We start with the uk economy as the wrangling over brexit continues. There are fears the country could be slipping into recession for the First Time Since the financial crisis. A Global Economic slowdown and trade tensions are being compounded by ongoing uncertainty over brexit as shown by increasingly gloomy reports from business groups. In the last few hours, a survey by uk manufacturers has warned their industry is in a nosedive, with export orders falling despite the weak pound, and domestic orders faring even worse. Hiring is continuing to decline. Britains Vital Service sector, the biggest part of the economy, lost momentum in august as growth all but fizzled out according to a survey of purchasing managers. Optimism in the sector slumped to its lowest since july 2016, the month after the brexit vote. And retailers say sales were down last month compared with august last year. The uk economy shrank in the Second Quarter, the three months tojune. Two quarters of negative growth in
And a big show this morning, joining the conversation this morning, Fox Business Network dagen mcdowell, founder and ceo and columnist for the hill Fox News Contributor liz peek, we have so much to discuss, right to top story this hour and thats democratic debate, 2020 hopefuls taking the stage in texas pressing views on widerange of issues, Hillary Vaughn has more now, shes in houston, hillary. Maria, Vice President joe biden went on offense last night calling out other candidates by name challenging their ideas, really trying to play the voice of reason against progressive policies promoted by candidate Bernie Sanders and senator Elizabeth Warren, biden challenged both of them over the cost of their medicare for all plans, he also sparred with former hud secretary Julian Castro whether or not which person is better fulfilling obamas legacy and also took on senator harris and congressman beto orourke over gun control. My friends, the employers are going to give you back if you negotia
Weekend for labor day. Road map, it starts with some optimism on the trade war front. Same thing we were saying yesterday. Stocks rising amid cooling rhetoric but here come tariffs. A new set, theyre going to be hitting chinese imports and will kick in this weekend. Keeping an eye corporate earnings, plenty this morning. Campbell soup, ulta, dow, workday. Shares rallying, this on news that 16 models will be exempt from the china import tax. All three major indices in the red for the month. And the nasdaq is the biggest decliner still down more than 2 , this might despite what has been a last rally the last few days well see how we end the month. It has been a round trip, actually, from last thursday to yesterday on the s p 500 you recouped all that was lost on that friday, a surprise escalation in trade war fears. Todays open at the s p level that were seeing right now, it would take you back three weeks. Basically august 8th, most of the losses of august, it is kind of partly, i think
Also this morning, are you ready for what could be the hottest day on record . There are warnings of travel disruption and and damage to health as the heatwave reaches its peak. We could hit 39 celsius, 102 fahrenheit, somewhere in the london area today. But the heat is not confined to the south east, i will have all the details later. Braced forjob cuts nissan prepares to announce more than 10,000 roles will go around the world , workers in sunderland will learn this morning if theyre affected. In sport, a historic day at lords as irelands cricketers mark their first test against england by bowling them out forjust 85 in two hours. Good morning. Its thursday the 25th ofjuly. Our top story borisjohnson will chair his first Cabinet Meeting this morning, after a massive clear out of theresa mays senior team. The new Prime Minister moved quickly to install brexiteers in key posts to help carry out his pledge to take the uk out of the eu by the end of october, with or without a deal. 0ur P
Conference that hoped to save his job, the labor secretary is out. Well have the latest on his departure. And a gift from the angels. In their first home game since a teammates passing, one teams major league tribute gets an ending straight out of hollywood. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. What were seeing eis a slowmoving tropical system. Whether or not its a hurricane or Tropical Storm, it doesnt matter, folks. The gulf coast braces for barry. Were asking folks to just stay inside tonight and see what this weather is going to do. We hope were going to miss a big storm but we know the worst is yet to come over the next 24 to 48 hours. I was deeply moved to see the care. Vice president mike pence went to the southern border and made allegations that migrants are being held in squalid conditions. We are not a terrorist. We are not criminals. The house voted overwhelmingly to renew the 9 11 Victim Compensation fund. This is necessa