A Little International economy at the present moment how concerned are you that were heading into a fury as far as a recession is concerned well alex a connoisseur are meant to be pessimists but if you look at the hard numbers of the moment its stiff you know to see a perfect storm gathering to clear over the u. K. Economy business manufacturing down in 7 years weve got a weve actually got the the 2nd quarter g. D. P. Is actually stalled its down were well into the 3rd quarter i suspect we may already be in recession in the u. K. Normally your economy if it does have a dip its one particular bit of the economy there gets impacted. All the major drivers of the u. K. Economy are in serious trouble which is just Something International is happening construction nor the biggest new engine of the economy. Lost orders in since the banking crisis of 2008 Consumer Spending thats the big we depend on Consumer Spending retail sales down over the year and not just fall in high street shops the sh
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
He said risen for the afternoon session. Before we go to that lets talk to our correspondent. Welcome to you. Another government have been a recurring theme is that this inquiry and this goes back to him changing a Welsh Parliament issued mobile phone in march 2022. Mil changing a Welsh Parliament issued mobile phone in march 2022. All was fine until that mobile phone in march 2022. All was fine until that phone mobile phone in march 2022. All was fine until that phone had mobile phone in march 2022. All was fine until that phone had a mobile phone in march 2022. All was fine until that phone had a security i fine until that phone had a Security Rebuild and then the whatsapp messages were wiped. We try to retrieve them with the help of the senate It Department and whatsapp itself but they couldnt. He thought they had been backed up but they were not. He says this is a matter of real embarrassment and some regret that the inquiry doesnt have these messages. We also talked about waless p
Refusing to concede this morning saying the recount may be in order. Jones victory come in as republicans make a final push for tax reform. President trump set to deliver a major push on capitol hill urging lawmakers to get the deal done as the house and senate moved closer to a compromise lining up for a possible vote next week. The quest for tax reform coming out. Janet yellen set to deliver a final News Conference as head of the central bank. The Federal Reserve expected to raise Interest Rates for the third time this year. Markets like this going into the meeting was in gains across the board. Dow industrials up 14 points. S p 500 the fraction of those at this point throughout the morning. A look at the european indices than we do see gains for the ft 100. The cac in the dax powered by a fraction. Age overnight bus to age overnight mostly high with the exception of japan trading down one half to 1 . Hang seng in hong kong up 1. 5 . Antitrump tirade outrage after fbi agent who worke
And ben stokes is back. Good afternoon. He is. The ecb have cleared him to return to england to just two days after he was charged with affray. He is likely to be playing in their short form series against new zealand ex month. All the details later in the our. Thanks, hugh. Susan powell has the weather, it is in the news. Lying snow and ice causing problems, buti in the news. Lying snow and ice causing problems, but i think this afternoon for many, pictures like this in edinburgh, the sun is out. But it is the calm before the storm, more strong winds to come tonight and another spell of heavy snow for southern scotland and Northern England. Thank you very much. Also coming up could it be a french stitch up . The grand diplomatic gesture by president macron which means the bayeux tapestry could leave france for the first time in nearly a thousand years and be loaned to britain. But why now . Hello, everyone. This is afternoon live. Im simon mccoy. If yourjob is dependant on the outcome