Stock exchange. We await for a fed meeting to begin tomorrow. China slips 3. 5 overnight. Japan leaves policy unchanged. Back here, retail sales okay. July revised up. Good auto sales offset by lower spending at the gas stations. Ahead of the rate decision, former central bankers are out today with more pronouncement force the fed. Asia continues to suffer. Shanghai down 3 as the bank of japan holds on a rate move. An upgrade forfe fitbit. More data for the fed to digest ahead of the twoday policy meeting set to get underway tomorrow. Retail sales up 0. 2 . Last month stripped out auto sales up 0. 1, that marks six consecuticon seco consecutive months without a decline. How does this get digested at the table tomorrow . The areas that are strong in the economy are rate sensitive. Autos, housing. I know a lot of people say bring on the rate increase. But you just mentioned where the strength is. That strength can be taken away. It can be taken away by a belief that unless the statement
Yield . What are you guessing . Around 2 . Lets take a look and see if youre right. Yep, we manage no were at 1. 8. Pardon me for that for forgetting how low we had gotten over the last week or so in terms of what it does cost the u. S. Government to borrow for ten years. Still well better if you compare to france bore rogue. 635 or italy at 1. 6 . Road map this morning starts with Morgan Stanley suffering the same fate as breaththren. Well break down results for you. Johnson johnson posts mixed quarter. Hurt by what else strong dollar. And around the rest of the world, imf cutting its outlook. China posting its slowest growth since 1990. And qe that is certainly on the docket, isnt it for europe this week. Lets start with Morgan Stanley. Its the latest Financial Firm to miss on quarterly results, at least according to what the analyst whose follow the company had expected. In this case hurt by what appears to have been weaker trading revenue out of its fixed income unit excludeing ite
Bullard tells ft the end is overdue. The 300 point drop for the dow, euro tumbling to 12year low. Will the trend continue . How much cash will banks be allowed to return to shareholders . Results coming from the fed as investors wait to see which banks capital plans will be improved. Changes in google. A new Branded Store in london a potential acquisition. Futures higher a day after the selloff on wall street sent the dow and s p back into negative territory for 2015. The euro falling below 1. 06 after the ecb kicked off qe earlier in the week. Talk about parity and the last time it happened how long it lasted. Even you writing about the time you went to paris. 90 cents is where it came when it was 2002. I went to paris in july of 2008 it was 1. 59. It was the exact top. I remember thinking this Hotel Room Cost an absolute fortune. People forget weve been there before. We have been there before, it was okay. We decided to debase the dollar. So, even though this is historic, its histori
Today a pair of deals. Endo buying parr pharmaceutical and for just over 2 billion. And potentially a third in the making i can confirm that they have resumed talks around a possible deal. Well have more timely to help, tim cook tells graduates not to live lives on the sidelines while apple acquires a gps startup. The dow and s p just shy of new alltime intraday highs. The dow, as we said about 16 points away from record territory. People wonder if this is the breakout of the wedge weve been watching for so long jim. Its certainly possible. We saw things last week that were really kind of very positive for the market. One, Interest Rates were good. We need them higher because the financials roared last week. The other thing that roared were the health care stocks. We still dont have the transports. I know that i was doing some work on the oil lines on the train lines for oil, with rbn, which is my energy source. There theyre going to be challenged. So we need the rails, but the health
Billions of pounds, what ever it needs, what ever it costs, we stand behind our nhs. The disgraced movie mogul Harvey Weinstein is sentenced to 23 years in prison by a judge in new york, after being convicted last month of Sexual Assault and rape. The coronaVirus Outbreak has been declared a pandemic. Heres the who earlier. We are deeply concerned both by the alarming levels of spread and severity and by the alarming levels ofan severity and by the alarming levels of an action. We have therefore made the assessment that covid i9 can be characterised as a pandemic. This is the first pandemic caused by a coronavirus. And we have never before seen a pandemic that can be controlled at the same time. You will see coverage on the bbc news website of this announcement. There are various definitions of pandemic the bbc says the term describes a disease that is spreading in multiple countries around the world at the same time. But what does this change in categorisation mean . Heres the bbcs ph