Their resignations after 4 of their colleagues are disqualified. Also, now we are steps for reach these elections. A breakthrough in libya. The u. N. Says the warring sides have agreed to hold elections within 18 months. Welcome to the program. Europe has been called a cautionary tale of the dangers of easing coronavirus restrictions. The World Health Organization issued a warning as the continent is witnessing an aggressive surge and infections more than 50000. People have now died from cope with 19 in the u. K. And in italy. Once the epicenter of europes outbreak, 623. 00 people died in the past 24 hours. Andrew symonds reports for the u. K. Its another landmark in the spread of covert, and its causing a lot more than 50000. 00. People who tested positive have died. Britains total of dead is now the highest in europe. Nearly 600. 00 deaths on wednesday overtakes figures since may in the 1st wave. Every death is a tragedy. I mean we mourn everybody whos gone and, and often either with
Good morning and welcome to bloomberg surveillance, im Francine Lacqua. The focus firmly on earnings. Impetuso give a bit of to industry groups. European stocks rising. We had pretty good earnings for american tech giants. Speaking of Economic Data and some of the bad data we had out thee, we are also getting italian gdp figure. 15 and itmate was fell less than perspective. Somee also getting breaking news out of the bank of japan. Lets get straight to the bloomberg first word news. The spanish and french economies have suffered their sharpest contractions. Output dropping 13. 8 in the quarter. The eurothe whole of area comes out at 10 00 a. M. And is expected to show a 12 slump. Talks in washington over a new pandemic relief package making little progress. Senate republicans are planning to vote. It must be part of a comprehensive plan. It gives republicans a chance to say they tried. The u. K. Has reimposed lockdown restrictions across parts of the north of england. Some britons have
Be risk on. The cash trade, less than an hour away. Here are your headlines. Big attack its even bigger. Alphabetacebook, and tune to techsumers to solve the problems of a global lockdown. The French Economy shrinks 13. 8 or after an increase in jobless claims shows the recovery is in shaky ground. Ibar, bnp arab are par beats all but one of the big wall street banks. Just an hour from cash trading. Lets look at futures. Futures futures, u. K. Are down but only slight moves. Nothing material. Nothing to show us what kind of direction we can expect. Futures right ww, if you take a look at the eif screen, also slightly mixed this morning. Of working slew earnings news. I will kick it off right now with natwest. Impairment charge of 3. 54. 5 billion pounds. Expecting less than one billion. In the Second Quarter, more than doubled the impairment charge for the full year. The company expecting at least possibly up to 4. 5 billion. The operating lost was 770 million pounds. Have iag asyou we
The best day in two months. This may suggest that despite the fact we have a huge gains to the mega cap stocks, there is uncertainty from whether there will be fiscal stimulus from d. C. , other earnings report, big oil doing poorly. Not a lot of cyclical bullishness at this moment. There are concerns showing through that haven yen getting such a big bid on the day against big tex strength. Taylor when you talk about that big tex strength it is the big tech strength is exacerbating the trend hows that faring as the winners continue it to extend the gains . Abigail it shows on a yeartodate basis. Apple is up yeartodate as a sign of the winners. Chevron, which also reported today, down more than 30 . If we were to take a look at this relative to the s p 500, we will see on the year apple and amazon up in a huge way. On the other hand, the s p 500 flat. The s p 500 equal weighted index is down almost 9 . This is the tale of two stories relative to stocks around 2020. The pandemic haves, t
For a blockade on exports imposed by the war people have to. Well theres been another record daily rise in the number of coronavirus cases around the world 230000 people have tested positive just in the last 24 hours and india has reported a surge in cases for the 6th consecutive day it had nearly 29000 infections over the past day and local officials in indian administered kashmir are expected to impose a lockdown after a surge in cases there several Indian States have imposed weekend caf use and shop to areas considered to be high risk. Well 3 generations of bollywoods prominent family have tested positive for the virus that includes former miss weld. And her 8 year old daughter it was announced a day off to have father in law indian actor chan and her husband were admitted to hospital when our correspondent elizabeth parana is in new delhi for us seeing kashmir here bracing for even tighter restrictions is there a sense that its being singled out. This certainly is there are a lot o