people. so this is a real tragedy for the people of india today. >> just keep me in context. india, with some of the largest transportation infrastructure in the world, so a lot of people use this rail system and there's a great deal of concern as you rightly point out. about how many people could have been on these trains where the passenger lists, there is no list. raf live for us in new delhi. >>> now being investigated as a suspect in a corruption scandal gripping the country. her close friend and two former aides were all indicted sunday on charges, including abuse of power, fraud and coercion. but president park herself cannot be charged while she's in office under the south korean constitu

i went back to india to visit my mother. who was in india at that time.y father had passed away and my mother was there. i stayed at a hotel because the home was a little bit more rugged and i wanted the comfort. so, she told me i had to dress up and show up at 7:00 a.m. in the morning. i wondered why. when mom gives you instructions, you follow them. when i got home and sat in the living room a stream of people showed up and would say hello and go to my mom and say, "you did such a good job with your daughter," a compliment, "she is ceo but not a word to me. , when i watched that interplay going on, i realized that i was a product of my upbringing and my parents, if my father had been around, they should get the credit because of what they did for me and to me that allowed me to be who i was that day. and it occurred to me that i never thanked the parents of my executives for the gift of their child to pepsico. so i came back and started to write my reports and senior executives and writing the story , my cultural background what , happened when i went t

david: let's go back to india for a moment. you grew pickup a very close and when you were very say your mother would pretend you are prime minister of india or something. what was the drill she was exhibit?o indra: she was a very bright woman and didn't go to college thinke her parents didn't girls should go to college and they couldn't afford to send college. see lived vicariously through the daughters and kept pushing to be whatever we wanted to you canm big but always get married but dream big until then so dinner table she would this conversation about give me a speech like you are the president one prime minister and one schaefchief minister an no prime s and say minister would do this. she kept pushing us to be better better. if we got one compliment we said done really have well. she really raised the bar on us she gave us hope but the red us firmly into values that i have to get married at 18 which didn't happen. that is what she kept telling y us. david: if you don't get married 18 that is a disgrace? ndra: this is th

fernande.d by on the agenda for the british prime minister's trip to india? course,: she is, of lending a trade deals for the post brexit u.k., but immigration is likely to be -- prime minister is in india seeking to boost trade and investment between the two countries. despite being unable to sign any bilateral trade deals until the brexit decision is finalized, the british government is moving ahead to develop trade ties outside the e.u.. >> we are both firm supporters of free-trade. we both want to be great exporting nations, so we should work together for ththe long-hal to break down barriers. >> but the british prime minister has her work come out -- cut out for her, did a shooting of free-trade agreement for the eu for the better part of a decade. one of the biggest sticking point between the two leaders is visa restrictions. indian prime minister never and remotely is particularly -- british prime -- indian prime -- it has led to a 50% drop in enrollment by indian students. >> education is vital for our students in a shared future. encourageerefore and

reporter: it is just one measure of the fallout from india's self-inflicted cash crunch. prime minister modis' announcement on november 8 that india's two largest in nomination bills would be scrapped that led to protests in parliament and long lines at banks and atm's. the policy is part of an effort to crackdown on tax evasion and modernize india's shadow economy where close to 90% of all transactions are conducted in cash. since the announcement, 80 billion euros worth of currency has been turned in. businesses are scrambling to offset the damage. in some cases playing -- paying employees months of salaries in advance, but india's working poor have few options. banks and atms' are unable to keep up with demand for new notes. >> everyone is in trouble because there is no money in our pockets. we eat one day and go hungry the next. i'm unable to earn money because i'm standing in line. reporter: the government is asking citizens to hold on, saying the short-term pain will give way to long-term economic benefits. kate: very difficult situation for a lot of people in india

adi: india has been a great market for us. we have a prominent community in india.have over one million community members coming to that platform every month and more than 40,000 professionals already very active on the platform. there was strong demand to ,ocalize the platform for them as well as our users all over the world that are very interested in india and everything that comes from india, from ideas to products. we felt like it was the right time to go in. emily: it is a huge market. how much business do you think it will drive? adi: i think it's going to be very prominent. like every country we launched outside of the u.s., we're going to be focused, localizing the experience, making sure we provide the features and technology and content exactly industries inhese india. the monetization and business will follow. emily: there are obviously strong local players. amazon is making a big bet on india. what do you think gives you the edge? adi: basically, houzz is the only player in this industry that provides end to end solutions. everything people need from th

i went back to india to visit my mother who was in india at that time.wed had passed away and my mother was there. i stated a hotel because the homeless a little the more rugged and i want to the comforts. she told me i had to dress up and show it home at 7:00 a.m. and i wondered why but when mom gives you instructions, follow it. when i got home and sat in the living room, visitors and random people showed up. they said hello to me and went to my mom and say, you did such a good job with your daughter. koppelman's to you, she is ceo but not a word to me. onatch this interplay going and i realized i was a product ,f my upbringing and my parents if my father had been around, they should get the credit because it is what they did for me and to me that allowed me to be who i was that day. it occurred to me that i never thanked the parents of my executives for the gift of their child to pepsico. i came back and started writing my direct reports to senior executives. i wrote a personal paragraph of what their child was doing a pepsico and he thank you for the

british prime minister theresa may is in india in her first trip out of europe since taking office.hough the uk's path to leavingg the european union remains unclear. reporter: trade deals worth one billion pounds. u.k. prime minister theresa may is in india seeking to boost trade and investment despite anyg unable to sign bilateral trade deal before the brexit decision finalizes, the british government is moving ahead with plans to develop trade hides -- trade ties outside the eu. want to be great exporting nations. so we shouldld work together for the long haul to break down the barriers in trade investment. >> the british might -- british prime mister has her work cut out for her in a country that has been negotiating a free trade agreement with the eu for the better part of a decade. one of the biggest sticking point between the two leaders is visa restriction. india prime minister is particularly unhappy over restrictions on students wanting to stay in britain after finishing their education. it has led to a 50% drop in enrollment by indian students. >> we must -- greater moped

what we were hearing about india , china's debt, the u.k. brexit negotiations, so there are some watching,t bear worth but it wirelessly not stop them from a december move. time of there was a data. does it at the end of the day feed into this narrative of a december rate hike? >> i think so. the numbers showing the economy is strong enough to move 25 basis points, and one number showing there is going to be some fallout from this move. becauseok at jobs, unemployment benefits rebounded from a 40 year low. here is a wonderful chart to give us a sense of this. toless claims back up 251,000, but that 52 week line is still moving lower. you can get much lower than this in the united states, labor markets are so tight. therembers show their could be some consequences you don't like from this, and that would be housing. in home sales out, down 1.9% october. bloomberg intelligence points out that mortgage rates are rising 60 basis points in october, accelerating after the election, so that will have an impact on the fourth quarter. durable goods o

this reminds me just of the issue of transportation infrastructure in india. back just a couple months back to the overpass that collapsed and so many people were killed and injured in that situation and now this train derailment. talk to us about why these accidents like this train accident, why they're so common in india? >> yes. infrastructure does remain sort of the weakest link in india's growth story and it's always been a recurring problem. you mentioned the highway the overpass that collapsed just a few months ago. train accidents like this unfortunately are quite common. when you look at india's railway network, though, one of the reasons these train accidents are common is because of the sheer size of the network and also because of how old the network is. if you look at the sheer size, if you took the tracks that make up india's railway system and you line them up one after the other, it would go around the earth 1 1/2 times. that's how big it is. imagine the entire population of australia, 23 million people, that's how many people are moved by the

says india's cash fan will not fight corruption.t it will do is hurt ordinary citizens, mom and pop businesses. in his words, those were the largest amount of ill-gotten gains do not hold their wealth in cash. they have also turned it into foreign exchange, the likes of gold or bitcoin. that is not the hugest, most problematic ones. summers himself has advocated the end of large to nominations the u.s. and europe as well. the same argument cannot be made for india, and that is because it is a poor nation. he says the currency measure will not have lasting benefits. the 500 rupee note is widely used in india. compare that to the $100 u.s. bill, rarely used by even the richest americans. that.d: thank you for you're going to have a thick look at the trading day across the asian pacific. into itst getting lunch breaks, giving up some of its early gains. it has been on an absolute tear, a formal bear market. up, a look at jakarta's say or -- shares. they have shortlisted to bias for the company. ♪ seeing is believing, and that's why we'

should india avoid greenhouse gas emission? but they will not admit as we fullt even if they go the course, they will not have forted as much as we have 100 years. charlie: is this your biggest passion? bill: it is the long lead time thing that requires so much coordination and science and politics come together -- i am very fascinated by it. i still have polio eradication and our health stuff as the things where i feel it, gosh, we are on track. we know what to do. this one is in the category of great importance and if you wait 20 years to get started, then the time it takes to invent, to change the system, you are really going to miss the window on it. it has a funny kind of urgency even though the damage in the next 20, 30 years is not that dramatic. charlie: you've got to get it started? bill: absolutely. charlie: you believe you could get to zero by the beginning of the next century? bill: i believe innovation -- there are so many different paths. we only need one of them to work to get us the cheap, reliable energy, yes.

[ cheers and applause ] we're here in little india, and i think this is the best little india in all to throw a party right now. everybody, let's start this party! ♪ ♪ >> put your hands up, everybody! ♪ >> how large is the community here? >> 200,000 people. >> that's india and pakistan and what? >> india, pakistan, a few nepalis. >> so 200,000 and rising quick. sunol is on 1320 on your a.m. dial. himalaya is a beloved pakistani restaurant ran by kaiser lushkari. >> the food here is amazing, like india and pakistani mix together. >> now, how does that work, because over there relations not so friendly. here it is everybody, is it all peace and love? >> yeah, you know, there is no boundaries here. i see so many homes, new homes, new subdivisions and people just going up. on my street, 18 homes. 12 out of them are from other countries -- india, pakistan, malaysia, indonesia. and once you live together, you become family. how many brown people here? any non indians? i want to see non indians. do we have any non indians? i'm going to see how good this asian guy can do a bollywood step. mo

for india's wealthiest investors. she unveiled what she called a bespoke fast-track visa service for high net worth indians and their families. she promised quicker border checks for all travelers from the country to britain. the house of commons holds its first full-scale debate on brexit later. attorney general jeremy wright will appear to answer questions about last week's high court ruling that the government must hold a vote in parliament before triggering article 50 of the lisbon treaty. china has ruled that anyone who supports independence for hong kong cannot hold public office. the decision by the national people's congress standing committee was only its second unilateral interpretation of hong kong law since the former british colony's return to china in 1997. police coupled with protesters in the run-up to the decision as thousands of people took to the streets in support of two pro-independence legislators. china has replaced the finance minister. according to the news agency, the new top finance official

of indonesia,nk india, and malaysia had to intervene.we do think that emerging-market currencies continue to weaken on the back of donald trump's victory because of a more hawkish outlook for rates in the u.s.. with this fixing with what we have been seeing with in yen, also with the euro particular, it is a dollar strength more than anything else. >> you are right. it is a dollar strength story across the board. positivity, the positive aspects of donald trump's infrastructure plan and tax reforms, boosting inflation, boosting rates, and therefore a higher u.s. dollar. that is going against quite a bit of weakness coming through , emerging-market currencies as well, including safe havens like the japanese yen. we think that can continue over the short to medium term. seeing so't the risk many aspects of distortion in the markets, and a lot of it is based on uncertain policy, a government heading into transition, all these moves based on inflation expectations, is there a chance that people will get caught wrongfooted? >> you are right.

[ cheers ] we're here in little india in keemat grocers, and i think this is the best little india inanna throw a party right now. everybody, let's start this party! ♪ ♪ put your hands up! everybody! ♪ ♪ put your hands up! everybody! ♪ ♪ >> anthony: how large is the community here? >> sunil: 200,000 people. >> anthony: 200,000, and that's india and pakistan -- >> sunil: yeah. indians, pakistanis, some bangladeshis, very few nepalese. >> anthony: so, 200,000 and rising quick. >> sunil: yeah. >> anthony: sunil thakkcar is an owner of masala radio, 1320 on your a.m. dial. himalaya is a beloved indian pakistani restaurant run by karachi native kaiser lashkari. >> sunil: so, the food here is amazing. it's like indian and pakistani mixed together. >> anthony: right, now how does that work? because over there, the relation's not so friendly. uh, here does everybody -- is it all peace and love? >> sunil: yeah, you know, there is no boundaries here. now you see so many homes, new homes, new subdivisions, and people just buy them up, and on my street, 18 homes, 12 out of them are from other cou

the size of india's black economy is estimated to be around 20% of gdp. said the new measures will impact the financing of terrorist activities in india, which often use black money channels. javier: that's all for business, now onto sports. brent: england and spain will face-off in an international soccer friendly on tuesday. but the england captain will not be starting the match due to injury concerns. the coach confirmed that the liverpool midfielder will be the replacement. it will be the last of the four match audition as england's interim coach. the spaniards have one four of the six friendly's since then. in tennis news, the opening game at the world tour finals proved to be a walkover for number fi ve. the japanese player made light work of his opponent. he lost the opening set 6-2. he maintained pace in the second set despite best efforts. game ended in little more than one hour. 6-2, 6-3. windfursing's world cup off the hawaiian island of maui. after the trade wind took a break, they return for the final day. an aruban native won the championshi

moving on now to india.eath toll has risen from a train derailment. 142 people killed in the incident. this 23 carriage train derailed early sunday and investigators still trying to figure out what caused it. following the story live in hong kong this hour. >> it's good to have you. first of all, where do things stand at present? when it comes to identifying the dead and finding any new survivors? >> i think authorities have given up any hope of finding any new survivors, george. we managed to check in with them a few hours ago and just two or three hours ago they were hoping to find one more person alive. they said they spotted a hand and they were waiting for a crane to come to help them reach this person. they did manage to reach that person and as they had feared the person was not alive. they did manage to pull the body out. rescue operations have been completed. it has been cleared and the numbers as you just pointed out are really grim. 142 people are confirmed dead in this awful train crash. out of t

this summer she and her husband flew to a wedding in india.for the journey home they were booked on two airlines with two connections, first, air india, and then air emirates, so the india flight landed late, so karen and her husband missed their other flight. to which their said this. >> i'm sorry, there was a no show penalty. >> reporter: arab emirates charged them extra money, even though being late was beyond their control. the new target was san francisco, more expensive. >> they really had us over a barrel. we felt like we had no choice. >> reporter: emirates said she agreed to the fee when she made her reservations. >> the most expensive fees are hidden in these long documents that you have no idea when you book the ticket. >> reporter: when she got home, karen asked us if we could get sympathy from emirates and try to reduce the penalty. we tried, but they didn't change it. they said no-show fees are stated on our website at the time of booking. >> unfortunately the fees are booked on something called a contract of carriage which you a

>> when you talked about transportation in india, india has some of the most extensive transportation infrastructure in world. infrastructure, transportation, it is a concern among officials there. i just think back months ago to the overpass collapse that happened. ravi, it's very early in this situation here, but is there any indication or suggestion as to what might have been behind this? >> reporter: no, there is no sense from the government or the railways yet as to what exactly happened. all we know so far is that it was a foggy night. it was pitch dark as we know since it was 3:00 a.m. a few eyewitnesses say there was a couple of jerks along the way to the point at which the trail derailed. there's no suggestion to say that was the reason why it later derailed. we don't know right now. it's an all hands-on deck for the -- train crashes in india are not uncommon. they have five or six every year. that's because this is a vast network that crisscrosses the world's biggest democracy. large tracks, crisscrossing through rural parts of india which are not well-serviced in terms of b

. >> translator: direct investment from japan to india has increased by six-fold in the past decade. and more than 1200 japanese firms are now doing business in india. >> he asked modi to improrove t business environment in his country by improving government transparency. >> we will of course want the greater influx of japanese investments. for this we will be proactive in addressing your concerns. >> modi said india offers cheap labor and a large market. matching japan's technology with india's people will be beneficial to both countries. >>> here's a look at other business stories we're following. the toshiba group made an operating profit of more thann $900 m million from the april-to-september period. the group trying to recover from an accounting scandal released earnings report on friday. sales of flash memory chips for smartphones were brisk. demands for hard discs for pcs and game consoles were brisk. analysts say the key to the company's recovery is improving transparency and getting the alert tag removed. >>> meanwhile toshiba executives have announced a subsidiary company

india's black economy makes up 1/5 of gdp. reporter: juice stretch out at banks across india.ues stretched out. their bills must be exchanged before the end of the year. after they stopped being legal tender at midnight on tuesday. banks were shot on wednesday to stock up on new notes. they arcing to get their currency swap as soon as possible. >> people are being told not to panic as the exchange can be done until the 30th of december. the banks will be open late every day so there is no need to worry. n waster: the currency ba kept secret until earlier this week when the prime minister announced the bulk of bank notes no longer held value as part of the government's bid to clean up a system that has relied on hard cash. about 80% of india's financial transactions are conducted to evade taxes. for millions of people, keeping cash is a necessity. as there are no bank branches nearby. >> why did the government have to do this? it is going to be problems for the common people. >> modi has done a great job with this move, but he should have planned it better. reporter: cash flow

the agreement will clear the way to export nuclear power technology to india. the pact is expected to include a provision to prevent the technology being used for military purposes. if india conducts another nuclear test, cooperation would be halted. >>> japan and the european union have jointly submitted a draft resolution to a united nations committee. they're calling attention to the need for better human rights in north korea. the draft was submitted to the third committee of the u.n. general assembly on monday. the document characterizes north korea's human rights violations as long-running, well-organized, and extensive. it usuals the u.n. security council to continue to face the issue and calls on it to become more actively involved. >> the government of the democratic people's republic of korea continues to systematically and gravely violate human rights, depriving its population of political, economic, social, and cultural rights. >> a japanese delegate mentioned the abduction issue. japan's government says north korean agents abducted at least 17 of i

india's cash crunch continues to make winners and losers.nd mastercard look to calm out on top, global payment company set to see a surgeon transactions and usage after the indian government crack down on high denomination banknotes. we will look at all of that and market action as well. let's give you the flavor of what is going on in the market. starting things off with a look at sydney, the opera house there , and equity market they're being led higher by those overweight mining companies. we do have shares in those coming about as we saw copper maintaining its climb following a surge in most industrial metals in the last session as well. no trading in japan, but the yen holding on to its retreat. emerging market seeing their currencies appreciate against the dollar. government debt reverting to losses because of that at 100%on now standing that the fed will move by 25 basis points to the upside next month. this is the picture at the moment when it comes to south korean equities, up .6% at the moment. also, this comment saying the bulls h

let us cross over to india. very interesting story. anna: india released its gdp data.'s figures will not impact the impact of the prime minister's decision to 1500 rupee banknotes from circulation. yousef: that is more than egypt. has a coupled in you is fast-paced -- has its coupled india's fast-paced growth story? >> let me explain. on the eighth of november, the prime minister announced control of the currency. the intent was to squeeze out to fake currency in the system in what is called black money. the intent was right but the execution has been flawed. you are seeing a massive cash crunch. because running dry they have not been filled up with new notes. the impact has been cash crunch. more businesses -- no one knows the economic impact of this move on the broader economy and how the economy near bounce back in the term. some estimates say gdp could be dragged down 0.5% which is why analysts are dragging down there estimate. 4%.ow as seven point watch out for the october/december number. the story is how you have the attention of the economy has shifted away fro

there are ties to members of the most prominent political party in india. the president of the united states through interacting with political party officials in india in a way that this, again, raises questions. does he have a particular allegiance to that party? will he look out for that party's interests? these are questions we can't really answer right now but we can ask them. >> and mr. trump has business in istanbul and there are questions about president-elect trump's statements about the turkish government. >> look back when donald trump said he thought there should be a ban on muslims entering the united states. that angered a lot of people in turkey, including the president of turkey and others who suggested that donald trump's name should be removed from a mall he just had opened in istanbul. not long after that, after there is a coup attempt in turkey, a candidate spoke out for trump saying we shouldn't be critical of him that he's tracking down on dissidence, that we should give him space to sort of regain control of his country. then the caus

always i love india, but it is inevitable.y, today or tomorrow, i have to leave the country, not because of the discrimination, but as a jew, to live as a jew. >> reporter: elias josephai may well be that last jew, the one who'll turn out the lights on nearly a millenium of history in this place. for the pbs newshour, this is fred de sam lazaro, in cochin, india. >> yang: finally tonight, an excerpt from an interview done by our own robert macneil with the late fidel castro. conducted in 1985, macneil asks castro to describe how the cuban missile crisis began. castro said that after the bay of pigs invasion in 1961, cuba and the soviet union feared additional invasions into cuba by the u.s. >> ( translated ): the soviets had that concern and we naturally had the same concern. >> reporter: this is after the bay of pigs? >> ( translated ): yes, after the bay of pigs. they asked us what measures we thought could offer cuba some guarantees. the most sure one was the fact that an aggression against cuba mean an aggression against t

it puts an end to black money in india.s spoken about how there are benefits of going cashless. but going cashless does not mean becoming penniless. this decision that was taken option forreated an creating notes. removing cashless transactions, perhaps a few years away. the immediate fate of transitions, we are not sure this is going to drive india to be a cashless society were not. >> a fascinating experience. coming up, why saudi arabia has grand vision for a post-oil from manye looks so bad for so young people. ♪ >> welcome back. >> a quick check of the latest headlines. the lira may fall and raise rates for the first time in a most three years. most economists predict the bank main rates.s seven of the 24 expect a 25 basis point increase. that is the most since december. they began their first easing cycle in march. they have not raised rates since 2014. the publicsing pension agency on the sale of its struggling financial hub. buy it forfering to less than the pension fund's investment. they have failed to attract its

i think of india as paradigmatic . because they do not have electricity, they are collect thing firewood. .he women are breathing smoke they get respiratory disease. it is awful for their health, even if they survive. they do not have light at night to read. they can't get protein in their diet. there is every reason why india should have electricity. it's great for their people. unfortunately, these straightforward path to get there is coal. yet in the is big enough, there's enough people, if they go down that path, we will not meet any of our climate change goals. and yet, today, we have no alternative that is even close includingp, reliability, which is always a fundamental characteristic of energies stems -- systems. you cannot power india as cheaply with the other things as you can with coal. innovationh energy can you square the circle and should india electrify as fast as it can or should india avoid greenhouse gas emission? not him it as we have for 100 years. charlie: is this it your biggest passion? bill: it

india's be is on the brink of an all-time low. this is bloomberg.when opec against look like it is making progress, it seems yet another setback. set to cut production, russia is showing reluctance to curb outflow. . >> this reversal clears significantly for the market. iraq's willingness to cut means that the deal will be better. what is the likelihood of a deal at this point. they were very cagey about it. they would not tell us the limits for iran. there is still a lot of known unknowns. >> there are a lot of unknowns. opec for you. is beinglike the deal inched towards ever so slowly. $30 oil has been thrown around. incentives lot of for opec to get a deal done. >> i am going to rest easy this christmas if i hear that the fed ates 25 basis points. i will rejoice at the end of the year. more on the proposals for an opec deal. ceo withto the woodside petroleum. >> we are still early on. things generally close at the 11th hour. positioning is where the starting point will be. we will have to wait a couple weeks to see that. kind of market are you pr

the glaciers retreating, for example, in india..veled in the glacier has retreated by three kilometers. that is massive. that is evidence in front of you. amy: i want to thank you both for being with us, vidya venkat, senior assistant editor at the hindu, as well as dipti, climate justice and energy coordinator friends of the earth international. as we end today with a poet and activist from the marshall islands sharing a poem about climate change. >> i and from the marshall islands. i'm about to perform my: called "two degrees." the other night my one-year-old was a fever pressed against my chest. together we wrestled with a thermometer that read 99.8 degrees. the doctor says technically 100.4 is a fever. but i can see her flushed face, how she drips across my lap listless. toddlerually a wobbling across the edge of the reef. i think, what a difference a few degrees can make. scientist say if humans warm the world more than two degrees in catastrophe will hit. imagine north america wildfires increasing by 400%, freshwater thousand

i had no idea we had any in india. i think they're amazing. >> and evidently, the flamingos aren't the only attraction for the young visitors. host: on the coast or inland, people everywhere are trying to protect their country's forests. and for the traditional clans of ethiopia, wooded areas are of particular importance. ♪ >> people need the forest. it provides us with food, and wood for our houses, and a habitat for a lot of animals. we are all responsible for protecting forest. ♪ >> as clan leader, i ensure that no tree is felled and no grassland is cleared without my permission. my people can only remove something from the forest if i think it is necessary. ♪ >> our holy sites, the didos, are passed on from one generation to the next. that's where clans pray for rain or a good harvest. ♪ >> the forest is where the gods listen to us. ♪ >> when a sacred spot is destroyeyed, there are repercussions for the people living here. we'll experience droughts s and floooods, which will desestroy e harvest. ♪ >> we feel strong