3000 jobs will be cut under bains new ownership. Bain capital ownership, which in addition to these details relating to jobs, we are also expecting to hear about aircraft fleet and the future as well, this after bain bought Virgin Australia in what is a pretty bold that on an industry that has been shattered by the travel restrictions and the coronavirus pandemic. Virgin australia committed to regional and charter flying. Of targetsindication and priorities when they are restructured in addition to 3000 jobs being cut. Also getting data out of australia. Manufacturing pmi, services as well as composite index coming through. Dropping from that preliminary number for july. The composite number of 67. 8 also a little bit weaker. The performance of Construction Index coming in at 42. 7, higher than 39. 5. Lets take a look at the aussie dollar. Largely to do with the situation in victoria. We have that renewed lockdown, stricter stage four restrictions. At this time, later on today and tomo
This is bloomberg surveillance. I am Francine Lacqua in london. Markets, thet the volatility swings we saw is moving to currencies. European stocks have been fluctuating, they are flat right now. They were higher a couple minutes ago. Oil is higher today after china unveiled plans to boost its reserves. If you look at brent, they were 12 higher, now they are 9 higher. Treasuries slipping along with the dollar. Lets get to the bloomberg first word news. China says it acted in an open and transparent manner when it comes to the coronavirus, after u. S. Intelligence reports said beijing concealed the extent of the outbreak. Two sources say chinese numbers were fake, that includes underreporting total cases and deaths. The pentagon is looking to provide as many as 100,000 military body bags for potential civilian use, as the u. S. Warns deaths could soar in the coming weeks. To a dealon is close with a contractor. It will send it to fema. Now to eu nations, they are setting out competing v
Treasury, the efforts to stimulate an economy in free fall jim, you got off a call or an interview it was a call as well with secretary mnuchin what stood out to you . That you shouldnt lay people off. I want to point out i got a correction, he said on Small Business payroll, two weeks, he meant two months two months means you do not lay people off without, i think im not saying its irresponsible but everything is being done to keep businesses open Small Businesses open. David, with the fed, i think theyve taken off to me anything involving credit the secretary talked about anything involving liquidity we cant produce demand. You keep people around for two months, but they wont be able to produce demand. There will still be a burden on Small Business not sure how that will be resolved thats an interesting point jim, we did we were watching the futures, which appeared to be limited down at different points in it the evening last night after japan opened as well then we got a fed announc
I was a student i wanted to build a life for myself. But suddenly life became how much counts on. Providing insights global news that matters d. W. Made for mines. The. Trouble in paradise the seychelles once troops rolled back its biggest money spinner tourism more visitors mean more money what about the environment. Far from silky smooth chinas new silk road faces more criticism over transparency good luck about says must say its not a 2 way street. Wise africa tries fixing cocoa prices to combat fall of poverty but there are reports global chop makers are undermined. Its if its. Been physical and lets do business 1st this new south African Airways has announced its selling some of its aircraft the cash strapped carry a is shedding 9 of its air bus 340 planes like this one along with several spare engines it says the sale is to make space for new aircraft it is not linked to the state owned Companies Rescue process South Africans unions have warned the airlines could have to suspend
Watch them at work. And i discuss what you can do to improve your head. Stay tuned and lets all try to stay. Calm d. W. Trouble in paradise the seychelles once threw back its biggest money spinner tourism more visitors mean more money what about the environment. Far from silky smooth chinas new silk road faces more criticism over transparency and lack of access say its not just a 2 way street. I once asked for a curry tries fixing cocoa prices to combat poverty but there are reports global chocolate makers are undermining itself its. Been physical and lets do business 1st this new south African Airways has announced its selling some of its aircraft the cash strapped carry a is shedding 9 of its air bus 340 planes like this one along with several spare engines it says the sale is to make space for new aircraft it is not linked to the state owned Companies Rescue process South Africans unions have warned the airlines could have to suspend flights and delay salary payments if it doesnt re