the guardian is running on its front page this story about british american tobacco, human rights lawyerso in this case against them on behalf of hundreds of children they say were forced into poverty wages to work in the fields of malawi. it raises all these questions about the transparency of supply chains at all of these big companies, it doesn't matter whether it is tobacco or whether you are making tech. or t-shirts, in fact. this is a story that exists all around the world and you are right when you talk about the supply chain. this is not people who are employed directly by british america tobacco. they are employed by the farmers from whom british america tobacco farmers from whom british america to ba cco by farmers from whom british america tobacco by their crops. so it will be interesting to see how it pans out. the guardian have run big on it because the guardian initially ran a story and a human rights lawyer is saying that had it not been for that story this case would not have been brought. there is an element of blowing their own trumpet there. but you are right, it does h

british american tobacco flat now.ve at the start of trading after they lowered their sales growth outlook for a cigarette alternatives like e-cigarettes. this comes really as a u.s. starts cracking down -- as the u.s. regulators start cracking down on they been. paschi up more than 1%. anna: thanks very much. up next, something to be thankful for this week. we will look through the data do after the u.s. ahead of the holiday season. will it be good? the data, that is, or will it be a turkey? this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." a mixed picture for european equities right now. the stoxx 600 fairly flat, ftse 100 up 0.2%. weakness coming through from the major economies at least. powerful markets is a bit better . coming off all-time highs on u.s. stocks, let's talk about what we see in the u.s. growth story. a pack today for u.s. economic data ahead of the thanksgiving holiday tomorrow. the highlights are the second reading of third-quarter gdp, durable goods and capital good

guardian leads with a report that human rights lawyers are preparing a landmark case against british american tobaccoilies from malawi over alleged poor working conditions. an investigation by bbc news arabic has found women being put up for sale online in kuwait as domestic workers. a un expert has described it as an illegal online slave market. the investigation found that instagram — which is owned by facebook— along with apps available on google and apple — are being used to trade people without their knowledge or consent. 0ne app user even offered to sell a 16—year—old girl to the bbc‘s undercover team. jess kelly reports. we have heard of domestic workers being sold in kuwait using apps available on google play and the apple app store. we went undercover to try to expose this illegal trade. we found hundreds of women being advertised on facebook—owned instagram using dedicated hashtags. most women had no idea they were being advertised for sale online. we arranged to meet a seller who was advertising a domestic worker on the kuwaiti app asale. her price — 2300 us dollars. he told us he was a po

guardian leads with a report that human rights lawyers are preparing a landmark case against british american tobaccofrom malawi over alleged poor working conditions. let's get more now on our top story — the us house of representatives has voted to formalise the impeachment inquiry against president donald trump, and move towards public hearings. lets bring in chris with more details. republicans are furious that this is moving to another stage. they do not want anything like an impeachment process and what has happened today is the us house of representatives has stamped their authority in pushing ahead with the impeachment enquirys. we have had closed—door sessions taking place for some time now in which damaging testimony has been leaking out. now it will be very public. some televised hearings and there will be a lot of evidence put into the public domain. democrats are doing their best to push forward with this and there is no doubt at this stage it is eventually leading to an impeachment vote to president trump ‘s reaction is no big surprise sitting he is furious. we have state m e nts sitting

our stock of the hour is british american tobacco.rner on slowing vaping growth has slowed down the shares. here to examine the move -- the shares are up 3%. are we smoking more or not? still smoking cigarettes and spending a lot of money on premium cigarettes. that's allowing them to keep growing revenue. they previously thought that was going to be in the middle and that was because of the vaping hysteria we saw in the u.s. recently. it's something like 70% growth among high schoolers. that's kind of the regulatory talk around it has weighed on demand. guy: we are watching what is happening with the vaping story in the united states. it's a very different story. i went on to the national health service website today. to take a look at at what it has when it comes to vaping and basically it is saying vaping is not risk-free but it's a small fraction of the risk of cigarettes. you should use it potentially as a tool to give up smoking tobacco. it's a very different story in the united states. how's that transatlantic difference transl

$300.00 companies but those companies that did stay that you also mention british petroleum for example american british tobacco they are amongst the strongest advocate for a deepening of those economic ties and this is what is also reflected at the company i was talking to the delegates here before it's a very constructive and matic approach because of course both sides have a very vested interest in keeping strong economic relation talk about these strong economic relations how will the united states react to britain trying to keep it cannot make relations with russia up and running especially post it. well this is the tricky part of course the british side would like to deepen the economic relations with russia but they would also like to keep the united states 1st and foremost happy that's the most important trade deal to strike between britain and the united states breck said so a very difficult balance to strike there on the british on the british side the russians basically hope that everything stays the same they have a very vested interest in the british economy and so this is what we're seeing here to

unilever, british american tobacco. investors know feel the need to those redeemed defensive. first word news. let's start with one of our top stories. saudi arabia is taking aramco public. it will probably start trading in december. the kingdom will accept the valuation lower than the much touted to trillion dollars. it is looking at between 1.6 and 1.8 trillion. even getting that valuation might be tough. banks are telling potential investors that aramco might be worth $1.5 trillion or less. in south africa, the country might be cheering victory in dodging of a rating downgrade. warren buffett still has not found any mega deals to tempt him. grew toaway's cash pile a record. .hey climbed 14% for the year continues to face questions of if he is been aggressive enough with his massive hoard of cash. housesis banning party and clamping down on unauthorized rave set its rentals. this after a fatal halloween night shooting in california. five people died in the incident. screening its high-risk reservations. global news 24 hours a day, and on tictoc at twitter. bloomberg. matt: t

british american tobacco moves up. we have seen this positively moving up. there was an update for the market. had an upgrade from one of the broken ones. that is in focus. let's move to the downside. that is the biggest fallers. down by some 8%. it is a big story before the break. blowing -- putting some of the blame. they missed on some of their numbers. that stock is down by 3.4%. fell european markets lower. the move is likely to set up a citation. the trade war has change the world forever. china is not the producer of goods any longer. that change is happening. supply from a of single source, for anyone in the world, it has reduced. joining us now is the cio of connor broadly wealth management. a widely shared opinion that this changes the paradigm in global trade. we will not ever go back. does it change the way you view your investment imperatives? >> up to a point. accepted thatly there is no recessing to where we were a few years ago. it is an interesting phenomenon. his views are not mainstream. he has changed the agenda. you see that throughout t

british american tobacco.ore defensive stocks are taking the most points away from the stoxx 600 index or holding it back from further gains. also have total and bmp on prices that are falling. the defensive stocks in the oil producers are holding us back from bigger gains. anna? , let us put this in perspective and talk about the global growth story. opening equity markets higher as investors wait for new developments on the u.s.- china trade talks. constructive discussions were held over the weekend. joining us now to discuss is salman ahmed from lombard odier. good to talk with you. we are trading around these scraps of information. there was optimism and volatility around the trade narrative. where are we on global growth? we spoke to our colleague earlier about where this story is going and why it was not necessarily all markets were focused on at this point. salman: if you look at the data, the hard court data coming out, there is some degree of stabilization coming through. and you are right, i think th

british american tobacco is going higher. there was news in the u.s. around juul.movement in tobacco. tate and lyle up 1.8%. the bias of the market seems to be going to the downside. investec the biggest fallers. the texas down by 5%. richemont is in here at the number two spot, down by 5%. hong kong taking its toll on this particular business and luxury sales. credit agricole also putting out numbers down by 3.6%. matt: saturday it marks the 30 year anniversary of the fall of the berlin wall. this moment and the political changes that followed were a watershed event in the history of europe and the world. but how has germany fared since and what is the outlook for europe's biggest economy? i took a look back at the nation's journey. ago, the berlin wall comes down. germany, unified for the first time since world war ii. the cost of integrating the former satellite state does not come cheap. industrial production takes off and germany becomes the dominant economy of europe and in some sectors the world. basfwagen, bmw, siemens, to name a few at the heart of the mac

the nicotine vapor exposed company like ultia, greenling holdings and imperial tobacco and british american tobaccost week was sort of framed as a breakthrough on illnesses do you think it's that important? >> i think it's certainly helpful. there was clearly a lot of confusion and concern among the consumers with over 2,000 illnesses now having been reported are and -- and close to 50 deaths released since the first one in late august from ill know, and i think really the confusion for consumers was that there wasn't consensus between the cdc and fda. was it nicotine, legal nicotine, illicit nicotine, legal thc or illicit thc and the view is it's narrowing in on vite men e acetate which would be found in illegal cannabis-based products. >> what areas are you most constructive on now and why? >> the drivers of the weakness in particular in the canadian marketplace were a function of the market developing more slowly than anticipated, but that is why we're constructive on 2020. there are just not enough brick and mortar dispensaries to displace illicit market in canada, but increasingly you're seein

lucky strike maker british american tobacco lowering its outlook for a full year.h concerns and a price war are weighing on cigarette sales in the u.s.. bat and rivals have run promotions for vaped starter kits for as little as a dollar. they also face restrictions on sales. president trump says he will raise the legal age for purchases to 21. citigroup has been fined 44 million pounds for years of accurate reporting. it is the biggest fine from the regulation authority. they say between june of 2014 and december of last year, three units failed citi to give accurate information to regulars. and that's your bloomberg business flash francine. -- flash, francine. francine: parliament votes to get today at we will have plenty from the new commission. joining us from the european commission in strafford. is maria tadeo -- in stratford tadeo.trassburg is maria >> this should be the final hurdle for the commissioner. andnow she has been delayed has been more of a compromise candidate. she does not really have a majority here at the european parliament and that is perhaps