Friday coming off the exhaustion of all of that central bank news, the analysis of the markets, the big tech earnings. I would focus on this may day, on the persistent theme, the dawning awareness about a seriousness a pandemic continues to be. One lighter note, there is a beach war in america. The governor of california is shutting down the beaches while alabama and texas are talking about opening the beaches. That is the distraction in a very difficult virus statistics. Howcine it is interesting in the u. S. It differs from state to state. With the bloomberg first word news in new york city is Viviana Hurtado. Viviana we begin with u. S. Federal reserve expanding the scope of its main Street Lending program. Now businesses with up to 15,000 employees will be eligible, so will those with up to 5 billion in revenue. The central bank is expanding its paycheck protection facility. This after the initial round of funding was spent in under two weeks. European central bank looking to ease
Regime . Is everybody going to float . What a difference this summer makes. Tom it is august. We are going to give you what we can today. Right now, we need wisdom on the top headlines. Here is vonnie quinn. Border,along the korean the most Serious Exchange of artillery fire in five years. North korea fired a rocket at a south korean border position and that prompted south korea to unleash an artillery barrage. Earlier this month, two south korean soldiers were wounded by a landmine in the demilitarized zone. Policy makers are getting closer to raising Interest Rates for the first time in nine years. Participant said conditions were approaching the point where the economy could sustain a rate hike. Moved to prop up the yuan. The Chinese Central Bank has injected the most money. The yuan fell 3 in three days last week. Kazakhstan is the latest emerging market to give up control of the exchange rate. Tenge reached a 23 drop. Hillary clinton might not have used the private server for emai
Theres quite a lot going on in the markets. Investors once again trying to adopt status quo as they are trying to figure out what happens next. It is a cautious tone at the end of a positive week for global stocks. Next week we have a major speech from donald trump. A lot of industry and Market Participants probably waiting to hear what comes next in terms of his reflationary measures. Tactically00 unchanged. I want to show you volatility. We are seeing a Little Movement when it comes to these yields. 12 54. 05. One of the stress tests when it comes to Political Risks in europe is the spread between the german and french 10year yield. Let me bring you to my bloomberg terminal. Weve been watching it all week. We are seeing a takeup for the spread as investors, after news that Marine Le Pens team met with top bankers, figuring out what her chances becoming president are, they dont want to get burnt on the markets. We will get back to these indices shortly. First lets get the bloomberg fi
Citing the president s words on the campaign trail. President trump is proposing budget cuts across the increase inor an defense spending. The state department would be cut by 28 . The Environmental Protection agency would be cut by 30 . The pentagon would be increased by 10 . Lindsey graham caused the cuts dead on arrival. The spread of populism, giving win. s party a big turning back a challenge by the antiislam Freedom Party. Wilders did worse than the polls. Redicted he proposed blocking immigration by muslims. In asia the China Central bank is in step with the Federal Reserve. The bank of china increased cost of borrowing in open Market Operations and on mediumterm lending. The central bank said the increases do not equate to interestrate hikes. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. , this isa cehic bloomberg. Equities, bonds, currencies, commodities, we saw great move off of the fed action, a more dovish tone. Co
A full week of election coverage. The dollar first. U. S. Stock futures are higher after the fbi cleared Hillary Clinton of committing a crime as rival donald trump implored his followers to overcome a rigged system that he said protected clinton. Joining me is a London School of economics fellow, the author of desperates accomplice. Michael mckee also joins us with all the news that matters. He will talk trade and brexit with the ceo of britishamerican business, Jefferies Group shock, as well. Lets get straight to the bloomberg first world news with nejra cehic. A Third Quarter before hsbc, adjusted pretax profit, which excludes onetime items. It rose 7 from a year earlier to 5. 59 billion, ahead of estimates of 5. 29 billion. It was helped by stuart sullivans costcutting plan. Ukip Prime Minister theresa may is in india to lay the groundwork for a postbrexit trade deal. The following pictures contain flash photography. May has promised to smooth the path to the u. K. For indias wealt