Market. In the we want to begin in washington, where the u. S. Passed a record 2. 2 trillion economic rescue package. The house will vote potentially on friday. Going this is kevin cirilli. Walk us through some of the highlights here. Kevin shortly before midnight, the senate, in a resounding 960 trillionsed the 2 economic stimulus bill. That puts pressure on the house of representatives to get this done quickly. Theres been some comments from farleft progressives and far right republicans that they may have some issues with this version of the bill. I do not it is about that being enough to significantly stop this from being passed, based upon my reporting. I can tell you that the likely vote will come friday, and President Trump has said he is going to sign this virtually immediately once it lands on his desk. Alix thanks so much. As i mentioned earlier, europe really stepping up its effort to deal with the fallout from the coronavirus. The latest is the ecb started buying bonds, but
That offset the departure of ceo. Demonstrations continue after an 18yearold is shot by police after 17 weeks of antigovernment protests the risk off tone was set by wall street overnight. A heavy close after a very disappointing ism manufacturing print coming out of the United States showing it deeply in contracting territory. That set the tone for equity trading. You can see the stoxx 600 today, almost all of the heat map is trading in negative territory. We are only about an hour into the trading session or so. So very heavy losses lets talk about the indices the ftse 100 today with Boris Johnson expected to deliver his keynote speech the ftse 100 is down 1. 2 well get more about hard deal or no deal luxury hit there well talk about that in a second ftse, mib in italy down as well about. 8 travel and leisure the only spot in green basic resources down 1. 8 . Chemicals in decline down almost 4 there anything that has international expose youre or exposure to this trade war speaking o
And break the impasse. U. S. Treasury yields come off session lows on the new optimism after a bond rush pushes the tenyear to levels not seen since the middle of 2016 and hong kong protests take a violence turn again as police draw guns and use a water cannon in the 12th week of prodemocracy demonstrations to rock the chinese territory all right, good morning, everybody. It is a bank holiday in the uk but not so much for European Markets. Ill take you to all the price action were having and seeing today in some of those european indexes. Lets start off with germany were getting some data out. So let me just bring you those numbers there. We are seeing yet another decline in business german moral in the month of august it has come in at 94. 3, this is below the Consensus Forecast of 95. 1, so drop in the business clie mate index, kurn season index coming in at 97. 3. Again, this is the lower than the Consensus Forecast of 98. 6 forehandlooking basis, expectations at 91. 3 versus 91. 5
And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look
From our correspondents in washington in jerusalem also coming up counting the votes in catalonia as crucial election and initial exit polls are predicting another absolute majority for the regions Pro Independence parties what would that mean for madrids hopes of putting to rest months a political crisis. Its good to have you with us and we start tonight in new york where the u. N. General assembly has overwhelmingly passed a resolution asking the United States to withdraw its decision to recognize jerusalem as the capital of israel at an emergency session today one hundred twenty eight of the one hundred ninety three Member States voted in favor of the most. Only eight countries voting with the u. S. Thats despite a threat by u. S. President donald trump to cut u. S. Aid to countries that backed the measure palestinian president Mahmoud Abbas held the decision as a victory for his people and for more on that now we are joined by our correspondent in washington carson phenomenon and o