Surgeons as the daily virus death toll drops. We get pmis from across the region throughout the program. Fragile sentiment. Stocks fall amid political sparring between the u. S. And china. President trump promises a conclusive report following allegations the coronavirus began in a wuhan lab. This crisis is different. Warren buffett explains why he has not put his record cap trial to work as companies clamor for liquidity. Futures equity markets, to the downside. Matt miller is with us from berlin. Futures suggest we will see some weakness at the start of trade. Matt absolutely. We are looking at euro stoxx 50 daxres down 3. 5 , as our futures. Ftse futures trading down. 5 . Nonetheless, in the red this morning. If you look at u. S. Futures, you red as well. U. S. Futures down about 1 across s p, dow jones, and nasdaq emini contracts so it does look like we are headed for a riskoff monday to kick off the week. Just under one hour away from the start of cash trade, as i said, and we exp
Talking about what is happening with the coronavirus and appointing Vice President pence. As he was speaking, one of the cases of unknown origin that happened in europe as predicted if you look at the treasury now, you see the 10year is yielding 1. 297 . Not negative yet. President trump speaking about preparations last night. We are very, very ready for this whether it is going to be a break out of larger proportions or whether or not we are at that very low level and we want to keep it that way he has tasked Vice President mike pence he also addressed the market response i think the stock market will recover. The economy is strong, consumers are incredible thats why we are doing well and other countries are not even before the virus our consume rp is very, very strong very powerful economically. And the president put some of the response of the dow to the democratic convection. Are you suggesting Financial Markets are overreacting here . I think Financial Markets are very upset when
Lets catch up on what the market has done overnight. The big issue is oil, back in the bear market. It is currently down 20 off its highback in june, when we reached the high. Clearly, china is weighing into that once more with concerns about too much supply and where demand goes when you have the pmi coming out of china. If missed every single economists forecast. We saw doing even worse than had been expected. I will also bring you uptodate with some of the market moves we saw in terms of closing on the equity market. The commodities that is feeding into the market, the s p 500 off by nearly a half a percent. Meanwhile, the european stoxx 600 is off. They have been slumping for three days in a row. That brings us to our twitter question of the day. Let us know how much further does the commodities route have to go . Tweet me. I want to know your thoughts and what you think good oil go even further than a 20 decline . Of course it was disappointing in china when preliminary pmi fell t
Correspondent, rory cellan jones, if the little guys can ever compete. And well get his views on all the other big stories of the week. As donald trump is matched with your account is shut down by an employee on the last day of work, we want to know what you have done as a parting gesture on your last day. Nothing too rude please. Use the hash tag, business live. Hello and welcome to business live. We start with apple. Its already the worlds most valuable Public Company worth getting on for 900 billion and counting. Now its shares have hit a new record high after it revealed a big jump in profits and forecast strong sales for the all importa nt holiday season. Lets show you the details. Apple made a profit of 10. 7 billion in the three months to the end of september up around 19 on the same time last year and well above what investors were expecting. At the heart of it all is the iphone. Apple sold over 46 million of them across the world in the three month period up 2. 6 on last year.
Account is closed for 11 minutes by a member of staff on their last day. Hello, a very good morning to you. Its friday the 3rd of november. Welcome to bbc newsroom live. The storm over allegations of Sexual Harassment labour has suspended an mp. He has yet to comment on the claims. His promotion to the shadow cabinet last year after the complaint was first made and he was reprimanded by the party has been criticised. Labours Leaderjeremy Corbyn refused to comment when approach this morning. Good morning mr corbyn. Goodbye. Did you know about mr hopkinss behaviour . Are you aware of the allegations against him, mr corbyn before you promoted into the shadow cabinet . Were you aware of the allegations against mr hopkins, sir . Goodbye. Meanwhile the former defence secretary Michael Fallon says he categorically denies the claim he made inappropriate comments to Andrea Leadsom. She herself is yet to respond. Well, we have been speaking to our correspondence in westminster very soon. But a l