Top 2 million for the top two weeks. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. This is markets. When you look at the markets, they seem to be focused a lot on hong kong. At the same time, u. S. Stocks are dropping futures. If you look at washington and beijing, escalating after china announced the National Security law. Oil snapped a sixday winning streak. We will also have much more. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika hi, francine. Imposing restrictions on Chinese Companies listed on u. S. Exchanges, but the parliament stop short of passing a vote. The senate had overwhelming support from both parties. Rising pushback against china on capitol hill. President trump has decided to withdraw from the open skies treaty. He wants to promote transparency between the u. S. And washer, and russia, citing until there is a deal, we will pull out. Secretary of state mike pompeo says there could be a d
Taxes didnt break the protection of the citizens system it was just the working class was the lore middle class and a way for the middle. Grade and deformed to serve the exclusive demands of Corporate Power and corporate profit has been unable to cope with the stress caused by the current pandemic the Us Government has proven incapable of protecting its citizens from the ravages of covert 19 or providing leadership to the Global Community the disastrous handling of the outbreak of covert 19 which has included an absence of federal planning severe shortages of basic medical i dont see such as test kits masks gallons and ventilators and a white house that peddles quack remedies and patent false woods has exposed the deep rot within American Society the United States now has them. Most confirmed cases of covert 19 in the world 15 times the number of cases reported in china the 2 ruling parties rushed to pass 3 relief bills but some 85 percent of the Financial Relief is for corporations th
Barrier. Softbank is said to be planning deep cuts at the vision fund which could affect 10 global staff, souring bets on tech are takingke their toll. Haidi a mixed start to a politically driven status when it comes to the markets today as we get that precedent being set with that security bill as well as greater considerations over what kind of reopening and second wave issues we are seeing across the rest of the regions. We are seeing new zealand markets starting off the day with tepid gains. The session looks a little bit more muted for the rest of asia. We are seeing japanese futures as well as Australian Futures pointed a little bit higher. Those in hong kong seeing retreats. The npc is being i to be passing the Hong Kong Security eyed to be passing that Hong Kong Security bill. The u. S. Sees 100,000 deaths. We are watching the oil story, seeing whether this pause in the rally will continue given concerns about renewed production out of the likes of russia. Shery to our top stor
Time for todays market moving news from our washington and new york bureaus. President trump is pushing to reopen the economy, even if it leads to more deaths. Speaking in arizona in his first trip outside washington more than a month, the president is preparing for phase two of the u. S. Response to the coronavirus. Pres. Trump the people arent going to accept it. They wont accept it, and we shouldnt accept it. We have a great country. We cant keep it closed. Ive had doctors say, why dont we close it for a couple of years . This is the United States of america. Will some people be affected badly . Yes, but we have to get our country open, and we have to get it open soon. Alix Kevin Cirilli joins us with more. Good morning, kevin. Kevin good morning. The president returns from that trip to arizona, really signaling that he is going to be taking his message of reopening the economy back on the campaign trail in arizona, where polls have him trailing joe biden anywhere from 4 to 6 . Clea
Drowning in debt as never before ballooning government corporate and even Household Debt piles have some experts sounding the alarm on a potential debt bomb coming we have more on that in just a minute yes we do as you mentioned, energy helping to lead thisrally higher dont look now but the tech sector just turned positive for 2020 lets get to bob for more on the markets. Bob. Sdp you youre right. Who would have thought nnenergy was a break out. Yes the green chute story still per va prevails volume is light. Theres the s p near the highs of the day energy, i know you think this is crazy but energy is on the verge of breaking out to the highest levels since the whole thing started falling apart. Nice moves up here they look like vs. These charts right now i know that sounds crazy but the big story is tech. The technology s p sector, the largest sector in the s p just on the verge of turning positive for 2020 i said this many times when you get facebook, apple, amazon and microsoft up a