If we can bring the board up. Gold up 0. 2 . A lot of Market Participants looking at the Earnings Results and european stocks. Now lets get to the bloomberg first word news. Hi, laura. Thanks. Global coronavirus cases have topped 15 million. The u. S. , india and brazil account for nearly half of all confirmed infections and fatalities. Texas reported its biggest daily number of deaths. Australias budget deficit is set to hit a post world war ii ecord. The deficit will be more than double what it was the past year. It comes amid a surge in spending to mitt gate the impact of the virus on the economy. There are still some challenges times ahead. We continue tonight the decisions to provide support in the economy. We do have to get back into situation revival. The employees on their own income rather than rely on taxpayer support. Francine italy funding to rescue the economy hit by the pandemic. Bloomberg has been told the extra money will be used to help businesses and provide subsidies
English premier league along with a spat with the u. K. , all reports prius president xi jinping could close the u. S. Consulate in showing do. Tension and political Mitch Mcconnell good unveil a gop plan opening up discussions with immigrants. Cost cuts assifies it sees a considerable slump in economic output. Confirms its diagnostics unit. Units from unilever coming from across the wire. What are you seeing . Anna we got the numbers from unilever. Lets get to the story in london. Unilever with underlying sales, down. 3 , but better than the market anticipated. The estimate was for a drop. 3. 89 . That is a good number for the underlying sales story. They were telling us about what they plan for their tea business. They talked about moving it on in some way. Now with a that will hold they will hold on to some of it. They are retaining the tea businesses in india and indonesia and interest in the ready to drink tea joint ventures they have, but they are telling us the operations they w
India may miss growth targets as the virus cripples the outlook. Intel plunged after its new chip reduction process was delayed again. The company is under pressure as customers increasingly turn to rivals for chips. We are just getting pmi data out of australia crossing the bloomberg. The pmi actually rising to a record high in july. This is a preliminary number for services coming in at 58. 5. Manufacturing pmi also higher, 53. 4 from 51. 2. Composite at 57. 9. A big jump from the 52. 7 in the previous reading. That returnecting to some semblance of normality as part of australia exit the stricter lockdown. Going forward will be key given we are seeing a fresh sixweek lockdown from victoria. Lets take a look at how we are setting up this friday session. U. S. Stocks falling to the lowest in about a week after unexpectedly high jobless claims rekindling worries of the economic recovery stalling. We are seeing more recovery when it comes to trading in futures contracts come up about. 2
A minutes silence to commemorate the life of a minutes silence to commemorate the life of sir tom and to respect the life of sir tom and to respect the lives the life of sir tom and to respect the lives lost through covid. Remembering captain sir tom moore a minutes silence is observed in the House Of Commons. And the nation is urged to clap for him at 6pm tonight. Good afternoon. The Health Secretary, matt hancock, says Research Suggesting the Oxford Astrazeneca vaccine may reduce the spread of coronavirus is superb and will help us all to get out of the pandemic. A study, which has yet to be Peer Reviewed, has shown the jab could cut the spread by two thirds. Its the first time a vaccine has been shown to reduce transmission. It comes as a new study shows that 88 of people who tested positive for the virus retained antibodies for the full six months of the trial. Awarning, a warning, this report contains some flashing images. Its been the Great Unknown would vaccines stop coronavirus
Post brexit trade arrangements. If youd like to get in touch this morning, you can tweet me vicderbyshire or email victoria bbc. Co. Uk. A team from the World Health Organization visits the high security chinese lab at the centre of claims over the source of the covid 19 pandemic. And the queen and british Prime Minister have led tributes to captain sir tom moore, whos died at 100 years old, after Testing Positive for Coronavirus Last week. The uk government says it will ensure hes officially remembered. I think we should find a way to make sure that we mark the memory of captain tom and thank him for the contribution that he made for the nhs. So i will ensure that we mark his contribution properly and appropriately at the right moment. Hello and welcome if youre watching in the uk or around the world. The Health Secretary, matt hancock, has described as absolutely superb the findings of a study which suggests for the first time that the Oxford Astrazeneca vaccine significantly reduces