Companies we are falling following. The way stocks are positioned today, a lot of the focus is the positive news about the vaccine on the positive news by the vaccine and chart and trials resuming. Bonds in spain, portugal and france rising. Yields on german debt steady. Lets get to the first word news in london. The ball is in china posco or to seal a deal. Pot court chinas court to seal a deal. The block is stepping up its demand the china open up its economy even more. Astrazeneca is vaccine trialsnecas vaccine remain on hold in the u. S. As regulators examine a side effect suffered by patient. The interruption raises concerns about one of the fastest moving experimental shots being developed is seen as one of the likeliest to reach the market. President trump will preside over the signing of historic lomatic deals between speaking exclusively with qatars foreign minister ruled out their country following suit. Global news 24 hours a day on air and at bloomberg quicktake, powered by
You know what, it is a reprimand from the Federal Reserve system and the office of comptroller. That is what is speculated. Francine this is what is getting a lot of attention today. Later on bloomberg, we will hear from ray dalio, bridgewater founder and chief executive officer, at 2 30 p. M. In new york, 7 30 p. M. In london. Lets get to first word news with ritika gupta. Ritika the west coast wildfires have become a campaign issue. President trump and california state officials sparred over whether Climate Change is contributing to the blazes. The president insists that poor management is the culprit, joe biden called him a corporate arsonist. Mexico, the hurricane has now been downgraded to a category one mexico. Sally will make landfall tonight or early tomorrow, but where is difficult to say. Hurricane warnings extend from new orleans to the florida panhandle. There he kaine is feared to bring deadly storm surge and flooding. Boris johnsons lawbreaking brexit bill has cleared its
Tuscany. Off, somewhere outside toledo. So Francine Lacqua joins us. That is not toledo, spain. Outside toledo, ohio somewhere. I want to get to the data in a moment, with markets moving. Futures 21. I would say this has really this is really jump circuit by the french pmi numbers. Why was this a surprise . Francine i was reading the breakdown. The sharp slowdown is basically driven by services. It shows that the escape from recession wont be flailing like some economists thought. Guess it is partly seasonal i would also point to the fact that infections are rising quite significantly, especially in france, germany, and other countries. Leaders are saying they dont want to go back into lockdown, especially when you look at these pretty terrible numbers in terms of many factoring pmi, but also services pmi. It might also be difficult not to preimpose measures if the number of people getting infected does rise. So it will be a complicated quarter going into the winter months. Tom a massi
A lot of the focus is on the tension in hong kong and what that means for european stocks. You can see a shift to the downside. Pound is your time to figure out whether we will see a deal or not. The dup is pushing back on what was optimism in the markets. The u. S. 10 year yield is at 1. 72. To a chiefwe speak executive. They have a new way of looking at risk, dont miss that interview at 11 30. Lets get straight to first word news in new york city. Ohio, joe biden defended his son against Donald Trumps attacks and Elizabeth Warren faced criticism of her how she would pay for her vast government programs. But the Democratic Candidates reunited on one thing, the need for an impeachment inquiry into President Trump. President mounting on and kara ankara. They face sanctions and accusation of war crimes. Moscow says the operations are quote unacceptable. A former pentagon chief says that recent actions could lead to a return of the Islamic State in syria. Surprise injection caught traders
I am Francine Lacqua here. First to the markets because there is a lot going on. We are covering brexit. It is not only about brexit. There is a lot going on in the wider market. I am looking at oil. The implication of the Saudi Arabia Oil market, because the king will meet the minister for oil and petroleum. We will see what impact that has on their policy going forward. 6. 92 for oil. You can see the index unchanged. Chiefiller speaks to the executive at the herbert motor show. About brexiteaking with lord adonis soon. Said the Prime Minister plans to defy legislation requiring him to ask eu for brexit delay. That comes after the resignation why she couldnt stay on. I supported Boris Johnson and his approach and i was right to do that. The consequences now, one senior. Olleagues expelled this made my position untenable. Francine joining us now is andrew adonis. Roles in thes labor government. Lord adonis, thank you for coming on. We are back to two years ago where there is a multiple