Results of bad well crunch the numbers also coming up well talk to an expert about the challenges of financing a corona vaccine for the entire planet and and few offices of spooky sign of the pandemic but could it become the norm Companies Make big savings and we get to work from home. Ive been physical and lets see business British Oil Major be paid last 16800000000. 00 in the 2nd quarter as the coronavirus crushed demand for crude its the worst Quarterly Report for b. P. Since that Deepwater Horizon Oil spill a decade ago prices for crude have tumbled by a 3rd these year b. P. Says the prospects for a quick recovery are uncertain the collapse comes as big oil faces existential questions of a Climate Change in response to invest the pressure of b. P. Has announced a new green strategy to ramp up its investment in renewable energy. Oil prices havent been this low in a long time a Coronavirus Crisis so factories close around the world travel was bad and Global Demand naturally plummet p
Data and parts of beijing are locked down. They see red after impairment charges and write offs that could hit 17. 5 billion in the second kwarquarter. Easy jet launches its first flight since march. Wed like to see it get replaced by Something Else and thats what the purpose is but there is the case that this should be tried and tested by the court and the french president lifts almost all virus restrictions reopening restaurants and bars as he claims victory over the virus. Starting tomorrow we will be able to turn the page. Well, a very warm welcome to street signs, everybody. European markets have now been open for about an hour we saw the stoxx 600 gain a percentage point. We saw whether it has further to run given the fragility of the Health Situation and thats in beijing and several states in the United States causing a lot of concern so certainly seeking a more cautious trade on friday. Lets see what the break down looks like in terms of region. We have red across the board her
Will allow us to master this challenge while delivering First Quarter profit slumps at hsbc and the bank warns that the coronavirus will have an impact the cfo says the outlook is improving for one key market caller we are beginning to see signs of recovery in china in particular, lesser extent in hong kong. We do think Economic Activity in q1, we do expect to see a recovery going into the Second Quarter. Novartis beats expectations as the swiss pharma giant be benefits but says potential treatment needs more time. Bp says environment is brutal and unprecedented we are very, very focused on driving that base even down and getting it to less than 35 a barrel next year and beyond if possible President Trump says china could have stopped the coronavirus from spreading adding his administration is probing what happened and warning beijing of consequences. There are a lot of ways you can hold them accountable. We are doing very serious investigations, as you know. We are not happy with chin
Further. Bp shares jump after it sheds alaska assets for 5. 6 billion pulling out of the state after 60 years as it seeks to boost its Balance Sheet thomas cook agrees to key terms of a rescue package with stake holders sending shares sharply lower as brokers warn it may lead to a delisting of the stock a very warm welcome to street signs big day in italy not only on a political front but we have a little bit of data on the confidence front we have Italian Consumer confidence for the month of august thats fallen to 111. 9 versus july at 113. 3. In terms of business confidence, that has fallen to 98. 9 versus 101. 2 in july so that is below the 100 level. Thats fallen to 9. 7 a ton census looking for 99. 8 and thats dropl whiche have seen in july. So moral taking a hit. He called the end to the coalition and called for a snap election now you just saw there on the screen, the euro trading slightly higher versus the dollar you can see its fairly resilient. Let me bring you up to speed in
The companys outlook misses analysts views. Shares of the chinese internet nosediving after hours. Twitter, the temporary Ceo Jack Dorsey under pressure as user growth could fall short again. It was an ugly day on wall street yesterday with the dow, s p, and nasdaq ending lower, a lot of it having to cowith mixed earnings. Keep in mind of the companies who have reported earnings, 76 have reported its above the mean estimate. Taking a look at futures, were in for a potential rebound. The dow up about 17 points in premarket trade. If you take a look at the u. S. Close, yes, i as i just told you stocks ending lower on monday. The dow jones at 17,440. The s p 500 dipping below its twoday moving average. Not a great sign for technicals about 0. 6 and the dmakz which has been powered by four main stocks, some of those momentum and high Growth Stocks coming off their high os testify day including social media and twitter, losing 2. 3 . We saw the nasdaq moving lower by around 1 . Ale though s