Cheeper to import everything from paper to pork could 2020 be the end of tariffs and trade wars . And well be getting the inside track on the Wonderful World of welsh whiskey with a small dram of the good stuff. From trees to turkeys and even tinsel, the cost of christmas is rising we want to know how you save those pennies while keeping that festive cheer. Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. Supermarket giant tesco has just suspended production of Charity Christmas cards at a factory in china after a six Year Old Girl found a message from workers inside one. The note was allegedly written by prisoners in shanghai claiming they were forced to work against our will. Tesco says its shocked by the report and would never allow prison labour in its supply chain. The supermarkets begun an investigation and says production at the factory in question has been suspended. Katie prescott reports. Ready . Uhhuh. Here we go. It was six year old schoolgirl Fl
Were these demonstrations over the Christmas Period targeted in small pockets or widespread . Dan mostly small pockets. Targeted at shopping malls in particular, looking to hit the retail sector, which has really been battered by six months of protests. We saw clashes at shopping malls. 20 people were injured. There is another rally tonight, in a suburban area of hong kong, and a couple over the weekend, all pointing to the big rally downtown on new years day. Matt what are the plans for that big rally, further protest . How organized is this movement . Dan the Group Organizing the een convening some of the largest rallies we have seen. There are various elements of the protesters. Siderganized side, the that tries to abide by laws, and then the frontline protesters, the ones lighting fires and battling the police, and a sort of work in parallel. On january 1, thats organized by a group that tries to get police permission. That is pending right now. We are likely to hear about 48 hours
At new highs. It probably helped that phase one of the u. S. china trade deal has been reached andhat the fed is not likely to touch Interest Rates for the foreseeable future. Today theow rose 100 points for a 28,235, nasdaq up 79. S p added l. Weave more on the markets in just a moment. But we begin tonight with boeg d these reports that the rospace giant will temporarily halt production of the 737 max jetliner starting in january. Its the first halt in its development, something that few sawas coming when the jet grounded last march. That sent the stock lower. Phil lebeau is following the story for us, as always what are the details of the halt and how big of a deal is this for boeing . Its a huge deal, bill. 737 max production starting in january halt, likely lasting5 60 days. I say likely, because boeing is not putting a timeframe in tms of when it planses toe production. That will be determined by whether or not the a lifts the recertifies the plane, lets say, by late january, ear
Chinese stocks turning higher after a phase i trade deal to calm and solid industrial and retail data. Consequences. Be china threatening retaliation and germany bands hallway hallway. Calm carmakers could be caught in the crossfire. Prime minister Boris Johnson prepares to name his new cabinet. Sterling strength continues as investors stay positive on brexit. Under an hour away from the start of cash equity trading. Taking a look at what futures look like, all green across the board. Ftse futures still gaining solidly. It looks like it could be a risk on day. Absolutely. A slightly sluggish picture coming through, a lot of questions hanging over the trade story. To what extent are we going to see the rollbacks . Questions and after that, the mixed picture on chinese data. Retail sales better than expected. Mind andof that in with some of the euphoria that see the msci pacific fairly flat. A couple of red headlines closing the bloomberg. Inrth Quarter Sales coming just below the 62 bil
Russian tax fraud. Europes top table. Eu parliament votes to confirm new commission has today. We will be live from strassburg all morning and we will be speaking with the Incoming Commission president , ursula van der leyen. Lets look at those futures. We have quite a positive picture coming through in the futures right now. European markets expected to go in little bit higher at the start of trade. Fresh alltimed highs on the s p 500, the dow jones, and the nasdaq in yesterdays session. It is easy to see why stockmarkets are going to head upwards from here. These are the futures as per europe. Lets show you what the u. S. Story is. We have had these lines from President Trump saying a trade deal is in its final throes. We continue to see upside for u. S. Stocks but not perhaps by as much as the european futures are suggesting. You see quite a broad picture of green coming through on the equity page here. We have money going into equities and sovereign bonds. It seems this rising tide