And welcome to power lunch. Eye melissa lee, your money carving out some small money today, and russell 2000 at rosh highs. Its a global rally. Lets check out bitcoin is bouncing back after falling below 10,000, Goldman Sachs say its a bubble bigger than the dotcom era and famous tulip bulb mania, and p g was down travelers rallying by almostsh topping expectations tyler . Thank you very much, melissa. Welcome, everybody we begin with a major decision from the white house the administration saying it will slap tariffs on solar panels and washing machines. If youve got a solar powered washing machine, you are not, kayla, going to have whiter whites Kayla Tausche is at the very white house with more. Reporter those tariffs are steep and final. For companies outside the United States empowereding washing machines into the United States theyll sue new tariffing between 20 and 50 , depending on the number of washing machines they are importing. For components that 50 . For solar part manufa
Panels effective february 7th, the result of a months long investigation by the bipartisan trade commission on washing machines, nonu. S. Importers will be charged 20 to 50 per unit depending on the volume of the products they are importing. Goldman sachs estimates the price tag a shopper will see will raise anywhere between 8 to 20 in the absence of these highvolume cheap products from overseas the administration on solar panels is adding a 30 levy. It declines over time and it will benefit u. S. Manufacturers. But companies that install solar panels will see their prices increase that led South Carolina congressman mark sanford to call the tariffs shortsighted and said his state would lose over 7,000 jobs in the Solar Industry as a direct result of these tariffs. This afternoon at the white house, President Trump said he expected the move would create jobs our companies will not be taken advantage of anymore and our workers are going to have lots of really great jobs with products th
A sign Language Interpreter for two support acts. Also, the former cabinet minister baroness tessa jowell, who has brain cancer, calls for innovative cancer treatments to be made available on the nhs. I feel every single ifeel every single bit i feel every single bit of my determination to go on creating better opportunities for people managing cancer. And more success for ant and dec as they claim the best presenters award for the 17th time at the National Television awards. Good morning. Its wednesday 24th january. Welcome to bbc newsroom live. Lets start with some breaking news coming in on that story we were telling you about, the organisers of a men only Charity Dinner saying they are appalled by allegations of Sexual Harassment, and we are hearing that, in the wake of that, great ormond street hospital said they will return previous donations from the president s club after those allegations of Sexual Harassment at allegations of Sexual Harassment at a fundraiser, and also that t
Again. Im Brian Sullivan power lunch tees off right now. And welcome to power lunch. Im melissa lee. The major average giving up gains. Dow and s p, russell 2,000 small caps did soar to record highs but now looking at losses across the board. The dow managing to hold on to ever so small gains. Commodities are crushing it and oil at threeyear high and copper and gold soar the dollar at a low. Saying a weaker dollar is good for u. S. Trade transports getting slammed led by united. The airline down 11 on pace for the worst day in four months on fears about a price war. Got much more on this coming up. Michelle. Thank you. Im Michelle Caruso cabrero live in switzerland where the trump tax cut and the surging and Global Economy are front and center well talk taxes, trade and whether davos is ready for President Trump to arrive on friday and michelle, on this multicon innocent, over the next couple of hours you will meet four managers who are the sole of consistency. That is why they have be
Equities market. Anna a warm welcome to countdown. I am anna edwards. Reporter and i am guy johnson from the greek capital. Anna lets get you up to speed on what is been happening. Lets talk about what has been going on. We will start with the euro. This is the last three days. Lower at the start of the Asian Session as the Foreign Exchange market picked up. We dipped below 110 and came up in the hours that followed moving a little higher. That initial flight to safety in a number of asset classes, definitely present but moderating a little bit. Looking at some of the other asset classes, you can see that as well. Look at what happened to the yen. Again, flight to safety but moderating a little as we get into our stride on this monday morning. How long will any calmness last in the london session . We will have to see. We may see that flight to safety resume. The treasury yield, another expression of the flight to safety trade this morning. Yield coming down on tenyear treasuries, but