Broadcasting live. International and certainly glad to have you with us. By the british Prime Minister Boris Johnson is calling for an early election after suffering a landmark defeat in Parliament Opposition members along with 21 conservative rebels back to motion to take control of the commons agenda away from the government that means they can now put forward a bill to delay the departure from the e. U. Yards to the right 328 the notion that 301. Was. You know the good stuff maurice so the guys have it the guys have it i know those and peace many of whom are against if not drugs itself at the very least against a no deal brags that which they fear the country is headed towards on october 31st and gives those m. P. s the power to introduce legislation to basically stop and no deal breakers it from taking place on that day and could see an extension to the period on the article 50 in other words yet another delay to the brags that process and as we heard just there a number of conserv
A low in welcome across where all things are considered. Ever since the arrival of Boris Johnson to 10 downing street theres a growing sense have been evident ability that breaks it will be executed on october 31st with or without a deal how do we get to this point what lessons have been learned or should have been learned. That im joined by my guest. He is chief Foreign Correspondent at le figaro in london we have allister donald he is an associate director at the academy of ideas and in edinburgh we crossed. John white he is a political commentator and writer originally cross titles in effect that means he can jump in anytime you want and i always appreciate let me go to john in edinburgh 1st here in my introduction i said theres a growing sense of inevitability that we will have brags that on the 31st here and my off the mark go ahead john i think with a ton of answer you neatly be off the mark because there is one hell of a buckle taken place here and if you keep or wont notice joh
The shanghai up by half a percentage point in europe in some of the early trading right now we are seeing things a little bit mixed across the board. Ftses hanging in there up by. 10 of a percent. They are seeing pull backs by the dax down and the cac off by 1 3 of a percentage oint. Crude oil prices on a climb again last week where oil was up by just over 1. 10 this morning wti back 1 cent i take that back, its unchanged at 56. 74 lets tell you whats going on couple stories were watching this morning couple big ones. General electric is going to announce a major restructuring is going to happen today ge will focus on three or four units, aviation, power, health care ge is planning to shed its majority stake in oil and gas operator baker hughes. Remember that big bet that shedding . Shedding. Shedding. Like skin. John flannery expected to announce the changes at a meeting. Theyre getting out of it he got into it, now hes getting out of it. You build it up and you take it down were goin
Live from bloombergs u. S. And asian headquarters. I am live in new york, where it is just after 7 00 p. M. Yvonne it is 7 00 a. M. Here in hong kong. I am yvonne man. There is something about the month of august where crazy things just happen. Two years ago it was china, the devaluation. The jury is still out to see whether geopolitics will be the trigger this year in triggering the volatility. Betty who knew a year ago we would be talking about north korea and the possibility of military conflict between the u. S. And north korea . But here we are in august. Volume is still relatively thin. Any movement will be exaggerated by the thin volume. That is exactly what we saw. Despite all these headlines, the markets remains relatively resilient. Which is confusing to some investors who say, we should be moving more on these headlines. Right now it looks like the markets are focused on earnings and the fed. Yvonne those are still some likely catalysts. From a comments Little Movement from
Second day straight paid about two tenths of 1 in china. Nicole oil axon with a 20 billion Investment Plan that would create or to bypass and highpaying jobs and gulf states. Lauren chairs of snapchat only 12 below their first day of trading. The lowest price per year. Lauren thriller in texas and the San Antonio Spurs at the Houston Rockets and Cleveland Cavaliers. Lose the game in their new center against the miami heat. We will have all the highlights. Lauren 5 01 a. M. In new york. Welcome to fbn am, your first look at morning markets and breaking news. Nicole House Committee to begin voting on the republican bill to dismantle upon the care tomorrow. The measure would replace incomebased subsidies with tax credit. We give them a tax credit immediately useful. Ranges in price from 2,214,000 a year. Depends on your age and family. But ask him if they can buy affordable plans that are approved and certified in the state they are in end user of planes they need engineers, not the plant