Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o
Alphabet, the stock higher after reporting a quarter that is under way. We have full Team Coverage under way and gene munster is listening in on his phone, and lets start out with deerd deid bossa. Im sorry guys just on the call right now the cfo was just talking and i was listening so intently because she was talking about the Second Quarter and shes seeing some signs of commercial activity recovering and she said it would be too early and too premature to make any kind of conclusion or talk about how durable that may be. Going back to the results the ad revenues were hit and perhaps not to the extent that wall street was expecting and they echoed the comments that cfo made saying that it was a tale of two quarters, strong at the start and then ad revenue declined he also struck an optimistic note saying he had reasons to be confident. Have a listen. Let me just explain that to you. He said he was optimistic because as they saw after the financial crisis in 2008, one of the strongest
Hello im come all santa maria this is counting the cost on aljazeera your weekly look at the world of business and economics this week coronavirus trade war 2 fears the pandemic we examine the impact on china its neighbors and the world including the possibility of it being as bad as the financial crisis a decade ago and our Regional Focus is on cambodia an economy like many that is connected through trade with the worlds 2nd biggest economy now faces the very real prospect of jobs lost. Cant pay one pay continues new. President takes a tough stance on the countrys unsustainable debt. It was a bruising year for china a trade war with the United States left its economy expanding at the slowest pace in 30 years and economists estimate 4000000 jobs may have been lost by the way that was 2019 this year is already being defined by corona virus thats killed thousands infected thousands more and has put the brakes on chinas economy in a very sudden mannah here the numbers economists polled by
Aljazeera. Hello im come on santa maria this is counting the cost on aljazeera your weekly look at the world of business and economics this week coronavirus and trade war 2 fears the pandemic we examine the impact on china its neighbors and the world including the possibility of it being as bad as the financial crisis a decade ago and our Regional Focus is on cambodia an economy like many that is connected through trade with the worlds 2nd biggest economy now faces the very real prospect of jobs loss plus cant pay 1. 00 pay continues new president takes a tough stance on the countrys unsustainable debt. It was a bruising year for china a trade war with the United States left its economy expanding at the slowest pace in 30 years and economists estimate 4000000 jobs may have been lost by the way that was 29 tame this year is already being defined by coronavirus its killed thousands infected thousands more and has put the brakes on chinas economy in a very sudden manna here the numbers ec
A. Palestinian Prime Minister told challenges era. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week coronavirus and trade war 2 fears the pandemic we examine the impact on china its neighbors and the world including the possibility of it being as bad as the financial crisis a decade ago and our Regional Focus is on cambodia an economy like many that is connected through trade with the worlds 2nd biggest economy now faces the very real prospect of jobs loss. Cant pay 1. 00 pay continues new president takes a tough stance on the countrys unsustainable debt. It was a bruising year for china a trade war with the United States left its economy expanding at the slowest pace in 30 years and economists estimate 4000000 jobs may have been lost by the way that was 29 tame this year is already being defined by coronavirus its killed thousands infected thousands more and has put the brakes on chinas economy in a v