One fire is threatening the Ronald Reagan president ial library. Unprecedented extreme red flag warnings have been issued for much of the state. More on our website bbc. Co. Uk news and the news app. Now on bbc news, live to singapore for Asia Business report. Markets for Asia Business report. Cheer as the fed cuts agi wall markets cheer as the fed cuts again. Wall street closes higher after the Us Central Bank lowers rates for the third time this year. The sun shines on silicon valley. Us Technology Giants apple and facebook give investors plenty of reasons to celebrate. Welcome to Asia Business report live from singapore. Lets start with the World Economy because the Us Central Bank has cut Interest Rates again, hoping to shield america from the impact of trade wars as well as the global slowdown. The Federal Reserve lowered the target for its benchmark rate by 0. 25 . This is the third cut injust four months. Rate by 0. 25 . This is the third cut in just four months. Wall street wel
Starting with martin spencer, a bit of a bellwether for u. K. Retail. Talking about pretax profit. The company increased its profitability forecast. They have been cutting costs by buying more sales direct. This has been a challenge for martin spencer. This stock was called higher and is moving higher. Volkswagen is not coming in yet. This has been much lower. The company said that it found all the emissions readings for the first time in gasoline, petrol. Scandal that had centered on the diesel engines. One analyst said volkswagen is leaving us speechless. Ing, we got some mixed calls. It looks at the moment like it could be moving higher. The biggest dutch lender reporting a 14 rise. That was a beat for ing. And the eurodollar trade, you lower onhe euro moving the back of the dollar. Back to you. Jon we will bring you that data live throughout the morning. That is happening in the early part of the session. Here is what is happening in todays show. The volkswagen pile up. The scandal
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