Treasuries,on the we will be speaking about that in a moment with our guest from pimco. Still at 1. 35. We are off the alltime low but this is still elevated. And futures, slightly down, 1. 4 . In the 1650 an ounce range. Volatility in europe also elevated. Trading stoxx be 50 2381, pushing up to fresh session highs. 06 . Oxx 600 is down by it is not exactly a turnaround that it is a stabilization. In europe, exactly the opposite. We are trading 50 on the german tenyear, another two basis points on the downside. The bones keep getting bid Bashar Alassad bund the bid. S keep getting vonnie President Trump is seeking supplemental funding to tackle the coronavirus and he spoke earlier about chinas role in the outbreak. Pres. Trump i have spoken to president xi jinping and they are working very hard. If you know anything about him, i think they will be in pretty good shape. They have had a rough patch in the think right now, it looks like they are getting it under control more and more. To
Inquiry into president trump, which increases Political Risk in the worlds biggest economy. Europe is down, asian stocks down. Oil prices falling too. And do you need an extra body boost during or post workout . Nutrition supplements are becoming main stream. Well speak to one former england cricketer about how hes cashing in. Could taxing frequent flyers more be a way to tackle aviation emissions . Thats on proposal being put forward. The uk government is looking at it. Will it work . Will we just get used to it . Or, will it cause us to fly less . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Welcome to the programme. We start in the uk, where politicians will, in just a few hours from now, head back to parliament. Its after yesterdays historic ruling by the Supreme Court that Prime Minister Boris Johnsons move to prorogue or suspend parliament was unlawful. Mrjohnson is now facing calls to resign. So what happens next . On 17th and 18th october, th
Yesterday. Today. Lls not deterred keep an eye on the bank stocks. We saw them significantly higher yesterday, getting a little bit about bid today despite a lot of the expectations for additional fed rate cuts. Definitely a big factor in what we are seeing in the markets on the u. S. Side. Guy thank you. Front and center in europe today, stoxx 600 up. The banks execs is up. Theres a whole lot of factors. We have seen the ecb and the market with another trove being kicked out. Extra liquidity going into the Banking Sector of the ecb. The takeup was not as big as anticipated. Yet the general rate policy story that is a factor as well. All of that contributing to a big bout of european banks, peripherally particularly peripheral banks. The other story is Credit Suisse will be charging rick clients to have a bank account, rich client staff a bank account, basically. More stories coming out of the gulf. Romaine were going to begin with our big story, the Federal Reserve divided. Policymake
European markets looking like this are to be open. We will get an expert view on what is moving the number is lower and why. And well be getting the inside track on a hot weather treat ice lollies. But while youre enjoying the treat, what happens to the wrapper . Today we want to know some cash starved churches are turning into Co Working Spaces. Is this a good idea . Should sacred spaces become offices . Let us know just use the hashtag bbcbizlive. Welcome to the programme. We start in italy, where the deadline for Political Parties to form a new government is now just hours away. If they fail a snap election would follow. The five Star Movement and the Democratic Party are still in talks about forming a coalition after they agreed that Giuseppe Conte should stay on as prime minister. All this comes at a time when europes fourth biggest economy continues to struggle and the region is facing a slowdown. Italy currently has 2. 3 trillion worth of public debt, which is equivalent to 133
Misses expectations. Casp casp the ceo the tariffs are entering into the game. It will be a loselose for companies and regions. Best in a decades. Zurich hales a strong first half and strikes a bull iish tone on the outlook. The ceo says cost cuts have begun to pay off the change in portfolios in Property Casualty and we continue to shape our life portfolio to be neutral to the Financial Market situation and to provide risk coverages to our customers. A warm welcome to street signs. It is thursday, it does feel like friday after some of the market gyrations weve had over the last 24 hours. Yesterday was a tumultuous day across the board, across all different asset classes. Lets talk about some of the u. S. Equities price action the biggest comeback for the year across wall street. At one point dow was about 2 weaker, almost 600 points lower on the day it spent the rest of the session clawing back up slightly ending in the red yesterday below the flat line. S p and nasdaq did manage to