Francine welcome to bloomberg surveillance. Green on the screen for european equities, but we are headed for the first weekly loss in six. U. S. Futures are struggling for direction, along with the 10 year yield after we saw stocks as the marketsy assessed the risk around the political situation in the u. S. Table taking ahead, dropping below 1. 23. Previously, one of the more hawkish members saying that rate cuts might be needed even with a brexit deal. Coming up, we speak to commerzbank ceo Stefan Engels after they have revamped their strategy. But now, lets get first word news in new york. The bank of england may have to cut rates you but if the u. K. Avoids a no deal brexit. The comments are a sharp departure. He previously was considered the most hawkish member of the Monetary Policy committee his argument is brexit uncertainty will continue to depress growth. Thats even if the exit is delayed or canceled her the u. S. Federal reserve is looking at a possible shift to its inflatio
At the pyeongchang games. A jury has found the former football coach Barry Bennell guilty of multiple counts of sexual abuse. His victims were young footballers, boys aged between eight and 15, groomed by bennell, who claimed he could fulfil their dreams of becoming professional footballers. During the trial, he was described as a child molester on an industrial scale. In total, the jury at Liverpool Crown court returned guilty verdicts on 36 counts. They are yet to reach a verdict on seven further counts. Joining me from Liverpool Crown court is our correspondent, ben ando. What happened in court this afternoon . This has been a four week trial, the jury this has been a four week trial, the jury has been directing for three days. They have reached verdicts on some of the towns facing Barry Bennell, who was a very highly respected football coach with clubs like stoke city, Manchester City and Crewe Alexandra in the 1980s. Up until 1990. Thats what we heard. In total, bennell faced 48 c
Are three more chances for Elise Christie to claim this elusive medal. Chris has the weather. We will cast our nets further afield and bring you the very latest on what cyclone peter has done to tonga. Talk to you later, chris. Is it time to stop clowning around . Are pranksters and creepy clowns changing the face of an age old entertainer . Hello, everyone. This is afternoon live. Im simon mccoy. It isa im simon mccoy. It is a crisis hitting at the very heart of oxfams appeal, with questions raised by the government millions of individual donors about whether the charity deserves their money. The Charity Commission has taken the most serious action it can against oxfam, and begun a statutory inquiry into its procedures. It will investigate the handling of claims that oxfam staff used prostitutes as they carried out Disaster Relief in the aftermath of the earthquake in haiti in 2010. Matt cole reports. This crisis has already claimed one senior figure, 0xfams now former chief executive
British package holid crashes outake of the womens 500 metres speed skating final at the Winter Olympics. And prince harry and Meghan Markle are visiting edinburgh this lunchtime on their first trip to scotland. Coming up in the Sport England lose again in the t20 tri nations series, and their chances of reaching the final and now out of their hands. Good afternoon and welcome to the bbc news at one. The Charity Commission has taken the most serious action it can against oxfam, and begun a statutory inquiry into its procedures. Staff used prostitutes as they carried out Disaster Relief in the aftermath of the earthquake in haiti in 2010. 0xfams deputy chief executive penny lawrence resigned yesterday in relation to the charitys response to the allegations. 0ur correspondent matt cole is at 0xfams headquarters in oxford. Good afternoon. There is a lot for the leaders here at 0xfam to think about as they face the possible loss of government funding. The Eu Commission could take away its
Ahead of Quarterly Results. Stocks hitting a new all time low on heavy volume in new york. Crude prices bounce back after world demand for oil is growing at the fastest pace in five years but also warns that the supply overhang will persist. And welcome to the second hour of the show. The overnight devaluations of the chinese yuan spooking markets not just here in europe but in the u. S. As well. The dow gaining 230 points on monday but quickly reversed the losses on tuesday. The dow down by 190 points in premarket trade so we could be in for another day of selling here on wall street. The s p 500 lower by 24 points. This as Oil Prices Hit a multiyear low again yesterday that of course sending Energy Stocks lower. This is a very good stage of stocks around the world. They respond negatively to that move to deval its currency for the second straight day and of course european stocks also trading lower. Thats weighing on the index which is down about. 6 in todays trade but as i said euro