Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o
National security and tiktok says it is pure politics. And the official nomination of President Trump at the republican convention. He says his opponents want to steal the election. Haidi we have again u. S. ,arkets with fresh record highs a little relief given expectations of the fasttrack process when it comes to vaccines and therapeutics as well. The s p 500 notching another alltime high, there is optimism the virus will not hamper growth. We are seeing a muted session on it comes to the futures sessions, flat at the moment. Little negative when it comes to the start of trading in asia. The nikkei to do five trading in chicago seeing downside about 1 10 of 1 . Dollaryen holding. The biggest declines in the g10 space was the kiwi and looney. We are also watching the price of crude as we have twin storms approaching. 80 of refinery output in the gulf of mexico has been halted, potentially seeing some impact when it comes to crude prices, which did rise, gasoline hitting the five month
Market thats such a long name that it covered two lines in the tele prompter baseball is back as the mlb kicks off its season and so does Sports Betting well talk to the ceo of fan dual power lunch starts right now rolls right off your tongue thanks opinion as jobless claims rise for the first time in four months, republicans and democrats are pushing to come to an agreement on phase four as Unemployment Benefits are about to expire. Lets get the latest Details Senate gop leadership and the white house say they have reached a fundamental agreement on the next relief package but we still havent seen any of those bills yet and its not clear when we will treasury secretary Stephen Mnuchin was back on capitol hill to continue the negotiations with Senate Majority leader mitch mcconnell. He told cnbc hes made one concession to Senate Republicans and thats abandoning the administrations request for a payroll tax cut. One of the issues i think about the payroll tax cut is people get that mone
Will close in the next few hours. Hundreds of thousands of homeowners in england will get grants of up to £5,000 for Energy Saving improvements. At least three pubs in england which reopened their doors on saturday for the first time in months close again, after customers tested positive for coronavirus. A warning from hong kongs chief executive that the new security law imposed by beijing is a red line, and anyone violating it faces severe consequences. Hello and welcome if youre watching in the uk or around the world. Stay with us for the latest news and analysis from here and across the globe. Im annita mcveigh, and you can get in touch with me on twitter about any of our stories. Our top story Care Home Charities in the uk have accused Prime Minister Boris Johnson of insulting those who work in the sector, after he said some homes didnt follow procedures during the pandemic. Downing street has said the Prime Minister meant that no one knew what the correct plan of action was at th
Ridehailing company grab is among the companies reconsidering partnerships. And it is rent day for britains commercial tenants, but how many businesses will pay up . Theu. K. Plans this as u. K. Plants substantial easing of lockdown measures. We will get analysis. Lets have a look at where we are on the futures picture for equity markets. This is the picture for european futures. Stoxx 50 futures and ftse futures both down around. 06 0. 6 . It looks like we will have a bit of a move to the downside at the start of trade. U. S. Futures are fairly flat this hour. Futures on the s p entirely flat, on the dow entirely flat, the nasdaq or positive, up 0. 2 . Yesterday we saw concerns around the second wave of the virus or the third wave, perhaps, in the u. S. , the south and southwest of the United States, taking the edge off gains in the s p, but the nasdaq is powering through to new record highs. Lets show you whats been going on through the asian session. Things looking pretty mixed. Som