you know, we will be hearing shortly from our colleague, steve sedgwick he's readying himself to speak to some of the most powerful oil ministers in vienna. we'll cross live to steve when those doors are open to the press. despite iran registering opposition with cnbc earlier this week, there have been positive noises from other opec members. steve sedgwick has been talking to the cartel'smajor players >> i don't think every decision in opec needs this, i don't believe in this meeting we that. i would like to believe opec is an independent organization, not american organization. >> oil and politics go hand in hand over the years what this is doing is given the clamor by the u.s. president, the consumer body by india and china and the rest of them, it's to bring them around the table >> are you more optimistic of a deal >> yes, i am optimistic. >> is iran on board? >> we'll find out. >> we'll reach a decision that suits the market and consumers and stability of the market. >> we have been discussing the building blocks of this framework. the decision was we should institutionalize this

i'm steve sedgwick >>> shares take off. a stock blitz after they say they are considering buying a stake in the airline >>> both stocks are higher but the bank itself can't hold water on the talks of a megamerger. >>> rome and madrid, markets shrugging off the first bit of uncertainty with ibex leading the way. >>> and the third round of trade talks ends with no deal between beijing and washington as g-7 finance ministers convey their unanimous disappointment over the trump administration's tariffs. >>> look at the world for a moment, everybody. think about what's going on. you've got european allies and canada and brazil and mexico up in arms at what mr. trump is doing about the threat of protectionism. that threat of protectionism also hurting relations between the two global super powers in the world, china and the united states as well you've got concerns about a much higher rate scenario because of the very positive scenario we saw out of the u.s. jobs scenario we saw on friday plus two of europe's problem childs poten

khalid al falih is right there steve sedgwick is speaking with him.ents ago the iranian oil minister confirmed to cnbc that they are looking for some kind of statement about the united states' removal from the nuclear deal as part of any output agreement. iran has been opposed to increasing output because about 500,000 iranian barrels will be unavailable as of november because of new sanctions the iranian minister did confirm they are looking for some kind of communique that would rebuff president trump and/or the united states on that deal this is the energy minister for the uae, sitting next to mohamed barkindo, the secretary-general of opec. we'll get a question here in one second give us one second we'll see where they are on a deal this is the president of opec. mr. barkindo is the secretary-general of opec. we'll get a question in here. just a minute here we'll get a question in. >> united states, we are live on television do you believe we will get an output increase agreement today? >> i look forward to that. i think we've been through more di

later this morning rainer seele will join steve sedgwick that interview coming up later today.et's look at the u.s. markets futures there, all three indices there are called higher. the dow jones looking to open up 94 points. >>> that is it for today's show in london. i'm willem marx. "worldwide exchange" is coming up next. no matter how much you clean, does your house still smell stuffy? that's because your home is filled with soft surfaces that trap odors and release them back into the room. so, try febreze fabric refresher. febreze finds odors trapped in fabrics and cleans them away as it dries. use febreze every time you tidy up to keep your whole house smelling fresh air clean. fabric refresher even works for clothes you want to wear another day. make febreze part of your clean routine for whole home freshness. >>> i'm seema mody, it's 5:00 a.m. at cnn global headquarters. >>> general electric gets the boot after more than a century on the dow ge is being replaced by walgreens. >>> starbuck shares getting rested aftres roasted after announcing lower guidance and a slew of

steve sedgwick getting an exclusive with theresa may, the uk prime minister. steve joins us from 10 downing street in london. >> we talked about tech, we talked about brexit. we also talk about the relationship between the uk and the u.s., between mr. trump and mrs. may going forward of course it has beea very different response to what happened in singapore, what happened in quebec as well let's listen in to the prime minister talking about mr. president trump. >> i welcome what has taken place in singapore i think what trump has been doing with north korea is important not just for that region but for the rest of the world as well. and at the g7, president trump and i had the opportunity to briefly talk about how we continue to want to be able to develop a e deal after we leave the european union. yes, there are some issues on which we disagree. we disagree on the steel and aluminum tariffs imposed on the european union and the uk within that and we disagree on the nuclear deal in iran the point about the relationship is that we are able to have those disagre

steve sedgwick is in vienna where he has been chasing down oil ministers from around the world existing impressive levels of fitness >> i don't know about that let's see if i make it out of vienna let me get through a whole host of tape now. it gives a much better view of what's going on. 48 hours ago, as you know, we were talking to the iranians they were aggressive they had a lot to say. they got it off their chest. it looks like they're coming into the fold. they had a couple of important bilaterals with some key players, including the russians, who were trying to get them on board. got a quick word from a couple of ministers the opec president, who barely had a word to say to me 24 hours ago, let's listen in to see what he had to say. i think he sounds more optimistic >> i'm confident that this group will always do the right thing >> toll picpolitics will be lefe door >> this is not a political organition this is a commercial organization as i told you earlier are not going to politicize the organization politics aside, we will make good progress, like we do always and everyone is h

coming up today on cnb first, british prime minister theresa may sitting down with our colleague, steve sedgwickview this morning at 11:00 a.m. eastern time. >>> and bank of amera's brian moynihan sitting down today at 4:00 p.m. on "closing bell." still ahead here, potholes and what restaurant chain is doing to fix america infrastructure. >>> and later on, the future of investing. new data on where millennials want to put their money. if youe a stock fund manager, you will want to hear this one te y is an organization that is owned by tea farmers. every week we sell this tea, we get paid in multiple accounts. we were looking for a bank to provide a safe and efficient technology platform to pay our farmers. citi was the only one that was able to ensure that this was done seamlessly. and today, at the touch of a button, all the farmers are able to get their money, pay school fees and improve their standard of living. with citi, we see a bright future for our farmers and their families. ♪ what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to ta

that's it for today's show in a cnbc exclusive, steve sedgwick will be speaking with prime minister theresa may later toy. da >>> it is 5:00 a.m here are your top five at 5:00 a judge okaying at&t's $85 billion takeover of time warner. is a huge new round of media deals in the works >>> the federal reserve likely to raise rates again today, is this a threat to the bull market. >>> shares of zte plunging the telecom giant resuming trading following safsnctions alleviating. >>> and seattle rolls back its employee head tax. it's wednesday, june 13th.

i'm steve sedgwick >>> shares take off. stock blitz after they say they are considering buying a stake in the airline >>> both stocks are higher but the bank itself can't hold water on the talks of a mega

steve sedgwick is there. morning, steve >> very good morning to you.ve been given exclusive access to 10 downing street. i can tell our viewers, i'm in historic room i'm in margaret thatcher's study where later on this morning, i'm going to be speaking to the current prime minister, theresa may, about a whole host of issues we'll be talking about brexit, about what she believes mr. trump is doing on the global stage after a pretty disast was g7 and a very strong meeti with kim jong-un plus we'll be talking about tech as well. this is important for the prime minister it's london tech week as well. and what the uk is trying to do amidst brexit is prove to international companies and esph tech companies that the uk is not only open for business but is better than some of those rivals on the kontinent who are trying to attract the same kind of talent as well. we've had commitments from the likes of salesforce. 2.3 billion private investment 1600 new jobs as well. there are concerns that is not enough as well because there's been some bad news in the last w

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