Harris as joe bidens running mate, and Congress Inertia on coronavirus relief. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by fidelity wealth management. Financial Services Firm raymond james. Johnson johnson. The john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions and friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the centers for Disease Control and prevention is warning that the u. S. Coronavirus death toll could hit 200,000 by labor day. That as the u. S. Suffered its highest daily number of deaths since midmay more than 1,500. Coast to coast, states are recording bleak firsts. California became the first state to top 600,000 infections, while georgia had its deadliest day on record. We will hear
Harris as joe bidens running mate, and Congress Inertia on coronavirus relief. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by fidelity wealth management. Financial Services Firm raymond james. Johnson johnson. The john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions and friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the centers for Disease Control and prevention is warning that the u. S. Coronavirus death toll could hit 200,000 by labor day. That as the u. S. Suffered its highest daily number of deaths since midmay more than 1,500. Coast to coast, states are recording bleak firsts. California became the first state to top 600,000 infections, while georgia had its deadliest day on record. We will hear
Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. We discuss everything with monetary and fiscal policy. Look at. In london, we your markets. This is what they are telling us. We are getting data out of the euro area that manufacturing is a bit better than expected. 38 that was of forecast. Services pmi for the month of may for the euro area, a touch better than expected. Overall, i am looking at what the risk in china means for treasuries. They are advancing with the dollar. Lets get straight to the bloomberg first word news in new york city. Tensions are boiling over between britains chief negotiator, david frost, and his part, michel barnier. Key summit looks certain to expose key divisions between the two sides. The Spanish Parliament voted to extend its state of emergency by two weeks. Plan of a onemonth extension did not have the backing to pass the measure. Second mostes extensive outbreak, over 230,000 cases and 28,000 deaths. The Federal Reser
Long partly because professors talk to long anyway, but because the most fun of these events is to a degree of back and forth with questions and so forth. So if im too verbose, john stop it. I think the question of whether the American Century is over is one that has intrigued a lot of people both here and in china. And it is a conventional wisdom that china is going to surpass the United States and the American Century. In fact, if you look at the book by martin jock in british author, the title tells it all. Its when china ruled the world are my harvard colleague niall ferguson, the 21st century is the chinese century. And a little bit earlier this year, its about a year ago i should say the Financial Times had a headline which says that this was the year in which china had passed the United States. I thought these ideas were wrong, and part of that is whats in the book, to try to understand what the world will look like in 2041 which is 100 years after henry ruth made his famous pro
And europe is hurting especially spain. Lets start with the markets and the stocks set to open in the red as the dow and s p are on pace for their worst week in a month and a half following a slide in several emerging markets and the international currencies. Microsoft set to open in the green after reporting stronger than expected profits. And starbucks getting a jolt set to om higher after First Quarter earnings top estimates and starbucks raised its guidance for the rest of the year and well talk to the chairman and ceo shoulder shultz later on this hour. First up, though, futures are falling one day after the 176point drop in the dow and the s p on track for a second week in declines in the wake of the selloff in emerging market assets. Slower Growth Prospects in china and various local political issues among the key factors. Of particular note a big drop in currencies like the lira which hit a record low against the dollar this morning and the argentinean peso. It has authorized c