Package. El wanted 500 billion, but the hardliners were said to be pushing for as little as 350 billion. Grants ase amount in opposed to loans that countries like italy, that stricken, would have to pay back. Bloomberg eulling hardliners are ready to accept 390 Million Euros in grants so a deal can be done. A mixed picture for stocks amid a spread in coronavirus cases. Infections hit a daily record as a u. S. Congresswoman calls floridas outbreak out of control. Underways in getting in europe. We will see how the pandemic impacted phillips when we get their earnings and we had to zurich as there is a big week for the banks. Let me just tell you quickly that we have phillips earnings, Second Quarter revenue four point 4 billion euros across the bloomberg, the estimate was for four point 31 so revenue beating the estimate as far as earnings are concerned for philips. The earnings before taxes, philips in the Second Quarter, 418 Million Euros and we were looking for, according to a survey
Flares up again this time over hacking accusations of market correspondent will fill us in. And shop til you drop well that was difficult securing lockdowns now retailers can sell again but those based inside shopping malls have a hard time getting back to normal. I want to come to the business after this his visit to london today the u. S. Secretary of state my compare today arrives in denmark on the agenda is likely to be the topic of whether greenland is for sale a year ago the United States and now they were interested in buying the territory rich in Raw Materials but denmark rejected the proposal another point of contention could be the north stream 2 baltic sea pipeline which runs through danish waters. And sanctions towards Companies Involved in the project the us is wary of russias growing influence in europe. For more im joined by claudia conferred the face of Energy Economics and sustainability of the German Institute for Economic Research good to have you with us please expl
Donald trump orders in and to hong kongs special status well signing legislation to sanction chinese officials. Beijing vows to take strong countermeasures. Earnings season continues. In the united states, Goldman Sachs reports after jp morgan, citigroup, and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Welcome to the program. Just under an hour away from the start of the cash equity trading day, lets have a look at futures. We do have a lot to talk about when it comes to the Banking Sector and the bad debt story in the u. S. All of that was quite dominant in yesterdays session, but we do have some catch up to play in the europe in europe. Plus, we work in the latest trial data from moderna over in the u. S. That particular vaccine getting some headlines. As a result of that, we see that lifting stocks in asia and futures in europe and the united states. Lets get to some breaking news. Some numbers coming through from burberry. Lets get to those in the f
Youre right that is absolutely the case she was long known as madam nor in france because of course the french put a similar proposal on the table years ago asking for the e. U. To issue joined bonds so that money can be generated that can be given to Member States and always refused that debt ceiling she said it needed to stay in the fiscal discipline field and she was very rigorous when it came to that topic then she is somebody who is known to act when disaster is looming and she clearly understands that this is an existential crisis and if revolutionary and drastic measures taken this could go to the core the very core of the European Union she does understand that which is why in mid may she and the french president came forward and put this in agreement on the table where they said 500000000000 euros should be issued by the European Commission as joint bonds on the market and that that money could then be given as grounds to the countries that are hardest hit like italy and spain
European council. The coronavirus recovery package and of bigger budgets to get the e. U. Through what she calls the biggest crisis in its history. Come to the Program German prosecutors say the killing of a georgian man in berlin last year was ordered by the russian states the German Government says its taking the prosecutor statement seriously and that it may take further steps against moscow over the matter including imposing sanctions the victim was a jaw georgian citizen of chechen ethnicity who fought against Russian Troops in chechnya he was shot dead in broad daylight in the german capital last august following the prosecutors statement the Russian Ambassador to germany was summoned to the Foreign Ministry here in berlin. So what effect will the matter of on relations between berlin and moscow did i. Put that question to constantine for nazis a member of the German Parliament for the opposition green party. Mr fernald attorney general has brought charges in the case of the murd