To wall street chinese mobility giant is planning a listing in hong kong instead all of its rising chinese american tensions. And tunisian glass blowers in move around know who are struggling to weather the coronavirus pandemic. But come to me a business i want to johnsonville and good to have you with us. The head of the bank of england 100 bailey has painted a dreary picture of britains economy which shrunk by 20 percent in the 3 months to june now thats the biggest fall of any large advanced economy in the u. Of the coronavirus pandemic betty is warning the u. K. Faces an unprecedented level of Economic Uncertainty and things could get even worse should there be no deal breaks it talks between london and the e. U. Are stalled and with a transition period ending on the 31st of december the clock is yet again taking a lot is at stake almost half of all British Imports come from the e. U. And around 46 percent of all british exports go to the e. U. Making the e. U. Britains most import
Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall be encouraged about with banks bus i think there is more where that came from. But there was some sense this was the only reason. Net margins fell 14 basis points i think ba
High level talks end with bipartisan deal. Office of trade and manufacturing policy, Peter Navarro joining me at 8 00 a. M. Hour live coming up. It is jobs friday. Economists are predicting 850,000 jobs added to the economy in month of september. Unemployment rate to tick down to 8. 2 . Special long coverage begins this morning, all hands on deck at 8 00 a. M. Eastern. Markets reacting to the President Trumps coronavirus test. They are negative. Dow futures down 440 points. S p down 57 as the markets react to the president s diagnosis. This after choppy first session of the Fourth Quarter and ended in positive territory. Dow industrials up 35 points, nasdaq up 159 and s p higher by 17 at oclock on wall street. Mornings with maria is live right now. Take a look. European indices down, dax index lower by 139. Korea, hong kong all closed for holidays but nikkei average in japan open was down twothirds of 1 , breaking news overnight President Trump and First Lady Melania Trump have tested
Underestimate senator mcconnell and his ability to corral maybe as many as 20 republican senators who believe that we have a vshaped recovery which of course is what President Trump has been saying. Its the senate that we look to, i think all discussions between secretary mnuchin and Speaker Pelosi have not borne fruit. One of the things i think they havent borne fruit because the republicans simply are not in favor of giving the states money. Speaker flossy wants to give many different businesses and states money because they are all strapped will this matter to that i dont think so i wish it would, i mean, in business i think it would, but not in politics. I feel, david, when i look at these numbers and i look at whats happened to the president , of course, we wish him well, i think that somehow nothing comes together in washington that you would think. Theres not a kind of a sympathetic lets get together, lets stop the war of words. It just doesnt happen like that anymore. No. There
Boris johnson concedes a veto to parliament over his plan to illegally override the brexit treaty. Slumped after accusations of fraud by a short seller. The selloff deepens even if the company rejects the report. Good morning. Welcome to the program. Lets get to breaking news across the bloomberg. Capex andto go to the eu car sales. European collar sales falling 17. 6 in august after a 3. 7 drop in july. This is the story that we are essentially tracking. Europes car sales setback stoke fears over annual drops. This headline was written by our colleagues at bloomberg news. 18 slump snapped a three month streak of improvement. The result may indicate that subsidies are shortlived. We have seen that improvement coming through. Whether that has been a shortlived experience rather than showing underlying resilience, we will have to see. These numbers are not so good. We will watch the automakers as a result of that. Acrosso to the picture European Equity markets. The futures picture. We ar