Pepsicolas earnings this morning. Gina martin adams of Bloomberg Intelligence has been absolutely dead on on the earnings surprises we are going to see off the glue. Pepsi off the gloom. Camecame in al in almost flat. Futures up 18. Onathan futures positive the s p by 0. 6 . Cfohing up with the pepsico a little later on. This thursday, the ecb will be meeting. This coming weekend, european leaders get together. That is a huge focal point. Lisa the frugal five coming out, trying to push back against 750 billion euro programs. The fed very much and focus this week. We get a slew of fed speak ahead of the blackout period next week. A. M. , Andrew Williams and the boe governor Andrew Bailey joining to talk about libor. Then Robert Kaplan talking about covid testing and recovery. At 2 00 p. M. , will get the u. S. Monthly budget statement for june, which should show unprecedented deficit for the u. S. Budget. Jon, no one cares. This is not being reflected in borrowing costs or in what peopl
It was remarkably tame. The first thing i did was look at the bloomberg terminal to see if we could find some of the technical work. This morningned me is the reaffirmation of the in some form of recovery and enthusiasm for stocks. Later by ben laidlaw who is optimistic. Jonathan the s p 500 futures looking optimistic this morning, up 1. 5 . 1. 9 . Look at we have a look at what the markets will look like. Will it be sequential we can we can provement or will recovery . We have been trading on the former. We got the gut punch reminder not to forget about the latter. I think it was a letter that made a comeback. Last 24back in the hours in a more pronounced way. Tom no question about it, the pandemic updated it and there are new geographies of concern. It is important. S ed hyman is adamant that a vaccine is critical in the next year. He was usually hugely enthusiastic on the American Financial experiment. Jonathan the data has been getting better, but the pandemic number has been climb
And bank ofs, citi, america all reporting today after j. P. Morgan and wells fargo yesterday. The pboc cuts mediumterm borrowing costs again amid expectations of further easing, after the imf warns this years downturn could match that of the Great Depression. We are just under an hour away from the start of cash equity trading across europe. Lets take a look at how futures are trading. We had gains in the cash trade yesterday in europe, with the exception of the ftse, and big gains in the u. S. To close the session last night. Mixed trade in asia as the earnings season began to kind of way on some investors sentiment. As a result, we see european futures down this morning. Nasdaq, u. S. Futures down as well, about two thirds of 1 . Lets get you the bloomberg first word news from the terminal. President trump says he is suspending u. S. Funding for the World Health Organization while his administration reviews its response to the coronavirus. He says the who was slow to share informatio
Retaliate. Results reflect the degree of uncertainty farmers are facing in the midwest. Cbs and viacom finally reunite. Work unveils its plan to go public. Another parade of another parade of earnings and at revenue. Ad revenue. The focus is on the decline in online ad revenues. Not a lot of great news lately. Baseline does not suggest a recession, but these factors, keep an eye on them. Kailey it is ahead on bloomberg best. Kailey hello and welcome. This is bloomberg best, your review of the most Important News and analysis from Bloomberg Television around the world. Lets look at the top headlines. We begin with investors jolted by political shocks. Hong kong protesters forced the citys airport to shut down, canceling flights. And in argentina, a result in primary reactions a set off a chaotic election. Argentina is at the crossroads. While the president is looking to us second term, his path to the presidency just hit a massive roadblock. His main rival, the opposition candidate to g
fired back calling it racist. dana: president biden staying silent on the fentanyl. 300 people a day die. that is expected to get worse. fentanyl seizures at the border continue to double year-over-year. peter doocy brought it up in yesterday s briefing but according to the white house everything is just fine. 300 overdoses a day now. we know fentanyl is coming in the sfwoo the country across the southern border. we are securing the border. we have record levels of funding from dhs to stop drugs from entering into the country. 300 overdoses designed to target children. drug cartels in mexico want to kill american kids. what is this president doing about it? to say we re not doing enough is categorically wrong. dana: we have reaction from former d.e.a. special agent. matt finn standing by at the border but let s go to grady trimble in chicago with new arrivals. we were there last night as the first two buses arrived. several migrants waved at our cameras and g