On the day could be the reemerging trade war between the u. S. And china, china saying it will slaps sanctions on defense contractors. On this we have greens and other commodities lower, along with stocks. The chip index is a poster boy for the u. S. China trade war that is underperforming, down 2. 5 . That is another nuance developing, as if we needed more. Guy talk to us about david talk to us about the bonds. Last week we were talking about the reflation trade. We saw the 10 year goa above 85 basis points. Now i see it below 80. What happened to that trade . Abigail that is the bid for bonds. That tells you some traders are nervous. They are hedging around not just today but last week. That is why we had bond selloff last week. The yield curve steepen spirit we had stocks down. The nasdaq 100 down for the first time in five weeks. Todays trading action is a continuation of what we did have last week, and it is interesting. Another piece you and i were talking about last friday was t
Also on the programme. Israel kills a top islamichhad leader in gaza and braces for retaliatory rocket attacks. After nine years at sea, a message in a bottle finally receives a response. Thankfully, it wasnt an 505. Hello and welcome. Im Christian Fraser in Bishop Auckland, and Michelle Fleury is in new york. We are just over a month from the uk general election and its in places like this County Durham where the vote could be won and lost. Bbc news will be visiting ten areas of the uk where seats will be closely contested. Today, weve travelled beyond the bubble to Bishop Auckland in the north east of england. Its a marginal labour seat which voted decisively for brexit. Well, yesterday the brexit party announced they would not run candidates in seats won by the conservatives in 2017. But they will stand in Bishop Auckland, making the seat even more marginal and more unpredictable. Last week, we were in leeds on the doorstep with the canvassers. This time, we have steered clear of th
He was standing down as an mp. Well have the latest on the campaign, which is still not formally under way, as parliament is due to rise tomorrow. The other main stories on bbc news at 5. The senior conservative Jacob Rees Mogg apologises for saying that residents of Grenfell Tower should have used common sense and left the building, instead of listening to fire brigade advice. And the South African springboks get a heroes welcome as they return home following their victory in the rugby world cup. Its 5 oclock. Our main story is the launch of the liberal democrats Election Campaign, claiming to be the only Party Standing to stop brexit, and that staying in the European Union would produce a £50 billion so called remain bonus over five years. The party leaderjo swinson say this could then be spent on Public Services. For labour, Jeremy Corbyn said a Labour Government would get a brexit deal done in six months, promising to secure a better agreement with the eu, and then put it to the p
Investors against what of waiting care to figure out what we are going to hear. I should point out we are watching the banks stocks today. We are still seeing this gain in stocks. The shares are rising with upgrades over morgan stanley, shares are looking an expensive right now. Hat bank index is up algeria saying that opec meeting could be transitioning from informal to formal. That appears to be raising hopes potentially about what it will mean for some kind of production freeze. Despite on those headlines. They are coming back down a bit but still hanging onto a gain of. 5 . We have an intriguing deal with me pharmaceutical industry today. With allergan buying this little as 1. 7pany for as much billion. Even if the experimental drug it will meet goals, still get a 498 premium with an 89 Million Company as of yesterday. It all has to do with this experimental drug, which is to treat a kind of Fatty Liver Disease in people who are not drinkers. Apparently this is a growing area and o
The gun was in one shot the bullet was 100 miles per hour. Veronica youre chasing a story about a scathing article that was written by Matt Friedman. He straight for the starledger. About an Assembly Candidate that tweeted about supporting muslims. She is running for new Jersey State Assembly 18th legislative district. On tuesday, Matt Friedman of political new jersey reported on a handful of her past tweets from her twitter handle, add jersey love to a. One of those tweets was from january 25, 2015, is that when you are we decided to start supporting muslims, crime went down. Sweden, europe, and america down. Sweden, europe, and america should take note, muslim with the article was titled norway has finally had enough of radical muslims so they deported them all, what happened next. , while. Snover responded to the article with a statement, in part it said the Columbia School of journalism should demand its diploma back from Matt Friedman. Then i spoke with her on the phone, spoke wit