Is theail sales number only surprise i suppose. Juliette that is quite interesting given this had been this consumer driven recovery and the positive numbers we have seen and domestic travel. Gold is a miss. Still seeing the incredible strength coming through in offshore youuan. Onhave been seeing a risk momentum coming through in equities across the region. Signing havinghe a positive boost to markets. We are seeing momentum on the asiapacific index. It is going to close at a record high. When we look specifically at Chinese Markets themselves, we did have the csi 300 already near the fiveyear high. The csi 300 a little weaker, down by a 10th of 1 . Korean airlines coming out and saying they are going to to buy. 8 trillion yuan an airline. Raising 2. 5ng to be trillion. That is a bit of corporate breaking news. Lets get over to julia. She is at jp morgan. Thank you for joining us. What was your main takeaway . Controls glance have been maintained. Still looks like their recovery is pr
World . Many of the Worlds Largest pharmaceutical and vaccine manufacturers are racing to find a cure for covid19. One of those companies is glaxosmithkline. Nowd in england, and also the largest vaccine manufacturer in the world. Its ceo is emma walmsley. She was trained in the classics in oxford, but now has a test of producing a vaccine that will cure covid19. How many times a day do people ask you when youre vaccine is going to be available . Emma [laughter] that is definitely a very regular question, whether from employees, customers, media or my mother, so very frequently. We have all been delighted to see the recent news of the first results coming through on vaccines. Yesterday i was on a call with 10 of the global pharma ceos who are heavily involved in bringing solutions to covid. We are excited and optimistic to see the first data coming through and looking forward to seeing a lot more in the next six months. We have three vaccines in the clinic and two therapeutic treatment
Focus in china, the unraveling of the chinese stock rally. Seems like things have stabilized after we saw one of the worst selloffs since the gdp eight out of china. You see china targeting large caps, small caps and the latest is kwai chow moutai. Yesterday, climbing back with the stock. Record after we saw a spike in virus cases yesterday. Watching other things with indonesia markets opening up, focusing more on the Bank Indonesia rate cut, cutting rates for the second time as growth sputters, the stocks are up. 4 area strength in the rupiah. Up. 4 . Strength in the rupiah. Nifty, futures pointing to a positive open. Yvonne the Trump Administrationyvonne is turning on some of americas Biggest Companies saying they are pawns of china. Attorney general bill barr says disney, apple and others are working at the expense of u. S. And western democratic values. He said disney and apple have been manipulated by the communist party interchanging strategy to make money. The coronavirus contin
Coronavirus cases top 12 million. Vice president pence says schools should reopen. Raphael bostic warrants about the hit to Consumer Sentiment. Stock market frenzy pushes the shanghai composite to its highest level since 2008. Thats after mega cap tech took the nasdaq to another record overnight in the u. S. Recovervenue begins to from the pandemic fuel slowdown as your europes Technology Company sees a bounceback and Software Deals throughout asia. Just under one hour away from the start of cash equity trading in europe. Lets take a look at where futures are pointing us right now. Ftse futures up about. 6 . Take a look at u. S. Futures. They have been down though only slightly. Anna, what have you got . Anna lets have a look at breaking news. Numbers coming out from rollsroyce. The engineering business, the engine maker here in the u. K. Giving us details for Free Cash Flow and cost medication action. They themselves are taking it. One billion pounds for cost mitigation action for 202
From texas, as it comes out, we have seen things turning around. The equity markets on both sides of the atlantic under pressure, the s p down by 1. 85 . European equities are up much more, and as you can see, you have a decent move coming through in the bond market as well. At 6000 isearlier now retreating as well. We are going to talk about what is happening with its implications on the u. S. Economy and elsewhere. Coming up later in the hour, we are going to be joined by the Rockefeller Foundation president , dr. Reggie of shah dr. Rajeevof shot shaw. He has a pretty good idea of what happened in terms of the spread of these kinds of viruses and how to deal with his take on what we are seeing in texas and elsewhere. Alex, lets get a sense of how the markets are responding and what is going on here. ,e are joined by bilal hafeez so talk to me a little bit about what is happening here. That iseeing a market becoming increasingly nervous about this virus. The case count is going up. Ho