malcom scott, we look forward to telling us about this. coming up, the most valuable company headed for a shakeup. that is coming up next. ♪ >> it is 12:30 in hong kong, a: 30 in dubai, and you're the headlines from around the world. failed opec members have to get their distance from production levels. hinting saudi arabia should shoulder most of the reductions it is asking for. is said to abandon the deal unless opec members agree unanimously to reduce production. more details of donald trump's cabinet. mnuchin is is said to be the new u.s. secretary. bloomberg, the second bannon'sowing steve choice as chief strategist. name another wall street figure, wilbur ross, as his commerce secretary. growing financial distress in china. of -- they climbed a record 35 basis points this month. has made china's financial system more vulnerable to systemic shock. one girl lender has one third of its loans overdue. north korea faces a sharp cut in cold reductions aimed at the regime for september's nuclear test. bloomberg has a copy of the resolutio