Is the ecb doing every thing it can, or will it do more . I think that is the question the market is looking at. We are trading 1. 94 on btps. Vonnie in the u. S. , we erased all of our 2020 decline on the nasdaq, now down slightly lower, but pretty much flat on the year. Microsoft, facebook, all of the things have been doing all of the faangs have been doing particularly well, leading this rally. The s p is up, but there are a lot of crosscurrents, from earnings to the dire economics. We saw the adp report yesterday, followed by jobless claims today, waiting on the payroll report tomorrow. And of course, different reopens across the states. You mentioned currencies making lows today. The dollar index is higher at 100. 29. We were to speaking about crude, up 7 on saudi arabias goodwill on prices. Still not a huge amount for a barrel of wti. Guy every little bit helps. Lets talk about that bank of an story. The new governor Andrew Bailey making it clear today that policymakers could exp
The United States Public Health service as it exists today is a product of experience extending over a period of nearly 150 years. It was originally created as a Marine Hospital service for the purpose of providing medical care to american seamen. It was established by an act of congress signed by the second president of the United States, john adams, on july 16, 1798. This service was originally supported by a tax on american merchant seamen. This was later abolished. It was collected by the collector of the customs of the treasury department. And the Marine Hospital service came under the jurisdiction of that department where it remains today. The first Marine Hospital located at norfolk, virginia. The second was built in boston, massachusetts. Some of the medical personnel were used by the union and the confederacy for the care of the sick and wounded of the military forces. It frequently happened the medical officers of the early Marine Hospital were the first position to diagnose
Opening up like indonesia. It is broadly risk in in asia. Jakarta, a little slow at the get go. Singapore higher. Of 0. 7 . The china security journal says china may lower that mls. The hang seng up 150 points. The bondaction in markets overnight, especially when it comes to treasuries. Aelds in the twoyear fell to record low. Fund fed funds pricing in a negative policy rate. This is ahead of the u. S. Jobs. Bonds still up. Bit of ar taking a slump ahead of the jobs data as well. Crude, still below 30 a barrel. Set for a second week of gains for oil. Lets get more analysis. Patrick joins us. Always great to have you. It seems like we have risk coming back. Disconnect to be a to what equity markets are saying and the signal from bond markets in the prospect of some type of economic recovery. Which side is right . Actually you could overplay the disconnect. The dichotomy between markets. Right tohey are both some degree. Littles are probably a spare. It is not crazy to see some recovery
Job losses. The consensus for the Unemployment Rate is a sharp rise to 16 , the highest since the great depression. U. S. Fatalities from the coronavirus talked 26,000 75,000. The u. K. And france prepare for easing measures next week. A positive u. S. China trade talk call. Christine lagarde says the ecb must go beyond normal tools. Welcome to bloomberg daybreak europe. Lets get the breaking news in terms of earnings. It isng with siemens, cutting its fullyear revenue to moderate drop from a moderate rise. They are saying fullyear revenue they are expecting to see a moderate drop. They were seeing a moderate rise. Second quarter industrial falls. Ses adjusted ebit those are the red headlines. In terms of what we are looking at, they see a stronger Coronavirus Impact in the third quarter. That is interesting for all the people who have been saying earnings would be bottoming in the second quarter. A stronger Coronavirus Impact in the third quarter. They are pulling their fullyear guida
Modifications are made, people can start reopening with those modifications in these particular set theres as early as friday. Its too soon for offices, dine in restaurants and shopping malls. Those will stay close for now. Of the modification that will happen are a result of the data we are ready. Californias Health Report card released monday indicate key metrics are on schedule like inventory of personal protective equipment, healthcare surge and contact tracing. Plus hospitalizations are stable. It looks like it might be going down a little bit. Thats cautious optimism. Regardless has been stable and that supports making the decision. Counties can move quickly through stage two and on the other hand he is not forcing counties to comply with the modifications if they have stricter guidelines. The bay area is an example. If they choose not to come with the state guidelines, they have that right. This is an optimistic day as we see a ray of sunshine on the horizon. Newsom is not nacve