Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot going on, because we have Christine Lagarde testifying in parliament. We will bring you anything that comes out of it. The markets focusing on infections rising around the world. They are focusing around the fact that we could see a stimulus. Lets get to the markets. I dont know if we have them. If we do, it could be great, and it would be a good time to look at them. Overall,ok at stocks they are falling along u. S. Futures, tougher restrictions, progress toward a vaccine. We have plenty more of course on that. Astrazeneca at rising amidst positive news on its coronavirus vaccine. We are hearing from Christine Lagarde. We had an exclusive conversation days ago. The focus is on the need for a stimulus. The focus is also on the need for markets to do a little bit more. She said basically the ecb delivered in the first wave. She is talking about the physical packages, on course for a fis
Nordstrom, one of the retailers that defined expectations this week, it seems like the market is all over the place with these retailers, to put out a positive vibe for the holiday season. Earningscame out with that pleased the street. A lot of shortsellers likely to get squeezed today. Other consumer goods were up 6. 5 . Smuckers has been punished with the likes of conagra and campbell. Guy in europe, we have stocks higher. Volume looks all right. The pound trading lower. In terms ofk services and manufacturing. We saw a week data coming out of the eurozone. Christine lagarde has been talking in germany, talking about the idea that we need some joined up thinking when it comes to Government Spending and monetary policy. Will that actually deliver . We will wait and watch. Vonnie lets get to hong kong. U. S. Legislation supporting protesters has been drafted and agreed to by both houses. As for President Trumps signature, he is counting amid trade talks with china. I stand with hong ko
defence forces have not commented on these drugs but that they have taken control of a hamas stronghold in recent fighting. we have the latest from southern israel. hamas released video of their men fighting on the streets of gaza. they know they can t win a pitched battle, so they re using hit and run tactics. that will intensify as israel s tanks and troops move deeper into gaza city. after an israeli strike in khan younis, southern gaza, they were digging for survivors. the town is in the area israel has told palestinians to go to stay safe. but nowhere s safe. israel says this is self defence. palestinians call it genocide. ahmed had 27 members of his family inside the house when it was hit. this is the bravery of the so called israel. they show their might and power against civilians. babies inside, kids inside! and the elderly! it is the mighty vengeance promised by israel s prime minister when hamas attacked a month ago. in tel aviv, at the empty table set for the host
his speech was unpacking the new order. i think what he was basically talking about was the united states leading western efforts to try to impose technology sales to china to make china less capable with things like ship mate making and green technologies and i have to say that many people in that room, business delegates, would probably agree with them. the old order, if you want to call it that, the idea of countries making stuff that is the quickest and efficient countries, making it and then selling it so people who need it, ithink selling it so people who need it, i think that worked for many businesses. the problem is that western governments were not that happy about that because if you have a dominant country, and poses a threat to you if you are a western country and that is why you see chip not technology restrictions in the us and the retaliation, the rare earths potential ban or at least restriction of what china has to the rest of the world. this is fundamentall