Rejected. The eu is expected to approve a brexit delay as a fasttrack deal is blocked by mps. A fresh election could be in the cards. Softbank swoops in. Wework accepts a 9. 5 billion bailout from the Japanese Investment firm. The company is now worth less than 20 of its valuation in january. Semiconductor stocks fall on weak forecasts from Texas Instruments as the trade war bites. Good morning. Matt we are less than a halfhour away from the european open. Taking a look first at the treasury yield, you can see we have come higher and are now going lower. May a riskoff day. Take a look at what the futures trade is showing us across europe. Ax futures down ftse futures so far have been little changed. Dax and cac futures are both down substantially. You can see the parisian equity twox futures down more than thirds of 1 . In terms of u. S. Futures this morning, a sea of red. S p, dow jones, and nasdaq all off. What does the set up look like in terms of brexit after last nights big boat .
In other news, englands fracking industry has been much slower than expected to get up and running a report says low Public Acceptance is partly to blame. Turkey and russia have agreed what they say is an Historic Deal aimed at keeping Kurdish Forces away from syrias border with turkey. A generation of young people with special Education Needs are being failed a report by mps suggests bureaucracy and a lack of funding is tearing familes apart and in sport, it was a five star night for the english clubs in the Champions League as harry kane revives tottenhams qualification hopes, Raheem Sterling scores a hat trick as Manchester City beat atalanta. Good morning and welcome to the bbc news at nine. Downing street has signalled that borisjohnson will step up his efforts to force a general election, if eu leaders approve an extension to brexit of up to three months. It comes after last nights commons votes where mps first voted in favour of the governments Withdrawal Agreement bill, but the
And the news app. Now on bbc news live to singapore for Asia Business report. Us stocks close at you record highs we look at what is causing the optimism. Virgin galactic on the stock market debut. Good morning asia, hello well, glad you could join us. Lets kick off the programme with the us stock market because on wall street, the snp 500 index close at a fresh record high overnight. Equities gained with optimism over the progress of the us china trade dock and the Federal Reserve is expected to cut Interest Rates again this week. We have had earnings from alphabetic, beyond meat and t mobile. Earlier i asked whether the trade talk and rate cut expectations were masking general wea knesses expectations were masking general weaknesses in corporate earnings . Certainly that is the case. We are seeing any deal possibly signed in november raising investors hope we will not see trade tensions dolled between before the end of the year. We will see these december 29 tariff hikes delay which
Matt we have markets sapped in terms of their rally stamina because of amazons profit. Seen int reduction have a couple of years. The reason is one jeff bezos promised he would be delivering since the ipo. They are investing for growth, spending 1. 5 billion dollars in order to get customers free one day delivery and market share. Nejra they are certainly delivering on that. That has helped sales, but not delivered as much as investors might want. Boris johnson wanting to deliver that election by december 12. Jeremy corbyn has said labor will not back in election unless no deal brexit is taken off the table. If johnson succeeds, he may push brexit through by november 6. The other Sticking Point is the to know more about an extension at the moment. The eu saying, we need more details about the u. K. Election. A little bit of a catch 22. Matt absolutely. It is interesting labor makes both of those demands. No deal off the table and wants to know about the extension is going to get from t
A very good morning from inside the palace of westminster, where the queen will arrive in a short while to open a new session of parliament. But this is no routine event yes, well be able to enjoy all the usual colour and pagea ntry of the state opening, but it takes place at a time of great political and constitutional uncertainty where even the role of the crown in our National Affairs is being questioned. We were last here two years ago when theresa may was Prime Minister since when the Political Landscape has been turned upside down by the turbulent Brexit Process. Its Boris Johnsons first queens speech as Prime Minister he has no majority in the house of commons so there will inevitably be questions about his ability to deliver the pledges in the queens speech. We could indeed be back again before christmas. But lets deal with todays events first im joined by our Political Editor, Laura Kuenssberg. Good money, laura. Good morning, hew. It would be an understatement to say despite