Welcome to bloomberg surveillance. Happy monday. I am Francine Lacqua here in london. Toin, a very busy week, on the u. S. Election and about 16 days. Looking at futures, the hope is that we will get stimulus, and i am looking at treasuries. The pound already up after reports that officials were prepared to water down controversial brexit legislation and a move that could revive failing talks with the European Union. Also, the yuan seann gains. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Nancy pelosi says a preelection is possible, but she has set a tuesday deadline for making more headway with the white house. President trump is confident he can persuade the republicans to back a good deal, renewing his offer to go beyond the dollar amount that is now on the table. Now china has passed a new law to restrict sensitive exports to protect national security. It provides a framework for beijing to fight back
Investors are awaiting the latest gdp data from china. Growthrg economics sees above 5 . And then just send a rv and dens historic victory. She is considering a new coalition. We have s p and nasdaq futures. You can see the and the view shirts are actually about a third, and they were pretty flat on friday. The s p 500 at 3483. The nasdaq took a bit of a beating. Was not the usual biggest day ever. Keepler sentiment helped stocks from really falling. Lets move to the oil markets. What we have here is an advance on the on the week shrinking u. S. Crude stockpiles. At what isok ,appening in the week ahead what are they going to do about their plans to cut production, boost prices. This is the big question as the week begins. Haidi lets look at gdp. The kiwi stocks are at 7 10 of 1 . Warre looking at a tug of situation. The aussie dollar rebounding ardens historic victory. She has a mandate to govern alone, but apparently this will continue. There may be an upside of half a percent. Incre
Am Kathleen Hays in york, welcome to daybreak asia, related stories this hour, monthly suggests the recovery is continuing. The Bloomberg Economic saying recovery above three point five percent. Nancy pelosi says a deadline for stainless steel well President Trump calls for a big spending package. Central bankers worn support will be needed for some time to come and new zealand stocks rise in the kiwi strengthens after the historic victory. Labor has the seats to govern alone, but she is considering a new coalition. Haidi taking a look at markets in asia we are setting up on a pretty cautious note when it comes to trading in the trading week here in asia, however we are looking ahead to Third Quarter gdp out of china with investors and traders came to see what the expectations were for this study growth were to continue. We are expecting numbers of about 5. 5 when it comes to economic expansion. This is our way of seeing into the first couple of minutes here in sydney just about two pe
Their q1 a couple of political stories out there on the market and this is what we are looking at for european stocks. At the banks or some of the industries sustaining the surging afterwards shareholder raises its stake. The other thing im looking at sentiment bolstered by enemy. It expects business to improve as far as restaurants as bars and restaurants reopen after lockdown. According to the new york just, President Trump paid 750 in income tax in the 2016 and 2017. That is due to reporting losses of millions of dollars from his golf courses. According to his returns, he paid no income tax intent of the past 15 years. The paper says he has hundreds of millions of debt in the next few years. The president says the report is fake news. President trump has nominated judge Amy Coney Barrett to the Supreme Court. She will be his third appointment to the bench, cementing its shift to the right for a generation. She is known to be a devout catholic and has defined abortion is always immor
Thats a 13. 8 increase month on month. Pretty good, alix. Israel alix can it last . And coming up this hour well speak to valley grant, Senior Vice President and henry mcveigh, ahead of global maam row and Asset Allocation with his report on economy and investments. The main macronews that happened was beijing following through on the threat of retaliation, china ordering the u. S. To close the consulate in chengdu and comes after the foreed closer of a Chinese Mission in houston. Sharon chin the asian bureau chief, how big of a disruption is it between the two countries . Sharon i mean the whole dispute over the consulates, the u. S. Asking china to shut its houston consulate and china asking the u. S. To shut down its consulate in chengdu has en a severe reaction and the worst theyve taken in the last few years. Here it was immediate, people on the ground expressing support for the chinese government. There was a lot of security on the scene in front of the consulate in chengdu and a