Why Is BHP Billiton Taking Another Writedown?

BHP Billiton said it expects to take a write down of $4.9 billion on the value of its U.S. shale assets due to the tumble in oil prices. Its next safeguard against the commodities collapse may be to abandon its decade-old pledge to maintain or raise its dividend. Bloomberg's David Stringer has more on "Trending Business." (Source: Bloomberg)

Trump Cuts Advisory Panels as CEOs Quit
34:46 - President Trump dissolved two of his business advisory councils. It came as more CEOs resigned after the president blamed both Neo-Nazis and counter protesters for the deadly violence over the weekend in Charlottesville, Virginia. Bloomberg's Greg Sullivan reports on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
  • Full Show: What'd You Miss? (08/16)
  • Philippine's Dominguez Says Infrastructure to Boost GDP
  • Nikesh Arora Says Uber CEO's Departure Was the Right Move