Look at how we are doing on the sector picture. It looks fairly split. To theng of a bias downside. Materials and the Energy Business look in the red. We will look at the bp share price in a moment. Financials, industrials and health care mixed. No clear picture coming through. Many of these sectors look fairly mixed. Matt we see more stocks losing than winning. Down, 250 gaining right now. If you look at the moves to the upside, you see Louis Vuitton rising, only 0. 5 . Bp up 0. 4 after putting out earnings. You see a lot of metals and minors stocks to the upside. Hsbc down 0. 75 . , a lot ofvartis drugmakers and consumer staples, Household Goods coming down. Diageo also declining. Down about 0. 4 . Lets focus on the fed ahead of tomorrows fmoc meeting. A Third Straight rate cut is expected, but the focus will be guidance aspowells far as policy to come. Powell has said the economy is in good shape, but gdp growth is expected to slow further in the Third Quarter. Peterg us now is, Pet
The yield is trading right now and the opening markets. That will not match up with the auctions today and tomorrow. Keep an eye on the dollaryen. Kind of stuck within a bound, but we will see if there is a breakout, and you see the nasdaq, golden dragon. All the big Chinese Markets moving lower, down about 2 right now. Guy just a few headlines coming through from washington. The boss of the imf is speaking and she will be talking to tom keene later on this program. What she is saying is the Global Economy, much of which is deteriorating at the moment, warning about the impacts of the what war, and reinforcing Christine Lagarde kept saying again and again and again, the war is negative for Global Growth in that story continues. It continues in the market the stoxx 600, you have 500 up, sorry, 500 down and less than 100 up. The stoxx 600 is trading up slightly higher. Lows andith session the pound is under pressure. The brexit story is taking a turn for the worst. Vonnie we will hear fr
Selling nba products. A stark warning from beijing, stay out of chinas sovereignty. Keep your mouth shut. Theres action on the trade front. The u. S. Has blacklisted 28 companies which are accused of helping in the repression of uighur muslims in western china. The Foreign Ministry there is considering retaliation. High level talks resume in washington this week, now with a more threatening backdrop. Its another day when the market reacts to headlines. Investors clearly worried again about china trade. The white house is also looking at limiting chinese stocks in u. S. Government Pension Funds. Now, were looking at a significant drop at the opening bell. The dow is off about 170, s p down 17, big drop for the nasdaq, down about 40 to 50 points. Heres what we have. Free speech threatened, American Business threatened, china playing hardball defense as it faces challenges from all sides. Varney company is about to begin. Stuart china trade, deputy level talks start today ahead of the hig
The new head of the imf has given a bleak forecast for the World Economy saying the fallout from trade wars could last a generation. Speaking of the man. Thats a jean claude yunker. I was hoping to talk about President Trump, because the white house has presented a key witness from giving evidence to the democrats impeachment inquiry. Let me start by showing you the statement from the president of the European Parliament, released after he met Boris Johnson European Parliament, released after he met borisjohnson earlier. He says. You can make a decent case, that relations between the uk and european are as fragile as theyve been for decades much more so because of the last 2a hours. Brexit is supposed to happen on october 31 but theres increasing confusion and acrimony. A lot has happened. Stay with me and ill take you through it. First to a call between Angela Merkel and Boris Johnson this morning. After it downing street briefed that a deal was now essentially impossible. Heres norma
Reporting from washington, i am laura trevelyan. The white house blocks a key witness from giving testimony in the impeachment inquiry, saying he cannot appear before a kangaroo court. A major row between the nba and china could cost the league millions. We will bring you the latest on this clash of sport and politics. Plus, she has explored some of the worlds most captivating caves. Now she is sharing stories about the oceans hidden depths. Laura for those watching on pbs and around the globe, welcome to world news america. The white house went on the offensive against the congressional impeachment inquiry today, blocking the testimony of a key witness. In response, House Democrats leading the investigation say they would issue a subpoena so they can hear from Gordon Sondland, the ambassador to the eu. Democrats are looking into the president s efforts to pressure ukraines leader to find dirt on his rivals, an inquiry mr. Trump calls a sham. Here is the man House Democrats wanted to h