Misses expectations. Casp casp the ceo the tariffs are entering into the game. It will be a loselose for companies and regions. Best in a decades. Zurich hales a strong first half and strikes a bull iish tone on the outlook. The ceo says cost cuts have begun to pay off the change in portfolios in Property Casualty and we continue to shape our life portfolio to be neutral to the Financial Market situation and to provide risk coverages to our customers. A warm welcome to street signs. It is thursday, it does feel like friday after some of the market gyrations weve had over the last 24 hours. Yesterday was a tumultuous day across the board, across all different asset classes. Lets talk about some of the u. S. Equities price action the biggest comeback for the year across wall street. At one point dow was about 2 weaker, almost 600 points lower on the day it spent the rest of the session clawing back up slightly ending in the red yesterday below the flat line. S p and nasdaq did manage to
Back now all i know is that that alarm is still its very early when it finally goes off thats hard to when your on vacation does your body clock still make your get up early 730, yeah. What is that three extra hours or something. Thats like a weekend for me. I think we both do that. You cant, after all these years. And i think ben franklin was on to something, i do im not missing anything with that latenight tv, right . And by late night i mean like 9 00. Weve got a lot to tell you about today. We want to get to the futures moves in just a second but i first want to show you how we got here. The dow dropped 390 points during yesterdays session fell back below 26,000 bond yields resumed their augustdown tuaugusdown turn the rate cut jumped sharply. Now its up to 100 in september. Thats the betting line right now. And 82 in october some people alt 55 now on recession. So i dont you guys got a feeling on that . I mean, does the yield curve mean theres a recession because is there anything
[inaudible conversations] the hearing will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Federal
The reported secondquarter number for a net change in streaming subscription mist of the ball, but revenue is up. 4. 9 3ne up about 26 , billion was the estimate. Net income of 271 million. . 60, that is a beat as well. What people want to see is the growth in terms of subscribers. Romaine it is a fairly decent report. We have seen the ebbs and flows on a quarterly basis, but as laws they go upwards he will see investors willing to continue to take a shot on this. Scarlet it is all about the outlook, the Second Quarter has the release of Stranger Things, which is their number one show. People knew that the Second Quarter would be soft. It depends on how they step things up and what they focus on during the Conference Call as well. Caroline back to you, saying utilities are overbought, what you think of the faang names . Some of them are overbought as well. They do not bother me quite as much, if they have the growth opportunity. What bothers me on the opposite side is that money flow h
Exactly would my opponent be willing to delay . How about christmas . Climate advisors accuse ministers of a ramshackle approach to global heating reminiscent of dads army. The uk economy returns to growth in may, after shrinking in april, but fears of a slowdown persist. Ask alexa. Users of amazons digital assistant will now be able to get medical advice directly from the nhs. And a new deal to keep the british grand prix at silverstone is set to be announced, ensuring the future of the sports oldest race. Good morning. Welcome to bbc newsroom live. The former Prime Minister sir john major says hes prepared to go to court to prevent borisjohnson trying to force through a no deal brexit. Mrjohnson refused to rule out suspending parliament in last nights tv debate withjeremy hunt. Sirjohn, whos backing mr hunt, said denying mps their say was utterly and totally unacceptable. In order to close down parliament, the Prime Minister would have to go to her majesty the queen and ask for her p