They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
Plenty of things to be thinking about. The election dominating the narrative. Alix polls are just opening in alaska. In the lower 48 states, voters have been filing into bowling into Bowling Centers across the United States. Joining us into pulling Centers Across the United States. Joining usis bloombergs nick wadhams joining us is bloombergs nick wadhams. We saw a record early turnout of about 100 million voters, i reflation that a lot of democrats in particular were worried about the coronavirus and possible exposure, and want to get their votes in early. Republicans tend in this election to vote much more on election day. The big number we are looking at is 9 00 p. M. That is when we expect to know what is happening in florida. Once we know florida, people have a very good sense of what this race is going to look like. If joe biden wins florida, President Trump has very few paths to get to the white house. If it is a nailbiter, that could give us a sense of the shape of things to co
People disappear from westminster and it is quiet. You have been reading about the problems, and that is something on the social scene i suppose, and the controversy over which songs should end the problems, a musical event that happens every year. Of course it is much scaledback. I am preoccupied by the latest comings and goings. Tom we have Economic Data on thursday, jobless claims. What is the trend of the economy that you see . Right now in america aims to be almost a two art economy, very separate. A twopart economy, very separate. Anna we are talking this morning about the kshaped recovery. Going to john olsens great piece this moaning about how tech stocks do well, value stocks, other left behind sectors not doing as well. Even as we look at the u. S. Right now. Also really dominating in the news overnight. Anna a recovery, kitd juckes writing on that as well. An unusual august. For our briefing with first word news, there is ritika gupta. Ritika President Trump and speakers at
Michael its been a while since ive been able to give good news, so i will take as much time as i can hear. It doesnt happen very often, but it did happen in july. Manufacturing data betterthanexpected, particularly in europe with of increase for most major economy. Spain leading the way at 53 point five. Italy at 51. 9, france, 52. 4. The euro zone as a whole comes in at 51. 8. All of those numbers for the most part above what they had been in june. These are sentiment indexes that suggest that look at the comparison between june and july. We dont know whether they really incorporate the rebound in cases. In the states, we saw a much better than expected ism unemployment number of 54. 2, which suggests that maybe it did not capture it, or manufacturers managed to keep going through the covid outbreak. We are just now seeing covid start to show up more in europe again. That is something to keep an eye on. Several surveys show that while overall moment to miss revving up, momentum is rev
Is starting up again now that were also worried about a 2nd wave on this that is really difficult not just this year but the many years to come. Also coming up tonight the anger and frustration of the pandemic being taken out on our children a special report about the dangers lurking in the walk down. This crisis. For. All. Of us. And to our viewers on p. B. S. In the United States and all around the world welcome we begin the day dreaming of a european Summer Vacation 3 months ago as the coronavirus pandemic took hold the world watched stunned as one european country after another closed its borders and shut down its a con. There was no joint European Union plan in those 1st weeks you may remember the criticism as northern italy appeared alone even abandoned as the death toll there skyrocketed well you wont find many loud voices calling for another go it alone approach as june and the Summer Holiday season approach europes Tourism Industry is 110th of the e. U. Used total g. D. P. To