On the value of its new business, following the fall since it listed the most. We will be joined by the ceo. Reports amid rising u. S. Tensions and fears of backlash from the white house. More challenges may be growing closer to home. Lets get a quick check of the markets with sophie kamaruddin. Stocks with a subdued start, futures lower. Kiwi stocks higher by 0. 2 . At m a, andlooking south korea raising a red flag. In sydney, stocks hit a fivemonth high. Qantas hosting its first loss in six years and warning it will not make money in the next financial year. 2000 after retreating on the fed minutes. The index going since jumping the most since june on the fed. One analyst said he does not think positioning is stretched, but even with broad dollar weakness, asian currencies have underperformed, but record forex reserves are one key reason. Steady afteryuan retreating from a sevenmonth high, retracing gains it has seen since last month. Focus, callsira in for the central bank in turkey
Over brexit. Australia, brazil and new zealand are asking for trade compensation from the uk and the eu over brexit disruption. Plus running rings around the competition. Well be taking a look at the essential sport item that managed to become an every day fashion must have. From your phone to a postbox, well find out why Old Fashioned postcards still seem to have a future in the digital age and why that could be good for our Mental Health. And a new Study Suggests those long meetings at work are more about therapy than solutions, so we want to know, do you think meetings are meaningless or play an important part of work life . Let us know, just use the hashtag bbcworklife. Hello and welcome to worklife. A warm welcome to our new business show, and we start today in sydney, where we could be seeing the dawn of a new era of ultra long haul commercial flights. I think we can cross straight to luuka jones, if he is still awake you have been awake Something Like i9 you have been awake Some
Nationalising british business. The labour leader, Jeremy Corbyn, is in lancaster to deliver a speech in the next few moments on the broadband announcement. Mrjohnson has also denied claims by Brexit Party Leader nigel farage that the conservatives offered his candidates peerages to try to get them to stand down. Im anita mcveigh. Live in aberdeen. At the Maritime Museum. This is a city fuelled by the sea and oil. Just as the Election Debate here is fuelled not only by brexit, but by independence. Good morning. Welcome to bbc newsroom live. The labour party says it plans to deliver fast and free full fibre broadband to every household and business by 2030. They say they would part nationalise bt to deliver the policy, and tax tech giants to help cover the cost which labour estimates to be about 20 billion pounds. Jeremy corbyn is set to outline these proposals at a speech here. At lancaster university. Well bring you that as soon as it starts. 0ur poltiical correspondent nick eardley i
Basically, what weve got today is a reversal of what weve had over the last few sessions. He bond proxies are back health care is doing well today. We are seeing a selloff in the banks and a selloff in the auto sector, down by 1. 4 . Maybe the president didnt quite go as far as everybody was into spitting yesterday in pushing back the idea that european auto tariffs are a risk. We also see some weakness in the spanish market once again. The market not liking what is happening with spanish politics at the moment, and the coalition that is being put together. Again, it is the banks under pressure. The ibex down by 1. 5 . Vonnie fed chair Jerome Powell will deliver remarks on capitol hill in about an hour before the congressional joint Economic Committee. Powell saying in compared testimony that Central Bank Policy is appropriate as long as the economy stays on track. Joining us now for a bit of a dissection of where the fed stands, even as public impeachment inquiries get underway in was
Alan joyce. From a one headline monthly job report can reverberate, not just through stocks, bonds, currencies in the u. S. , but around the world. Wages accelerating, the rate hikes accelerating not just from bonds 8 but for pure but 4 . It was the move down and stocks that caught everyones attention and makes us wonder how this carries through in asia. Typical big story in the u. S. , but anyone watching markets, i am serious, this u. S. Baton has been passed Asian Traders and they will determine what happens next. Yvonne i think there is still some time between now and the game for us to talk about what is happening. Of mentioned a little bit equities, that could do some damage in asia. Kathleen how about halftime, you can watch Justin Timberlake and us too. A new round of earnings come big focus on bonds will dominate wall street this week. Su keenan is here to wrap it up. Bull story,bond stock bulls rattled by fridays close. Lets check it out, 666, an ominous number. In two weeks.