Stocks . Tom i agree that it is secondary or tertiary but at the margin was the list in the markets today with presumed stimulus, government to the rescue and all of that. I wonder if it has a good feeling to it versus what we have seen over the last two weeks. Francine do the markets move on just a good feeling . Paul do you remember . Ts a good feeling to know im thinking 1970 one. Francine its a good morning when you sing to me on air. Lets get straight to the bloomberg first word news, heres riddick a group that gupta. gerard the first question had to do with the coronavirus after the squared off they squared off. Thetor harris you respect American People when you tell the truth and have the courage to be a leader and speak of the things that you may not want people to hear but they need to hear so they can protect themselves. Pence when i look at their planet talks about advancing testing, grading pbe, developing a vaccine, it looks like plagiarism. Which is something joe biden kn
Trading could be numbered. Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are telling the story of three things we are watching. First of all, Central Banks, second, politics, number three, rising some kind of program, so trying to temper that with relief to companies with furloughs. We did have senator kamala , and what that means is the widening polls for joe biden seem to have been taken in stride when it comes to the markets. I am looking at dollars weakening, travel Companies Leading gains in europe on the stoxx 600, and i am looking at a couple of other things, treasury yields steady and gold getting a little boost. Coming up, looking at the decision from chairman lorenzo bini smaghi, we talk brexit and Central Banks. Now, lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Record daily increases. National politicians are leading leaning on politi
Markets slump as warnings from the fed on the need for more stimulus ignites fresh jitters. Powell and mnuchin take the stage again today. Partial measures. France cracks down on gatherings and bars but will not impose a full lockdown to stem a surge in virus cases. Do it like the germans. Richie soon act will set out a new crisis plan to protect jobs today. One proposal is for a wage top up scheme for workers who return parttime. Otherwise known here as we are under no an hour away from the start of cash trading in europe. Big drops anticipated for european stocks. You can see ftse futures down 9 10 of 1 . Dax futures down 1 . Down even futures more. U. S. Futures dont look as bad. Remember, u. S. Stocks took a big hit yesterday. Europe escaped losses. Europe has catch up play on the way down. Set, at least in the s p and dow, to stabilize. Anna absolutely. Thats a crucial transatlantic difference in time. We ended in very different places yesterday. Lets have a look at the gmm. You c
Spread widened out. Thursday in terms of the eu, and theres going to be clashes about whether or not we see joint debt issuance. Vonnie we will speak to maria tadeo about that in just a few minutes. In the u. S. , we are seeing equities dragged lower by oil, down almost 40 at one point, and back there again now. We are trading at 10. 85 for a barrel of wti. It is really insane levels of trading. The contract expires tomorrow. Vix trading at about 40. One stock to point out, united airlines. Obviously, the airlines having a terrible time of it. It is talking about topol revenue in the First Quarter about total revenue in the First Quarter down 17 . It will get 5 billion through the payroll protection programs, but it is just one of the airlines having a hard time. Right now, homebuilders are the worst performers in the s p 500. Guy lets get back to that board we were showing you at the top of the program, the price of debbie ti crude of wti crude trading 10 a barrel. That is the lowest
By 2015 nuclear deal after the killing of its top general. President trump threatens disproportionate u. S. Retaliation should tehran take military action. Aboveextends its search 70 a barrel after the u. S. State Department Warns of missile attacks near military bases and Energy Facilities. Plus, riskoff rules as global stocks trade to the downside, gold searches to the highest level in more than six years. As i said, just under one hour away not from the start of cash equity trading in europe. Futureske a look at this morning after the first couple of days of the year traded in different directions. We are now headed firmly down in terms of sentiment. Clearly, over the weekend, after the attack that we reported on friday, you can see cac and dax. 75 . S down take a look at u. S. Futures. You also see losses there, about three or 4 10 of 1 . To a veryinting riskoff open. What do you see on the gmm . Anna the gmm giving us the same riskoff picture. As you point out, we see futures sugg