The warning comes just hours before france downgrades Fourth Quarter growth to zero. And the u. S. Legislators propose sweeping antitrust reforms on tech giants including alphabet and amazon. 449 page report recommends curves curbs on acquisitions. 6 00 came in london, 9 00 a. M. In downtown well done, welcome to the myriad of tweet storms. It pulls the ripcord on fiscal negotiation. A very machiavelli move, then he offers the art of the deal. Good morning. We are betwixt and between. Annmarie good morning, a bit of a tugofwar because these came after jay powell was pretty unequivocal about his stand on what is needed for the u. S. Economy, saying the risk of overdoing it seems to be small. Youre looking at the trump tweets instructing his team to close negotiations. Manus the other thing that comes to mind is this, from promises to do a deal after he gets reelected. The risk is this, we have a fiscal void, that is the risk until february. Fiscal void takes you through to february. Tak
Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o
The Trump Administration overstepped its authority. Ntt reportedly planned to take its wireless carrier unit private. At buyout could be valued 38 billion. At thebreaking news moment. We are getting Industrial Production numbers for south korea. Year on year, it should be for the month of august, a decline of 3 , matching expectations, and bigger declines than the previous month. We continue to see some weakness year on year. Industrial production numbers have been in contraction for five consecutive months. When it comes to the previous month numbers, they have been revised slightly upwards but not by much. Month on month, a contraction of 0. 7 which is a contraction instead of just coming in flat as expected so that is disappointing numbers. Perhaps we could see some better numbers later in the year. We do have trade numbers for the month of september. We are expecting it to come up on thursday and exports are likely to see an annual gain in september so lets watch out for those numb
The capital has been hardest hit as a second wave of the virus sweeps across the country. And making a difference the alternative nobel prize for human rights is announced. We will take a look at those honored for their activism. Im brent goff. Two viewers watching on pbs in the United States and to all of your around the world, welcome. We begin tonight with the question who speaks for europe . At a summit in brussels, eu leaders are trying to agree on an answer. Sanctions against belarus, a joint approach on turkey, and how to distribute coronavirus recovery funds those are some of the issues demanding attention and unity. Delegates are hoping the summit will help break a deadlock over sanctions against belarus. He has become the unlucky center of attention. The president of cyprus has caused a big sterling leap. Cyprus has long been the only european state opposing sanctions against belarus, and the eu requires a unanimous decision to post those measures. The eu risks losing credibi
Snub. Stocks drop as astrazeneca after the vaccine trial the tests fail for one subject. The groups u. S. Shares fall in extended trade. The longest losing streak since may. Amid fears ajump Brexit Agreement is becoming unlikely. 7 00 a. M. In frankfurt. The fundamental question is this. Have you received a jolt in terms of the astrazeneca virus being halted . Has the equity market rally been questioned and undone . Tomarie there is a lot digest in terms of the vaccine. For me it is really about what happened yesterday in technology. Is this a healthy pullback . Is it the start of a correction that has further room to drop . This time last week it was like stocks going to infinity. Now the s p 500 is in nosebleed sections. Asian equities under pressure this morning. Csi 300 down 1. 5 . Msci asiapacific down 1 as well. European equity futures in the red. Softer but relatively flat. Nasdaq futures are higher. Yesterday the nasdaq did dip into that correction. We are seeing contagion acro