samira hussain from new york.dumping investigation against imports of chinese aluminium foil. —— post—brexit iraq. it's a series of cases that could result in the imposition of punitive duties. us companies filed a report earlier this month saying chinese imports are dumped into the market at prices lower than the cost of production. chinese technology giant tensent is best known for its messaging app, 110w best known for its messaging app, now it is investing in electric cars. the company has bought a 5% sta ke cars. the company has bought a 5% stake in tesla. it comes as tesla prepares to launch a mass—market model three. some analysts believe tensent could help test the cell or even build cars in china. uber‘s first report on employee diversity shows low numbers for women, especially in technical positions. the report comes as pressure increases on the company in light of sexual harassment claims by a former employee, the antics of its embattled chief executive, and ongoing criticisms of a sexist culture. energ

from new york, here's samira hussain.snapchat has gone from a little at created by a couple of college kids to a virtual giant with 160 million daily activities users. 0n giant with 160 million daily activities users. on thursday it will start trading here on the new york stock exchanges. why are investors so excited about a company valued at $20 billion but has yet to make a profit? they are hoping it will see the same success as companies like google or facebook. of course, the worry is that they will end up looking more like twitter, companies that came with a lot of hype but not much chance. twitter, companies that came with a lot of hype but not much chancem isa lot of hype but not much chancem is a new breed of social networking. it is not like facebook where there isa it is not like facebook where there is a big public wall with your family on there, it is not like twitter broadcasting to the whole world. if you are of a child com pletely world. if you are of a child completely at the did to this product you might

samira hussain.g used to be china's biggest company, and now it has been delisted from the hang seng index. it is not the only company in the maritime sector feeling the pressure. we have the chief operating officer of a website on line. he told me what is expected. what is hurting the market is the offshore oil and gas services. three companies have gone through liquidation in the last six months and six more are in restructuring on chapter 11 and many more are expected. what is expected to come soon expected. what is expected to come soon is a sea drill out of norway to go through a restructuring of chapter 11. why is that a major problem, the offshore sector? chapter 11. why is that a major problem, the offshore sector7m chapter 11. why is that a major problem, the offshore sector? it was driven by the low oil price since 2014 which has restricted exploration and production by major oil companies and has had a knock—on effect of the rates for these vessels and oil rigs and platforms exploring and

samira hussain reports. by his side is off to meet his co—workers. that is stellar right there. oh, and that is lousi. the cows here are all 100% grass fed. the dairy is used primarily to make cheese but also butter. since i got into the butter business in 1983, but has had a huge — i wouldn't even call it a comeuppance, it is a calm — backance and it is gratifying to see. the demand is set to skyrocket this year as more people want to eat clea n, this year as more people want to eat clean, less processed food and it means the price of butter will go up, which is great news for dairy farmers like this one, but it is not a winfor farmers like this one, but it is not a win for everyone. so there is as much butter as this... this pastry seth is making his version of a lemon tart —— chef. seth is making his version of a lemon tart -- chef. creamy and smooth like shaving foam. this shop online users at 635 kilograms of butter per week —— alone. online users at 635 kilograms of butter per week -- alone. the bakery

we arejoined by samira hussain on the floor of the nyse. thank you forjoining us.y the donald trump wants to overturn president obama's climate plans. what president trump will use is that too many regulations restrict any ability to bring backjobs and remember, this was a campaign promise by the then candidate trump, to roll back regulations. when it comes to the energy act, part of that was putting limits in terms of the kinds of coal mining that can happen and getting energy from coal mining. president trump has said that he will roll back those rules and that was a big reason why he won two states, the states of virginia and pennsylvania. he is making good on that promise by pulling those rules and in his mind it will allow coaljobs to come back again. what is the reaction from environmental groups? well, it is really interesting because if you look at some of the really big energy companies, will this actually encourage them to go back to coal jobs? not necessarily. many experts have been saying they have already made a lot of investments into these kinds of r

here's samira hussain.d what will dominate is manufacturing data and consumer surveys. what will be most closely watched is consumer spending numbers which come out on friday. two—thirds of the us economy depends on consumer spending so this is an important number to keep in mind. injanuary, is an important number to keep in mind. in january, consumer spending was up 0. 0.2% and investors are expecting a similar gain for february. on wednesday, the congressional budget office will release its analysis of the budgetary changes to spending programmes and the tax code proposed in the president's budget and on friday, blackberry will be reporting earnings. the company is moving away from smartphone hardware to concentrate on software and analysts will be looking to see if it will pay off. trevor greetham is with us from royal london asset management. good to see you, how are you? very well. how are you? very well. now you have been scribbling notes ever since you arrived, writing on that little piece of paper,

let's speak to our north america business correspondent samira hussain who is at the new york stock exchangepen, we are 45 minutes away from opening. but on friday when the health care bill was ultimately pooled from congress, no one really voted on it, markets had already closed so no chance to react. when you look at futures, that gives us an early indication of the markets. we say that markets are looking down across the board. that is because this has rocked the confidence of wall street when it comes to president trump and his ability to get his legislative agenda through congress. repeal and replace obama care was just one part of it. not something that wall street was paying attention to really but what is important is some of the other legislative pieces of his agenda. the biggest one of course is the rolling back of some of those regulations on banking regulations and also reorganising the american tax code. that is what is really important for wall street and that is what they are looking for, to see how possible it is reckoned to get through congress.- you get a sense this is an i

samira hussain is all ears at the new york stock exchange. the unemployment rate has gone 24 by 7%.rt. many departments estimated increases in the 184,000 realm. but then earlier this week, we saw how many jobs the private added. for the month of february, they added 298,000 jobs. which was just massive. it also meant a lot of people revised expectations for what they would see today. before this latest jobs report. so, they would see today. before this latestjobs report. so, this is certainly quite a strong jobs report for february. what does it mean for interest rates? the big question, well, we heard from janet yellen on friday, making a speech and in that, she made it clear that we are looking at a rate rise in march. now, of course, with this strong jobs report, there aren't very many people who believe we are not going to see a rate rise coming. the federal reserve often looks out key economic data. thejobs report is certainly part of that and now that we're seeing such a strong jobs report for february, there won't be much hesitation for the federal reserve to raise interest

samira hussain has the details about what's ahead on wall street today.n wednesday we see just how robust hiring has been in the private sector in the us when the adp national employment report is released. this is the precursor to thejobs report released. this is the precursor to the jobs report issued released. this is the precursor to thejobs report issued by released. this is the precursor to the jobs report issued by the commerce department and it often gives us sort of an idea of what we will see on friday when that latest jobs report is out. now economists believe the private employers will have added about 190,000 jobs in the month of february after adding 246,000 jobs in january. the month of february after adding 246,000 jobs injanuary. the annual shareholders meeting for the walt disney company takes place in denver. in february, the chief executive said he is open to extending his term as the head of the company. offering investors a sign of potential stability at the media company as it reported a dip in quarterly advertising revenue at espn.

samira hussain is at the new york stock exchange.deal and we have not seen one since ali baba. investors are very happy —— excited about this because they‘re hoping it will be the next google. the risk is it ends up the next google. the risk is it ends up looking more like twitter, companies that came with a lot of hype but especially with twitter, it has a massive amount of users but it has a massive amount of users but it has not been able to capitalise on the users and find a good formula to make money. that is a challenge for twitter and snapchat hope it does not end up going that way. are there any concerns? there are some concerns in terms of we are seeing that the head of snap, they are two young kids, do they have what it ta kes to ru n young kids, do they have what it takes to run a $22 billion company? that is being traded on the new york trade company —— stock exchange as a public company. it will be open to investors and financial markets will not be kind if it is not considered —— successful. that is one concern. will th

samira hussain has the all the answers for us, and shejoins me now from the new york stock exchange.th in the stock market? you may have noticed i was just talking to one of my colleagues here to get the lowdown on what traders are thinking here. if you just look at it, you think about what happened here eight yea rs think about what happened here eight years ago, we had the financial crisis and stock markets plummeted. since then, that have been a lot of things that have happened. we saw the federal reserve has injected a lot of. some of that is still in existence. but remember the bond buying programme we used to talk about all the time? that was in place to help the economy recover to really build on growth. as a result, there was a lot more money around and people were investing it in the stock market, investing it in companies. what is really interesting is this bull market has lasted, even though in 2016, if you look at company earnings, they were not that great. but still, this bull market has persisted and part of the reason is because the economy is recovering. the job reaso

joining me now from the floor of the new york stock exchange is samira hussain.f the fed did not raise rates this week. yes, that is absolutely right. basically market here have really built ina basically market here have really built in a rate rise and most people believe that will happen. if it did not raise rates, it would signal that this federal reserve was not very clear about communication we saw. we had a speech earlier from janet yellen and that signalled a rate rise and the stellarjobs report from friday in the private and public sectors, that really showed that this economy is really ready for a rate rise. investors will be looking at the detail of what janet yellen and will say in the meeting to indicate when the next rate rise will be. exactly. many people believe that since we are seeing this rate rise that is coming in march, earlierthan are seeing this rate rise that is coming in march, earlier than most people anticipated, there is a sense that this year we will see three rate rises in the year. really what people will be looking for is what the

the trump administration is signaling to congress it let's get more with samira hussain who's at thedraft proposal that was presented to members of congress and then the proposals we are seeing things like, there are panels that their countries can use to make a complaint was there have been a lots of people who are worried these panels, they circumvent civil courts and it could endanger the 70 some countries other things were things like addressing some currency this discrepancy is. also to address the trade deficit is that the united states has with mexico and canada. none of those things are in this d raft none of those things are in this draft proposal. this isjust a draft. if you compare this to the kind of retallick we heard from the presidential nominee, donald trump, he campaigned hard on repealing and replacing and getting lots of changes to it because he thought the deal was unfair and it hurt america's manufacturing sector. if you think about those ideas and look at the draft proposal the two don't match. i was going to say, it has been described as a u—turn. is that fair?

samira hussain has the details about what's ahead on wall street today.g earnings on wednesday and strong holiday sales will carry the company through their fourth quarter, but investors will be keen to see how the company is planning to deal with the company is planning to deal with the fading popularity of leisure wear and some stiff competition from other players. finally, the us national association of realitiors is expected to report that contracts to buy previously owned homes increased 2.4% in february after falling 2.8% in january. joining us is mike amey, managing director and portfolio manager, pimoco. todayis today is the day, article 50, historic? yes, it is. we haven't been here before. so as a fund manager, that's great. it is interesting to see new developments and keeps us on our toes. i guess what is interesting is which markets will react. you can argue it both ways. what we will be looking at as ben mentioned is the currency. the currency is the one that seems to be most sensitive to the brexit and whether there will be any kind of deal