Holding. Quarters of 1 on the 10 year. Ago,about nine days trading at 1. 16 . To basis points higher. Crude oil and others deeming a breakthrough. We do have a fall coming with iran. That is because of john boltons departure. Crude oil moving to 9 10 of 1 . We already we await mario drahgi. Moving things along and looking at new york. Su keenan is there with first word news. Su we start with the u. K. Government. Chaoswarning of soybean with this russian that trade and financial services, and the possibility of public disorder. The document is part of a worstcase scenario. Parliament voted to force Boris Johnson to make it public. The government is facing legal action. The Scottish Appeals Court ruled the suspension of parliament is unlawful. Won a legalump has victory over his policies over the border with mexico. The Supreme Court says his administration can support a new rule designing a limit of who can apply at the border. The policy can remain in place while a legal challenge goe
It is seen as a trade war olive branch. American farmers remain under pressure. Bid from thees a hong Kong Exchange. Lawmakers are concerned about potential National Security questions. Shery lets get you started with a quick check on how markets closed. We saw the s p 500 gain ground and close above that 3000 level for the first time in six weeks. We had Health Care Stocks and tech leading the gains. Interesting, the nasdaq finishing at the highest level since july, rising for the first time in four sessions. Into valuee rotation stocks. They subside a little bit. The u. S. Futures unchanged, but lets see how we are setting up for asia. Sophie south korea closed until monday. We are seeing futures knowledge higher nudge higher. The nzx 50 treading water. Euro, it isthe little changed after briefly theing below that ahead of ecb meeting which bank of America Merrill lynch is calling the most unpredictable of the past five years. In asia, switching the board, the highlight will be malay
And residents will find out whether they can return to their homes. Tackling the counterfeit alcohol trade how an artificial tongue could help taste subtle differences between whiskies. Good morning. Welcome to bbc newsroom live. Iam i am rebecca jones. The European Union has rejected holding further brexit talks with the uk, while borisjohnsons government insists on changing the Withdrawal Agreement to scrap the irish border backstop. Eu negotiators told european diplomats such changes which the new uk government is demanding were unacceptable. But downing street says the Prime Minister will enter into any fresh brexit talks with the greatest energy and the spirit of friendship. Adam fleming reports from brussels. The eu is inching closer to accepting that the most likely outcome of the Brexit Process is the uk departing without a deal on october 31st. After discussions last week with the Prime Minister, his europe adviser david frost and the brexit secretary stephen barclay, brussels
Of threatening the Global Economy restrictions coming into effect today all materials bound for seoul used in south korean chips and spot for displays this will affect the countrys tech firms and could slow down the whole export process by several months relations between the 2 countries have sowed dramatically in recent months after according to south korea or Japanese Companies to compensate for wartime labors at a fine japan says the issue was settled decades ago and is now could explode spiral to south koreas Tech Industry citing National Security so as trade minister says the move violates World Trade Organization rules even if the. Measure damage the economic relationship between our countries but it is also expected to grossly affects the well trade and corporations in 3rd party countries. Michael paine joins us from tokyo how much is this going to affect global trade do you think. Well as the actual measures which the japanese put into place i dont think are going to have a hug
S p rising. 45 and somehow phony and engineer by the Federal Reserve, which means everything will end in tiers look, we definitely got a boost from the fed but it makes the whole move fake is ridiculous. When a day the s p broke out above 3,000 hitting an alltime high i want to put the fed mandated bubble talk to bed so yes, its true that the averages were looking its true the average were looking down before Jerome Powell gave dovish testimony how the economy is not in great shape. Powell admitted the business is slowing. Hes right although he probably should have mentioned the december rate hike played a role powells speech made it clear the feds are cut rates if the economy keeps deteriorating and hes expecting to continue to deter rate the prospect of a rate cut ignited the market today but you heard the same story from commentators that say its all one big hot air balloon. Practically a hydrogen filled zeppelin thats bound to crash in lake hurst, new jersey, when is a hinder berg