the cash trade here in europe is less than an hour away. let s get your top headlines. softbank plummets on reports it made big bets on derivatives linked to u.s. tech. a selloff looks set to continue, although u.s. stocks are shut today for the labor day holiday. johnson plays hardball. u.k. officials say britain is not scared of walking away from brexit negotiations empty-handed. talks restart on that note in london this week. and cracks in the pipeline. germany s board member former minister links nord stream 2 to the poisoning of alexey navalny. we are less than an hour away from the start of european trading. there will be no u.s. equities trade today. you can see european futures are gaining. we are getting more german data out now, economic data. up 1.2%.strial output the estimate was for a gain of 4.5 percent, so a mess in terms of industrial production so a miss in terms of industrial production. year-over-year, there was a drop. the actual drop was 10%. the esti
straight weekly gains of more than 3%. the stocks index heading lower given their exposure to china and some of the heightened tensions you have between the u.s. and china. the only one of the major averages in the red. the risk off tone means you are getting a lift up on the long end of the curve, up five basis points. to give us a risk off tone. i want to talk about some of the economic data that we saw. to. manufacturing pmi rose april smay from all-time low. manufacturing picked up a bit but stayed below 50. for more, i want to bring in our international correspondent michael mckee. what is some of the manufacturing data this morning telling us about where we are? the basic message is me will not see a recovery. shaped recovery. the chinese numbers, which came out over the weekend were down a touch. they reopened earlier, so their numbers are higher. europe is next. germany is up, italy is down. here in the united states, some improvement but still below 50. these are bas
there were misunderstandings from the beginning but we should forget about them and focus on our vaccine being one of the best. donald trump is accused of summoning a mob and aiming them like a loaded cannon at the capitol according to pre trial documents from democrats were pushing for his impeachment. and tributes are pouring in for captain sirtom and tributes are pouring in for captain sir tom moore who has died at the age of 100. he is remembered for raising tens of millions for coronavirus workers in the uk. we begin in russia, where a court has ruled that alexei navalny will go to jail. a three and a half year suspended sentence for fraud from 2014 has been converted to a custodial sentence. he s expected to spend over 2.5 years in prison that allows for time previously spent under house arrest. this is alexei navalny arriving in court to hear the verdict he used his appearance to castigate president putin, and said he d go down in history as someone who poisoned pe
i m stephen sackur. deploying troops overseas, whether to fight or protect, is a costly business, which is one reason why throughout history, wars and long term military commitments have often been contracted out to private operators, operators, mercenaries whose methods, personnel and cost can be very different. my guest today is erik prince, who founded blackwater, a security contractor used by the us government in iraq until things went badly wrong. a decade on, he s pitching to replace the us military in afghanistan. is that an idea donald trump might just buy? erik prince, welcome to hardtalk. thanks for having me. people, i think, will associate your name with blackwater and the disaster that struck your company in 2007, when your personnel were involved in the killing of 14 iraqi civilians in baghdad. and yet, here you are, a decade later, making the case to privatise one key element of america s military deployment in afghanistan. how come? believe me, i think about
deploying troops overseas is a costly business which is one reason why over history wars and long term military commitments have use private operators, mercenaries, whose methods, personnel and cost can be very different. i guess today is erik prince, who founded blackwater, as security contractor used by the us government in a row until things went badly wrong. a decade on, he is pitching to replace the us in the military in afghanistan. is an idea donald trump mightjust buy? erik prince. welcome. people, i think, will associate your name was blackwater and the disaster that struck your company in 2007 when your personnel were involved in the killing of 14 your personnel were involved in the killing 01:14 iraqi civilians in baghdad. and yet, he worry decade later, making the case to privatise one key element of america s military deployment in afghanistan. how come? i think about that event almost every day. it was 11 years ago on sunday. september 16, 2007. to define the wh