Struggled since february. Francine im really looking forward to speaking ian the little more about this eurasia report. The question is if you look at financial risk, it is at the bottom of the list. We talk about you wonder if we talk about health risks and the pandemic that we ignore black swan. Next, we need to talk about brexit with en as well. Tom are we with ian as well. Tom are we on the watchlist for the Prime Minister of ireland . We are waiting for comment from ireland, right . Francine we have a new leader summit and we are expecting him to come out, yes. Also expected to talk about the internal markets bill. Tom pound sterling is 128. 47, a bit weak today. With first word news, here is ritika gupta. Ritika President Trump signed a stopgap legislation that will avert a government shutdown. It will keep the government operating at current spending levels through december 11. The countries of Spending Authority expired at midnight. Neither democrats nor republicans won today s
Brussels summit in after concerns grow. Leaders are there to discuss china and belarus. The Fourth Quarter starts with a after its worst ever outage. It says a hardware breakdown is to blame. Good morning, everybody. Some breaking news coming through at the 7 00 hour. Lets go to the closing space and h m. We had these numbers in the middle of september. Pretax profit numbers from the business. Further detail here. 48. 9 . Liquidity remains good according to the Closing Company and they say september sales decreased by 5 in local currency. Many stores have local restrictions limiting opening hours. They currently have 166 stores that are still closed. Given the global stretch of the business, perhaps that is something of an achievement. That is the latest from h m. Get to rollsroyce. We have some breaking news coming through. Proposing a recapitalization to start with a bond offering. One billion pounds bond offering. Be 200 pounds. Ll proceeds. Raise growth they are getting support fro
R justately ben laidle calls it a q4 melt up to come. Jonathan pointing out that the u. S. Election volatility could fade. The data might continue to improve. The market might grind higher. But the numbers we are seeing from some of the big employers around the world are not pretty. Tom terrible. I am so glad you bring this up. Horrific, but once again, you separate stock market activity from the social cost we are seeing right now. Jonathan 90 minutes away from claims data, lisa. Lisa we will be finding out a backward look at the latest claims. I say backward look even though is a weekly initial claims that i because we will also be getting a backward look at the income people received in the month of august. One thing i will be watching is the copious amount of additional fed speak. I want to know how much stress they are seeing within the banking sector. And then the theater in washington, d. C. Continues. Steve mnuchin and nancy pelosi continue to talk. Is this just theater, or is
A strange twist in all this because remember originally the deal was coming down to either oracle or microsoft then walmart jumped into it and said well well partner up with microsoft will sweeten the deal and it should come to us and then it didnt go into oracle instead so now somehow walmart has jumped off of the microsoft ship and theyre now jumping into this with oracle apparently as you said here in the lead up the c. E. O. Doug mcmillan of walmart is going to get a board seat on to talk as part of this deal and walmart with own an equity stake in the company in fact what the treasury secretary Steven Nugent has said is that u. S. Companies oracle and walmart he claims will together own a combined 50 percent plus of ticket now we dont know that thats true thats just what hes saying but hes saying those to us investors which calling these guys investors is ridiculous right because it does best its almost like highway robbery or like bandits that are jumping into this forced to sell
President trump dismisses talk of an extension. The markets are opening right now. U. S. Futures coming in slightly higher at the open. This, of course, after the regular session felt pressure. Stocks falling for the fourth time in five days. Had the stimulus package being blocked in congress. Both sides are far apart when it comes to more stimulus measures. Leading the decline. Volatility much higher. The dollar also strengthening. Weakness in the pound. The pound picking up more than 11 , although we did see the u. K. Refusing to withdraw legislation to tear up the brexit treaty. Look at what oil is doing at the moment. Oppression, 37 a barrel under pressure, 37 a barrel. Lets see how things are shaping up for the asian markets. Futures are mixed, but we could be looking at a down day this friday in asia. Back to back weekly declines. Australia, we are watching commodity stocks. Chinas plan to boost the reserves of oil and strategic reserves. Over in japan, we are keeping an eye on n