Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still
We are live from bloombergs European Headquarters in london. Coming up this hour, autos. Peugeots first half earnings surge. We are speaking to the cfo live from paris in about 10 minutes time. Make sure you stay tuned for that. First up, barclays german john mack farland says hes going to step up the pace of cuts to the british lender. The Bank Reported secondquarter profits of 1. 8 5 billion pounds. That matched analyst estimates. Profits at the Investment Bank jumped 35 . For more, we are joined by our london finance reporter, julie of her lane. Julia these results sound like mcfarlane is ready to take the bank by the scruff of the neck. Julia he is going to run down the noncore by 2017 to bring down riskweighted assets. I think he is there to accelerate the whole process that jenkins started. You had equities down 2 and Investment Banking fees down 11 . It has been offset by the macro performance. Manus in terms of these job cuts, where do we think they are going to come from . Wil
Seventh straight session. Dropping triple digits today. For the year the dow is actually down the better part of 3 . S p 500 is still positive for 2015. But its broken a technical level, slipping below the 200day moving average. Twice in the summer it has bounced on that. Will it do that from here . The dollar hit highs not seen since april, but if im looking at the screen to the right of me correctly, it is raised those gains and now in negative territory for the session overall. Despite that, Oil Continues to be under pressure. Prices down about 5 1 2 percent for the week. Oil light sweet crude is just trading above 44 a barrel. If we break that it will be significant. Check out the yields on the benchmark 10year treasury notes. Yields down to 2. 18 . Despite the view that the fed might be hiking on this payroll data in september. Vrm the nasdaq is the biggest loser right now. Kate rogers is following the action. It is not quite as ugly as it was here yesterday. We are less than by t
This is Aljazeera America, good morning, live from new york city, im randall pinkston. The World Markets seem to be sablessing this morning despite big sell off in asia. Futures here point to a big surge at the open, despite another sell off in shanghai and tokyos nikkei. In china it turned dramatically negative. The country is cutting the Interest Rates to try to stop the bleeding. Trading opened on tuesday across the Asian Pacific and they opened with baited breath wondering how the market would react considering chinas fall was so tract particular on a monday. The markets were shaky, most of them making losses in the early part of trading. They regained some of that ground as the day progressed, and made up in some cases on those losses. Markets that were in profess certainly saw themselves reach the black again, with taiwan, australia, singapore, but the shanghai composite perhaps the market that many global eyes were focused on ended at 7. 63 down on the day, tokyo said market was
Delay of aramcos ipo which made push to be the biggest share sail into 2019. We will ask why. China calls. Economic growth science shows signs of growth. Retail sales taking lower relative to expectations. Does the chinese economy peaked in the first half of the year . That we will be following story this morning. Also looking at european futures. Not a lot to push us around this morning so maybe we will get some impetus from the china data. We see the euro stoxx 50 futures down one third of 4 and dax futures down. 251 . If you take a look at bunds, the yield is rising so investors selling off the perceived safety of German Government debt albeit a miniscule amount there and pushing the yield up right now to 0. 41 percent. We are starting to get a little bit of a firmer picture this morning but not a lot of movement after the drop in asian stocks. Guy that is exactly what we are seeing on the gmm and the currency column telling the story. But how many are in great. A bit of movement in