1. 30. Immunereally, it seems, in the pound crosses to the brexit headlines. You get a little bit of movement, but not very much on the headlines being generated out of brussels. Crude down 0. 6 . A cautious outlook coming from opec . The virus story front and center. Alix virus cases. Leaders virus cases surging across europe. Leaders weighing options. Italian Prime Minister Giuseppe Conte is holding a press conference right now, saying they cannot take the same measures as in the first wave of the virus. Joining us with more from roane bloombergs is alessandro. Ndro the milan area has requested a curfew from 11 00 p. M. To 5 00 a. M. To stop the activity, to stop people mingling together and going out for a drink in the evening. This is not enough to stop the spread of the virus. We had almost around 10,000 cases per day daily, below the european average, but still higher than what we have seen just a few weeks ago. We are expecting new numbers for today any minute now. Guy when you
Address in the next few months. One issue onver which i can be decisive today. And i think all members of the governing council will agree with me. We must explain much better to the general public what we are doing and why we are doing it. People thattalk to we do not normally reach. This imperative has to cascade the role elements of our review, our inflation name, our inflation measure, our tools, and their effectiveness, and how we take into account new challenges that people actually care about. The housing costs, but also Climate Change and inequality. Im fully committed to that. Monetary policy can only be credible, mind you, if we ensure that our goals are truly understood and shared by the people we serve. I think you very much for your attention. That was Christine Lagarde, the president of the European Central bank with an important speech of about 4045 minutes. The focus has been on inflation. There are a couple of things we need to look into and we have reaction from laura
Tom good morning everybody. Bloomberg surveillance. An extraordinary friday getting ready for october as well. Fox, mr. Ross drops a bombshell. He will take tiktok away from my children. I dont believe it, including updates. Aboutan shall i be clear what is going to happen . As of monday you wont be able to download the app. If you download the app, you wont get the updates as of monday. As of november 12, if we dont have a deal, that is when the shutdown comes into force. In plain english, that seems to be the story. Jonathan you have to tom you have to believe the chinese will respond to this whether that is the china vehicle of tiktok or the government in beijing as well. An ipo withsider ystrom of instagram leading the company. To the various point, oracle shares down in trading. This is a transaction, we dont know how to identify it. There is very little visibility. Tom the key phrase is hardline. Communication with the americans is clear. How does china react to hardline . Jonath
Rally. The bond market yesterday saying a bit of buying come back, but not much for printing. 71 basis on the 10 year right now. Action pivots over what is happening in the United States. We get to the Michigan Consumer center. A little stronger than economists seemed to have protected. 74. 1, up from 72. 8 last time around. 72. 8 was what the economists were predicting as well. Current conditions, 82. 9. That is slightly ahead of expectation which are at 60. 5. The expectations number is actually where we are seeing the strain. Lets turn to our big story of the day, we have seen that apart from the japanese Prime Minister shinzo abe, the countrys longest serving premier will be undergoing treatment for chronic illness. He spoke earlier today. Respond to ready to the mandate by the public. I made a judgment i should not continue my job as Prime Minister. To step down as Prime Minister. Indicated that he will stay on until Leaders Within his party choose the successor. That could happen
Being allowed to return to the beaches bars and boutiques in july. And with governments borrowing billions to stay afloat during the pandemic we investigate the challenges of repaying the huge debts. We begin in libya with new developments in the fight for tripoli Government Forces have seized control of 3 military camps on the outskirts of the capital from all of our start the latest Success Builds on recent gains by the tripoli based government of National Accord or d. N. A. Against tough saw and his selfstyled Libyan National army earlier this week in a forces took over several towns and an air base near the border used for hostiles airstrikes his forces launched their offensive to capture the capital in april last year but it felt to get very far beyond the city limits so. That leaves the un recognized government in control of tripoli misrata and other areas shaded here in blue stretching west towards to newseum highly far far and his forces hold the red territory they include vast