Germany is set to rein in public and private parties. Its inflation rate falls further below zero. The ecb may need to do more. Christine lagarde speaks in 90 minutes time. Disney cuts deep. They will lay off 28,000 workers at its resort business, leaving one of the deepest economic scars of the covid era. Welcome to the program. Just gone 7 00 in london. Waiting for data to come out from the u. K. Economy and some news expected from shell. Lets get to the u. K. Data first. This is the final reading on u. K. Gdp, coming in not far away from where we anticipated it to be. Estimate was 21. 7. 19. 8 percent for the quarter on quarter numbers. These are all negative. A retreat of 19. 8 in the second corner. The estimate was 20. 4 . Thats just a small detail. We are dealing with incredibly large negative numbers. They are very backward looking. The real question will be, how does that data perform . How has the economy performed since the Second Quarter . How will liberal perform as we head
President trump warns he will smash the turkish economy. Hong kong calms down after a long and difficult weekend. Leadership in beijing should meet protesters. Get you across some breaking news out of south korea right now. This is the current account balance for the month of august, and it is coming in, contacting on the july figure. Billion. In july, it was 6. 9 billion. We have seen rather disappointing export numbers out of south korea, but however, the current account remains in surplus after the chart, dipping into deficit back in may last year. It is trending a little down. The trade war is weighing on career. The current account balance for the month of august, 5. 265 william dollars. Chari. 5. 265 billion dollars. Shery the Trump Administration put 28 chinese entities on a new trade blacklist. The s p 500 was down. 5 in the regular session. Major indices ended in the red and they were fluctuating between gains throughout the session but we had energy and Consumer Staples leavi