The wrong guy, the wrong night, the wrong time. Biden and donald trump clash on issues from the economy to covid in an ill tempered debate. Biden says the president panicked and just looked at the stock market. The quotetrump blames china plague for hurting the u. S. And says beijing eight bidens lunch. Fresh pmi data showed the nations recovery is gaining pace. Lower asocks tick the month draws to a close. The markets will watch a speech from the ecb president. German inflation drops below zero. 6 00 a. M. In london. 7 00 a. M. In frankfurt. Annmarie hordern, good morning. It was a shouting match. It is interesting biden went after trump in regards to being putins puppy and the wealth differential. Noise it was. Little substance, a lot of chaos. 34 days until the u. S. President ial election. Westin, to David Franklin said amongst the swing chris, they thought wallace was the winner. He tried to bring decorum back to the debate. I will call it chaos, he called it a hot mess. Manus bid
Address in the next few months. One issue onver which i can be decisive today. And i think all members of the governing council will agree with me. We must explain much better to the general public what we are doing and why we are doing it. People thattalk to we do not normally reach. This imperative has to cascade the role elements of our review, our inflation name, our inflation measure, our tools, and their effectiveness, and how we take into account new challenges that people actually care about. The housing costs, but also Climate Change and inequality. Im fully committed to that. Monetary policy can only be credible, mind you, if we ensure that our goals are truly understood and shared by the people we serve. I think you very much for your attention. That was Christine Lagarde, the president of the European Central bank with an important speech of about 4045 minutes. The focus has been on inflation. There are a couple of things we need to look into and we have reaction from laura
Madrid could announce a state of emergency today. A golden reopening. Beijing is back to work efforts week long holiday. Chinese equities and the yuan outperform. Very good morning to you. 6 00 a. M. In the city of london. Happy friday. Its one week since we learned the president of the United States tested positive for covid19. D. C. Politics is messy. We will talk about that a little bit later. We are 25 days away from the u. S. Election. Some optimism that we have had a bit of shift on stimulus in the white house. Nancy pelosi, Steven Mnuchin, are talking again, but many skeptical we will see support. The hope of that is moving markets this morning. S p 500 futures to the upside this morning alongside euro futures as well. Chinese equities outperforming. We are up more than 2 this morning, 1 00 p. M. In beijing. China is back to work after golden week. Its back with some good optimistic measures when you look at the equities space. The bloomberg dollar index lower against all of g10
An inperson showdown. Commission holds firm it will be virtual. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. Stimulus talks could be closer, or at least they. Are back on the agenda. Here is what. I am looking at across the board. Is movingr yield attached, dollar declining, global stocks rising as the white house appeared to shift track, which signaled it is open to a large. Later on surveillance, we talked to armand sarkissian, 9 30 a. M. U. K. Time. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Leighann the debate will happen. The commission organizes it insists it will be virtual, but President Trump says he will not debate,t in a virtual calling the commission a joke. He is calling for to be rescheduled, but joe biden is rejecting that. He says the president pulled out, not joe biden. As dailyaximum alert coronavirus cases exceed 18,000 for a second strai
Onnce places restrictions more cities. Pedro sanchez calling an extraordinary meeting. House signals it is open to a comprehensive plan shifting its stance as a result. Pushed higher. Gorman goes hunting. Morgan stanley steals a 7 billion deal for the purchase of eaton vance. From our interview with the ceo itself. Himself. Lets look at what futures are doing. Green arrows. See, they are incredibly slight. Not even 0. 1 . The percent missed price indicating a higher open then futures are showing you right now. U. S. Futurest the after stimulus talk. It will more directly affect the u. S. Economy. Nasdaq, dow jones and futures up 0. 4. Breaking news coming through. Lets get to that. First on the macro front. The u. K. Economy, clocking in some growth figures looking to be much worse than the market anticipated. The u. K. Economy grew at 2. 1 in the month of august. The estimate was 4. 6 . We were expecting that rate of growth compared to previous months to come down. A bounce in june, t