A warm welcome to the programme, briefing you on all you need to know in global news, business and sport. And you can be part of the conversation. Should you choose to be. Its well known that a good nights sleep is good for your health, but scientists now say sleep could also be the key to avoiding alzheimers. How important is sleep to you . Tell us what you think. Just use the hashtag bbcthebriefing. Downing street has dismissed President Trumps criticism of borisjohnsons brexit deal. In a radio interview with the Brexit Party Leader nigel farage, mr trump said certain aspects of the Prime Ministers plan could hinder future with the us, but number ten insisted it would enable the uk to reach free trade deals around the world. Our Political Correspondent Chris Buckler reports. Ladies and gentlemen. They have shared a stage and she had plenty of political opinions. So when nigel farage invited his old friend donald trump onto his radio programme,. Mr nigel farage. The president did not
But the bond proxies are back and they are big, the car sector an similar stories like that are selling off. German tenyear yields catching more of a bid. Something i want to highlight this afternoon is we are seeing emergingmarket currencies being sold off, including the russian ruble and the south korean south american rant. South african rand. For a bloomberg scoop, sources saying Chinese Stateowned entities are in talks to invest 5 billion to 10 billion in aramcos ipo. This comes as saudi arabia seeks commitment from friendlier governments to shore up the sale. We are joined now by our bloomberg reporter. How much is this impacting u. S. Markets and analyst today who might be interested in the ongoing deal . We knew this was going to get attention from a lot of the big sovereign wealth funds, they were going to be the folks to put their money behind it. This is a huge deal for china. Most people want to wait to see what kind of dividends saudi aramco is going to have. They have com
The a few metric i call ou iphone revenue better than expected at 33. 4 billiondollar. Ive nef due 7 a sequential improvement q 23 down 12 . Mac revenue a bit lighter than but wearables home and accessories better than expected at 6. 5 billion and Services Revenue up 18 . Also better than expected. 12. 5 billion the q 1 forecast, mel, apple a. M. Guiding between 85. 5 and 89. 5 the street at 87 billion one of the metric i call out china revenue down 2 . A sequential improvement in q 3. Down about 4 before i did have the chance to catch you have with tim cook we talked about trends and themes. One the competition in video streaming. Apple tv plus launching friday we now know that hbo max launches at 15. Apple tv plus at 5. I asked cook, is that hard and fast is that going to shift the cook telling me you know 5 is where we start but we will see what the future holds. I dont want to lock oh ourselves into one side or the other. We also did talk about supply of some of the new products th
Capitol Hill Facebook hashares down 10 in te past three months. The risks facing the stock all in on apple. Two big price hikes. One, a new street high its our call of the day microsoft earnings after the bell the stock outperforming all the fangs over the past one year the traders take their positions. Halftime report starts right now. Good to have you with us on this wednesday our investment committee, joe, stephanie, the brothers najarian were going to monofacebook. A hearing going on on the hill there mr. Zuckerberg another big dayfor earnings steph, you own caterpillar missed they cut guidance. China story. This is b about weak demand in china . Well, it is, but nothing theyve said today was surprising and if you look at the sell and buy side, earnings estimates, theyre around 11 so the midpoint rath eer is about 10 48 so its not that much off. They destock 1. 2 billion of invenntory in a years time. I like the risk reward and the stock reaction is telling you everything you need
Repeatedly pointed to the period during the late 1990s, when the fed cut rates multiple times at consecutive meetings, but not for an extended period of time he said that experience was successful but, of course, policy is not on a preset course. On the other hand a couple officials at the meeting and in the minutes, argued for a bigger rate cut of 50 basis points. And possibly even guidance now, throughout the meeting, there were references to trade tensions and there was this gnawing concern that the uncertainty has been weighing on Business Investment and manufacturing, could lead to a slowdown in hiring, and that could ultimately end up hitting the consumer on this volatility and the repo markets. The fed had a discussion about that, there were staff presentations about it, but the fed ultimately just agreed on the need to discuss the appropriate level of reserves in the future back over to you thank you very much essentially we are unchanged right now, still up 27 points. Bank sto