plenty more still to come from you, ramin.e are going to talk about what is happening in the u.s., the data, what comes next. how data-dependent are we? we are only a few minutes away from the european open. supermarkets are one area of interest. big movers yesterday, sainsbury out with numbers, mike gupta talking about his m&a strategy. we will have all of that in just a moment. london, waking up. a lovely morning. a little frosty out there. ♪ guy: 7:51 in london. let's get you up to speed. caroline hyde has details. caroline: everyone is talking about the rebound we are seeing an oil coming off that sub-$30 low. i want to focus in on an oil stock that could jump about 4%. tullow gave us its results. it paints an optimistic picture if you are hedged. they had been hedged to the tune of 52%. they hedged an average of $75 a barrel, more than double where we are seeing trading. analysts say they are liking the revenue. admittedly, it was down 26%, but the fact they have positive cash flow, that hedge seems to be helping things.

ramin: we called it pretty well the way out.would rise and it did. -- at theo going moment there is very little. i don't expect a massive upside to m&a activity in the u.s. as a whole. that is the biggest impact of u.s. so on it -- so of oil stays where it is, will see a widening illiquidity than in the energy sector we have seen it spread to ig. ig energy companies with aa ratings, their office spreads have been blown out. that is a big worry. jonathan: hold that thought. ryan chilcote, thank you very much. we're going to move things on from credits and stay on fixed income. ramin nakisa is going to stay with us for that discussion. ronnie is holding a news conference. it is the european talk for iran. he heads to france next. up next on this program, more from our guests, ramin nakisa. .quities lower the ftse 100 down by 33 points. the dax up by .3%. ♪ jonathan: good morning. welcome back to "on the move." guy johnson along for me -- alongside me. the decoupling of the equities in the u.s.. to?ks, all right, but bonds guy: you

ramin, good to see you.ust following on the story i told mtold my audience, what sof influence does iran have in the middle east? >> that's a terrific overview of a very complicated situation. iran's influence is the shia-led clerical regime, first shia led clerical regime in modern times, it gives what in many countries a minority the sense that there's a country that looks after their interests. sometimes iran manipulates those interests, sometimes it looks after the security. so iran's influence is wielded in a number of ways, and one of them is through its shia religious identity. >> you know, the iranian government is really a theocracy, other than the vatican it's the only theocracy in the world and hence that's what it claims as its letting legitimacy. but it gets its power from the clergy. these two countries are battling to be the heart and soul of islam in the middle east. >> yes, absolutely. saudi arabia and iran both have various important roles for religion within their societies and a very larg

i'm ramin mel gaarde at the tokyo stock exchange. >> thank you. >>> "newsline" is airing a five-part series about the economic outlook for major countries. today we focus on the world's second largest economy, china. we asked an expert what he expects in 2016. >> very nice to meet you. >> thank you. >> reporter: this is dean of the asian development bank institute. he first went to china in 1991 to promote policies for growth. since then he's seen the economy shoot up and slow down. what kind of year are you expecting for china in 2016. >> i think it's 5%, 6% in china. domestic consumption and investment if the economy and expectations continue. it used to be 7% and then now many people believes it is 6.5 or so. i think chinese export oriented growth will be slightly damaged. because of slow growth of international market. but some economies in china hopes domestic investment will take over exports, especially in middle-class income people are growing and consumption will grow. if they are partners of good things, domestic investment grows. optimistic people say 6.5 or 6% can be achi

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addressing the for more we turn to ramin raymond offenheiser, president of oxfam america. 62 of the world'slthiest people have more wealth than half the world's population? raymond: that is correct. what are report is trying to do is point out the fact that i think we have a global inequality crisis and we are trying to legitimize than narrative through the use of these kinds of numbers. i think what has been stunning to us is not only the fact that we have that level of concentration, but the process is accelerating. if we allow this process to accelerate, not only here in the united states, but in countries around the world and in regions you might not expect it, it raises a lot of questions. how do we fund public services for the poor? how we finance development into the future? how do we easily be -- how do we alleviate poverty? we are trying to underline the fact that there is an inequality crisis and we have to address directly this accelerating concentration of wealth and the systems that enable it. nermeen: can you explain specifically what the role of tax havens are in this stagger

ramin, good luck with the new fund. we'll check in as time goes by and we see more progress on what happens with the lifting of sanctions. thanks. dominick chu is standing by. >> shares of jcpenney on the retail side, near the lowest levels of the day. close to 4%. the retailer announced they're going to start selling appliances next month as the first time it's going to happen in 30 years. the company says the move is part of an effort to bring in millennial who's are entering the real estate market as a demographic group overall. shares are down about 9% over the past year. jcpenney, onest big retailers. >> thank you. despite the recent selloff, a number of housing related stocks have been moving up. we'll look at the plays in this market. >> tyler, it's not just the builders but the bulling supply companies. we'll name names coming up next on "power lunch." that's right. i have read it is the hardest job in the world. that's why i'm here. can you... i can offer advice from the accumulated knowledge of other educators

. >> ramin of it and people love it. eat two or three of them. >> step three -- >> step three, you put it in here, mix the macaroni with the >> i'moing my best. >> while we do that i'm going to show everybody two of these. one of these is wolfgang's and one of these is rebecca's again. we were all doing the show while we were cooking so -- >> rebecca d didn't he an oven so she couldn't bake it. >> an oven is a very important part, i learned. >> it turns out you need an oven to finish it. you can see ow golden delicious it comes out and it was easy? >> honestly, so easy, if i had an oven i'm fairly certain it might have looked like yours. >> all you have to do is cover it with parmesan, mozzazarella, bread crumbs and get the beautiful top. >> we like competition here. >> i like to lose. >> i would like to think both of these guys -- >> hold it. >> follow the online inructions better, who is your winner? >> i think i have to go she does it better. >> oh. >> yes. amazing job because i think to follow a recipe perfectly, i t