Responding. And, move over, oprah. Sherry redstone cements her status as the most powerful woman in u. S. Media as cbs agrees to merge with viacom in a long awaited deal. Shares of apple and chipmakers soared in tuesday trading after the u. S. Delayed a 10 tariff certain imports including smartphones as well as laptops. Before boarding a helicopter in new jersey, President Trump said in case it has an impact on people, what we have done is delay it so they wont be relevant during the Christmas Shopping season. To discuss in washington, the president of the u. S. China business council. , bloombergs l. A sarah mcgregor. Sarah, do we have any idea what the motivation is for the change of heart . Sarah we do know that the news gave a bump to the stock market. We saw some retail and Technology Stocks go up today. There have been some declines in share prices in recent weeks since tariff announced since trump announced the tariff. Of course, that is an immediate cheer from the market. What
Plus, nordstrom and Dicks Sporting Goods both surging in the premarket as the Consumer Sector coming off what was its best day in nearly two weeks and teslas second largest shareholder suggesting elon musk should step down as ceo. We have details. Central bankers and economists from around the world are gathering at the kansas city feds annual symposium in Jackson Hole Investors bracing for tomorrows speech by fed chair powell among the president s repeated calls for additional rate cuts some big live interviews coming up today and tomorrow from the summit our Steve Liesman will have harker in about an hour. Hes got bullard tomorrow. But we know what the minutes did to odds of a 50basis point cut yesterday. Yeah, everyone is a little talking at different moments here you have the president saying things, the economy is fantastic, which is why we need to cut rates but now hes focused on germany. You have the fed focused on the data and a little more torn. The fed is clearly thinking abo
Yes, it is now a consumerdriven economy. We do want to alert you to new protests in hong kong. Nothing major so far but its just 9 00 at night over there and protests generally pick up steam in the hours before midnight. We cover this because these protests are a wild card in the china trade talks. They could affect our market and because we respect the courage of those youngsters demanding freedom. Now this. There you go. Which is the real Elizabeth Warren . Take a long, hard look. I couldnt tell but we will let you know who is who on the show a little later today. And watch this. This is another internet optical illusion. Take a long hard look at this one. Is that a bird or a bunny . Be quiet, ash. To me, its clear. But our production crew was split. How unusual. We have a big show and its on its way for you. Varney company is about to begin. I am the chosen one. Somebody had to do it so im taking on china. Im taking on china on trade and you know what . Were winning. Because were th
Cheers from Financial Markets after the us delays imposing some tariffs on a whole host of chinese imports, but how long will the optimism last . That is after that vital christmas and new year shop. We will talk you through that. Markets in europe have been trading for hafner and are all headed lower. We will explain why. Also come. Trading for half an hour. And standing out from the crowd with no shortage of tech firms promising to change our lives, we meet the woman charged with promoting the uks tech sector to the world. And what does your voice say about you . With more and more banks, doctors and call centres using Voice Recognition to determine if you really are who you say you are, we want to know are you happy for your voice to be used as your digital fingerprint . Let us know just use the hashtag bbcbizlive. Good to have you with us. We are looking at the German Economy. It shrank in the Second Quarter, dragged down by a slump in exports, preliminary data shows. Manufacturers
Sort of waiting for it. We got it today. Very interesting, and a lot of this comes from some of the overnight data we got overseas, like you mentioned from china, and then the u. K. And from germany, and of course now here in the u. S. Markets deteriorate in the last hour or so. David we come back to the same question again and again. Is this a projection of future growth, or or of a position where people need to put their money somewhere and drive down yields as a practical matter . Taylor lets get a quick data check. It is all about bonds today. We talked about futures here after what was a really good day yesterday, deteriorating this morning. Off about 1 or so. Ns is back in positive territory. German tenyear now at a 64 basis points. You wonder what the ecb does next. When we look across asset for the safe haven plays, for me it is all dollaryen. We have again continuing to strengthen. Handle is something that catches my eye. Gina we are joined by martin adams and vince cignarella