Nominate janet yellen to his treasury secretary. She would become the first woman to hold the position. Janet yellen has pushed for more fiscal spending during the pandemic. Credentials could covid passports restart International Travel . We will discuss the latest strategy with its ceo this afternoon, and before then, we are joined by the chief executive of the dutch flag carrier. Do not miss that conversation. It is 6 00 a. M. In london and 7 00 a. M. In zurich. A little bit of breaking news on novartis and we will come back to that in a moment but there is a Share Buyback of up to 2. 5 billion. So we will touch on that in a moment but i think we are in this momentum and we have almost got this goldilocks between a vaccineon starting, narrative, and janet yellen did not get Elizabeth Warren so thats probably part of the cheer on the streets. Certainly. I think wall street will embrace it but also the progressives will embrace her but with this pick which is historic, the first female
500 futures up about one third of 1 . Ftse futures higher by 2 10 of 1 . Unbelievable to see a zillion euro in the mix a resilient euro in the mix. The story is the equity market yesterday. The more cyclical sectors, bottom of the pile in the u. S. And europe, Energy Stocks having a tough time of it in 2020. Annmarie they have. Both sides of the atlantic, energy getting pummeled. That brings us to bp results. The first of the oil majors to report earnings kicking off the week. Adjusted net at 86 million. The estimate was for a loss of 116. 8 million so that is something that will boost bp. Is expected to fall in the fourth quarter. So far, it is not looking too bad. Analysts were expecting a loss because right now, the refiners are having trouble turning a profit because demand is so low. When you turn that crude into things like gasoline, the demand is not there. The volatility buying all the oil and selling it at a higher price, that saves a lot of these majors in the last quarter an
Come back and bite it count them im. Going through dont care if you use the phrase youre. Our 2 part series the 3rd right the dog starts nov 12th on d w. We hunt to conclude account of the stalled Free Trade Agreement but as things stand up will not. Britain prepares for a no deal breaks and what does that mean for u. K. Business as we go to london for the latest. Also coming off in your Business News as u. B. S. Post a double all 3rd quarter profits will ask if the pandemic as being good for the banking business. And to venetian glass blows in morocco struggle to whether the coronavirus technique. But come to do business on one of the johns and the to have you with us. The head of the bank of england Andrew Bailey paints a dreary picture of the britains economy which shrank by 20 percent in the 3 months to june thats the biggest fall of any large advanced economy in the view of the coronavirus pandemic bailey warns the u. K. Faces on president and level off Economic Uncertainty and th
Ireland, so we are watching the pandemic on those fronts. It wealth story right now is the welsh story is the most serious clampdown. A circuit are being brought in with the hope and expectation that could be lifted after two weeks. Tom and on brexit, im thinking fishing rights. There is an update. It is the end of october, we are getting what is the brexit plan the rest of this week as we are all distracted in america . Anna it seems as if the u. K. Government is still waiting for concessions on the e. U. Side before jumping back in to any kind of talks. Sidewants to see the e. U. Actually verbally explicitly say they will concede something in order to get the talks restarted. We will see whether the e. U. Jumped at the chance or not. Tom we will get to the data in a moment. Futures up 18, a lift off what we saw yesterday afternoon. With first word news in new york city, here is ritika gupta. Ritika House Speaker nancy pelosi and treasury secretary Steven Mnuchin are drawing closer to
Sen. Harris the American People have witnessed what is the greatest failure of any president ial administration in the history of our country. Vp pence quite frankly, when i look at their plan that talks about advancing testing, creating new ppe, developing a vaccine, it looks a little bit like plagiarism. One, joeis on day biden will repeal that tax bill, and what he will do with the money is invest it in the American People. Vp pence weve already added back 11. 6 million jobs because we had a president who cut taxes, rolled back regulation. Sen. Harris the president s trade war with china, he lost that trade war. He lost it. What ended up happening is because of the socalled trade war with china, america lost 300,000 manufacturing jobs. Vp pence lost the trade war with china . Joe biden never fought it. Joe biden has been a cheerleader for communist china over the last several decades. Alix the question is, has that been the last debate of the election cycle before november 3 . Presi