Bringing down the sector with results from quarlcomm overnigh. And bank of england is looking for a 25basis point hike or 50 ill speak with Andrew Bailey at 4 00 ap. M. And wall street futures are coming down with the results from apple and amazon and investors are looking to see how the Performance Division is doing. We have been following Economic Data this morning particularly on the pmi front. Earlier on, we had german and french pmi numbers and now eurozone numbers for july. The figure coming out at 48. 6. The final composite pmi number for eurozone the flash figure had been 48. 9 a slight dip when you look at the services pmi, it is 50. 9. It is expansion territory with the flash number at 51 p. 1 this is the final pmi number that was Flash Services at 50. 9. The flash at 48. 9. Very interesting to take a look at the drawdown with the pmi eurozone activity does ak ex acce accelerate, but a decline with the composite number at 48. 6 versus 48. 9 which is what we have been looking
Sell off, encouraged by solid Quarterly Earnings reports on wall street. And well be getting the inside track on Donald Trumps tax plans, plus what is happening in saudi arabia with our Business Editor, simonjack. And its being reported that scientists have sent a secret message to reach alien life elsewhere in the universe. Today we want to know what would you ask or say to any extra terrestrials out there . Just use the hashtag bbcbizlive. Du toit in and let us know youre out of the world responses. We start in california, where in the last few hours electric car maker tesla has unveiled its latest venture. Founder elon musk hopes to take on the road transport business as he has the car industry with an electric powered truck called the tesla semi. Dave lee was at the launch. This is the new tesla semi. It will travel 500 miles on a single charge and elon musk thinks it will make electric the new king of the road. The thing that looks like its not moving. Is a diesel truck. But he ha
Dollaryen down the 4 10 of 1 . Bitcoin, we were talking 8000, now at 7800. What are we going to make a bitcoin, guys . Its on my board. We will answer the question in these three hours. [laughter] butn i think markets think markets like narratives. They cant build one around bitcoin. Usually theres a story to go with it. With bitcoin, theres no story. Likeu happen to have cabdrivers. Its like gold, bitcoin or gold. David moving away from religion, we will go on with dutch whats inside the business world. Good morning, taylor. The swedish Prime Minister is asking the United Kingdom to clarify how much it will pay the European Union as part of its financial settlement on leaving the block. Heaking at an eu summit, and also raised doubts about whether talks will be able to move on to future relations and trade in december as hoped. Zimbabwe president has made his first public appearance since the military takeover earlier this week. The president appeared at a University Graduation on the
Im wilfred frost. Im seema mody in for sara eisen. Good morning to you. Great to have you with us great its friday. Feels good. Lets check in on the markets. We did get a bounce back yesterday from what has been a week or so of softness with a few pullback days, no significant gain days until yesterday. We saw 0. 8 of gains for the dow and s p. It was a bounce back from some of that softness but also earnings driven, walmart up 10 . A huge gain. Cisco, gap, best buy, some Companies Reporting earnings to beat forecasts we are called lower. The dow down 40 points the nasdaq down a couple points. S p down 4 points. That gain yesterday seems a little bit temporary week to date, the s p before today was up fractionally. The nasdaq is up about 0. 6 . Tenyear treasury note has recovered in the second half of the week in terms of the yield rising the price falling. We did fall to the low 2. 3s earlier in the week. Up to 2. 36 now last friday we closed 2. 4 asian equities climbing for a second
It is 9 00 in hong kong. Foroin, a watershed moment this crypto currency. Futures trading in chicago over the last hour so, and a little bit of volatility when it comes cboe website crashing. This is a pretty significant milestone in terms of this currency or commodity to get mainstream appeal and credibility. We will talk about that later on. We are looking at Central Banks this week. It is a big week when it comes to policy. 15 Central Banks globally, including the fed. Wirp onp the the bloomberg. This is likely to be the third and last of Janet Yellens rate hikes as she exits this role. Dotquestion is whether the is likely to change given a new fed chair. We are 30 minutes away from the open in china and hong kong. David is looking at the markets for us. Im looking at this note saying strap in. We are getting ready for the steepest rate hikes in 11 years. Haidi that is what they are saying. David the bond markets are saying the complete opposite. Has threefor rate hikes on top of de