Options. Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua here in london. Now, there is quite a lot going on in the markets, simply because the stimulus in the u. S. Is getting people quite excited. Part of it is what we are hearing from Central Banks around the world, the projections. This is what the markets are doing overall. Stocks are turning higher. Gold at the same time is ascent, and then we have the word on the latest american stimulus package. We need to mention pound, rising against the euro, after the bank of england said it did not plan to tighten policy until the inflation outlook is more clear. Now lets get to the bloomberg first word news. Here with me in london is laura white. Hi, laura. Laura as fast as they can, but that does not mean safety is being sacrificed. Dr. Anthony fauci he hopes the vaccine is at least 70 effective, but he says he would still feel good if it is at least 50 effective. Classical history of viruses, particula
Yearoveryear, and that is demonstrating that both on the revenue side and on the expense side, the impact of the restructuring is making itself felt. Iose would be the things would focus on. The overall performance, obviously, is weighed on by the cru and the losses in the cru, but even there, we are progressing basically in line with our plans both for deleveraging and cost reduction. We also had earnings news out from daimler as well as volkswagen, and youve got some earnings lines coming in from barclays. Anna absolutely. We continue with the banking theme. We have Net Operating Income coming in at 4. 70 one billion pounds, a touch below the 4. 60 one billion that had been penciled in by analysts. Theres been a lot changing, of course, since the month of march, especially the volatility, as we know. Interesting to look at what has happened in the Investment Banking part of the business as well. 3. 62 billion dollars, well ahead of the estimates for that particular part of the busine
We are down by about 5, 6, 7 . European stocks off by 5 , 6 . Dollaryen was treading trending towards 100. Moving to treasury has been tremendous. 45 basis points on the 10year, german bun yield german bunds yield down two basis points. Theseonly down 23 , but are historic moves in the markets. To get another read on how the s p might open up, we want to look at the five biggest stocks within the s p, and they are now down between 5 and 6 . We want to update you on the global exchange. We will bring you all of todays market moving news from all over the world from hong kong to london to rome. All bloomberg voices are on the ground with top stories. We will begin with market action, particularly in oil, brent crude plunging 31 , the biggest drop since the gulf war in 1991. Joining us now is Annmarie Hordern. Annmarie we are seeing a massive selloff, unprecedented in the oil market. We have between shots. At the same time we have demand destruction across asia, in europe and the united s
Acceleration in investment since june as industrial output eats estimates beats estimates. Could a firmer recovery be underway . Treyew brexit e. U. Chief pulls no punches on his First Washington trip, cautioning President Trump about protectionism and shortterm thinking. We spoke about him exclusively on resetting relations. The objective of the visit is to try to reset the relationship,t ry to understand each other in relation at the moment and find Common Ground with the United States. We started on a positive note. Matt barclays is cutting around 100 senior jobs across corporate and Investment Bank as the lender looks to rein in costs. Morgan stanley plans to 80 dozens of staff at its wealth business in asia. Lets look first at futures. Even after the new record we hit yesterday, were looking at gains in futures, and fairly substantial gains at that. Dax futures up 0. 5 . U. S. Futures, not the same size but the same direction, green a rrows on the nasdaq, s p and dow jones futures
Stocks drop and bonds advanced. Setting up the potential for further problems. I think there is a good chance that we will see some progress on trade discussions. I am encouraged. Anna a luxury takeover. After theack in talks annuities owner boosted its offer for the u. S. Jeweler. Good morning. Matt lets take a look at futures quickly. They are down acrosstheboard. More severely in europe. The s p, dow, and nasdaq futures are all down. Maybe there is a little bit more optimism. What you see . Anna maybe there is a little bit more optimism. This really does highlights the move to the downside we are seeing and stocks. These are session lows. It lifted the hong kong market. We saw the senate vote to approve that hong kong bill. Wait to see what President Trumps approach will be on that. Lets focus in on the markets. There he good to have you with us. I guess we have to ask ourselves how far stocks can fall if we dont get a phase one trade deal in 2019. There have been reports this morni