Reporting doing some on Bloomberg News outside the old nike store. It is a pop up for tiffanys as they blow up their iconic fifth avenue 57th street shop. You wonder what the french will do with tiffanys. Its going to be fascinating. In new york, i know on bond street is a different layout. Icons arese luxury within literally two buildings of each other. It will be fascinating to see where they are after the pandemic. Francine same here, tom. Here it is bond street, and we talk about that segmentation, different jewelry categories for different segments of the population. Always a good it did to buy jewelry. Tom i thought schlumberger a was an oil company. Thats how dumb i was. Francine more luxury throughout the day, and politics. Lets get to first word news with ritika gupta. Zeta hasurricane weakened to a Tropical Storm as it heads through the southeastern u. S. , battering new orleans, left to Million People in the dark, and left President Trump to declare an emergency for mississi
Multiple seeking challenges in the rise of yonperforming loans, so m second question is on banks. The general counsel discuss the onond containment measures european banks . Thank you. Thank you very much for your question. Tltro is a longterm refinancing scheme that is really intended help the financing of the economy because banks are offered very attractive terms in order and provided that the lind to the economy. It is not that they lend to the economy. It is not that it was a very generous package of refinancing without any conditionalities. The banks are going to only be eligible to the very attractive rate of 100 basis points provided that they lend at least as much as they did to the economy. So that is number one. It is an encouragement to finance the economy. And all sectors of the economy, not just large corporate accounts. It is focused on small and mediumsized enterprises. Through the enlargement of collateral pools, we make sure it can reached the small osborne orders and
U. S. One report says the case has already been pulled. Jack ma seeking more than 17 billion in hong kong as a dual listing. It says it does not need cornerstone investors. We have the latest on this blockbuster sale. Shery he was futures coming online flat after u. S. Stocks fell to an eight week low in the regular session. Warnings from various fed officials of the need for more fiscal stimulus. We saw the selloff continuing. Volume below the average over the past 30 days. 11 sectors on the s p 500, all of them lower by more than 1 . Energy the worst performer as we continue to see Dollar Strength rising against every g10 peer to a seven week high. Oil is extending its losses. We saw some gains earlier in the new york session stop bullish york session. Gains limited by fed speak over the economic recovery. Haidi lets look at how the Asian Session is shaping up. Taking a look at new zealand stocks, we continue to process the rbnz rate decision. A steady beat of the drum roll toward po
Though get even just on 5 oclock in moscow you with r. T. International now it is day 12 of the conflict between us of the shannon armenia over the disputed nagornokarabakh and the hostilities are beginning to have a devastating impact on civilians both sides have released their latest combat footage which youre seeing right now but its not only the soldiers on the frontline who are losing their lives there are also many civilians being killed too according to the regions officials half the population living in the Golden Academy back have had to flee the region since military operations began over a week ago our correspondent dan of visited one town on the border which is hosting armenian refugees. The latest escalation in the womb. When a girl and i care about has now stretched far beyond the front lines neat sleepy villages then towns on the home front some populated only by cattle shepherds and farmers have been battered by artillery fire and drone strikes have. Turkish would have.
Vice president ial candidate Harrison Mike pence have faced off in their thirst and only debate in this election and there were some high flying moments to break it down for you shortly. Hello theyre just gone 6 oclock here in moscow youre watching r. T. International now russia has cast major dax o. B. B. Evidence the west claims it has that proves kremlin critic alexina family was poisoned with the north be chocked nerve agent is a had previously said that she had taken a suspect water bottle from his hotel room to germany but moscow now claims it never left the country with more details his saskia tape. While the song involving russian opposition figure Alexei Navalny has been even more in tangled an Ongoing Investigation by local russian authorities to have conducted so far on 230 into hes trying to get to the bottom of what happened on that flight from siberia to moscow in late august has brought a new turn crucially findings reveal of all the costs of doubt over what has been dub