i'm karen tso. >> i'm steve sedgwick.e are your headlines >>> in turkey, the lira is recovering for a second day in a row as the banking regulator moves to limit banks for ex transactions. >>> turkey's vice president confirms a slew of retaliatory tariffs on u.s. products saying restrictions are a detect response to deliberate attacks on the economy >>> chinese equities close in th red as tencent shares hit an 11-month low ahead of the tech giant's earnings release dragging hong kong stocks to a one-year trough. >>> and the italian government prepares to launch a safety audit on aging infrastructure after at least 35 people have been killed in the bridge collapse. >>> welcome back beautiful timing we have uk inflation data hitting the wire let's go straight through. uk july inflation, first year-on-year increase since november july core cpi down 0.1% month on month to 1.9%. the poll was pretty much looking for that rpi up 0.1% month on month, weakest figure since march of 2017 >> the ppi numbers, that's quite extraordinar

. >>> a very warm welcome to street signs i'm steve sedgwick >>> these are your headlines today. >>> market plunges to lows not seen since 2009. that makes it -- support the currency as president erdogan is being targeted. >> this has nothing to do with the dollars. if they have their dollars, we have ours. stay calm. >> bbva and -- these are the -- jpmorgan downgrades the stock. >>> one-day drop in 15 years a popular weed killer can cause cancer >>> shares in gam holding. swiss group announces it will liquidate nine bond funds following the suspensions of -- >>> very warm welcome to street signs. you're not seeing things it is karen and i on the show. we've broken out of our slumber. >> one more hour of us >> on holiday once again 100 stock market blue chip has fallen to the lowest level since march 2009 the lira meltdown continues. a spat between ankrah and washington the turkish center bank will provide liquidity to banks the central barng there monitor prices and take all necessary measures to maintain stability the ratios have been lowered. >> among the biggest sectors losing gr

i'm karen so >> i'm steve sedgwick.e are your headlines >> turkey stocks rebounding after the lira pulls back from record lows sparking a europe-wide relief rally >>> asian equities bounce back but chinese stocks are under pressure after retail sales, industrial output and urban investment data disappoint. >>> in europe, german growth picks up in the second quarter with gdp at 0.5%, boosted by household and government spending >>> a driver is arrested after crashing into the barriers of the uk parliament injuring several pedestrians. london police are on the scene. >>> we are a rate hike in the united kingdom, whether we get another one or not people are pinning on wage inflation as much as anything else. we had a host of uk data hitting the wires. what would you like to know? lfs employment in the united kingdom up 42,000 over a quarter on quarter basis to 32.386 million people the poll was going for a 98,000 increase the job list total according to the data down 65,000 this has taken the unemployment rate to 4%, the e

the eurozone gdp is just crossing let's get to steve sedgwick who is live in london with the latest headlinescue us. >> you're right. the currency is up 4%. look at the eurozone data as well euro is picking up versus the greenback. losing a bit of ground, 0.2% lower. we had strong german gdp data out moving into a higher gear despite concerns about trade wars, despite concerns about turkey we had the eurozone data as well i'm a little bit underwhelmed by some sub figures but the flash estimate up 0.1% the estimate was 1%. in terms of the individual figures. there's disappointing numbers on the june industrial output that's despite the euro has come back from the 1.20, 1.21 level eurozone june industrial output falling 0.7% month-on-month. still up 2.5% year on year, but that's not as much as many had expected back to you. >> steve, thank you very much. you are correct. we're seeing the lira up against the dollar i had the charts inverted in my brain. let's stay with news out of europe we are following a developing story out of the uk. a car crashed into barriers outside of london's parliament

steve sedgwick joins us now with more on aston martin >> i'm more of a bond villain, but i agree withou i think it's fascinating i know you have your db11, forget about jay leno's garage what about your garage with an aston martin in it the luxury carmaker will list at least 25% of the company the value looks to be around 6.4 billion u.s. dollars what did they make in terms of the money in terms of the first half of the year 42 million pounds. the reason why these companies attract such a big price tag is people get excited they stop valuing them as oems, like ford, volkswagen, chrysler, they trade at five to seven times forward and they look at them as luxury goods why do we do this? it's like the ferrari ipo. that came about 20 times forward. it's trading now at 33 times forward that was from fiat chrysler in 2015 so it could be a big price tag >> in my garage is a db11, it's a match box car, but some day, i hope aston martin, what have you heard? it's a sexy company. ferrari was a sexy company that doesn't always mean the stock is going to do well because you and i and a thousand o