Anna daimler out of the doldrums, the german carmaker beats estimates for the Third Quarter and will continue cutting costs. Tesla puts pressure on rivals after surprise profits. A challenging quarter. Operating loss this quarter as its income was impacted. To the stagetakes for the final time as ecb president. We are live in frankfurt all morning as he leaves behind a divided governing council. Matt miller is on the ground in frank for. Lets talk about markets. What are we expecting to see for equity market . A lot of green coming through. Dax futures suggesting upside. Maybe something more muted on the london market. Corporate earnings from germany, france, norway and in between. Interest to is of anybody in banking. Ftse 100 is seen weaker than other equity markets in europe. What is happening in the asian session, the standout moves. We see some upside in the asian equity market. Indonesia, hong kong pointing nicely to the upside. Profits even from the u. S. Seems to be comforted.
Manus 6 00 a. M. In london. I want to bring your mind back to 2018. Exuberance after the g20. Then we faded to black. Im talking about the drop in the s p 500. Is it deja vu . From the did hear global times yesterday saying there is a will to make a deal. Then in bloombergs reporting, we are talking about the fact china wants december tariffs to be lifted. We are still waiting. Also looking ahead to bank earnings. Big questions over what we are going to see in terms of costcutting. The one positive is the u. S. Consumer. Low rates certainly not helping. Manus let us talk about the various political markets and how they are affecting currencies. The lira, first of all. Battered and bruised. 50 on steel. Three ministers have been sanctioned by the u. S. On turkey. If you wanted a reason to sell the lira, you have it now aplenty. Despite the pushback, defensive play by the local banks, a billion dollars of fx. There is this deep misgiving in the treasury market. Yields popping by 20 basis
And an ongoing trade war with the us . Also in the programme, australia cuts rates as the era of cheep money returns , but can an economy so reliant on sending Raw Materials to china weather a beijing slowdown . And well be getting the inside track on a business thats aiming to be a sparkling success the boss of the jewellery editorjoins me now. And as the uk governmenet proposes raising the minimum wage to £10. 50 for everyone over the age of 21 we want to know what yourfirstjob was . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. We start in china, which is marking its 70th anniversary and with it one of the most extraordinary and rapid Economic Transformations in history. From a relative financial minnow the communist state has grown to become the worlds second biggest economy. As you can see from this graph chinese economic expansion accelerated dramatically in the 1990s as a result of mass privatisations, and the opening up of the country to fore
Testify very soon. And boris and settle. U. K. Leader plans to lay out his brexit vision at the conservative conference is overshadowed by his past. Were live in manchester. Manus a very warm welcome to daybreak europe. We are all over the global stories. From the markets, we had the bloomberg scoop, and the United States was considering invoking legislation that would block china from accessing u. S. Equity markets, and that they would stymie the flow of u. S. Capitol china, the pathway, the capital, the keys to growth, the very essence of this story could be a new fork in the road for, lets say, discontent in the trade wars. It would involve 1979 legislation, which jimmy carter used in regard to iran. We will discuss. Weve recouped some of those losses. To the local markets now, the rba. And then new zealand. Defined by steven major, who is out ahead of the two. Is it new zealand or is it australia . The kiwi drops. What you can see is the bid, the kiwi drops, the lowest confidence i
Protesters in hong kong one help from President Trump. Thousands of them marched peacefully to the u. S. Consulate today to appeal for the president s assistance. New figures are showing the demonstrations impact on the economy. A number of visitors to hong kong plunged almost 40 last month. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 6 00 in london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Speaker of the house john bercow stands down by october 31. He has been an important figure in steering the process. We have a roundup of the latest news. New management, same strategy. The new Saudi Oil Minister promises no change to oil policy as the kingdom makes a step toward its ipo