Both sides did hold phone talks adding recent contexts dont have the significance that the president suggested. President trump and treasury secretary mnuchin were asked about that report and here is how they responded. I dont know what you mean by that low level, the vice premier is low level, i dont think so. What is the position of the gentleman who was quoted in the newspaper today . Came out with a very significant and we communicated the vice premier of china thats not low level. I agree the statement that was spoken before me was are you ware of the calls happening . President trump and his french counterpart Emmanuel Macron will hold a joint News Conference, perhaps as soon as half hour from now well see. When it is held, of course, we will go live to it a lot to digest this morning i guess first thing i would share to you to bring it back to the markets, making my usual calls this morning of a number of asset managers, you get a resounding theme, which is this is an untradable
We see a bit of a drop when it comes to european stock equities, down some 0. 4 . A lot of the focus is on what Central Banks will and wont do in the upcoming days. Looking at pound, because of herschel he parliament and the suspended. Rogued, 1. 63, soear yield at it is stabilizing a little bit. We will be speaking to a Morgan Stanley chief executive. That interview coming up at 7 30 p. M. London time, but first, lets get straight to new york city and the bloomberg first word news. Of the chineser communist party taking aim at comments from a peter navarro, saying they are unconstructive lies. The president ial advisor is considered a hawk. He has repeatedly accused china of seven deadly sins. The peoples daily says such comments are preposterous. Te winningster con the first of two confidence votes in the italian parliament. Withomised to work closely brussels on a 2020 budget featuring lower labor taxes and a minimum wage. Later today, his Government Faces a senate vote. Factory pri
Minister the right to negotiate the split from the european clear resolutions the trade war union. China to braces and no clear meeting insight as well as tensions around brexit and huawei and weak for a long struggle. Manufacturing data. President trump says any trade deal will be far tougher if he this points to how risky the trade war is for global wins a second term. Economies. In japan the nikkei down started. Get slightly. We expect pmi composites today. Look at the land the yen have the dow and the nasdaq off of at 10 5. 7 coming falling more than 1 as session lows of one of 5. 74. Industrial and tech shares led declines. 105. 74. Firmly in the red, and we continue to lose ground as we see trade tensions, concerns the kospi coast lower yesterday. Over brexit as well playing to 12114,5trading at the markets. Fors p 500 losing ground the first time in four sessions. Level. Weaker than expected we also have u. S. Factory data 1211. 45. Signaling contractions for the first time in t
Borisjohnson is in berlin trying to convince Angela Merkel that brexit Withdrawal Agreement can change. He says if it doesnt the uk will leave without a deal on 31 october. The eu says the deal cant change. Heres the Prime Minister earlier. We cannot accept the current Withdrawal Agreement arrangements that either divide the uk, or lock us that either divide the uk, or lock us into the regulatory arrangements at the eu, the legal order at the eu, without the uk having any say on this matter is, so we do need that backstop removed. But, if we can do that, then im absolutely certain we can move forward together. This was Angela Merkels response. Ina way in a way to construct thats been created, so as to address the situation once hes coming when one does not find any kind of settlement on how to deal with the relationship between Northern Ireland and the republic of on this constitutes as you like and external border within Single Market so its an expression ofa Single Market so its an e
Pounding grand bahama island. At least 20 are injured, streets are flooded, many residents documenting the terror on their phones. Every room in this house had windows blown out except for right here. Hurricane dorian is expected to start moving later this morning in north, North Western direction, people in florida are ready for that, most have spent days boarding up their homes and preparing for this hurricane, some days more in a rush to get supplies, other days when the some track caninged or stalled the urgency seemed to subside, stores became a little less crowded, some areas in Palm Beach County are under mandatory Evacuation Orders, shelters are opened and some people are taking advantage of that but at the same time some worry unpredictability of the storm, the slowness of the storm is causing residents to let the guard down, here is the mayor of West Palm Beach. I just fear that people would be complacent and let the guard down and we cant get that happen. Hurricane warning i