the bbc‘s samira hussain has the scoop from new york. we have seen technology suffer, the industrials have suffered, does it give an opportunity in bonds and gold? that is the question. sometimes it takes longer for the market to snap back. i don't think the election has anything to do with the market. depending on who you ask people are either nervous or not at all about upcoming elections. traders can agree that with the exception of a couple of rough patches, us markets have been on the rise since the donald trump election. when the markets were hot, the president talked about it a lot. and he even took credit for it. the stock market is hitting an all—time high record. we have a record, it is an all—time high record. the stock market is up almost 300 points. the day after mr trump was elected, the floor of the new york stock exchange was like being on a highway during rush hour. investors and pollsters got it wrong. what can we expect with these elections? election night has variety and we expect volatility. if investors have lea

samira hussain in new york will tell us how the markets are reacting. and in business briefing we'll be live to shanghai as president xi opens a major trade fair with a promise up to speed up moves to open china up to more imports. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. also in the programme is further education worth it? in the uk the government will review post—18 education and funding to see how it can ensure "value". so we'd like to know what is your experience? are you considering the options for your children? are you still paying off student debt? get in touch — just use the hashtag bbc—the—briefing us sanctions against iran have just been reimposed, as part of what president donald trump calls a policy of maximum pressure. the measures, targeting iran's oil and banking industries, come after mr trump decided earlier this year to pull out of the international nuclear deal with iran. many iranians took to the streets on sunday to denounce the sanctions, as caroline rigby re

samira hussain has the scoop from new york. we've seen technology supper, some industry supper, dust that gives you an opportunity am about will be the question. sometimes it takes a little longer for the market to snap back, i don't think the midterms have anything to do. depending on who you ask people on wall street are either really nervous or not worried at all about the upcoming mid—term elections. what traders can agree on though is that that the exception of a few rough patches us markets have been on the rise since the tramp election. when the markets we re the tramp election. when the markets were hard, the president talked about it a lot and was even taking credit for it. the stock market is hitting and all time high record. we have an all—time record. the market is up almost 300 points today. —— trump. if we go back to the day after mr trump. if we go back to the day afteertrump was trump. if we go back to the day after mr trump was elected being on the floor of the new york stock exchange was a little like

and samira hussain has the details of what's ahead on wall street today. pizza chain papa john's just can't seem to shake the negative publicity from its very public dispute with its founder, john schnatter. now, it's now having an impact on the company's financials. analysts are expecting papa john's to report a fall in third—quarter sales when it reports earnings on tuesday. this, despite a rebranding effort. earlier this year, john schnatter resigned as chairman of the board over his use of a racial slur on a call with a marketing firm. also reporting earnings — cvs. the pharmacy is buying health insurer aetna — a deal that won antitrust approval just last month. so investors will focus on comments about the deal as well as the company's performance in the last quarter. samira hussain in new york. joining us now is trevor greetham from royal london asset management. everyone will be keeping an eye on the mid—term elections, political risk is very high on the agenda? we have seen lots of volatility in the stock markets, one of the worst 0cto bred

but it's been heavily criticised for marketing to young people, as samira hussain reports. e—cigarette have exploded in popularity and one company, juul, absolutely dominates the vaping market. it is popular with teens, has its own social media following, and fans even make songs about it. # i said you grab it and you hit it and you do it again. it comes in flavours like mint and mango. and as the manager of this vape shop shows me, it is really easy to use. this pops open. you plug it in here. and you have yourselfjuul. why do you thinkjuul is so popular? the other brands, those do the same job, juul have done the marketing on it, it is really good. but in 2017 more than 3 million 11— 18 —year—olds said they use e—cigarettes, one third of which said flavours were a big factor. that has regulators wanting to restrict convenience stores from selling flavours that appeal to young people. but it will keep tobacco and menthalflavours in stores. analysts question whether that move will have a big impact on the vaping market. i think it's oversimplifying this issue to t

samira hussain in the big apple. french carmaker renault has a frame from ousting carlos ghosn. the japanese carmaker has an alliance with renault, which overnight named an interim chairman and handed new powers to its ceo —— has refrained from. earlier i asked an expert whether they can survive the scandal. indeed the alliance will survive because all three companies can't survive without it. they currently have a number of projects on which all of their... most of their future models really dependent. last year they proposed most of the platforms would be shared between the three companies, the our train, would be shared between the three companies, the ourtrain, the technology for electricity and, for automated driving, for connected cars. these projects are the —— our train. how do you come up with an effectively do ship structure? in the trenches, people have been working on these projects which hold the future in their hands for many yea rs. the future in their hands for many years. before the arrest of carlos ghosn, there were reports he was planning a merger betw

samira hussain reports now from new york. job losses, plant closures, not exactly welcome news for more than 14 exactly welcome news for more than 1a thousand workers at general motors are month before christmas, but the company says by cutting its workforce 15% it will save $6 billion by the end of 2020, so why are so many billion by the end of 2020, so why are so manyjobs being cut? demand for smaller cars has plunged. people are not buying sedans, instead going for bigger cars like pickup trucks and sport utility vehicles. to be clear, this is not a unique problem to gm. earlier this year ford said it would stop making smaller cars for the american market and it would also cutjobs. and changing customer preferences is not the only driving factor for gm. preferences is not the only driving factorfor gm. tariffs introduced by the trump administration on imported steel, a key material in the production of cars, have cost the carmaker $1 billion. us president donald trump said he spoke with general motors ceo of mary barr on t

samira hussain is in new york. now to a development in the long—running investigation into the theft of billions of dollars from imdb, a malaysian state fund. earlier this month, we learnt that two goldman sachs bankers had been charged by us prosecutors in relation to the case. well now, it's emerged that goldman sachs' former chief executive lloyd blankfein was at a key meeting with the pair. our business reporter leisha sa ntorelli made sense of it for me. well this time, one of wall street's most powerful men has become caught up most powerful men has become caught up in this one scandal. i'm talking about goldman sachs's former chief executive, lord blake fine. according to reports from the financial times and bluebird bluebird, he actually met with the malaysian businessman at the centre of this massive scandal, as well as one of the senior officials who was actually —— have actually pled guilty to these charges levied on him by the us department ofjustice. so they all met together with malaysia's forme

samira hussain is in new york for us. first reaction on seeing this story is what can the wto do about what donald trump wants to introduce? well here's the thing, we have several countries complaining about what donald trump's trade policies mean for them, in particular these ta riffs mean for them, in particular these tariffs on steel and aluminium. the process has been fairly drawn out and torturous, often is the case with these global bodies. lots of systems to go through, the country has had to file a complaint, there was a process and consultation. when that failed, they asked for an arbitration panel to be set up, which was refuted and refused by the us, so countries that had complaints had the file again. usually by the second complaint, that ensures that a panel will be set up. we have had that news confirmed this wednesday. this signals that the process will go on for quite a while and can be quite lengthy, and involves lots of lawyers. but the us also complaining about retaliation from other countries because o

she‘s been speakign to samira hussain. she‘s been speaking to samira hussain. there is still a discrepancy between the number of women and the number of men that are in finance, particularly in senior roles. do you see that changing? when i look around at the nyc management team or more brightly at the intercontinental exchange management team, there are a lot of senior women in very senior roles, you know, senior executives, sol women in very senior roles, you know, senior executives, so i don't see it quite as... you know, i do think there is a trend to have more senior women in leader roles and i think that we are moving in the right direction. we are not moving asa right direction. we are not moving as a global landscape, in the global landscape, but i think we are heading in the right direction. still, the number of public company ceos still, the number of public company ce05 that women is very, it is dreadfully low, and it is frankly falling, which is the wrong direction to see colours i think we need society to change a little bit —— and sol need soc

and samira hussain has the details of what's ahead on wall street today. the holiday shopping —— with black friday coming at the end of this weekend, the holiday shopping period upon us, earning reports from retail companies will be getting a lot of attention. that's because investors will want to hear what they can expect from these companies for this crucial shopping period. l brands will be reporting monday. it is not a household name, but it is the company that owns lingerie brand victoria's secret. victoria's secret is struggling to keep up with competition from cheaper options. l brands also owns henri blendel and they recently closed all of their stores and its online presence. all of that was done in an effort to concentrate their efforts on some of the company's more profitable brands. joining us is tom stevenson, investment director at fidelity international. good morning, nice to see you. quite a week ahead of us, we have covered the brexit week in store in the uk and in brussels. your perspective on what that holds for us.” and in brussel

hussain. several us retailers will be reporting earnings on tuesday. this isa reporting earnings on tuesday. this is a chance for investors to hear from companies are ahead of the all—important from companies are ahead of the all—importa nt holiday from companies are ahead of the all—important holiday shopping season which officially kicks off this friday after american thanksgiving. a strong economic growth in the us is likely to have had a positive affect on target, who expect to report a rise in both sales and profit as consumers continue to go into stores unspent. target has invested heavily to improve its store and online operations by focusing on own brands. 0ther operations by focusing on own brands. other companies reporting earnings include the gap, home improvement store lowes and electronic chain best buy. michaeljones is, lots to talk about. michael hewson. what michael wanted to clarify is is that the bank of england is bringing forward stress tests for banks so they can tal

and samira hussain has the details of what's ahead on wall street today. many industry watchers were talking about the death of the personal computer just about the death of the personal computerjust a about the death of the personal computer just a few years about the death of the personal computerjust a few years ago so it may come as a surprise that we are talking about pc‘s being responsible for bringing up the fortunes of hp, that's the expectation that we will know for sure when the company reports earnings on thursday. analysts a re reports earnings on thursday. analysts are also expecting solid sales of printers and notebooks are also likely to help revenue for the quarter. as ever investors will be looking at the forecast for the upcoming quarter, specifically if the global trade environment and the currency volatility will have an impact on the company. after all those warnings yesterday that a no deal brexit could trigger a severe economic downturn the governor of the bank of england has warned large parts of the uk economy are not ready for s

and samira hussain has the details of what's ahead on wall street today. while they talk about the retailer might of amazon, walmart continues to be the words largest retailer, but given that america's economy depends heavily on consumer spending, wall street will be keeping a close eye on what walmart has to say. it has been seeing an increase in the number of people coming into their stores which will help sales, but higher transportation costs and other factors will mean that their profit margins will shrink and it continues to invest money into its online business. so, investors will be looking forward and want to hear what walmart has to say about the upcoming holiday season. that is some era as saying upcoming holiday season. that is some era as saying that the new haircut, looking great! chrisjustham from seven investment management is with us. talking about the markets, talking about walmart, markets having to digester certainly in europe, london, this withdrawal deal, what it means. the ftse100 as per usual, doesn't reflect the uk domestic economy

now on bbc news, samira hussain talks to stacey cunningham, the president of the new york stock exchange, the first woman to occupy that post, as part of our 100 women season.

she's been speaking to samira hussain. there is still a discrepancy between the number of women and the number of men that are in fine and, particularly in senior roles. do you see that changing? when i look around at the nyc management time or more broadly at the intercontinental exchange management team there senior women in senior roles. so i do not see it... i do think there is a trend to have more senior women in these roles and i think we are moving the right direction. we are not moving as quickly as a global —— in the global landscape but we are heading in the right direction. still, the number of public company ceos that our women is dreadfully low and frankly falling which is the wrong direction to see. so i think we need society to change a little bit and help support what the expectations are of what a senior executive looks like. why are there so few women ceos? there has never been as ceo of an investment bank, a female one, either. we welcome them here all the time. if i look back, most of them are men.

andrew walker will have more on oil in about 10 minutes — but first, lets hearfrom samira hussain about what's ahead on wall street today. it's been a busy week in the us with a mid—term elections, the new amazon headquarters rumours and google changing the way it handles claims of sexual misconduct, so there may bea of sexual misconduct, so there may be a bit ofa of sexual misconduct, so there may be a bit of a reprieve from the busy week that was, but that said there is economic data to be aware of. the price index about how much goods cost that the factory, updated numbers will be released and economists think it will have gone up economists think it will have gone up by economists think it will have gone up by 2%, and this is important because something how much costs for the seller can be a good indication of the prices consumers will have to pay of the prices consumers will have to pay " of the prices consumers will have to pay —— 0.2%. if it costs more to make it will cost more to buy. joining us is simon french, chief economist at panmure gordon & co. so, the pound sterlin

now on bbc news, samira hussain talks

let's look at what is happening on wall street, samira hussain is there for us. macy's, a giant in the retail industry in america, has been fighting the overall decline of in—person shopping as customers increasingly go online. it has been trying to get more people into their stores by doing things like expanding its loyalty programme. so when macy's reports earnings on wednesday investors will see if those strategies have been working. of course, investors will also want to hear what the company expects for the all—important holiday shopping season. also reporting earnings, canadian cannabis company canopy growth. now, it's an increasingly competitive market domestically but investors will really focus on how canopy will capitalise on recreational cannabis legalisation in canada and emerging opportunities right here in the united states. joining us is james hughes, chief market analyst, at axitrader. thank you forjoining us. as sally mentioned before, sterling was doing quite well yesterday after news of the draft agreement but it pared down this morning. ye

samira hussain in new york will tell us how the markets are reacting. and in business briefing we'll be live to shanghai as president xi opens a major trade fair with a promise up to speed up moves to open china up to more imports.

and samira hussain has the details of what's ahead on wall street today. it's the day before american thanksgiving, so many people will have already begun their holiday all will be begun their holiday or will be working a bit of a shorter day. trading volumes on us markets will likely be pretty light, as many already have turkey on their mind. that said, there are still some companies reporting earnings on wednesday, including the heavy equipment maker deere and co. investors will be paying close attention to the company's outlook for the following year of 2019. the trade war between the us and china could have an impact on the agricultural sector, which would make for a bumpy road ahead for deere. thank you for that update about what is ahead in wall street today. joining us is jane sydenham from rathbone investment management. didn't get the memo, orange blazer today. i am feeling left out. so, jane, it is interesting, i was speaking to an investor yesterday about the market sell—off, about equities, yesterday and they were saying that the us economy i

and samira hussain has the details of what's ahead on wall street today. european stocks are tracking gains in asia. the big story on friday will bejobs. the latest us unemployment figures will be released and it is the last look at america's labour market before tuesday's midterm elections. now, economists aren't expecting the unemployment rate to change from its current 3.7%. what everyone will be looking at closely is wage growth and if that has increased by a significant amount. other things happening, well, earnings of course continue and oil giant exxon mobil will be reporting. and it comes at a time in which crude oil prices have touched highest levels since the 2014 oil price collapse. also reporting earnings, chinese retail giant aliba ba. indeed. joining us is james bevan, chief investment officer at ccla investment management. hello. good morning. hello. let's talk about general market. european stocks are now on track for the best week since 2016. why? there's a great deal of optimism that mr trump will be much kinder to the chinese. frankly, i

now on bbc news, samira hussain talks to stacey cunningham, the president of the new york stock exchange, the first woman to occupy that post, as part of our 100 women season. stacey cunningham crashed through wall street's glass ceiling this year to become the first woman to head up the new york stock exchange in its 226—year history. she began her career right here on the trading floor, and at that time, she was just one of a few dozen women. cunningham takes over the exchange at a pivotal moment. computers now do much of the work in trading stocks around the globe, but some things aren't that different. there are still very few female traders on the floor. i spoke with her about thriving in a male dominated industry, and taking over the helm of a powerful international institution in this metoo era. why do you think so much attention is being paid to you being the first female president of the new york stock exchange? i think there's demand globally for people to recognise the fact that they can do whateverjob they want to do. so when they see something that isn't quite as typical,

now on bbc news, samira hussain talks to stacey cunningham, the president of the new york stock exchange — the first woman to occupy that post — as part of our 100 women season. stacey cunningham crashed to wall street's glass ceiling this year to become the first woman to head up the new york stock exchange in its 226th history. —— year. she began her career writing on the trading floor at that time, she was just one ofa floor at that time, she was just one of a few dozen women. cunningham ta kes of a few dozen women. cunningham takes over the exchange at a pivotal moment. computers now be much of the working trading around the world, but some things are not that different. there are still very few female traders on the floor. i spoke with her about driving in a male dominated industry, and taking over the helm of a powerful international institution in this me to europe. —— metoo era. what i think so much attention is being paid to you being the first female president of the new york stock exchange? the first female president of the new york stock exchange ?|j the first fem

injuly he said @realdonaldtrump samira hussain in ny. by by the looks of things, they feel the same way as president trump stop they‘re not going to see as many rises in the new year, but next month there is a meeting and by all accou nts month there is a meeting and by all accounts evelyn is expected to see a rate rise, going and the federal reserve has been on the receiving end of criticism from donald trump, you mentioned that even as early as this week, we have heard criticisms from the president with regards to the federal reserve, even calling the federal reserve, even calling the right to interest rates as one of the biggest threats to the us economy. thank you very much. i expect the chinese telecoms firm huawei‘s been banned from the roll out of 5g mobile networks in new zealand — over security concerns. there have been similar moves in the us and australia. celia hatton explains. united states first raised issues back in 2012, but there‘ve been concerns about huawei for a long time now, huawei was started in 1987 by a f

she's been speaking to samira hussain. there is still a discrepancy between the number of women and the number of men that are in finance, particularly in seniorship roles. i mean, do you see that changing? when i look around at the nyc management team, or more broadly at the intercontinental exchange management team, there are a lot of senior women in very senior roles. you know, senior executives. so, i don't see it quite as... i do think there is a trend to have more senior women in leader roles. and i think that we are moving in the right direction. we are not moving quite as quickly in the global landscape, but i think we are heading in the right direction. still, the number of public company ceos that are women is dreadfully low. and it's frankly falling, which is the wrong direction to see. so i think we need society to change a little bit and help support what the expectations are of what a senior executive looks like. why are there fewer women ceos? there has never really been the ceo of an investment bank, either

samira hussain is in new york. why do they go for the students? —— why did they go for these two. to be clear, it is long island city. so instead of going for one big second headquarters they have decided to split it into two. what is interesting is it actually tells a story about the job situation here in the united states. there really isa in the united states. there really is a lot of competition for employment, and the fact is that amazon would be hard—pressed to go to one city, and really have an influx of some 55,000 jobs over the next two decades, so that would have been the goat. but as the announcement has come from amazon, people in new york are worried about the infrastructure and forjust one can't but eight —— one company. malaysia's prime minister has accused goldman sachs investment bank of "cheating" the country over its dealings with the state development fund 1mdb. leisha santorelli has been following the story since 2009. here's her latest analysis. several years ago goldman sachs raise money for the malaysian group 1mbd. words were, goldman sachs made $600

samira hussain is in new york. what i understand more of what he is proposing in terms of outside company, it being able to trade into china. they key here is that he's seeing a lot of these things but there's no actual time given and specifics on what exactly is going to do. which leads some to wonder if this is just to do. which leads some to wonder if this isjust something to do. which leads some to wonder if this is just something to to do. which leads some to wonder if this isjust something to had been set, but not really to be at any action behind. you referred to president trump and him on the campaign trail he certainly has been talking about trade and now he's tough on trade and working well for americans, but if you look at the actual numbers here, they're starting to be some questions whether the trade war is actually working to america's benefit. if you look at the growth numbers sure, they came in really high throughput 596 they came in really high throughput 5% that's good, the american economy is rob

she's been speakign to samira hussain. there is still a discrepancy between the number of women and the number of men that are in finance, particularly in seniorship rolls. i mean, do you see that changing? when i look around at the nyc management team, or more broadly at the intercontinental exchange management team, there are a lot of senior women in very senior roles. you know, senior executives. so, i don't see it quite as... i do think there is a trend to have more senior women in senior roles. i think that we are moving in the right direction. we are not moving quite as quickly as the global landscape, but i think we are heading in the right direction. still, the number of public company ceos that i women is dreadfully low. and it's frankly falling, which is the wrong direction to see. so i think we need society to change a little bit and help support what the expectations are of what a senior research looks like. why are there fewer women ceos is not there has never really been the ceo of an investment bank, either,

samira hussain, our north america business correspondentjoins us from the new york stock exchange. talk me through why google employees decided to walk out. long simmering issues with regards to the google culture within the company. several insta nces culture within the company. several instances people upset about the treatment of women within the company. what really has sparked the new wave of anger, it was recently revealed one executive at google received a $90 million exit package despite the company having found that the accusations of sexual misconduct against him were actually very credible. so that has really got a lot of people in the company upset. that is on top of a host of other culture issues that have been long simmering within the company. this kind of protest is really unprecedented. for google's park, the head of google has said i respect the desire for the kind of protest, he is apologetic. andy twitter response? what they're trying to get in terms of changes, there are five issues but there is one worth highlighting. the arbitration that is really in place. i

samira hussain is in new york city for us. she is in times square. indeed! do the markets like this? absolutely they do, and for a few reasons. one of course it was unexpected outcome. markets were sort of looking at perhaps we would see the house of representatives would go to the democrats, and that is what happened, and as a result markets we re happened, and as a result markets were not ta ken happened, and as a result markets were not taken by surprise. investors got the outcome that was likely to happen and as a result, with trading started about 20 minutes ago and markets trading about 1% higher, in terms of what investors will see going forward, because as you rightly mentioned, jamie, there will be gridlock lately, so —— likely, so not a whole lot coming out of washington, so any kind of stimulus we have seen in the la st two kind of stimulus we have seen in the last two years, like the tax cuts, it is not likely we will see that again. what about something like infrastructure spending? i thought democrats might be keen on that, republicans, mr

let's talk to our new york business correspondent samira hussain at the new york stock exchange. what i investors saying around you, their worries and hopes? the markets have just started trading about 20 minutes ago, and i think the theme of the day will really be a lot of caution. you will not see a lot of big moves because there is a lot of wonder about what will happen. maryam, you really highlighted it, though, in terms of what investors are thinking. depending on how these elections go, we could be up for another two years of gridlock in congress, that is if the house goes democrat and the senate remains republican, it means there will not bea republican, it means there will not be a lot coming out of washington. what does that mean for markets? they can't really expect any infrastructure spending, which would bea infrastructure spending, which would be a boost, or any sort of movement like that, any more tax cuts for example. what the markets can expect, however, is that there is still going to be rate rise is happening, and that is something markets are still really payin

samira hussain, our north america business correspondent joins us from the new york stock exchange. it would seem these figures are very good for america and the government, it is what they want? in fact, the president took to twitter earlier this morning to praise his blockbusterjobs numbers and at the very end of his tweet, taking credit for the labour market here in the us and then please vote republican. it is a great set of numbers for the republican party to ta ke numbers for the republican party to take into the mid—term elections. that said, thejobs take into the mid—term elections. that said, the jobs and economy doesn't normally play a very strong game in the mid—term elections. for these particular elections there has been a lot more emphasis being placed on immigration and, of course, the supreme placed on immigration and, of course, the supreme course. “— placed on immigration and, of course, the supreme course. —— the supreme court. in terms ofjob numbers, it came in much higher than people expected and also, you know, there is something that people have

she's been speaking to samira hussain. there is still a discrepancy between the number of women and the number of men that are in finance, particularly in seniorship rolls. in seniorship roles. i mean, do you see that changing? when i look around at the nyc management team, or more broadly at the intercontinental exchange management team, there are a lot of senior women in very senior roles. you know, senior executives. so, i don't see it quite as... i do think there is a trend to have more senior women in leader roles. and i think that we are moving in the right direction. we are not moving quite as quickly as the global landscape, in the global landscape, but i think we are heading in the right direction. still, the number of public company ceos that are women is dreadfully low. and it's frankly falling, which is the wrong direction to see. so i think we need society to change a little bit and help support what the expectations are of what a senior executive looks like. why are there fewer women ceos? there has never rea