On further coronavirus stimulus until after the election the dow, which had been up, turned around and actually closed down by about 375 points. It was down by 1. 3 , s p down by 1. 4 and the nasdaq off by 1. 5 . However, this morning the stock futures are sharply higher this started last night around 10 00 p. M. When President Trump posted a flurry of tweets, one of them calling for airline and Small Business payroll support immediately. And another calling for a standalone bill on stimulus checks he was saying that he would sign these bills immediately. And as a result, take a look at the futures, dow futures indicated up with fair value by close to 200 points. Ylan mui has been following all of this and has more good morning. And just hours after the president walked away from the bargaining table, he appeared to take three steps back calling on democrats to pass targeted relief first it was that 25 billion for the and i remember industries Payroll Support Program and 135 billion fo
Bubbles cannot mix unless at work. Tom im speechless. I was just talking to jon ferro, just getting up at the crack of 9 00 a. M. In london, about the uniqueness of it. There are two separate parallel worlds and the United States, where europe and the pandemic is off the radar. Clearly in europe it is unraveling. Francine it is. We are all dealing with the same virus, having the same effect on people, but if you look at germany come it is different on how they decide to do with it, compared to macron, with tighter measures. Now lets get to the bloomberg first word news with ritika gupta. Ritika the chances of Congress Passing a preelection stimulus are all but gone. Treasury secretary Steven Mnuchin is blaming politics. He says democrats dont want to give President Trump something to brag about in his campaign. Democrats say the white house never took the need for another stimulus seriously enough to push for a compromise. Senate democrats are all but powerless to keep Amy Coney Barret
You informed on overwhelm. Were all in this sphere and together to make it through. To save everybody Stacey Stacey stay safe the priest insists a. 2 trillion dollars of dodgy cash flows at some of the worlds biggest lenders and thats despite Financial Regulation the data leak reported over the weekend has triggered calls for an e. U. Wide Anti Money Laundering Authority to talk to an expert to find out more also coming up good and bad news from the aviation sector ed boss reveals plans for its 1st 0 emission aircraft i know times announces that more cuts due to the pandemic. And bikes are looming council. Why is keep up the demand to go to taiwan war. What counted up your business im going to johnson the lender to have you with us now theres nothing wrong with money wherever it comes from and whatever its used for at least that seems to have been the motto for some of the worlds biggest lenders including germany stacia bank a network of journalists has uncovered trillions of dollars o
For its 1st 0 emission at craft. Announces more cuts due to the pandemic. Advice. Can suppliers keep up with demands we go to taiwan. But time to do business i want to johnsonville in with us now theres nothing wrong with money wherever it comes from and whatever its used for well that seems to have been the most some of the worlds biggest lenders including germany starchy bank and network of journalists has uncovered trillions of dollars of suspicious cash making its way through the Financial System that despite strict anti Money Laundering regulations but apparently those stones work across national borders. 2 trillion dollars but so much the International Consortium of investigative journalists say tortured burned j. P. Morgan h. S. B. C. And several of the large global banks laundered on their clients behalf. Their report comes after gaining access to thousands of suspicious activity reports which banks have to file with u. S. Regulators when red flags are raised for journalists a
And german exports mark the biggest increase since 1990. Shares slump after a warning he wont hesitate to add more countries to britains quarantine list. Uber sees revenues fall almost 30 sending shares lower after hours. A warm welcome to street signs. Weve got some macro data. Frances trade balance fell to 7. 96 billion in june down from mays figure comfortably beating expectations in germany, exports are posted their biggest gain rising 14. 9 in june. Strong demand from china spurred a near 9 jump in industrial output chinese exports rose 2 easily beating forecasts. Imports contracted missing estimates of a rise. Officials are reportedly said next week to reach the talks asian markets have traded lower. Main land Chinese Markets taking a hit down 1. 4 amid escalations with washington moving to ban tiktok owner bytedance and we chat owner tencent European Markets have been open about an hour stocks are up 15 basis points. This follows a drop of 0. 7 . Yesterday, the u. S. Session als