Weve were been moving this process forward for the last month and a half now and so, definitely it wont were going to do our jobs and do everything we can to make it as smooth as possible, but from our perspective, past perspective, would it be further . Just to circle back one more time around, the works that theyve done about that work in the capacity to do this with us. My job is for the public and im here to support the superintendent and to guide the superintendent, but its to ensure that were focusing on the public and that theyre involved and we hear it all of the time, were not reaching out to them. If theyre developing a plan, and were the ones who execute it, why would we need them anyway . I want us to hole o hold on to. If were doing all of the work, that doesnt make sense to me. This is one were of the situations where, you know, this is something that i think that rachel has said before and it has come up before when we were asking the superintendent to do his job and hes
If retail buying cyclical, do you have to . And one of the potential movers u. S. , theket in the pharmaceutical analysts. A lot of pockets but we can start in the u. S. What is your biggest take away and how should the markets be taking it . I think the simple read of trying to analyze wave one, wave two, it really does not matter. At how thisto look rise in the number of cases, i think we talked about this last week, actually translates. Nobody wants to get infections running around still but we want to make sure that people, if they are getting hospitalized, that that is the hardest and best number to practice with. It is possible that because you are doing thousands more tests, you are obviously finding more infected people. Lets just keep an eye on the hospitalization rate. That is the one i am keen to look at. And it is not as well reported for some reason. So what is it telling us . I get what you are saying about the fact we are testing more and logically, therefore, the number
Over the weekend. We are inching closer to that alltime high when it comes to laterchina that was set september. Of focus. Was one those are the biggest movers here today and in particular, they may be looking at that emergency in tokyo and some of the surrounding areas as well as hokkaido. Those are holding amid some of and we are tensions watching currencies as well. We are obviously watching dollar china and dollaryen. You are seeing some of these china proxies following the ram be lower. Forward markete with plenty of action. Citigroup saying we are not bullish. Someg that there should be caution on these simmering tensions. Ringgit inthe particular are ones we should be focusing on. Be closed later on. End ofsed as we mark the the ramadan festival. Asiahief north correspondent is watching development for us. Where does hong kong stand . Questionsa lot more to the power play by beijing invoke its own security laws, basically being rubberstamped, to impose that on hong kong, bypassi
Top aide who broke the lockdown rules. Lcome to surveillance i am nejra cehic in london. We get a sense of the u. S. China protests in hong kong. Equities, of course the u. K. Is closed for a bank holiday today. U. S. Cash stock and bond market closed as well. A positive sentiment coming through in u. S. Futures. Third day of dollar strength. That speaks a little more to a slight risk off tone. In terms of oil, it is being anchored around 33 dollars a barrel but in the green today. Confidencebusiness index is 79. 5. The estimate was 78. 5, so that coming in a little better than expected. In just a minute, we will speak with the Ifo Institute president clemens fuest. First, lets get to bloomberg first word news. Thank you, nejra. Were hit with tear gas in the city. New National Security legislation, being described as the vegas for hong kong since china took control in 1997. Here in the u. K. , Prime Minister Boris Johnsons most senior aides are facing growing calls, breaking lockdown r
Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade also lets look at whats been happening i thought theme parks disney and comcast which is over 2 pretty big gain. Who knows whether it is displaced but it was on hopes of normalcy i dont think it is only moderna we are talking about there is four or five real pharmaceutical Companies Working on it. So just the potential you get and other data point where they say someone else has the success to we dont know what technique i dont know if it is mrna pfizer is working on the mrna technique as well. I