Saying the u. S. Is winning the trade war with china, but the u. S. Deficit is set to balloon. Toeing Warns Companies to the line if they want access to the mainland economy. Get you started with a quick check of how markets closed the window session. Stocks were higher. They pared back some earlier gains. The s p 500 ended. 8 higher with every sector on the s p 500 and the green. Retailers were also hired. Today, we saw the bloomberg retail index at a threeweek high as we saw some positive s and target, lowe not to mention we saw that rally after we saw home depots stronger second half. That theyes signaling were ready to ease but not really hinting that this july rate cut was the start of an easing cycle, so twoyear treasury yields rallied. Treasury yields unchanged at the moment, so lets see where we are starting out the asian session. Sophie we are setting up for potentially positive gains with more earnings on tap for the region as well. We have a new zealands report card to consi
to a lack of power. expressing his concern on monday president biden is that hospitals must be protected. at the un also says it will run out of fuel in gaza as soon as tuesday. making it impossible to distribute aid to the more than 2 million people in the strip. see international corresponded orla guerin has more and awarding the report contains scenes you may find distressing. war is closing in, and they are running out of time. these premature babies at al shifa hospital, fighting for life without incubators. since these pictures were taken at the weekend, several babies have died at the hospital, according to health ministry officials. the hospital grounds already look like a war zone. palestinians say this is the aftermath of a recent israeli air strike. israel denies targeting the hospital. but the us presidentjoe biden has intervened, saying al shifa must be protected and he hopes there will be less intrusive action. crammed inside, along with 600 patients, about 2,00
global stocks return as investors cite concerns over the spread of the deadly virus from china. the yuan weekends at the most in three months weakens the most in three months. we will hear from the ceo of this company, sergio ermotti, in thre a few hours. theyrench president says will work with the u.s. on an agreement to avoid tariff escalation. as president trump s impeachment trial begins he will address the world economic forum, in a davos today. we will bring you the speech across bloomberg tv and radio. welcome to daybreak europe. let s get to the numbers from ubs. it was a beat on a fourth-quarter net income. investors are likely to focus on earnings per you share missed its profitability and also cut its midterm goals. fourth quarter while management outflows came in at $4.7 billion. the estimate was for .nflows and ubs dropping its target for the wealth management business. what the numbers highlight is that they are underscoring the challenge for the new wealth
hong kong stocks fall more than 2.5% during the asian equities lower as a broad risk off move. cash trade is less than an hour away. stocks and futures decline as investors have concerns over the spread of a virus from china. and a digital tax truce. emmanuel macron and donald trump reach a truce not to impose punitive tariffs this year. president trump addresses the world economic forum in davos today. we are just under an hour away from the start of cash equity trading. at stake a look first off at futures. we have a picture you might not expect if you see the digital truce headline. that would seem to suggest it should be risk on. fewer tariffs, better for the economy. viruseless, this chinese and maybe the hong kong downgrade as well kind of spooking the market. as a result, you see futures down more than 0.5% across european indexes. take a look at the u.s. equity index and keep in mind the u.s. markets were closed yesterday for the martin luther king holiday. downasda
Had stopped it from delivering aid to the area. And scientists warn king penguins are under threat as Global Warming impacts their habitats. Good evening and welcome to bbc news. Snow and freezing temperatures have caused major disruption across many parts of the uk today with forecasters warning that there is much worse to come this week. Parts of south east and north east england, scotland and north wales are badly affected. Police say driving conditions are treacherous in places. There has been disruption on many major roads with 20 accidents in a space ofjust three hours on lincolnshires roads including a fatal crash which left three people dead. Rail journeys have also been badly affected with southeastern cancelling more than 100 services between kent and london. Services in east anglia and north of london have also been affected. More than 560 schools schools were shut across england, wales and scotland and forecasters say some Rural Communities may be cut off. The met office ha