What else is going on here . We also have lines coming through from carrie lam saying they will not be appointing judges to individual cases with regard to the National Security legislation. She had said earlier it would not be retrospective. Elsewhere, lets have a look at some of the other markets. The shanghai comp, for 10th of 1 . 4 10 of 1 . The kospi, much higher. We were up about 1. 67 before the headlines. The aussie market, erasing all of the gains and the red before came back. The singapore market does language seven tents below the gain line. A quick look at currencies. The dollar index was actually moving to the downside. The first time in six days. That has turned around now. The dollar index itself is marginally high. This is giving up some of its gains. Yen just below 107. Terling up approaching the 1. 25 level. The aussie has been appreciating. It is on the verge of testing the 70 u. S. Sent level. Confidence in the euro area improving marginally. Still down 14. 7. Bette
In africa sudan rejects ethiopias francis stop filling the reservoir with water and parts of a Chinese Rocket crashed to earth in the most significant uncontrolled descent a space debris in decades. We begin in the us where President Donald Trump has criticized his top Infectious Disease experts warning against reopening the economy too quickly it follows wednesdays testimony by the leading cove in 1000 Task Force Member dr anthony found that rushing to open up could have serious consequences including need less deaths the us is by far the worst hit country by the pandemic with more than 83000 deaths and more than 1300000 infections stomach as again states to lift coronavirus restrictions when it is. Just know when its obviously of a surprise but as its actually because you know. Its just to me its not an acceptable the. Lets bring in mike hanna in washington force President Trump mike saying that hes surprised by dr fox his remarks i guess the distance between the president and his to
A criminal investigation on the pandemic and all strictly a has sailed into the philippines. The war on drugs has failed a global busy team of experts calls time on policies it says are fueling organized crime. And its oil and state television has broadcast video of a man it says is a u. S. Mercenary involved in a plot to overthrow president Nicolas Maduro there has described the failed Beach Landing as a modern version of the botched u. S. Invasion of cuba 59 years ago this government denies any involvement for reports. 2 former u. S. Soldiers were part of what Venice Willis has was a plan to overthrow precedent. It was part of a group of around 60 people that say they were hoping to help venezuelans regain freedom but the plan did not work out 8 of them were killed and at least 13 others detained when they tried. We reached the venezuelan coast in a speedboat. On wednesday me call out my little gave a press conference where he showed the video of interrogation of one of the former u.
Some staged walkouts. Welcome to bloomberg surveillance. Im Francine Lacqua in london. A lot to talk about. The markets not focusing on what is going on in the United States too much. The focus seems to be still on reopening some of the economies. The focus is on some of the earnings as well. Stocks are rising in europe. U. S. Equity futures are racing a decline as investors weighing positive signs on stimulus and the Global Economy against social unrest in america. Oil is up. If you look at dollar and treasury, they are pretty much steady. We will have plenty for from the uprising in the United States. We will look ahead also to the election in november. Lets get to the bloomberg first word news. Heres leighann gerrans. Good morning, francine. And the u. K. , Prime Minister Boris Johnson plans to reset his governments agenda with a major speech. The chancellor is also drawing up new plans to bolster the economy amid forecasts of the worst recession in more than 100 years. This key spe
Anchor off the philippines but the proof is not being allowed off. Look at the challenge of palin false information about socalled cures for the corner virus in africa. Lissa their Economic Impact of chronic virus around the world is becoming more Clear International Monetary Fund has forecast the biggest global contraction since the Great Depression so lets take a look at some of the details the bank of england expects the u. K. s Economic Production to slump by 14 percent this year and unemployment to rise to 8 percent European Unions been warned to brace for its worst ever recession with the economy tipped to shrink by 7. 4 percent after years of growth in the u. S. 30000000 people are filed for unemployment in just 6 weeks according as think g. D. P. Could fall by 30 percent there are signs of recovery though in china exports rose for the 1st time this year by 3 and a half percent after many factories reopened 20 years in beijing with more on how chinas trade industry has moved on