Good afternoon. The Prime Minister has said he wont be rushed to making a decision about the h52 high speed rail link, after widespread reports that he is planning to axe the birmingham to Manchester Leg of the project. He told the bbc today he wants to take time to consider what to do next. Lets get the latest now from our Political Correspondent nick eardley at the conservative Party Conference in manchester. Talk about hst has dominated conference this week. The Prime Minister wants conference this week. The Prime Minister wants to conference this week. The Prime Minister wants to talk conference this week. The Prime Minister wants to talk about minister wants to talk about long term decisions at this conference, trying to tell us across the country that he is prepared to make big, difficult decisions, but these conferences see the normal intensity of politics dialled up. Every single comment you make is scrutinised for what it might or might not mean. What has been fascinating over
Closer to cold and great shape here. Back to monday the first date of the Fourth Quarter and it starts with something we have covered very well. That is the which is the snackfood business. That is a north american serial business. Cheeses, pringles and pop tarts among other goodies that may not be all that good for you. Kelloggs since the breakup was announced. Either way, i can these are agents of economic decline. The government close impacts so it is not as big of a deal but the auto is truly an issue that keeps expanding. If it keeps expanding next week, it will not be all that good. The stocks trade like there will be a deal. When you listen to the united auto workers, he seems like a bit of a capricious fella. Especially when he has the president of the United States walking a picket line. Fords offer has been generous here it is getting really personal i dont like that. And it is not clear whether they will say anything. Remember is to stop inflation, not to boost growth. I dou
Illegal migration at record highs, dissatisfaction with the governments handling of the issue is now at its highest level since before the brexit referendum. The controversial referendum. The controversial Online Safety bill goes through its final stages as reality tv stars are set to descend on downing street to support the controversial new regulation. Controversial new regulation. And well be bringing you the very latest weather updates with alex burkill. Alex burkill. Good morning. A bit of rain good morning. A bit of rain around today and it will feel cooler than of late, too. Ill have more details later. Have more details later. Look forward to that. Unfortunately as always, paul coyte will be here with the latest from the world of sport. And what are we looking at there, paul. 7 well, i dont know whether actually bother telling you. You know, frankly, i dont think know, i frankly, i dont think i care. Paul pogba, hes on all sorts of trouble after testing positive testosterone. A
David faber at the new york stock change well talk about the move and impact on tech, media and m a. Feet futures are up well get housing data in an hour and yellen speaks tonight the Justice Department sues to block the merger with time warner saying it would hurt competition and result in higher prices for consumers at t says it is breaking with decades of antitrust precedent by blocking a merger of companies that dont directly compete with each other. Well talk to the lead attorney in just a few moments. As you heard stevenson say, the suit defies logic and erat cal departure from decades of antitrust precedent. It is surprising even now, that we have seen the lawsuit and weeks leading up to the possibility of it. Remember when the wall street journal first reported the possibility it could be blocked. Many people were like, what, really when this deal was announced frankly, action on the antitrust front was way down the list of potential risks and yet here we are with a case coming
Than 10 down from its high two weeks ago. Should you step in and buy or get away dan . It is tough the stock closed poorly, down on its lows, down 11 from the alltime highs it made just a couple weeks ago it was one of the best stories in the market. I think whats most important to reflect on today, you can try to guess why the s p 500 sold off we know why apple sold off something fundamentally changed. A big part of that i for the last year there has been a notion there was going to be an upgrade super cycle because of the ten Year Anniversary of the iphone last nights results told you there is not going to be an upgrade super cycle. What they did was played a good trick on their most faithful customers, they raised prices on iphones and therefore the average selling prices on the phones they sold last quarter were much, much higher year over year thats fantastic for the company. Meant good margins the concern is they missed by 3 million units. The channel inventory is at its highest