Francine we will have plenty more on that throughout the day. Lets get to first word news with ritika gupta. Ritika no murder charges in the Fatal Shooting of breonna taylor. A kentucky grand jury chose not to file the indictments against any of the Police Officers involved. A single officer was charged with wanton endangerment for firing into neighboring apartments. The decision has sparked outrage and renewed violence. At least two Police Officers have been shot. President trump says the Supreme Court will likely have to decide the outcome of the november election. Hes arguing he needs to confirm a new justice to replace ruth bader ginsburg. Hes casting doubt on the validity of the election, reiterating his criticism of mailin voting. Idea of challenging the virus is gaining. The study speeding up research but raises ethical questions about exposing people to a potentially fatal virus. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalist
Bottom to the top. Well speak with the analyst that sparked the probe at 10 15 cet. Auto stocks go into reverse after car sales across europe plunge into 17 . But because of weaker demands and concerns weigh on sentiment. Snowflake gets a warm reception as shares spike more than 100 on the first day of trading on the new york stock exchange. The ipo is not the highlight of my life it is a milestone. We are here to build our business thats what we are excited about. Thats what we do. Thank you for joining us today. Reversal for the Major Industries you are seeing sizeable falls. All in lock step yesterday the uk stock market was down and we had improvements across the boards there does seem to be reaction as they are talking about low Interest Rates for a long time the market looking a little bit weaker at this stage wall street is soggy we are picking up on some of those queues the bank of england closely watched. Lets see where some of the green is coming from these are better perform
Scale of yemens corona Virus Outbreak which one aid agency describes as an unfolding catastrophe. The u. K. Prime ministers top adviser prepares to speak out after boss johnson defied intense pressure to fire him for breaking quarantine. Im joining us rosco with sports including worrying times for slats enable him a bit she suffered in the killings injury in training with ac milan which could rule him out of the season and potentially end his career. India has resumed domestic flights with the government eager to get asias 3rd largest economy moving again on the same day that it would announce its biggest jump yes a new corona virus infections almost 7000 are india correspondent Elizabeth Brandon reports from new delhi. It is the new normal that indian airports start sanitize passengers bags before they enter the turn. The disinfectants praised just one of a number of new measures as domestic flights resumed passengers temperatures a checked before and after flying masks a compulsory t
Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. What stood out to you . David yes nejra yes, that ters, one ofo dissen whom was michael saunders. If there had been 80 dissenters, he was one that was expected. That split vote had been any dissenters, he was one that was expected. That split vote coming as a surprise. I am just taking a look at some of these headlines here. In terms of cutting the inflation and growth forecast, that was expected for both 2020 and 2021. It really is that split vote that has come as a surprise because all of the ec
S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The biggest decliner of the three major averages would be t