Everyone is safeguarded and is as safe as possible. But again, there are different rules in england, if you are in scotland, in wales. That of people are saying it is confusing. The bigger thing is that there is not a rebellion inside the tory party about some of the extra things put in place, on the fact that the Prime Minister is gaining too much power. Debate. Big story is the ruining beauty rest. Right now, your first word news, ritika gupta. Ritika President Trump and joe biden will go headtohead for the first time in the president ial debate in cleveland tonight. The president unwittingly has n,ne a big favor to bide lowering expectations. He has painted biden as sleepy, which we have lowered expectations for menu have not seen him since the democratic convention. And a scaledback 2. 2 trillion proposal has been the legislation is designed to move along talks between House Speaker nancy pelosi and secretary of the treasury steven mnuchin. More details coming up from the New York
Bloomberg surveillance. Im tom keene in new york. Guy johnson in for Francine Lacqua in london. Monthsin to the summer in august. I look at the newspapers in the United Kingdom and it is sort of a soup of distractions right now. Inme and update on the virus the United Kingdom, because the statistics i look at are actually pretty good. Guy . They are pretty good, tom, and there are large parts of the country where people are talking about the fact that we may have achieved herd immunity. You listen to the commentary come out of a large hospital, out of large hospitals, they are seeing a fraction of the number of cases they saw coming through the door back in the spring. The situation seems to be under control. This is pumping Boris Johnson the prime minister, to make firm assertions that schools will september, in the same way Governor Cuomo is making those assertions in new york. Thathe is pretty lonely on right now. That will be one of our themes without question in august. Back to sc
A beautiful new york today. Good morning in washington boston. Early good morning out in san francisco, to all of you across this nation on sirius xm. We also say good morning to anna edwards in london. Why are we doing this . It is august. Ferro is off. From whats is off abramowitz is off. I said, i want anna edwards, and here she is. I am going to go optimism here with bob doll any moment, with home depot and walmart and all that. Explain to our american audience the place of Marks Spencer in the United Kingdom psychology, and what it means that one in 10 bodies will be shown the door. This isnt necessarily a very optimistic way to start the hour, but Marks Spencer, a huge retailer that was on every high street in the u. K. It is going to be getting rid of one in 10 of its staff, mostly through retirements and the like, but it is not just about covid19. This is a secular trend that has been affecting the retailers. Not only do they have to deal with the fact that a lot of their custo
Once again i say good morning to we have been full by randomness. The story of the french banks this morning is absolutely extraordinary. Francine the french banks, but actually hsbc also disappointed. That is why we are seeing a to thebit of weight banking stocks in europe. I know you want to start with your data tom. Volatility for august. Tom lets do the data check as we go into august. I like what kit juckes of socgen says. August has some risk to it, and we start out with a turn. The markets lower, but the nasdaq 100 trading abruptly higher in america. We will have to see how the tech stocks open. In the yield space, it is a jumble right now. Maybe Early Morning u. S. We are not there. As we see the churn in europe and such. The real news is the u. S. 10year inflationadjusted piece. 1. 01. It breached one on friday, or maybe it was thursday. That is a huge indicator of disinflation. Merrick and oil under 40 a barrel gets my attention american oil under 40 a barrel gets my attentio
Rates of transmission we all have to Pay Attention in order to get it under control. Reporter all nine counties in the bay area are on the monitoring list. San mateo was added on wednesday exceeding the metrics of less than 100 cases per 100,000 people. If it stays there for three consecutive days, indoor operations at hair salons and the gyms would be forced to shut down. This is something that nobody aspires to. Being on this list if we are on this list forever it could potentially cripple our economy. Reporter supervisors believe that the state needs to find a balance between shutting everything down and opening without restriction. He said his county has got to this point. Next week is proposing an ordinance to allow county staff to issue administrative fines to people and businesses whose skirt mask orders. Some people are taking the virus seriously. And if they want take it seriously enough then we will have to take these actions. Reporter of san mateo remains on the watchlist th