And the markets say by gold. Global google searches for the phrase hit levels not seen in nine years as the yellow metal barrels passed 2000 an ounce. The cash trade is less than an hour away. Here are your headlines. The white house and democrats aim for a virus relief deal by the end of the week and bill gates tells bloomberg exclusively the u. S. Should help poorer nations get vaccines. Rocked by a massive explosion at its main port, killing dozens and injuring thousands. Authorities are yet to confirm what caused the blast. In fromcontinue to roll europes largest countries. Commerzbank anticipates a loss for the year. We will speak with a host of top executives in the coming hours, including from the frankfurtbased bank. We are just under an hour away from the start of cash equity trading in europe and out in the u. K. Lets take a look at what futures are indicating. Green arrows across the board. For ures up the most, 0. 4 . We get a slew of earnings out of German Companies this m
Earnings results and a price of oil. Gold, topping 2000 and so you have gold topping 2010 same time, european stocks gaining so it is a risk off mood, high volatility for the month of august. The 10year treasury yield, steady near the lowest since march. There are signs american lawmakers are making progress on an economic aid package. Lets get to the first word news in london with laura wright. James the white house and democrats hope to have a deal on a new relief package by the end of the week. Sides remained far apart on key issues that they appear to be moving closer to an agreement. Any vote on a deal would likely not happen until next week. U. S. And china are planing to assess their phase one trade deal this month. Sources tell bloomberg the discussions between trade representative lighthizer and the chinese vice premier will take place around august 15 amid a backdrop of rising tensions between the two countries. And u. K. , lawmakers are urging Boris Johnson to be more open a
Me, it was a real pandemic overlay. This is serious stuff. You can bring it right over to the urgency in washington on the stimulus, where yesterday, just as everyone pretty, there was a panic, and maybe they jumpstarted those talks. Francine yes. Just so you know, the subscription model is actually that you buy for disney , and you dont have to buy each time. We will have the experts on that. Lebanon was, already on its knees. This will just push it further into difficult territory. Lets get straight to the bloomberg first word news in new york city. Heres ritika gupta. Ritika the pictures are incredibly intense. That explosion at a warehouse in beirut was felt miles away, and field hospitals with casualties. Reports are at least 100 were killed and some 4000 injured. Almosts government says 3000 tons of Ammonium Nitrate was stored in the building, but they are not saying whether the blast was caused by an accident or an attack. The white house and democrats are trying to strike a dea
First time since the lockdown in march. Michael mckee joins me now. What was your biggest take away . Michael if you are going to manage the virus better than the United States and their economies are opening up faster and stronger, which seems to be the case looking at the pmis. We got manufacturing and we got services, and all the Major Economies in europe are in an expansion. The move in italy particularly notable, above 50. Some down from preliminary expert, estimates, what they are the composites tell the story, all above 50 and they have all grown. The highest level in two years for the eurozone composite, there is some strength in the economy. They have not been hit as hard with the second round as the u. S. Has. Has moveds well solidly into expansion territory. Compare that to june, where contraction was the rule but services and the composite above 50, 57, a strong number. U. S. Versus isms, who is winning . Michael europe is winning. It is not expanding as fast as it appears.
President yee good afternoon and welcome to the april 21, 2020, meeting of the San Francisco board of supervisors. Madam clerk, will you please call the roll. Clerk thank you, mr. President. [roll call]. Clerk mr. President , you have a quorum. President yee thank you. Everybody, please place your hands over your heart, and would you please join me in reciting the pledge of allegiance. [pledge of allegiance] president yee thank you. Supervisor safai supervisor safai is present. Clerk thank you, supervisor safai. President yee okay. On behalf of the board, i would like to acknowledge the staff at sfgovtv who air the meetings and make the transcripts available online. Madam clerk, are there any announcements . Clerk yes, mr. President. During the Board Meeting, members will participate online as though they were present in person, and the public is invited to participate in the meeting in the five following ways. First, you are welcome to submit via email at board. Of. Supervisors sfgov.