Hold onto a recent rebound and global stocks head for a second week of losses. The European Union is giving Boris Johnson until the end of the month to back down on his controversial brexit bill. Cable holds at 1. 28. And citigroup names jane fraser ceo, making her the first woman to run a major wall street bank. She faces the challenge that alluded her predecessors, boosting the banks profitability in line with its rivals. Just under an hour away from the start of cash trading in europe. Lets take a look at where futures are pointing here on the dax, ftse, and euro stoxx 50. Futures all pointing down, although slightly lowered right now, with ftse futures off by about 0. 3 . Take a look at u. S. Futures quickly after the drops we saw yesterday, almost 2 drops. We have a bouncing futures bounce in futures. Anna lets have a look at some data out of the u. K. We are getting monthly gdp data. The u. K. Economy growing by 6. 6 in july. It is almost in line with the estimate of 6. 7 . No su
A damaged child cancer treatments. The u. S. Has failed to persuade the Un Security Council to extend an arms embargo on iran it means that terror will soon be able to trade weapons without un approval the bid was the latest attempt from the u. S. To clamp down on the rein in arms sales accusing terror on of sponsoring state terrorism well the arms embargo is set to end on october 18th 5 years after the signing of Irans Nuclear agreement with world powers but the u. S. Wants it extended indefinitely thats been opposed by russia china and some other members of the Security Council washington insists it wont let the embargo and sect of state might pump aoe says the u. S. May now trigger a so course not but clause that restores all u. N. Sanctions on iraq will christensen image on us live now from u. N. Headquarters in new york kristen so this u. S. Sponsored voters failed was this expected and talk us through what exactly happened. Well we know that the chinese and the russians were expe
U. S. Efforts to extend an indefinite arms embargo on iran have failed at the United Nations unless further action is taken starting in mid october iran will be able to purchase conventional weapons christine salumi has more now from u. N. Headquarters in new york it was a quick an unceremonious and to the United States efforts to extend the iranian arms embargo that is out of the war if that follows. In favor to watch again 11 at abstentions that draft resolution has not been a doctor. Every failed. Number in a statement u. S. Secretary of state mike pompei o called it an inexcusable failure saying quote the Security Council paved the way for the worlds leading state sponsor of terrorism to buy and sell conventional weapons without specific u. N. Restrictions in place for the 1st time in over a decade under an agreement negotiated by the 5 permanent members of the Security Council and germany aimed at stopping iran from developing Nuclear Weapons the 13 year old ban on conventional we
Protect, and exercise this sacred right to vote. Thank you and be safe. Democratic congressional leaders under the white house failed to reach an agreement on friday, so President Trump signed executive orders for Coronavirus Relief, including a payroll tax holiday, student loan deferments, eviction protections, and Unemployment Benefits. From the Trump National golf club in bedminster, new jersey, this is half hour. Pres. Trump ladies and gentlemen, the president of the united states, donald trump. I already, my administration has enacted over 3 trillion in historic relief, saving many tens of millions of dollars in jobs and you see how fast the economy is coming back. It does look like it will be a very sharp v. Tremendous enthusiasm, tremendous spirit, and tremendous job growth. We set a record on number of jobs in the last three months, the most jobs ever created in a threemonth period. Thats great. Ive signed two bills that are great for our vets. And veteransce accountability, an
Here are your top headlines from the bloomberg terminal. The fed flags the risks. Global stocks slide. U. S. Central bank minutes say the virus will weigh heavily on Economic Activity. Also betes will released later on today. The u. S. Suspends its extradition treaty with hong kong. Beijing and washington are also set to play in resumption of trade talks after last weeks flop. The eu rejects the results of the belarusian election. The block falls short of calling for a fresh bowl even as eight individual members back that kind of mood. Move. Lets take a look at futures. We are seeing red across the board in terms of european futures. More than 1 drops on the euro stock. Ftse very widely traded. Dax futures in frankfurt. Acrossseeing red arrows u. S. Futures as well. Still looking at drops their. 0. 5 on s p, dow jones, and nasdaq. Anna . Anna we see the European Equity market having to catch up a little bit. Lets get to breaking news in london. Too late is where they operate. Numbers c