i'm jomana versace >> these are the headlines asos shares plunged 30%. the stock now on track for its worst day ever >>> the asos warning rocks retail as the sector hits the lowest level since july 2016 with online rifles boohoo and zolando dropping sharply. >>> not an isolated event. european equities see red after u.s. stocks pulled off late friday. >>> the power of the deal. abb sells its power division to japan's hitachi in $11 billion spinoff for restructuring. sweel' speak to abb's ceo later on this morning. >>> well, our top story today asos has downgraded its annual growth forecast from margins and sales claiming weaker than expected trades in november. the online retailer said sales will be 10% lower than previous forecastst citing unseasonably warm weather and increased competition. asos's online rifles have also been plunging as well. it's not just asos shares that were down 40%, you have zalando down 15%, boohoo down 11%. next down 4% boohoo put out a statement saying that their trading activity has been in line with expectations and remains

i'm jomana versace and these are your headlines the trade truce sparks a global stock rally as the u.sagree to keep tariffs at current levels and work out their differences over the next three months >>> minors, autos, tech and oil stocks enjoy the biggest gains in europe enjoying a surge in u.s. futures and chinese equities >>> unilever trounces nestle in the fight to buy gsk's unit and other cem assets in a 4.6 billion euro deal. >>> qatar announces plans to pull out of opec at the start of the new year just days before a key meeting by the cartel as it prepares to address the recent selloff in crude prices. >>> we just got some data out of the u.k. the manufacturing pmi numbers came in at 53.1. that's a big deed versus 51.5. higher than the numbers last month at 51.1. a bit of a beat there when it comes to the manufacturing numbers. new orders as well seems to be growing strongly a little bit surprising but it's an october contraction it's helped by stockpiling there you go the new orders are building and stockpiling ahead of that brexit data in march. export orders, however, have f

i'm jomana versace >> these are the headlines asos shares plunged 30%.warning rocks retail as the sector hits the lowest level since july 2016 with online rifles boohoo and zolando dropping sharply. >>> not an