The riskoff sentiment also rattled the crypto world bitcoin falls to 6,000. But the ceo of bp tells cnbc that the rough years are over for his country, shrugging off the recent market volatility as they post betterthanexpected fourth quart earnings. We have gotten through years of difficulty. This market turmoil, we are only back to where we were on the 1st of january were very longterm good morning a bit of a bloodbath in europe the ftse down about 1. 65 . The dax almost down 2 the cac down 1. 25 and the ftse mib down 1. 25 . Lets look at the sectors across europe its not a pretty picture for any of them. We can see basic resources down 0. 25 . Financial services down 2 down. Industrials down almost 2 not a lot of good news for investors in europe. After a long stretch of complacency, volatility is finally back lets look at the vix. Note that it posted its biggest oneday jump in almost two years. It was interesting to note just the evolution of the selling on wall street overnight. It
The future for the banking world and the political escape. The exclusive conversation at 9 30 a. M. London time. In the meantime, lets check on your markets. This is what i am seeing. A lot of the talk will be on burberry after the company put out an announcement that maybe was interpreted in the markets. They didnt see anything worth buying the stock. It is down here in europe. The european stocks taking their cue from quite a volatile session in asian markets. The dollar flat. Treasuries flat as trump challenges china over unfair trade practices. Ere is nejra cehic nejra in the u. S. , republicans on the house ways and Means Committee ames to aims to release their tax reform bill later today. Speaking exclusively to bloomberg, Steve Mnuchin stressed how crucial getting tax reform through is to the white house. This is the president s most important domestic agenda item. We are going to get this passed. The objective is to get it to the president s desk in december. Nejra the uks gove
Axa announces plans to float a Minority Stake in its u. S. Operations, as the french insurer reports First Quarter revenue shy of analyst estimates. Ings First Quarter underlying pretax results exceed expectations, but the companys cfo tells this program demand is still soft. Demand is still quite low. So you have to work really hard in order to get your lending volume in. Thats why we are so flash and happy with the 5. 7 billion. Good morning. Glad youre with us on wednesday. We have a lot to get through. Lets kick things off. A Stunning Development in washington. President trump has fired fbi director james comey who had been conducting an investigation into possible connections between trumps president ial campaign and russia. According to a white house statement, trump acted on recommendations from Deputy Attorney general rosenstein and jeff sessions. Bot richard burr the republican senator leading the Senate Investigator into the possible russian ties said he is troubled by the ti
Catch up with all the Business News in the World Business report. The biggest recall in automotive history leads to the bankrupcty courts. Japans takata has had to recall more than 100m airbags across the world. Yet another italian rescue job. Two more banks get Government Bailouts the third time thats happened in a year. Is it isita is it a sign of more trouble for the eurozone . Welcome to World Business report. Im susannah streeter. The Japanese Company behind the biggest recall in Car Making History has filed for bankruptcy. Takatas airbags were first found to be faulty in 200a. Theyve were used by 13 of the worlds biggest carmakers who have all agreed to proceedings which have seen takata file for bankruptcy with courts in both tokyo and the us city of delaware. Worldwide, more than 100 million takata airbags which can rupture with deadly force and spray shrapnel at passengers have been recalled. The faulty airbags have been linked to at least 17 deaths and more than 100 injuries
Shark in majorca sends out of the sea. Good morning. Its monday 26th june. Im joanna gosling. Welcome to bbc Newsroom Live. A deal between the conservatives and the Democratic Unionist Party to support theresa mays Minority Government in parliament is expected to be announced very shortly. The Prime Minister is meeting senior dup figures inside Downing Street now, to finalise the details for a so called Confidence And Supply arrangement under which the dups ten mps will vote with the 317 conservatives to form a majority in the House Of Commons. We will bring you the latest on those talks. Lets go to chris mason in Downing Street. What are you expecting . Well, they arrived, the dup, around 15 or 20 minutes ago, greeted by the Prime Minister on the steps of Downing Street. Lots of beaming smiles on the expectation is that we should get details pretty soon, that we should get details pretty 0011, once that we should get details pretty soon, once that meeting breaks up, as do the exact na