Matt stocks and freefall. The s p 500 sees its worst session since 2011 and the fastest stock Market Correction ever. 5 trillion in Global Market cap are erased in a week. Virus fears intensify. Cases and south korea to knock 2000 cases in south korea top 2000. Jp morgan joints citigroup and Goldman Sachs in slashing estimates for u. S. Companies, and crude slumps. Oil set for its worst week since 20 11 as well as opecs secretarygeneral says there is a renewed commitment for joint action. A report says saudi arabia wants producers to agree on additional cuts of one Million Barrels a day. Just under an hour away from what could be a bloody day of trading. Futures that i looked at were the worst since at least 2016 on the stoxx 600. Anna good morning. Is this what fear looks like . Markets down by more than 4 . You will see how much scary looking red there is on that screen. Futures in europe down by more than 4 on the cac, as you can see, and expect them to see significant losses. U. S.
Ordered to stay away from the italian force. And the United States are on track to defend their world cup craft after Megan Rapinoe eliminated host france in the quarter final. A michael thanks for joining us at a g. 20 summit marked by trade deals u. S. President donald trump has hailed an agreement to restart trade talks between his country and china the 2 countries nearly a year long trade dispute has disrupted the Global Economy a round up of the summit from hoffman. This was the handshake the world had been waiting for so much hinged on the bilateral meeting of the 2 president s that you could almost hear a sigh of relief going through World Markets when donald trump said it with this we had a great meeting and we will be continuing to negotiate and i promise that for at least the time being were not going to be lifting tariffs on china and addition the focus here of course being on the wording tremendous or at least the time being 50000000000. 00 at last years g 20 summit donald
In the final 30 minutes of the thursday session. All of these stocks are rising. Europe is getting for a second day. All of these currencies are getting against the dollar except for the pound. Today, the talks between the eu and the u. K. Not going as smoothly as some would hope. Commodities are declining. A 3. 4 increase in revenue. The Telecoms Company winning orders for its Construction Business and gaining more mobile phone providers as well. The conglomerate that generates most of its revenue from construction is set to benefit from the massive expansion of project. Ris benefiting from a pickup in the local building. Arket shares of British American tobacco have tumbled after the fda said it is seeking to reduce nicotine in cigarettes to nonaddictive levels. The Regulatory Risk has been over discounted says morgan stanley. Remains say that b. A. T. The strongest among its peers. Any potential impact seems more than embedded. They wrote that in a note yesterday. 7 white line, it i
An inside look at what happened when the news broke. Reporter George Lombardi is a real estatate investor whose friendship with the u. S. President goes back more than three decades. Lombardi was near the dinner table of donald trump and japans Prime Minister when news broke that north korea had tested a missile. Lombardi says the cheerful mood suddenly changed. And at one point in the middle of the dinner, we saw a lot of aides, both americans and japanese, going to the table and coming back, and sometime actually almost running. Some of our friends that were with us Say Something is going on. Some of the aides brought some papers, and you saw President Trump and Prime Minister abe actually reading the paper, and they had a little flashlight, you know, so that they could see. And right after that when the dinner was finished, they went into another room where they made a official communique. And when they came back, they werent smiling as much. Reporter the leaders then appeared for a
Advanced technologies. And as japanese gear up for sundays election, voters in rural areas are considering how politicians will deal with the shrinking population and industries. Hong kong police are dismantling the main protest sites that have choked parts of the city more than two months. Theyre clearing away barricades and tents and arresting prodemocracy activists. Police and other authorities began the tear down thursday morning try to clear the road around government headquarters following a court order banning sitif in protests that have blocked bus routes. By the afternoon, several thousand Police Officers had been deployed. They used heavy machinery to remove iron fences and tents from a one kilometer stretch of road occupied by demonstrators. Translator we are so disappointed. The government did not do anything even though weve been protesting this for so long. Translator this is not the end. I may have to leave here for now, but i will join a rally if theres another protest.