Cheerleading forward as we expect politicians to do. The underlying math on the thursday past was outright graham. Outright graham. Whether it was germany or russia. Increasedew york city 9. 8 yesterday. That is a huge fall back from the end of may story we have been getting. Francine if you look at the pattern, if it is anything like we saw in france, gets better and then gets worse and then get better. Bear with us and good luck to everyone. Lets get to the bloomberg first word news in new york city. There china hasnt had an economic report like this in decades. The coronavirus pushing the countrys economy into a contraction in the First Quarter. Gdp shrinking to 6. 8 from a year ago, the worst performance since at least 1992. Recovery will not be easy. Coronavirus has hammered business around the world. China will have to demand will have to rely on fragile domestic demand. It is a threephase process. The president says some phases could begin literally tomorrow. The guidelines mark
Their losses. The shenzhen composite fell more than 2 . Earlier this month, china plus government took unprecedented steps to bolster its stock. In greece, the latest talks on a bailout have begun this morning with the disagreement. Prime minister Alexis Tsipras says lawmakers have approved austerity measures, the creditors disagree. They say more reforms are necessary before greece can get any of the 95 billion worth of aid. Donald trump is worth 2. 9 billion. The celebrity president ial candidate has said he is worth more than 10 billion. The bloomberg billionaires index shows that the majority of his fortune comes from real estate holdings. Bp has reported his slowest quarterly profit in at least 10 years. The British Energy company has been hurt by the end of the boom in trading. The conflict in libya forced bp to write down almost as hundred billion dollars. Brent oil is 20 below its peak in may. The newest book from dr. Seuss has hit stores today. What cap should i get . Is the f
First, the bloomberg first word news. U. S. , morethe attacks on the republican proposal to repeal under place of obama care. Major medicated sugar say they have serious concerns about the bill, which cut 880 billion from the medical program for the poor. Some republicans are worried about state budgets. Vote tomorrow. North koreas latest missile test has failed according to military officials. They stated missile appears to have exploded within seconds of launch. After theree days regime claim to have made a Major Development in the Missile Development program. In europe, turkey has asked it remove it from the place being covered by the new travel ban electronics on board when they fly to the u. S. The u. K. Has joined in on the ban but turkey says it shouldnt be joined in those restrictions. And french president ial gettinge macron is ahead of Marine Le Pen. 26 in a first round matchup with Marine Le Pen dropping to 24. 5 . Beats Marine Le Pen in a runoff. Global news, 24 hours a day
You have heard about that ongoing investigation. Police in london urging the media not to talk about the perpetrator because of the ongoing nature of what is happening. Tom what will the nation listen for from Prime Minister may . Guy stability. She is the right person in the right job. Her previous job was in the home office, its responsibility this kind of incident. She knows her way around these events. One thing people will be taken away from this is how did such an attack happen so close in central london. How did this man gain entry to the palace of westminster . That is a question that will need answering. Taylor we are starting with developments in londons worst terror attack in a decade. Detectives have been working through the night. During that time, we have searched 6 addresses and made seven arrests in birmingham, london, and other parts of the country. It is our belief that this attacker acted alone and was inspired by international terrorism. People were killed in the at
This is bloomberg surveillance. Im mark barton in london. Thatme to have a sip of because we have an acceleration to the fastest pace this year, adding to evidence that growth is becoming more resilient. The pmi index, the composition index, rising to 53. 7 in october, from the 52. 6 in september. This is the fastest pace since the beginning of 2016. The recovery continuing at a steady if not spectacular pace in the face of headwinds from brexit, slowing trade, political uncertainty. Ecb supporting the economy with unprecedented stimulus that will come under review in december. Just want to show you whats happening to the markets today. The stoxx 600 trading higher. Last weekend it rose for the second consecutive week. Best run since september. Last weeks rise was the strongest in a month. Byres the euro stoxx 600 up 0. 75 . The euro is a little bit up now. Track force march, on the worst fourth weekly drop. It is all about divergence because the u. S. As many think is set to hike rate