U. S. Treasury secretary Steven Mnuchin said additional fiscal stimulus is needed urgently. The dollar steady after Strong Manufacturing data. Above 1. 20 for the first time in over two years. It does not last long. Does mattere level for monetary policy. It is 6 00 a. M. In london, 7 00 a. M. In frankfurt where they are watching the eurodollar trade. Good to see you. So, volatility. Is the equity market to greedy and the rates market under assuming vol in the u. S. President ial election . Good morning. Annmarie that is certainly what the Options Market is signaling, that this is the biggest event risk to date on record and that is of course the u. S. Election. It signals investors basically maybe being in wait and see mode until november. They want a bullish spread and a bearish spread. Have two exclusive massive interviews coming up this hour im really looking over to. Manus there are a couple of things. We have had a huge month of property deals go through. These are the two leader
Meeting today. We are in brussels. The euro goes higher as the ecb forecasts are said to show more confidence on the economic outlook. For clues on extra stimulus at todays meeting. 6 00 a. M. In london. It is 7 00 a. M. In frankfurt. The two cities with the most amount of risk. Good morning to you. Normally, we talk about political crises. The irish version is what we have. Europe ripping up the rulebook and going for the playbook from johnson and cummings and prepared to take legal action against the u. K. It on seats the pound. Good morning. Annmarie i know you are on brexit watch. Im certainly waiting to see what we are going to hear from Christine Lagarde. Tos a very fine line she has walk. Does she want to exude confidence about the european recovery . At the same time make sure shes getting that support she thinks the economy needs . The challenge will be making sure she does not bid up investors for the price of the eurodollar. I want to take a look at whats going on in the mar
Chipmakers asias chipmakers. And oracle is an talks to purchase tiktok. Reports ap group surge in iron ore. We hear from the ceo this hour. It has just gone 6 00 a. M. And london. Dsia. M. In downtown everything comes back to the price of a bond for me in the United States of america. Stimulus, prevarication what does it do to the dollar, good morning . Annmarie the dollar is in focus. Putting outole research saying the tail wind be the u. S. Election. You and i wake up so early, we got to see some of what is going on in politics. The dnc kicking off its convention. How does this impact the market . That is what we will need to discuss. Will come off the top of the s p. I have get my one favorite line of the day. My quote of the day. Bondholderso says are like boiling frogs. A small kick in rates and they jump out of the pot. Boiling frogs. What an image. There you go. Whoever put that together, high marks on our show. Annmarie we are going to go down this path. My favorite this mornin
A medical journal is due to publish more information on the vaccine trial. Welcome to bloomberg surveillance. Im Francine Lacqua in london. The markets are more quiet, but a lot of the focus is euro given what weve seen in the markets and what we saw with the eu leaders. The eu strengthening to a fourmonth high, bond spreads narrowing as regional leaders in europe make progress negotiating a stimulus package for economies devastated by the pandemic. Eurodollar, 1. 1455 and gold flat. Lets get the first word news with laura wright. May joink. International allies and suspending its extradition pact with hong kong, it could come today when the foreign secretary addresses parliament. Tensions have ramped up in recent weeks. London could introduce sanctions over human rights abuses, a move beijing once would have consequences. Donald trump is playing down arising coronavirus cases. He told foxnews many are experiencing nothing more than sniffles and positive tests are only up because of wa
Response is needed to come the followup from the virus. Jp morgan, citigroup, wells fargo kicked off reporting season for u. S. Banks. Investors are braced for heavy provisions. Trading revenue could be the bright spot. 6 00 a. M. Inne london. 9 00 a. M. Here in dubai. The defining sentiment of u. S. Markets and the world will be defined by this family, jvm, bank of america, goldman sachs. Do you want to take a look at the spread between gs and the rest of the banks . It is going to be confusing, sloppy, and shocking. Is provisions. Bank of america warns wells fargo the dividend could be toast. Ficc that saves the day . This is the defining narrative on the consumer, confidence, and the outlook for the u. S. Pandemic wont disappear in coming months as the total pace is 13 million, california closes its doors to Indoor Dining and bars, shutting its two Largest School districts as hospitalizations hit a record. Our guest is with us. Nd unsynchronized moment how does that redefine the nar