And keeping a close eye on the markets. , here in europe, they are ending ona markets. , here in europe, they are ending on a downward trend. And well be looking back at the Economic News of the week as the us cuts Interest Rates and oil prices prices continue their rollercoaster ride after the attacks on saudi oilfacilities. And as comedians head to a british girls school to give classes in confidence to pupils to help them with Difficult Conversations like those over pay in later life. Today we want to know what are your top tips for boosting your confidence at work . Let us know just use the hashtag bbcbizlive hello and welcome to business live. Lots to pack in for you this morning we start with thomas cook its the Worlds Largest and oldest travel company but its future is looking increasingly uncertain. A planned rescue of the struggling firm by chinese conglomerate fosun is now under threat after its banks demanded it find £200 million in extra contingency funding. Without the de
Like it or not, we are big spenders and big borrowers, too. Now look at this. Boris johnson is the new Prime Minister of great britain. In a gracious victory speech, he said he would complete brexit, unite the country and beat the socialist jeremy corbyn. Hes the first to admit he has an uphill struggle but hes got a sense of humor and reminds me very much of donald trump. More on boris coming up for you. Look at this. Stocks going up again this morning. A series of Solid Earnings reports are clearly helping. Two dow stocks, cocacola, united technology, they are standouts. Obviously helping the overall average. Profits across the board are strong. Stocks also getting help from the budget deal. The governments not going to run out of money and they can borrow. The dow is going up triple digits, about 100 points. S p up 11. Look at that nasdaq, up 33. Thats close to a half percentage point gain. Summer doldrums . Not here. Varney company is about to begin. Stuart a little time with me. I
Francine good morning, everyone. Welcome to bloomberg surveillance. Good morning if you are watching from europe and the u. S. , good afternoon if you are watching from asia. Francine lacqua here from westminster, what a day this is the day Boris Johnson becomes Prime Minister. There is a lot of pageantry today. Has her last Prime Minister questions our in parliament and that she goes to see the queen. She comes back, and then it is Boris Johnson started to see the queen. In the meantime, we have market movement. Euro area july manufacturing pmi is below forecasts at 46. 4. Services pmi is pretty much in line with expectations that it is a fall from the month before. We also had ugly german data which will impact eurodollar. This is what is coming up on bloomberg surveillance. , forve plenty of guests example, the ac malan chairman and deputy chairman at rothschild. He will be with us to talk the latest on oil. We also have robin from Chatham House. Lets get straight to bloomberg first
Above that level of poverty according to the un. Today is the United Nations International Day for the eradication of poverty, something Global Leaders committed to do in 2015 that established the uns Sustainable Development goals. So, why is solving global poverty proving so difficult . Joining me now is Luis Felipe Lopez calva, global director for poverty and equity at the world bank. A very warm welcome to the programme. This is such a big issue and we have a few minutes in the world of television which is not enough time, but in your opinion, why is this problem getting worse and not better . ~ problem getting worse and not better . , ~ ,. ,. Problem getting worse and not better . , ~ ,. ~ , better . Thank you very much. As ou ve better . Thank you very much. As you very well better . Thank you very much. As you very well explained, better . Thank you very much. As you very well explained, the you very well explained, the world agreed that poverty would be our objective number one
Then we have a miraculous. That is three, count them three sessions in one. Let me walk you through it i am going to go blow by blow so you understand this mornings stock opened so strong i wrote a piece, please, dont chase this rally you have bad news out there. From united continental. Devastatingly series of reports about a collapse, wholesale collapse in sales for the new iphone not to mention a damning story about the quarter from Texas Instruments. Then the market takes a total header in reaction to the stories. And when the dow had fallen 272 points from its high, i cashed off other piece i argued you might not want to own the stocks in an immediate blast zone, still plenty of good stuff to buy before the proverbial cyber ink could dry, we shot up 140 points and that was the moment i realized it is time to adopt a new view about this market we have a 9 30to 11 00 a. M. Session and another 111 002 00. It is that difficult what exactly did happen today . As i always tell you in th