Surveillance. I am Francine Lacqua here in london. This is what the markets are doing, focused on the lack of stimulus coming from the u. S. They are also focused on the earnings. I see a bit of zigzagging. The other thing i am watching for is the pound. A lot going on, you know, in the next 12 hours, when Boris Johnson needs to decide whether to abandon talks with it eu, giving the clear signal of what he wants in order to remain at the table. We have a pack show today. Talk top at 9 30, we the irish finance minister that wedonohoe, and speak with ignazio visco, the Banca Ditalia governor. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. The boeing 787 has been deemed safe to fly. The news comes besides a software upgrade, not being done it for up to two years. The max was founded in 2019 grounded in 2019 after two fatal crashes. President trump and joe biden held separate town halls last night, 1000 miles ap
Our focus of america on Christine Lagarde yesterday, really stepping up and really confirming the independence of the European Central bank. Francine i think you are right. The markets are focusing on more focusing more on what is happening in in europe with the ecb turning more than markets expected at this economic response with extra stimulus from germany and austria today. 750es optimism this policy from europe they are focusing more on this stimulus and social unrest we saw in the u. S. The other thing i would point to is the fact that u. S. china trade relations, theres a lot going on with china stepping up 33 of then against chinese company. Companies. Rick hsbc tom hsbc and charter extending into the weekend. Here is first word news in new york. Todays jobs report is expected to show the u. S. Unemployment rate surged almost 20 last month, after reaching the highest level since the Great Depression in april. The may report is likely to show the jobs slump has extended into whit
Top 3800. Ths germany boosts investment to bolster its economy. The u. S. Is said to be drafting measures to blunt the fallout. A cataclysmic implosion of in response mechanisms, the oil market, equity markets, and it is visceral. To the oil market, the biggest oneday plunge since 1991. It lasted for five weeks the last time the oil market collapsed like this. We are in an unequivocal outright war on the oil market, according to goldman sachs. How that endures, will the russians come back to the negotiating table . Saudi arabia offering their oil at the biggest discounts to anyone else in their wake in 20 years. 20 is on the agenda according to goldman sachs. How did this morph . There is your brand, wti. We will talk to bob mcnally later on. Oil markets with the additional paranoia to really ramp up the markets. We are talking recession risk, Global Health crisis versus Global Financial crisis. The curve, pimco says we are talking about a shock of a recession in the united states. Fis
Markets trying to figure out the fallout from the u. S. Strike meansilled the general for their portfolios. And what it means for the price of brent. Is at theere bryant moment. Gold at the highest in six years. Data. Also getting some Euro Area Services pmi coming into 52. 8 just a touch better than expected. We are at the eurasia summit talking 2020 risk. We will talk to the italian Prime Minister. In the International Rescue committee chief executive David Miliband. Those are coming up on bloomberg surveillance. Lets get to the first word news in new york city. We begin with Australian Authorities counting the cross of newowns on the south south wales in neighboring victoria. Blazes are the generated drive thunderstorms, thousands have been evacuated to Recreation Grounds, converted into makeshift camps. A new top man from china and hong kong, a communist party of thel who is now part anticorruption campaign. After nearly seven months of political unrest. Shows beijings intention to
From beijing that will travel to washington. Manus warm welcome to daybreak europe. The world wiccans up to reassess where we are with geopolitical risks. The iranian response is interesting. We see them withdrawal, verbally withdrawal from the nuclear agreement. Responseheir first rather than a tactical hit. Nejra yeah, absolutely. And in terms of hits, one of the things the oil market is trying to assess is whether we get risk to supply. It reverberates, not just equities and commodities. But weve seen flattening in the yield curve. Manus we have indeed. It was worths worse before christmas. To the gold market, Goldman Sachs say this is your preferred mechanism for hedging. You are looking at a very large range of scenarios coming to play. Its better to use than the oil market, 1600 rocks for them. Bux for 6,000 for them. For them. The price could rise another three to 10. They warn of heightened missile attacks at military bases. The havens are performing as you would expect, which