At 1. 08. The unstoppable market as investors digest the details of that china trade deal. Stocks ready to open on new records. Southwest is pulling the boeing 737 max until june. Airlines are digging in for more delays. And shares of Morgan Stanley before the bell. They posted record profit and revenue in 2019. Stocks looking to make more history a day after the dow closes above 29k for the first time and the president signs that phase one deal with china the s p on its way to the seventh weekly gain in eighth. Total holiday, exauto and gas up 44. Names like target might have been an execution issue. Yeah, i have to say that. I just dont find any other excuse i do think that Brian Cornell pretty much said, listen, we screwed up other people, other stores kid better that aggregate number is so much stronger than anything you saw from target. I have to believe they went to walmart, best buy or costco but they sure didnt go to target. Were going to get more earnings as we shift from the
The uk government is being urged today to address Border Delays by the manufacturers association, make uk. Customs paperwork and checks introduced since brexit are leading to some disruption of imports and exports, according to their research out today, with produce going to waste because of delays. Make uk found 61 of businesses are facing supply Chain Disruption either importing or exporting to and from the eu, and nearly a third are having their Supply Chains impacted in both directions. Companies are also struggling to prove the uk origin of their goods in order to qualify for zero tariff access. Ben fletcher is director of policy and engagement at make uk. We were warned there would be weeks of difficulty, Teething Troubles, et cetera, is this not what it is . I troubles, et cetera, is this not what it is . Troubles, et cetera, is this not what it is . I think one of the critical not what it is . I think one of the Critical Issues not what it is . I think one of the Critical Issue
For a good and to phase one talks between the us and china on trade. Its the worlds most Profitable Company and now the oil producer aramco is set to go public. Regulators in saudi arabia have given the go ahead for part of the state owned company to be listed on the Riyadh Stock Exchange in what could be the worlds biggest initial public offering. Our Business Correspondent Katie Prescott reports. Saudi arabia produces one tenth of the worlds oil. Managing that makes this very Unusual Company the most profitable in the world. This flotation has been years in the pipeline. We are the leading company when it comes to energy. We have the highest numbers of reserves, well managed reserves. We are, when it comes to conventional production, we are a major player when it comes to gas and in terms of sharing it with the west of the world, i am sure it will be a positive outcome for the company and we are looking forward to that. The aim is to diversify the saudi economy away from a dependence
Turbulence in the Airline Industry has seen a spate of bankruptcies. Carriers face headwinds from increased competition, particularly among budget carriers, to rising fuel prices at a time when the Global Economy is slowing. Later today we find out how budget carrier easyjet, which posts results, is faring. 17 airlines have gone bust worldwide this year, with bankruptcies increasing at the fastest ever rate. Among the most high profile to collapse, indias jet airways, British Travel group thomas cook, and brazils avianca. Many airlines have also been hit by the grounding of the entire boeing 737 max fleet following two fatal crashes. That has driven up waiting times and prices for new, second hand and leased aircraft. And a recent survey suggests one in five travellers is flying less, perhaps fuelled by the swedish concept of flygskam, orflight shaming, as people foresake flying for the sake of the planet. There is a lot going on impacting the industry. Adrian yanoshik is Equity Resear
The day after may soon be aokay with your boss. It is wednesday, september 25th. Fbn a. M. Starts right now. Brandnew day. A brandnew day. Lauren it is a brandnew day on fbn a. M. Good morning. Im lauren simonetti. Cheryl brandnew for your money. Good morning, everybody. Im cheryl casone. Lauren it is looking a little better this morning. Lets show you yesterday after House Democrats ramped up demands to impeach President Trump. The s p 500 and nasdaq seeing the worst days in a month. Cheryl taking a look at futures, were seeing more pressure man. We had stabilization earlier in the market. Global markets under pressure. We have further fall for the dow, 72 to the downside, subpoena down 9 andahalf s p down 9 andahalf. Lauren the yield on the treasury stands at 1. 64 . Cheryl taking a look at oil, price of crude is lower again. Saudi arabia continues to repair their facilities damaged in the recent attack, being blamed on iran. Gasoline prices in this country down a fourth straight day