Including signals from london and brussels that a brecks a deal is imminent but sticking points over the irish border remain. Also ahead hold off the political stage hong kong is embattled leader is forced to abandon her annual policy speech. Im going to get you off go with the sports olympic officials move next years marathon from tokyo to escape the city state. Hello the u. S. Is dispatching Vice President mike pence and secretary of state mike on pay 0 to turkey hoping to convince its a hole to its military offensive in Northern Syria for President Donald Trump appears to be talking down americas role in the crisis saying syria and turkey will hopefully work it out by themselves turkey launched the operation a week ago after trumper broccoli withdrew support from kurdish allies for kurdish allies which turkey regards as terrorists. Tiriel doesnt want turkey to take its land i can understand that but what does that have to do with the United States of america if theyre fighting over
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The department of justice argued the release of civil liability is not authorized by the bankruptcy code. Purdue is optimistic the Supreme Court will agree which the cas
First rate cut expected. We will bring you the comments of Andrew Bailey. And the chip designer arm faces a disappointing forecast with fears of slowdown in a. I. Demand welcome to street signs. We open with the spanish banking saga bbva is making a hostile bid for the rifleval with the deal rejed by sabadell board. The Spanish Government says it opposes the move and the proposed merger could create a financial instability. The deal with the two businesses makes sense to bbva and it is an attractive deal. We heard from the ceo yesterday who said there are challenges to domestic consolidation in the Banking Sector this is difficult to make a friendly transaction if you are in a position to be a 50 million euro market cap. This kind of transaction usually goes through a tender offer and probably more style than friendly that is how you do a deal. That is the reason p why it is o easy to do a consolidation this is something that is not so easy to do thats also what you have to remember at
Face a very strong head wind. Two suspected terrorists are killed in a raid by belgian police. The threat level has been raised across the country. Welcome to countdown. The Oscar Nominations are up. Bird man and the grand Budapest Hotel top the list. The Swiss National bank lifts the cap against the euro. Japanese stocks have been falling as the yen traded at its strongest in three months against the euro on increased demand. Sovereign bonds and gold hit near fourmonth highs. This was frank is trading at close to parity with the euro. The countrys government warned about the impact of the s p decision on exports and tourism. Shares in swiss exporters went down. The swatch ceo describes the action as a tsunami about to hit the swiss economy. For more on the ramifications and the impact we go live to hans nichols. We are hearing many industry voices talking about this. Analysts and the markets were blindsided. That was the whole point. The Swiss National Bank President said that surpris
It is about japan once again. Certainly is. Not its credit plan one on one percent on forecast for the Third Quarter. The yen is at 103, that is the reason why you are seeing dramatic gains from exporters today. Goldman sachs also help that. New zealand and australia marginally lower. Japan is the one to watch right now. Are i mentioned before yahoo japan. A buy from Goldman Sachs helps that. P by 8. 2 , upgrading goldman really backing yahoo japan. You have these also rising as well. In australia, we have qantas falling once again. To junk lastrade week after the last forecast. Virgin australia falling with that. Singapore airlines is marginally up. Unemployment rates falling to seven percent and china, exports beating forecasts. Good. Igures, japan not so thanks, john. Bought more europeans bought a lot more. Good morning, we are talking 33 point 8 million for the month of november. If you take a look at the exports, europe beating analyst estimates, rising from a year earlier. Impor