Twitter makes a move for tiktoks u. S. Assets. The u. S. Imposes fresh sanctions on hong kong officials. The worst is over despite the oil giant reporting a 73 drop in Second Quarter profits. He has been arrested over colluding with foreign powers. They have been searched by police lai is the most high profile detention since the legislation was imposed by beijing in une. Police raided the offices of the newspaper and took away boxes of materials. Shares surged today quadrupling at one point it is Retail Investors behind todays stock moves that are not motivated by Company Fundamentals they recently reported a 58. 8 million loss for the year in a Facebook Post one financial kol or key opinion leader said he bought 1. 2 million shares in the stock in a show of support for apple daily and free speech. He then sold some for a profit but kept some shares to be eligible to take part in the companys agm scheduled for friday President Trump donald slapped sanctions on 11 hong kong officials.
Fines for not wearing a mask. Jimmy lai tells bloomberg he was arrested on trumped up charges. Our interview with the next didge tillman owner shooter. They push back against a groundbreaking green between israel and the u. A. E. To norlanderalize relations between the two countries. President trump says there is more to come from diplomatic efforts in the region. A very good morning to you all. We are just under an hour away from the start of the cash Equities Trading session here in europe. Lets have a look at where we are on the futures. It looks as if we could see in downside moving at the start, but we are generally drifting when it comes to the Global Equity session from asia to europe. We are expect to go see a little weakness. Some of the futures suggest it could be weaker down about. 2 or. 3 on a futures. Programs a different dynamic in the ftse 100. Lets have a look at u. S. Futures as they point to a little bit of weakness at the start of the u. S. Trading day. We see streng
Forecasts. The top lines are up. Revenues up 4 if you look at the activities. Despite the impact iag luke to raise 3 billion euros and klm unveils an operating loss sending both shares into the red. Six years of growth wiped out in spain as gdp drops in the Second Quarter but the French Economy shrinks less than expected down 15. 8 . Happy friday welcome to street signs. Weve got a lot of earnings to get to lets talk gdp first weve heard from france and spain. Now numbers from italy preliminary q 2 gdp slank quarter on quarter less expected a value. Theyve advised their q 1 estimate of 5. 4 contraction quarter on quarter and 5. 4 year on year. Slightly worse than anticipated. Q 1 marginally worse but q 2 better than expecting. An unprecedented slump for italy but the takeaway better than analysts had feared. Not quite as grim as the market had been bracing for looking at the euro gaining ground currently trades around 118. 77 we have the france and spain numbers. Spains economy shrunk
Would start aug 7th d w. This is to almost. Be used to be a bank clerk now in his new home of china hes a star player. Is an influencer he promotes German Companies online in china but he spent the last 4 years living in shanghai watching how chinas digitalisation history in past that of germany. This includes payment one scam buys his coffee oh but thats not all. The news is perhaps to organize his entire life. 56 of them by steve for instance i can use city service to check how much pension ill get Health Insurance a parking tickets you can even pay your electricity or doctors bill i can do just about anything and just one simple app i dont carry my wallet with me just my cell phone and you know but. And since this is now the case for most people in china even the poorest have switched to mobile payment this man is wearing his payment code around his neck. Did you get the digitalisation really is a revolution what you dont get to choose whether to take part in it or not you just have
First time since the lockdown in march. Michael mckee joins me now. What was your biggest take away . Michael if you are going to manage the virus better than the United States and their economies are opening up faster and stronger, which seems to be the case looking at the pmis. We got manufacturing and we got services, and all the Major Economies in europe are in an expansion. The move in italy particularly notable, above 50. Some down from preliminary expert, estimates, what they are the composites tell the story, all above 50 and they have all grown. The highest level in two years for the eurozone composite, there is some strength in the economy. They have not been hit as hard with the second round as the u. S. Has. Has moveds well solidly into expansion territory. Compare that to june, where contraction was the rule but services and the composite above 50, 57, a strong number. U. S. Versus isms, who is winning . Michael europe is winning. It is not expanding as fast as it appears.