Good afternoon, and welcome to the bbc news at one. Theresa may is preparing to meet donald trump in the white house in a few hours time, the first foreign leader to visit since mr trump became president. Global security and a trade deal after brexit are likely to be high on the agenda. In a speech to us republicans last night, mrs may said the uk and america could not return to failed Military Interventions to try to remake the world. Her visit comes amid ongoing controversy over President Trumps support for the waterboarding of Terror Suspects and his war of words with mexico over the building of a border wall. Heres our correspondent richard lister. Shell hope the blustery conditions are not portend for the meeting to come. Washington has rolled out the red carpet for mrs may but the Prime Minister will have to tread carefully with the commercial president who is used to getting his own way. Our priority is to lay the groundwork for a trade deal to counterbalance britains departure
Our main story in the past few minutes, theresa may has arrived at the white house to hold talks with donald trump. She is the first foreign leader to visit since mr trump became president. Here are the pictures of the Prime Minister meeting mr trump. Here are the pictures of the Prime Minister meeting mr trump. Global security and a trade deal after brexit are high on the agenda. The Prime Minister will be holding a joint Press Conference with the us president in around an hours time, at 6. 00pm this evening. In a speech to us republicans yesterday, mrs may said the uk and United States could not return to failed Military Interventions to try to remake the world. Her visit comes amid the continuing controversy over President Trumps support for waterboarding terror suspects and his war of words with mexico over the building of a border wall. Heres our correspondent richard lister. The Prime Minister began her day in the Chill Winter Sunshine of Arlington National cemetery. On the quays
Were following a breaking news, three alarm fire in delaware where Fire Fighters are battling cold and flames to get this fire under control and dreams of success started right here in her home town of philadelphia, now Sister Sledge is mourning loss of one of their own, joan i sledge, has died at the age of 60. Another day of bitter cold weather on tap that will usual inner a snowstorm later this week. Today is sunday march 12th , good morning, everyone im jan carabao. Lets get over to meteorologist Justin Drabick with the eyewitness weather forecast, this sunday morning, justin. Old man winter hanging on tight on this last week of winter. Were in daylight savings so you start thinking about spring because it will stay lighter, later sunset after 7 00 with these temperatures not moving, with this cold pattern and it will meet up with the storm system monday into tuesday as noreaster develops and good shot for heavy snow for the region. Until then nice and quiet for rest of this weeken
Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that today. The tenyear yield now is sitting at 2. 209 . Well have much more of this coming up later this morning. Lets get you to some other big stories. In earnings news, ibm reported Quarterly Earnings that beat expectati expectations, but sales fell short of estimations. Revenue declined 3 from a year ago. That marks 20 consecutive quarters of revenue decline. They have long talked about those revenue being empty calories, but a big debate about that remains. Youre looking that the stock down 4. 5
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua