And Lauren Simonetti is watching the markets. Lets start with blake with the latest from the white house. Reporter hi, there. There is a debate taking place in washington up on capitol hill about the future of the 600 federal uninsurance benefit that came about during the cares act. We will give you a live look right now at the Senate Finance committee, the labor secretary Eugene Scalia testifying there. Republicans and the white house argued that benefit has become a hindrance for businesses since some people are actually making more money on unemployment. Democrats, though, are making the argument to republicans saying how can you say more people are coming back into the work force, yet this is also a hindrance . They are saying that doesnt really work hand in hand. They are also saying that this 600 plusup should continue until the end of the year. Watch. When secretary scalia failed to offer a plan to give benefits out in a timely way, democrats proposed a flat sum solution. 600 pe
From people across right now thats how much they love them you know im just stand strong as i can because i need to get it out i need to get it out everybody wants justice we want justice the joints hes going to get it hes going to get it. Well lets hear now from the times you can name has more from minneapolis. As personal as the family tributes were to george floyd it definitely building a portrait of a man a father a brother a grandfather son a brother a friend but also the whole of the service was put in the broader context of the historic moment we found ourselves in one of the speakers said kovac 1000 did not kill george floyd a reference to the fact that an autopsy showed he had it in april the speaker said append demick of reeses and discrimination in the United States killed george floyd we heard from floyds brother who painted a picture of a man who was a rabid Le Bron James fan who they described as being an athletic alpha male with an imposing presence who quote had a way w
Disinformation and propaganda, President Trumps rhetorical assault on beijing steps up a gear. The u. S. Senate passes a bill to the last Chinese Companies on european and delist Chinese Companies on european indexes. The bank of england president said get of rates are not being ruled out. Plus, cut to junk. Angela merkel says a decision on the lufthansa bailout should be expected shortly after the German Airline becomes the latest to lose its Investment Grade status on the s p. Take a look at futures this morning. We do see losses in futures. Euro stoxx 50 futures down a little bit more than 1 . 0. 6 6 . Ures falling we see drops on u. S. Futures, as well. S p, and nasdaq futures all down by more than 0. 5 . Anna, the gmm . Anna lets have a look at the gmm. Quite a mixed picture in the Asian Session after some gains in europe and the u. S. Yesterday. Lifted in part by some better corporate reporting in the u. S. We see a little bit of nervousness around geopolitics and the ongoing ten
Is scheduled for next week. Good morning, everyone. This is bloomberg surveillance. Good afternoon, good evening depending on where you are watching the world. Gdp is a good sign of things to come. It is a little bit backward looking, which is why we tend to look at other indicators. Certainly when you look at eurodollar, it is probably moving on the back of it. German economy shrinking some 2. 2 in the First Quarter. Now to your bigger asset classes. European stocks are actually jumping. U. S. Equity futures pretty much unchanged. The one thing that we need to watch out for is basically the second wave of infections, but also the simmering tension between america and china. Oil climbed, treasuries edging higher lets get to the bloomberg first word news in new there is in the u. S. , no guidance from the centers for Disease Control and prevention on how to reopen bars, restaurants, and workplaces. It includes social distancing, limiting group sizes, and encouraging drivethrough and del
Presently present. Public comment is available for each item. They are streaming the number across the stream at sfgovtv. Each speaker is allowed two minutes. Comments to speak during the Public Comment period are available via phone by calling 888 2045984 access code 3501008. 3501008 press pound. You will beelined up in the order you dialed. While waiting the phone will be silent. All callers will remain on mute until the line is open. You must account for timely days between life coverag cover coved streaming. Turndown your radio. You can make Public Comment by emailing me linda. Wong at sfgovtv. If you submit via email it will be included as part of the matter. Written comments may be sent through your Postal Service to city hall. Finally, items acted upon today will be forwarded for full consideration on may 12 unless otherwise stated. Supervisor fewer thank you, madam clerk. Please read items one and two together on the budget and finance committee agenda. 1. Resolution authorizin