Welcome to the program the coronavirus keeps pummeling europe. Italy and spain have tightened restrictions as new infections are surging across europe italian Prime Minister tzipi conte on sunday ordering all bars and restaurants to close by 6 pm for at least a month the government in spain has meanwhile imposed a curfew on bars and restaurants from 11 pm to 6 and lasting until may last weeks they became the 1st western european nation to surpass 1000000 confirmed cases. Lets get more now from our financial correspondent conrad boos in frankfurt conrad bad news coming out of italy bad news coming out of spain we have the german chancellor just yesterday giving her very grim outlook speaking of a very difficult winter ahead what a market is making of all of this. Well chris more and more economists on the markets are giving out all pissant mystic outlooks for example the chief economist of the o. E. C. D. The organization for Economic Cooperation and development says that this years slu
Im told me a lot of book welcome to the program we begin in the United States where with less than 2 weeks to go until election day President Donald Trump and his democratic rival joe biden are set to face off in their 2nd and final president ial debate biden have both arrived in nashville tennessee where the stage is set for their spying much now one new rule of engagement for this evening microphones will be muted when a candidate is not supposed to speak thats after a chaotic 1st debate last month. Now both men will face questions on 6 topics these are fighting covert 19 American Families race in america Climate Change National Security and leadership with election day now only 12 days away this debate could be crucial in swaying any remaining undecided voters. Correspondent sumi so misconduct joins us from washington now for more suny the topics for the debate set microphones would be new to well can we expect well tommy i can tell you that anticipation here is very high i mean thi
Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
With significant damage and devastating consequences across the entire state. I want to be upfront in saying that we expect to see a great deal of loss both in structures and in human lives this could be the greatest loss of human lives and property due to wildfire in our States History Jennifer Bjork and reports from Southern California. So many things have changed over the last few years and the fire weather has definitely gotten more intense as as the drought has created ideal conditions and you know were seeing with that with the hurricanes that have been developing and the wind situations here there are many scientists who are pointing to Climate Change as some of the factors that look to make the fire conditions very very ideal there is also a Human Element here in Southern California human spark fires have been a big problem in the southern part of the state in Northern California lightning strikes did the most damage up there in the last month or so with those complex fires tha
Well. Down as we have seen some more dollar weakness. We are kind of teetering. The market is kind of nervous about whether we are seen stretched positions in the dollar. And we are now, as you can see, still negative when it comes to the jones, but the data generally generally positive today out of germany. Lets talk more about what is happening in the industrial heartland of europe. Lets get more insight on what is happening with that german data. On efo president earlier about things improving. Lets listen. The recovery is on track. With the gdp progress slightly better than what we had a couple weeks ago and the revision and the Climate Index continues to increase, to recover, this time it is not just the expectation. It is really the situation that is improving. Guy a little bit earlier on, i mentioned the mixed news we are getting out of the li sector. We have now out of the airline sector. Airlines in america cutting jobs if federal aid lapses. October 1, we could potentially se