alix: jeff curry, head of commodities research at goldman sachs.dful ofone of the women in the world, sarah or between, will talk about her big plans for xto energy. ♪ alix: i'm alix steel, this is .loomberg: commodities edge time for what you need to know of alternative energy. want to drive an ev? you will definitely want lithium and cobalt. lithium up 13% in 2017, cobalt prices have doubled, and joining me now is claire curry, senior analyst at bloomberg new energy finance. claire, thanks for being here. walk me through the why of the huge price rises in those metals. claire: it is linked to ev's, demand has risen and so has hype. lithium and cobalt prices are rising for that reason. they are key ingredients to lithium-ion batteries. those drive electric vehicles. alix: and they are only produced in a few countries in the world. what about the companies? claire: lithium is a smaller market, and there are only four major players. they really just mine in chile, argentina, and australia. that is why there is a bit of a tight supply around lithium.

we are joined by jeff currie, head of commodities research at goldman sachs.week, everyone wanted to be a soybean expert, but you are a soybean expert. when we look at futures, they rolled over on the trade war issue. the bottom panel shows our soybean exports to china. they are pretty solid. what happened here? jeff: what would happen if they did implement a tariff on it? assuming their demands -- their ability to substitute away from soybeans would be very difficult. they could if they wanted to, but let's ask can they find alternative sources for the soybeans other than the united states? the answer is no. they import 35 million tons of soybeans from the united states. brazil and argentina are the other two largest producers. one thing unique about soybeans, 95% of the country -- comes from those countries. we look at brazil, brazil exports another 12 million tons to elsewhere in the world. so there is no possible way they can replace those soybeans from either brazil or argentina. you also have a very poor weather, growing conditions and argentina and braz

then jeff curry from goldman sachs. let's get straight to the first world news.mmanuel macron and washed and later for the first state visit of doldrums presidency. he will be leaned on to take off the america first policy. his record of consider -- of securing con freight concessions remain patchy. speaking on face the nation, mohammed thomas recessed the islamic republic could restart its nuclear program if sanctions are reimposed on tehran. everybody has advised administration that this is not a bilateral agreement between iran united states and withdrawing from it would be seen by the international committee as an indication that the united states is not a reliable partner. iran has many options and those options are now present. nejra: the uk's prime minister is battling to prevent a cabinet revolt. according to unofficial, theresa may's inner circle thinks she could be forced to accept staying in the customs union because parliament will reject her plan to a draw from it when the issue comes to a vote. such a move could trigger a challenge to her leadership

guests included jeff curry of goldman sachs. 1:00 p.m. eastern, 6:00 p.m. in london every thursday. charts. tv is the function. live from new york, this is bloomberg. ♪ jeff: oil sucked in -- for $1400 are calling gold on a trade war -- what will it take to see that upside? shale. oil loves u.s. the secret behind xto energy's success. thepresident talks about plan and relationship with parent x on. -- exxon. ♪ jeff: i'm alix -- alix: i'm alix steel, and welcome to our brand-new show, bloomberg commodities edge. i have

jeff currie, the head of global research at goldman sachs joined alix steel. rt soybeans from the u.s. best and one think unique about soybeans, and he 5% of election comes from four countries, china, united states, brazil, and argentina. brazil exports 12 million tons elsewhere in the world. there is no possible way they can replace soybeans from either brazil or argentina. knows i have poor weather going conditions in argentina and brazil, so the supplies are being curtailed. implementation will be difficult, but it goes to a broader point, as you dig deeper into goods production and flow around the world, it is not elastic. talk autou production, oil production, or even grains production. the key there is, tariffs are likely to be a regressive tax on the people. your ability to create any big shifts in trade or production is difficult. case in point, look at the aluminum industry in the u.s. you haven't seen any significant research. we'll see if it actually happens. it goes to a broader point that i would say, outside of shale, the supply, whether it is com

we posed the question to jeff curry, head of commodity research at goldman sachs. >> it is pretty limited-- think ability to increase supplies out of the permian, your constrained by pipe capacity as well as pressure dumping oil service capacity. are 1.1,recent numbers 1.2 million for growth. getting higher than that will be difficult. that requires congressional approval. and typically is used under emergency situations. i would not call that an emergency situation. julia: he didn't mention the iranian nuclear deal. joining us is rebecca babin. us.t to have you with i think you would agree with what jeff was saying. as far as the united states influencing opec. there are other avenues. rebecca: i would definitely agree with what he said. think it will be important to focus on the iran sanctions. he will make a decision on that in mid-may. that is one area where he could have a potential impact on crude markets. then again, we haven't seen him signal until this latest tweet but that's was the direction he was heading. it's difficult to say what he will end up doing. julia: difficult to pr

i have jeff curry of goldman sachs. spread, interesting dislocations in the market. and i will be talking with a ceo about individual trends in their own business. premieres at 1:00 p.m. today. that does it for bloomberg daybreak. jonathan ferro of next with the open, looking at the calm in the market. this is bloomberg. ♪ welcome to the xfinity store. i can tell you about... streaming the most free tv shows and movies on the go. yeah, and... xfinity internet. it's so fast! and you can save by... by getting up to 5 mobile lines included. whoa, you're good. i'm just getting started. ♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today. jonathan: from new york city, i am jonathan ferro. this is the countdown to the open, 30 minutes to the start of trading. coming up, global equity markets rallying. the u.s. signaling it is looking to come to the negotiating table with china. jpmorgan and tend building the

curry that's still intact. the mission is being overseen by three illinois and natives jeff walk director of science for the nature conservancy project director bill kleiman and restoration ecologist cody considine. it was a vast landscape dominated by those grasses but the real diversity of the prairie was in the wild flowers the forms the broadly plants and thousands of species of insects and dozens of birds and mammals and reptiles called the prairie home along with the animals like the bison. what was once this bass landscape across much of illinois has been virtually eliminated and turned into the corn belt. but illinois isn't alone since the late one thousand nine hundred prairie grasslands across the united states have been steadily vanishing. i've heard grasslands and general referred to as the unheralded counterparts of the rain forest and grasslands have a critical role in terms of climate change as well in a prairie most of that carbon is stored in the soil and so it's very secure for very long term storage a soil organic matter in essence the plants of the tall grass prarie absorb carbon dioxide trappi

we'll talk live in studio with san francisco public defender jeff adachi about the trial moving forward. (grant) plus... steph curry is practicing again-- but will he face the pelicans tomorrow night? we'll break it all down with gary radnich. (catherine) and next -- a man claims he was roughed up by an officer for riding his bicycle on the sidewalk. but police say there's much more to the story than what the video shows... (lawrence) i'm chief meteorologist lawrence karnow, i'll have your full bay area forecast after the break. (grant) a student riding his bike, says he was mistreated by s-f-p-d officer and it's all caught on camera. as kron four's terisa estacio reports, the student says this never should have happened this is where the incident took place cesar says he was on his bike going down market street that's where the run in with the sfpd officer took place cesar says before he met up with the officer he had been riding on the sidewalk, which is an infraction.. cesars contends that once he was in the street there was no reason for the officer to ask him to get off his bike that's when caesar says the off

curry, they amnt to their bosses and pleaded lith them that they release the body camera video because they want the public to see it. jeff glor: david begnaud with a whole new look at this story. david, thanks. coming up on the cbs evening miws, an ancestry.com d.n.a. test reveals a woman's shocking family secrets. so, that goal you've been saving for, you can do it. we can do this. at fidelity, our online planning tools are clear and straightforward so you can plan for retirement while saving for the things you want to do today. -whoo! while saving for the things with tough food, your dentures may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. you won't find relief here. congestion and pressure? go to the pharmacy counter for powerful claritin-d. while the leading allergy spray relieves 6 symptoms... claritin-d relieves 8, including sinus congestion and pressure. claritin-d relieves more. managing blood sugar isn't a marathon. it's a series of smart choices. like using glucerna to replace one meal or

curry went to their bosses and pleaded with them that they tree lease the body camera video. they wanted the public to see it. jeff. >> david begnaud, a whole new look at the story. i had frequent heartburn, but my doctor recommended... ...prilosec otc 7 years ago, 5 years ago, last week. just 1 pill each morning, 24 hours and zero heartburn. it's been the number 1 doctor recommended brand for 10... ...straight years, and it's still recommended today. use as directed. >>> millions traced the roots of their family tree. for one woman it led to a stunning discovery. jamie yuccas has the the story. >> on popular ancestry.com dna test revealed a shocking secret from kelly's past. who her biological father is. in in a 14 page lawsuit, allegedly her fertility doctor. it claims that the doctor helped her parents get pregnant in 1980. he wreck menned they used 85% mixture of dad's genetic material. and 15% mixture from anonymous donor. the suit alleges that didn't happen. instead, dr. mortimer used his own sperm. when ancestry.com test results said he was her father. she thought there was an error. she discovered her birt

lebron james, steph curry, he's calleded sobs to -- regarding the athletes protesting the national anthem. >> well, you people are so biased. he also has gone after hillary clinton, jeffons, rod rosenstein, president trump is a non-discriminating person. nobody is safe from his attacks. >> congressman peter king, good to have you with us. thank you very much. >> ana, thank you. bye, now. >>> coming up, fresh criticism today for fired fbi director james comey. why a republican senator is now taking issue with the timing of comey's tell-all book. >>> and first, before the bell, here's cnn's chief business correspondent christine romans. christine? >> hi, ana. look for a flood of earnings this week. corporate results are likely to dominate trading again. that's what happened last week. solid earnings from big banks helped boost stocks. the s&p 500 rose monday, tuesday and wednesday before pulling back. this wednesday facebook delivers its report card. we'll see how the company addresses the cambridge analytica fallout. shares have regained ground since the privacy scandal broke, but they are still down so%. so%. >>> and president trump is scheduled to deliver a speech on