Further. Bp shares jump after it sheds alaska assets for 5. 6 billion pulling out of the state after 60 years as it seeks to boost its Balance Sheet thomas cook agrees to key terms of a rescue package with stake holders sending shares sharply lower as brokers warn it may lead to a delisting of the stock a very warm welcome to street signs big day in italy not only on a political front but we have a little bit of data on the confidence front we have Italian Consumer confidence for the month of august thats fallen to 111. 9 versus july at 113. 3. In terms of business confidence, that has fallen to 98. 9 versus 101. 2 in july so that is below the 100 level. Thats fallen to 9. 7 a ton census looking for 99. 8 and thats dropl whiche have seen in july. So moral taking a hit. He called the end to the coalition and called for a snap election now you just saw there on the screen, the euro trading slightly higher versus the dollar you can see its fairly resilient. Let me bring you up to speed in
Heated tone from the u. S. And china. Financials, semis and industrials are all lower and full Team Coverage coming up dom chu is tracking it phil lebeau with details of on headache for boeing. Market down 333. The low of the session 425 down. The dow higher this session down 205 and red throughout the session as you can see sharp selling. Lets bring in Rebecca Patterson with us for the full first hour of the show. Good afternoon whats the spark again for the selling . Last week a nice end to what was obviously a negative month of august. I think what it boils down to is its not about the cost of capital. It is not about the level of Interest Rates, the stimulus it is the confidence to spend so we can make Interest Rates as low as you want but if you dont have companies and households to borrow and take that money and buy something with it, whats the point . Thats the conundrum we saw it in the trade rhetoric today. It is eroding confidence thats driving us right now. Can the fed or Ce
Morning, congressman and Ranking Member doug collins here to talk about all things mueller after yesterday. Ohio congressman house intelligence and weighs Means Committee member joining us and house energy and commerce manager debbie plus tennessee congressman and Committee Member is here on israel boycott bill, and c op of Raymond James paul riley on company fernings but ceo of ups will weigh in on earns and brotdzer economy. Dont miss a moment of it and top story this hour more than six hours on the hot seat yesterday former special counsel answering to lawmakers for first time leading dmets with little hope for impeachment mueller taking heated questions concerning the wording of his report and the conclusions. Watch. The president claimed your report found no obstruction and that exonerated him but that is not what your report said is it . Correct that is not what the reported said. Report did not include that he did not commit obstruction of justice is . Is that correct . Thats co
We are seeing the home prices growing a little slower than may. This is coming on the backs of we trade data. We are also seeing some of the impacts from the tariffs. Information onde how much the chinese will look to implement. These numbers are looking better than expected overall. Great stuff there. We have ongoing commentary here on the backs of the numbers. On top of gdp numbers, thats those. In at 5. 8 . Ng these are quite decent numbers. Lets get a more reaction here. I was predicted 6. 2 iris predicted 6. 2 growth. Some of the numbers reach expectations. 5. 7. Pectation is i am a little surprised on the ip data. That what i amns thinking is that there is infrastructure. Should increase. This is my rational. Rationale. Metro line and you put the matter on the metro line. Then you finish the project. This process includes a lot of manufacturing. This number could mean these Manufacturing Activities have begun. Financing, fai and then ip. Is the retailg sales. 9. 8 not want it yea
Take the top spot. Member nations have not franzmed dutch politician timmermans, who was expected to be the European Union next chief executive. Leaders will resume negotiations on tuesday. In the u k, jeremy hunt will try to burnish his brexit credentials today. The foreign secretary will set up his strategy for a no deal exit from the eu. His plan would cut Corporation Taxes and ease the burden for british retailers. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In his 1 00 in new york, 6 00 in london, 1 00 in hong kong. Im shery ahn in for vonnie quinn. Welcome to bloomberg markets. Shery from bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world. Protesters and police by lome in hong kong, a dramatic escalation of opposition efforts to force the government to withdraw controversial exhibition legislation. We wi