Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through
Bloomberg surveillance. This is what the markets are focusing on. There is quite a lot of m a news. That is giving a lift to the market. What im looking at is a couple of technology stocks. Couple of other things such as crude oil edging higher, so does gold. Global shares off a back to back decline. To bloomberg first word news in london. Optimism over a coronavirus vaccine. Pfizeref executive of says its likely it will by the end of the year. They say theyre dependent on Regulatory Approval but says the firm has a good chance of knowing the efficacy by the end of october. Secretaryief cabinet won the race to replace shinzo abe. National in the group will use this majority to install him as Prime Minister in a vote on wednesday. The uks justice secretary has warned he may quit over the government plans on brexit. He says it hasnt reached that stage just yet. The controversial rule has this week. Boris johnson is facing a growing rebellion to override part of the divorce agreement alre
Across the atlantic. House Speaker Nancy Pelosi said there would be no chance of a trade agreement with the u. S. If Boris Johnsons action threatens hes in northern ireland. Meanwhile, Boris Johnson is defending his comments in which he intentionally downplays the severity of this coronavirus. President told author and Journalist Bob Woodward he likes playing down concerns to avoid panic. Democratic president ial nominee joe biden said trump failed to do his job and is responsible for tens of thousands of deaths for not getting adequate warning about the dangers of the virus. Now, one in five companies in coveringwith only just debt Interest Payments according to the conservative think tank onward. It is called for the chancellor to relax the rules on virus loans repayments, warning the economic recovery will be hampered by crippling levels of corporate debt. It says borrowing sense lockdown began, threatening to push more than 4 of companies, employing almost only 2 Million People int
Tom up mount marcy, down mount marcy, across saranac lake. Unbelievable. Jon ferro still on sabbatical. People say, why are you here . To be honest, its because i was moving. Theres a lot of that going on. While you were gone, we got some housing data. One of the things we got out there is a booming Housing Market with the haves. Lisa people who can buy houses will, although people who can be at work and avoid being tormented for being off for one week may do so. Maybe jon will prolong his vacation in order to not be lambasted for being on a sabbatical. What about you . Arent you going to do some portage . I heard you love that. Tom no, we are going to try to get the kids back to school and move forward. We welcome you back on bloomberg television, bloomberg radio. Everyone hearing about this challenge of virtual learning, back in the classroom. Simply getting people back to the office. The summary is it is not happening, is it . Lisa no. My youngest kid is beginning school today onlin
Bubble. The good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on data in the u. S. , stimulus in the u. S. , and for july manufacturing 51. 1, instead of the 50 that was expected. The other thing we are really ,atching out for is gold, 1897 within a whisper of 1900, which will be a big psychological impact. Now lets get to the bloomberg first word news in london with laura wright. Hi, laura. Hi francine. ,rising for the first time about of march to 1. 4 million, but dropping slightly. The data comes as hundreds of billions of federal aid is set to expire. The u. S. Economy could be at risk of a double recession. A Vaccination Program for the protect ait ceases to second wave of the coronavirus. Twice as manyple as last flu season. At shots available for the risk groups will be available to everyone over the age of 50. Disney is canceling the august release of malan and delaying avatar by more than a year. Date. Ime, no