Power, at least fourstorm related deaths as dorian makes its way on the east coast. In bahamas, hundreds possibly thousands are still missing, death toll continue to go rise in the bahamas, we will bring you live coverage, we will take you there coming up all morning. Ipo issues, wework report lid cut of valuation with more than half, weve got the Details Behind the struggle coming up, mornings with maria begins right now. Maria big show this morning, it is a big day for markets on joes day, joining the conversation this morning Fox Business Network Dagen Mcdowell and chief workforce analyst courtney is here and chief economist john, great to see you, guys. Good morning. Maria big day on jobs, a lot to talk about this morning, also on deck joining the conversation the founder of next digital, Majority Shareholder joining us live on hong kong unrest, activist and leader in hong kong situation and we will get his take on latest developments, congressman is here on Technology Jobs and for
Conference. Standard chartered shrugs off trade tensions to surpass expectations with firsthalf underlying revenue. Please speak to the cfo and next. Societe generale beats but revenue for fixed income dips in the quarter. We will hear from the ceo imminently. Matt the Federal Reserve has cut rates for the first time is really, but that only half the story. After the quarterpoint cut was announced, the chairman gave investors more than a little food for thought in what is widely described as a muddled press conference. He described the cut as essentially in the nature of a midcycle adjustment. Stocks hit session lows and the closely watched twoyear and 10 year spread flattened to the narrowest since march of this year. To say the move had an insurance aspect rather than signaling the start of an extended easing cycle. To thefurther adding confusion it with the comment that said i didnt say it is just one cut. The president said on twitter powell let us down. Keepovernors voted to rates
Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv
15 years. All that, plus dangerous breed or dangerous owners. The debate about whether the american bully xl should be bannedin american bully xl should be banned in the uk dont forget to email in with your views to gbviews gbnews. Com with your thoughts. Now though, lets get a full round up of the latest headunes a full round up of the latest headlines with. Ray headlines with. Ray good afternoon. Its 12 01. Good afternoon. Its 12 01. Our top story this hour and as weve been hearing, a man has been stabbed in the arm near the British Museum in london. This happened just a short time ago. A 27 year old American Woman said she was about to enter the queue at the British Museum when she was told to leave by police. A man has been arrested on suspicion of causing grievous bodily harm, met police say it was an isolated incident and there is no outstanding risk to there is no outstanding risk to the public. Its not being treated as terror related, were hearing. Well bring you more on this s
A higher price to pay if you have a sweet tooth. Price is a soaring chocolate make, has a feeding the hungry call to employees close to half of indias workforce, but generates less than 20 percent of g d. P. Millions of small hold of farmers who have seen the yields and incomes full, demanding support from the government. Prime minister and run the movie needs the vote soon as he seeks to extend his decade in office, but keeping them happy. Well, thats been a challenge. Actual time of age reports engulfed into your gas. These farmers have been marching to new delhi, demanding guaranteed across the prices are request, the government refuses to give them, but it is the duty of the government that they should give us minimum support price. We are demanding minimum support price for 23. 00 crops. If they agree to it, entire nation will be prosperous. Our entire families will be employed. For weeks, farmers across india had been taken to the streets. They are unhappy with the conditions pro