Inversions plus, tiffanys mixed quarter, the luxury retailer with an earnings beat. Peloton getting set for the public debut, widening losses ahead of its initial Public Offering as we have said twice now, stocks are set to open lower on worries about Global Growth and the risk of recession. Investors paying close attention to that yield curve and its inversions of the two and ten as well as trade tensions between the u. S. And china about an hour ago or so, we got a president ial tweet, quote, so interesting to read and see all of the free and interesting advice im getting on china from people who tried to handle it before and failed miserably. They got taken to the cleaners, were doing very well with china. This has never happened to them before this being a preference to the large tariffs in place that are set to go up september 1 and then december 15 and the overall there has been some press that echoed some things i was hearing shared on monday that the idea that the chinese have
From the start. Global uncertainty the most important issue for their markets as jackson hole discusses threats to growth. An hong kong protest take an ominous turn. Place drug guns and fire a shot, as demonstration turned violent again. Shery lets get started with a quick check of markets. U. S. Futures at the moment plunging 1. 1 heard this after we ended the regular session friday and President Trump escalated the trade tensions against china, saying he will boost tariffs. This coming after chinas retaliatory tariffs. On friday we saw a negative sentiment across markets. The dow falling 600 23 points, the s p 500 lower by tack and Technology Energy stocks. After chairman Powell Comments at jackson hole which raised speculation now about the fed potentially easing more in the coming months. That felt 3 . Continue to see these fears of recession. Two 10 yield curve. We saw the three 10 yield curve. We are seeing that anxiety play out in the markets. Lets see how things are playing sha
Over. 1 treasury yields, this morning were taking a look and youll see that its trading at 1. 5 . 1. 543 to be precise the two year a little higher than that in terms of the yield. 1. 518 this is no way to run a business, obviously. Im talking about torte reform and things like that when one judge can say yeah, 17 billion he didnt. No, he didnt but he could have thats what we deal with in todays with trial lawyers. Now to get to a developing story this morning, i got my editorializing out even before. Started at least. Thats what the story was Major Court Ruling this is just one state too this is oklahoma we know about the Opioid Crisis. It was against Johnson Johnson. The judges ordered them to pay 572 million for country bouting to the opioid economic in oklahoma under the public nuisance law theres 50 states by the way. Theres also municipalities. Think about it. It says j and j and its unit repeatedly down played the risk of addiction doctors were targeted as key customers. It cove
Found evidence of a sustained associated with hrt. Two prominent pro democracy effort to hack iphones over a period campaigners are arrested in hong kong, as police ban of at least two years. A planned weekend protest. Will have the markets for you. The european indices picking up on a rally from asia overnight. Some optimism around potential talks to what resolve the us china trade war. Its been a big week in politics here in the uk with the brexit saga and also abroad how does that change the Economic Outlook . Well have Andrew Walker with us to canter through the future for the uk, italy and argentina. Researchers at google uncover security flaws on iphones with hackers potentially getting hold of contacts, photos location data. So today we want to know how quickly do you apply Software Updates . What else do you do to keep data safe . Let us know just use the hashtag bbcbizlive hello and welcome to business live. Happy friday. We start our programme in the us where trade tariffs wi
Hello. Our weather is coming in from the Atlantic Ocean and we know how u nsettled the Atlantic Ocean and we know how unsettled that means our weather is going to be. A lot of cloud coming in on some fairly brisk south westerly winds and the weather front focusing the thickest of the cloud and bringing rain to Northern Ireland and scotland. The rain in highland scotland, but not as windy as yesterday. For many parts of england and wales, still dry, rather confused skies here in norfolk. Mostly high cloud so some hazy sunshine for much of the midlands, southern england, quite warm towards the south east, highs of 25, 26. Those temperatures depressed further north with more cloud and rain continuing through this evening and overnight across Northern Ireland. The rain developing more widely across scotland, so heavy rain particularly into the hills. Beginning to work its way to england and wales, where it should be largely drier overnight, fair bit of cloud and quite warm as well, tempera