Some fears over china trade. Retail sails topped expectations in october, climbing by 0. 3 and oil pointed to surging Global Demand in the quarter. Joining us is lindsey bell thanks for joining us. Good afternoon. We mentioned on track for three record alltime closing highs at the moment and also on track for the sixth week in a row of gains for the s p thats a remarkable run. It is absolutely a remarkable run and theres a few things that have gotten us here we have more clarity on the fed. Theyve cut for the third time and theyre willing to maintain the stance where they are right now, keeping rates where they are. The Third Quarter earnings season was very good and weve seen an easing of trade tensions while theres a little bit of uncertainty there, that could rattle the markets going into the end of the year. All things understood, the economic environment though does still feel pretty good. Lets focus on the big stories we are watching today. Kayla has details on those china trade
To u. S. Drug companies. Reinvention as a business overhaul aimed at raising over 2 billion a year through 2022 sent shares higher. And a bitter taste as the hong kong protests hit congac sales and damage first half results. Good morning, everybody. Welcome to street signs. Happy thanksgiving for those of you who are celebrating. Were obviously not celebrating because were here in the studio bringing you the latest on the market action. To recap wall street yesterday we saw record highs for the major eking out gains despite a holiday weekend. We had u. S. Data yesterday, higher gdp numbers coming in at 2. 1 versus 4. 9 also improvement in chicago pmi. So all in all the picture was a little bit better for the data yesterday coming out of the u. S. But one of the major developments overnight was the news that President Trump has indeed signed legislation that passes into law u. S. Support for hong kong protesters that has not been well received by china. And, in fact, the tit for tat sho
Never a dull day thank you very much and. Well the other story that were following is police in britain have been given extra time to question a truck driver after the bodies of 39 people were found in his vehicle just east of london on wednesday its been confirmed that they were all chinese citizens the bodies were found in the train or in essex after it had arrived from a port in belgian lawrence lee has the latest now. Well the news of the day that the 39 were chinese has led to media speculation that they could have been weak as from the west of china the leaders of course heavily persecuted by the Chinese State there are weaker refugees already in turkey there are overland routes towards western europe through turkey through comes like bug area and greece and so on the belgian and the british Authorities Say that they notice to spike in attempts of people trafficking from belgian since the french authorities closed down the camps in cali and dunkirk and so it seems the criminal ga
What is happening in the World Economy. Working off a couple signs that the Global Economy is losing momentum. We are also getting october area manufacturing pmi instead of the forecast of 46 pounds. Its all to do with the extension. Were hoping and waiting to hear from the eu. We are getting a couple of key decisions and we have the ecb a little bit later today. All eyes on mario draghi for his last News Conference. Bank norges bank leaving its key rate unchanged. Shares are down 22. 5 and we will have a full roundup of all of your stocks. Coming up, we speak to the acting chief executive of air shuttle in about 10 minutes. But first, lets get straight to first word news in your city. Agree theysadors should accept the eus request for a third extension of the brexit process. Splitey are reportedly over how long to grant the extension. The french are pushing for a tight deadline but many other countries want to permit the three months officially asked for. Johnson was forced to ask for
A Turkish Backed fighters went into the southern parts of outside of the ceasefire zones and carried out attacks in the areas south off the lobby and russell and this is being denied by the Turkish Military saying that it was actually the kurds who started incursion into this area and they retaliated at least 5 turkish soldiers have been killed as you have says because of the advanced number of civilians had to flee the area as well and sites this is the 3rd blast that weve seen in the last 24 hours in Northern Syria the 1st when the then then and now into law this is an area controlled by Turkish Backed arab fighters called the Syrian National army and they say that because it happened in the early hours of the morning there werent that many casualties so it goes to show how precarious the situation is on the security front to be seen more patrols by Russian Military police backed by Syrian Forces happening in various towns in kabbani in ras 9 in other parts which is outside of the zo