Im Francine Lacqua in london. European stocks edging higher. U. S. Futures pinning hopes on the american stimulus package. The dollar is slipping. I am also looking at treasuries pretty much steady. Texas crude oil steady at 40 a barrel. Lets get to the first word news. In the u. S. House democrats have started drafting a new stim in this proposal of roughly 2. 4 trillion. The plan could get passed by the house next week. While smaller than the package in may, it is larger than what Senate Republicans say they can accept. President trump has excepted he will go as high as 1. 5 trillion. Your Governor Andrew Cuomo says he does not trust the Trump Administration over a vaccine. He vows the state will independently review anything authorized by the federal government. Polls show a growing mistrust over a vaccine. New york may require travelers from europe to abide by its 14 day quarantine rule. In the u. K. , rebel numbers of the conservative party are threatening to seize the power of pa
Speaker pelosi under huge pressure to jumpstart the stimulus talks. A lot of people saying that. Francine that will filter onto the markets. Lets get straight to bloomberg first word news. Ritika good morning. Republicans are pushing back against Donald Trumps refusal to commit to a peaceful transfer of power. Mitch mcconnell tweeted the process will be orderly, just as it has been every four. Years since 1792 also every four years since 1792. The senate also committed to a peaceful transfer of power. Democrats have started drafting a new stimulus proposal that could get past the house next week. Smaller than the package the house passed in may, it is still larger than Senate Republicans say they can expect. President trump said he will go as high as 1. 5 trillion. In the u. K. , rebel members of the conservative party are threatening to seize the parliament to block new coronavirus rules. At least 40 tories have put their name to an amendment wiping out the government majority on the
2400000 new unemployment claims in the past week. Drive to attract tourists back to one of the worlds most visited cities but there are safety concerns. And support that a catalyst. Committing imbalance to keep the event affordable for barack. Is not pricing out supporters has become more important to Economic Impact at the coronavirus. So than china is planning to push through National Security laws on hong kong following months of mass protests against the Central Government and this comes as chinas biggest political gathering of the year kicks off in beijing the draft legislation will almost certainly be rubber stamped by the National Peoples congress is Spokesman Says the new law serves the fundamental interests of both china and hong kong activists fear it could be used to limit the Political Freedoms in hong kong. Xanga could be. Hong kong as an inseparable part of the peoples republic of china the m. P. C. Is the highest organ of state power in light of new circumstances and nee
And the drive to attract tourists back to one of the worlds most visited cities but there are of course safety concerns. So then china is planning to push through National Security laws on hong kong following months of mass protests against the Central Government the draw floor is expected to be a rubber stamp to chinas biggest political gathering in beijing activists fear it could be used to limit its Political Freedoms as katrina you know reports 2. On the eve of Chinas National Peoples Congress the announcement of the National Security law which criminalizes secession foreign interference and a subversion of state power in hong kong. Could be shins entry hong kong as an inseparable part of the. Peoples republic of china the m. P. C. Is the highest organ of state power in light of new circumstances and need the n. P. C. Is exercising the power in trying to in the constitution to establish and improve at the state level a Legal Framework and enforcement mechanism for safeguarding Nati
Lose their jobs but some stores are surviving without laying off staff. After months of protests in hong kong against the Central Government china plans to introduce a new law to clamp down on protesters its expected to rubber stamp National Security laws at his biggest political gathering the u. S. Has warned it will respond strongly and is urging beijing to respect hong kongs autonomy katrina knew before. On the eve of Chinas National Peoples Congress the announcement of a 3rd National Security law which criminalizes secession foreign interference and the subversion of state power in hong kong. Could be issues in sri hong kong as an inseparable part of the peoples republic of china the m. P. C. Is the highest organ of state. Power in light of new circumstances and need the n. P. C. Is exercising the power in trying to in the constitution to establish and improve at the state level a Legal Framework and enforcement mechanism for safeguarding National Security in hong kong. The new law