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Sending shares higher. Ocado shares spike as the online retailer offers a tie up to grow its ecommerce business. And socgen says it will close about 15 of its banks as the french bank looks to cut costs. Well speak to the cfo at 14 00 cet. The uks largest lenders passed stress testing with flying colors. The bank of england indicated none of the banks it tested needed to raise additional capital. Rbs and barclays who fell short last year boosted capital to a sufficient level the bank of england also said banks could withstand a disorderly brexit, but governor mark carney hoped for a transition agreement soon. The time of achieving a transition agreement, the sooner the better i wont put an end date on it. Any transition period will be valuable we signaled back in june of this year some major risks around derivatives, around insurance, around data, around other aspects of the Financial System, these crosscutting issues, we provid ....
The thousand kilometre per hour tube ride. Welcome to bbc news. You startling United States where the federal government is on the verge of being shut down. If the senate doesnt approve new budget measures by midnight local time, but five hours away from now, any services will be frozen. Immigrants and republicans are deadlocked in the senate over a dispute on how to handle immigration policy. The minority leader chuck schum i visited the president at the white house just a few hours ago and while he said that progress has been made, it is clear that there is still a way to go. Schumer so help me god. Congratulations, mr president. A year ago today, donald trump stood on the steps of the capitol, promising to make America Great again, promising to drain the swamp, promising to fix the nations broken politics. This american carnage stops right here and stops right now. One year ....
A blowout session in shanghai overnight. Best single day gain in more than three years on a pretty decent pmi. Europe has also been a blend of red and green as the ft names ecb chief the person of the year. Were going to kick off with breaking news. For that would, we go to david faber. News on best buy, in the news yesterday. The stock up sharply. What we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. Giving schultz the opportunity to look at not Just Christmas sales, but the end of their fiscal year, which will end at best buy on the 31st of january. And that window, again, wi ....
States senate and the American People look away from the evidence. Look away from the charges. And this is an attempt to distract us in the job in front of us. Which is to determine the veracity of those two articles of impeachment, which are clearly to your point. One of them about the president s attempt to interfere in the election in 2020. By encouraging a Foreign Government to actually manipulate the process. I know you have to run, but im going to let Claire Mccaskill jump in real quick. That was a record role call vote. I want it right. You get everybody in that room and they cant leave. Thats what you get. I want to ask you, if in fact there is a vote to allow bolton to testify, are you all discussing what you do in terms of your play on them trying to keep that testimony behind closed doors under some kin ....