Thursday as washington awaits. Youre right, the ecb will be very important. Jonathan ferro made clear to me the optionality that madame lagarde has is extraordinary. Weve got claims at 8 30 washington time, new york time. That will be a precursor for jobs day tomorrow. All of this is overwhelmed by the historic moment. All i can tell you, just one vignette, francine it was extraordinary to see the handwritten note by the chairman of the joint chiefs of staff yesterday, to his officers and his troops. That was truly an historic moment. Francine we will spend a good amount of time talking about the military, given what we heard and general mattis esper. Lets get to bloomberg first word news in london with leighann gerrans. Leighann good morning, francine. As you were discussing, President Trumps former defense sayingry, jim mattis, is the president misuses the military and is dividing the nation. He also said the country must reject those who make a mockery of the constitution. President
Worldwide as well. Good morning to all of you working from home during this endemic and listening to our pandemicontent this and listening to our digital speak torea we will Kevin Cirilli about the events in washington over the last 24 hours, and certainly the comments of various members of the military about the commanderinchief. We will also look at the ecb, that Important Press conference coming up. Jon will brief us on the difference between 500 billion on dollars. Illi it is extraordinary. To be honest, i have lost of the a million here and a million there of an white of unemployed americans. Jonathan everyone has, not through malice. What we are hoping to see is claims rollover. I thought yesterday was absolutely remarkable, to get that adp report of negative 2. 6 million, and to call that an upside surprise you imagine me telling you at the start of this year that a number like that would be called a big beat, a massive upside surprise . Tom of course, the backdrop is the s p ma
Happening with the vaccine story. Depending on which market you were looking at, one is winning out. Here in europe, the bulk of equity markets are writing higher today, and its been a good week. The ftse 100 being dragged lower by names like hsbc, which is certainly down quite sharply. That obviously relates back to what is happening in hong kong. A big impact there. You can ripple that out into what is happening as well within the commodity space. Copper trading down by over 2 . U. K. , data out of the some deficit data that is terrifying, but in some ways to be anticipated. Again, the market has largely priced that in. We are going into a long weekend. Do you want to carry risk over this weekend . The pound trading 1. 2177 on the cable rate. Vonnie hong kong chief executive carrie lam spoke a short time ago, addressing the unrest caused by chinas new National Security legislation. For more on what carrie lam is saying and what exactly is going on in china, lets get to our first gues
Walking in lockstep as the ecb ramps up with Pandemic Purchase Program and germany injects big money into its economy. Asian stocks and futures throw caution to the wind, setting up for a positive end to the week here in europe. The euro holds flat on its longest run since 2004. Lufthansa is set to be kicked out of the dax after a 32 years day. It will be replaced by deutsches on the 22nd of june. Just under one hour away from the start of cash equity trading in europe. Lets take a look at how futures are trading. If we do have gains today, it is going to be four out of five. Euro stoxx 50s up one point 1. 2 5 . Ftse futures gaining 1 this morning. Take a look at what is going on in terms of u. S. Trade. We see on the s p, the dow, and the nasdaq, all gains. Just about 1 for dow jones futures. The leader among the three benchmarks. What do you see on the gmm . Anna let me just tell you what is coming through in terms of breaking news this hour. Just while you are talking, we have a hea
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its