One of the big ripple effects is utilities. Take a look at this chart behind me were seeing the death cross thats what some technicians call it when the shorter term 50day moving average of a stock or etf falls below longer term trend, the 200day average were seeing it with the excel, the spdr sector utility, xlu this does not portend bad things but something to Pay Attention to its not the only that were keeping an eye on. Were seeing some action play out in some parts of the market. Namely in the real estate stocks the vanguard reit index is sinking down to multiyear lows. As we take a look at whats happening with this, its already in correction territory, off about 10 plus the highs we saw a couple years ago well take a look at another part thats perhaps a brighter spot while all these guys are making these multiyear lows, one thats not is the consumer staple sector. This is actually just a stones throw away from alltime highs would you believe it or not, more than half of the index
The eus top negotiator says progress is slow on brexit talks. His british counterpart claims the uk is showing flexibility. Were live from brussels with the latest in tokyo, british Prime Minister theresa may secures a deal with japan for trade ties after brexit music to vivendis ears. Shares are on course for their best day in four months as impressive sales of smash hit despacito boosts revenues for subsidiary umg welcome to the show. Well kick off with some breaking news. We have the euro area august manufacturing pmi out. Its come in at 56. 6 having been forecast at 57. 4 so were looking at a slight miss there try to bring you more details on that but for now thats all were getting. Once again, that came in at 56. 6 after a forecast of 57. 4 lets look at how the stock markets have opened today. Were seeing more green than red on the board so, another positive day its not going to be enough to help the markets overall this week we saw they did indeed european stocks closed down for
To stop children from traveller communities getting a raw deal at school . One family tell us of their struggle to stay in education. I would love him to go to high school, i know im not too clever, but i would have tried my best and done something with my life, do you know what i mean . Hello and welcome to the programme, were live until iiam. Whatever you do for a living, we want to hear from you about workers in the Public Sector, who as you know, havent had a pay rise in seven years, but thats about to change, at least for some jobs, but not by as much as many people want. Also, the government is giving no new money for this pay rise. It has told Police Forces and the Prison Service to find the money themselves. We really want to hear from you. Tell us about the state of your wages, over the last few years and what you think of the pay cap being lifted on Police Officers and prison officers. You can e mail me. And thats our top story today some of the uks biggest unions are threate
Secretary Steve Mnuchin arrives for another round of talks in italy. I understand theres an ambitious Tax Reform Program in the United States, were watching closely on what is good for the United States and what would be learned by other countries about tax reform. Donald trump calls fired fbi director james comey a grandstanding showboat as he tells nbc exclusively his rational for sacking him earlier this week. You said i accepted their recommendations. You had already made the decision. I was going to fire regardless. Good morning, everyone. Its friday. Glad youre with us once again. We have another packed show for you. Lets kick things off with our top story. Vivendi announced plans to buy a 60 stake in Advertising Group halves have ff s ha havas for 2. 4 billion euros. The step marks another milestone in vivendi chairman Vincent Bollores plans to build another media powerhouse. Shares of vivendi are up 5. 71 . Karen has been following the story all morning long. I wonder what the
Colombia where he will likely field questions about the russia investigation. Thats live as soon as it begins. Now, my exclusive interview with bank of america ceo, find out what Brian Moynihan of 21st Century Glass stegal may not be as bad. Thats coming up. Unrolling Net Neutrality rules, the Michael Powell tells us why this is the right move in a first on cnbc interview. But, we begin with a very Good Exchange between steven mnuchin. Ylan has the story. Reporter it was testy. This was mnuchin mnuchs first testifying. Most of the conversation was focused on financial regulation. It is also met he has to face senator warren. Now, mnuchin said in the testimony that he does not support a return to glasssteagall saying that that would cause significant problems for financial markets, the economy, and liquidity. But on the campaign trail, President Trump said he supportings a 21st century version of glasssteagall. Today, senator warren tried to press him on exactly what that means. To get