Wednesday. Closing the day up by 123 points still on track for major indices to see the third week in a row looking at dow futures s p 500 down by 10, nasdaq down by 25. What happened . Stocks took a dive it was more a product of the percentages were going up for powell to have another cut all but factored in. Bad news has become good news. Good news has become good news if you look at the december percentage cut, it doubled 30 to 60 . October, yes december, yes. Sort of. The market took that as a positive well see what happens today the jobs report is the all important one that hits in 2. 5 hours time. Looking at what happened overnight in asia. The nikkei ended up by about a third a percentage point the hang seng is up just over 1 you are looking at a mixed picture. Not Much Movement for the dax or the ftse a little weakness in italy and spain. Looking at treasury yields coming under pressure on this data in terms of the ism manufacturing numbers and the nonmanufacturing ism we got y
European markets looking like this are to be open. We will get an expert view on what is moving the number is lower and why. And well be getting the inside track on a hot weather treat ice lollies. But while youre enjoying the treat, what happens to the wrapper . Today we want to know some cash starved churches are turning into Co Working Spaces. Is this a good idea . Should sacred spaces become offices . Let us know just use the hashtag bbcbizlive. Welcome to the programme. We start in italy, where the deadline for Political Parties to form a new government is now just hours away. If they fail a snap election would follow. The five Star Movement and the Democratic Party are still in talks about forming a coalition after they agreed that Giuseppe Conte should stay on as prime minister. All this comes at a time when europes fourth biggest economy continues to struggle and the region is facing a slowdown. Italy currently has 2. 3 trillion worth of public debt, which is equivalent to 133
We have a lot more on our website and you can also download the bbc news app. But now lets head to singapore and join rico his own for the Asia Business report. To the right, 328, to the left, 321. Ano to the right, 328, to the left, 321. A no deal exit opponents defeat the government and the pound gains on the news. Ahead of the stock market debut of wework we speak to their indian boss. Good morning, asia hello, world. Is wednesday, thank you forjoining us for another exciting addition of Asia Business report. Lets begin with brexit because borisjohnson has suffered a major defeat in parliament with tory rebels and Opposition Mps defeating the government, the first stage of their attempt to pass a law designed to prevent a no deal brexit. After falling to a three year low, the pound posted a brief rise against the dollar on the news. Our Political Correspondent told us what happens next. Tomorrow there will be a debate and a vote in the house of commons on a law that the Opposition M
Dateline london discusses whether hong kong is losing the battle for hearts and minds following thejuly 1st protests. Good morning and welcome to bbc news. The Trump Administration has been labelled inept, insecure and incompetent in leaked emails from the uk ambassador to washington. Sir kim darroch said that the white house was uniquely dysfunctional and divided under donald trump. But the ambassador also said in the memos that mr trump should not be written off. The Foreign Office says the leak of diplomatic cables was mischievous, but hasnt denied their authenticity. Speaking to andrew marr, the justice secretary said that ambassadors should be free to give frank assessments to their government. I think its very important that ambassadors give honest, unvarnished advice to their country and it is disgraceful that it has been leaked, but we should expect our ambassadors to tell the truth as they see it. Justice secretary, david gauke. Our correspondent andy moore has been at the us
Here on bbc news, its the 1,000th episode of click, and this week, its an interactive special. Good afternoon and welcome to bbc news. Thejustice secretary, david gauke, has strongly criticised the leak of emails in which the uk ambassador in washington describes president Trumps Administration as inept and incompetent. In the messages, seen by the mail on sunday, Sir Kim Darroch says the white house has been uniquely dysfunctional undeertrump, but warns that he should not be written off. The Foreign Office says the leak of diplomatic cables was mischievous, but hasnt denied their authenticity. The justice secretary has beeen speaking to the bbcs andrew marr. I think its very important that ambassadors give honest, unvarnished advice to their country and it is disgraceful that its been leaked, but we should expect our ambassadors to tell the truth as they see it. And therefore the government should stick by him . As i say, i think ambassadors need to be able to make their honest assess