According to a report by the childrens commissioner for england, who says the situation is a scandal. Cardinal george pell, the most senior catholic cleric to be found guilty of child sexual abuse, has lost an appeal in australia against his conviction. President trump has cancelled an official state visit to denmark after the nations Prime Minister confirmed greenland was not for sale. Good morning. Welcome to bbc newsroom live. The government has appointed a panel of experts to review the h52 Railway Project to check whether and for how long the project should continue. The first segment of h52, the line between london and birmingham, is due to open at the end of 2026. The second phase linking leeds and manchester is due for completion by 2032 33. In 2015 the cost of the project was predicted to be more than £55 billion. But borisjohnson has said he expects the costs to spiral to over 100 billion. This morning the transport secretary grant shapps didnt rule out scrapping the project
Billions more if trade talks do not progress. Osaka and japan. H2o plans to wash its hands of toxic debt. In a bloomberg investigation s employees have worked with the Chinese Military. Less than half an hour away from the start of european trading. Want to draw your attention to treasuries. Yields have floated higher since coming down. Now, this as Goldman Sachs joins jp morgan slashing forecast. Indicating a risk in session is ahead. Futures, same impression. Dax futures up 0. 6 . Paris, a quarter percent. Gains of 0. 2 . What do you see in the gmm . Asian equities going higher. Yields higher. Despite President Trumps talking about how he has a plan b . Has been captivated by reports may be a truce could be on the table if we see some restarts. Hong kong up 1. 2 . We do see money coming out of the yen. Lets go to the other side. You can see coming out of treasuries, and going into debt. Watchinging to be mining stocks in the european section. Prices, and focus in brazil and china. Co
Af reporting after the close today. And the one central bank cutting Interest Rates despite inflation. This as we an wait the latest fm the bank of england. First, amd and qualcomm coming up short and giving investors new reasons to worry it is thursday, august 3rd you are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dom chu in for frank holland. Lets check in on stock futures. Losing steam we are sitting at or near session lows for the futures market s p is implied lower by 15 points Dow Jones Industrial average lower by 100 nasdaq down by 60. You can see a sharp leg lower right around when europe just started trading and it has been drifting lower since here. We currently stand at 4,520 for the s p. This was all after a rough day for wall street on the heels of the fitch downgrade. Nasdaq posting the worst day since february right now,. 50 to the downside. S p down 1 . Some conviction in the move lower based on volume. By the close yesterday, spy clos
Flight to safety. Shares in semins as diagnostics takes a hit in the Third Quarter. The ceo says hes still confident despite some challenges. We saw some headwinds from Foreign Exchange over the year and we guide for this in the last quarter and because of this, we see very well underway to get to the lower end of the original guidance. Four charges and six alleged cocon coconspirators. Former President Donald Trump is indicted for attempting to overturn the 2020 election and conspiracy to defraud the u. S. Well, good morning to you. Heres the news weve been breaking across the morning. Fitch stripping the United States of its aaa reading and down to aa its over the standard of governance over the last 20 years following the buy saturday tan talk in the month of may which eventually saw the debt ceiling raised until january 2025 now, the agency had placed the u. S. On negative watch following the 11th hour deal fitch then also flagged a high debt burden along with an expected mild rece
Force earlier on today. Well, force earlier on today. Well, the other main news today is that the government has suffered a defeat, a third defeat, indeed to its flagship immigration policy , the rwanda bill in the policy, the rwanda bill in the house of lords this evening. Peers voted by 277 votes to 167, in favour of a monitoring mechanism which would ensure safeguards in the bill will be fully implemented. If youre fully implemented. If youre watching us on tv , you can see watching us on tv, you can see these live pictures coming to us from the upper chamber. Now there is, we believe, another session this evening where therell be a vote possibly two more votes, and it comes a day after two earlier defeats where the lords backed motions making sure the bill is fully compliant with the law. Those actually were earlier on today. So far, nearly 50 amendments have been put forward to the this bill, put forward to the on this bill, with more being voted as i with more being voted on. As