Coronavirus cases climb, worries as the number of u. S. Cases increases without links to and outbreak. Joins apple and hp in scrapping its outlook on the virus. Standard chartereds cfo tells bloomberg it is too soon to say how bad it will be. Quit, factors will probably come through in march and beyond. The uncertainty at the moment is which markets is in which markets it will affect things. Matt europe on other. Matteo salvini tells bloomberg the Prime Minister is underestimating the threat. We are live in rome as Giuseppe Conte meets Frances Emmanuel macron today. We take a look at futures. They are a little worse in the is. Compared to well, no, stand corrected. They have dropped much more now in europe. Its rare you see a move in this order. Percent. Res down 1. 7 u. S. Futures have recovered a bit. They are down less than 1 across the three major indexes, although just slightly in terms of the nasdaq, down almost 1 . And more risk off news anna, do you see more risk off news on th
Is the profit. In 2012, dan bennun partnered with his brother, dave, and his childhood friend david malino to launch inkkas, a Footwear Company based in brooklyn, new york. Dan authentic textiles, responsibly sourced, handcrafted. And our new logo. David it looks good. Lemonis inspired by dans travels, the shoes incorporate patterns and fabrics from around the world, giving them a bold and colorful look unlike anything on the market. Dan and the beauty about a printed textile is that you really have unlimited combinations that you can do. Lemonis but while dan has created some real hits, too many of his designs have bombed, leaving the company with big losses. David nobodys buying our new stuff. Its a disaster. Lemonis and with cash running low and debt mounting high, these entrepreneurs can only wait for another shoe to drop. Dan we need to see increases in sales, or we could potentially go out of business. Lemonis the shoe industry does over 48 billion annually, and Everybody Needs a
Maria big show this morning, joining the conversation fox business Dagen Mcdowell, the host of the secrets of wealthy women podcast veronica is here and entrepreneur kevin oleary. Do you want to take money to the sidelines until a deal is done . I come to the conclusion the market wont care because whats really occurring here is we have back tax, valueadded tax on chinese goods and they have been absorbed quite efficiently in the u. S. Economy, every other g7 has a back tax, we have one just on china. I dont care if they continue to ratchet up the tariffs because i think its the right way to get a deal done. Maria youre in on this. People were expecting recession or some sort of recession in 2020, not hearing that nearly as much anymore. Maria absolutely. Whats predicated on that is theres a trade deal, we will see a pullback in market in 2020. Dagen market has told you that the Recession Risk has fallen because the yield curve is no longer inverted and the 10year yield on the treasury
Europe is steady powell makes some remarks later on tonight road map begins with megadeal monday lvmh announcing a deal to acquire tiffany. Charles schwab buying ameritrade, 26 about the all stock deal it will combine the companies the two biggest publicly discounted brokers will have more than 5 trillion in client assets ebay set to sell off stub hub for 4 billion david has details on that. Lets start with this Historic Deal in luxury goods lvmh will acquire tiffany. The deal is worth 135 a share, two Companies Expect to complete that deal by mid2020. I assume you can fill us in on what is going to happen to the brand, synergies and all of that. Listen, i mean, it is an important transaction for lvmh, which tried twice before as my understanding and not been able to get there had done it privately. From a m a Strategic Point of view, this went about as well as sort of it had been could have been hoped for from both sides. Seasoned advisers on both sides, who i think i thought they wou
The police ban on protests by the Climate Group Extinction Rebellion across london last month, is ruled unlawful in the high court. Nicola adams has announced her retirement. And the weather. We have been looking at the latest climate statistics. And also the forecast over the next few days with particularly heavy rain for england and north wales. Thanks, chris. Also coming up anger as firefighters responding to an out of control bonfire are attacked by a gang of young people throwing fireworks. Idid not i did not define what young actually meant there. We will talk about that later on. Hello, everyone this is afternoon live. Its not what anyone would want minutes before they launch their Election Campaign. As borisjohnson prepared to address voters from downing street the news that a cabinet minister was resigning. Welsh secretary alun cairns quit following claims he knew about a former aides role in the collapse of a rape trial. Certainly not the best start for a campaign which was l