Germany is set to rein in public and private parties. Its inflation rate falls further below zero. The ecb may need to do more. Christine lagarde speaks in 90 minutes time. Disney cuts deep. They will lay off 28,000 workers at its resort business, leaving one of the deepest economic scars of the covid era. Welcome to the program. Just gone 7 00 in london. Waiting for data to come out from the u. K. Economy and some news expected from shell. Lets get to the u. K. Data first. This is the final reading on u. K. Gdp, coming in not far away from where we anticipated it to be. Estimate was 21. 7. 19. 8 percent for the quarter on quarter numbers. These are all negative. A retreat of 19. 8 in the second corner. The estimate was 20. 4 . Thats just a small detail. We are dealing with incredibly large negative numbers. They are very backward looking. The real question will be, how does that data perform . How has the economy performed since the Second Quarter . How will liberal perform as we head
65. 00 was the expected number. Remember that we have seen something of a bounceback, but not a complete bounceback in this data. In terms of how we think about this, are there more jobs becoming available . What type of jobs are becoming available for the mid people being laid off right now . How easy is it to recycle this labor market . Alix not to mention, how easy is it to quit your job and get a new one . At story, President Trump the white house after three days of covid19 treatment at walter reed hospital. In a video, he sought to play down the virus that has killed more than 200 and thousand americans. Pres. Trump dont let it dominate 210,000 americans. Pres. Trump dont let it dominate. Dont let it take over your lives. We are the greatest country in the world. We are going to be back out front. Alix despite the president s triumphant rhetoric, his doctor did warn he is not entirely out of the woods. Joining us is Bloomberg Health reporter Michelle Cortez. Onwing what the presi
Predictability. Strong winds blanket the bay haze fromdark, thick wildfires throughout the state, rolling blackouts as firefighters prevent more fires from breaking out amid extreme weather conditions. Joining us now in new york city, bloombergs abigail doolittle. I hope you have clearer skies than we do today. I want to talk about the tech rebound, the biggest rebound after the worst stretch since march. Saying you nailed it the only certainty is volatility. That is going to continue, it seems the worst stretch since march, and then today, the best day for the nasdaq 100 going back to april 29. The big question is whether it will last. Will investors continue buying the dip, knowing what they know about options volatility going into august . You jump in that huge down. Apple and tesla, certainly a good day for each. Apple, down 4 , excuse me up 4 today after dropping more than 10 over a few days. Nothing changed in that story. That tells you the degree of hesitancy, uncertainty on the
Hear from mike roman later on today, july has been very good i think you will continue to get a positive from housing, this horton number is the number people should be focusing on because it was stellar you will get a lot of people talking about how there is a lot of good news in anything involving personal fun, polaris, but just were just in such dim tidings when it comes to aero space thats what im focused on greg hayes, 2023, oh, my. You were just talking about that and then iata, the International Air transport association is saying 2024 for precovid traffic levels they also point out that airlines are adding capacity, jim, ahead of demand which is coming back slower than they thought. Personal travel, people want toful tra, we know that. Great Conference Call by American Express on friday about what people want to do, but the Business Travelers is where they make all the money and the Business Traveler is zooming they just arent going i dont know what its going to take to bring t
The Company Denies reports russia paid the fwran to kill u. S. Troops. Mississippi moves to take down its state nag, erasing the confederate emblam. The dalai lama, wise words for us all. And later. A krp survivor. Thats not the only thing that has this father and son flying high. Throughout the south and west. Californias gopper ordered auld bars in l. A. And several other counties to close immediately. More than 125,000 people have died across the country as cases are up. This, as the latest cbs news poll found americans split on whether their state reopened quickly. Tonight texas, florida and arizona are fastly rising as the epicenter. Janet shamably an is in houston. Reporter they will not move to the next phase of reopening. In Testing Centers in hard hit areas are overwhelmed. Emergency services in houston are taxed to the limit. Mike pens speaking at a dallas chump today amid saurge of cases in texas. Masks encouraged but not required. We encourage everyone to wear a mask. Five