Up for today. Were going to look at all of todays market moving news from new york and london. We want to begin in washington were the Trump Administration stoc struck a deal on a rescue package. Mitch mcconnell says it is an historic plan. At last, we have a deal. After days of intense discussions, the senate has reached a bipartisan agreement on an historic relief package. It will rush resources onto the front lines of our Nations Health care fight and will inject trillions of dollars of cash into the economy as fast as possible to help american workers, families, Small Businesses and interested and industries make it through this. Alix joining me is kevin cirilli. Walk me through what is in the bill and what to expect. The deal will likely pass within the next 48 hours. They are bullish to get this done. 500 billion for Large Companies as well as corporations bailout cash for industries that have been impacted by the economic effects of coronavirus. 350 billion for Small Businesses.
says the bank is ready to start cutting rates. musicians cope with stage fright. welcome to business today, i m mark lobel. is on the second day of a state visit. he s there to meet chancellor olaf scholz for talks aimed with the us and china. the two european heavyweights want to advance plans for an eu capital markets union. that s to get investments and savings flowing across member states. however negotiations have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so called single market for capital to becoming a reality? let s get the thoughts of vim mice. he s ceo of the european banking federation in brussels. this, like many things in europe, it doesn t come with a big bang. it is usually part by part by part going forward. but it is so important that there is talk. it s not only the talk of macron and schulz, there are several high level reports that really want to make this real. what s
heavyweights will be talking about plans for an eu capital markets union, in order to get investments and savings flowing across member states. however negotiations over these plans have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so called single market for capital to becoming a reality? here s vim mice, ceo of the european banking federation in brussels with his thoughts. this, like many things in europe, it doesn t come with a big bang. it is usually part by part by part going forward. but it is so important that there is talk. it s not only the talk of macron and schulz, it is also the eurogroup who has been talking about it. there are several high level reports that really want to make this real. what s so important is that we really get a move on and the practical side, because we ve done all the analysis, we ve done all the regulation, and now we need to move onward. as everybody sees
Opportunities, and we can take advantage of them. The issuance of costly promises is virtually limitless. Shery Central Banks release Meeting Minutes with important clues for investors, while Neel Kashkari shares inside insight on the fed stock proccess. Wall street overreacts to everything. They overreact to the upside, they overreact to the downside. Shery plus, the earnings drumbeat continues loud and strong. What is pleasing is all parts of the business are performing well. There is still a lot more work to be done, but we are pleased with where we are today. Shery it is all straight ahead on bloomberg best. Shery hello, and welcome. Im shery ahn. This is bloomberg best. Your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Markets were closed in the United States on monday, but there was plenty of drama elsewhere, as a euro group put forth a nominee for the vice presidency of the European Central bank. Nejra th
Line. We will be looking at what will come next to resolve the crisis the european markets are lets check in with manis at the touch screen we are off to the races and the nasdaq made a 14 year high yesterday. We will what other political issues there are in the world. We will get prices later on today. The Building Confidence is at a sevenmonth high and we will get the current account and some data in the United States of america. Equity markets are open. Lets go in to see what is driving the upside. It is going lower. This, lets go down into portugal. You are seeing that do a little bit better. Some big Company Names are in focus. We had results and we see it coming off. They say that they are looking for growth and have returned to profit. Withare looking at targets the vestments divestments. They come out with the merger program and they are going to. Tick with pillars they are demerging. That is going to spin the stock off. We have it. It is on the tape overnight and they are sayi