vivienne nunis, bbc news, dubai. more detail on financial markets.a bit of a catch up japan we are seeing a bit of a catch up rally because japan was closed on monday when we saw strong gains across the board in asia. asia today is pretty flat following a similar end on wall street, because there is concern now that china is pouring cold water, perhaps, on the enthusiasm following the end of last week's trade talks between the us and china. it seemed that china wa nts to and china. it seemed that china wants to hammer out further details, as we were mentioning. we have the price of oil coming off as well, so oil again down today, brentjust under $59 a barrel. we have american crude stockpiles going up. they seem to be ata crude stockpiles going up. they seem to be at a fifth week hi. and also with global demand slowing, the likelihood of demand for oil going up likelihood of demand for oil going up in the future is slim. so that is what is pushing down the price of oil. that is your business briefing. a perfect storm of increased demand and staff sho

vivienne nunis is following the story from new york.reaming services is hotting up and it's coming to a screen near you. netflix was the original streaming pioneer, a disrupter who changed the face of home entertainment, but injuly, the company reported a drop in us paid subscribers for the first time in eight years. price increases were part of the story, but so was competition from rivals, like amazon prime, and the field is about to get very crowded indeed. next month, apple and disney both launch their streaming services. apple has invested heavily in attracting big names, while disney has a back catalogue of hundreds of films, including star wars. so, how will netflix compete? investors will be looking for any clues to netflix's strategy when the company posts its latest financial results on wednesday. vivienne nunis there in new york. let's go beyond the headlines. we're joined today by rebecca harding, economist and ceo of coriolis technologies. in the uk certainly beyond the headlines is about the negotiations that we have just

that's vivienne nunis in the us. would you go?it is not particularly useful. that is definitely one way of looking at it. i'd definitely be very frightened as well. i'd love to go and look out the window. would you? yes. i've flown on concorde so i have seen the curvature of the earth. while sipping a glass of champagne, darling! it was for work. a cup of tea. back to the news about hong kong and the recession. no surprise to hear that hong kong has been economically damaged. stephen mcdonell? those who have seen what hong kong is normally like what have seen the impact of the protests. there is a small caveat in that these are provisional figures there is a small caveat in that these are provisionalfigures but there is a small caveat in that these are provisional figures but it does seem like, according to the finance secretary paul channon that hong kong will technically be in recession and on thursday when they release these figures it will be two quarters in a row of negative growth which means you are in recession. but the mo

but, as vivienne nunis reports from washington, those hoping for further cuts from the fed could be disappointedral reserve chair jerome powell indicated that the new official interest rate of between i.5% and 1.75% was an appropriate rate, suggesting he is downplaying expectations of any future rate cuts. he said, if economic indicators remain the same, resilient household spending supported by strong jobs growth and an inflation rate near the 2% target, then the bank expects moderate growth. he was also upbeat about development in global trade. as with brexit, it's still quite uncertain what will be the result of the election, and what the ultimate result will be. but i would say that the tail risk of a non—negotiated no—deal brexit seems to have decreased, just as i would say that the situation in our trade negotiations with china seems to have taken a step closer to resolution. trade developments aside, the bank will be monitoring risk factors including lower business investment, weaker exports and declining manufacturing output. federal reserve chairjerome powell did say the us economy face

here's vivienne nunis in new york.folio manager all eyes in the white house between the meeting and present trump and china's lead negotiator. he is a harvard trained economist and a close confidant of president xi jinping. the chinese use agency says that beijing is ready to reach a deal or of these prevent the trade we re deal or of these prevent the trade were from escalating any further. there is much as stayed, those countries have spent billions of dollars worth of tariffs worth of imports and the us is going to increase terrace on certain chinese goodsin increase terrace on certain chinese goods injust four increase terrace on certain chinese goods in just four days time. a very goods in just four days time. a very good negotiate with china, they will be speaking later but they are going to try basically wrapping it up but we're going to see them tomorrow right here and it's going very well. investors have been optimistic. us markets closed higher, buoyed by the news of the meeting. washington blacklisted 28 chi

vivienne nunis reports from the capital port vila.rs, vanuatu citizenship is available for $155,000. you don‘t even have to set foot on the islands to get it. so who is buying? they come in from all walks of life, but mostly people who are reputable. vanuatu passport offers visa free travel throughout europe stopping its proving popular especially with applicants from china, and especially for vanuatu‘s government, it has become a valuable source of revenue. we are looking right now at levels of income that are leaping from one year to the next, and increasing, sometimes doubling the financial projections that are made for each year, so the concern of course is that with the passage of time, that less care will be taken in the processing of these passports, in order to increase the amount of government revenue that we have. the government introduced the scheme after a devastating cyclone four years ago. but there is little evidence that money is being spent on rebuilding. in this village, just ten minutes drive from the capital portob

vivienne nunis in new york has more.ttish whiskey, spatulas, even european power tools, can expect to pay more for those goods from today. after a trade dispute that lasted 15 years, the us canal "back some of the financial loss that incurred in the french aeroplane manufacturer abbas received illegal government subsidies. the world trade 0rganisation subsidies. the world trade organisation has allowed washington to impose tariffs on a record $7.5 billion on your pen explodes and as importers paid more to get those goods into the us, prices could go up goods into the us, prices could go up by goods into the us, prices could go up by 25%. eu officials tried to convince the us to think again and previous settlement but this because i got previous settlement but this because igotan previous settlement but this because i got an answer. the watch this space, the us is found to be illegally subsidising its playmaker boeing and black with bass tariffs on goods sold in europe from next year. let‘s go to asia now, and the trade w

vivienne nunis in new york is following the story.s of wrangling, the wto has handed down the largest arbitration award in history, it allows the us to apply tariffs to $7.5 billion worth of european exports in retaliation for illegally subsidies paid to abbas. president on troubles quick to claim it is a big win for the us. they think i don't like the wto and they want to make sure that i'm happy because all of those countries were ripping off the united states for many years. they know that i'm wise to read. we've had a lot of wins. this was a $7 billion when, not bad. the ta riffs $7 billion when, not bad. the tariffs will mostly affect goods from france, germany, the uk and spain pulled up with 25% tariffs on ta riffs spain pulled up with 25% tariffs on tariffs — make goods ranging from wind to sweaters and whiskey. washington will apply 10% tariffs to european aircraft, delta airlines says that move with the serious harm on us companies which have already committed to buying a bus plans. that will hurt american workers and passen

vivienne nunis will be in new york to explain.people have been killed and hundreds wounded in the city of kerbala during clashes between the security forces and anti—government demonstrators, who had defied a curfew and gathered to protest against corruption, poor public services and mass unemployment. caoline hawley has more you these are issues that have played iraq for many years, so there was a first protest and then they we re was a first protest and then they were waiting to see how the government was going to respond to it but now we have seen it happen again and whatever happened, the holy city of kabul, the referred to it is particularly disturbing. we have medical source talking about maybe 18 dead, security forces and knowing that it all in the local police force said there was no live fire and if you believe it that the security forces had been offering water and roses to the protesters. this is outside source live from the bbc newsroom. our lead story is? british mps have voted overwhelmingly in favour of holding a sn

vivienne nunis is in washington. what are the reasons? is how they have framed the last interest rate cuts and it was the way he framed the interest rate cut again today and we are now seeing the federal reserve cut interest rates by 25 basis points so we're looking atan by 25 basis points so we're looking at an official interest rate at 1.75% and they characterize that as an appropriate rate, saying that if economic indicators such as strong consumer spending, if they remain the same and inflation stays near the same and inflation stays near the targeted 2%, we be looking at the targeted 2%, we be looking at the centrist level for some time. someone like for them to go farther, what are his reasons not considering cuts in the near future? he has not been ruling out the types of cuts in the bank is saying that it will monitor headwinds, including manufacturing output here, there is also business investment because of things like the trade war between the us and china and also the global slowdown, but on the other hand, there been some bri

vivienne nunis in new york. hi, vivian.d? well, the pilots say they were misled when it came into the way boeing sold the 737 next to them. they say that they we re 737 next to them. they say that they were told it was going to be just a slight variation on the existing 737 model, which they have phone... phone and for many years, rather than what they say is significantly different. now this lawsuit today is after negotiations with boeing field, and the pilots a because the 737 max was grounded in march, they have lost $100 million in income, and southwest airlines was actually the operator that had the most boeing 737 max aircraft, so it had a lot to lose. i don't understand though, why are the pilots bringing this, rather than the company, if it's the company which has taken the hit? it's the pilots who say they have individually lost earnings. they have had 30,000 flights cancelled that solve the neck southwest airlines, that would've beenjobs, flights southwest airlines, that would've been jobs, flights that those pilo

vivienne nunis has more from new york.o offer prime subscribers next day delivery has meant increased shipping costs. the company spent nearly $10 billion on postage over the past three months. and extra spending means lower profits. in fact, compared to last year, amazon's quarterly profits have dropped by 25%, and that has caused shares to fall in aftermarket trading. but putting aside higher shipping costs, amazon's revenue is increasing and was up by nearly a fifth to $70 billion last quarter. the company's biggest earner remains the cloud computing business, storing data online. it delivered $9 billion in sales, although it grew at a slower rate than the previous quarter. also of note, amazon has been a recent hiring spree. it now employs three quarters of a million people. big numbers for a very big company, valued at $880 billion. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is savile row master tailor andrew ramroop. we start with the pyjama party. i

vivienne nunis is following the story from new york.oes by when johnson & johnson is not in the news, recently, pharmaceutical and consumer goods giant was ordered to pay half $1 billion to the state of oklahoma for contributing to the opioid crisis. last year, a jury ordered the firm to pay $5 million to women who blamed the baby powder for ovarian cancer. johnson & johnson blamed the baby powder for ovarian cancer. johnson &johnson is appealing both rulings, but how is this affecting the bottom line? so far, not that much, johnson & johnson will report their latest financial results today, revenue for the last three months is expected to top $20 billion. there is a pr problem, more bad headlines could lead to consumers voting with their wallets. time now to go beyond the headlines, as we're joined today by sarah weir, chief executive officer of the design council. welcome to the programme. good day for women. particularly i was thinking about a6—year—old, second woman only to win the nobel prize, and the youngest ever, and what struck

vivienne nunis is in new york.erned about it? well this is a crypto currency that facebook plans to launch next year. it says it is a way to provide millions of people around the world, particularly those who don't have access to bank accounts, a way of performing financial transactions online. it's pretty hard to do without a bank account, and facebook says it will provide a way of doing that through this libra crypto currency. you would convert your existing money into libra. the way facebook has gone about trying to convince people he should be in charge of a system like this is to have a group called the libra association providing credibility but also financial investment to get this project off the ground. what we are hearing now is that some companies are part of this group are getting cold feet, particularly paypal walking away from the product because they don't have the confidence that facebook has been able to reassure regulators in the face of what has been a pretty widespread backlash. just in the last

and vivienne nunis has the details of what's ahead on wall street today. data from the private sector earlier in the week, economists will be watching closely forfigures released by the us labour department on friday, in case there are more signs that the us economy is slowing. the department is predicted to report an extra 145,000 jobs were added in september in non—farm payrolls. that's up from 130,000 newjobs in august, but still far below the 200,000 which experts say would be a sign of a strong us economy. meanwhile, the unemployment rate is expected to remain stable, at 3.7%. also on friday, the census bureau is expected to report america's trade deficit has widened slightly to $54.5 billion. joining us is paola binns, senior fund manager at royal london asset management. welcome, good to see. usjob figures, what are we expecting, do you think? we've seen a trend in the us that thejob you think? we've seen a trend in the us that the job numbers are coming down, so not increasing at the rate so down, so not increasing at the rate soi down, so not incr

vivienne nunis is following the story from new york.or italian cheese, french wine, scottish whisky, spanish olives, even european power tools, can expect to pay more for those goods from today. after a trade dispute that lasted 15 years, the us can now begin clawing back some of the financial losses it incurred when the french airplay manufacturer airbus received illegal government subsidies. the world trade organisation has allowed washington to impose tariffs on a record $7.5 billion worth of european exports, and as importers pay more to bring those goods into the us, prices could go up by 25%. eu officials tried to convince the us to think again and reach a settlement but those calls have gone unanswered. but watch this space, the us has been found to be illegally subsidising its playmaker, boeing, and will likely face tariffs on goods sold in europe from next year. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining us is laura onita, recail correspondent at the telegraph. go

vivienne nunis is in new york. enormous numbers, what generates facebook‘s the biggest numbers?mbers7m is online advertising. facebook is the world's second largest seller of online adverts, and he would say the business model appears to be working. as you say, the total sales we re working. as you say, the total sales were worth $18 billion for the last three months, a big jump on the same last year. profits $6 billion, also a bigjump on last year. profits $6 billion, also a big jump on the same period last year. interestingly, these financial results have come right in the middle of this very public debate over just how middle of this very public debate overjust how much political advertising social media sites like facebook should put on their websites. twitter yesterday decided to ban political advertising. mark zuckerberg remained defiant on the owning school when talking about those latest financial results. he again reiterated that he stands that private companies like facebook, he says, should it be censoring political content. in terms of what has changed, facebook is a

as vivienne nunis explains, it could be thanks to the ongoing us—china trade war. will meet in washington on thursday in the latest attempt to resolve the trade war. the tit—for—tat dispute has gone on for more than a year now and it hasn't gone unnoticed by consumers. take for example mcdonald's‘ decision to release its mcrib pork sandwich on monday. the popular menu item is released for a limited time in the us each autumn. this year it's coming out several weeks early. social media chatter points to the trade war. china slapped import taxes on american pork in retaliation to us tariffs in 2018, leading to a pork glut here in the us and, so the theory goes, more mcribs. there's another possibility too — relevance. mcdonald's has been making a big push to attract more customers lately. it recently invested in drive—through technology that updates menus according to the time of day and even the weather. but the us fast food market is increasingly competitive and seasonal items get customers excited. so whether it's the trade war orjust old—fashioned marketing, mcri

vivienne nunis is following the story from new york.eports its latest financial results on thursday. the airline is expected to report higher revenue and profits for the past three months thanks to strong demand for travel. in fact while other us airlines, including american, united, and southwest, have lost billions of dollars since the boeing 737 max was grounded in march following two deadly crashes, delta has benefited by picking up the slack from cancelled flights since it didn't have any maxes in its own fleet. there could be some turbulence ahead though since the world trade organisation allowed the us to apply tariffs to $7.5 billion of european exports. washington has announced 10% taxes on aircraft. delta, which has already committed to buying planes from france's airbus, has said that will cut into its profits. time now for our daily look beyond the headlines. we'rejoined by benita matofska, global sharing economy expert and author of generation share. good to see it. we have highlighted a few stories, one which is on bbc onl

vivienne nunis is following the story from new york. the white house on friday for the meeting between president trump and china's lead trade negotiator, vice premier liu he. he is a harvard—trained economist and a close confidante of president xijinping. the chinese news agency xinhua says beijing is ready to reach a deal, or at least prevent the trade war from escalating any further. there is much at stake. both countries have already slapped tariffs on billions of dollars worth of imports and the us is said to increase tariffs to 25—30% on certain chinese goods injust four days' time. so, we had a very, very good negotiation with china. they'll be speaking a little bit later but they are basically wrapping it up and we are going to see them tomorrow, right here. and it's going very well. investors have been cautiously optimistic. us markets closed higher, buoyed by the news of the president's meeting. but in a week where washington also blacklisted 28 chinese companies over allegations they persecuted uighurs in western china, it's h

vivienne nunis is following the story from new york.out student debt? not much, you might think, but the actor and producer has created a new reality tv show that launches today called going from broke. in it young, debt—laden americans will, amongst other things, be shown by experts are to restructure student loa n experts are to restructure student loan payments. graduates here are a staggering $1.6 trillion in debt, a figure that has skyrocketed since the financial crisis. the debt cost the financial crisis. the debt cost the average millennial between two and $300 a month and a fifth are behind on their payments. while some commentators are warning against relying on a celebrity backed tv show for financial advice, others are welcoming the offer of financial help however it comes. vivian eunice there with another interesting take ona there with another interesting take on a story in business in the us and we have simon jack on a story in business in the us and we have simonjack with us for the on the headlines. we have been focusing

vivienne nunis has more. died from overdoses of prescription opioids in the past two decades. many more are addicted to the drugs. today sees the opening of a landmark court case in ohio, brought by more than 2,000 state and local governments across the us. they are trying to claw back some of the billions of dollars they have spent on dealing with the opioid crisis, drug rehabilitation programmes, medical care and even foster care services for children whose parents became addicted. the multiple defendants include companies accused of fuelling the opioid crisis, from manufacturers and distributors to pharmacies. the trial will be presided over by us districtjudge dan polster, who has long pushed for a global settlement of the litigation. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is nina van volkinburg, associate lecturer at london college of fashion. thank you forjoining us. brexit hits every corner in every way. we have another potentially

vivienne nunis is on the ground for us vivienne nunis is on the ground for us in the new york stock exchange in this latest report? the company certainly is feeling the effects, alice, profits have more than halved for the last three months and earnings per share are down to around $2, from over $4, much of that due to this grounding by civil aviation authority is around the world of the 737 max. revenue figures are disappointing as well. the three months up to the current month, revenue was down to $20 billion, this time last year it was $25 billion. so, a 20% drop. boeing has said some of the loss of sales of the 737 max have been ameliorated slightly by slightly higher sales of other aircraft. but the effect of it has been immense. it has around 350 of those aircraft sitting on the tarmac waiting to be delivered, so, a difficult time for boeing at the moment. and they have now issued a report saying that the mechanical and design problems for the boeing slight control system we re the boeing slight control system were key factors in the 77 max disaster. and also, there has been a major ma

vivienne nunis in new york. has american got information that other airlines do not have?ks with the aviation administration about the software update that they have been doing before it can be assessed as being safe to fly again. we are working a few more clues that they may be nearing the end of their safety assessment process. not only has american airline said it plans to bring them back to service next year, united airlines another big airlines here want to have the plaintiff needs schedule and boeing has said is expects it to be by the end of the year. the 737 might be up in the sky again in the next few months. i have another stray to ask you. —— story. beijing has criticised apple for allowing an app that helps protesters track the movement of police in hong kong. the iphone maker is the latest foreign firm to rattle china. leisha santorelli has more. this app is called the hong kong map life, and a crowd sources the location of hong kong police, as well as all the demonstrations. it is continuously updated, and it's displayed on a map of hong kong island. and it b

vivienne nunis has been across the story in new york.d about the economic date in the merger, first of all those jobs figures, the number of new jobs created first of all those jobs figures, the number of newjobs created by the private sector here is lower than economists were predicting and we've also got some updates on the august stage and that turned out not to be as strong as previously thought either through a couple of worries there, we're also seeing in the manufacturing sector that us factory activity has depleted since the financial crisis, this is led to the sell—off that we have seen with the major industries closing in the red, the dow was down i.86%, almost a95 points down. . consumer spending makes a large chunk of the us economy, rp was is not spending enough. it really reflects the worries that businesses are having about the trade whether we are seeing between the us and china, businesses are putting on hold those big orders they really keep the industrial side tipping over and that it's a bc weaker manufacturing that i

vivienne nunis in new york.here are a number of them together. there are a number of the sticking points in the negotiations ongoing between gm and the auto workers union. it all comes down the auto workers union. it all comes d own m ostly the auto workers union. it all comes down mostly to wages and conditions for when gm went through a really bad patch around a decade ago, in the financial crisis, the cup and he actually filed for bankruptcy and restructured and had to be bailed at by the us government. at that time, autoworkers, gm's workers, took a hit. they said they will accept lower conditions and worse wages than we normally would to help the company. since that time, gm have really turned things around, last year brought in a net profit of $8 million. the strike is not resolved yet. it is just a tentative agreement that is being reached. tomorrow, union representatives from all around the 30 gm plans kearney closed will meet in detroit. they will go to whether to end the strike and send that deal that

good to talk to, vivienne nunis on the floor of a very busy new york stock exchange.ndon stock exchange itself, and that is following investors selling of shares, at one point they we re selling of shares, at one point they were lower, they have recovered some ground, but this is on the back of the hong kong stock exchange withdrawing its paid for its uk rival. also i want to mention the pound, it has extended its losses against the euro today quite significantly, off the back of the phone call between borisjohnson and angela merkel earlier, putting the prospects of a deal between the uk and further endowed. all right, alice, thank you very much. the mother of a ten—year—old boy who died after contracting hiv through contaminated blood broke down while telling a public inquiry of the family's ordeal. lee turton died in 1992. his mother denise told the inquiry she believes the government knew the blood being used was infected, as did the pharmaceutical companies, and that they did nothing. sophie hutchinson reports. this was ten—year—old lee turton. it was christmas, j

vivienne nunis is at the new york stock exchange.te mag release these details. what is this one all about? this is a attempts that the district attorney here in manhattan launched. he tried to subpoena donald trump's tax returns dating back to 2011. the reason that they are trying to get hold of those tax returns is because they want to investigate whether any new york state laws were broken when it donald trump allegedly paid hush money to stormy daniels and another playboy model. both alleged had affairs with donald trump. that is where the district attorney wanted to get hold of that information. donald trump launched a counter lawsuit trying to block that subpoena. his lawyers argued that as president he should be immune of such criminal investigation but today a federaljudge here in new york has ruled against that argument. i will read you what he said when he handed down the ruling. he said," he cannot endure such a categorical and limitless assertion of presidential immunity from judicial process. we do know donald trump has l

vivienne nunis is outside the federal reserve in washington dc.cut looking likely? an interest rate cut looking likely? an interest rate cut is certainly what markets are expecting. a rate cut of 25 basis points, it would bring the federal funds rate down to 1.5 and 1.75%. the reason the federal reserve is thinking about rate cuts and has been cutting rates so far twice sincejuly is because it is trying to shore up the economy and avert fears there could be a recession on the horizon. we have heard growing concerns that the us could be entering a slowdown, so the federal reserve is trying to boost the economy anywhere you can by cutting interest rates. that is why markets think another rate cut should be on the cards today. the fresh data showed the us economy is slowing slightly. it grew at a slower rate than it had done. so bets on for a third rate cut coming out of the us in a few hours' time. markets will be watching jerome paola's comments for what happens next. absolutely. once we get a clear decision on whether interest rates will be cut or

let's turn to our new york corrspondent vivienne nunis to find out more.een as drug distributors. basically, they are seen as part of the supply chain, part of the problem that really helped get these opioids into the hands of so many americans. their role is to buy these opioids from the manufacturers, store them in warehouses and deliver them to pharmacies across the country. to give you some idea as to why blame is being attributed to them. some companies had faced legal action before. they were accused of having lax distribution processes and not reporting suspicious opioid reports from pharmacies. those suspicious orders were being used to feel illegal prescriptions that had been downloaded from the internet, part of the supply chain and part of the problem in this supply chain. and the timing of this is interesting — these companies were slated to go to trial on monday. that's right. these three distributors were part of a trial that kicks off in ohio on monday. this is a key trial and test case, bellwether in the raft of litigation being brought by