Fed set 2022 and what the chairman will say and what i assume will be a Virtual Press conference today. Ofncine we will have plenty market action. We will look at the markets every 15 minutes, including what is happening in treasuries. We had the oecd coming out with their economic outlook. That was released about an hour ago, and the oecd, it is a smarter way of doing it, tom. Forecasting the pandemic would cause a Global Economic slump of 6 here, but if there is a second wave, that becomes a seven point 6 slump. It is a good way of visualizing percent comes a 7. 6 slump. By thewas taken aback differentials between the bar charts of europe and the United States. I did not have in my head how much worse the guesstimate is for gdp decline in the europe verses in the u. S. It is a very good report. Francine it is also because of where europe was in the economic cycle. Lets get straight to first word news in new york city with ritika gupta. Ritika good morning. A warning from jeffrey gund
First time in decades. Going there for more from beijing is bloombergs selina wang. Give us an update on the situation in terms of the death toll and some of the evacuations from the ships, and also what we have heard about potential delay to the National Peoples congress. Selina we heard from the head hospital that he turning point may be reached, but we did see the number of , so it looks like the virus has not reached a peak yet. Outside china, countries have been stepping up evacuation efforts from these cruise lines. The diamond princess cruise ship in japan reporting the number of infections jumped to 454 after another 99 new cases right in the fight. In beijing, you can still feel the effects on the local economy, with stores and restaurants still closed. There has been a slight uptick in activity as people have resumed work, but only about 40 to 50 of the economy has been running at capacity this week. In beijing, anyone returning from the city has been ordered to self quaranti
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
Could move the eurodollar. We also focused on the oil markets. Saudi arabia faces a daunting oil market surplus. Up, they hear from the former lng executive. He proposed a takeover offer by the Hong Kong Exchange and we will have plenty more on the corporate story. It broke about 24 hours ago. They will have a look at the exact response of the london Stock Exchange. Lets get straight to bloomberg first word news. Bloomberg has learned in a show of goodwill that china may resume u. S. Farm inputs. This comes as donald trump says he is postponing a 5 tariff increase by two weeks. The delay causes u. S. Levies on chinese imports at 25 . Sweeping cats from a no deal brexit. Chaos from a no deal brexit. The warnings outlined in a u. K. Government paper. The internal document is called operation yellow hammer. Ministers were forced to release it to comply with the deadline. Law intendeding a to prevent Boris Johnson from forcing through a no deal brexit but he says he is ready to do it anywa
Democrats for the first time in a National Opinion poll that says the s. P. D. Launches a make or break vote to enter another Coalition Government well get some analysis. And there were more medals up for grabs out the Winter Olympics thats including the ice dance competition workout of the graceful couple virtue and moir were vying for another gold will get you caught up on dale love and in the junction. Im sumi so much got it good to have you with us the United Nations says the Syrian Government must stop targeting civilians in the rebel held enclave of eastern how to. Have a london based a syrian observatory for human rights says that Government Air raids on eastern how to close to the syrian capital damascus killed at least one. One hundred people on monday around four hundred seventy were injured this africa has been under siege by Regime Forces for more than a one month now. Lets talk to adnan had data Syrian Opposition activists observing the situation from turkey he joins us on