To a no deal brexit will cost the Global Economy 700 billion next year. A warm welcome to the programme, briefing you on all you need to know in global news, business and sport. This is wednesdays briefing. Also in the programme caring for the elderly is a global issue in the uk, 20 of workers aged over 45 expect to quit theirjobs to care for an elderly relative or partner, at an estimated cost of nearly 2 billion a year. Are you in this position . Do tell us your story. Just use the hashtag bbcthebriefing. Now, there is general agreement brexit talks are not going smoothly but publicly at least both sides say they are still trying. On tuesday the eus donald tusk accused the british Prime Minister of playing a stupid blame game after anonymous uk government sources briefed that a deal was essentially impossible. Borisjohnson is due to have face to face talks later this week with the irish leader leo varadkar. In a newspaper interview, the president of the european commission, jean clau
It broke out just before 6 tonight near china camp. No homes have been damaged. Its a town that is rarely touched by violence. But tonight pleasanton is reeling after a fatal officer involved shooting. The suspect is dead and the officer is recovering. But folks are still on edge. Kron 4s emily turner joins us live from the scene. Emily . Emily it is very shocking and scary here for a lot of folks because not only did somebody die but there is significant damage done. At an antique car sales shot. There have not been done shots like this in pleasanton for many years. i did not think it happen here this places the suburbs and i should not happen but you never know. People steal everywhere because there are a lot of crazy people everywhere emily man broke into the bothers forehe broke into the auto shot the man has not been identified and later died at the hospital. L happened just a few blocks downtown from i heard some noises but i did not come out because it was too early, so we came
Stop. How is spain doing your ask, italy doing . We dont have it today. Oh, my gosh. My kids are there, the italian gdp is going to come out. Come on, guys. We were lower in europe. Back to the big three. The joke has been the last few days weve included spain and italy, not that they are inside joke. Thank you. When the show starts. Yeah. Im sorry. Were in the show. Okay. 10year note yield hanging around 1. 5, where its been. Were a bit below that today and wti had been up there was a rally when for some reason people believed the saudis or their jawboning. To our road map this morning and it does start with the markets. The dow, s p, nasdaq closing at record highs yesterday. Where do we go from here in big Retail Stocks on the move this morning after some earnings. We also got overall retail sales. We will break down the busy week for the sector and go live to rio, of course. You saw carl, the u. S. Racking up a lot of medals. Carl is talking to the athletes and will have a lot of go
Ryan loch good morning and welcome to wieng on cnbc. Im sara eisen along with don chew who is in for wilfred frost today. Its throw back thursday. Were throwing it back to a back to school theme. Hard to believe summer is over. I feel older and older every day and this music doesnt help at all. Lets get a check on Global Markets. We did see losses yesterday. About. 50 point decline. Looks like theyre extending their decline. S p down 2. 5. Nasdaq down about nine. Health care a big part of the reason for the weakness after bio tech sold off sharply. More on that in just a moment. As for the tenyear treasury yield, sticking to the ranges ahead of the yellen speech. Stuck in neutral for sure. Basically a 12 point range. Hasnt budged. Even though we had good housing data. New home sales were very strong in some of the earnings reports. Had been strong as well, but potentially fed speak is going to move this treasury bond price out of the range or if where he start to see a slow down of qua
Another developing story were following in north bay where fire crews are gaining ground on a wildfire thats forced mandatory evacuations in sonoma county. This is the sawmill fire. It broke out yesterday, and has burned 2 square miles. Christien kafton has the latest now. Reporter cal fire is saying hot weather and steep terrain are the greatest obstacles. Chp limiting the amount of vehicles in and out to make sure fire vehicles have easy access and keeping people out of harms way. Fire started late yesterday morning. The latest update is 20 contained and 3 dozen homes in danger. About 1500 acres scorched in all. Mandatory evacuation orders are on geysers road from Pine Mountain road to geysers resort. Now crews are prepping for another long hot day on those fire lines. Were going to face similar conditions as yesterday. The temperatures are going to be relatively the same, if not a little bit higher. Hopefully not the winds that were seeing, the red flag warnings have subsided. Well