We were hearing that we could see some candlelight vigils later on tonight, people going online virtually. It comes amid hsbc defying the u. K. And backing this National Security law. And the corporate impact of all this as well. Lets check on the markets, they seem unphased by what were going through here geopolitically and what were seeing in the u. S. The protests have calmed down a bit in the last two days or so. Markets off the highs but were trudging higher today. Mobile stocks on track for a ninth day of gains. Jakarta coming online and continuing to trend up, 1. 3 . U. S. Future seeing a little bit of pressure. The airlines, the nifty with modest gains at the start. Haven,rally and bonds a selling all. You did see yields picking up here. The aussie, back to 1 once again. The chinese 10 year yield, now or near february highs. The second worst performer after bulgarian debt, on disappointment that beijing may refrain from stimulus. About somebts opecplus deals. Watching the curre
Today, francine. After the three day weekend here in the united states, what i really suggest is the testing of how we get back to normal. The markets decided with futures higher. Francine we will have plenty more on the market shortly, but now lets get straight to bloomberg first word news from new york city. Ritika good morning, in france hasn hong kong, carrie lam defended the sweeping new security laws. She says it is untrue that the legislation would ban street protests. She promised Hong Kong Freedom would be preserved. Prodemocracy groups are planning another major rally tomorrow. President trump is vowing to move the Republican Convention out of North Carolina unless crowds are allowed. Statesa shot at the democratic governor, roy cooper. The president says he wants to be assured that republicans can gather in charlotte in august, whether there are coronavirus outbreaks or not. British Prime Minister Boris Johnson is facing another day of pressure to discipline his top adviser.
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
Im hopeful we will very much try to learn as much as possible from that facility and from all the other ones. We have a lot to learn here. We will certainly be trying to do that. In terms of fiscal concerns, for many years, i have been before the fed, i have long time been an advocate for the need for the United States to return to a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time which just means the debt is growing faster than the economy. This is not the time to act liz well, you know what, it was going along really, really well and it was making history. That was of course chairman Jerome Powell of the Federal Reserve. This is the very first time we have ever had i guess its considered a zoom Federal Reserve meeting and reporters, of course, were standing by. You saw the chiclet screen there. Here we are. We got it back. Lets dip right back in. But to let that get in the way of us winning this battle really. Edward lawr
You have to match it with the economic reality. So we talk about testing people that could be immune, testing people who have recovered to try to figure out what the next phase economically could be. Tom the next phase, you see it in the markets today, francine. We have some important interviews on surveillance today to keep you updated on the virology. As london joins the lockdown, lockdowns appear at the margin to be working. There are terrific charts out there. What is important this tuesday is we are beginning to get a math, a Cardinal Rule in statistics that you need 30 data points, 30 data points, 30 days of information, if you will, to really get a sense of what a trend is. We are right at the cusp right now on the virus. You can see the trend of italy, terrible, but may be Getting Better. Of new york and the united states, really problematic. What i was i am italian, and i have been trying to figure out for a long time what people have been saying about flattening the curve, an