First speech to call for strength, resolve, and courage in europe, but steers clear of any serious policy prescriptions. Good morning. Lets take a quick look at the data this morning, getting set up for tuesdays trade. We have a yen that has weekend toalmost 109 weakened almost 109. Optimism for a trade deal driving the yen up to almost 109. Right now, 108. 77, driving up the 10 year yield, looking at 1. 80 right now on the 10 year yield as investors feel comfortable enough to let go of the perceived safety of u. S. Government debt. You see s p futures gaining once again after we saw new record highs for the Dow Jones Industrial average, the s p 500, and the nasdaq in yesterdays u. S. Trade. It is definitely looking like a lot of risk on sentiment in these markets as we get more and more optimism on trade. Still, equities may have even higher to go. Here with the details is dani burger. We might seeson equities move higher is theres one key group that has not latched onto this rally, a
Year not beating estimates. David it looks like their stock is down in the premarket about 2. 5 . Home depot before you so rudely interrupted me alix david is funny today. David not very funny. Per depot beat earnings share, a little light on revenue. They basically blamed a lot on lumber disinflation, basically. They are warning a lot about china. One is how they want to eat up the lumber costs, a 21 drop in the cost of lumber. At the same time, you have continued slowing homebuilding, but theres a lag for that. Home depot not necessarily feeling the full effect of that could weakness. Because of the price of lumber, overall sales are down. They took it down for the year. There estimates went down. Ls, theykoh reaffirmed their adjusted Earnings Guidance on that comp sales mess. We will dig into retail more over the next couple of hours. The equity markets looking a little bit soggy here, with s p Futures Party much flat. Dow jones off by about five. It doesnt feel like theres a lot of
Hes leaving the company after nearly 30 years. Takes its truck business public use the money for electric Car Development is this the way forward for other comics. This is your business im in berlin welcome as the 20 leaders are gathering in. Japan one topic dominates above all of us trade and most importantly the dispute between china and the u. S. There is optimism dubbed u. S. Trade representative robert lighthouses said this week that and not that 90 percent of the deal was done and donald trump has so far refrained from provoking the chinese on twitter on saturday he needs to chinese president xi jinping to see if any kind of breakthrough can be found. Getting the hellos out of the way but soon theyll be getting down to the real business of the weekend. Technology is a critical front in the ongoing us china trade conflict both nations see digital and technological supremacy essential to their economic futures the role of chinese firm weiwei and building 5 g. Networks and a u. S. L
Human fossils outside africa for the first time and. England prepare to take on australia in the cricket world cup semifinal at edgbaston. Good morning and welcome to the bbc news at nine. A Royal Navy Frigate has intercepted iranian boats that were harassing a British Oil Tanker in the gulf. The ministry of defence says hms montrose moved between the tanker and the iranian vessels, issuing a number of warnings over radio, before they moved off. Iran has previously threatened retaliation for the seizure of a tanker carrying iranian oil off gibraltar last week. The ministry of defence said three iranian vessels, believed to belong to the revolutionary guards, asked the tanker to stop in iranian waters close by, but withdrew after a warning from a Royal Navy Frigate. Its a strategically very important stretch of water between the persian gulf and the gulf of oman, bordered by iran and the United Arab Emirates. Iran has denied any encounter between its forces and foreign ships in the last
Thunderstorms my breaking out and into scotland as well. The reason why is low pressure moving across the British Isles at the moment and its moving across scotland. This is where we are going to see some of the heavier downpours, with the risk of flash flooding particularly across the eastern side of scotland this afternoon. It is eastern scotland, down into parts of north east england, where, if you do catch a thunderstorm you could see may be 20 30 millimetres of rain in an hour. Theyll be fairly slow moving. You can pick out one or two in the midlands and east anglia, maybe 10 15 millimetres of rain so the potential for some disruption. May be rather drizzly towards west facing welsh hills and its a rather muqqy facing welsh hills and its a rather muggy, warm afternoon out there, very pleasant if you get to see some sunshine and many places will be dry with sunny spells, but through the Late Afternoon into this evening just a closer look at where we are expecting some of the thunde