Bloomberg surveillance. Im Francine Lacqua in london. This is the market. The market focusing on the number of infections. The news that we had from a lot of the corporates. U. S. Equity futures, treasuries edging higher every is there have been more and more coronavirus cases in america and countries also means that markets are basically sapping some of the appetite for riskier assets read the dollar heading for a second day of gains. I want to show you wti falling below 30 get dollars a barrel while gold continues to push toward 1800 announced. Lets get straight to the bloomberg first word news with dani burger. Dani good morning. The pentagon has named 20 chinese firms it says are confirmed by the desk controlled by the chinese military. It opens the companies up to the potential of more u. S. Sanction and that includes huawei. This comes as relations between the chinese the two superpowers deteriorated. China is likely to be a Campaign Issue in the 2020 election. Canada is the firs
Home, stillg at sequestered within this pandemic. The new slow extraordinary. As you just heard from the president and from Vice President biden, clearly political. We will touch on that in a moment. Will joins levkovich us of citigroup on these extraordinary markets. We can talk about the politics of the moment, the relative calm of last night, but i think ive got to go to the clarion call in 15 minutes of the first of the may labor reports, the adp report. How do you link this wednesday report into what we are going to observe friday of an american jobs depression . Jonathan to keep it simple, the numbers will be ugly. They will be ugly this morning, ugly again friday morning. Quite clearly, this market is focusing on the aggregate numbers in the future, and hoping that the outlook its better as the year grows older. On the degree to which things improve, that is where i think we should have real debate. It is the social unrest that speaks to the disparity on a range of issues, not j
Euro bailout investors price in the prospect of negative interest rat rates after opening the door to the policy of course we are keeping it to where the access would be a very warm welcome to street signs. Weve got some fresh data coming through. This is flash pmis as a whoeld. The flash manufacturing pmi for may has come in at 39. 5 up from 33. 4 in april in terms of the composite number for the eurozone, that has come in at 30. 5 up from 30. 6 in april the services pmi which has been the hardest hit sector as a result of the lockdowns. That has come in at 28. 7 up from 12 in april, we already had france and germany come through and we have the overall eurozone number. One other thing, one of the key kpoen nants here, the new business pmi has come in at 28. 4 in april an uptick there. Contraction did ease in may but still very sharp we have the euro trading slightly weaker versus the dollar this morning. Lets bring in our first guest Chris Williamson geoff and steve also with us chri
December 10 meeting of 2019. Any additions or corrections . Ill move approval. President caen any Public Comment on the minutes of december 10 . All those in favor . Opposed . Motion carries. Next item, please. Item 4, general Public Comment, members of the public may address the commission on matters that are within the commissions jurisdiction and are not on todays agenda. President caen i have three speaker cards here. The first is dave warner. I dont think i can present this, but can i hand it out. You can put it on the overhead. Im dave warner. Im a palo alto resident. Im also a participant in the mayors water supply stakeholder group. Some of you know ive been speaking at your meetings for three years now, which is a terrific honor. The sfpuc is not sharing draws. Its more important than after as you face major decisions. Should we invest an additional 2 billion or more to develop Water Supplies and raise the rates accordingly to cover the costs . Should we implement rationing as
Acceleration in investment since june as industrial output eats estimates beats estimates. Could a firmer recovery be underway . Treyew brexit e. U. Chief pulls no punches on his First Washington trip, cautioning President Trump about protectionism and shortterm thinking. We spoke about him exclusively on resetting relations. The objective of the visit is to try to reset the relationship,t ry to understand each other in relation at the moment and find Common Ground with the United States. We started on a positive note. Matt barclays is cutting around 100 senior jobs across corporate and Investment Bank as the lender looks to rein in costs. Morgan stanley plans to 80 dozens of staff at its wealth business in asia. Lets look first at futures. Even after the new record we hit yesterday, were looking at gains in futures, and fairly substantial gains at that. Dax futures up 0. 5 . U. S. Futures, not the same size but the same direction, green a rrows on the nasdaq, s p and dow jones futures