Uncertainty against signs of easing geopolitical tensions. There is still a lot of concern geopolitically involving the global macro backdrop. As soon as we get across this brexit valley and trade war valley, things will settle down effectively. Manufacturing is weak globally. Trade uncertainty, brexit uncertainty. But you are starting to see pmi and the orders inflect a bit. You are at this Inflection Point where you are starting to get better geopolitical news. The mood can improve quickly, and that means Economic Stabilization in 2020. Weight it out. Wait it out. Ultimately, a little bit better geopolitical news is going to cause this inflection. Caroline the key question, what will it take to resolve the macro debate . Joining me around the table is bob miller of blackrock, Krishna Memani of invesco, and in london, james athey of aberdeen standard investment. Thank you for joining us. Bob, Inflection Point, are we there . Bob maybe. There appears to be a decline in the headwinds as
To the American People and will make a televised address this afternoon. He previewed his proposal by posting a video on twitter. The new climate rules aim to reduce Greenhouse Gases causing for a reduction by one third in 15 years. Republicans are already fighting back. Mitch mcconnell is telling all 50 governors not to obey the rules. America accounts for about 1 7 of the worlds emissions with half of those from plants releasing carbon into the air. You can see the president s announcement live at 2 15 eastern time. A major insurer turns down one takeover bid and accept another. Breaking up a merger partnerre had with xor. Stephanie at t is planning to introduce a bundle of tv and Wireless Phone services, its first appeal to consumers since completing the acquisition of directv. The offer will be available nationwide a week from today and will include the high death tv High Definition tv and mobile service with unlimited texting and talking and 10 gigabytes of data for four lines. At
Gas prices have been going up despite oils drop. Weve got Joe Petrowski telling us what he calls a potential fear premium forming in the gasoline price. Here is a question ive been asking. Is outer space big enough for along musk and Richard Branson . Well tell you about the new satellite war brewing between these two billionaires coming up in a while here. Plus, the Commission Free trading app robin hunt has done 1 billion in transactions. How lock can it keep those trades free of fees . Well ask the founders when they join us live. Lets begin with walmart and home depot and the mixed fortunes they presented this morning. Courtney reagan joins us with that story. Its been a long and short day all at once. Walmart and home depot are dow components. Some small merchandise categories cross over. The reason for guidance updates widely. Home depot, inline enings, stronger than expected samestore sales and better spending among higher income consumers and professionals. Home improvement ret
From brussels also coming up. For drug program. Where. Police release dramatic body camera footage of the Las Vegas Massacre investigators say the gunman was methodical and meticulous our correspondent is in las vegas with the latest. In the biggest data breach in history thats as ya would miss all three billion of its users were affected by a hack in two thousand and thirteen. Im sumi so misconduct good to have you with us spains King Philippe has harshly criticized catalonia as bad for independence in a televised address he accused catalan leaders of acting outside the law and carrying out a referendum on independence last weekend now despite that catalonia as leader told the b. B. C. The region would declare independence and quote a matter of days his threat comes after thousands of Pro Independence supporters demonstrated in barcelona protesting Police Violence during the session a vote. Im impassioned voices some seven hundred thousand strong a powerful message that cut alonso are
Equally the other Member States lack those protections as well. If we then come on to our cfc rules, we revamp our cfc rules broadly at the same time we much to a much more territorial system of tax. That slide gives a very broad summary of the old rules and the new rules. I think two key points about the old rules, they contained a quite strong presumption that activity should be in the uk if it could be, if you like. So therefore, there was a tendency for there to be a pull into the uk. If you moved activity from country x to country whyy, there might be a question why hadnt you moved it into the uk or where wasnt it in the uk in the first place. So that impact on foreign to foreign transactions was particularly crucial and prar particularly difficult for many businesses to handle. I think another key difference is the current rules are more proportionate proportionate. Under the old rules, you could in some circumstances have quite a lot of income that would have otherwise been caug