In BIG PICTURE NEWS, the S&P reacts to the Fed's deep cut, we look at whether celeb endorsements for politicians are worth it, the Bank of Japan and Bank of England remained unmoved, UK consumer confidence dives and UK employers push back. In AUTOMOTIVE NEWS, EU EV sales crater, Merc cuts its full year forecasts and VW looks at cutting 30,000 jobs. In TECH & MEDIA NEWS, Brazil fines X, AI poses insurance issues, Warner Music announces deeper cuts and S4 Capital slumps. In MISCELLANEOUS NEWS, FedEx goes cautious, Nike's chief steps down, Next warns of store closures but is bullish about overseas opportunities, Ocado raises sales outlook and we see the implications of the car finance scandal. AND FINALLY, I show you how to tell the difference between a real and a fake Rolex...
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