Toolbox, but there are no plans to use them. Since the decision, we did see the market pare back a little bit, pricing around negative rates. Bailey also saying the bank of england forecast has an unusually large downside skew. The reaction, the pound suggests the market took the boe forecast as pretty robust. 1. 3172. Dailey also says it is hard to draw a conclusion from the bank of vacant forecast and we must be careful not to over interpret faster indicators. Hes speaking in a briefing to journalists right now, saying the boe could use like forward guidance, negative rates of the toolbox. Tom it looks like it is moving the market with lower Interest Rates seen across the u. S. Sterling on a tear, 1. 31 69. Look for our conversation with the governor of the bank of england. Francine lacqua and the governor, 8 00 a. M. New york time, 1 00 p. M. In london. She has some very in pointed she has a very pointed questions from our economics team. From news in new york said he, ritika gupta.
Approaches. But we took we sent a strong signal to europeans and the rest of the world that we share values and that the union is a you get a values and citizens and that it can answer with strength and in a robust area if needed. European stock futures push higher but the euro dips on the news. Global equities already receive a tail as an Oxford University trial shows promising results. We will be watching novartis. The group ceo joins us this morning. Resume buybacks quarter. Intenseur days of negotiations, eu leaders have agreed on a landmark stimulus package that will see the block help 750 billion euros to Member States mitigate the downturn. Maria tadeo is in brussels. Great to have you with us. Take us through the details of the deal. Aria what we know is that the deal came in at 5 30 in the morning. Everyone here is putting a very positive spin on the news. We heard from Angela Merkel, saying this is an historic moment. Emmanuel macron also saying this is a breakthrough moment.
This is your Business Report im stephen beards in blood thanks for watching the u. S. Economy grew at a faster rate this summer than previously thought analysts say its a sign of the countrys economic hardiness turn a global slowdown the Commerce Department reported 2 point one percent g. D. P. Growth between july and september thats 2 tenths of a percent higher than an earlier estimate it turns out that businesses invested more than expected Summer Spending meanwhile remains robust a good sign for the coming Holiday Season. And we go now to core to our financial correspondent in new york i want to talk about another traditional gauge of the u. S. Economy market indexes yesterday the Dow Jones Industrial average closing at a record high for the 100th time since Donald Trumps inauguration so whats behind that surge. You know actually here on wednesday we had another record close so now its 101. 00 records since january of 2017 that is pretty stunning and us President Donald Trump Better
Saddam crisis. The start of an era that defines overmanaged today. 97 in the big meeting today small stores december 23rd double. The u. S. Economy is looking quite durable as the ever important Holiday Season approaches Business Investment is off Consumer Spending is strong the markets are on fire well look at what that all means for normal americans. Also on the show farmers are rolling into european capitals and protests well tell you what has them upset. This is your Business Report im stephen bears in blood thanks for watching. The u. S. Economy grew at a faster rate this summer than previously thought analysts say its a sign of the countrys economic hardiness during a global slowdown the Commerce Department reported 2 point one percent g. D. P. Growth between july and september thats 2 tenths of a percent higher than an earlier estimate it turns out that businesses invested more than expected and some are spending meanwhile events robust a good sign for the coming Holiday Season.
Someone who supported the protests and lost their job our correspondent he is building a fire this exclusive. One month ago Flight Attendant rebecca c. Was called suddenly into an urgent meeting with the management of her company it just happened in 5 minutes and it and my 17 year career already. Shown screenshots of facebook posts she made in support of hong kongs protest movement and she confirmed they were hers she was fired she had been working as a dragon a subsidiary of hong kongs Traditional Airline Cathay Pacific she was also the chip person of the Flight Attendants union that supports the protests. Its just what was special operations at the facility manager tells us to leave the companys premises beijing has put pressure on hong kong businesses to suppress protest or to fiftys because they is at the center of the controversy china issued a security warning against the company banning crew and pilots just protests from flying into and over the mainland more than a dozen employ