samira hussain there in new york.d markets. and currency is where we seem to be seeing a lot of the reaction to the politics going on in brussels and this breakthrough? absolutely. this week we have seen extreme levels of volatility, we‘ve seen the market react volatility, we‘ve seen the market rea ct tea m volatility, we‘ve seen the market react team to twitter rumours all week as we‘ve seen this debate about whether there was going to be an agreement or not. now that we‘ve seen this move towards the next phase, we have seen sterling benefiting, which has taken us back to the kind of levels we were trading at at the beginning of the week, when we thought there would be an agreement. and notably, as the parity rallies, that‘s why the ftse-100 is parity rallies, that‘s why the ftse—100 is less robust than its cou nterpa rts ftse—100 is less robust than its counterparts in europe, because as sterling goes up, that impacts the foreign earnings. what about the us, what should we be looking for in the jobs report which sam

fund things like clean water, electricty and road building in the village where it was found as samira hussaino see this rock on any one engagement ring. this unpolished diamonds could be worth $50 million. money from the sale of this diamond will help good roads and bring electricity to the village where it was found. it is a departure from sierra leone's past history with the gems. diamonds funded warlords during the decade—long civil war in the country. but things have changed, and sierra leone is now trying to use the diamonds to help the country and its people by drawing people's attention away from conflict diamonds to the so—called peace diamond. to be realistic, you don't expect a single diamonds to provide electricity for all of the schools in the country, but there has to be a starting point. this is one diamond, and sierra leone and the community rest on it. millions of others are found each date without this transparency. that is the problem the diamond and to rally industry has. for there to be meaningful change in the industry, it will have to come from the consumers. “— it will

turns out there's a difference of opinion — as samira hussain reports now from new york.her campaign style event, us president donald trump took to the stage to talk about his accomplishments. among them, us markets. the stock market is hitting an all—time high record for another, and think of this, 86 times since election day. 86 times. it hit a record. 86 times. cheering and applsause. and we will keep it going. in a tweet after tweet after tweet, he has been pressing the high market and taking credit. but how much can this be executed to the president? 0ne economist said it has more to do with the federal reserve and its programme of quantitative easing when the us central bank was buying up bonds to support the us economy after the financial crisis. there is a massive amount of cash floating around the world. that is what is driving this up. 0riginally, it was 0 d and then there was the rest of the world funds coming into the us. some of the credit needs to go to the woman who has been guiding the ship. current chair of the us federal reserve, janet yellin. donald tru

samira hussain has more from new york.o, toys r us gave up were two years ago, toys r us gave up they are real estate but lo and behold, look who is back! toys r us is here but only temporarily and only for the holidays. and it's not just toys r us. it needs and old navy —— tiffa ny‘s just toys r us. it needs and old navy —— tiffany's and old navy. just toys r us. it needs and old navy -- tiffany's and old navy. the holiday season provides us an opportunity to touch so many more people. we know we will hit tourists, the people of manhattan, the other boroughs and all in the heart of new york city. nowhere else better to do a pop—up. heart of new york city. nowhere else better to do a pop-up. it takes the question. why notjust open up a store ? question. why notjust open up a store? the answer, of course, has to do with money. brick and mortar retail is expensive. take new york city's famous grand central station. it is in midtown manhattan where retail space can cost nearly 99% more than the space in this holiday market. t

and samira hussain has the details about what's ahead on wall street today.day is likely to report extended credit rose to 17.50 billion dollars in 0ctober. rose to 17.50 billion dollars in october. in earnings news, discount store dollar general will be reporting. the company has been cutting prices more aggressively as it looks to try to better compete in the grocery industry. amazon's purchase of whole foods is heating up purchase of whole foods is heating up grocery purchase of whole foods is heating up grocery wars. purchase of whole foods is heating up grocery wars. companies like walmart are ramping up grocery offerings to compete against the online retailing giant. and we will continue to watch lawmakers in washington try to get a spending deal in place to avert a government shutdown. congress has until midnight on friday to come up with a short—term spending bill. without any legislation in place, the government will begin shutting down on saturday. interesting. perhaps another fiscal cliff. we remember that! joining us is maike currie, investment di

and samira hussain has the details about what's ahead on wall street today.ould be a very busy end to the week. the dow jones industrial average crossed a milestone on thursday, 24,000 points for the first time. us markets are just downright euphoric at the prospect of major tax reform, so we'll continue to watch what happens in washington and how us markets react. in other business news, we see that light vehicle sales will have fallen ever so slightly compared to the month before. we're seeing that construction spending is going to be up by about 0.5% for the month of october. 0verall factory spending will have dropped ever so slightly from the previous month. joining us is lucy macdonald from allianz global investor. thanks forjoining us. after everything we have seen coming from new york, asia playing it very cool, waiting, presumably, for this tax reform bill to pass or not? yes, and there is certainly some anticipation of this bill. we have been waiting 110w of this bill. we have been waiting now for months, and it looks very, very close. it is better p

and samira hussain has the details about what‘s ahead on wall street today.emand for housing in the us and that could mean luxury home—builder will see a rise in revenue and profit. but the lack of skilled labour continues to have an impact on the supply of homes so investors will be looking for forecasts for the next fiscal year. finally, the global airline industry body the international air transport association is expected to give an update on airline profitability for 2017, and a look ahead to next year. joining us is nandini ramakrishnan, global market strategist atjp morgan asset management. let‘s talk about the pound initially, no surprise to see the reaction to what we thought was a done deal being no deal by lunchtime yesterday and the pound reacting. yes, some weakness there. as we‘ve seen since the referendum, the pound sterling rate against the dollar is very reactive so not a huge surprise we have seen weakness and on the flip side of that, we could see the 100 million because of the inverse relationship. that‘s what we are seeing on the screens

samira hussain has the details about what's ahead on wall street today. later. compared with a gain of 235,000 jobs in the previous month. the report could give us clues on what we can expect on friday when the labour department releases the latestjobs report. broadcom will be reporting later this week. finally, also reporting is discount store dollarama, they are likely to have boosted prophets. investors will be eager to hear about forecasts for the rest of the year and how the company will drive sales to counter competition from online sales. joining us is jane sydenham, investment director at rathbones investment management. what are you watching this week? well, we are looking ahead to see what is going to happen next year. as you just said, you know, it's very much a case of investors looking forward. it has been a good year overall and i think to some extent the retreat in asia is that worry about is china's growth going to continue at a reasonable rate, high levels of debt, are they going to have to re—position and slow down. as you rightly say, w

samira hussain, whojoins us from the new york stock exchange.being received over there? so, if i look up over to the big board, we see that it is all green, a sign that of course this is really good news for the us economy. they added more jobs than expected. they added more jobs than expected. they were only expecting some 200,000 jobs, and today we are hearing reports that they're adding some 228,000 jobs. the other weather rate is going to stay the same at 4.196, rate is going to stay the same at 4.1%, but there is still one problem that continues to persist, and that is the problem of wage growth. we're not seeing wages going up fast enough, and so that is something which certainly people at the federal reserve are going to be looking at. if! canjust federal reserve are going to be looking at. if i can just speak to you with out that guy getting in the way! in terms of interest rates, what are we thinking? jobs growth and yet week wages growth — what are we thinking in terms of interest rates ? we thinking in terms of interest rates? the fed

here to talk us through it is samira hussain.nd goods, some of the names include rimle and —— rimmeland markjacob, what coty was arguing is that it really sort of devalues their brand, if you can get it on third party sites, well, the ecj ruled in favourite of coty, saying it is not an unreasonable question. they said these third party sellers shouldn‘t be able to sell their goods. what we re be able to sell their goods. what were the arguments from the online retailers ? were the arguments from the online retailers? they were saying this is anti—competitive, that banning online sales of these goods isn‘t good for in terms of trying to get products out to the customers, there isa products out to the customers, there is a school of thought that believes that perhaps the european court of justice may not be looking at the internet in terms ofjust what kind of impact it has in today‘s society. that some of the rulings may be sort of anti—internet but it is not going along with really what is happening an what is happening within the

currently it's only availibe in the states so let's go to samira hussain who is in new york.ng, there is a lot of pa re ntal this new thing, there is a lot of parental control involved. for example, if two friends want to become friends on this facebook messenger app, a parent become friends on this facebook messengerapp, a parent is become friends on this facebook messenger app, a parent is to allow that to happen. what facebook is saying is, we are trying to get more pa re ntal saying is, we are trying to get more parental involvement in this, that way this can be a lot more safe and as he pointed out, they will not be using that information to collect data. there won't be any advertising on this. but there are a lot of detractors saying this isjust facebook's way of trying to market itself to younger and younger people, get them hooked on facebook young and then they can open a facebook account after they turned 13. but also much earlier. it is aimed at kids from 13 down to age six, have people been saying it is too young? it has been a topic of conversation. i was watchin

thanks very much, samira hussain. and a look at the markets?t start. it is sunny for some, cloudy for others, and as we head on through tonight's very little will change. large areas of cloud reducing the odd spot of rain in the west, developing across northern scotland where it will turn increasingly windy and for most of us, temperatures holding several degrees above freezing. any holes in the cloud could allow things to turn chilly and some fog patches. that should clear tomorrow, then a quieter day. some brightness across the south, east wales, eastern scotland, and persistent rain in the north of scotland. temperatures are not bad at all for this time of year. on wednesday, the winds pick up, significantly. gales developed in parts of the west, rain in western areas too and a mild day wherever you are. heavy rain on wednesday and into thursday, that will clear and at the end of the week it looks dramatically colder with some wintry showers... hello, you're watching afternoon live. i'm simon mccoy. today at 3pm: a huge day in the history of