Conversation on top headlines. Heres Brendan Greeley. Brendan china is stepping up its verbal support for the yuan stemming the currencys worst fall into decades. The Central Bank Held a rare press briefing today. Officials said theres a reason for the depreciation to persist. Plus the bank said it will take action when there is excessive volatility. Concerns a good cause instability in china. There is a surprise from greece this morning, the government says the economy unexpectedly in the Second Quarter. Economists forecasted it would shrink. The economy have been crippled by months of haggling over the bailout. The greek armament is preparing to vote on the new bailout package. New spending cuts and tech hikes tax hikes. The rest of the euro has devote. Former president jimmy carter undergoing treatment for cancer. Mr. Carters of the cancer was discovered during liver surgery and is in multiple locations. He is 90 years old. He says he will release more information as soon as next we
Up 2. 4 in terms of cocktails. Comp sales. The estimate was 2. 2 . It is the beginning of the backtoschool season. We will see more from the press release in terms of the year forecast. Adjusted earnings per share for 60475 460475. That is a raise. A pretty good outlook for target. We are seeing shares spike in early trading. They are now up to a three quarters of a percent. Olivia thank you so much. Time now for this mornings top stories. Greeces third bailout has cleared a hurdle. The parliament overwhelmingly voted in favor of the package in germany. There are now 30,000 firefighters battling wildfires in the west. They are being assisted by 200 soldiers. Five states are battling 10 wildfires each. The worlds secondlargest homeimprovement chain. Lowes posted secondquarter profits. The rebound and home prices led to Consumer Spending more on their houses but that did not translate into robust sales. Do it model being imported into china will make gm the first detroit automaker to sel
Michael flynn is getting help from his family in setting up a moneydefense fund. The will help cover legal fees for the investigation into russian meddling in the 2016 president ial election. Flynn is among a dozen former Trump Campaign officials that could face steep legal costs following the appointment of special counsel robert mueller. Misled vicedly president pence. He resigned weeks after President Trump took office. Barack obama has become a hit on wall street according to a person familiar with the matter. He was paid 400,000 last month to speed to clients of northern trust. Last week he spoke to carlyle atup and next week, speaks the health care conference. Global news 24 hours a day powered by 27 hundred journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloombergs World Headquarters in new york, im julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. Julia 30 minutes from the close of trading and optimism is in the air.
Him and he won it to please everybody. He is serving a 150 year sentence. The Supreme Court will issue the last opinions of its term on monday according to chief justice john roberts. The court has six argued cases awaiting decision, although it auld schedule some for schedule in october. The court could act on the travel ban and any time. Food will soon run out for south sudanese sheltering in uganda according to the United Nations refugee chief where he described disturbing shortfalls in areas like food, shelter, and education. He said that malnutrition rates among refugees are alarming and said thatfood program the pipeline in uganda will try up soon or code global news 24 hours a day from our more than 2700 journalists in more than 120 news bureaus around the world. I am mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, i am julia chatterley. I am scarlet fu. Joe an im joe weisenthal. Towards thestocks final close of the week. Joe but the questio
Mitch mcconnell released his new Health Care Bill today, trying to gain support by letting insurers sell lowcost policies and reaching for moderates with added aliens to combat added billions to combat opioid abuse. Confrontationsed across the congress, numerous meetings with constituents, and conversations with members, our congress has a dated last months draft with additional provisions to make it stronger. Mark with democrats uniformly opposing the effort, mcconnell leads 50 out of 52 gop votes to prevail. Theresa may has unveiled a landmark law that would remove britain from the european union, aimed at transferring eu laws onto the british statute vote when brexit takes place in march of 2019. It would hand the government two years to alter u. K. Laws through a fasttrack process. Rex tillerson has wrapped up his tour of the persian gulf with little sign of progress and breaking a deadlock between kutcher and four and qatar and four neighbors isolating it. Withtary tillerson met q