Grows inchment drama washington as President Trump goes on the offensive. The u. S. President also says a trade deal with china could get done quote sooner than you think. Authorize u. S. To tariffs. And warnings from some of londons biggest names. Imperial, pearson, and ing cut guidance for the year. Good morning. Matt good morning, anna. Less than half an hour away from the european open. I am looking at treasuries after the big spike we saw yesterday. Backed up above 1. 7. Indeed, we hit 1. 74. Where coming down as investors by bonds. Buy bonds. We are also looking at risk off trade in terms of european futures. Dax,a look at where we see cac and ftse futures trade. Not a lot of movement at all. The arrows are already, but really, not a lot of movement. What are you seeing on gmm . Ic 30 year treasuries also seeing a retreat. Bit of buying in that department. Indian and indonesia does higher. China is down by. 5 , which is interesting. Have forhe picture we the fx markets. We saw a
Million to 30 million tons. Next case, the federal reserve, jay powell says hes going to grow the Balance Sheet but dont call it qe4. Okay. I will put it into english. Interest rates are coming down. China trade and Interest Rates, thats why the market will go up at the opening bell. The dow lost 300 yesterday, likely to go up maybe 200 at the open this morning. The s p, the nasdaq, very solid gains this morning as well. Look, theres a lot coming at you throughout todays program. A jury awards 8 billion to a plaintiff who says he wasnt warned about the dangers of a Johnson Johnson drug. 8 billion. One hour from now, we will find out how many jobs are available, upwards of seven million. Two hours from now, jay powell speaks. We are following, yes, we will translate for you as well. This afternoon, the first lady brings youngsters to the white house to outline the dangers of flavored ecigarettes. And we may hear from nba commissioner adam silver. Hes in china, dealing with basketballs b
People thought it would be. Edward lawrence on what is being teed up for tomorrow. What do you have, edward . Reporter both teams are in their proverbial corners in washington, d. C. Vice premier liu he is getting ready for the meeting to happen tomorrow with the heads of trade delegations. As we said on your show, both parts of agreement, set a timetable for the deal. President donald trump said we come this far. He would like to see a complete full deal finished related to this. Economic advisors on this are mixed we have on one side larry kudlow saying that see what the chinese are offering coming to the table. On one corner Peter Navarro says the president wants a full deal because china needs it more than we do. The Chinese Commerce ministry will not negotiate Going Forward changing their laws. They will handle intellectual property enforcement through administrative regulation what is they have said. Well have to see if u. S. Trade representative Robert Lighthizer will agree to t
Huawei parts and various particulars there. That will freeze up fast. No more extensions. That is the push and pull on stocks right now. Meanwhile this issue of the on going hearing right now, inspector general, many others on capitol hill, whistleblower i should say, where all this is going, sentiment built to the conversation with the ukrainian leader that the president had back in july. A lot of people are looking at this 1998 feeling all over again. House democrats are pouncing on the whistleblowers complaint. It was House Republicans in 1998 were zealously going after impeaching president bill clinton. Impeached him in the house. Went nowhere to the senate. Survived that and had a good post presidency. They did the party out at that time from the white house did recapture the white house a couple years later. Markets were throughout back then. More of a little bit after roller coaster ride. Blake burman is here. Reporter almost simultaneously President Trump sent out a tweet that
The biggest economies in the world about to kiss and make up on their economically damaging trade war . Also, the return of the big bazooka, mario draghi is expected to throw the kitchen sink at the flagging euro zone economy we will tell you what that is and whether it will work. Financial markets across continent, london is up a little and so is germany. And well be getting the inside track on a business thats growing in style, we hear from the Business Owner making menopause clothing. Can now the us is set to ban flavoured e cigarettes, after a spate of vaping related deaths. So do you think itd the right course of action . Should other countries follow suit . Let us know just use the hashtag bbcbizlive hello and welcome to business live. President donald trump has announced that the us will delay a planned tariff hike on 250bn of chinese goods as a gesture of good will. In a tweet, mr trump said a 5 increase to duties scheduled fori october will be postponed for two weeks in respon