Afternoon if you are watching from asia. These are your markets. We have quite a lot going through and extra data to check. You can see the stocks europe 600 down 2 because of the fair catch fresh tariff ramp imposed kind of came out of nowhere. People are wondering if it means we will not see a resolution. The one to watch, extending gains and treasuries heading higher. Crude at 54. 8. And if you break down some of the stocks and where we are seeing nervousness, you can see basic resources down 4 . And the u. S. 10 year yield at 1. 84. Coming up later on the program, we have a great exclusive for you. When youre on from taking the ,op job, we talk trade, china and luxury with chief executive. Dont miss that interview 30 minutes from them. From now. Now lets get first word news. The new Prime Minister has seen his parliamentary majority cut to just one after losing an wales. N and the liberal democrats won the special ballot. The tory mp for the area have been recalled after a convicti
Out there. Jonathan the president said he is not concerned about the negative reaction for markets. Is that a change in stance from the white house . Kudlow know, as i understand that he is just responding to the media response. A day or two in the stock market doesnt make a trend. Jonathan last week was really confusing. Outrolled out you ruled fx intervention , and then the president said he hadnt ruled it out. Kudlow he said having a strong dollar, theres a reason its so good. Having a strong dollar is having a strong dollar. Having a strong currency shows what an amazing country. I stand by those remarks. I thank him for making them. We havent ruled out any currency intervention. , and theem here president has said many times, it is not that our dollar is strong and reliable and dependable. We love that. Money is coming here from all over the world. We are the hottest economy. Where the only real major country with solid growth and investment returns. The problem here is the presid
Anywhere in the bond market. Crudear yield totally bucking its train from yesterday. Were selloff in over four years. The worst selloff in over four years. We are going to kick things off , the morningtters news that is moving the world. We are going to kick it off with china responding to the trade escalation. Ministrygn spokesperson saying china will have to take necessary countermeasures. We took now to bloombergs chief is a correspondent chief asia correspondent enda curran. Enda a pretty robust response, as you would expect. They said they will retaliate if the u. S. Goes ahead with these tariffs. They stop short on specific details, but the thinking is that china could respond by making life much more difficult for u. S. Companies operating within china that could divert purchases of agricultural goods away from the u. S. And scrapped those promises to buy more u. S. And they could let the yuan soften against the dollar. They probably have some restrictions on what they can do in
Subsidiaries in the massive corru ptions scandal surrounding the state fund. It isa it is a bit ofa it is a bit of a negative picture gcioss it is a bit of a negative picture across europe on the markets at the start of friday, all the benchmarks edging into the red. Its been a busy week in Business News with everything from bas system meltdown to the slugfest between uber and lyft making the headlines. Our correspondent theo leggett will he here to help make sense of it all. Also, Deutsche Bank is cutting some perks for workers outside germany, like rolling over unused annual leave. Today wed like to know, what workplace perks are most important to you, and which would you most hate to lose . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Let us know about those workplace perks. Welcome to the programme. We start with big tech, which is under the spotlight today, with leading firms summoned to the white house for a meeting on curbing violent online ex
Subcommittee will examine the Current Situation at us cis must not be overlooked, record high case backlogs, policy changes make it harder to obtain extremely important matters that deserve careful attention. These problems have a direct impact on countless individuals, families, students, business and other entities such as hospitals and research institutions. Im sure others on the subcommittee will agree, constituents on an almost daily basis. All the us cis has struggled with backlogs since its creation the agency reports, and 2. 4 million cases, this represents 344 increase on the backlog of cases. The largest net backlog since 2003, grounding to a halt in the aftermath of the 9 11 terror attacks. Backlogs and processing delays create reallife problems for people trying to navigate complex immigration systems. Imagine a Domestic Violence survivor unable to escape abusers because there is language. Startup company abandoning a key project that will lead to substantial job creation b