He wants to keep pushing for pension reform, controversial in france. Brexit negotiators appear to be homing in on a broad agreement despite talks this week ending a day earlier than planned. Officials told us the two teams are beginning to near a socalled landing zone that could form the basis of a deal. The two sides will regroup in london next week. Majorowledge meter sticking points to remain. A Turkish Court has opened a trial to two aides of mohammed Selman Mohammed bin salman. Other saudi nationals are being tried. Prosecutors are seeking life in prison for the defendants, who have all left turkey. Areas across the u. S. Are tightening rules as virus cases continue to accelerate. Texas is making face masks compulsory. It is reversal of governor greg abbotts long opposing the move. Warns that theci virus may be mutating, making it easier for pathogens to spread. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in mo
Here are your top headlines from the bloomberg terminal. Angela merkel, the radical, the german chancellor throws her support behind the euro stimulus plan. She warns her fellow eu leaders that there is no time to lose and agreeing a deal. Is yet to come. The World Health Organization warns that a lack of International Cooperation means the virus pandemic is far from higher as aks push volatile first half comes to a close. Controversiales a security law after the u. S. Commerce Department Suspends regulation allowing special treatment for the city. As i said, just under an hour away. We are looking at futures pointing lower for the ftse right now. Andttle higher for the dax the cac. See euro stoxx 50 futures and ftse 100 futures are down. S p down just slightly as nasdaq futures edge a little higher. Lets talk about anna lets talk about breaking news. ,hell seeing volume guidance 3. 5 million to four point 5 Million Barrels per day. That is substantially weaker. Weakve seen extremely d
States come and the jobs report two days away on thursday. To me, all of it is superseded by a global virus update. There is a little bit of good news, but it is overwhelmed by the bad news, and this news out of hong kong, i thought steve engle and anna edwards conversation with lord paren that lord patton was extorted very. Response that we could see from washington will do well worth watching. Lam just carrie finished a speech where she said freedom of the hong kong population it is unclear how china will interpret the new law that has been passed. Coming up in the next hour, our exclusive conversation with barclays executive jes staley. We will talk with him about loans and markets. Lets get to first word news with three. Ritika good morning, tom. The stage has been set for another confrontation between the u. S. And china, chinese lawmakers approving a National Security law for hong kong, punishing acts of terrorism and seclusion with Foreign Forces. The law will shape future of ho
Welcome to bloomberg surveillance. Im Francine Lacqua in london. The markets are definitely focusing on a couple of things out there. ,here is a lot going in china global stocks continuing to it is yes and in the market. The dollar and treasury slipping. Homebuilder shares in the u k advance after a report the government is considering a temporary increase in the pay. Hold at which buyers weighing a Global Equity market that remains about 40 above its march lows amid this economic recovery, which is under threat from the continuing spread of the virus. We will have more on the markets but lets get to the bloomberg first word news. Here in london is leighann gerrans. Planning billions of pounds in two theaters and then use to rescue the arts and culture sector from the brink of collapse. Announcing the move, the chancellor tweeted the show must go on. He will outline his next steps for the economy on wednesday. The next key date for frexit progress according to one of europes biggest fi
Up there. Want to therefore get more of a take from state street Global Advisors managing , quantitative equity, olivia engel. Where do you said when it comes to some of the more beaten up overall names . Are they more of a risky bet . Should we be looking into the smaller caps . Olivia i think insurance is a good play because it is valuation. The risk emerged during the crisis and now looking a lot less because of the fed action. If the fed is looking to buy and support, that is probably good for them, and brings the risk down substantially. I guess there is a big difference between liquidity and solvency. The fed can create liquidity but cant actually force the economy to generate cash flow. There still is a limit to what the fed can do to Keep Companies solvent. Romaine that is a great point, and something that i think gets lost on a lot of people. I am wondering, specifically with your quantitative hat on, as you try to chart the strategy for your team, do you feel you are getting