That. What is really important, moving from the United Kingdom to the United States, presumed to be august into september. I noticed the music use for bloomberg surveillance, you start talking, and the market flips from red to green. But the backdrop of this, and this goes to the stimulus impulse we are seeing right now, is gold doesnt go up. To 1814. S today up jonathan the reopening rotation has stalled. The steepness in the yield curve coming into june has faded. A little bit of nervousness starting to build in the last several weeks, the past month. Lisa we are seeing that in the mobility data, the soft data that people are increasingly looking at to gauge Economic Activity in the United States. This is leading to some skittishness around oil in particular. Coming up, i am very curious to see what we see in terms of crude Oil Inventories in the u. S. At 10 30. 1 00 p. M. , u. S. 10 year notes getting auctioned off, 29 billion. This follows a three year auction yesterday with a yiel
Conference. I still dont have a time on that. All of the other news flow, minneapolis, this whole twitter flap. To me, what is extraordinary is june beckons. Nothing is more front and center for me beside the june 5 jobs report. 41 million is where we are unemployed. To me, that is the dominant crosscurrents right now. Jonathan youve picked up on this again and again over the last couple of months. 20 could be the Unemployment Rate when we get the numbers next week. We talked about next steps on fiscal policy. Ive heard little this week on that topic. Tom Henrietta Treyz was brilliant on this in the last hour. When do they help the states . What is fascinating is the federal government doesnt help the states until there is a crisis, so theyve got to wait to see four or five states say we are in a crisis, we are running out of money, do something. And then i guess it all happens over a weekend. Jonathan i think most would say it is likely that is going to happen. Some would say it is in
Bailey and also to chairman powell. Yesterday, the continued inflationary trend and the outright deflationary trend in switzerland. The numbers in europe in inflation on price change are simply grim, and you are dead on about unemployment. Overnight, Goldman Sachs readjusted their Unemployment Rates, and they get Steve Englander of Standard Chartered bank, a stunning statistic, francine 25 Unemployment Rates modeled out now by Goldman Sachs. And of course we get claims at 8 30 this morning. Francine we will have plenty more on that throughout the day. Its good to first word news with richie good lets go to first word news with they take a to first lets go word news with ritika gupta. Ritika wanted to play all sides of the equation, reopening the country too soon could lead to coronavirus flareups. He warned about the impact on children in schools reopened. President trump called that comment unacceptable. Has seizedortedly the mobile phone of the intelligence committee, richard burr. A
Pandemic data. Primea recovering minister johnson. Give us an update of the tension of the Prime Minister and his government with the people of london. Francine a couple of things broadly. He is recovering but does seem to be in better form. There are conspiracy theories that he did not get the virus, that are not verified. , a lot ofr you see conspiracy theories have come to the forefront which gives you a sense of the mood of the and finally the u. K. Government say they trust one test two test antibodies. To test antibodies. At least 5 of the population would have gotten covid so far. Tom this is so important, and featuring an article of a little bit evening forward in the medicine and moving a little bit forward in the medicine and therapy of this pandemic. Ritika President Trump is publicly disagreeing with the Infectious Diseases chief, accusing him of wanting to play sides play all sides of the equation. He said that reopening the country too soon could lead to a coronavirus fla
Surveillance, im Francine Lacqua in london. She targeted bloomberg, but she said about this appointment . Have they been for it or have a lot of the focus who know the had punches for pete and for amy. They had questions . Axel first, you can see the markets will be no the banks. Surveillance. But the question is, bloomberg was surging and biden was a joining as now, Ebrahim Rahbari. Reaction of the stock has been on the markets will be in positive. Distressed candidate. I ways think it is very does this shift the narrative, important when there are some polling . The banks. Conventional wisdom tells you changes, the market has the debates do not tend to move stocks down some 0. 2 . First reaction which was in voters opinions, but this one general positive. Clients have questions around was very fractious, very we did have corporate warnings. The process but i have not passionate. Tom what is so important here, what does wiki yen indicate to received feedback that was we are looking at