U. S. Treasury secretary Steven Mnuchin said additional fiscal stimulus is needed urgently. The dollar steady after Strong Manufacturing data. Above 1. 20 for the first time in over two years. It does not last long. Does mattere level for monetary policy. It is 6 00 a. M. In london, 7 00 a. M. In frankfurt where they are watching the eurodollar trade. Good to see you. So, volatility. Is the equity market to greedy and the rates market under assuming vol in the u. S. President ial election . Good morning. Annmarie that is certainly what the Options Market is signaling, that this is the biggest event risk to date on record and that is of course the u. S. Election. It signals investors basically maybe being in wait and see mode until november. They want a bullish spread and a bearish spread. Have two exclusive massive interviews coming up this hour im really looking over to. Manus there are a couple of things. We have had a huge month of property deals go through. These are the two leader
Surveillance. Im Francine Lacqua in london. This is what your markets are looking at. Markets looking at the Credit Suisse spying probe escalated by the regulator, partially looking at that news. European stocks opened pretty strongly higher. The euro falling, futures advancing. We are getting data on jobs and the economy. If you look at the adp employment report, it may signal that the pace of employment in the private sector may be bouncing back. Coming up, despite a bumper month for many stock markets, 50 of new money has flowed into fixed income. You can hear more about that on our new weekly show etf iq europe, that starts in about 30 minutes from now. Thes get straight to bloomberg first word news with leighann gerrans. The u. S. Economy needs new theulus to rebound from Coronavirus Crisis according to treasury secretary steven mnuchin. He started a conversation with House Speaker nancy pelosi amid negotiations on a relief plan, but he stopped short of offering a fresh proposal t
The single currency crosses the key level for the first time in two years. Philip lane says it matters for monetary policy. Andy Swift Financial regulators and the swiss financial of creditart suisse over spying on former employees. Let us get some breaking news for you. Front, u. K. Housing august house prices rising by 3. 7 year on year. This is according to nationwide. 2 on the increase of month. The month on month figure is 2 . The year on year figure is 3. 7 . Very strong numbers follow other measures of stress. We have a right move for july. Know the reason behind all of this. There was pentup demand because of a lockdown. There was a tax incentive put in place. And perhaps a little bit of incentive to move to quiet, rural locations. All of that lifting housing demand. Solid numbers nationwide this morning. Lets get to the broader picture around markets, have a look at futures. For European Equity markets, fairly flat. If you excuse exclude the ftse. The futures picture giving us
Only. If you are an africanamerican in america and you are under 50, your number is 202 7488000. For the black viewers 50 and. Ver, 202 7488001 keep in mind, you can always and we at 202 7488003 are always reading on social facebooktwitter and on at facebook. Com cspan. Once again we are talking about yesterdays march on washington which have been here in the nations capital. Conversations and revolved around some of the same issues that they talked about 57 years ago. In fact, here is reverend al sharpton who was on the National Mall yesterday talking about why the march needed to happen again. We did not come to start trouble, we came to stop trouble. You act like it is no trouble to shoot us in the back. You act like it is no trouble to put a chokehold on us while we scream i cant breathe 11 times. You act like it is no trouble to hold a man down on the ground until you squeeze the life out of him. It is time for a new conversation. , why did they have the march at lincolns memorial
Many of you know doctor parry was the nineteenth secretary of defense in the clinton administration, a world renowned expert on us foreign policy, National Security, defense policy, arms control and long and distinguished history at stanford. A senior fellow at fsi and the Hoover Institution and codirector of National Security cooperation from 19881993 and bachelors and masters degrees in mathematics at stanford which is impressive to me because i didnt get through as a graduate student. Michael and barbara, Professor Emeritus at stanford, great to reconnect with you, and we also are thrilled to have doctor parrys coauthor here, tom z. Collina. He has 30 years of washington dc experience in nonproliferation issues and senior position at the arms Patrol Association and institute for science and interNational Security. And nuclear testing, with the new start treaty and a degree in International Relations from cornell but we wont hold that against you. I am pleased to introduce my colleag