Enough. And more signs of stress. The fed will add liquidity to a vital corner of funding markets for a fourth straight day on friday. Later, huawei unveils an android powered smartphone without any google apps on the device. How the u. S. Ban is holding back the techtarget. First, we are seeing u. S. Futures at the moment unchanged after u. S. Stocks ended mixed on this thursday. We have seen stocks gained ground after positive comments on trade coming from the white house economic advisor, larry kudlow, but then those stocks pared back earlier gains after we heard from a trump advisor hinting at 50 to 100 tariffs on chinese goods. Also not to mention energy was under pressure today by the fact that oil stabilize, but we had two sessions of losses for crude prices, so the Energy Sector was down. The dow lost more than 50 points, the s p 500 unchanged and we also had a bond rally for a fourth consecutive session. We have seen, as paul mentioned, the oecd cutting Global Growth forecast,
U. S. Officials say there is a lot to be done if the two sides are to reach a deal. Some of the biggest backers of Softbanks Vision Fund appear to be having second thoughts. We are live in san francisco. Shery lets get you started with a quick check of how wti crude is starting to trade at the moment. We are seeing a little bit of pressure, down 1. 7 . Still above the 60 a barrel level. This coming up to the biggest gain since february of 2009. 13 jump after those drone attacks on Saudi Arabia Oil facilities. Also at a time where we saw a decline last week of 3 . We continue to see this demand picture not so clear for the oil markets given the ongoing chinau. S. Trade tensions and the ongoing slow down of the Global Economy. At the moment, we are seeing a little bit of pressure from wti, down 1. 7 . In two hours, we will get you an update on how brent starts trading. We will take a look at how the saudi attacks are playing out of the oil market. Nasdaq Corporate Solutions director of e
we begin this hour in washington where president biden and speaker mccarthy are rallying support for their tentative deal to extend the nation s debt. the agreement will likely need votes from both republicans and democrats to pass the house. mccarthy says the vote could come as soon as this wednesday before it heads to the senate. just moments ago, president biden said he is confident this will pass both chambers of congress. the speaker and i made it clear from the start that the only way forward was a bipartisan agreement. that agreement now goes to the united states house, and to the senate. i strongly urge both chambers to pass that agreement. let s keep moving forward on meeting our obligations and building the strongest economy in the history of the world. in the meantime, majority leader chuck schumer is alerting his conference they should be prepared for a final vote in the senate as soon as friday. mccarthy also talked with senate republicans this afternoon, tel
all right. welcome to our viewers in the united states and around the world, i m christine romans. this is early start. we begin with ukrainian forces struggling to hold on in the eastern city of bakhmut, as russian troops close in from three sides. ukrainian officials say the situation in bakhmut has grown much tougher. they say their forces may need to retreat to avoid being trapped by encircling russians. cnn s scott mclean is tracking this story for us from london. and, scott, what are the chances the ukrainians will be able to turn this around? and if they can t, does that mean russia is back on the offensive. so, christine, good morning. it really depends on who you ask. because last week there were plenty of indications that the ukrainians may in fact be forced to withdraw from that area. a drone reconnaissance university has been ordered to retreat from the area. you also had a key bridge by the russians kiting off the ukrainians final supply routes in and out. a
and it s not just and it s notjust the uk temperature record that is likely to topple today and tomorrow. we are also looking at individual records for scotland, england and wales all being broken, and if anything tomorrow looks like it will be a bit hotter than today. i will have all the details throughout the programme. good morning. farms across the country, like this one in suffolk, are already dealing with a very dry first half of the year, as you can see from the reservoir levels behind me. now comes the heatwave. i will be looking at the effect it is having on the food they produce that we all rely on. also on breakfast this morning, one of the conservative mps vying to be party leader will be knocked out of the running today, when the latest round of voting takes place. in sport, how rory mcilroy let it slip away on the final day at st andrews, as cameron smith pockets a cool £2 million winner s cheque for winning the open. good morning. welcome to cambridge where th