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
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
It seems like brexit is underpinning every investor fear and driving markets lower. It seems the Brexit Campaign is gaining serious momentum. Tom i guess i look at it like the fed meeting tomorrow. The Brexit Debate is data dependent. When i am fascinated by, i know we will touch upon it through bremainance, how do the people respond to what you see . Francine i do not think it is data dependent. I think there is emotion and it is a very Clear Campaign from the brexit people saying if you are historically one that takes the u. K. Can win this then you should vote for brexit. This is a very interesting nuanced game plan. Lets get straight to the bloomberg first word news with nejra cehic. Four new polls indicate the u. K. Is on a path to leave the european union. Has the leave faction ahead by as much as seven points. Britains biggest selling newspaper came out in favor of a brexit, saying if britain stays in the eu britain will be engulfed in a few years by this german dominated federa
Surveillance, francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. Tom what a movable feast this morning. Tick by tic as we went into this opening, francine and i were going backandforth over the dynamics, and i have to say this, we do note we do not know why Deutsche Bank is south but it is south. Francine i think there are concerns that the brexit shows investors are very nervous and it goes into the weak spots so i think we will see many more spots like this. There may be something more underlying. Lets get straight to the bloomberg first word news. Nejra the field is down to three and the race to become the next british Prime Minister. Theresa may took the lead in the battle to succeed david cameron, winning 165 votes in the first round. She was followed by Andrea Leadsom and michael gove. Stephen crabb has dropped out and liam fox desk liam fox was eliminated. The next vote is tomorrow. Report is likely to revive recriminations over