California joins texas reaching one million infections. Picking a statement, President Trump bands investments and firms controlled by chinas military as u. S. Election Officials Say the vote was the most secure in american history. Welcome to the program, happy friday morning. Under one hour until the start of the cash equity trading session in europe. We have a mixed picture in futures. European futures looked negative. Yesterday u. S. And european stocks dropped around concern to the extent we may see new lockdown measures in the United States. We have a futures picture where europe is weaker, wanting to play catchup with latterday losses in the United States. U. S. Futures. 2 the upside. U. S. Futures point two the upside. Nasdaq futures are treated like havens during the coronavirus. Lets look where we are across the broader assets, weakness in china. President trump in the last few months of his presidency, focusing on the things he can still act on. China mobile and telecom fall
Half of next year. Time for todays global exchange. From dubai to frankfurt, to brussels to london, to Rio De Janeiro and princeton, new jersey, our bloomberg voices are on the ground with this mornings top stories. In turkey, the lira is gaining against the dollar following a 200 basis point cut. Joining me with more from dubai is paul wallace, bloomberg emerging markets reporter. Is this going to be enough president erdogan . Paul that is a key question. The lira has barely budged despite that 200 basis points cut being more than markets expected. Analysts were expect and about 150 basis points. The lira has had to endure a lot in the last six months. Erdogan has sacked his central bank governor. Since then, the new one has overseen a whopping 1200 basis points of rate cuts. Amazingly, despite all of that, the lira is actually up against the dollar since the end of june. We will have to see what erdogan thinks of this latest move to see whether he is satisfied that it is enough, or w
With our rulses to suspend trading because we wanted to make sure that nyse stocks wouldnt be negatively impacted. Trading on platforms other than the floor was uneffected and despite the halt nyse consolidated volume which captures trading across all platforms was heavier than normal due to the Global Market sell off. Speaking of stocks lets check on how todays session is shaping up. U. S. Equity futures looking for a bounce back after the big sell off yesterday. Dow futures implied with an open plus 150 points. Heres big stories were watching today at this hour. Well start with china. Beijing taking drastic steps to prop up its market there. Along todays move banning shareholders with large stakes in listed firms from selling. It closed up nearly 6 . Elsewhere, south korea rates overnight but did have the countrys Economic Growth forecast. And then of course have to keep updating you on the situation in greece. Meantime germanys Central Bank Warns that greek solvency should not be in
8 million merger as the controversial deal sees them extend control in the largest smartphone maker. Shares of google up 10 in after hours trade. Hello everyone. Seema and wilf are on vacation. A very exciting show for you. This is germanys parliament set to vote on the new bailout deal with greece. That will follow about three hours of debate getting underway now but its widely expected theyll sign off on the greek bailout measures and then we can start the talk on the bailout package. Now this comes as imf chief Christine Lagarde warned about the sustainability of french debt. She wanted to see a full program implemented that includes financial reform. However she reiterated that some level of debt restructuring would be necessary to ease the burden on greece. Lagarde added she expects greek banks to open as planned on monday. Cash withdrawal limits at 60 euros a day but greeces deputy finance minister says that will decrease as the week progresses. This is after mario draghi announc
Galaxy s6 but may not be able to keep up with demand. First Quarter Sales beat expectations driven by growth in latin america and its home markets. Nsh nsh. Hello its friday. Lots to talk about today. Good morning. How are you . Fantastic. Always good on a friday. I know. I know the feeling. Been a good week. Been a fantastic week for asian markets. I know. I cant believe all the new highs were hitting and whether or not its going to continue and our colleagues on squawk were talking about whether there was a bubble going on lead by some of the comments out of asia and the finance minister talking about that and whether you can contain a bubble in general. He said we welcome a small bubble. Have you ever heard an economy minister say that . I dont think that would happen here in europe. No but then you get into the definitions of what is a bubble right . And werent you mean an actual bubble or whether or not you mean that things are growing. Were looking at a market environment where w