as the candidates to be the uk s next prime minister prepare to go head to head. welcome to the programme. we start with the extreme heat across europe. it s facing its worst drought in a long time. we ll look at that in a moment. but first the high temperatures are also causing big wildfires. let s go to france. there s a huge wildfire near bordeaux, in the south western region of gironde. this is what it looks like at night. thousands of hectares have been burnt. 10,000 people have been forced to evacuate the area, and several homes are destroyed. it s spreading so fast because it s so dry. this is the scene in the day. you can see a plane dropping chemicals used to slow the fire down. more than a thousand fire fighters are there trying to control it. let s hear from one of them. translation: for l the moment, the fire is progressing in every direction. if i may say, the wind is not steady for the moment. it will rise in the course of the day. we are told that the wind will
in tuesday s hearing in front of a senate subcommittee, mr calhoun plans to speak directly to the families of the 346 people killed aboard two boeing flights more than five years ago. according to his prepared remarks, mr calhoun expects to speak directly to the family of the people killed. he will also express regret about a january incident that led to a door panel blowout mid flight aboard a 7a7 max 9 aircraft, as well as gratitude there were no fatalities. mr calhoun had served as president and ceo of boeing since january 2020. he plans to tell senators he understands the gravity of boeing s responsibility to uphold aerospace safety and that the company will take action to ensure its safety standards are met and will hold itself accountable. but he will be asked to answer for the company s failures, including criticism that the company put profit over safety. a recent meeting between boeing executives and the united states chief aviation watchdog ended in a plan for syste
Oil, new highs for the year on brent as that doha meeting approaches this weekend. We begin with the markets and energy. Oil with a year to date high. Stock futures barely in the green. Alcoa out with results. Top line and outlook are dragging down the stock. And two big calls on starbucks and apple. One up. One down. More on those in a moment. Some breaking news from the imf. Downwardly revising its 2016 Global Growth forecast to 3. 2 citing uncertainty and a recovery hampered by weaker demand. The imf sees Global Demand picking up to 3. 5 for next year and forecasting the growth for the u. S. Down 2. 4. It believes longterm Growth Prospects are weaker, estimated to be only 2 . Theyve been a serial cutter in terms of Global Growth outlook. The imf has been saying no one should raise rates. They play a big role in yellens concern. More yellen than the rest of the people on the fed. The imf has been pretty right. When i saw this, we just saw this come over, i said i was hoping they woul
Able to hold their own. The dow climbing 32 points and s p advancing 32. 5 and the nasdaq. 5 . Were going to stick with recommending value over growth and keep warning you that expensive Growth Stocks arent done going down. So lets dive right into next weeks game plan. By now, you might have figured out that im wearing these head phones for a reason. Namely because beatz the company that makes them is rumored to be the target of a 3. 2 billion take over by apple. A company with very little momentum but a ton of value that still trades at a discount in the s p 500 even after its monumental recent run. Its great to listen to motzart and to the top of the show. The absurdity of todays guessing game is people checking football to find out if its real. Are they or arent they going to buy them weighed down the stock and caused serious head scratching as to what the heck is apple doing with this . I have my speculations. Chief of which is that apple is not just buying a head phone company or
There is only one game in town over the next 48 hours. The federal Market Open Committee meeting. Will we have the end of q. E. 3 and how will they signal an increase in Interest Rates whenever that is going to be. Transition from q. E. Ends until the beginning of Interest Rate increases. Lets look at whats happening for euro. Rising for the third day against the dollar. Interest rate expectations are being pushed back in the United States. That benefits the euro. It is up for a third consecutive day against the dollar. It is up by. 10 today. 127. 14. Inally these are the stocks 1. 2714. These are the stocks were watching. It is a busy day for earnings. Earnings beat estimates. Profit missed estimates mainly ecause of legal costs. Lloyds. 9,000 jobs cut. That means various branches will be cut as well. Profit rose. That was a beat but investors obviously choosing to focus on the closedown of the branches and the slashing of jobs as well. U. B. S. Higher. B. P. Higher and european marke