The bbcyourquestions. The Chancellor Rishi Sunak is expected to pledge to make the uk the most Advanced And Exciting financial Services Hub in the world at a Speech Hell be making at Mansion House in the city of London. More than two years after he was jailed for Sexual Assault, The American Entertainer Bill Cosby has his conviction overturned. A tough message on the 100th Anniversary of the chinese communist Party President Xi Jinping warns that foreign powers will get their heads bashed if they attempt to bully the country. The dukes of Cambridge And Sussex will come together later to unveil a statue of their mother, diana, princess of wales, On What would have been her 60th birthday. And Andy Murray reaches the third round of wimbledon beating german Oscar Otte in a centre court thriller. Good Morning And Welcome to bbc news. The Car Maker nissan has announced a major expansion of electric Vehicle Production at its Car Plant in sunderland. The development will see the creation of mo
There are concerns over the pace of the recovery, the second wave of infections. Infections rising in 22 states across the u. S. The dow ended the session up 1. 9 . The s p 500 up 1. 3 . The s p futures, under pressure. Oil also falling with the 35 a barrel level. This is after crude posted its first weekly loss since late april. We have, as i mentioned, fears of a second wave of infections affecting the fragile recovery. Investors are awaiting the opecplus joint Technical Committee meeting this week. Lets see how things are shaping up for asian markets. Monday, fragility well. On view as asian stock futures looking mixed after the regional benchmark cap to the first weekly drop in three. Patch,hitting a rough sinking more than 5 in three days. Signaling concerns around a potential recovery across the globe. Value performing decently in a for the month of we are going to find out if Central Banks will add support with rate decisions do including taiwan and indonesia. In japan, after pa
Declining sales. Tom we are at the shanghai auto show. We will be doing a deep dive with some of the leading executives here. We of already spoken to the ceo, talking about his muted optimism about a potential turnaround and the Chinese Market. We will be speaking in the next few minutes to the ceo of mclaren. Ofer in the show, the ceos ofborghini, lamborghini, bentley, audi and the chinese automaker listed in the u. S. , the oh neo. Theres a lot to discuss. But more on this, coming up. Yvonne very interesting stuff. You mentioned muted optimism. Were still seeing that in the markets. The u. S. Earnings season is kicking off, and not to the benefit of investors long on this market. Instanceswe have seen of the pboc, they will be controlling the money supply and keeping liquidity tight. Not good for the bond or equity market. David is the day that too good, too early . Thats the narrative so far. We will try to flesh out that idea. Equities across assets on hold right now. 4 of gains ye
Frexit support. Her move open the door for a softer split. Forecastto pessimistic when it comes to Global Growth. Lets get you started with a quick check of the markets. Most u. S. Stocks finished up leading the gains. The s p 500 was unchanged. The Energy Sector was one of the biggest decliners which was interesting, given that oil finished at the highest level this year. For the first time in four days. Digesting thebout budget revealed yesterday from the coalition government. We are seeing some stock winners coming out. About 0. 1 . T ,etailers in particular consumer stocks we are seeing the budget putting more money wallets of voters. The rba staying on hold with rates. Withwhere we are trading the asiana u. S. Dollar. New zealand further downside. 67 53. Llar, trading at the seventh straight day of gains. Putting australia and 30 first place when it comes to the rally we have seen. Lets get you the first word news. Uk Prime Minister theresa may turn into the labor opposition in an
Affecting the feds decisions. President trump has manufactured the longest Government Shutdown in our nations history, which beyond the needless harm inflicted on government employees, contractors, and other businesses, also hurt our economy and outlook. However, this president declared a trade war on allies and enemies alike, leveling tariffs on steel and aluminum and threatening to rip up other deals. His trade war is bringing down consumer and business sentiment. Tax scam, which was a giveaway to the wealthy and corporate america, was slated to reduce government revenue by 1. 8 trillion over the next 10 years. Each of these actions by the Trump Administration were noted in the minutes of the feds january policy meeting, and may have weighed in on the feds decision to pause further interestrate increases. Feare midst of what some is slowing growth, the administrations economic could cause downturn. It is critical the Federal Reserve remain vigilant in protecting this economy. The las