The energy supplier, npower, is to cut to up to a500 jobs in the uk, as part of restructuring plans to make it more profitable. Three call centres, in sunderland, hull and worcester could be closed. Our economics correspondent, andy verity has more details. Sunderland, where workers used to be told that manufacturing was the past and call centres were the future. Not any more. A few miles away, near the town of houghton le spring, 2500 Call Centre Workers were among those told by npower today theirjobs were going. Disappointment, but its a shame, theres nothing else we can do. Ill take it one step at a time. Im still going to do myjob, still going to do the best i can, and take it from there. Its a heavy blow for an area already reeling from bad economic news. The future does look bleak, to be honest. Youve got tata, youve got british gas. For 2000 people to lose theirjob, what else is going to replace thatjob . Where are they going to go . Its just another nail in the coffin in this a
Well reveal one of the best investment ideas the smart money is getting into. Halftime report starts right now. Welcome on jon, pete, and carey firestone the ceo of arias Asset Management we focus on the russell 2000, which has come alive, confirming to many that the reportsetting rally has room to go the russell outperforms the major averages for the last three months. Certainly since 2018, theres been a significant underperformance whats interesting about 2019 is both for passive and an active funds, youre seeing outflows in small caps a thats qu50i9 contrary the composition of small caps is the problem, so small caps are carrying in overweight to financials relative to large caps, then caring in underweight to technology and consumer discretionary, relative to large caps so the composition is the problem. I agree with the premise in 2020 it could be critical in driving the overall indices higher, and i think you want to have inclusion of small caps and increase your exposure to it y
Maria big show this morning, joining the conversation fox business Dagen Mcdowell, the host of the secrets of wealthy women podcast veronica is here and entrepreneur kevin oleary. Do you want to take money to the sidelines until a deal is done . I come to the conclusion the market wont care because whats really occurring here is we have back tax, valueadded tax on chinese goods and they have been absorbed quite efficiently in the u. S. Economy, every other g7 has a back tax, we have one just on china. I dont care if they continue to ratchet up the tariffs because i think its the right way to get a deal done. Maria youre in on this. People were expecting recession or some sort of recession in 2020, not hearing that nearly as much anymore. Maria absolutely. Whats predicated on that is theres a trade deal, we will see a pullback in market in 2020. Dagen market has told you that the Recession Risk has fallen because the yield curve is no longer inverted and the 10year yield on the treasury
Reporters. Taylor i will take a look at a chart here i am showing which is looking at the s p 500 for the month of december. I know it is only the first day of trading in december. We are off about 0. 8 . This comes after a very good november in which we had our best month since june. If you think about historically where we have been, december 2017, nothing really happened. December of 2018, a big bottoming out. The index lost more than 9 , bottoming out there on Christmas Eve before a big run up which led to the 25 gain or self we have seen gain or so we have seen this year. Is relatively muted. Still early days. We will have to see how the rest of the month unfolds. Called the skew index, the panic index. Last summer, well ahead of the Fourth Quarter volatility, the skew index in white here, highly elevated as the vix index. Stocks took a big nosedive in blue. The vix then caught up. This year, volatility relatively suppressed as the s p 500 going for near alltime highs. Since octob
We live in a Democratic Society and those that would seek to silence us will not succeed. Three other people were stabbed in the attack, and the Prime Minister has been chairing a meeting of the governments Emergency Cobra Committee tonight. Also on the programme. Heated exchanges in the bbcs Election Debate in cardiff, as conservative and labour brexit plans are described as a lie and a cop out. Up to 4,500 jobs could go at the Energy Provider npower. Thousands of students across the world walk out of school, as part of a Global Climate strike. The players deserve huge credit for that. And Gareth Southgate tells us of his high hopes for the england team in next years euros. And in the sport on bbc news, times up for unai emery, sacked by arsenal after 18 months at the club. Freddie ljungberg takes temporary charge. Good evening. Two people have died in what the metropolitan police are describing as a terrorist incident on London Bridge. The attacker was later shot dead. Several member