Biggest rally since april. Zoom and tesla lead the balance for the electric carmaker jumping over 10 . Lawmakers become lawbreakers. The e. U. Considers legal action over the u. K. s plan to breach the brexit deal. The two sides hold an emergency meeting today. Class growing confit plus growing confidence. Hold ass set to stay on bloomberg learns some officials now see a reduced need for further stimulus down the line. As i said, just under one hour away from the start of cash equity trading in europe. Lets take a look at futures first. We do see gains on dax futures up about. 4 right now. Also, euro stocks futures are up. But you do see ftse futures down this morning so keep your eye on that divergence. In terms of u. S. Futuress, after the gains yesterday, we see continued gains in futures with dow and s p many contracts up. 2 . Anna . Talk about whats going on in the Asian Session in terms of the gmm. We have had a day where we have seen real resurgence as you mentioned in stocks, a
Across the atlantic. House Speaker Nancy Pelosi said there would be no chance of a trade agreement with the u. S. If Boris Johnsons action threatens hes in northern ireland. Meanwhile, Boris Johnson is defending his comments in which he intentionally downplays the severity of this coronavirus. President told author and Journalist Bob Woodward he likes playing down concerns to avoid panic. Democratic president ial nominee joe biden said trump failed to do his job and is responsible for tens of thousands of deaths for not getting adequate warning about the dangers of the virus. Now, one in five companies in coveringwith only just debt Interest Payments according to the conservative think tank onward. It is called for the chancellor to relax the rules on virus loans repayments, warning the economic recovery will be hampered by crippling levels of corporate debt. It says borrowing sense lockdown began, threatening to push more than 4 of companies, employing almost only 2 Million People int
The dow gained 91 points the s p only climbed 1. 9 . Nasdaq barely at all 0. 8 where do i even start . This morning kicked off with an interview we did with the chief Economic Advisor and my former cohost here on cnbc, he explained that the agreement side with china is a lot more farreaching than most people realize. It actually forces china to change the way it runs its economy to create a more level playing field. He said our relationship with china is quite cordial because the Chinese Government recognizes that the United States doesnt want to disengage with them. While this deal was being negotiated, the big fault line was repeating those who dont believe china can ever be redeemed so why not just keep hitting them with tariffs forever so wreck their economy and those that think that china can be a good trading partner if theyre willing to play by the rules. Call it the engage camp versus the disengage camp and the engage camp just won from the stock market perspective, that is fab
Focus, warning that the central bank has limited tolerance for rising prices. Cpi data due at 9 30 gmc. Francine and live from the World Economic forum in davos, switzerland the future of finance. John cryan joins our debate about the transformation of the industry, do any moment. And in european banking, we will be speaking to the Credit Suisse ceo. Dont miss that exclusive interview at 9 15 u. K. Time. Stealssident xi jingping the spotlight, with his first speech ever at the forum. Lets get back to the World Economic forum in davos, with bloombergs tom keene and his panel on the future of finance. Tom if you dont make it every 90 days, the world falls apart. We have a panelist to provides us with a terrific historical committedwho has been to acquiring for the United States of america different pieces of our heritage and history and possibly understands the 1930s like no one in the room, and certainly a political moment we are in worldwide. Finally, we have a panelist to full disclos
Begin the trading week. In positive territory. We will talk about what will move them later in the week later in the programme. We are joined by a french entrepreneur described as a Rock Star In The World of proud funding. She will reveal to us her latest plans shortly. And the winner is. La la land. Moonlight . Sort out the autocue what a night. What is your Warren Beatty moment . Get in touch. Welcome to the programme. One of europes biggest mergers looks like it is off. The London Stock Exchange and its german rival the Deutsche Boerse say their coming together is unlikely to be approved by the European Commission. The merger was supposed to be worth just over 30 billion and would have created a giant trading powerhouse that would better compete against its big us rivals. When they announced the deal last year the two Companies Said together they should be able to make cost savings of 475 million a year, about 20 of the combined groups operating costs. They had already agreed to sel