These are your top headlines from the bloomberg terminal. , nancyg the deadline pelosi sets a tuesday time limit for more progress on u. S. Fiscal stimulus if the president wants a deal before the election. Backing down, a bloomberg exclusive says the u. K. Good rewrite its lawbreaking brexit bill, a move that may revive talks with the eu. Sterling gains on that. Plus, restrictions tighten as virus cases surge around europe. Italy is the latest government to add lockdown measures, prioritizing its struggling economic situation. Under one hour away from the start of cash equity trade in europe. Lets take a look at the futures this morning. If you pull up the European Equity Index Futures you will see a pretty mixed trade. You have ftse futures trading a little lower, now bouncing off up about a quarter of 1 . Ftse futures are a little changed right now. Take a look at the u. S. Futures picture. You have more green arrows there. Dow jones and s p many contracts up 7 10 of 1 . Nasdaq 100
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
Quite a lot going on in the markets. Quite a lot going on in the u. S. President ial race, certainly in u. S. Politics with President Trump tweeting i think 25 times yesterday, not mentioning his wife or a lot of the white house staffers that have been infected with covid19 and saying that we should not be worried about it. Certainly, it will play out in the election. European stocks are struggling a bit for direction following yesterdays broad market advance. We are looking at dollar per much study. Other Asset Classes really little movement. Lets get straight to the bloomberg first word news. Heres leighann gerrans. The coronavirus can spread through the air to people who are more than six feet away from an infectious person. That is the latest guidance from the cdc. The agency says this message of transmission is uncommon method of transmission is uncommon and happens in places with poor ventilation. It raises new challenges for reopening businesses and schools. Coronavirus is sprea
I asked him how much he wanted. He said 250. I said fine. I didnt negotiate with him. David the famous fund manager, peter lynch, once said if you like a product, find out who the owner is because maybe the owner represents a good stock to buy. On that principle, when i heard my family kept going to a company in my neighborhood called fresh fields, an organic food chain, i began to say maybe theres an investment here, so i looked into it, and it turns out fresh fields was looking for some capital. My firm invested. We love the company. Then along came a Company Called whole foods, who said they wanted to buy it. I initially said i didnt want to sell, but when i met john mackey, i realized he had a gifted vision of where this business was going to go, so we did sell, and it turned out he was right. He built an incredible chain, and i still go to the store almost every day. What compelled you to start safer way and then whole foods . You were at university of texas. And did you drop out
Christine lagarde says the early resurgence of the coronavirus is a clear risk to the economic outlook. Germany and greece, along with the netherlands, hit daily records. Netflix shares fall in extended trade, missing the streets estimates for q3 subscribers. The groups forecast for the period also suggests the pandemic boom is waning. Have you been painting . Have you been doing household redecoration . If so, you possibly got an akzo nobel product. Lets look at the numbers. Operating numbers operating margin, 7. 7 . The market had penciled in 326 million. Think about the relief we have been given in the u. K. Housing market. The top line margin, annemarie, is a cracking number. The adjusted operating income is a pretty good number. Lets just see in terms of the outlook, because of course, we are going back into a tough winter, as we have seen with the lockdowns and close downs. Thisll keep an eye on statement. It is all about the outlook in terms of whether we endure. Are going to ha