The bloomberg. Forced to come. Jerome powell said the u. S. Economy is heading into in uncharted territory. Morgan stanley warns the nasdaq 100 could enter a bear market. U. S. Tissue paper Prime Minister Boris Johnson is set to sound the up Prime Minister Boris Johnson is set to sound the rise. After covid19 cases hsbc orders a halt to social media posting after a leaked report linked to the bank to suspect transactions. Shares slide in hong kong for the second day in a row. Just under an hour away from the start of cash equity trading in europe. Take a look at futures after the big, fat drops drops we saw yesterday. The dax fell 4. 3 . The drops were much bigger in europe than they were in the u. S. The u. S. Saw drops between 1 and 2 yesterday. U. S. Futures are still down about 0. 5 . Anna, what do you see on the gmm . Anna lets get to it. We have the reaction we are getting in the european session. What we saw overnight in the u. S. , rather. A bit of selling. It is quite dramatic
Financial sector to its part in fighting lemon change. Climate change. A lot of the focus is on trade or what will happen between the u. S. And china. Gold, always a good litmus test for risk. We can see the yield at 1. 85. Stocks gaining 0. 4 . A lot of focus is on earnings. Loose of ex conversation with the commerzbank she chief Financial Officer. Dont miss that conversation after 10 30 a. M. London time. First, lets get straight to bloomberg first word news. In the u. K. , the first cabinet resignation during an Election Campaign in a century. Quit after aretary report that he knew about a former aides role in the collapse of a rape trial. Ae labour party also suffered blow with deputy leader tom watson announcing he will leave politics after 35 years. He has long clashed with Jeremy Corbyn over the direction of the party. Willank of england probably keep rates on hold as brexit continues to plague the economy. It is expected to cut forecasts. Be nexttion is who will to lead the ban
Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. What stood out to you . David yes nejra yes, that ters, one ofo dissen whom was michael saunders. If there had been 80 dissenters, he was one that was expected. That split vote had been any dissenters, he was one that was expected. That split vote coming as a surprise. I am just taking a look at some of these headlines here. In terms of cutting the inflation and growth forecast, that was expected for both 2020 and 2021. It really is that split vote that has come as a surprise because all of the ec
Welcome. There is a bullet train with some yen on it. It is soaring. The disbelief of abe. A lack of belief in the bank of japan. Day in ahe seventh row, the longest winning streak since 2012. Hedge funds are the most bullish on this currency since 1992. They have a belief that there is a tolerant level of the bank of japan. They actually really intervened in the fx market. Lets look at the repercussions or markets. You are seeing this pressure on the equities story. We seeing money flow out of japan. Oney is exiting tokyo the longest stretch of exit of cash since 1998. 46stors have stopped million worth of stocks. That is the yen against the dollar. Yan rising against the dollar. What else is going on as a consequence of the yen moving . This is your risk radar. Lets check in on oil. Rigs, up of u. S. Oil one third of 1 . Count the lowest since 1999. Brent, 42. 11. As the dollar drops, of oil pops, emergent carpet emergingmarket currencies they rock. Emergingmarket currencies up for t
Formal discussions with the leader of cuba. President barack obama and cuban president raul castro met in a small Conference Room at a Convention Center in panama city panama where the summit of the americas has been taking place. Mr. Obama total 83yearold cuban head of state we are now in a position to move on a path toward the future. Major garrett is in panama city with the president. Major, good evening. Reporter good evening. Even before their historic meeting, president obama suggested cuban dictator raul castro set aside past grievances. Instead, castro spent 48 minutes he was allotted eight dwelling on a century of grievances. But, he said mr. Obama was not to blame. The two leaders met on the sidelines of the summit of the americas the first substantive talks between a u. S. President and cuban leader since president eisenhowers encounter, also in panama, with proamerican dictator fugnecio batista in 1956. President obama called cubas presence at the summit an historic occasio