Of a uk election still looms, despite the governments double defeat in the house of commons 48 hours ago he was leading the chants of stop the coup, let the people vote. Now hes saying, stop the election, stop the people from voting two year treasury yields hit the lowest level since 2017, while Goldman Sachs ceo tells cnbc exclusively a recession could be on the horizon. Bond market is reflecting a sentiment there is anxiety about the prospect of a recession, in the u. S. Less evident in the data, perhaps more evident in a variety of different markets like germany here in europe. But it is possible well, markets are trading a lot more buoyantly overnight, especially on the news that the two sides, china and u. S. , are reportedly going to have a meeting in october thats given a relief rally to asia markets and u. S. Futures as well as were heading into this european session you see there is quite a lot of green on the board already for the stocks 600 after the better session yesterday
If a no deal brexit happens, this is where the greatest impact could be felt. The roads are britains arteries, and lorries, its lifeblood, carrying much of what we need, make and sell. Im hitching a ride to europe. Hi imjane. Matt, nice to meet you. Matt is one of the hundreds of thousands of lorry drivers in the uk. So matt, what have you got in the back . Hanging fresh lambs. Can we take a look . No problem at all. His lamb freom warwickshire is worth more than £100,000. It will end up in france and austria. Its a nice Little Family run company, weve got 18 drivers, with one driver per truck. Were on our way to dover, and over to calais. I dont think people realise the sheer volume that does travel in and out through ports around the country. If theres a no deal brexit, there would be extra checks crossing into the eu matt fears delays. Its going to cause problems with what we carry, its perishable, its all fresh meat, and we cant afford to be sitting, waiting to clear customs. And
Donald trump talking about the prospect earlier. If the country shuts down, which could very well be, the budget should be handled a lot differently than it has been over the last long period of time, many years. But if for any reason it shuts down, the worst thing is what happens to our military. We are rebuilding the military, bringing it toa rebuilding the military, bringing it to a level that has never been at. And the worst thing is for our military, we dont want that to happen. Anthony joins us live washington. What are the main obstacles between where we are in the funding being released . Were looking at a short term deal to extend funding into the middle of february. That has to pass the house of representatives and the senate, and the House Republicans can do it pretty much by themselves because they have a simple majority. In the senate, it will take democratic help, or at least a handful of democrats not outright blocking it from passage. The bill we are looking at now is c
Effects rates despite a higher profit this year. And the end of an era. South africas president jacob soozuma will be reportedly led o resign today u. S. Crude output could overtake that of russia and saudi arabia, thats according to the latest iea Oil Market Report which also predicts nonopec Oil Production will grow faster than demands. Neil atkinson from the iea joins us from paris. Sir, thank you very much for joining the show our colleague spoke to the head of the opec earlier. He said he had reassurances from russia to keep production cuts in place is it fair to say Going Forward the u. S. Will be the largest swing producer in the foreseeable future when it comes to Oil Production . Well, i think most people assume that the opec output cuts, which have been in place since the beginning of 2017 will stay in place for the rest of this year. What were watching at the moment is because the United States is essentially a free market for oil, its production rises and falls in line with