Bowls under debartolos leadership. The president is also set to commute the sentence of wrongful cleavage, who was sent to prison for corruption. Blue boy of it, a democrat, was convicted for his alleged efforts to auction off the u. S. Senate seat left vacant when barack obama won the presidency. Is slappings sanctions on a unit of Russian Oil Giant Rosneft for helping venezuela skirt embargoes on its oil. Senior Administration Officials warned anyone in the world doing business with rosneft could also be sanctioned. It is part of the campaign to push venezuelan president Nicolas Maduro to step down the worst locust outbreak in parts of east africa in 70 years has reached south sudan. The outbreak is threatening to decimate crops and a country where about half of the population is already facing hunger. The locusts have traveled in swarms the size of major cities. Officials say the number of insects could grow up to 500 times by june when dry weather begins. Global news 24 hours a day
Explaining that. Later, in honor of valentines day, tim seymour is going to do his best cube ed impression and tell you which storks on wall street you should love power lunch begins right now. Thank you, tyler welcome to power lunch, everybody. Im kelly evans and stocks are pulling back from record highs major indexes are still on track for second week of gains in a row and best month since june. Dow down about onethird percent now. Look at boeing one of the reasons why near session lows and down more than a percent on news that united says its canceling all 737 max flights until september now. Boeing down 1. 25 . Get to bob pisani at the new york stock market looking at damage done to the s p below the surface. Bob . Yeah. Boeings not helping caterpillar, ibm not helping today. Pointing out, kelly the right. Still up 1 for the week despite all these concerns she you the s p for the year new highs the other day. 4 were gain for 2020 so far thats quite impressive given all the issues w
Welcome to daybreak europe. We will see a little bit of selling in the asian session. A lot of read on the screen. Rates of korea cut kept rates unchanged, but cut its Growth Outlook. The bloomberg dollar index, we have seen an eightday winning streak. The sixthweek high for the bloomberg dollar index. Steady as she goes. Taking a look at equity markets in terms of u. S. Futures. The markets were closed for thanksgiving yesterday. Stock and bond markets. Futures under pressure for a second day. We saw europe close lower, too. Oil, just a little weaker, but it is heading for a fourth weekly gain ahead of the opec plus meeting. Opec and its allies are expected to extend the current supply pack rather than deepen those reductions. Following president trumps signing of the hong kong bill, there is one big question left unanswered, how would china hit back . The Foreign Ministry has issued a threat of retaliation, but they have been vague on details. Beijing will set the future course of tr
Particular pressure early in the session, but paring some of those losses, down by about 0. 3 right now. We had seen the pound gaining on the back of those polls i mentioned in the headline, but that seems to be shortlived. Now we see a fairly flat pound. 1. 2916 is where we trade on the u. K. Currency right now. Lets check out a bloomberg first word news update. Heres leighann gerrans. Ighann beijing told the u. S. Ambassador to quit meddling in hong kong affairs. The chinese also warned the bill could affect cooperation in important areas. The u. S. And china are in the midst of negotiating a trade deal. The white house is pushing to wrap up negotiations on a new trade deal with mexico and canada. The agreement known as usmca has become President Trumps top legislative priority. The administration and House Democrats have been locked in talks for months to secure a vote before the end of this year. Democrats want more enforcement of labor issues. Both mexico and canada say there has
Phase one could be coming soon. The fast fashion sector is under the spotlight today, as one of its leading players gets ready to tell us its latest financial results. The british giant primark helped spearhead the rise of the industry, and its performance will come in for major scrutiny as the sector faces increasing pressure. British mps have scrutinised fast fashion and made a series of recommendations. These include a penny tax on every garment sold, in order to help fund more recycling, and moves to ban the incineration of unwanted clothes. In the uk alone, consumers send around 300,000 tons of clothes a year to incineration or landfill. The Environmental Campaign Group Friends of the earth says up to 64 of fabrics we wear are now synthetic, and these are damaging when burned or sent to landfill. The fashion sector employs around 60 million workers. The Walk Free Foundation estimates a0 Million People are living in modern slavery today, many of them in supply chains of western clo