Fighting continuing in israel today. President biden expected to speak shortly to pledge his support for israel. With the chaos in congress, what can the u. S. Actually do . What can they aprop pre yat . Nothing right now. And we are continuing to monitor the market reactions. Stocks continuing the Late Afternoon rally. Bond yields are falling. The dow was up half a percent, three quarters of a percent for the nasdaq and the s p up. A couple of individual names are in the hotels and travel and leisure broadly. Look at these increases. Hyatt up about 7 . Added to the s p mid cap it gives a boost because it goes into the index funds that managers have to buy. Truist also higher. The Company Reportedly in talks to sell the Insurance Business for 10 billion to stone point. This domscomes ahead of earning season. The human toll in the middle east continues to rise as the conflict enters its fourth day. President biden is expected to speak any moment now. So what kind of about what kind of r
Has made it at the top of my board. 10,000. Jonathan im not an idiot and i am not trying to call the top. Alix it will be a topic of conversation. David there are some things going on inside the business emma chandra is here with first word news. Emma it is the Biggest Online shopping day of the year in the u. S. Ecommerce is expected to rise almost 17 from the year ago to 6. 6 billion. Online spending across the Holiday Season is projected to rise 11 , the most ever. Germany is edging closer to getting a new government. Chancellor Angela Merkel has began negotiating with the social democrats over a potential partnership. She says any Coalition Partner would have to support a balanced budget and probusiness policies. And there will be Royal Wedding bells in the u. K. Next spring. Prince harry is engaged to american actress meghan markle. The announcement came when his father, prince charles, puts him fifth in line for the british throne. Global news, 24 hours a day, powered by over 270
Real feel for supply and demand. And president trumps Jerusalem Decision continues to make waves. The United States uses it veto for the first time to block a u. N. Security resolution on the issue. For expansionary budget 2018 for saudi arabia. A boost in spending in almost 300 billion. 2. 7 , gdp to expand to after shrinking by. 5 in the last year. Here is how we covered the story. The chairman of the company, the minister of energy, the ceo and i thinkny, ideo we expect the the ipo will attract people. That tadawul is one option and we are also looking at many s, going through a lot of discussion and assessment. This is not a normal ipo, it is an ipo for the world. We want to make sure that we do not leave any stone unturned, to ensure we are doing what needs to be done to choose the right one. Yousef some additional revenue could be what is happening with what is going on with the governments anticorruption crackdown. Here is what he had to say about that. The attorney general made
Drop in order for drop in order for for its typhon business jet. And opec secretarygeneral hopes to get the americans on his side saying the Oil Organization will meet with the u. S. To help support their production deal. Good morning glad youre with us once again for spain it may be the day of reckoning as the Catalan Leader, Carles Puigdemont, will be speaking to the Catalan Parliament later today he may or may not declare independence well have to wait and see until 6 00 p. M. Local time a quick look at the stoxx 600, one hour into the trading session. We are pretty much flat, even stevens when it comes to gainers and losers german exports were strong in august, up 3. 1 . Brushing off concerns of the stronger euro given that were seeing stronger demand in the eurozone lets look at the indices one by one. The dax hit record highs in yesterdays trading session. Its just close to those levels, still 12,977 points. The ibex 35 on this crucial day for spain is off by 0. 4 continues to un
This morning as the u. K. Numbers keep surprising. Will the allimportant Services Sector also show postbrexit resilience . Good morning and welcome. The United States is of course, in joint labor day in its enjoying labor day in its traditional fashion, taking the day off. Let me show you what is happening, where futures are pointing us. We saw a very nice rally last week on the payroll. The ftse was up 2. 2 . This morning, we are expecting to add to that a little bit. We will be opening up around. 3 . Lets move over and see what has been happening around the world. I draw your attention to the story in japan. The bond market is going to be fascinating this week. The austrian front end of the curve is moving this morning, a big move there. We will come to that. But the japanese story, it is not showing up on my gmm because of the volatility. Nevertheless, we are seeing the back end of the curve see yields rise quite sharply. In the meantime, lets get you caught up with what you need to