Lows fausting with a relief after more than 1hundred points lost in just two days. Investors are getting back into this market and theyre bargain hunting because the bottom line, yes, there is fear about the coronavirus but no one really knows what is going to happen. Weve seen a page from this kind of playbook before. Markets do tend to claw their way back. When ebola was a threat of july 2014 to march of 2016, there was a lot of volatility but the dow only lost half a percent overall. For sars, november 2002 to july 2003 the dow gained. From september 2001 to october october 2002 the dow lost a little more than 17 . You look at history, get a sense how investors reacted to all kind of different events, ebola, sars cases, they say that they tend to be blips, not events that define the market. Major corona headlines breaking today, the cdc confirming 14 cases of coronavirus and a u. S. Soldier in south korea testing positive as well. That is not to say this isnt something to worry abou
Head of Cambridge University paid him this tribute. Well, we are devastated. I met jack him this tribute. Well, we are devastated. I metjack only him this tribute. Well, we are devastated. I met jack only once, but i must say he impressed me as a person of tremendous charm, but also extraordinary commitment. He really believed that the work that learning together is fundamental for the future of our society. Fishmongers hall remains closed, a crime scene being poured over by counterterrorism detectives because although there wont be a trial, there will be a detailed inquest into the deaths of those who were killed here on friday afternoon. The investigation continued as night fell. Police determined to gather every piece of evidence to help the families of two young people at the start of their adult lives understand exactly how they came to be killed. Daniel sandford, bbc news, London Bridge. Well borisjohnson has faced questions today, over why usman khan, had been released early fro
Somewhere 1. 4 but the mixed signals are there. Because the Unemployment Rate is at 3. 5 . The lowest since 1969. Wages are rising. Still on the uncertainty, specifically, trade, and the Global Economic slowdown, companies are basically frozen with what to do with the money. Theyre sitting on a pile of cash but waiting for some of that trade uncertainty to sort of shake itself out to figure out where they want to invest cash going forward. That is what the Federal Reserve is trying to figure out for long term assessment of the economy. One of the debates going an inside the Federal Reserve with chairman jay powell. I interviewed, exclusive interview with tom barkin, president of the richmond fed. He said that inflation, or the prices are low. Inflation is low, because of the trade uncertainty. Listen. Whether it is transparency on the internet, big box retailers, the power of their purchasing departments theyre very nervous about the ability to pass on prices. When uncertainty is high,
Are slowing down, the Manufacturing Sector in this Country Contracting a little bit. To the wall street journals Jillian Melchior who follows this very closely. Our own susan li as well. Susan, one thing surprised folks with the china data, this was not something to be expected and were seeing more and more data like that, less ominous than thought. Now stronger than thought. Reflation as well in the month of august. I love to remind people that china is no longer just a manufacturing hub. Services like here in the u. S. Account for more than 50 of the economy now. So it is not cheap factory floors. If you go to shanghai, beautiful skyscrapers, really fast train this is very positive, especially for an economy that saw the weakest growth in 2years. Neil one of the reasons why the futures was up. Hang seng was up 4 . It owed itself as well to the talk that they will meet some of the protesters demands. Well get into that in a second. Couldnt you flip it around, say Better Things look fo
In sport there was no happy return for wayne rooney at old trafford. Everton were thrashed 4 0 by Manchester United, which puts them in the bottom three. The handmaids tale and the handmaids tale was the big winner in the emmys, scooping three of the major prizes. And carol has the weather. Morning, a chilly start for some of us. Morning, a chilly start for some of us. Some low cloud, some patchy fog. That will give way to sunshine and showers, the worst of which will be in the west. I will have more in 15 minutes. Good morning. First, our main story Police Investigating the london tube bombing have searched a third property in connection with the attack. The bbc understands it is a takeaway restaurant in hounslow, where a second suspect was arrested on saturday night. Two men remain in custody. Andy moore reports. Late on saturday night, a second man is arrested in the centre of hounslow in connection with the tube bombing. This is no ordinary detention. At least three forensic office