james thornhill has more. and there is increased optimism as we going to g20. sort of conclusion on the oil market is bigger than what we are hoping out of trade. james: that's right. some of this optimism has been fueled by the fact that -- excuse me -- the saudi and russian oil ministers will also be attending this g20 meeting, so that the old that there might be -- fueled that there might be something coming out of this meeting. no surprise really that we have got that speculation that has helped the price a little bit. will there actually be agreements? that's the big question. minds, if yoused could put it that way, about the need to tighten production to at least shore up the price, but also, you have got to also accept the fact that there has not been a lot of consensus about lowering that production. haidi: you look at the market reaction that came on the saudi's side that they were going to cut .5 million barrels come december. does that seem like enough? james: that has been well flagged. if they do through with that, i do not think that will have muc

sophie: for more, we are joined by james thornhill. another minute to waste, what is the significance of the labor leader's announcement? >> we can say he's trying to put clean air between himself and the government, if you'll forgive the cliche. you could arguably say that australia has lost three prime minister's in the last -- was forced to step down, mainly because of her aborted effort to bring in a carbon -- and malcolm turnbull was forced to abandon his plan for a national energy guarantee and lost his job anyway with an internal party coup. ist this tries to do reintroduced the national energy enshrining carbon and commission reduction targets into a broader plan for more stability. the question is whether they can actually get that energy guarantee through, because if they have a majority and the other half dozen, it is possible that the other half may block it. blocking this plan, there is still a lot of uncertainty whether anything can get through parliament. energy toward projects and enhancing -- if nothing else, this is p

thornhill: "it's a beautiful day out here, the sun is shinning, it's golden."> ski lifts are moving at heavenly mountain resort as riders and skiers hit the slopesthe california trail blanketed with all the snow people have been waiting for we haven't heard any complaints just excitement resort officials say if the weather forecast holds true..they are expecting to see more snow through saturday.d