There are some things moving including the likes of nike which received an upgrade. Weaker by 2 10 of 1 . Reports, well the will see how that plays out. Is weaker byira almost 1 . We will talk details in a few minutes. There was a deal. The active investors here. They have agreed to sell their Management Services business to some private equity investors. European markets, european stocks are down by half of 1 . The pound is also down. We had a massive rally on friday. The turkish index, the stock market, down by 5 . What istalk more about happening with turkey and syria later. Lets get to the main story. China, once more talks have fallen citing the president s phase one deal. Steven mnuchin says more talks and negotiations are on the calendar. We are joined by George Saravelos, Deutsche Banks global head of fx research. I real risk rally. We saw the brexit story and the trade story, both are faltering this morning. Lets talk about the trade story. There is confusion as to whether or
Valid but the owner for impact is definitely manageable thats a go offline we are quits and go. Well way is at the center of the year long u. S. China trade conflict donald trump placed the company on a blacklist in may which restricted access to u. S. Technology and to the american market. While way did not reveal what impact this band had on its bottom line. Conan is following this story for us as we heard there while he was blacklisted until may so how telling are these as well i think theyre quite surprising given that we were expecting to be a lot worse and the head of huawei the founder of himself warned it could hit 25. 00 make a 25000000000. 00 hole in the figures i think its yes we have weve had a few months before the before the blacklist came in on t. V. They did very well but theres also signs that consumers kind of rallied around particularly in the home market right and they and they really started buying weiwei phones talking about the domestic market is way winning beca
China trade conflict donald trump placed the company on a blacklist in may which restricted access to u. S. Technology and to the american market. While way did not reveal what impact this band had on its bottom line. Kernan is following this story for us as we heard there while he was blacklisted until may so how telling are these as well i think theyre quite surprising given that we were expecting them to be a lot worse and the head of huawei the founder of himself warned it could hit 25. 00 make a 25000000000. 00 hole in the figures i think its yes we have weve had a few months before the before the blacklist came in on t. V. They did very well but its also signs that consumers kind of rallied around particularly in the home market rise and they and they really started buying weiwei phones talking about the domestic market is while way winning because its been managing to even market its own phones as the back and forwards on that black list and the phones that some consumers around
Germanys business conference figures that is a test below figures. Figures. H low a lot of numbers out there. The ecb is what people really want to know about. The treasuries edging higher. A surprise in ecb policy that will play out on eurodollar. Currently at 1. 1126. And the weakness of that economy. This ahead of later mario draghi. We will be seeing that press conference. Lets get to bloomberg first word news with viviana hurtado. Viviana Boris Johnson clearing out more than half of theresa mays top team. A stream ofidating brexit enthusiasts into his cabinet. Becomes l counselpecial u. S. Robert mueller largely disappointed democrats with his testimony yesterday. Some wanted him to read aloud potentially damaging parts that he declined. Trump. Resident Donald Mueller didnt offer any clues. Bernie made off asking trump to shorten his 150 year prison sentence. The 81yearold is hoping to finish his fight and freedom. Made off was jailed for running the biggest ponzi scheme in histor
The new Turkish Central Bank chief turn out to be president pull. Its. Existing business on. Facebook shares have been rising in extended trading after. Beating 2nd quarter revenues of almost 17000000000. 00 this just hours after u. S. Authorities hit the social network with a spectacular find the u. S. Federal trade commission ordered facebook to pay 5000000000. 00 over its failure to protect use a date of the f. T. C. Also meant mandates at the network to set up an independent committee to oversee its Privacy Policy c. E. O. Mark zuckerberg says his company was in the process of making major changes that signal a quote new chapter for facebook. He is standing by in frankfurt chelsea weve seen Companies Hit with big fines a lot recently and shares usually went down on the news if the underlying numbers were still good why is it different this time. Thats fair for a lot of companies but these big tech giants they sort of are exempt from those rules and particularly with facebook people