Chancellors statement . Were they in strong agreement with him . Anna he has a lot of support within the story within the tory party. Good morning to you, tom. Rishi sunak thrown into this incredible task of managing the u. K. Economy through all this. He remains very popular within the party. Interesting to see from the other side of the political spectrum, the criticism that he is not done enough. Maybe he is saving something for the autumn, but it will be crucial to watch what happens with unemployment. That we have an end mechanism for the furlough scheme that has done so much to support employment for this country. How much happen and will employment spike . Thiswere people riveted to , the statement at the beginning that the pandemic is terrible. Were people riveted to his speech yesterday . Anna im not sure that riveted is a way to describe it. Earlier, that dominated the day to day conversation, the conservative party stepping in in a way that you might expect a Labour Governme
Ridehailing company grab is among the companies reconsidering partnerships. And it is rent day for britains commercial tenants, but how many businesses will pay up . Theu. K. Plans this as u. K. Plants substantial easing of lockdown measures. We will get analysis. Lets have a look at where we are on the futures picture for equity markets. This is the picture for european futures. Stoxx 50 futures and ftse futures both down around. 06 0. 6 . It looks like we will have a bit of a move to the downside at the start of trade. U. S. Futures are fairly flat this hour. Futures on the s p entirely flat, on the dow entirely flat, the nasdaq or positive, up 0. 2 . Yesterday we saw concerns around the second wave of the virus or the third wave, perhaps, in the u. S. , the south and southwest of the United States, taking the edge off gains in the s p, but the nasdaq is powering through to new record highs. Lets show you whats been going on through the asian session. Things looking pretty mixed. Som
Coronavirus cases top 12 million. Vice president pence says schools should reopen. Raphael bostic warrants about the hit to Consumer Sentiment. Stock market frenzy pushes the shanghai composite to its highest level since 2008. Thats after mega cap tech took the nasdaq to another record overnight in the u. S. Recovervenue begins to from the pandemic fuel slowdown as your europes Technology Company sees a bounceback and Software Deals throughout asia. Just under one hour away from the start of cash equity trading in europe. Lets take a look at where futures are pointing us right now. Ftse futures up about. 6 . Take a look at u. S. Futures. They have been down though only slightly. Anna, what have you got . Anna lets have a look at breaking news. Numbers coming out from rollsroyce. The engineering business, the engine maker here in the u. K. Giving us details for Free Cash Flow and cost medication action. They themselves are taking it. One billion pounds for cost mitigation action for 202
Pension reform, which is controversial and france. Tomorrow is Super Saturday in england. Restaurants, hotels and hairdressers will finally good to reopen three and a half months after the start of the coronavirus lockdown. The Prime Minister is urging people to act responsibly and warning that the u. K. s not out of the woods yet. And in hong kong, police have charged a 24yearold man for inciting and committing terrorist acts, the first charges under the new National Security law there. He was accused of violating the National Security law as he drove his motorcycle, which had on it the slogan, reveille revolution in hong kong. Beening maxwell has charged with helping Jeffrey Epstein sexually abuse girls. The federal indictment comes after Jeffrey Epsteins arrest. Maxwell was his close associate for years, but she has long denied involvement in his sexual offenses. U. S. Prosecutors say she helped him identify and groom his victims. Her lawyer declined to comment on the charges. Globa
U. S. Commerce Department Suspends regulations allowing special treatment to hong kong. Boris johnson will channel fdr in a midlands speech, touting a new deal. He is expected to push Infrastructure Spending and hold off on balancing the books until recovery is certain. 6 00 a. M. Int gone london. The narrative i think from two very powerful local points, the health organization, the worst is yet to come and extraordinary uncertainty coming down the pipe. Which market is incorrectly priced . U. S. Equities or the bond market . You like a little bit of belly in the bond curve, dont you . Tell the truth. Nejra i absolutely do. We are seeing ourselves are all the time and ask our guests this. With all the Central Bank Stimulus out there, its sort of makes sense that you have equities and bonds gaining in tandem. Data track did some research and investors absolutely split down the middle on whether we see gains or losses of 10 for the second half. There is a lot of cash sitting on the side