Matt u. S. Authorities worn americans to prepare for a can potentially coronavirus outbreak to prepare for a potential coronavirus outbreak. Meanwhile, rio tintos windfall. They report their highest fouryear profit in eight years on a surge in iron ore prices, but the Company Warns of significant uncertainty if the coronavirus persons. And a South Carolina freeforall. Democratic president ial candidates turn on Bernie Sanders and his rivals came to stall the front runners momentum. Matt, let me pick up with whats going on with breaking news this morning. Weve got a number of corporates reporting. Lets get to the luxury sector with hermes. 10. 7 . S up by the estimate was an increase of 10. 7 . Thats a redhead line across the bloomberg this morning. Still talking about ambition, some commentary coming out of the luxury french business. The ceo is saying it is too soon to know when sales will rebound. There is a potential normalization from coronavirus in china. In china, there has been
Continent of europe, whether that is the arctic, the issues of Climate Change and trade, whether it is migration, whether that is the big relationships with russia, china, and of course the United States, and whether it is issues that confronted in many different and challenging ways of which our guests will be able to talk extremely eloquently, in this case around the horn of africa. Alex needs probably no introduction to any of you. He has been the European Union special representative for the horn of africa for years now. It is based now in nairobi and have been working on issues that concern all of us throughout his long career, perhaps especially now on the horn of africa. Im going to begin by asking him a few questions and then invite you to join in the conversation. This is on the record. We have cspan here. We are delighted to see you. We hope the people watching this will enjoy it as much as you will. It is a great delight to have you here alex. Im a huge fan of everything you
Between the eu and u. K. To avoid some really catastrophic stuff in financial markets, but that is pretty that is pretty limited. The government has certainly stepped up its efforts. That is true on the eu side as well. One of the things thats going to be interesting is if there were an election, there would be some control over how much the government would continue to do no deal planning during the Election Campaign. It is also true that some things could be prepared for and some things you simply cannot prepare for. One of the things people are most worried about is food. You have ministers saying there will be adequate food and enough food, but you also have the supermarkets saying that christmas is going to be a real problem. Joe obviously Boris Johnson in theory wants to call an election for a few weeks from now, but theresa may also called a snap election, thinking that she would dominate, then was done by the for showing of the conservative party. Labour nearly took over. I kno
Surveillance. I am Francine Lacqua. These are your markets. The one to watch out for is remember the is remember the. We are seeing stoxx 600 down to 6 . Eurodollar 11133. We are getting Euro Area Services for the month of july. That is pretty much what we are expecting. You can see that this move is also having an impact on s p futures, down from 1. 1 . A sick resources are the ones losing the most. Basic resources are the ones losing the most. , we will have plenty more from your markets. Lets get to the bloomberg first word news in new york city with viviana hurtado. Viviana china is asking its businesses to suspend imports of u. S. Agricultural products. Firm will wait to see how trade talks grass. This coming after trump escalated tensions last week. He proposed tariffs on another 300 billion of chinese goods. 30 are dead and many more wounded in the attacks that happened in ohio after two Mass Shootings in the u. S. This Weekend Hours apart. The shooter in up also had in el paso
Afternoon if you are watching from asia. These are your markets. We have quite a lot going through and extra data to check. You can see the stocks europe 600 down 2 because of the fair catch fresh tariff ramp imposed kind of came out of nowhere. People are wondering if it means we will not see a resolution. The one to watch, extending gains and treasuries heading higher. Crude at 54. 8. And if you break down some of the stocks and where we are seeing nervousness, you can see basic resources down 4 . And the u. S. 10 year yield at 1. 84. Coming up later on the program, we have a great exclusive for you. When youre on from taking the ,op job, we talk trade, china and luxury with chief executive. Dont miss that interview 30 minutes from them. From now. Now lets get first word news. The new Prime Minister has seen his parliamentary majority cut to just one after losing an wales. N and the liberal democrats won the special ballot. The tory mp for the area have been recalled after a convicti