Strengthening as asiapacific nations signed the Worlds Largest regional freetrade deal. President trump plains fresh hardline moves against china. M a at the double. Pnc financial agrees to buy a usa unit for 11. 6 billion and creating a european giant. Very good morning to you. Market,to bloomberg the european open go lets get the european open. Revenues coming in at 21. 4 3 billion euros, just a touch ahead in line with the estimate, reaffirming their cash flow guidance for the full year 2021, something perhaps to have that kind of visibility at this point. They say they are on track to ipo. This has been a talking point, what kind of money were they going to raise . There has been talk of perhaps a 4 billion euro ipo coming next year. , it hasthe same unit been valued by some at 20 billion euros. That would make it the largest listing in europe in more than three years. We will be keeping an eye on that. Vodafone said they are on track with that plan. Marketst to the broader and loo
But negotiations remain far apart and vander layen believes they are close both sides are severely hit by the pandemic. We should do Everything Possible to find and agreement that is possible so that we do not increase the negative impact on our economies. Lvmh shares move lower. Tiffanys arguments as unfounded for the case of ditching the 16. 6 billi 16. 6 billion take over deal a warm welcome. Lets kick off the show with a look at the markets. Rallying more than 2 breaking a twoday losing streak. Dax in particular was very strong leading gains rallying 3. 2 ftse 100 lagging a little bit. We are seeing a little retreat this morning the dax is down as well lets dive in to the sectors to see the best and worst u littlitiutilities are the onln the green. Lets look at the worst per forping sectors. Yesterday it was worth mentioning you had the banks leading down sharply to the down side banks down 1. 4 . Autos down 1. 3 some of those reopening stocks taking most of the hit this morning. U
By was johnsons plan passes its first hurdle in parliament. But he faces big obstacles in the house of lords. Heated debate President Trump clashes with california state officials over whether Climate Change is causing wildfires in the region. And the acts falls at the the citi,lls at citigroup resuming job cuts. Anna absolutely, lets talk about the jobs market, specifically in the u. K. , we are getting jobs numbers coming through. Jobless claims arising by 73,700 in august. To give you some context to that, that is lower than the previous number. In the prior month, jobless claims numbers rose by 94,000 in july. Perhaps if you are looking at that rate of change or the pace of the surge we have seen in jobless claims, it is not as much as last month, but we are living in a very strange o job market in the uk given the furlough scheme that is keeping in a lifesupport certain businesses thereby limiting the number of jobless claims. In the unemployment rate, the same applies. For threeo
Shooting of a black man by place. And black panther star Chadwick Boseman has died at the age of 43 after a long battle with cancer cure that the actors life and legacy. Im Anthony Howard thanks for joining us we begin here in berlin where police are in the process of shutting down a protest against germanys coronavirus restrictions i say the participants had failed to way face masks and observe social distancing rules more than 20000. 00 people are believed to be in attendance with little denies bus trips bringing demonstrators from across the country for the north already has had initially banned the event of the Health Concerns but a court of attorney the ban saying the gathering could go ahead provided they were measures in place to park. The spread of the virus infections have been on the rise in germany in recent weeks prompting the government to impose stricter measures to keep the virus in check. Well on the streets of central berlin is where we find correspondent tom aspera th
Beethoven is for. Beethoven is for. Beethoven 202250th anniversary here on new. U. S. President says trade talks with china are on ice just the latest reason why tensions between both sides are rising another huawei well talk to an expert about how europe is increasingly called the middle. Also on the show the krona virus has disrupted Food Supply Chains in china now beijing is telling its citizens to clean their plates and avoid food waste. And will visit greece for a look at how europes Summer Travel season has fared in the year of the pandemic but 1st. You know why i do what. I do want to deal with what they did. I dont want to go right ok. And that of course is u. S. President donald trump responding to a question on trade talks with china and this is your Business Report im Stephen Beardsley in berlin donald trump on tuesday casting doubt on the fate of a trade deal with china the president saying in the same briefing that he had canceled the talks and just the day before his top