Postal funding after failing to use an extra week in congress to reach an agreement this will be one of the greatest frauds in history they are not going to get the 3. 5 billion so they cannot get the universal mailin vote ceasing the annexation of part of the west bank. Saying this is an historic moment we are really sort of diffusing a real threat on the twostate decision this is up to the palestines, the israelris and others. The broad base sweep is into the red moving through fridays session. We have had fairly decent week in europe. Before we started, we are pulling back from some of those higher ranges that we noticed. Given the size of the decline. Now down 1. 2 . The bottom end of the session is where we perched all of the factors weve been talking about. Fresh layers are a concern too and talks in china given tightened concerns and Technology Names doing business in the United States the market has been looking towards the chinese figures for some sense of confidence to pick up over the western economies in a little bit of that curve into the crisis the data on retail production has been discouraging. The market has shown those impacts. We can see the charts and how the uk stock market was down yesterday. Up 1. 5 . We are adding those losses today. Dividend stocks impacted the trade. Clearly a lot of profit taking after a strong break we have the range back above the 6,000 handle we are now below the 6,100 point level. The dax a little more cautious and accelerating with the rest of europe. The markets have been up more than 3 before the trading session began. You can see they are down heavily giving back some of those gains. To the sector level, this is how it plays out a couple of themes we are talking about around china tensions other news if you are returning from france or traveling from that country along with a number of others. Well get into the detail that you will have to selfisolate. Autos are towards the top. One of the only bright spots was the auto sales figure where you saw a built of improvement still lower than the rest of the markets today. I want to get into quarantine. If you are traveling and investing. Those traveling from the uk, france and netherlands will have to quarantine 14 days. Not step out of your house at all. Monaco, turks and othenetherlan. If you already overseas, there is not a lot of availability to change your plans. Many of those holiday makers havent been able to be anytime bell it will be interesting come tomorrow morning and those hoping for a Summer Travel season at the end of the season when it is a little cheaper may decide against that. Looking at stocks across in france you can see the big ones falling across the categories down 1. 2 . A big impact of the chinese data down 1. 7 . In luxury, down. 9 . The uk trade transport said he feared any delay fearing the measures could lead to other spikes weve got to the point that we will not do anything about it. Warning against the uks decision secretary of state said the move was a matter of regret for the fresh people we are going to take you to some easy jet commentary in budget space on use of flights in south of france. Big flight scheduling. Easy jet says customers can transfer flights without a change fare or receive a voucher. Thats one of the biggest changes you see to provide flexibility to provide people ability to make these bookings in the first place they are reminding customers about those rules and operating at full schedule it is talking about those plans in coming months around scheduling well get into that in just a bit. But clearly flexibility around those bookings other airlines do similar measures getting to mike. The reaction has been very strong in the reaction it was always on the cards are you surprised about the extension we are seeing in airline, hotel stocks today . No. It is understandable in the uk move the idea that europe could have a travel bubble and allow free travel is not going to last. It will be challenged even further as we get into the winter as we get into the winter way through covid19 changing up some of those uk stocks and the new trends weve been witnessing. This week, there has been a little appetite in technology space. You saw Airline Stocks getting the traction they are down stunning amounts of 50 to 60 at what point do investors start to weigh back into some of these gains . The vaccine roll out gives people sustained confidence to travel more, to go to restaurants in the numbers that they did previously. To go to entertainment venues. You really need that the good news is if you look at some of the big vaccine candidates, theyve made Good Progress now we are in a wait until october and november where we hear the details of the phase three from pfizer and astrazeneca. It is a little bit of waiting game until then. It has been front and center for a lot of investors from the highs and the session. This is the last of the good times before we see the volatility i think it will be a bumpier profile. U. S. Yields have been really low. Now, there is a bit of an adjustment going on in terms of yields the Federal Reserve will extend easing in 2021 perhaps in the november meeting. We think theyll did about 80 billion a month with u. S. Treasury purchases which restrains u. S. Yields but doesnt stop them rising that is a bit of a head wind for riz beingier assets. If we look at the way covid has developed. We have large number of cases around the world apart from europe and northeast asia. There is a real genuine risk as we get into the winter in november and december that we see a second wave. If we listen to the scientists, we dont think that second wave will be as large or deadly but still will be something that causes localized lockdowns, social distancing measures it makes it difficult for the recovery to take off it is only when we get the vaccine rolled out, which we think will be q1, q2 that you see more bullishness again interesting to talk about q1 and 2 again. Talking about the markets not delivered at this stage. Sounds like you you are concerned about the policy at this stake that will allow this to continue. Not a Downside Momentum the initial fade of recovery is a shock. Well see the pace of recovery accelerating in q4 and q1. It is not bad enough to urgently take extra measures. In europe and other supporters being removed in the u. S. And no extension on the 600 u. S. Unemployment we are in a dead locked situation probably until august. Even then we think it will be a trillion dollars even then, it is not a game changer for the u. S. Economy the narrative is on the margin, less additions of support and some of the actions tapering off. That means recovery has to sustain itself in the environment of intermittent ways of covid before the vaccine that makes data and market more bumpy. We think thats the profile for the coming months. What is the market. Given more along the curve and this crisis. Does this tell us well be looking at weakened numbers down the track or well be so influenceds or it doesnt matter that the chinese numbers are so different . A part of the population is going to be so cautious until we get a vaccine, so they are not going to go back to normal spending behavior and you need to sustain spending growth unless it is suspended, you are not going to get economies recovering quickly because of the u. S. Cautious. We think that is going to be bumpiness down the road into the autumn in other economies as well that just makes a more difficult narrative than the clear bounce from the lows, which really sort of drove data positively over the past couple of months. It has bibeen a big weekend and u. S. Politics and based on the outcome. Kamala harris a biggout put. What do you make of the changes . Do you think investors have well and true got their strategies right . I think if you look at the u. S. Election, the treasury market and the deficit would be similar under biden or trump because trump is proactive in terms of fiscalpolicy. The fed will probably only buy a trillion some are nervous that a biden presidency will increase corporate taxes. You have to remember biden will be more multilateral in nature it swings around a lot we think it will be a game changer for the market we think the fed and the market are more important thank you for joining us. Happy friday to you. Continuing in economics. Well squeeze in a quick break the uk government said more than 10 million meals were eaten. The impact this is having on businesses you say the customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g, everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad. Your wireless. Your rules. Only with Xfinity Mobile. Now thats simple, easy, awesome. Switch and save up to 400 a year on your wireless bill. Plus, get 400 off when you preorder the new Samsung Galaxy note20 ultra 5g. The u. S. And chinese officials are set to hold a Virtual Meeting to review the progress of their phase one deal with President Trump threatening to end the agreement over chinas handling the pandemic and new security laws in hong kong potential u. S. Ban of chinese owned tiktok larry kudlow has warned differences remain with both sides and added that hes satisfied that china has made progress saying the country has, quote, really picked up of u. S. Goods. And the ban of chinese products like huawei. With a visit to slovinia, he said the protection of u. S. People must be handled a decision must be made how private information of u. S. Citizens is handled. We have to make sure we are getting it right, that people who put the infrastructures in place and countries in which those systems imnate dont have easy systems to be blunt we have information that goes back and forth we have american citizens that travel across all networks and europe it is important we get this right. Chinese retail sales expected to drop in july following 1. 1 industrial output also missed forecast and falling 1. 6 between january and july. Food sales rose as a part of the eat out to help out scheme increasing 3. 5 compared to the week before and as much as 4. 5 in the nations high streets joining us, diane, weve been watching this play out and we have evidence. You have real data for us. Talk us through how successful the scheme has been to date. Of course weve seen a full up tick in foot fall. Over the period since nonessential Retail Stores have opened in june this is recorded as a potential fill for bricks and Mortar Retail we have seen a foot fall rise around 4 of our destinations. Rather than during daytime hours rather than in the lunch time period when people would eat out at lunch time. Clearly, people are making the most of that to go out in the evening. You think with remote working, you might see a bigger impact in that lunch time so does that mean people are staying at their desks at home there is a lot of myth around how relaxing working at home actually is. People are finding that they are tied to their desk more. We are on regular zoom calls and google hang outs at times. That stops you from being able to go out. Where people are able to close down their laptops until 5 00 to 6 00 in the evening. That really frees up the calls if you are located outside a restaurant the trends going up monday, tuesday, wednesday skewed more towards the later end of the week and pulling towards different activity the monday through thursday period is the quietest of the week because that limits the impact, that is geared towards the more friendly restaurant. That is less likely to have an impact on the overall bill and to prevent people from doing that towards the and of the week encouraging people from doing that at all and hopefully retain the trade. For the help out of the schemes for the furlough and dining do you think this one should continue or suggest at the end of august this would roll over into september weve only literally had two weeks of the scheme. We are on holiday at the moment. Weve seen foot fall in coastal towns in the uk increase by more than it has in cities or large towns. I think well only really see the true impact as people come back from holiday. At the moment, we are saying if things continue as they are, well see a foot fall to the end of the year of about 20 most influences are really important. There has been discussion that some stores in the United States would be repurposed into Amazon Fulfillment Centers what are you seeing as to what they are still facing . A few years ago, Shopping Centers were the darling of retail and high streets were the ones really struggling since we became more of a Consumer Base, Shopping Centers werent able to adapt as much. They did struggle a bit. If you wanted to eat out, youd head to high streets that meant Shopping Centers are having a challenging time. At the moment, they are not struggling more. Our major cities are lacking because we tend to stay local more we are not shopping as much as the government has adviced unless you really need to use it and generally need to use it more in big cities they are struggling more in big cities but still about 40 lower in volume terms, and terms of number of people visiting them from last year weve seen the eating out scheme, a lot of shops are closed so they struggle a little bit in that aspect as well. I wonder what lies ahead. Clearly, weve had fairly broad based lockdowns. It seems like many dont want those huge lockdowns localized what can you anticipate in the next couple of months . There are a couple of scenarios. One is that we have minimal local lockdowns because the spike is controlled. Well have more comprehensive lockdowns. It will vary but the overriding feature of this is the fact that people will tend to stay local more people are nervous, cautious they are aware there is potential for a second wave, an up tick of infection it doesnt bode well for larger cities they are continuing to work from home we are conscious of the fact where i think the working landscape has shifted. There will be more flexibility around the way people do work. We are likely to see the greater preponderance of people working from home. That will impact the Retail Businesses within them ive barely left my local area except for work so that does make sense. I appreciate you sharing the data with us we are squeezing in a quick break. Coming up, the uaes top dip low mate shares with us the impact of peace welgol live to abu dhabi next. Welcome to street signs. These are your headlines shares in european travel and Leisure Companies slump after britain imposes a 14day quarantine on travels coming from france starting tomorrow morning. Retail stalls and raising concerns about recovery weighing on equities. President trump vows to veto a stimulus deal if it involves postal funding after failing to use an extra week in congress to reach an agreement. This will be one of the greatest frauds in history they are not ghoing to get the 3. 5 billion so they cannot do the universal mailin vote seeing israel cease annexation of parts of the west bank. Telling us this is an historic moment we are really sort of diffusing a real threat on the twostate solution we are not putting together a road minneapolis for peace this is up to the palestine and israeli and others looking at the markets i had a quick look an incredible pace has kicked in that is a real acceleration from losses at the start of the session we were nicely above 6 thour on the week. Slightly better than anticipated. To the extend of the selling, weve given back a lot of the gains for the week the French Market was one of the real standouts we had a pop of 3. 1 before the start of the session it has taken a lot of those gains off the board. Italy has been a stronger one. Down this almost almost 2 more on the dax but still significant losses there a lot of factors at play it is these quarantines coming into the mix we started a huge Summer Season of travel. Some of those corridors being lifted but the decision now if you are coming back from france, you have to quarantine for 14 days for many that thought there would be a window of travel opportunity this summer, that is a huge impact. That means we have a shortened season in early august and parts of september before people return to schools. But now, it is very much disrupted what we are seeing u. S. Futures, slightly different factors at play here for the week of the s p 500 in particular trying to attract around fresh highs across the board as we count down to chinese negotiations in the agreement. I did say the data on china was disappointing. Anybody expecting to see an improvement based on what china was anticipating on the industrialout put a industria output moving on to geopolitics, israel and uae have agreed to normalize their diplomatic relations and the countries agreed to, quote, chart a new path and will soon establish embassies and exchange ambassadors. What does it mean for President Trump in terms of a Foreign Policy win karen, i think we can say this is significant win for the president , particularly in this Election Year when he has been under pressure on a number of International Fronts he can call this a win because it is a dra mattis change of what well see in the future between uae and israel these are countries that have not recognized one another ties between the two nations and in the future, direct flight and may and maybe even an Embassy Regional leaders in bahrain and jordan and others have done the same israel is a strategic ally of the United States is staying silent weve heard from the palestines and they say this undermines the arab peace initiative. Iran is really the glue that binds a lot of the states and is foi out here and say this is the act and is called hypocritical why now is the right time . We are in arab League Meetings and contact the idea is what would we do to stop this annexation seeing the threat that would undermine any prospects of the twostate decision we took an unprecedented step with our ambassador saying this would wreck the whole prospect of negotiations and peace and would affect really the prospects of establishing relations with the arab world. In various conversations, many of our friends would ask what else can i do. The idea developed why dont we make a solution . Critics would say this deal looks weak without a deal from saudi arabia where are they in this deal . I think saudi arabia is one of two major pillars egypt and saudi arabia are two major pillars. What we are really doing is really sort of diffusing a real threat on the twostate solution we are not putting together a road map for peace this is after the palestines and other traditional brokers such as americans what assurances is it that it would fix other assurances i would say it is very political. It is a threeway deal the weight of the United States is there this is not something that would last forever and would suspend and allow us to take a threat of the twostate solution and allow a return to the negotiating table. There is broad optimism around the table as it stands. The path way to normalization remains to be scene. Back to you. President trump says he will continue to oppose the democrats calls for extra funding for the Postal Service he said he will veto a bill that includes negotiations for the funding. Biden has called this an assault on democracy days after the candidate announced senator Kamala Harris as his running mate. Joining us live now from washington, d. C. It has been an eventful week in politics talk us through where we stand and what will happen on the stimulus front it seems very clear to us, mail, postal servicing in the United States is the wedge issue. The president wants the service to be underfunded and slowed down because there will be many mailin ballots. The president saying he doesnt trust the mailin ballots because that is foder for fraud. He is open to funding a bail out if they come up with a deal for covid19 relief. But those talks have stalled in fact, the senate has left town through labor day, september. It is not just mail. Masks becoming a wedge issue joe biden made a call yesterday for all governors nationwide to mandate masks to slow the spread the president there responded that joe biden wants to shut down the country and take down the economy if he gets the mask debate we get ready in three days for the democratic convention. With us from nbc news breaking down the latest coming up on the show, only 4 of business focus on including those with a disability. How one founder is trying to get businesses to do more. Hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. The world is facing a disability and equality crisis according to the founder of the valuable 500 founder looking to add most of the National Companies to focus on the value of the one billion People Living with limitations worldwide. We have to remember that like 54 of our Global Boards have never had a conversation about disability the most important thing is still disability is not understood as valuable, hence we call it the valuable 500 this is not about employment we are looking to get the most valuable 500 ceos to radicily change the system. Thats customers, suppliers, talent, members of the community. We think of a disability as something more as weak, damaged or dependent this is an incredible market with insight, information. That exclusion is costing our companies up to 7 understanding the value, not just the cost. You look at the mother and father, that is 54 of Consumer Base in the uk, it is worth 249 billion. When you start looking at a model of value and potential there needs to be recovery of everyone we have to ensure every Single Person has the ability to contribute that would be the forefront of this resource. Do you feel corporates will put the inclusion before the bottom line . As to the longer term of the company, we are seeing that unfolding in the u. S. Around racial issues and with gender Equality Companies that are more gender equal. We are advocating for the same obvious reasons that it is the same for people with disability. We are maximizing and creating the environment more inclusive you can see the full interview on wednesday the second of september cet. Use of public transport has been creeping up train usage and bus rides have nearly halved. Local startup zipabout is working to alleviate the fears of commuting run us through what you are doing with the department of transport to try and help us live with covid19 weve been commissioned to try and restore confidence with the use of public transport. We do that to give information about the journey straight to mobil phones anything from disruption or when that is likely to be busy. So people can make informed decisions. Is there more noise when they warrant to hop on to music or video . Is. No. Not at all getting back back to high street the search on messenger and youll start getting that information this is an entirely plug and play system we can provide the service anywhere we are doing it here in the uk ive just not been willing to step on the tube since the crisis the bad experience, you get on the platform, service is cut and you are crowded into a packed carriage and it is impossible to have any form of social distance arent riders right to be concerned about crowding it is a real challenge. I used to travel ever day when i worked at barclays i get it this is about people making decisions about when they travel and how they travel as well. Imagine you are 10 minutes out, you receive a message that says, let me give information about other modes. We can help spread that load through the day. That is really important we want people to get into the office and back into normal life asking you about implications and your business being a startup. We are seeing trends and shifts in businesses like yours doing well does that impact businesses like yours . That implies right now, we are able to use that service and technology for people to make safe and informed decisions. When we emerge more to normality, this is relevant. This is about linking people back to Service Providers and links and providing that advice to help people get to where they need to go working with the department of transport is there a concern you are seeing fundamental change in habits that people are not going to go back to the market as much as they were before and we are seeing the impact in revenue and service on what is spent on the high street. We are seeing changes you are right. The traditional morning and evening pack doesnt look like that we are seeing a little bit of a rise, which is good. Busy times tend to be around 10 00 until midday the whole point of this is if you provide people with Accurate Information about the journey they want to make, they can start making more informed decisions about the journey and they can travel with confidence that it will be safe thank you for joining us today. Chief Business Development officer at zipabout. Taking you back to the markets weve had a lot of movement. Lets see where those u. S. Futures are. 2. 2 plus percent down for the ftse a weak day for the uk and French Markets. We are really reversing a lot of the gains this week. German stocks down not as much but significant red print for fridays session travel restrictions have an impact on that section today 6 down from iag, easy jet and ryanair down u. S. Futures with a weaker start anticipated for the start today. Happy friday, have a good weekend. Worldwide exchange is up next. Look here, its your very own allinone Entertainment Experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. It is 5 00 in boston your top top five 5. Stimulus stalemate and the maker of