Im Francine Lacqua in london. We have a lot to get through today. We have quite a lot of news. Mark carney and Philip Hammond, and we will get on to brexit. First, let me show you your markets. A lot of the movement we saw in the last hour reports to what we heard from the chancellor and the boe governor. I would suggest it is really what is happening in the u. K. That many to look at. 675. Can see the pound, 1. 2 when it says market matrix, it is basically the difference between the two year gilt yield and the 30 year gilt yield. That curve is kind of flat. The u. S. Dollar, pretty much unchanged at 1197. The two year u. S. Yield, 1. 36. Lets get straight to the bloomberg first word news. Fourter barclays and former executives have been charged with conspiracy to commit fraud. The u. K. Fraud office said john varley and roger jenkins, and oth faced charges, along with the bank. Barclays says it is closed considering his position in relation to the allegations. U. K. , a 47yearold man
I stand before you extraordinarily humbled and honored that the high responsibility that you and the people across the six district had given to me to represent you and the United States house of representatives. Maria President Trumps response to that therese this morning. Its a race against time. Heavy rain and flooding across georgia. Dozens of people rescued after the water rose to chest high levels. A shakeup in saudi arabia to report. 791st in line for the throne. What this means for the future. U. S. Airlines are nowhere near the top of the list for the fall is coming this morning. Amazon tried before you buy a Pizza Company rolling in a new workgroup service. Weve got the details from pram wardrobe. Checking markets this morning. Features indicate a lower opening. Nasdaq down 20. That is a third of a percent. In europe, indices look like this. Similar tone on the downside. Dax and germany done two thirds of 1 . Asia overnight mixed performances. China was up half a percent. Sha
European equities are better and earnings season gets into full swing the real brexit talks begin. Meeting in brussels, promising to go beyond the pleasantries and get into the top issues. And corporate planes and telenor beats expectations as it launches a Share Buy Back and we will speak to the ceo of telenor. Lets look at things out of china. They are beating expectations. This is polarizing they have taken 16 days to come up with 7 growth rate for an economy worth 12 trillion i had a look at the bureau of economic analysis, theyre not getting the First Quarter estimate because they had many revisions of Second Quarter gdp until 28th of july the chinese did it in 16 days. Thats something that bites a lot of you thinking are they accurate statistics 6. 9 higher Second Quarter gdp, beating expectations, very strong figure. Retail sales up 11 . But the outperformers on industrial output as well. Both sides of the economy add into that fixed investment pretty strong stuff. Look at the c
Territory. We will have a look at the markets later. And piggy backing a mobile network. Well be looking at the growing trend of Virtual Network operators and ask whos winning the consumer or the company . And as facebook earnings surge 71 and its number of friends swell to over 2 billion, today we want to know are you a facebook Friend Or Foe and why . Let us know. Just use the hashtag bbcbizlive. I have just sent to a Friend Request, i hope it will be accept it hello and welcome to Business Live. We start in Silicon Valley where it seems there is no stopping the worlds biggest social network. Facebook has seen another huge jump in profits as Advertising Revenues keep on rising lets show you just how big. In the three months to the end ofjune, facebook made a net profit of 3. 89 billion. Thats a jump of 71 on the same period last year and better than wall street was expecting. Injune, the number of active monthly users crossed the two billion mark. That means more than one in every fo
Develop quite nicely in Second Quarter have been helped by nice weather in europe indeed and the time for talk is over u. S. Calls on china to impose sanctions on north korea as President Trump and the japanese Prime Minister shinzo abe agree on action after the latest missile test good morning, everyone, brand new edition of street signs. It is monday, final trading day of july. Fairly positive start here doing well on the manufacturing data coming out of china show you what the european markets are doing. Ftse 100 up. 4 after dax is higher. Lets come back to the sectors i mentioned minors, theyre doing very well among top formers following Australian Shares and manufacturing data. Stable under lying growth despite coming in under expectations basic resources up by 1. 3 banks are doing pretty well this morning. Look at that sector. Up by. 05 beating expectations europes biggest bank announced 2 billion Share Buy Back. Third move in a year should be completed before 2017 and will take