Up for today. Were going to look at all of todays market moving news from new york and london. We want to begin in washington were the Trump Administration stoc struck a deal on a rescue package. Mitch mcconnell says it is an historic plan. At last, we have a deal. After days of intense discussions, the senate has reached a bipartisan agreement on an historic relief package. It will rush resources onto the front lines of our Nations Health care fight and will inject trillions of dollars of cash into the economy as fast as possible to help american workers, families, Small Businesses and interested and industries make it through this. Alix joining me is kevin cirilli. Walk me through what is in the bill and what to expect. The deal will likely pass within the next 48 hours. They are bullish to get this done. 500 billion for Large Companies as well as corporations bailout cash for industries that have been impacted by the economic effects of coronavirus. 350 billion for Small Businesses.
Opportunities, and we can take advantage of them. The issuance of costly promises is virtually limitless. Shery Central Banks release Meeting Minutes with important clues for investors, while Neel Kashkari shares inside insight on the fed stock proccess. Wall street overreacts to everything. They overreact to the upside, they overreact to the downside. Shery plus, the earnings drumbeat continues loud and strong. What is pleasing is all parts of the business are performing well. There is still a lot more work to be done, but we are pleased with where we are today. Shery it is all straight ahead on bloomberg best. Shery hello, and welcome. Im shery ahn. This is bloomberg best. Your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Markets were closed in the United States on monday, but there was plenty of drama elsewhere, as a euro group put forth a nominee for the vice presidency of the European Central bank. Nejra th
Station. He will visit the region this week along with his wife karen. , estimates to total damages caused by Hurricane Harvey continue to rise. Research now projects losses of 42 billion, up 12 billion from monday. Other analyst estimates are at more than 100 billion, potentially more than hurricane katrina. Louisiana Governor John Bel Edwards said his states offering to shelter storm victims from texas after the state conducts rescues of its own residents. More than 500 people have been evacuated in southwest louisiana. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Bloomberg technology is next. Caroline im Caroline Hyde in for emily chang. This is bloomberg technology. Coming up, north koreas clear and present danger. The Un Security Council schedules an emergency session after another Ballistic Missile launch. We discussed the reaction from around the world in the plan from the pentagon.
Equities are trading with 30 minutes left in the monday session. Stocks are rising for the first day after rising for the first week in five. The red cars are your currency falling against the dollar. Janet yesterday will testify in front of congress. Carillion is a big decline here in the u. K. Shares fell as 41 . Thats the lowest since 2003. Profit will be lower than expected. Dividend payments will be suspended. The chief. Down. Will step down. They have major contracts and the company will undertake a comprehensive review of the business and the structure. This will boost the stock rice. Investors had also been skeptical about the stock because before today it was off 19 already. It was the shortest stock in the u. K. According to ihs markets. They are 41 lower, a record decline at the open today. Lets get to gold. That was the biggest production since 2015. Etp and Precious Metals will cap flows. They saw more investor money and total assets. Gold shares are the top etfs. They fel
Line. We will be looking at what will come next to resolve the crisis the european markets are lets check in with manis at the touch screen we are off to the races and the nasdaq made a 14 year high yesterday. We will what other political issues there are in the world. We will get prices later on today. The Building Confidence is at a sevenmonth high and we will get the current account and some data in the United States of america. Equity markets are open. Lets go in to see what is driving the upside. It is going lower. This, lets go down into portugal. You are seeing that do a little bit better. Some big Company Names are in focus. We had results and we see it coming off. They say that they are looking for growth and have returned to profit. Withare looking at targets the vestments divestments. They come out with the merger program and they are going to. Tick with pillars they are demerging. That is going to spin the stock off. We have it. It is on the tape overnight and they are sayi