Conference. Standard chartered shrugs off trade tensions to surpass expectations with firsthalf underlying revenue. Please speak to the cfo and next. Societe generale beats but revenue for fixed income dips in the quarter. We will hear from the ceo imminently. Matt the Federal Reserve has cut rates for the first time is really, but that only half the story. After the quarterpoint cut was announced, the chairman gave investors more than a little food for thought in what is widely described as a muddled press conference. He described the cut as essentially in the nature of a midcycle adjustment. Stocks hit session lows and the closely watched twoyear and 10 year spread flattened to the narrowest since march of this year. To say the move had an insurance aspect rather than signaling the start of an extended easing cycle. To thefurther adding confusion it with the comment that said i didnt say it is just one cut. The president said on twitter powell let us down. Keepovernors voted to rates
Shares in Royal Dutch Shell drop as weaker prices hit the Second Quarter and profits fall to the lowest level in two years. And best in a decade barclays profits soar 80 in the first half as they hike its dividend our return on equity was 9. 3 so for the first half of the year it was over 9 , 9. 4 its probably the best statutory first half performance that barclays has had in nearly a decade and rio tinto shares come under pressure after the miners first half profits miss expectations despite a bumper special dividend we have a very decent Capital Allocation weve been implementing this for the last few years in terms of strength of balance sheet, in terms of investment in either growth project and returning cash to shareholders weve been doing that. Welcome to the Program European earnings season in full swing with key reports in the oil, mining, financial and industrial sectors shell its missed expectations reporting Second Quarter profit that fell 25 to a 30month low thanks in part t
Havent lifted it before, see what that podium. To be stewed. It is like to be on the wrong end of it is like to be on the wrong end of it as and coming up before 12 30 it is like to be on the wrong end of itasa it is like to be on the wrong end of it as a captain makes me very hungry to be the one student that podium. Asap rocky is due to take the stand in sweden where hes and coming up before 11 30 on trial for assault. Asap rocky is due to take the stand in sweden where hes on trial for assault. Good afternoon. Welcome to bbc newsroom live. We begin with breaking good morning. Welcome to bbc newsroom live. News this hour the government has announced the bank of england has left the additionalfunding to prepare the uk in the event of a no deal brexit. Interest rate unchanged, it remains the chancellor, sajid javid, says ata Interest Rate unchanged, it remains at a quarter of 1 . The bank of the extra £2. 1 billion was necessary england has left Interest Rates to ensure the uk is prep
Concern about the economy and manufacturing and housing. The dow and s p hit alltime highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. Joining me now is mike murphy. Happy to be here. The first of the week we had a little said in ecb, give me your take away from the week. I think people are really helping that the fed will be accommodated. But the backdrop or is the market right now can support higher level without the fed. But if the fed comes in and gives us a rate cut on top of the economy that we have. You can call it was to the stock market and some people would say. It will give us new highs in the market. If we hit a rate cut in the market reacts negatively because maybe it looks like the Federal Reserve know something with that we dont. Were out of 50 when youre low on a payment per wave growth of 3. 1 certainly in the first corner. Here we are on the doorstep of the Second Quarter earnings. Not expected to be great, expected
Concern about the economy and manufacturing and housing. The dow and s p hit alltime highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. Joining me now is mike murphy. Happy to be here. The first of the week we had a little said in ecb, give me your take away from the week. I think people are really helping that the fed will be accommodated. But the backdrop or is the market right now can support higher level without the fed. But if the fed comes in and gives us a rate cut on top of the economy that we have. You can call it was to the stock market and some people would say. It will give us new highs in the market. If we hit a rate cut in the market reacts negatively because maybe it looks like the Federal Reserve know something with that we dont. Were out of 50 when youre low on a payment per wave growth of 3. 1 certainly in the first corner. Here we are on the doorstep of the Second Quarter earnings. Not expected to be great, expected