and on the subject of stock markets european exchange operator euro next is set to buy the milan stock exchange for 4300000000 euros your next as the acquisitional create the largest pan-european market maker to deal also benefits the london stock exchange which hopes shedding the italian unit will ease its takeover of financial data firm or offensive the you have expressed skepticism over that deal. so the l.s.e. in your next appear to be the winners of that deal is there a loser or financial correspondent frank for chelsea delaney thanks so. perhaps the biggest loser after days is that it's your birthday which operates the frankfurt stock exchange share they were also in the running to buy the board. they clearly lost that and it comes after they've lost out on several big acquisitions in the past couple of years there's really a big push towards consolidation piano stock exchange operators right now they're facing an increasing amount of competition from the u.s. from asia from high traders that are really starting to dominate the market and with this acquisition with this deal next

but 1st europe's largest stock exchange is set to buy the milan stock exchange. for 4300000000 euro zone since the acquisition from the london stock exchange group will create the largest pan european market maker the deal will be put to a shareholder vote in november. changes in capitals across the continent including amsterdam. let's go to the frankfurt change now to get more on this with. chelsea why is the london stock exchange selling the. next. there's a couple different strategic rationales behind this deal for one the london stock exchange is in the midst of another big deal where they are buying a really big u.s. data provider for about 27000000000 dollars and as a condition of that deal they have to divest. a lot of stock exchange they would have been too big and they would have had too big of a concentration in. financial markets so they did have to get rid of the milan stock exchange for that other deal to go through but for euro next and for europe this also is highly attractive deal for them euro next has been really consolidating in europe they say

milan stock exchange so this will clear the way for the london stock exchange to go ahead with this other deal but this is also strategically quite an important for your own necks and for europe as a whole this will allow euro next to be really the biggest player and european stocks trading they'll have about 25 percent of the stock trading market here which will allow them to do things like cut down costs and improve efficiency of for the platform and it also fulfills that italy's wish to get this. exchange back into the european hands so normally certainly the announcement moves the markets one of those would do investors there in front for the make of the deal. for frankfurt it's actually a bit of a disappointment the board which runs the frankfurt stock exchange had also been in the bidding for the milan stock exchange so a bit of a blow to not have come out on top for frankfurt in particular but this does just comment that met a general trend towards consolidation of stock exchanges in europe we've seen many many companies merging or doing acquisitions and this comes as europe is rea

the tokyo stock exchange halted trading after its worst breakdown. coming up later, the world pose halts. etf trader we will speak to ishares' stephen cohen. the first, let's get to bloomberg first word news with laura. laura: continued because of economic uncertainty due to the pandemic, disappoint lenders such as jp morgan, which had already indicated it wanted to resume buybacks. the potentialed coronavirus vaccine from oxford university and astrazeneca. the so-called "rolling review" allows them to see a trial basis of what is ongoing. rises to the investigation that led to a halt in the trial. the format of the presidential debate is changing after the first clash between president trump and m aquatic challenger joe biden. organizers say they want to provide a different view. biting things candidates should be able to speak uninterrupted, but the trump campaign says rules changing are moving the goal post. financial services firms in the than 1.2 shifted more trillion pounds to the u.s. had of brexit. more are likely to follow in the coming week

the stock exchange buying and selling thousands of shares.een seeing some movement and derivatives including futures. other markets in the country including exchanges are also sustaining trading. this is coming on the day that investors were supposed to react to the survey that came out 10 minutes before the market was expected to open. showing an uptick in the large manufacturing sentiment. still well off of pre-pandemic levels. this is going to affect investor confidence. we've heard from a strategist at tokyo security saying this is very problematic. investor confidence gets impacted. you could see some negative reaction in japanese stocks. much. thank you very let's see whether they can get us up and running by tomorrow. our guest host this morning. let's focus in on japan. we are getting ready for sue get. we understand that it will be a mirror of phnom x. worth of japanese stocks. triple the level of the boj intervention. how do you look at japan and the prospect of suga? marija: for us, it's not just for japan. for overall investment t

and on the subject of stock markets european exchange operator euro next is set to buy the milan stock exchange for 4300000000 euros and your next as the acquisitional create the largest pan european market maker to deal also benefits the london stock exchange which hopes shedding the italian unit will ease its takeover of financial data firm or offensive the you have expressed skepticism over that deal. so the l.s.e. in your next appear to be the winners of that deal is there a loser or financial correspondent frankfurt chelsea delaney think so. perhaps the biggest loser after today's deal is that it's your birthday which operates the frankfurt stock exchange share they were also in the running to buy the book that they've clearly lost that and it comes after they've lost out on several big acquisitions in the past couple of years there's really a big push towards consolidation among european stock exchange operators right now they're facing an increasing amount of competition from the u.s. from asia from high traders that are really starting to dominate the market and with this acqui

the tokyo stock exchange reopen reopened. >> reporter: the incident on thursday deprived investors ofheir chance to buy and sell shares. on friday trading kicked off without any problems at 9:00 a.m. local time. at a news conference on thursday, tse officials said the glitch was triggered by a hardware failure in the system. they apologized for the inconvenience caused by the system failure. the tse introduced its arrowhead core training system ten years ago. officials said it suffered a disk failure. a back up system would normally kick in but on thursday, the switchover failed as well. there's concern that the market outage could erode confidence in the financial center. i'll be back reporting on the trading situation from the tokyo stock exchange miki. >> thank you, marie. >>> united states, russia and france are calling for an immediate cease fire between azerbaijan and armenia. fighting reignited on sunday over a decades-old conflict involving a disputed territory. over 130 people have died. u.s. president donald trump, russian president vladimir putin, and french president emman

stock exchange halted trading for the entire day because of a hardware breakdown. it's the worst ever outage for the exchange. they hope to resume trading as

the tokyo stock exchange halted trading for the entire day because of a hardware break on. it is the worst ever outage for the world's third-largest exchange. the operator of the exchange says it will resume trading is normal on friday. in the u.k., a major study shows

fired and workers are getting more training on how to handle overseas ballots. >>> the tokyo stock exchange has been shut down for a day because of a technical glitch. thousands of investors are unable to trade as the exchange scrambles to fix the problem. japan's government says there is no indication that a cyberattack is to blame but can't say for sure. >>> a man with a long criminal history charged in the death of two deputies from the los angeles county sheriff's department. surveillance video shows a man firing directly into the deputy's suv critically injuring both of them. s.w.a.t. teams swarmed the house where he was hiding and lasted through the front door. >>> winds are expected to pick up in northern california today making wildfire conditions more dangerous. four deaths are now being blamed on recent fires. 30 people have been died this year in fires across the state. the so-called grass fire destroyed 143 homes along with several wineries, restaurants and they're looking into whether it was started near an electric fence near a vineyard. >>> time now for a look at your thursda

kind of a different story off the situation here venezuela has launched a decentralized national stock exchange built atop the syrian block already launched to the newbie t.v. exchanges built to enable venezuelan investors to trade stocks bonds and real estate in a digital form what do you make of venezuela's increasing push into kind of a national crypto. i say 1st off let's not call it a centralized anything because saying that it's essential eyes and the same breath as you say national credit i mean that's like putting lipstick on a pig it's still a pig so this new exchange it's really just digitizing traditional assets such as stocks bonds real estates into e.r.c. token standards and basically running it on block chain so it's nothing groundbreaking it's just basically an overhaul in better bookkeeping and recording transactions and a more secure tamper proof way. but however the real purpose of this national stock exchange is to enable and power the use of the petro coin which is the venezuelan oil backed up to a currency so. the local economy was hit hard after the trumpet ministration si

i reporters are still not allowed back on the floor of the new york stock exchange so that has also still not changed since march well what we do see is that a lot of the stocks that theoretically profit from the reopening of the economy alliance a cruise ships a motel chains and the likes and they're all under pressure here and the early friday is session but overall the market seems to be pretty resilient surprising to me because usually what wall street really hates uncertainty and i would say this clearly it's too uncertain to you what we're seeing what's going on right and now we did open lower it was the dull jones industrial average by a good $450.00 points but at the moment we're down only about $100.00 so is this according to you yes so looking like a blip or could we see a large movement a downward to come or well it really depends because all we know so far is that the u.s. president does have symptoms even though there are considered to be mild but if that's going to stay that way it will probably take a couple of days to figure that out and then we shouldn't forget the health

i will talk to the youngest female trader on the new york stock exchange right after the break.i, i'm dorothy hamill. as i look toward 65, i'm thinking about medicare. i know i want coverage that connects all the different parts of my health care to keep me aging actively. aetna medicare advantage plans offer $0 monthly premiums. with benefits like dental, vision and hearing. and telehealth so you can see a primary care doctor from the comfort of home. keep doing what you love. that's the aetna medicare advantage. call today and we'll send you a $10 visa reward card with no obligation to enroll. ♪. charles: the ceo of coin base taking a hard stance against corporate virtue signaling n a blog post outlining the company's stance on social and political issues, brian armstrong writes in part, we don't engage here when issues are unrelated to our core mission because we believe impact only comes with focus. in regards to politics he writes, we don't advocate for any particular cause or candidate internally that are unrelated to our own mission because it is a distraction from our mi

stock exchange operators right now they're facing an increasing amount of competition from the u.s. from asia from high speed traders that are really starting to dominate the market and with this acquisition with this deal next will really become the clear leader in the european stock trading business. or in chelsea delaney there in frankfurt corona virus infections are rising rapidly across europe and so are fears of new business lockdowns economies are still recovering from the 1st wave in the spring including spain where economic activity contracted 18 percent in the 2nd quarter and madrid has tried to ease the pain by bulking up social programs for many just getting a hold of that help has not been easy. volunteers prepare over 800 meals a day here at this emergency food bank in palma dimmer yorka. is working in the kitchen he's a top chef but he lost everything because of the coronavirus pandemic. that's when all the problems began i had everything and then came months during which i lost everything was no help or a lot of promises but nothing came of it. thanks to the food ban

the index has made new highs we know that the index itself, the taiwan stock exchange index.ow look at korea. next chart ewy. same circumstance. the prepandemic high, i have circled it, the plunge and we have recovered to it and broken out. the final chart, ewz, i shares for japan. i've circled the pre pandemic high, the plunge, but we have not yet broken out. the inference is, japan will. the long trade here is ewz. >> there is the trade. we are looking at japan using those -- thanks, carter for that. mike khouw, let's go to you. how do you execute that particular view? >> i actually was looking at ewj, actually, which is the msci japan index etf. there's a couple things i would have us observe about this. one of the things to think about when noticing that japan hasn't kept pace with the s&p 500, japan, although it has some big globally recognized names in that index, it doesn't have the same stocks that have lifted the s&p. i'm talking now about the apples and amazons and teslas of the world. tesla is not in the s&p five 500, but it represents a big chunk of the u.s. equit

has suspended trading for the day the problem of the tokyo stock exchange is being blamed on a technical glitch officials say the issue is with a system that relays market information and that trading will resume on friday. and this is all dizzy read these of the top stories the presidents of france russia and the u.s. officials are joint statement calling for an immediate end to fighting over nagorno-karabakh there urging the leaders of armenia and azerbaijan to resume talks without delay or conditions there will be more protests over sexual violence and cost discrimination in india with several politicians among those arrested $2.00 women died this week after being gang raped in separate incidents both women were from marginalised dalat community adding to the anger the family of one of the victims is accused police of committing her body against their wishes police have imposed emergency laws in her village. the european union is launching legal action against the u.k. over its brags it plans a bill going through the british parliament would violate international law in relation to tr

they: staying in japan, tokyo stock exchange confirms it will restart trading after an unprecedented y system fault. it is the exchange's worst ever outage. >> i'm very sorry that our notification system -- --prioritized spending issues. it led to the delay in information released. we are very sorry for this. shery: let's get the latest from the tokyo stocks reporter. what are we expecting to see today? wednesday was supposed to be -- thursday was supposed to be the beginning of the second half of the fiscal year for japan, so we were expecting a little bit of a higher volume typically. so now that we are starting to trade again, what is the expectation? >> it was definitely a surprise for everyone. we are expecting some big swings today. a high volume as well. all the trains that were not able to be executed yesterday are expected to be flowing in today so we really have to be on the watch for how the volumes are going to pick up or which way stocks are going to trade tj but given blow to the confidence yesterday, shares are not looking good overall today but it is hard to say for su

the tokyo stock exchange has stopped trading for the entire indication for when trading can resume.t means it's the thousands of shares will be frozen on the first day of the new order. previous outages only affected part of the trading day. the format of the presidential debate is changing after the first chaotic match between president donald trump challenger joe biden. they said they want to provide a more orderly exchange of views. biden says candidates should be able to speak uninterrupted, but trump's team says rule changes are moving the goal posts. according to a new report says more are likely to follow in the coming weeks as the end of the transition period looms. president emmanuel macron and vladimir putin are calling for a cease-fire between armenia and azerbaijan, but azerbaijan's president is vowing to continue the military campaign until armenian forces leave disputed territory. the violence is more intense and widespread than at any time since a 1994 cease-fire. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and

multiple it's arbitrage utilizing their share and then shenzhen stock exchange which allowed for much higher multiples of anything in the t.m.t. space so not only did we see all this encroachments from china coming into a very powerful and noisy business which is the media space which is covered by the press really well and the public takes notice but on top of it we saw a companies like dial on one to buy up movie theaters from amc to carmike and suddenly have a stranglehold on the largest theatrical business in the country right and you could sort of look at that and say well wait a minute are we allowing a foreign entity one that's not necessarily an ally access to have that much influence over that many american consumers and that's what we saw chuck schumer and robert pittenger and other members of congress address this by pushing syfy s. to start taking action on all this and been a activity that was coming out of china and that led into these national this security issues which ultimately became the national defense act where they empowered 50 s in a much stronger way not only

at the tokyo stock exchange is being blamed on a technical glitch officials say the issue is with the system that relays market information and trading words you know one friday previous outages have happened when the trading platform became overwhelmed with too many orders. the u.s. has banned imports of palm oil from a malaysian company after a probe into allegations it uses forced labor the company says it's disappointed with the move because it's being actively trying to fix the situation for as many reports from quality. the world's most widely consumed vegetable oil palm oil is founded half of all consumer products from food to biofuel it's also been blamed for deforestation with companies accused of clearing huge tracts of forest for plantations and now one of the world's biggest palm oil producing company malaysia based ev g.v. holdings has been accused of mistreating its employees the u.s. has blocked imports of palm oil and palm oil products from the company after a year long investigation by its customs and border protection agency found cases of abuse deception and intimid

a technical glitches forced trading on the tokyo stock exchange to be suspended for the day for the 1st time in its history it's the 3rd largest stock exchange in the world officials say the problem is with the system that relays market information and couldn't say when its will be fixed previous sites jews have happens when the electronic trading platform became overwhelmed with too many orders at one time. and world leaders are expected to visit kuwait's this week to pay their respects to the late samir shaikh subba. a funeral was held for the 91 year old on wednesday and the burial was limited to relatives chicha the coronavirus pandemic his half brother chick now off . has been sworn in as kuwait's new and near those are the headlines stay with us and al-jazeera inside story is up next. russia now seems to be going after the main economic resource which is of course oil we bring you the stories in development is that a rapidly changing the. president's promise america 1st policy triggered by war that morphed into a technological war counting the cost on al-jazeera. if a 9 shoreham o

that's because of a technical glitch it's the 3rd largest stock exchange in the world officials say the problem is with the system that relays market information but couldn't say when it will be fixed previous i suggest have happens when the electronic trading platform became overwhelmed too many orders at one time. world leaders are expected to visit kuwait's this week to pay their respects to the late in the year shake. a funeral was held for the 91 year old on wednesday and the burial was limited to relatives because of the coronavirus pandemic his half brother shake off. has been sworn in as kuwait's new mayor. and as the international says guinea's government has failed to hold security forces to account for a violent crackdown on protestors demonstrations began in october last year when president of a calm day announced plans to run for a 3rd term this wasn't allowed at the time but he had the constitution changed and the city says at least 50 people were killed during those protests and dozens were held in detention. and then police are being accused of crim ace in the body o

has suspended trading for the day the problem of the tokyo stock exchange is being blamed on a technical glitch officials say the issue is with the system there really is market information and that trading will resume on friday. and this is all dizzy read these of the top stories the presidents of france russia and the u.s. officials a joint statement calling for an immediate end to fighting over nagorno-karabakh there urging the leaders of armenia and azerbaijan to resume talks without delay or conditions there will be more protests over sexual violence and cost discrimination in india with several politicians among those arrested $2.00 women died this week after being gang raped in separate incidents both women were from marginalised dalat community adding to the eye.

the ceo thomas healy rang the bell for the new york stock exchange this morning. e because this is a green company. now, the stock is down since debuting on the nyse friday. based on its spac, special purpose acquisition company, which is called tortoise, the last closing price at the moment we are looking at it at $38.65. what specifically do they do that's different? they make electric power trains for trucks, semis, 18-wheelers. it's a competitor to companies in a way like nikola and tesla but unlike them, hyliion makes power trains that can be retro dlt f retrofitted on to existing trucks. that makes it easier to scale up, according to a company. it's announced a deal with grocery store chain wegman's to retrofit a bunch of their trucks. the ceo joins us live from the new york stock exchange. thomas, first of all, congratulations. i know friday, you guys actually started trading but this is your first full day. i'm not a negative person and i know how these things go. the first day usually means nothing. but if the market is a big voting machine, it may be voti

live sports streaming service fubu tv makes its debut on the new york stock exchange. the cable disruptor ceo is here on his trick to competing against other streamers with deep pocketed corporate parents. >>> we've got to begin with a fox business market alert here. mixed signals again out of washington about the state of stimulus negotiations. so tuesday and wednesday was president trump who weaponized the stimulus, first demanding suspension of all discussion and then a few hours later saying he's open to stand-alone aid for airlines and individuals. today, it was house speaker nancy pelosi who grabbed the marketmachete. listen. >> -- having a stand-alone bill for the airlines or part of a bigger bill, but there is no stand-alone bill without a bigger bill. liz: all right. so initially higher, airlines slipped into negative territory but you can see they're all back if the green except for american airlines which is just about one penny higher. call that flat. but airline jobs are still hanging in the balance. american airlines and united have furloughed some 32,000

big hit hopes to be a big hit on the korean stock exchange. paul: markets are just opened here in sydney. for a look at what's going on, let's go to sophie. sophie: sydney stocks gain ground .1%, resuming the advanced after stalling and to retreat from a march i on wednesday. we have the likes of bhp and -- providing a boost while banks are under pressure and focus is on the rba governor's speech in which he signaled the desire for more state funding while indicating that there will be a lower for longer rate environment, likely to see further easing ports 10 basis points, also indicating there will not be rate hikes for at least three years unless there is more sustained progress on jobs and inflation. those remarks did see pressure come through on the aussie dollar, seeing an earlier push . flipping the board to check in on the mood in the rest of asia, check in on what's going on with nikkei futures in chicago. we are seeing nikkei futures, some downside potentially in s&p e-minis. a changed. the dollar reversing course after being weighed o

the lion's share of the stocks, the new york stock exchange in the period, they were railroad stocks.ot of people scrambled in to get in on the ground floor. one of those projects was the northern pacific railroad and the fellow who won the right to be the chief fund-raiser for that project was jacob. very well respected financier. he had been a major financier of the union effort during the civil war. but the problem was this. investors were starting to realize a near an early 18 seventies that perhaps in our zeal for railroad building that we had gone too far. maybe we overbilled. maybe the railroad bubble is about to burst and all of a sudden, jake cook had trouble raising money. he had trouble getting along. people found out he was overextended. on september 18th 1873, jay cooke and company declared bankruptcy. when cooke we went under a drag down other businesses and railroads and banks with him, a panic hit wall street. you see the picture here. beginning september 20th, the new york stock exchange which i said was very populated by railroad stocks closed for ten days. over the

to date wealthy and launch on shanghai star market and the hong kong stock exchange it's nash a saudi aramco its record $29.00 and a half $1000000000.00 listing. new numbers from the german government show that turnover in the restaurant industry was down 40.5 percent from march through august compared to the same time last year month by month numbers paint a brighter picture with the biggest loss in april and small improvements as lock down. chicken or fish the choice of in-flight meal may be one that you miss making coronavirus has meant you're not flying as much or at all but there is one airline that wants to recreate the experience for would be loyal passengers just without you know the actual flying check it out. decided to dress when you want to dine in singapore's trendiest restaurant. loose clothing like for a long haul flight everything is just like it used to be. the wait staff are handpicked all genuine cabin crew. and anyone eating in this restaurant needs a boarding pass. singapore airport has been brought back to life in the middle of the pandemic. we come here to suppo

indeed the lion's share of the stocks on the new york stock exchange were not industrial stocks, theyere railroad stocks and a lot of people scrambled to get in on the ground floor and one of those projects was the northern pacific railroad. and the chief fund raiser for that project was jay cook. he has been a major financier during the civil war. investors were starting to realize in the early 1870s that perhaps in our zeal for railroad building we had gone too far. maybe we're overbuilt. maybe the railroad bubble is about to burst and all of a sudden jay cook had trouble raising money. he had trouble getting a loan. people found out he was overextended. and on september 18th, 1873, jay cook and company declared bankruptcy. when cook went under, it dragged down other businesses and railroads and banks with him. a panic hit wall street. beginning september 20th, the new york stock exchange, which i said was heavily populated by railroad stocks, closed for ten days and over the next two months, 55 railroads went bankrupt and i didn't stop there. by 1874, 25% of the nation's railroad b

i want to go straight to the new york stock exchange to figure out what's going on. what's behind this sharp sell-off? >> i think investors are contending with this growing buffet of uncertainty. we're seeing stocks sink as new covid cases hit record levels, also you pointed out at the top of the show, not helping is the statement from mark meadows telling jake tapper we are not going to control the pandemic. yes, that is making investors nervous. there's a lot to grapple with as the uncertainty grows about how the global economic is being affected by restrictions. we're seeing that happen overseas. restrictions are being tightened across major countries. it's raising the probability of a further pullback in business operations lack create a slowdown of economic activity globally. we're also seeing, brianna, the sell-off accelerating as stimulus talks stall again. there's nothing around the corner for millions of families to pay their bills, put foot on the table, nothing to help these especially these small businesses that are struggling to survive the pandemic. then

largest stock exchanges in the world.happened and ata could have actually happened and at a worse time. it really meant that buying and selling and thousands of companies shares were suspended just as key economic data was being published this morning. we had the japanese central bank releasing its survey which gauges confidence among japan positive manufacturers and really closely watched by traders allows a measure of how the economy is doing going forward. and those numbers actually came in worse than expected. the trading halt closed one of the few major markets, as you said david, that was aptly open in asia today. reporters in hong kong, taipei, shanghai, or close holidays. take a break, that i can say. laughs stay with us on bbc news. still to come: boom time for booksellers. how super thursday is unleashing a wave of new titles for hungry readers. and now for some news here in the uk. all nhs staff should be tested weekly for coronavirus as a matter of urgency, according to a group of mps. the health and social ca

and finally this just in your next is buying the land stock exchange for 4330000000 euros and we'll have more on that later that's all thanks. i'm. one continent. 700000000 people. with their own personal stories. we explore every day like. what europeans fear and what they hope for. on their own. d.w. . first girl who could have 0 knowledge. in some. degree about. exactly. you're going to gain me me me. me. hello and welcome to a new edition of focus on europe we begin today's show with a conflict that might be far away from europe geographically but still has a direct impact on our continent witness says of the syrian war a tale harrowing stories of arbitrary arrests torture and killings by the syrian secret police.

has made a killing on the sole stock exchange shares in big hit entertainment soared during debut trading the company is now valued at $8000000000.00 last week and over 100000000 fans watched the t. as concert live stream. even starker sold allowing the bands of the for military service because of their contribution to the economy. an annual ranking of the globe's most in demand contemporary artists is out here in germany 88 year old remains safely in 1st place where he's been for well over a decade on the list of stars of tomorrow nigerian artist. in congo came out on top or work explores how we humans live with nature and how we exploit the planet for its resources. this friday is world bread day and no one knows that better than. our e.u. correspondent in brussels is also the network's premier baking nerd series baking bread manages to combine has to be clubs. well today on baking bread we're making the tiger bread the german watch i get. your best bread recipe. the market. does and i'm a european correspondent but then after a long day of reporting on the european union b.t.w. corresp

president's tweet meanwhile stock exchanges in asia also react also coming up in the program. as germany marks 30 years since reunification its economy still shows divisions between east and west we'll look at some of the reasons why. i will see how parisians are hoping to rise above the city's notorious traffic problem. this is day to be a business on robots in berlin welcome to the program and we begin with the news that donald trump says he and his wife millennia have tested positive for corona virus the u.s. president made the announcement through his twitter account he had the 1st lady were already in quarantine after one of president trump's closest aides hicks was also found to have covered 19 news came at around 1 am in new york and u.s. futures were quick to react. and on that let's cross to our financial correspondent in frankfurt pound day i should toss this reaction from investors was almost instant. yeah yes absolutely it was swift you know you mentioned that the futures market in the u.s. in europe they all turned negative the stock market in japan also to a nega

other business stories making the news a technical glitch brought trading to a halt on a tech a stock exchange on thursday the outage last of the entire session affecting thousands of shares the world's 3rd largest equity market has seen system failures in the past though none this long exchange officials gave no timeline for a fix. and banks in the u.k. have moved some 7500 employees and 1.4 trillion your as worth of assets to the head of brac set according to the young a consulting firm says dublin luxembourg and frank fair to profit at the most more jobs and asset assets are likely to follow. but on that let's cross to frankfurt and asked financial correspondent ashutosh panday so what's behind this rush by banks to take assets and people out of the u.k. . well banks are fearful that the brakes it would actually this took their ability to serve clients on continental europe and that's the reason why you are seeing these banks move to add to this but it's nothing new in this report you see this is just a compile a show what we've been hearing we're seeing over the past 3 or 4 years j.p. morg

beginning september 20th, the new york stock exchange, which i said was heavily populated by railroadcks, closed for ten days. over the next two months, 55 railroads went bankrupt. it did not stop there. by 1874, 25% of the nations railroad bonds were in the thought. it wasn't just railroads that were affected. over the following two years, there were over 18,000 business failures. many people, including this cartoonist, clung to the traditional view that ultimately this was a necessary evil. right? failure is part of the capitalist system and so we should see the panic as the cartoonist does, as a sanitation officer cleaning all of the trash out of wall street. and maybe so, but in the meantime, a lot of people had to suffer. in the meantime, railroad construction ground to a halt. unemployment skyrocketed in many sectors. in some cities, unemployment was as high as 25% and jobless nice remained right for the next five years. at the same moment, people were also starting to ask questions about whether or not the railroads should have so much power within this new national economy. we

and finally the japan times leads with the technical glitch that led to the tokyo stock exchange halting for the whole of thursday — for the first time since 2006. lots to get to, lots of different front pages, but let's start now with the i and the telegraph as well, but let's focus on the i for the time being, olivia, which is dealing with the snp mp, margaret ferrier, who broke the covid—19 rules after taking a test and testing positive and then still travelling to westminster and back again to scotland. it feels a bit like deja vu. yesterday in the sun, in your paper, we had jeremy corbyn apologising for breaching rules, we also had boris johnson's apologising for breaching rules, we also had borisjohnson‘s dad without also had borisjohnson‘s dad without a mask in shops. what is going on? yes, i feel like those two stories yesterday were both mini barnard castle is, if you can call them that. small breaches of the rules which people will be a bit annoyed about. but this breach today is flubber casting! it is going to infuriate people and i think the way the i have done it has actuall

stock exchange halted trading for the entire day because of a hardware breakdown. it's the worst ever outage for the exchange. they hope to resume trading as normal on friday. global news, 24 hours a day, on air and on "bloomberg quicktake," powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta and this is bloomberg. tom: thanks so much. we are looking for signs in the fourth quarter recovery. the data matters, but what matters is pensacola giving us an organic revenue growth statistic. this is one of those signs out of and into a new quarter that really matters. the pepsi-cola third-quarter organic revenue is up 4.2%. and that is really not all that bad a statistic. maybe that is some optimism of an earnings recovery. gina martin adams is scheduled to be here in a bed. upures up 34, dow futures 265. pound sterling is crushed -- pound sterling, is crushed the right word? francine: i wouldn't say crushed but certainly sensitive to any news and we could see it go lower depending on what happens in these negotiations. i'm looking