Away. Knife edge. Brexit talks near a compromise on fishing, leaving the level Playing Field the biggest obstacle. Can the side to get a deal through today . Sanctions hit sentiment. Stocks and futures flip as the u. S. Is said to add more chinese officials to a blacklist and the rollout begins. Coronavirus vaccines start in the u. K. Tomorrow. The u. S. May follow suit by the end of the week if the fda gives emergency and approval emergency approval. I have been away for six weeks on paternity leave. It has been fantastic. Not much seems to have changed in terms of markets. We are still in crunch time. We are still looking at covid infections rising to alltime highs. We are still looking at u. S. Stocks rising as well. I guess the vaccines is the hopeful sign. Maybe this week, the good change we have all been waiting for in 2020. On return, everything has changed and yet nothing has changed. Certainly new information. That has been a real game changer. But we are still as you say at c
Loyal, so the opposition bloc in hong kong resigned altogether. Dani the present news from tom the present news from china, but it can wait until armistice day. The arc de triomphe in early 19thcentury century. Not known, the first internal flame was lit in the western centuriesenturies and in 1920. It starts an interestiay for remembrance worldwide. A course in france, there is always a tone here of the cost and the price of one were one. I would say that this dovetails with the Remembrance Day of an aging queen and the United Kingdom. In the United States overnight, francine, there will be no focus on armistice day. There is absolute chaos, no other way to put it, at the pentagon, with the resignation of the secretary of defense. It is a very different Remembrance Day this year. Also because the coronavirus is limiting public services, so a lot of people are respecting the twominute u. K. Ce, which falls in the usually an hour from now. There are so many things that people are thinki
Ministers brief reporters, and it is brutal on the negotiations. Tom brutal is the right word. There was one photo ice saw. E looking justutt exhausted. For those of you who have not followed the soap opera, it is still not over. This monday isn deceptive, extraordinary. Out of china, the virus particularly in america, and this european donnybrook it is amazing. And then the market reaction. Francine it is quite a lot for a mid july market. Now lets get straight to the bloomberg first word news. Here is ritika gupta. The their repeating European Union may be on the verge of a deal with denmark and Sweden Holding of the oceans. They appear to be ready to greet that 450 billion of the fund would be made available as grants with the rest of it coming as low interest or loans lowinterest loans. Brexit negotiations are in a tense standoff, dashing hopes of between the u. K. And the European Union, which failed to make progress last month. British negotiators say the e. U. s concessions are
The worst vics from the , to today. It is certainly better today. Francine here is ritika gupta with first word news. Ritika there has never been a month as bad as april for the british economy. Gdp fell more than 20 as the coronavirus lockdown took hold. On a threemonth basis, economic output shrank more than 10 . The imf says the Global Economy is recovering more slowly than expected from the coronavirus. The fund expects it will have lingering scars from the experience. The imf will release economic with injections june 24. It expects them to be worse than the last forecast in april. The imf says in general asian economies are further along in the recovery path. President trump is rejecting calls to overall Law Enforcement to cut funding. He says a Strong Economy will be the fix for racial injustice. The president is working on an executive order that he says asks police to meet the most current standards. There are few details on what that program will look like. North korea accuse
The dawning realization of what we are seeing across all of latin america, but, yes, it was a testimony of dr. Fauci. I would point out that an hour and a half before dr. Fauci spoke, there was very difficult inflation data, disinflation the, deflation data in United States of america, and that seemed to shift the mood. Francine and also it is , a pretty bigood plunge, and a lot of people say this is only a taste of things to come. Thats get to first word news in new york city with richie but the lets get to first word news in new york city with ritika gupta. Tolda the head of the cdc the committee that the u. S. Is not out of the woods yet on from. Anthony fauci warned that communities that ignore guidelines for reopening are in danger of new outbreaks. He said he has a confrontational relationship with president trump. We are waiting to see if Jerome Powell gives anything away about what he will do next. Time, he. M. New york may announce doing something about mass unemployment. He d