that's all for this edition of "dateline." i'm craig melvin. thank you for watching. [music playing] ♪ very good morning, everyone. welcome to "street signs." i'm silvia amaro and here are your headlines. apple loses over 13 billion in taxes owed to ireland with the regulators trying to retroactively change the rules.

apple unveils the iphone 16 and fails to impress the market and huawei reveals the trifold head set. and european stocks trying to keep up momentum, but the ftse 100 leads losses in early trade after wage growth slows to its weakest pace in two years. and kamala harris and donald trump prepare to face-off for the first time as polls show they are neck and neck in the presidential race. good morning, everyone. we start today's show looking at the latest news from the european court of justice. apple must pay ireland 13 billion euros in taxes after the ecj ruled the country granted the world's most valuable firm

illegal state aid. apple is disappointing with the ruling and says eu regulators are trying to retroactively change the rules. the eu upheld the fine imposed on google over alleged abuse over the tech giant's dominant position in the shopping space. the top court dismissed the case by alphabet. we have arjun kharpal looking at the announcements from the ecj. a big day here for the european commission, arjun. outline the importance of these two rulings. >> absolutely, for apple, this case began in 2014 when the commission started looking into the tax affairs in ireland. it was 2016 where they off officially said or granted legal

state aid. there were appeals and multiple courts and finally the european court of justice said apple must pay the back taxes. that is the big part of this. the second is around alphabet and its shopping sites now. the commission alleged google favors its shop sites over rivals and charged the 2.4 billion euro fine. it feels like a big win as the competition chief who has been, you know, hounding these tech companies over the last decade or so, begins to exit her post as well. it's very significant. we know a lot of the big u.s. tech companies are on watch in europe. a lot of these cases are slightly older cases. since then, things have changed. we have the digital markets act.

it is almost trying to tear down some of the walled gardens these technology companies created and say you have to give consumers choice. you have to be able to have rivals be able to compete. that seems to be the focus now shifted. the ireland tax issue feels quite historic in the past now. now clearly the attention from the commission and european regulators on the so-called gatekeepers and their practices at the moment. the commission has been very, very active over the past few months in putting charges across the investigation into the big tech giants operating here in europe. >> when you think about this case involve be apple in ireland in specific, arjun, it has been a bit of a roller coaster. over the last temperatun years, have been so many changes and no

doubt, it marks the end of her commission. she is due to speak in about an hour in brussels. let's see what she has to say later on. nonet nonetheless, it is an important moment for her. the question i have, what is the next person, what is the next competition chief going to do here? of course, we don't know who that person is. let's wait and see. ultimately, the keyquestion that we've had for all of these years is what sort of changes will the big tech implement in the wake of these cases that the commission has put forward. whether it's taxation or other anti-trust issues. have you seen it from the big tech companies in this space? >> i think for a while, there weren't many changes. everybody talked about dpr. the tech companies continued to grow and increase the presence. i think most recently with the digital markets act, that forced

real changes to some of the tech companies operations. you think about apple now having to allow other app stores on its platform here in europe. that is something that was unthinkable a while ago. apple doesn't like necessarily bringing in third party developers, not developers, but platforms on to i0s. those are some of the changes. it will be interesting to see for inter operability and how it pans out over the coming months as well as the digital markets act continues and continues. the key thing here is the u.s. companies have innovated over the years. their products around the world. they have been very good- by being the best products on the market. that is why consumers use apple

and use search. the next competition commissioner is the balance that they have not gotten right with regulating and innovating. one of the arguments europe made is the dominance of u.s. players meant european companies, tech companies, haven't been able to compete. actually, where is the competition? europe hasn't created any of the giants the likes seen in the u.s. will all that change with the a.i. trend? i don't know. there are promising start ups i europe. there is regulation and also the ability to build the powerhouses in technology. that is something the european union has not managed to do. >> i believe that is actually going to be the big challenge for evwhoever is at the competition portfolio next. if you hear the conversations in bri brussels, they are focused around being competitive.

we will talk about this later on in the show that highlights that as well. the next line for the competition chief is going to be narrower in terms of trying to, you know, keep an eye on what these companies are doing and also allowing for competition and innovation on the european continent. also more broadly, when you think about all of these rules and tools that the european commission has actually put forward over the last decade, it seems they are always inevitably trying to play catch up. when it comes to a.i., that is now the big theme, right? to what extent when you think about the a.i. legislation the u.s. put forward, to what extent are they ready for this race? >> in europe? >> yes sp. >> what is interesting about europe is the fast startups. you look at companies with the backing of microsoft and grown quickly and its valuation has ballooned. there are a number of other companies across europe that are

doing really well. i think the key is a lot of hype right now and they are getting big valuation. can they turn that investment into a business model and the ability to grow and compete with some of the american players? that's the big step. always good product and research, but the commercialization step has been missing in the equation. that is the big thing here whether they can get enough customers on board and whether they can grow and effectively compete with the u.s. tech giants. we don't have any massive cloud players with the likes of google or amazon, for example, in europe. that's a big thing that's missing in the puzzle. you know, europe pretty much missed out on the social media and internet age in many ways because the largest search engines are not from europe. the largest companies are not from europe. either from the u.s. or china. the next a.i. wave is where

europe can compete. that's a big question. >> let's see what's going to happen. we will have more to talk about. there is plenty happening on the tech space. stay with me, arjun. apple released it's iphone line on monday with the a.i. integration rather than the immediate rollout of the new features. the device will have a new action button which allows users to access the camera more easily and control some apps as well. shares closed flat on the announcement. meanwhile, huawei announced the launch of the three-way foldable smartphone hours after apple unveiled its latest iphone. the chinese tech giant says more than 3 million people pre-ordered the device. research from idc suggests that is more equivalent three quarters of the global foldable phone market. arjun, plenty here. compare both announcements from

huawei and apple. who is coming out with the biggest innovation? >> this is the first of its kind device. trifolding the phone. the company is showing off what you can do. unfolding it like a newspaper and read across it. there is a detachable keyboard to turn it into a laptop. the pricing is key. huawei's phone starts at 19,999 yuan. that is $2,800. the price degoes up depending o the storage. this is more of a showoff play from huawei. they are not expecting this to sell in huge numbers or units. what they are trying to show is almost a message to the u.s. to washington that no matter what restrictions you place on the company, we will still innovate and bring out leading devices in the market.

i don't think the timing is coincidental hours after the iphone 16. huawei is talking about the a.i. on their phones and all that. i think the competition in china is ramping up for apple since huawei's return to the market last year in smartphones. you already seen that with apple dropping out of the top five players in the chinese smartphone player. i can't remember ofthe last tim that happened. don't expect this to sell in big numbers, but a device huawei wants to show it still has innovation left. >> it is interesting and indeed, the comparison is interesting because it feels both companies are betting on different things at this stage. thanks for the update. arjun, always great to speak with you. i want to take you to the

market action so far in europe. equities have been trading for an hour and 15 minutes or so. at this stage, you can see it is very much green across the board. we are continuing to see a rebound in european equities. this after the stoxx 600 gained .8% on monday breaking a five-day losing streak. that momentum seems to be continuing this morning at this stage with the stoxx 600 up about .2%. i want to take you to the different bourses as well so we get a better picture across europe at this stage. the ftse 100 is the only one trading in the red at this stage. the data this morning suggests that employment increased above expectations in july. pay growth cooled in the three months to july and these numbers have actually been interpreted as boosting the argument for further rate cuts from the bank of england. let's see what we will hear from

the bank of england. nonetheless, i want to take you to the sector breakdown to show you the different picture across the different sectors as well. when it comes to the top gainers, we have real estate as the top performing sector at this stage up 1.07%. retail also trading in the green. i would like to highlight technology. we continue to see a rebound in some of the tech names. i would highlight actually the latest results from oracle are boosting a little bit of the momentum across the tech space with many investors highlighting the growing demand for cloud coverings is seen as a positive for the overall tech space. when it comes to the other side of the equation, the worst p performing sectors that the stage, healthcare is the worst performing sector. the latest announcement from astrazeneca is the worst stock

in the ftse 100 after their key lung cancer trial disappointed. we'll continue to monitor that. when it comes to u.s. futures, this is how we're shaping up ahead of the open on wall street. it could be a bit of a mixed picture. the futures indicating moves slightly above the flat line. obviously, investors are still in the wait-and-see mode as they await the cpi print due on wednesday. indeed, that key debate whether we see the fed cutting rates by 25 or 50 basis points next week. to discuss what's happening in more detail, i'm pleased to say i'm joined by our next guest which says bad news for the economy is bad news despite being good in the first half of the year. louise dudley joins me from federated. >> thank you. >> i would like to cite our

conversation about the debate that investors seem to have at the stage. the data suggests we are likely to get a 25 basis point cut next week by the fed. i would like to understand which camp you are in this stage. >> we are definitely in the 25 camp where the majority is. i think that's moved in the last week. i think people with the latest data points that you don't have to go for a 50 point put. that is not what they want to do. that's certainly where we are. the other thing is we're more in the soft landing type camp rather than the hard. we think they have done a good job of easing inflation and, therefore, we will get there. it obviously remains to be seen to see how it plays out. the latest numbers on job openings do seem to be a bit

weaker. >> how does the cpi released on wednesday come into play here? is that room here to push for a stronger cut? >> it depends how extreme it is. i think in general, things seem to be in general a bit better than people are expecting. certainly, the latest numbers from the retail stocks came in a bit better. so, that kind of consumer angle is better. we do know consumers are trading down. at the same time, i think, you know, they're going to continue to watch the data. we've got a week until the release and when that comes. i think from the latest outcome from powell, he doesn't want to shock the market and unlikely he will go for the 50 basis points. >> what will that dpragradual

approach from the fed mean for global equities? >> from our perspective, we do expect it to be quite choppy and taking advantage of any volatility we see. the market certainly is reacting a lot to these individual data points. at the same time, everyone from now this time of year seems to focus on the election and next year. we think, in general, we continue to see some of that broadening of the market. we don't see those biggest growth tech names doing as well as they have done. that said, they're still offering the best growth in the market. so, we continue to be quite broadly positioned. to say we're not expecting the hard landing. we have not moved as defensive as some people have. >> tell me, what does that mean for the outlook for tech because it seems that you're giving me a

bit of a mixed picture here. to what extent is the u.s. election actually tells investors they should be a little bit more cautious and actually put stocks like big tech on the side for now as you await for clarity on the u.s. election? >> i think we all know there's still a lot of spending within the tech sector and still sectors that need to get up the curve with a.i. and all that supply chain spending that's going to happen. we have adobe numbers this week as well. it will be interesting. that software is doing quite well. i think there are definitely opportunities within tech. i think one of the things we're conscious of is the names of being overbought and sentiment within them. longer term, the tech sector is a significant part of the index and it does offer the best growth rates. i think in terms of the u.s. certify versus europe, we favor europe.

>> how did you read from the announcement from apple yesterday? more broadly on the outlook for the a.i. use. that's how they're -- they're marketing the iphone 16. on this promise you use more a.i. features although we are not sure how that's going to play out. more broadly speaking, when you think about the tech sector, how did you read the announcement from apple yesterday? >> i think a lot of what they talked about was pre-announced. there wasn't too much market moving information. we saw that in terms of the price move. that said, i think it is a step forward that they made in terms of people being able to have it on their phone and when people do actually get hold of it, we'll maybe start to see some actual momentum coming in and people will get genuinely excited about it and fuel it. that said, on the chinese side, we are seeing lots more competition coming in.

apple always saw china as a gr growth market for them. >> fair enough. thank you for your time. louise dudley at federated hermes. coming up on the show, words of warning from dromario draghi he looks at the europe's findings. people break down the latest after this break.

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welcome back to "street signs." let's look at global trade. the wto says it has been transformative in poverty that institutions are creating an unequal world. the economchieeief economist sp.

>> we wrote our report last year because we are trying to change this narrative and actually show to people that trade has been and can be a powerful driver of inclusiveness. just to give you one fact, if you look at low and middle-income economies since the foundation of the wto 30 years ago, their income has almost tripled. that has led to a narrowing of the income gap. trade is a huge force for good or can be a huge force for good for the economy. meanwhile, the european union needs up to 800 billion euro in additional investment per year to meet the key competitiveness and climates. that is according to the report from the economist and former ecb president mario draghi.

it is being threatened by weak economic growth compared with the u.s. and china. draghi said a lack of policy coordination means the eu is punching under its power. >> all we have to develop is a foreign economic policy here. of course, many of these goals are not new. member states are actually doing this on their own, but in so doing, we are really in a sense punching under our power. we could do much more if all these things were done as if we acted as a community, but we lack focus on key priorities and we don't combine with generative scale and we do not coordinate with policies that matter. >> a very important moment for the european union as we're seeing a new mandate about the

start. of course, ursula von der leyen is starting a new term and mario draghi published a paper earlier this year which boosts the argument that the capitals are having at the moment of how to strengthen the bloc. this is a challenging topic for the bloc. of course, you have 27 nations with the different views and intense growing competition from other big players such as china and the united states. the eu is looking at itself trying to understand how it can better compete in the global scene and at the same time, it has the strictest decarbonization targets. how to pull all this together is the big challenge for the next

policymakers in brussels. of course, we'll continue to monitor what they will be doing and the announcements on the key portfolios and who is getting which portfolio in the coming weeks. coming up on the show, we'll be looking at global dividends. they hit record highs in the second quarter and we'll find out why after this break.

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welcome back to "street signs" everyone. i'm silvia amaro with your headlines this hour. apple despite the european court of justice owes taxes to the ireland. and apple unveils the iphone 16, but fails to impress the market. huawei reveals the latest phone and racks up pre-orders. and the ftse 100 leads

losses in the early trade after uk wage growth leads the weakest space in two years. and vice president kamala harris and donald trump prepare to face-off in the debate as polls show them neck and neck in the race. now, european equities have been trading for about an hour and a half or so. you can see it's mostly in the green. we're seeing a rebound in europe this morning and continuing that momentum that we had seen already on monday when the stoxx 600 actually ended a five-day losing streak. at this stage, you have the stoxx 600 trading higher by about .2%. let me take you to the individual bourses across the continent as well.

when you think about the ftse 100 at this stage, it is tracking .4% lower. this is despite the data suggesting that pay growth cooled in the three months to july. a lot of analysts reading these numbers and thinking that this is actually boosting the argument that the bank of england could be in a position to cut rates further later this year. of course, when you think about some other moves across europe as well, the cac 40 in france tracking higher by .5%. it is also one of the top performing bourses on monday. let me take you to the individual sectors. looking at the top performers, at this stage in the session, we have been seeing a rebound also in some of the tech names. at this stage, real estate is actually the top gainer by about 1.1%. construction and materials also trading higher by almost 1%. when it comes to the worst performing sectors, this is the

picture at this stage. you have healthcare tracking quite lower at this stage down by .6%. as i told you earlier in the show, one of the key drivers behind this performance within healthcare is actually the announcement from astrazeneca. they actually released data on their key lung cancer striels whe trials which the information is disappointing and that is translating into the negative moves and astrazeneca suffering a lot this morning. and i want to take you to the session on wall street. you see on the screen that it could be a bit of a mixed picture with the nasdaq under a little bit of pressure. we continue to see a little bit of volatility ahead of the cpi print due on wednesday. investors still very much asking the question what the fed is going to do next week. at this staplge, investors pric

in a chance of a cut. the question is will the fed cut by 50 or 25 basis points? at this stage, the majority of participants feel we will get a 25 basis point cut. later on today, we will hear from two fed officials. let's see what they will communicate to the market as we approach the key meeting next week. meanwhile, global dividends rose in the second quarter up 8.2% driven by record payouts. that's according to the new report which says one-third of sectors saw double digit growth. arabile has been looking at the numbers. arabile, just guide us through what has driven the performance for dividends. >> it's really various factors at play in the second quarter where this report is based on. it was a good second quarter to

have held some of the stocks in fact then. surprisingly, european companies were the ones that made the record payouts in the second quarter. it was up 7.7% year on year. could it be based on the fact they needed to do that when the share price dropped? perhaps. the uk led the way with 14% with 36 be $36.4 billion. it was lower in america only up 5.6%. asia pacific payouts were flat. we have done the regions. let's go by industry. media and communication and banks were the leading sectors. the initiation of the dividend payments by large u.s. companies like meta and alphabet boosted the global q2 growth rate.

the overall figure and overall figure for north america stands at a absoluslightly lower one. hsbc and nestle were the biggest in the second quarter. hsbc announcing 10 cents per share in the second quarter report and a q3 share buyback of up to $3 billion. meanwhile, nestle said it repurchased 2.4 billion swiss francs in the first half as part of the three-year 20 billion franc buyback program, silvia. >> i remember a couple of months ago we were discussing the trend among european companies. they are now increasing their dividends. the question is sis this a tren that will stick around? i'm pleased to say we have janice henderson looking at these numbers as well.

good morning. thanks for joining us on the show. my first question is whether this is here to stay because arabile was just guiding us through some of the numbers and regions and companies involved. what we need to understand is the trend is here to stay. >> it's no doubt we had really good numbers out of europe in the second quarter. i do think the numbers are encouraging. we are expecting dividend growth of 6% f. if i look at the long-term growth rate since '09, it is 6% per annum. basically, i think growth is looking encouraging for the rest of the year and into 2025. >> what i like to understand as well is the outlook for the european equities. we are in a new political cycle in the uk as well.

there are reforms to the capital markets in the uk as well. what outlook with the uk names specifically? >> in the second quarter, uk growth was quite dull because the miners were cutting dividends. if we stripped that out, growth was 8% with dividends. when we look at balance sheet, it is strong and good cash flow generation. we are seeing upgrades to economic growth. at the beginning of the year, we are at 1.1% growth. i think the uk is looking attractive. balance sheets aren't stretched. decent dividend yield. 4% dividend yield. i think the outlook is really good for the uk. >> jane, the problem for the div dividends, you can't stop.

you are seen with the share price and you hit a snag as well. are you seeing this trend because the share buybacks are more popular in play here or is there sufficient growth and value within the stocks now which is allowing them to do so or is it just the hefty pockets we have seen along the players? >> we have to remember that during the pandemic a lot of companies in europe and the uk reset their deividend levels. they reset at sustainable levels and started to grow a little bit. we have seen the excess share. share buybacks can be turned on and off quickly. there's no signs that that's changing. i think they're seeing disciplined capital management out of companies and corporates recently. the share buybacks is their way

of saying our shares are cheap, particularly in the uk and europe. we'll buy these back as another way of returning back shareholder value. >> if you wanted to look at returning a similar, you could look at the gilt market and seeing gains there. is that perhaps a switch off from the equity side to the gilt market just purely because of returns? >> bond yields are looking attractive with the yields much higher. let's remember with dividends, you have the growth element. you don't get growth with a coupon. the coupon is just paid. dividends grow over time. that's what gives you the element of capital growth and share price increase. when we had low bond yields, we didn't see stocks do well. i think they are unloved and i think there is a lot of value in these companies and they are in

the a.i. space dominating markets. a lot of companies out there looking attractively valued on decent dividend yields. >> jane, i like to get your thoughts on the u.s. performance. when i was reading your report, you suggested the levels we saw in the second quarter, the weakest and lowest levels we have seen in three years. could you outline for us what were the reasons behind this? >> i think in the u.s., we have seen some of the share buybacks pulled back. i think that's just because there is uncertainty around the economy. are they going to go into recession? we obviously have the presidential election. there is a bit of uncertainty around. share buybacks had gotten to a high, high level. it has been pulled back from the very high levels we've seen. going forward, though, what you want to see is capital discipline. if a company thinks they have excess money to buy shares back with, that's great.

ultimately, what we want for them to invest to have sustainable business models and pay a dividend. if they have excess cash on top of that to buy back shares, that's an option for them. >> interesting. thank you for breaking down the research. thank you for your time this morning. jane showmake, client manager on the income team at janus henderson and, of course, arabile gumede. and david solomon has warned the goldman sachs will fall. solomon added they will take an impairment charge of $400 million as it pulls back from consumer banking. citi cfo says banking fees are set to jump 20% in the third quarter. citing rising activity in m&a and debt capital.

u.s. banks are set to see a 9% rise in capital requirements from regulators according to bloomberg which says authorities have struck a deal on a fresh set of rules. the original proposal called for 19% that the banks must obtain. michael barr is expected to unveil the rules later today. our u.s. colleagues will sit down with two banking heavyweights which is c.s. venkatakrishna and brian monihan. coming up, we will have the latest on kamala harris and donald trump as they prepare to debate.

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politics. kamala harris and donald trump will face-off today in the first and potentially only presidential debate. polls show that the two candidates are neck and neck in this race for the white house. lindsey newman, expert, is joining us for more. good morning. thanks for joining us today. first and foremost, as we look at this debate later tonight is whether this debate can actually decide the november election. >> thank you. thank you for having me on. as you said, we are narrowing in on two months before the election. tonight's debate is the first opportunity voters have to see vice president kamala harris on the debate stage. it is also the first time to see harris against trump and that picture side by side. we know, remarkably, from harris' acknowledgment, these two have never met. this is a remarkable dynamic in

the election race. the race is a dead heat. harris is up 1% in aggregate polling. this will come down to tens of thousands of voters in a handful of swing states. i'l all eyes on pennsylvania and on election night. >> what kind of debate are we likely to have tonight? the first one, and, of course, there were different players on stage, was very much dominated by attacks to each other. tonight's debate given we have kamala harris from the democratic party, what sort of debate will we have? how heated is this likely to be? >> that's a good point to go back to the june 27th debate when president biden took on trump. that was the moment that the voters saw that biden was not prepared to continue on and it was decided he would not

continue on and set up this moment tonight with harris going up against trump. what does success look like? success for trump looks like a repeat performance from the june 27th debate. he was more engaged and vibrant and more capable candidate. the question is will we see that trump or truth social trump which struggled to provide a consistent message to counter kamala harris. success for harris now is a tougher job tonight. the stakes are also higher. she will win some brownie points to throw him off his debate game. what she really needs to do is speak to the undecided voters and widen the democrat umbrella in the way biden wasn't able to do and make the case for the harris-walz presidency. >> that is where i want to go

next. when you think about the undecided voters, they could decide, ultimately, who is the next president. what matters next to them? what topics will they look at when the debate takes place tonight? >> there is a big question who has the momentum going into tonight. there was polling earlier this week that showed perhaps harris' momentum from august where she ran a flawless campaign is stalling. i think it is important to remember a couple of things around that. two weeks ago, rfk jr. suspended his campaign and threw his support behind trump. the third-party voters are absorbed by trump. sources say harris may still be out pacing him. t they want to know your policies. harris is looking at the opportunity economy. it is a difficult job.

she has to thread a needle to embrace the biden administration successes and distance herself from the misstep and creating some daylight between her and biden because trump is going to want to frame her as the status quo and more of the same. when people are worried about their pocketbooks and we know the economy and inflation and immigration are the issues, consistently for voters, whoever is able to speak more clearly about their conviction, it will persuade the undecided voters. >> what is the difference with harris and biden? we haven't gotten too much clarity on that. as you mentioned, donald trump is going to suggest that harris is a continuation of joe biden. outline for us, really, what makes them different and what are the points that make kamala

harris different and likely on the democratic stage and the better candidate compared to biden? >> kamala harris, interestingly enough, this week ahead of the debate included the issues on her web site. it took a month for other campaign to provide a clear vision of her policies. that is a clear conflict. a lot of voters feel in the public speeches she has done so far and in the recent interview sit down that the policy is not crystal clear. she is talking about the opportunity economy. that is different from biden. if you dig into the numbers, she has backed biden's corporate tax increase to 28%. there is similarities there. she is trying to talk about looking forward and moving forward and creating this idea of how to build the middle class. these are, in a sense, very

generic policy points. will she be able to drill down on affordable housing and education and she talked about the tax-free on tips plans. more clarity on what she intends on policy. >> lindsay, thank you so much for your time today. we'll keep an eye on the political action later tonight. thank you for your time today. that was lindsay newman. i want to take you briefly to the equity action here in europe. looking at the european stocks at this stage. we have the stoxx 600 now marginally above the flat line. early this morning, we were seeing a little bit more positive moves. we're seeing a little bit of a loss of momentum at this stage. let's see what will continue to happen throughout today's session. all in all, what we are seeing today, this tuesday trading, is a continuation of the rebound that we had witnessed on monday when the stoxx 600 posted an end

to the five-day losing streak. when it comes to the european bourses, this is how we are looking at this stage. we have the ftse 100 and dax and ftse mib all in the red at this stage. the dax is turning into the negative and only in france, that bourse is .3% higher. as we approach the end of the show, here are the things to get you up to speed ahead of the open on wall street. u.s. stocks rebounded on monday with the nasdaq gaining more than 1%. investors are eyeing tomorrow's cpi print for more clarity on the fed's rate cutting cycle. futures suggest a mixed start to the trading day. our u.s. colleagues will sit down with two banking heavyweights. on the commodities front, crude

prices are moving lower amid supply disruption. opec will release the monthly report later today. turning to politics, the u.s. stakes center stage tonigh with former president trump and vice president kamala harris in the debate for the race for the white house. and michael barr is due to speak today at separate events as investors continue to wonder how much the fed will cut rates by next week. i want to take a quick look at apple. we had big news from the european court of justice this morning upholding the decision to recover 13 billion euro in unpaid taxes. shares on this sge otan your screen. that is is fis it for today's s. i'msilvia amaro. "worldwide exchange" is coming up next. what you hope for when life tosses lemons your way. cirkul, available at walmart and

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breaking news this morning. two tech giants hit with legal rulings and fines. it's tuesday, september 10th, 2024. you're watching "worldwide exchange." good morning. i'm frank holland. let's get to the breaking news in a moment, but the s&p o