The Trump Administration overstepped its authority. Ntt reportedly planned to take its wireless carrier unit private. At buyout could be valued 38 billion. At thebreaking news moment. We are getting Industrial Production numbers for south korea. Year on year, it should be for the month of august, a decline of 3 , matching expectations, and bigger declines than the previous month. We continue to see some weakness year on year. Industrial production numbers have been in contraction for five consecutive months. When it comes to the previous month numbers, they have been revised slightly upwards but not by much. Month on month, a contraction of 0. 7 which is a contraction instead of just coming in flat as expected so that is disappointing numbers. Perhaps we could see some better numbers later in the year. We do have trade numbers for the month of september. We are expecting it to come up on thursday and exports are likely to see an annual gain in september so lets watch out for those numb
Mile. Vandalization, high crime, 100 arrested, 13 officers injured. I dont know where to start on this one but well be covering it. Because there are ramifications for the rest of the country and maybe the president ial race. Meantime, focusing at the corner of wall and broad, with the dow up 300 points. A lot is on optimism that despite the back and forth nastiness between democrats and republicans on the president s executive orders here, to go ahead and provide stimulus himself because congress was unable to do it, there is optimism that some deal will ultimately struck. It moo be ultimately close to what the president wants, there are nagging issues is it constitutionsame issues come up when republicans were saying that to barack obama when he was looking at a payroll tax cut there is a long history to president s taking these payroll tax cuts to the executive level. President george w. Bush implemented one with much democratic, you know complaining. Again i mentioned about preside
Short of some forecasts while saudi and russia call for compliance. Effective compliance is vital if we are to secure the hard won stability and restore confidence in the effectiveness of the entire group. Travel turbulence france reportedly prepares to unveil a 10 billion euro rescue package while three British Airlines launch a legal challenge against the governments quarantine measures and astrazeneca will not comment on speculation after reports sugge suggest considering a mass i have tie up in u. S. Rifle gilead a very warm welcome to street signs everybody. Happy monday were about an hour into the session and a little bit of retreat mode trading down by. 7 and lets put this into context. Were coming off of a very strong week last week. We saw gains across the board here in europe but not to the same extent up about 6. 7 its fair to say the main event last week in terms of data was the remarkable jobs report that came through theyre pointing to misclassification of workers in the
Diverts our attention from something they dont want us to see by creating Something Else look over there squirrel. Something else for us to focus on think president clinton the war in the balkans think president bush iraq think president reagan grenada we could go on we could go on so what about trump iran. Why dont i ask this because in recent weeks the tensions between the United States and iran have escalated seriously both in words and in deeds with comments from both sides it sounds like theyre itching for a fight trump i have instructed the United States navy to shoot down and destroy any and all iranian gun boats if they heris our ships at sea those are mr trumps words irans naval commander i have ordered our naval forces to destroy any america. In terrorist force in the persian gulf to threaten security all the wrongs military or non military ships these are 2 leaders talking in really threatening words right each side is accusing the other of bullying of carelessness and of pr
Measures fail to emerge. On the monetary side, the bank of england, becomes the latest to cut rates treasury yields hovering around 80 basis points. Full Team Coverage of todays market plunge. Mike san tolly is with us and meg on the latest on the coronavirus. But well begin with breaking news out of washington major Bank Executives meet with the president today. Well get to wolf at the white house. Reporter the president and the Vice President and the treasury secretary currently hosting in the white house behind me the leaders of the major Financial Institutions of this country in attendance we have the leaders of jpmorgan, bank of america, citigroup, goldman sachs, wells fargo, black stone making it the type of gathering we havent seen since the peak of the financial crisis. Theyre all inside, as we speak. What will be on the agenda well, two main things. Number one, liquidity and the functioning of markets number two, lending to businesses that are most affected by the coronavirus.