Course in america we go into the jobs report next thursday because of independence day, a week from today. Is viruserica, it front and center. I would agree with you, europe is a different tapestry this morning. Francine it certainly is. Watch out for germany because it seems the overall number of infections rose, but there are pockets where it is researching. Lets get to first word news in new york city with ritika gupta. Ritika good morning. The u. S. Has not seen a day like this since the coronavirus pandemic hit. The country registered its biggest ever jump in cases, and that is leading some governors to reopen their states. To pause reopening their states. Texas has suspended elective surgeries in big cities. Businesses that are already open and operate. There are reduced occupancy limits. The administration has asked filed a brief with the Court Last Night that urges the entire Affordable Care act must fall, including its protections for people with preexisting conditions. The Su
Thanks. The dow giving up its early gains. All three of the major averages are lower. Bob has more on these markets. Bob. Were threatening to go positive here late in the day. I want to show you though were down a bit, the sector lee leadership is still intact russell 2000, another good bay banks stronger and retail keeps going up i keep getting asked about this retail rally were seeing. We get these nice moves every day and some of the retailers, the macys, they are still 50 off of are they were in february these gains, yes, they are there but still big, big declines. New highs, were not seeing a lot of expansion waiting for break out is not really happening e bay and paypal, winnebego hit a new high thats interesting here. Lets talk about whats moving the market remember the buckets we keep talking about. The important thing is the reopening is still going well. The recent economic reports, the ism, the stimulus. Were hearing more from the ecb, more from u. S. , more from japan. Ther
Top aide who broke the lockdown rules. Lcome to surveillance i am nejra cehic in london. We get a sense of the u. S. China protests in hong kong. Equities, of course the u. K. Is closed for a bank holiday today. U. S. Cash stock and bond market closed as well. A positive sentiment coming through in u. S. Futures. Third day of dollar strength. That speaks a little more to a slight risk off tone. In terms of oil, it is being anchored around 33 dollars a barrel but in the green today. Confidencebusiness index is 79. 5. The estimate was 78. 5, so that coming in a little better than expected. In just a minute, we will speak with the Ifo Institute president clemens fuest. First, lets get to bloomberg first word news. Thank you, nejra. Were hit with tear gas in the city. New National Security legislation, being described as the vegas for hong kong since china took control in 1997. Here in the u. K. , Prime Minister Boris Johnsons most senior aides are facing growing calls, breaking lockdown r
There are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen their economies still. The European Union is facing its worst recession ever and france adjusted the e. U. Issue bonds of at least one to 2 percent of the u. S. G. D. P. For the next 3 years so essential
A near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen their economies still the European Union is facing its worst recession ever and france suggested the e. U. Issue bonds of at least one to 2 percent of the e. U. G. D. P. For the next 3 years so essentially it would be between a war 152300 1000000000 euros this according to a reuters report will mean while South African countries are calling for the lock down to and this is up to 4000000 jobs that are at risk keep in mind south africa is the continents most industrialized economy and if not contained the World Health Organization predicts a virus could kill up to 190000 people in africa in the 1st year all this comes as australia joined the United States and called for an investigation on chinas handling of the corona virus on friday well try. And as ambassador to berlin we can told a german magazine they are now open to approach but they reject putting china in the