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
Weeks kenosha shooter may have acted in selfdefense. He visits the city today. Jp morgan says investors should prepare for the possibility of a second term. The German Government is said to expect a smaller fallout from coronavirus than previously thought. Italy and spain also had the tape. Apple, ship. Up. M in, wire me up, bid it they are ordering 80 million new 5g phones. The world is safe. Annmarie is picking much roughly in line with what apple produced last year. This is something we will look at as we head into the european open and Bloomberg Intelligence note this morning said that augusts rally in tech shares is very different in the United States versus asia. While apple is doing well, huawei under immense pressure. It says to me that we are seeing that bifurcated tech market that many analysts have been worried about. Manus when you do a stock split, five to one on tesla. He is standing here, his pockets are heavy with tesla stocks. How are your stocks . Good morning. Lets l
The ballot. Hurricane laura is on the verge of becoming the most powerful hurricane to ever strike louisiana. Towards the u. S. Gulf. The eus trade chief steps down after criticism he broke virus regulations. It comes amid a rise in european cases. Rejectspain, and france the possibility of fresh lockdowns. It has gone 6 00 in london. 9 00 in downtown dubai. Good to see you this morning. We were trying to wrap it up with the rrrs. Risk, the rncly over the dnc. Political risk. The trifecta coalescing today. Lovely blog this morning. That upset the market week ago. Good morning. Annmarie good morning. Its not just a rome powell we are waiting on. We will hear from Andrew Bailey and philip lane. Will inflation become a moving target . For me, that will be the focus of jackson hole. Theres a number of other risks out there including the political, mike pence saying joe biden is a trojan horse for the radical left. Also, this hurricane. This is expected to really batter across the u. S. Gul
Marred the city since jacob blake, a black man, was shot in the back by a Police Officer on sunday. Masks to become compulsory throughout paris. The french Prime Minister laid planse plans as part of to fight covid19. Those are your headldlines. Yoyou are for r joining us. I am genie godula. Hasfrench foreign minister announced measures for covid19. France has seen a resurgence of cases of covid19, an average of about 3000 new cases a day. That number went up to a most 5000 new cases reported on wednesday. A percentage of positive cases among those tested is growing. Lockdown,just after and now it is at 3. 7 . Statistics tell us that the virus is most active among young people, people between 20 and 30 years old test positive at a rate of 6 higher than the national average. The covid19 9 security measures are having a big effect on the france French Business community. To talk more about that, lets bring in our Business Editor stephen carroll. What were business leadeders interested in
You might say better late than never. Adam that is exactly what i would say. Better late than never but also powell and Richard Clara for the process. There is a reality going back to well before the Global Financial crisis that the phillips curve has been flat. This is a fancy way of saying you can have deviations in inflation deviations in employment to the upside and you do not get that much inflation for it. Then you combine that with the reality we have seen in japan for a long time and in the u. S. And europe for the last 12 to 15 years that when youre too close to zero on your Interest Rate balance, you cannot react as well as you should to policy and adjust policy. Fomc powell and the they unanimously adopted the statement before he spoke what jay powell and the fomc are saying is they are catching up with reality. And jay powell was framing this as we have to be realistic and pragmatic. This is how the economy has changed in our process must reflect the way the economy has cha