French Economic Data. Francine if you look at the numbers, tom, it really missed estimates. It was interesting yesterday when Angela Merkel met with emmanuel macron, that they seemed to have a united front and said that they would do whatever they can to keep the economy open. It doesnt mean that they will not put in more measures, but if you look at the numbers of infected rising in germany and france, it is a lot of a problem with these leaders. Will they go back to a lockdown . They seem to suggest with more targeted measures, they do not want to go back to a lockdown, and it was interesting, they especially talked about borders, that if they can they do not want to close borders. Tom may be the border between florida and new york would be one of the selected borders of debate. On friday, an extraordinary friday. The first word news in new york city, here is ritika gupta. Ritika joe biden slams President Trump as a National Embarrassment and vowed to end what he calls the darkness.
I believe we are wrangling about waiting a week or two to do it. Dialogue, itest seems, in the United Kingdom. British way ofry approaching things, isnt it, tom, trying to do with all. Ventualities finally you come to a decision and you are concerned if it is the correct one. It is the correct one at this point in time. We are watching with great hasrest how the debate become so politicized. We are scratching our heads, trying to figure out whether it is the right thing to do, but it is not politicized the same way as in the states. You mentioned in the headlines, the president finally wearing a mask to walter reed. That is may be a big step in the right direction. One angles certainly there. Us with an will join update, leading the way, the effect on the economy and of course across the different markets. With news in new york city, here is ritika gupta. Ritika good morning. 15,300 newed record coronavirus cases in florida, the biggest oneday rise since the outbreak in the u. S. The n
Coronavirus. Obamaso sell barack we saw apple yesterday or the day before. We saw ashares selloff because vacated senate seat. It is difficult to do guidance. Fly up tol apply puma says the negative impact from coronavirus on sales will four paying customers on the be felt. Ship it uses to fly astronauts we dont have a number yet. Into space. It is a very fluid situation is it opens the way for private a lot of companies try to figure space tourism, but there is no out what it means for their price tag yet. Globalist when he four hours per supply chains and when it will quicktake. And in pick up again. We are watching individual stocks across the board. Stocks in europe being supported by the idea that the pboc and daylobal news 24 hours per officials in china will do more quicktake. On to spur the economy. 09. T crude at 58 francine russia temporarily we will speak with a deutsche banned the chinese from entry. Telekom chief executive. The who says beijings continuing efforts in hubei
Energy is interesting because energy looks to be fairly red. Tried to stay independent. All in all, that is a positive industrials also being bought this morning. Move but now he is doing another not a very clear message coming from the sectors. What do we see in the movers . Move because he holds himself out of the election and that is the best he could do with the moment. No doubt we will see some moves our colleagues based on that. And we are getting gdp running that powell will need a figures out. Horror show to cut again. Third quarter gdp in spain is it your expectation that we do not get a recession, there is expanding 0. 4 . That matches the estimate but so no longer any need for rate you know gdp in spain is up 2 cuts . Momenti would say at the from a year earlier. There is no recession, the ,umbers do not sure recession. 4 as a month over month european thing. The way the americans do it is but he makes clear in his speech yearoveryear numbers. If something happens, that is n
We heard from jay powell. We will hear from him again today. The eurodollar, 1. 1278. There is a lot going on, not only about trade. Official taxes that france will vote on. There is a mood on what happened to euro depending on what we get from the ecb minutes that will be released after midday. We will watch for that and any movement on currency. Coming up, we speak with the sao paulo governor, he is joao doria. Plus we will speak to sheriff brown about u. S. Politics. Lets get to the work first word news. Deutsche bank is now being probed u. S. Justice department as an expanded investigation. The u. S. Is reportedly taking a closer look at a former Goldman Sachs executive who later worked at the german bank. Authorities havent accused which a bank of wrongdoing. Another federal probe, the u. S. Investigating frances plan to tax tax giants. Socalled 301 investigation is the same tool donald trump used to impose tariffs on china. Korear japan nor south has much political incentive to c