Germany is set to rein in public and private parties. Its inflation rate falls further below zero. The ecb may need to do more. Christine lagarde speaks in 90 minutes time. Disney cuts deep. They will lay off 28,000 workers at its resort business, leaving one of the deepest economic scars of the covid era. Welcome to the program. Just gone 7 00 in london. Waiting for data to come out from the u. K. Economy and some news expected from shell. Lets get to the u. K. Data first. This is the final reading on u. K. Gdp, coming in not far away from where we anticipated it to be. Estimate was 21. 7. 19. 8 percent for the quarter on quarter numbers. These are all negative. A retreat of 19. 8 in the second corner. The estimate was 20. 4 . Thats just a small detail. We are dealing with incredibly large negative numbers. They are very backward looking. The real question will be, how does that data perform . How has the economy performed since the Second Quarter . How will liberal perform as we head
Onnce places restrictions more cities. Pedro sanchez calling an extraordinary meeting. House signals it is open to a comprehensive plan shifting its stance as a result. Pushed higher. Gorman goes hunting. Morgan stanley steals a 7 billion deal for the purchase of eaton vance. From our interview with the ceo itself. Himself. Lets look at what futures are doing. Green arrows. See, they are incredibly slight. Not even 0. 1 . The percent missed price indicating a higher open then futures are showing you right now. U. S. Futurest the after stimulus talk. It will more directly affect the u. S. Economy. Nasdaq, dow jones and futures up 0. 4. Breaking news coming through. Lets get to that. First on the macro front. The u. K. Economy, clocking in some growth figures looking to be much worse than the market anticipated. The u. K. Economy grew at 2. 1 in the month of august. The estimate was 4. 6 . We were expecting that rate of growth compared to previous months to come down. A bounce in june, t
Quite a lot going on in the markets. Quite a lot going on in the u. S. President ial race, certainly in u. S. Politics with President Trump tweeting i think 25 times yesterday, not mentioning his wife or a lot of the white house staffers that have been infected with covid19 and saying that we should not be worried about it. Certainly, it will play out in the election. European stocks are struggling a bit for direction following yesterdays broad market advance. We are looking at dollar per much study. Other Asset Classes really little movement. Lets get straight to the bloomberg first word news. Heres leighann gerrans. The coronavirus can spread through the air to people who are more than six feet away from an infectious person. That is the latest guidance from the cdc. The agency says this message of transmission is uncommon method of transmission is uncommon and happens in places with poor ventilation. It raises new challenges for reopening businesses and schools. Coronavirus is sprea
Bloomberg surveillance. This is what the market is looking at if you look at equities. Is what the focus happened with china. Most european stocks are rising following the rally in asia. The offshore yuan falling after meantinese central bank to restrain the rally. Lets get straight to the bloomberg first word news. There is renewed sparring over stimulus in washington. President trump and House Speaker nancy pelosi hit at each other over the lack of progress on a new rescue package. Kudlow said he expects the two sides to continue negotiations with that a new deal isnt essential for the u. S. Recovery. President trump is no longer considered a coronavirus transmission risk. The white house physician says he has met criteria to end his isolation. He said the president s symptoms have improved but didnt say the president tested negative. The president has a rally planned in florida later tonight. The world bank is still in oil fields despite pledging to fight climate change. Thats binde
On englands toughest lockdown level. Stocks higher on signs of a stimulus bill before the u. S. Possible. S still nancy pelosi tells bloomberg an agreement is urgently needed, by the white house warns there is still a ways to go. Shill. Etflix shares they miss estimates for subscribers. The forecast suggests the pandemic boom is starting to fade. You can see how the shares have fallen 6 . We are under one hour away from the start of cash trading in europe. Lets take a look at what futures are indicating this morning. Kind of a mixed picture and not a lot of size, no direction or size. Ftse futures are down 0. 10 . 0. 10 . Ures are up take a look at what u. S. Futures this morning after the netflix , ahead of thee tesla results, you can see gains here. 0. 5 . Tures of about nasdaq futures gaining 0. 3 . Anna lets get to the breaking news. We have data coming from the u. K. Inflation numbers first. The cpi number, month on month is a 0. 4 . Survey. St under the that seems to be the theme