Rolling coverage of the latest economic and financial newsLatest: US initial jobless claims hit 1.48mUK retailers expect weak sales in JulyFTSE 100 fell in early trading, then reboundedIntroduction: Surge in US Covid-19 cases spooks marketsCoronavirus – latest updatesSee all our coronavirus coverage 2.55pm BST After 20 minutes, the Dow Jones industrial average is now down 199 points, or 0.8%, at 25,245. That’s its lowest level since Monday 15 June, leaving the index flat for the month and 11% down this year. 2.34pm BST Ding ding! US stock traders have returned to the fray after yesterday’s rout, with anxiety over the coronavirus pandemic still swirling.The Dow has dipped at the start of trading, losing 95 points or 0.4% to 25,350 (on top of the 710 point tumble on Wednesday). The #Covid19 surge leads page one in Kansas City, Miami, San Francisco, Houston …(via @ukpapers) pic.twitter.com/NwHOOeg4AP Continue reading…
Via: UK retailers pessimistic as economy reopens; Covid-19 worries markets – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…