Opioid expose Drug Companies and the rest of the farmers all that in the supply bottlenecks slowing down the latest fast food craze in one spicy show lets go. Another step toward a hard break between the United Kingdom and the European Union leads our global report today as the queen of england approves Prime Minister Boris Johnsons request to suspend Parliament Queen elizabeth specifically granted the Prime Ministers request to prorogue the parliament in september effectively narrowing the window in time for the opposition or dissidents or mr johnsons coalition to legislate a barrier to a no deal brags that mr johnson has given every indication of being dead set on taking the u. K. Out of the e. U. Want to 31st without a deal if the e. U. Does not submit to his demands regarding the socalled backstop on the border between ireland and Northern Ireland some experts on the u. K. s unwritten constitution say the move effectively makes parliamentary privilege. No deal brogues at nearly imp
A scenes of chaos in hong kong as a general strike takes place the police fired tear gas and toward democracy protesters in the city a Record Number of activists are detained and the chief executive warns the church is on the budget of a dangerous situation. And authorities in the u. S. After threatening outreaching ammash tooting in texas as a chris of domestic terrorism as america grieves for the victims off 2 attacks of the Weekend Police say they fear domestic terrorists on the right. Plus a walking into a war zone the east african refugees stranded by the conflict in jenin and to tell you this correspondent funny picture among the horror as theyve experienced. And a woman continue im good to have your company. Now its being called the most significant change in the status of the disputed kashmir region in more than 70 years delhi says its revoking the special autonomy status of indian administered kashmir the kashmir region has been contested by india and pakistan for decades the
The moves weve seen markets everywhere were rattled by this news look at the treasury market. The tepyenyear went all the w down to 1. 89 . This morning the yield is lower, 1. 847 this is happening as you look at yields rolling back to levels we have not seen since november of 2016 the 30year is yielding 2. 377 the twoyear is at 1. 70 the five year at 1. 648 overnight in asia, stock theres took it hard you will see that the nikkei was down 2. 1 . The hang sens off by 2. 35 the shanghai was down by 1. 4 . In europe this morning, there are red arrows there as well with significant losses. The cac is down by 2. 75 the dax is off by 2. 6 the ftse off by 1. 9 so around the world all of this, people are watching closely to see what this means for the economy. Maybe no better market to see that in than the move in crude oil prices yesterday wti was off by more than 4. A decline of 7. 9 . Thats the worst single day performance since february of 2015 concerns about what this all will mean for t
India. Into whats going on in the markets. It is a negative day. Sentiment dictated in part due to what happened on wall street worried the nikkei up 1 . Hang seng 2 down. Awaitross the board as we the fed, the gdp numbers, we have a lot of moving parts. The pmi numbers, slight increase. Optimistic about what will happen in the next quarter, the current quarter. Part of that optimism down. Apple this is part of the apple supply chain in this part of the world. Lg display, nearly 8 down. Optimism being shared. Pegatron up by 7. 2 . Samsung electronics for different reasons, down 2. 8 . At one state, it was the lowest level in three months. The Earnings Call does not exude confidence, saying the current trade war was producing all sorts of imbalances and uncertainty, which has made people delay buying chips. The margins on chips are also narrowing. Lets look at pmi. It was showing a little bit of an uptick from the previous month. These Large Companies seeing what is going on. Large comp
The c. W. Business. Has announced a loss of 3100000000. 00 euros for the 2nd quarter of this year its being attributed to the cost of a big Restructuring Plan announced earlier this month germanys biggest lender is drastically cutting back its Investment Banking operations with a loss of 800000 jobs c. E. O. Has already taken significant steps to implement that strategy. Lets bring in our correspondent. In the frank. Used to bad news from Deutsche Bank at a loss of 3000000000 euros that is monumental isnt it still within the remit of normal losses that companies of that size can stomach. Its an eye popping number theres no doubt about that and i think you know this is a bit surprising for investors in the market because just a few weeks ago which a big hit so that they were expecting a las below 3b3b euros so there is a little bit of surprise about that but just to put it into context its not the largest loss that bush because ever seen back in 2015 they had a loss around 6000000000. 0