To challenge records. Eu finance are set to meet today. Italy lays out fresh restrictions. Chancellor merkel urges germans to follow the rules. Bmp bounces back, the french Bank Benefits from volatility. A bullish tone on the numbers. If you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. We are under one hour until the start of cash equity trading. Good morning. Lets look at futures. Some real strength coming through futures markets sees the european picture up 0. 8 . If we look at the u. S. , we get a similarly positive picture. He saw strength yesterday. We have not erased losses from last week. The coronavirus is still very much with us. Yesterday the u. S. Equity markets recovered to some extent, and in europe, the cac 0. 2 . X up by today we see more of that positive trend. We can see positivity coming through in the asian session. Japan is closed, but we have the asian equity session fairly positive.
Suffering. The fed will use the full range of tools. Powell also saying that the actions are only part of a broader response. Powell also saying that the scope and speed of the downturn is without precedent. Andill hear from jay powell treasury secretary steven mnuchin, two people who right now appear to be working relatively handinhand. It is a big part of the reason why you are seeing risk assets rise as much as they have on a day like today. Moderna that a vaccine might be in the cards. Taylor i think the key takeaway is, yes, the market could be trading on economic data. There, but for the majority, this has been a health crisis. The markets were really hoping for a vaccine. It could be sooner than expected. We know that it also has the potential to not go through. All of the vaccines, the testing, that is really what has been driving these markets. When you see Something Like 900 points off of one study about potential vaccines, certainly ,omething that catches our eye a very big
Havent lifted it before, see what that podium. To be stewed. It is like to be on the wrong end of it is like to be on the wrong end of it as and coming up before 12 30 it is like to be on the wrong end of itasa it is like to be on the wrong end of it as a captain makes me very hungry to be the one student that podium. Asap rocky is due to take the stand in sweden where hes and coming up before 11 30 on trial for assault. Asap rocky is due to take the stand in sweden where hes on trial for assault. Good afternoon. Welcome to bbc newsroom live. We begin with breaking good morning. Welcome to bbc newsroom live. News this hour the government has announced the bank of england has left the additionalfunding to prepare the uk in the event of a no deal brexit. Interest rate unchanged, it remains the chancellor, sajid javid, says ata Interest Rate unchanged, it remains at a quarter of 1 . The bank of the extra £2. 1 billion was necessary england has left Interest Rates to ensure the uk is prep
Claims china hasnt increased its purchases of American Farm product as promised. Awaiting the outcome of highstakes meeting between japan and south korea. Digital date. Trump slams facebook over plans of a cryptocurrency. Vw and ford are set to announce an expanded alliance today. Welcome to bloomberg daybreak europe. 6 00 a. M. In london. Treasury curves across, following the better print in the u. S. Despite the fact Jerome Powell kept to his dovish message. The 10year and 30 year yield jumping eight basis points yesterday. We had the lower than average bid to cover ratio in the 30 year option. The 10year at 2. 13. We did see the 30 year yield the ands main in yesterdays session and the s p 500 hitting a record high but not closing above 3000. At one point, equities taking a dip halloween President Trumps comments about china. Sensitive things are. Will we close above 3000 and the week . How much further do we have to chronically gains . Look at the dollar. Weakness in the dollar for
That is one of implications. In terms of producinging Affordable Housing because it will affect the tax programme. There is a number of analyses that have been done. But it is tens of thousands of units worth of Affordable Housing that will not be available to us in the next five to 10 years. What happened, the money we just won sacramento, the new permanent source of 250 million a year and the sb3 bond that is going to be on the november 18 ballot, assuming we win it, the 3 billion bond. That will fill the hole that the federal government just took away for the next years to come. We end up even once again. This has been the world of Affordable Housing. We seem to be running in place while simultaneously the private Real Estate Market with all the thirst for living in San Francisco is on fire and sort of further creating the disruption and displacement that commissioner richards talks about. How do we get ahead of the curve when the feds and state keep pulling the rug out from underne