samira hussain, bbc news, new york.ess towards what could be the biggest stock market flotation in history. saudi arabia has changed the status of its state oil giant aramco to a joint—stock company, effectively dividing it up into shares ready to sell some of them off. it's being closely watched in new york, london, tokyo, and hong kong, all of which are hoping to attract the firm to their stock markets. and it's also being closely watched by mariko 0i in singapore. welcome to you. what do you make of it? it is definitely seen as a major step ahead of that well anticipated share sale you have just mentioned. saudi arabia has been a special entity since it was created 30 years ago. it has now been brought in line with other corporations, which is necessary as they plan for a dual listing at home and internationally. they were supposed to give us an idea of where they would list overseas in the end of last year. we had everyone from president trump to the japanese prime minister urging the japanese prime minister urging

samira hussain, bbc news, new york.rd hunter, head of markets at into —— interactive investor. this bombardier argument has been around for awhile, what the it is a politically charged situation, the us and canada are having trade talks anyway, so this is kind of a poster child for what is going on there. and at the same time we have just seen the recent love in between theresa may at trump in davos, needless to say there is a potential impact onjobs needless to say there is a potential impact on jobs in needless to say there is a potential impact onjobs in northern ireland in terms of the aircraft building. so it's a very interesting one and it seems the canadians are saying because this is usjurisdiction it seems the canadians are saying because this is us jurisdiction we are not expecting to win but we will find a very shortly. interesting. i think sally has a question for us from davos. i have indeed. it's looking very cosy in that studio. nice to see you, richard. it's chilly at the world economic forum but it's go

i asked our business reporter in new york samira hussain if there was an impact on the economy. the cost to the economy in the us will be negligible. lots of us agencies had funding to allow them to extend days of work by at least a week. the real impact would have been minimal, especially if you compare it to the last shutdown we saw in the us in 2013, it lasted a bit longer and there were many more federal employees that were furloughed and that have a greater impact on the overall gdp. it was estimated 0.3% of an impact to the economic impact was made. is there any guarantee we won't be in the same situation in a few weeks? that's the big question. they are now funding until february the eighth but what we need to see 110w the eighth but what we need to see now is some sort of immigration reform. there's been a promise made by the republicans to the democrats that say the issue will be resolved but it will be a tough slog. staying with the us and netflix shares surged overnight after delivering strong results for the last three months of last year. profitability up but what p

samira hussain is live in new york.nadians have? there are all kinds of trade issues that occur between canada and the united states. it and back and forth is between levels of government and canada and the united states. what canada and the united states. what canada has done is taken all of its complaints to the world trade organisation. that is the governing body that adjudicates any trade disputes. they are saying about some of the measures the united states has been taken in some of these decisions has been unfair and they have not been in line with what the world trade organisation has already listed as ways to really resolve these kinds of disputes. listed as ways to really resolve these kinds of disputeslj listed as ways to really resolve these kinds of disputes. i saw you wa nted these kinds of disputes. i saw you wanted to talk about this. aren‘t they talking about nafta in a couple of weeks? the timing of this is really interesting, batty or three weeks we will see that canada, the united states and mexico wi

samira hussain explains. there are a few reasons.customers who have always said this is something they want. —— one,. given the turbulent for mcdonald's in the past few years, revamping their menus to get more people to come through their stores, to try and adhere to what the customers really want, i mean, that is part of it. the other part, i would say, is the industry is changing. if you look at the new fast food restaurants coming onto the market, many of them used sustainable items when it comes to cutlery and when it comes to their packaging. they make an effort to do a lot of recycling. and so there is that pressure within the restaurant industry for mcdonald's to do this. if you look at north america and europe, for example, facilities already exist to try and create sustainable utensils and packaging, but in other parts of the country, or rather, other part of the world, that will be a lot more difficult. mcdonald's response to that is they will invest in countries that do not have that already for infrastructure. they want t

but there are some big question marks — as samira hussain in new york explains spotify is the world'sic streaming company, ahead of rivals like amazon and apple. for months there have been rumours about its aspirations to go public. founded in sweden, the firm has over 140 million active users but it has continued to report losses. the road ahead for the music streaming service seems a little clearer. although spotify has declined to comment, reports suggest it wishes to start trading on the first three months of this year. spotify is taking an unusual route, selling shares directly to market rather than using an investment bank to underwrite the shares. that could mean choppy beginnings for the company as it may take a while for spotify to find its value. the timing is unfortunate as spotify has been slapped with a $1.6 billion lawsuit for infringing on some legal rights. as soon as we get more news about spotify‘s plans we will update you. let's go to iran now — where the head of the revolutionary guards has declared the defeat of sedition in the country. he's referring of course to

samira hussain reports now from new york.f one of the most bitter trade disputes between canada and the us in recent memory. how many more job losses? these workers in northern ireland could end up paying the price. big orders of bombardier‘s c series planes from american buyers pondered cries of an setka petition from us plane making giant boeing. complaints that fell on receptive ears in the white house, which has been trumpeting americans —— america first when it comes to trade policy. there is no question that the trump administration has sent out the message to companies in the us, that it is much more supportive of these sorts of actions and that they are likely to get a more favourable hearing in washington that might have been the case in previous administrations. last year the us commerce department slapped tariffs of almost 300% on any c—series plane coming into the us, physically blocking the fleet from the american market. bombardier took their complaints to international trade commission, which will make its ruli

products and wood, not to mention fears for the future of the north america free trade agreement, as samira hussainxplains. the timing of this is really interesting, because in about two or three weeks we are going to see that canada, the united states and mexico are going to be meeting in montreal, canada, to be discussing nafta and the renegotiation of nafta. but you know, these renegotiation processes have not been going very well, and there has been really no big conclusions coming out of it. and that has a lot of people worried about the future of this trade agreement. in fact, there are some media organisations that are reporting that they are worried that the united states is going to just walk away from nafta altogether. and even the head of one of canada's largest banks, the royal bank of canada, has also said the same thing. but they are worried the united states is going to walk away from this decades—old trade agreement. now to a story being closely watched in india. vijay mallya is one of the country's best—known entrepreneurs, with business interests ranging from kingfisher beer, to a

and samira hussain has the details about what's ahead on wall street today. numbers come out on monday for that this is important because consumer spending accou nts important because consumer spending accounts for two thirds of all us economic activity. the commerce department is expected to report consumer spending will have picked up consumer spending will have picked up by consumer spending will have picked up by.6% consumer spending will have picked up by .6% and shipments of capital goods orders increased for the tenth straight month. also happening, negotiations for the sixth and penultimate round of talks in finalising the north american free trade agreement. time is running out for canada and mexico to tackle what they call unacceptable demands by they call unacceptable demands by the united states. on monday we will hear from the pentagon's the united states. on monday we will hearfrom the pentagon's number one weapons supplier. it is expected to report its fourth—quarter results. joining us is michael hewson, chief market analyst at cmc markets. le

and samira hussain has the details about what's ahead on wall street today.ased on friday and it's expected to have brightened. the university of michigan surveys of consumers is likely to show its preliminary january consumer sentiment index rose to 97, from december‘s reading of 95.9. in earnings news, oilfield services provider schlumberger will release results. the company is expected to post a bigger quarterly profit as north american shale keep outpacing international growth. despite some early warnings about growth flat—lining, shale production is poised to push us oil output at more than 10 million barrels per day, toppling a record set back in 1970. joining us is simon derrick from the bank of new york mellon. good to see you, as ever. it's the ailing dollar that catches your eye. it is. on the face of it, it looks like it looks like it's about the shutdown. you'd expect moderation in the dollar and interest rates. when you start to dig into it, it looks like there is more going on. interest rates are still rising in the us. markets are doing extreme

and samira hussain has the details about what's ahead on wall street today.reserve, america's central bank will release the minutes from its last meeting in december. now at that meeting the committee members raised interest rates by 0.25% to a 0.5% and it marked the third rate rise for 2017. so investors will be looking at the minutes for more hints about any other rate rises that could be coming in 2018 and any new insight on the new us tax code and its economic impact. now, also happening the drugstore chain rite will report a drop in revenue, but the company's bottom line is likely to improve as it moves ahead with the process of selling 1932 of its outlets to walgreens boots alliance. joining us isjeremy stretch, head of currency strategy at cibc world markets. hi, jeremy. happy new year. i put oil on the board. iran is in the headlines and normally when we talk about the middle east and particularly places like iran or iraq, we talk about oil because you expect to see a spike in prices. it's not quite happened. but there is still a bit of confusion, isn

the bbc‘s samira hussain gave me this update from new york.ated a series fleet of planes and there were some big american airlines that have purchased these planes one of which was dealt airlines, they had purchased 125 of them —— delta airlines. but boeing, the plane making giant of the united states, they cried foul play because they believed bombardier was price dumping, lowering the price of the planes in order to make it more attractive for american buyers, and they took their complaints to the administration, to the commerce department, the us commerce department, the us commerce department last year said, boeing, you are right, and they levied a 300% tariff on any of those boeing planes coming into the united states and clearly that makes it prohibitive, so what boeing did, what bombard the —— bombardier did, they appealed to a us body, and just 110w they appealed to a us body, and just now the itc has voted unanimously in favour of bombardier and that means the tariff that was initially placed put in place by the us commerce department

the bbc‘s samira hussain gave us this update from new york.had created a c—series fleet of planes. and some big american airlines had purchased these planes, one of these was delta airlines who purchased about 125. boeing, the plane making giant in the united states and globally, had cries of foul play, because they believed was bombardier doing was called price dumping, lowering the price of the planes in order to make it more attractive for american buyers. they took their complaints to the administration, to the commerce department, the us commerce department. the us commerce department. the us commerce department last year said last year, you know what, boeing, you are right, and levels a 300% tariff on any of those planes coming into the united states. that makes it really prohibitive. what bombardier did is that it appealed its decision to the international trade commission, which is a us agency, a us body, and that body has voted unanimously, 4-0, that body has voted unanimously, 4—0, in favour of bombardier. that 300% tariff that was i

and samira hussain has the details about what's ahead on wall street today.e rubbing as people come off a three—day weekend. two companies reporting earnings on tuesday with knowing, citigroup is the fourth—largest bank by assets and its results are expected to show no gain in quarterly income, compared to same time last year. that is because its results will include some $20 billion of charges related to the new us tax law. also reporting can united health group. this will be interesting to watch given a tax reform has delivered a blow to the health care industry. united health is then treat —— country's largest health insurer and a bellwether for the industry country's largest health insurer and a bellwetherfor the industry and it is expected to comment on the changing landscape of the market and layout plans on expanding business in the new year, giving rising the competition —— given rising competition. joining us is jane foley, senior currency strategist at rabobank. nice to see you. let's pick up on theissue nice to see you. let's pick up on the issue o

more on that shortly, but first to the us where samira hussain has the details about what's ahead oneaming giant netflix will be reporting earnings. its most popular shows like the crown, stranger things, will be boosting revenue and profit. netflix has been setting aside more money when it comes to creating content, so they can better compete with rivals. as a result, it had to raise the price for its servers. so, investors will be looking for comments on how viewers have reacted. also reporting, haliburton. the renewed drilling boom in the united states will help the company's profits. halliburton, which makes about 55% of its revenue from north america, is benefiting from higher us production, which is expected to surpass io production, which is expected to surpass 10 million barrels per day in the month of february. joining us is shaun port, chief investment officer at investment management company, nutmeg. good to see you. let's talk about the us federal shutdown. last time it happened in 2013, it closed 1a days. so far we are only going a couple of days. it cost the us economy

samira hussain has the details about what's ahead on wall street today. labour department will release export and import prices for december. now, these measures show how prices of a market basket of goods in international trade change from one month to the next. now, these numbers are used to predict possible future inflation, to set fiscal and monetary policy, to measure exchange rates, forecast futures prices and, of course, to negotiate trade contracts. now, the import prices are expected to have increase by 0.5% in the month after a rise of 0.7% in november. export prices are likely to have risen 0.3% in december, compared to a 0.5% rise in the month before. home—builder, lennar, will report higher profits and revenue for the last three months. the improving job market has been lifting demand for housing and investors will be looking for comments on the impact of changes in tax laws on home sales. nandini ramakrishnan is global market strategist atjp morgan asset management. thank you very much for being here. so you want to talk about unemployment i

we can speak to samira hussain, bbc's north america business correspondent.o a few years ago what happened was that bombardier had created a c series fleet of planes. 0nce bombardier had created a c series fleet of planes. once they presented these planes one american airline, delta airlines, had purchased about 125 of these planes. but that prompted cries from the big us plane maker in the united states, boeing, saying that bombardier was using a tool called price dumping by making their planes cost much lower to make them much more attractive for companies to buy them. they took their complaint to the us government. there happens to be a very receptive us government right 110w very receptive us government right now when it comes to these kinds of trade disagreements. late last year we saw that the us commerce department slapped bombardier with an almost 300% tariff on any of those planes that would come into the united states. that makes those planes really prohibitive to the us market. so bombardier, along with the canadian and the uk governments, have app

samira hussain. what tiss news.ct they broke records. record—breaking highs that. shows that markets are not concerned very much when it comes to some of the political machinations that are happening in washington. what they're concerned happening in washington. what they‘ re concerned about happening in washington. what they're concerned about is the impact things have on corporations. this shut down didn't impact corporations. so it didn't filter over into us markets. a quick one thank you. we will talk again tomorrow. the international monetary fund has upgraded its forecasts for the global economy for this this year and next. the international monetary fund is meeting in davos. 3,000 delegates are going including leaders from business, politics and royalty. all making an appearance. he is a president who has championed america first, challenging the concept of free trade and globalisation. a powerful audience for him, who have paid top dollar to attend. business leaders including the likes of a chinese entrepren

let's talk to samira hussain, live with us from new york. amazon? it is pretty significant, especially when you consider the fa ct especially when you consider the fact that back in 2005 is when they launched amazon prime, and if you think back to that time, everybody really panned the idea, saying people would not want to pay that money to be able to ship freely have this kind of fast shipping, fast forward to 2017 and 5 billion packages have been sent. we also don't really have numbers on how many members are part of this prime service, and amazon does not really reveal those figures. one journalist did take and find that in one of its filings, and it was later confirmed by amazon, that at one point they had some 20 million subscribers to the amazon prime service. now we're pharmaceuticals, health care, other things added. do you think amazon will get so big the regulators will be interested? so far, not yet, but it certainly has a lot of companies really worried. they will be looking ata really worried. they will be looking at a lot of th

let's ask samira hussain in new york. are they directly connected? pretty much yes.to change in orderfor them to be for the us tax code to change in order for them to be able to bring over a lot of the money in fact 94% of their money held overseas. this was something mentioned by president trump, then candidate john, was something mentioned by president trump, then candidatejohn, on the campaign trail. it has lowered the tax rate for companies to bring money from overseas. that is where you get the $38 billion number, because now apple says they can bring some of that money back. what remains unclear, however, is how much money apple will be bringing back to the united states. that is still not very clear in all of this reporting. $350 billion across five yea rs, reporting. $350 billion across five years, presumably apple already invest quite a lot per year, can you put that in context for us? what apple wants to do now, they are going to build a whole new facility and at 20,000 jobs over the next five years. you could presume some of that money that they're holding

samira hussain, as a layman looking at the story it seems amazing that has ever considered to be possible and that was not the way it went down. qualcomm has only made it clear that they dispute this ruling and they will try to fight it. that said, it comes ata time try to fight it. that said, it comes at a time in which chip—makers are under the microscope these days, first because of the risk to data breaches that we have been talking about, and of course full, itself, it was —— about, and of course full, itself, it was 55 qualcomm itself, it was looking to be taken over by another chip—maker, and it rejected that an initial offer. they are ripe for the taking. are apple also in trouble with this order does the blame lay with this order does the blame lay with qualcomm? it does stay with krall, primarily. the competition agency had said it was not an apple deal, this really had to do with the chip—maker itself was not deal, this really had to do with the chip-maker itself was not thank you to stop staying in new york. elton john has announced he is to retire from touring...in three year

samira hussain is in new york.ll ta ke one week to fix but it seems it will take longer. what we're talking about, there are two major chip—makers, intel and amd. about, there are two major chip—makers, inteland amd. we already heard from the intel boss saying that the intel chips, it is going to be fixed within the next week or so. but amd is suffering some other problems, these chips had a patch and they put out the patch to try to fix it but microsoft has been receiving complaints from its customers saying that after they put in this fix they are getting a frozen screen, the dreaded blue frozen screen, the dreaded blue frozen screen, the dreaded blue frozen screen and as a result microsoft has said we are not going toissue microsoft has said we are not going to issue this patch any more until we can try and figure out some kind of six with amd. and is there any evidence that anyone has been adversely affected by these problems? not as yet and what a lot of people suggest is bad it offers some kind of window into

samira hussain has been looking through the numbers in new york. meaning that it is short on cash. they started charging customers more and that had some worried in a drop in subscribers but in the last three months, netflix added more international subscribers than expected. more than 6 million. it added more than 8 million subscribers globally. netflix is now worth about $100 billion, and it has more subscribers than other streaming services like amazon and hulu, meaning only a media company with deep pockets could really compete with netflix. studio: it shows the power of streaming services. let's run you through other stories... the world's second largest retailer— carrefour— plans to cut 2,400 jobs and expand its e—commerce business. the company will invest £3 billion in its online platform amid fierce competition with amazon. carrefour has also announced that it will partner with the chinese internet giant tencent. manchester united have topped the table of the world's 20 richest football clu b table of the world's 20 richest football club is

samira hussain is in new york at the stock exchange.teresting, but we are seeing from the imf is similar to what we have been hearing domestic league with regards to tax reform. no doubt that tax reform is going to be a boost in the short —— domestically. that is what the imf is reflecting. we are seeing that tax break that corporations have received, some have already made big announcement about how they are reinvesting that into the us but fast forward a few years and it is unclearjust how beneficial the tax reform will actually be domestic league here in the us. there is concern about how this will impact the middle class and that is also being reflected in the imf. in the short term there will be a lot more growth but looking forward in 2020 there is a lot more uncertainty when it comes to that which i think is something we have been hearing domestic league —— domestically as well. we have been hearing domestic league -- domestically as well. and did you notice the government shutdown every day, does it have a big effect on you pers

let's catch up with samira hussain in the new york stock exchange for us looking at this.en hearing from the white house. but right now what the us chamber of commerce is really worried about is the impact of reversing the dreamers akpan impact it will have on the 1 million people that are part of this —— dreamers act. a big proportion of the us workforce are undocumented immigrants and the white house has been cracking down on them. most re ce ntly we been cracking down on them. most recently we saw on wednesday that immigration officials doubted cracking down on corner stores called 7—115 and us officials are saying you can start expecting more of this but of course the other big impact on the us workforce. yes, this story will run on. samira, thank you very much. we will look at the market is a little later. egon, for now, thank you very much. video bloggers — or vloggers as they're known — can do big business online on sites such as youtube. some of the most famous post videos which are watched by millions and millions of people around the world. but now youtube has cu

joining us now is samira hussain in new york. i want to start with, is there some ferrero rocher exchange happening in the studio between you and simon? if there is, i'd like a part of the action. it's an advert that runs here where... i'm not going to go into it, but are you spoiling us is the payoff line. you probably don't haveitin the payoff line. you probably don't have it in the united states. but the ferrero rocher chocolate.” have it in the united states. but the ferrero rocher chocolate. i know it very well. the business reasons make sense for both companies. ferrero rocher wants to increase its footprint in the united states. the us brand of nestle allows them to do that with some iconic brands of chocolate. for nestle, why would they want to share their candy business? it's the big names sake for the company. they want to concentrate on other things like frozen food and baby food, so they are trying to get into other areas and avenues. by shedding their candy business they are going to be better able and better positio

let's ask samira hussain what she thinks! she is the bbc‘s business correspondent in new york.is not being taken well by americans. the foremost, the disparaging comments that the president made about immigrants coming from haiti and africa. that is really playing large in the united states. so the news about the president cancelling his trip to london is a bit buried in the bigger news about his feelings about immigration in the united states. so the noise from trump on other subjects is drowning out the noise on this one. we will hopefully get a visit from someone from the trump administration to christen the embassy. who is it likely to be, rex tillerson? it could be rex tillerson, it could be another memberof the trump tillerson, it could be another member of the trump cabinet. it's not clear right now. everyone is scrambling at the moment to do a lot of damage control. we should be getting some sort of indication in the coming weeks. thank you for joining us. she's very polite. she was basically saying no one cares! let's look at the markets. we have an upturn in the 100 s

samira hussain in new york. thank you.f! i love it! do keep tweeting it does cheer us it! do keep tweeting it does cheer us up! now the markets? the ftse is down slightly. the dax and the cac is up. . doing well from the increased figures that we have seen. i will bring you more in an hour. thank you very much. modern slavery. the co—op has been helping to show that a newjob can meana helping to show that a newjob can mean a new life. more than a dozen businesses are meeting in westminster to discuss how people can get involved. before my life, it was very bad. i didn‘t have a chance for a future. now it is very nice. it‘s great. i‘m very happy. peter is a survivor of modern slavery. 0ne peter is a survivor of modern slavery. one of 12 to have been placed in safe, secure work by the co—op. like thousands before him, peter came from romania for a new life. i was looking for a job. and to be happy? yes. but 12 hour days were spent cold and wet working in a car wash without pgy- wet working in a car wash without pay. he was h