To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
On the agenda today, resolution on the peaceful transfer of power after the president ial election, live house coverage at cspan. The speaker pro tempore the ouse will be in order. The chair lays before the house a communication from the speaker. The clerk speakers rooms, washington, d. C. September 29, 2020. I hereby appoint Emanuel Cleaver to act as speaker pro tempore on this day. Signed, nancy pelosi, speaker of the house of representatives. The speaker pro tempore the prayer will be offered by our chaplain, father conroy. Haplain conroy let us pray. Lord, father of us all, we give you thanks for giving us another day. As the stresses of the pandemic and as economic and educational effects stubbornly continue, we ask you once again to send your spirit of peace and healing upon our nation. Bless those who labor to bring healing and teaching during these difficult times. Comfort all who are ill with coronavirus and those who mourn the loss of loved ones because of it. As the members
Hong kong Police Arrest a media tycoon and prominent activist jimmy lai after the u. S. Penalizes the citys chief executive carrie lam. 15 ,s in next digital get dip 50 only to reverse losses. The inflation debate. Investors look ahead to u. S. Ppi and cpi as global debt with subzero yields top 16 trillion. A ton of negative that out there. Bob prince tells bloomberg a pickup in inflation would be mind blowing. Frome under an hour away the start of cash equity trading in europe. Lets take a look at futures this morning. Looking at gains across European Equity indexes,. 8 of the gains you seen on the widely traded euro stoxx 50 futures, also on ftse futures. In london. Dax in frankfurt. Looking at games on the u. S. Futures picture. Tradings p minis stronger than nasdaq futures, but you still see green arrows, so it could be a risk on monday to kickoff the week. Lets get the first word news with laura wright in london. Gates billionaire bill says it is mind blowing the u. S. Has not imp
Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. Arkets are moving sideways little bit, but optimistic about things to come. Overall, a lot of focus on the markets. Dollar weakening, but stocks advancing globally. Aussie equity futures up after european leaders reached a deal on a landmark package. Equities rising also across asia. Australia outperforming. Days of tough talks, european leaders agreed on a landmark stimulus package that issue 750he bloc billion euros of emergency debt. Grants,ion euros in less than the 500 billion euros the french president and german chancellor included in the earlier draft of the proposal. The deal represents a victory for a collective you response. Joining us now from brussels is a reporter maria tadeo with the details. Maria we do have a deal and a whole package of 750 billion euros. The grand component which had then problematic now confirmed, 390 billion euros. The breakdown by country is interesting. Italy and s