Results, saying the missing 2. 1 billion euros on its Balance Sheet probably doesnt exist. Shift, the bank of england governor saying he gave officials more firepower in future cases. And no holds barred. Slam hongrass set to kongs National Security law when they hold talks today. We are live in brussels. Just over an hour away from cash trading. Arrows inking at red europe, more than one person , ftse futurescks a little down and dax futures off about 1. 5 . U. S. Futures are pointing higher. We see some slight gains, little gain, really unchanged. S p futures up to tens of 1 and nasdaq almost 3 10 of 1 . Gmm . Have you got on the its interesting we see the divergence in u. S. Futures and european futures, a little bit of catchup and European Equity markets. On a fairly flat session for asian markets, at least overall. Some weakness coming through in hong kong as a result of the security law, some more detail on that from china. A bit of weakness in the hong kong market. Broadly, flat
Now in the city. Is the tragedy and the high death toll could have been prevented if the regions leaders have acted so. Check on government subsidies and a level Playing Field for investors thats what dyou leaders are demanding from china as trade talks resume today china moves closer toward walk in brussels wants. To show me the money troubles of germanys why it. Says it appears to have lost accounts containing nearly 2000000000 euros. Welcome to the Program Alarm bells ringing here in germany after more than 1300 people tested. Was it to focus on a virus of the meat packing plant thousands of people have been quarantined in the western town of slope to try to prevent the disease from spreading further regional leaders say they are doing all they can to avoid reimposing a wider lockdown but criticism is growing of the Company Involved after video emerged showing that it failed to enforce rules on social distancing. Its an outbreak that has shocked germany day after day the number of i
Im brian thomas thanks so much for joining us today on the 1st of july germany will be assuming the presidency of the council of the European Union now this means that until the end of this year germany will chair the meetings of the council and will be tabling e. U. Legislation this morning on a macro will set out to the German Parliament her vision for europe and where it should be heading were seeing some live images right now for from that session thats just getting underway at the bundestag at this hour. The president of the german bund a cycle of gong show you blow will be addressing parliament 1st medicals statement is expected to include details of a massive stimulus package to all economies recover from the impact of the coded pandemic and plans for the distribution of a 1 point one trillion euro budget you have used chief Political Editor Michelle Acuff theyre standing by for us at this hour at the Parliament Good day to you michelle can you tell us about the priorities berli
Worlds attention will look at how Silicon Valley and the world of finance has really failed black people talk to the c. E. O. To fund black businesses. And state backed Cyber Attacks theyre nothing new but theyre also on the rise during the pandemic and the targets are the vaccine makers and the bar. These are i think we can all agree extraordinary times but zoom out and youll see the big picture is just as unpredictable were focusing on europe this week which is that a bit of a crossroads when you consider the pandemic as well as an expansive china and a retreating United States as we know President Trump has a habit of undermining his allies he surprised a lot of people by saying he plans to withdraw 9 and a half 1000 troops from germany and a decision to expand sanctions on a gas pipeline from russia to germany has been met with anger and belin. It is the rising threat from the east looming large not only chinas human rights record its aggression towards its neighbors but fears that
From the bloomberg terminal. A 2 trillion dollar wipeout. U. S. Equities see their worst rout in 12 weeks. Is there more to come . The precipice of disaster. Americas fourthlargest city but it may reimpose Steven Mnuchin says the country cannot close again. Plus, european banks close to Capital Requirements. Just under an hour away from the start of trading. Futureske a look at after the big drop we saw. Saw drops in asian stocks overnight. If you look at yesterdays cash a drop in the dax. 559 points. 559 point drop. In terms of u. S. Futures, we see a little bit of green on the screen. 1. 5 gains in s p and the dow. Can news on the u. K. Economy, lets get straight to that. The u. K. Economy shrank by 20. 4 . That is versus the previous month. Dropstimate had been for a of 18. 7 percent. 19 or so. It does show a stunning drop in output for the u. K. Economy during specifically the month of april. The u. K. Went into lockdown around the month of march. We are getting some other numbers