English premier league along with a spat with the u. K. , all reports prius president xi jinping could close the u. S. Consulate in showing do. Tension and political Mitch Mcconnell good unveil a gop plan opening up discussions with immigrants. Cost cuts assifies it sees a considerable slump in economic output. Confirms its diagnostics unit. Units from unilever coming from across the wire. What are you seeing . Anna we got the numbers from unilever. Lets get to the story in london. Unilever with underlying sales, down. 3 , but better than the market anticipated. The estimate was for a drop. 3. 89 . That is a good number for the underlying sales story. They were telling us about what they plan for their tea business. They talked about moving it on in some way. Now with a that will hold they will hold on to some of it. They are retaining the tea businesses in india and indonesia and interest in the ready to drink tea joint ventures they have, but they are telling us the operations they w
Selling nba products. A stark warning from beijing, stay out of chinas sovereignty. Keep your mouth shut. Theres action on the trade front. The u. S. Has blacklisted 28 companies which are accused of helping in the repression of uighur muslims in western china. The Foreign Ministry there is considering retaliation. High level talks resume in washington this week, now with a more threatening backdrop. Its another day when the market reacts to headlines. Investors clearly worried again about china trade. The white house is also looking at limiting chinese stocks in u. S. Government Pension Funds. Now, were looking at a significant drop at the opening bell. The dow is off about 170, s p down 17, big drop for the nasdaq, down about 40 to 50 points. Heres what we have. Free speech threatened, American Business threatened, china playing hardball defense as it faces challenges from all sides. Varney company is about to begin. Stuart china trade, deputy level talks start today ahead of the hig
On pharma. Eli lilly with earnings. Novo nordisk, the drug cutting risk of heart attack and stroke by 20 well talk to mr. Irgin and echo star ceo a day after s p and nasdaq broke the fourday losing streak, stocks back in the red financials in focus among laggards after moodys talking about Interest Rate and asset liability risk. Whats incredible is we just went through the quarters. With the exception of, honestly, key, the quarters were good. A lot of them had inflows. People thought there would be outflows david, when you see these kinds of downgrades, dont you see yes, yes, yes. Good, good, good. Done, done, done move on, move on, move on. You cant pay for this kind of analysis. No, you really cant. Its important because financials represent a huge part of the market, and if were going to have blending, we cant have as much lending thats kind of what were saying my problem with it is it doesnt jive with the facts. It was entirely possible, entirely possible we could have been in a s
Sydney, 9 00 a. M. In hong kong. We have the polls and alabama, covering ahead of the special montgomery ahead of the special election. We will talk about the chinese appetite for u. S. Debt. This chart plays into how things have changed in terms of this debt binge on u. S. Treasuries china has had over the past decade, doubling its hold over u. S. Treasuries. That is starting to resolve because of a steady currency. You can see this conference relationship between where the dollaryen Exchange Rate is, and the levels of chinese treasury holdings. We have seen this fading of appetite for holdings at an inopportune time, when you have a plan republicans want to push through already adding to a ballooning deficit for the u. S. We have a situation where china owns more than 2. 2 trillion in any u. S. Government debt, and any selling of that could have ramifications. Wells fargo Holding Stable along that 6. 2 level. Very interesting implications for u. S. Treasuries, especially as we get th
Barcelona, you are out of luck. Yields moving down by 10 basis point and a softer stock market in spain. Down by 1 led lower by financials. Also watching brent crude up by 1 with the home of barkindo speaking Mohammed Barkindo. They say come join us in a cut, we need you. Jonathan lets head to spain. A moment of truth for catalonia. The president is expected to address lawmakers today. The National Police force is set to be ready to arrest him if he declares independence. Maria tadeo is in barcelona where she has been for the past few weeks. Get us up to speed. Maria two things you need to know. One is that is about to give a press conference. He will address the parliament at 6 00 p. M. , but there will be a press conference at 1 00 p. M. Nothing unusual. There is a story we put on the terminal, our very own scoop saying theres a unit of Spanish Police that will be ready to arrest him if they think it is necessary. That means if we get a declaration of independence. The whole Parliame