The 4th people started to evacuate the area around the port because. There was Little Information on what caused the fire the Lebanese Army then issued a statement saying this was not a deliberate this was an accident and. Fire that oil as well as tires that were stored in a warehouse caught fire and the army as well as firefighters theyve been deployed to the scene as you can see trying to put out the flames helicopters have are also being used to try to distinguish extinguish the flames that are on their nerves this is a city that is still on their nerves the city still demanding answers theyre still having questions on what caused that massive explosion 55 weeks ago investigations are continuing. The case has been theyve been questioning Security Officials as well as politicians but still no answers still no official help to account especially since so many officials were aware of the presence of highly explosive Ammonium Nitrate at the warehouse and they did nothing about it. Thous
Reputation that caught our attention. It is discrepancies in the rules. Earlier this week, the director talked about how it should be used. It was narrowly focused on looking at the pay roll and trying to help those businesses keep their employees paid. Yet newly released date eight shows 730 corporations, including several employment agencies all report zero employees. Yet they cash in the on 257 million in fulling. They did not retain any employees is a lot costly there be another explanation . If it says zero, i have to believe its probably more of a data reporting error or a field the bank didnt capture for some reason. Reporter heres a question. Why would an application for a milliondollar loan be approved without the company even identifying jobs would be retained in. An shoot outrage. The real incentive for many of these companies is that even if they knew they would have to refaye loans because they didnt use it toward saving jobs, they were able to benefit from the extremely l
Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans
Lets look at markets. We are not saying much. Coming up, you will hear from this man. Our interview on risks and Financial Markets. And Brian Moynahan on the state of the american consumer. Lets get bloomberg first word news. Frozen pork, pharmaceuticals, some reductions from china, not related to trade discussions, but part of beijings effort to support the claim it is opening its economy. Weekend, aa tense Police Officer pointing his revolver at protesters. U. S. , President Donald Trump asked about ukraine aid before his call with the countrys president. The heavily redacted emails were by the Nonprofit Center for public integrity. They show the administration ordering a hold on aid in our after the phone call. Bush fires burning out of control in new south wales. Died,st nine people have hundreds of buildings have been burned down. The fires of being stoked by record temperatures in the region. Guy the s p is up, bonds are higher, gold is gaining. What about next year . Is joining
I have a statistic, it has been over a thousand days since the brexit referendum. Yvonne lets check the markets. , hang senge nikkei to the upside, brushing off Global Growth concerns and geopolitical uncertainties with trade tensions. This is the position for the moment in sydney. The gold miners are taking a real hit. Gold price falling back, but elsewhere, this is the position, gold futures are up. They have been down largely, and way below the 1500 level. Gold miners in australia are cutting their forecasts, and fallbacks. To lam seng, we look to carrie to speak in about an hour, will she come out with new ideas . Market participants think not anymore. The u. S. Dollar against sterling, looking as though we are moving toward a deal. We only have until thursday. October 19 is a key date. The vix index is down again, and that suggests there is more confidence. That is the current position market wise. Lets go to new york with first word news. The imf has lowered its forecast for Glob