Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we
How well it weathered the shock of the coronavirus. A blowout performance in fixed income trading beating all but one of the large wall street banks. The cfo does not see an economic recovery anytime soon, though. There is a pickup in activity. It is stronger in some. Said, you should look at the whole world. Level,it is back to the we dont think that will happen until 2022. Nejra lets get more detail on those numbers from bnp paribas. That trading we are talking about, it surged 154 , trailing only Morgan Stanley out of wall street banks. It was a blowout performance of b. N. P. Paribas in fixed income trading. It allows the lender to move past embarrassing losses from equity derivatives at the start of the year. Basically what bnp paribas has said about that jump in fixed trading, it said volumes were driven by governments and corporations selling that to deal with the Coronavirus Crisis as well as Foreign Exchange and commodities, hedging by clients. Those results more than offset w
Abdullah abdullah has held a separate ceremony to inaugurate himself. Welcome to the program the spread and fear of crude a virus is starting to have a major Global Economic impact on top of the growing he would cost u. S. Stocks plummeted in the opening minutes of trading in new york forcing a temporary suspension of the markets also hit with big drops in asia Europe South America brazil stock market also had to suspend trading after a 10 percent drop mondays market shock was triggered by a 30 percent plunge in the price of oil has been following events for us in new york and its been a bit of a bumpy road for the dow jones just a little whats been happening in the last couple of hours. Yeah a very dramatic morning here in new york as all of the major indices remain down significantly they have recovered a bit now the Dow Jones Industrial average and the s. And p. Both trading around 5 percent lower earlier shortly after opening bell they plummeted more than 7 percent triggering that
For tomorrows eu summit. In brussels, the eus chief negotiator says we are working. Dame Louise Ellman quits labour after 22 years as an mp, saying she can no longer advocate voting for the party whenjeremy corbyn could become Prime Minister. As Kurdish Forces fight to retain territory under turkish attack, President Trump says the conflict is no longer a matterfor the us. President trump describes a meeting with the family of harry dunn as beautiful and sad. The parents refused to meet the woman involved in the crash that killed their son. Hello and welcome to our look ahead to what the papers will be bringing us tomorrow. With me are anna isaac, reporter at the wall streetjournal, and john rentoul, chief political commentator at the independent. All of tomorrows front pages are now in. Lets start with the express. It says Boris Johnson is tantalisingly close to a brexit deal after last minute negotiations with the eu. Optimism in the daily mail, as well, over the Prime Ministers like
So could it be cheaper to remortgage . Ill get an expert view. Saved from the brink Bolton Wanderers will stay in existence, and in the Football League, after a takeover deal was confirmed last night. It is going to be wet and windy today for scotland and Northern Ireland. Bright and breezy for england and wales with a few showers in the west. I will have more in 15 minutes. Its thursday 29th august. Were live in westminster this morning, where the politcal fallout over the Prime Ministers decision to suspend parliament continues, with labour promising to table a vote of no confidence in the government. Mrjohnsons announcement has sparked protests across the country, a legal challenge and a petition with more than one million signatures. Our Political Correspondent nick eardley reports. Outside downing street, in cities across the united kingdom, protests against borisjohnsons hugely controversial decision to send mps home for more than a month just weeks before the brexit deadline. Am