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Those u. S. Foods from additional tariffs. Trade talks are expected to resume in the coming weeks. A flash flood in the capital of algeria inundated subway stations and the airport. The damage described as enormous. In 40 minutes, the area got as much rain as it normally does in three months. Residents say city authorities failed to maintain gutters and other infrastructure. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, i...

Has something President Trump does not. That is a central bank he can factor into. When you look at it from a broader standpoint, as the debate continues on to whether or not therell be an economic recession, the president heading into the 2020 reelection cycle by attacking fed chair jay powell, who he nominated. David thanks. We will talk to about that problem with china. In the meantime, lets turn to ben on tax cuts. We had President Trump say he is thinking about tax cuts, including capital gains. Could he do that . Ben it would be very controversial and probably face a legal challenge. The...

They are indeed. Steady progress for england on the second day so far of that first ashes test at edgbaston. They have had a bit of luck along the way but rory burns has just passed 50, england 88 1. Thanks, hugh. And louise has all the weather a bit quieter out there. It certainly is. Im pleased to say that we have got sunny skies, and the showers are few and far between today, a much better picture in parts of derbyshire. Ill have the Bigger Picture coming up in half an hour. Thanks, louise. Also coming up is this your aircraft, sir . The plane that landed on a busy street and had the police...

Was priced in. The story of the day is on the fx markets. You can see the dollar index moving to the upside. Most of that is down to the weakness of sterling. It does look as though volatility is creeping up and spiking further and further. That is implied volatility in the white line. Sixmonth in turquoise. Three months from now, dont forget that is when we have the punitive date of britain leaving the european union. 1. 21 at the moment, some suggesting we could go to 1. 18. Are we pricing in a hard brexit already . Volatility coming up. We are at levels we have not seen since february, perh...

First half net profit jump for roche as they lift their Sales Outlook for the year the ceo tells cnbc the trend will continue into 2020. Given the strong momentum we have with the new medicines, we also expect growth beyond the current year and to be able to continue to overcompensate the effect of the entry of the bio similars. Astrazeneca shares hit a record high as they beat Second Quarter estimates. The ceo hales strong growth in cancer drug sales. It was a growth rate of 19 this was driven by oncology Franchise Growth of 58 . We got to 4 billion for the first half, china grew by 35 . So v...