Full circle. Rally, caps its 50 briefly touching a record before closing just below that level. The 175 days between peak to trough and back to peak make it the fastest rebound in history after a crash. Stepping up to the pressure. The u. S. Says it will impose extra tariffs on some eu goods from september 1 in its longrunning dispute over illegal subsidies in the airbus case. Plus, no compromise. Democrats and republicans point the finger at each other, as the stimulus debate gives way to electioneering. The two sides still remain trillions apart. Just under an hour away from the start of cash equity trading in europe. We are looking for german Consumer Prices. We are seeing actually a drop month over month of 0. 5 . If you look at wholesale prices from a year ago, there is a gain of 0. 5 sorry, wholesale prices from a month ago. Prices, 0. 5consumer percent drop, wholesale prices, 0. 5 gain. From a year ago, we see wholesale prices that dropped 2. 6 in july. From a year ago, the drop
, stocks andcovery futures sliding after unexpected uptick in u. S. Jobless claims. Delay to the stimulus plan means one thing for markets. This may get worse. , china to the u. S. To close its consulate in chen u du. Mike pompeo calls the chinese president a true believer into italian totalitarian ideology. Delay, thisuction follows big drops in microsoft earnings despite solid results. We are an hour from cash equity trading. You can look at drops of more than 1 acrosstheboard in european futures. You have got you are got u. S. Teachers that continue to fall after the slump we saw yesterday. Anna we have got numbers from vodafone out this morning. Lets get to that. 21 organic services revenue, this is the bread and butter of what they do. Down, but the estimate was something worse. There was another u. K. Giant, unilever, also yesterday. They are keeping the guidance for Free Cash Flow prespectrum. There have been questions around the ipo tower unit. The european tower unit is on tra
Americas grim reality, new virus cases hit daily records in florida, california, and texas. The imf sees a deeper global recession than it predicted two months ago. Lufthansa biggest shareholder says he will back a 9 billion euro government bailout, getting the rescue plan a shot of momentum ahead of a crunch about later today. A bid for closure, the chemical giant spent more than 12 billion to settle thousands of roundup cases and other u. S. Losses. A significant number of cancer cases claims remains unresolved. Just enter an hour from cash equity trading in europe, and we have a mixed picture. But the futures are trading 0. 2 . Down dax futures are trading higher in frankfurt. We are looking at Different Directions depending on the regional indexes. What you see on the gmm . Anna i will get to that in a moment. Picture around the spread of the virus in the United States, capturing the markets attention, and sending Risk Appetite lower. Getting numbers at of royal mail, this is inter
Mondays losses on the dow eclipse the first day of the wall street crash in the great depression, as the ceo of nasdaq says it is critically important to keep markets open. Macron callsuel for unity in the battle against the coronavirus. The e. U. Closes its borders, as im a trump admits the u. S. Could enter a recession. Unknown, volkswagen says the economic fallout from the pandemic is impossible to predict, as car plants across europe are shut down. Anna good morning everybody. A grizzly monday on wall street following a 100 basis point cut from the fed after an emergency meeting, the dow fell almost 13 , the biggest plunge since 1987. Oil hit its lowest level in over four years. President trump says the coronavirus may cause economic disruption against the summer and it could send the u. S. Economy into recession. Pointing, u. S. Futures up and european features also pointing to gains. The s p has fallen or risen by 4 last six days, an incredible record of volatility. And, lets loo
Also in the programme, the Us Central Bank reveals its been split over cutting the cost of borrowing ahead of a crucial address by its boss. European stocks are open and falling from health care and industrial, to financial stocks. Also in the programme tackling unconscious bias well talk to man determined to make sure were all on an even Playing Field when it comes to getting a job. Today we want to know do you think paying more for plastic bags helps the environment as the us Supermarket Group morrisons reveals it is raising the cost from 20p, up to 30p, thats 36 cents. Hello and welcome to business live. We start here in the uk with travel worries for thousands of Airline Passengers as pilots at europes biggest budget carrier, ryanair, walk out on strike at the height of the Summer Holiday season. The action by ryanairs uk based pilots began at a minute past midnight and will run until midnight tomorrow the bank holiday, the ybusiest day of the year for air travel. Ryanair is due to