Ill kiss at the guys and the beautiful women and everyone. Trump there. Sident welcome to bloomberg, a servant welcome to bloomberg surveillance, im Francine Lacqua. Earnings in the u. S. And that could move some banking stocks. Overall, stop think stocks are dropping. Bank stocks are dropping. Period forbusy corporate earnings. After fluctuating something with workers in the u. S. Gulf heading back following hurricane deltas landfall. A major step towards reopening. News. Get the first word here with me is leighann gerrans. Has announcedon bars and clubs will closed in the worst hit parts of england. His Health Advisorys it wont be enough. He says local authorities will need to take more action to take the virus under control in some areas significantly more. Crossing to the u. S. , the confirmation hearing of Amy Coney Barrett descended into a partisan clash over obamacare, the pandemic and President Donald Trump. She cast herself as someone who puts personal preference aside, pointi
S p up 42 at 4 00 oclock on wall street. Getting tough on china, acceptable or the tom cotton is here, introducing a bill to revoke chinas nation status and whether tiktok and oracle will keep your data safe. Ken cuccinelli on actions to block chinese products made with forced labor. Wild fires raging on the west coast as the gulf coast is feeling the power of Hurricane Sally, we have the latest on the deadly threats. One soda company has a new drink that could help you sleep. Mornings with maria is live right now. Maria lets check european markets, rising from may to july, cac quarante is up 20 and dax index in germany higher by almost 40 points right now. In asia markets mostly higher signs of make recovery in china. Up half of 1 in the month of august. Months are released by the communist party as we always like to remind people, shanghai up half percent. Some of the top stories that we are watching this morning. President trump headed to philadelphia this morning after pushing the
Milestone in the struggle to recover from a pandemic economy expanded by 3. 2 percent year on year than experts predicted it raises hopes of a rapid recovery elsewhere in the world while factories are ramping up again one sector is still struggling retail sales in china have continued to shrink. Correspondent in taipei so if Government Spending drove the recovery youre right actually the rising. Was helped by very strong and thus trio production and its very much a story of government led to assume a lez recovery so if we look at this Recovery Plan we know a chinese date has increased the amount of money bed local governments can borrow on their Infrastructure Projects so a rise and construction help chinese economy but if we look at other sectors for example in investment and consumption they asked you a week. When European Central Bank Officials meet in frankfurt today president cristina got to face questions on whether she has done enough to return europes economy to health one area
Here are your top headlines. Blame game. President trump raised the prospect that china deliberately caused the coronavirus outbreak. This as the u. S. Pauses some tariffs for 90 days but not those on chinese steel or aluminum. Crude collapse. Wti sags to its lowest level in the 21stcentury on concerns that Storage Space is running low. The demand outlook remains gloomy. Signs of easing. Germany begins to reopen its economy as spain, france, and the u. K. Report the fewest coronavirus fatalities in weeks. Just under one hour away from the start of cash trading. Lets take a look at where futures are headed in europe. Futures are higher, whereas u. S. Futures are down. You can see the ftse 100 futures up more than 1 , as are the dax futures. S p, dow jones, and nasdaq futures, red arrows. Further away from the start of trade on wall street. It looks like we will kick off the week in europe higher. That divide between europe and u. S. Futures is interesting. We will watch that as we go th
President trump warns of hard times ahead, as u. S. Health ,000cials estimate 240 americans could die. Global stocks fall. The worst is yet to come. Warns that investors asset prices have further to fall. Jeff good luck says expect the panic of march. A debt binge. Companies raise a record 752 billion last quarter. They look to build up cash buffers. The Carnival Cruise airbus cash in on credit rebounds. Lets take a look, first off, at futures, down across the board, as i said, after big losses in asia overnight. U. S. Stocks also closed lower at the end of the day. Europe was up. We have catchup to do in terms 3. 5 e drop, now down about on european futures. U. S. Equity indexes also trading lower, but not as severely. What do you see on the gmm . Anna yes, so we see a negative session for the asian markets. Asian equity markets under pressure, the japanese nikkei down, south korean market, hong kong all looking weaker. Bears back in control at the start of the Second Quarter. It is a