Working on holiday. When you look at the markets, they are probably range bound and that is where the nudgyness comes from. We have earnings in europe that will give insight and you have the spat between the u. S. And china, which is significant but is not translating into concrete market movement. Tom we will talk about china and a moment. Airlines front and center. Right now, with our first word news, here is ritika gupta. Ritika china may retaliate for the closing of its consulate in houston by targeting the u. S. Consulate in hong kong. That is according to the editor of the Chinese Communist party newspaper, global times. He writes the u. S. Has over 1000 staff and that means it is a spy center. The editors comments have regally been a tipoff to what the government does. They Trump Administration says republicans are considering a shortterm extension of the unemployment stimulus. Millions of americans received several mental payments that were included in the last coronavirus resc
Today about a labor picture. And the shift from a pandemic and furloughed over to a real question about job layoffs. Francine yeah. I think this is the time. In the u. K. , we had the many budget yesterday that gives a little more support to workers. If you look at most of the furlough schemes in the u. K. And what is happening in the u. S. , you can assume some of the money would run out by the end of the summer. This is the exact time to look at the permanent shift to the labor economy and what did come in two to three years. Tom we have a terrific our for you. We will talk to our guest about mr. Buffett, mergers, and acquisitions. We acquired the first word news in new york city. Ritika joe biden will call for a moderate approach toward reviving the u. S. Economy today. In his speech in pennsylvania, the democratic nominee will stay away from more ambitious proposals pushed by progressives. He plans covers several areas including a push to buy american and incentivize american jobs.
Hong kong are extraordinary, and the Prime Minister says he will take many citizens into the united kingdom. Is that right . Than 3absolutely, more million potentially hong kong citizens are being allowed citizenship in the united kingdom. Extraordinary developments in hong kong. Not a lot of clarity and it is difficult to see where the risks actually lie. Whether it is easy to abuse or difficult to apply. Tom i agree with you, strongly. I think there has been an getting totion of their friday morning, of getting into the weekend and the experience of each and every day. Our team in hong kong is working on that. Working on that 24 7. Now with our continued reports, our first word news, in new york city, here is ritika gupta. Ritika for the first time, u. S. Daily coronavirus cases rose above 50,000. There were increases in big states including texas, florida and california. California halted more reopenings as did new york city. Becoming is increasingly a disease of the young. Todays m
Texas is making face masks mandatory, while florida yet another record. The u. S. Senate approves sanctions on chinese officials over hong kong, as the u. K. Says it will not back down on a path to citizenship for around 3 million of the citys residents. Shery lets get a look at how markets are trading. We see u. S. Futures coming online down 0. 1 . We had gains across the board. You saw the s p 500 higher by 0. 5 . Materials and energy were up more than 1 . We had more positive Economic Data, betterthanexpected jobs numbers, although the optimism was tempered a bit by concerns about rising weekly jobless claims. To composedid manage again a record high. Take a look at what oil is doing, still above the 40 a barrel level, after seeing its highest finish since march. It was boosted by job Growth Numbers here in the u. S. , but also we have some supply optimism. We saw the biggest weekly decline of u. S. Stockpiles since 2019. Lets see how things are shaping up for the asian markets. We
March and early april. How is it in london and the United Kingdom . Is the same tension there . Francine attention remains around the world but i think if politiciandoner, a in the u. K. , france, and spain, look at states that reopened may be more quickly than others, maybe without the same precautions than others, to try to give you a sense of what you should be doing. In london, if you look at our rate of infection, still below 1. Boris johnson this week said bars could reopen july 4. We will see as the number of cases around the world increase, exactly if consumers will go out and spend like the Prime Minister has asked them to. Return one has done the to sport like english premier football. It has been extraordinary. Their distinctive from the disaster that is american sports. Speaking of that, jason kelly in february began a project in speaking to the basketball star lebron james. Little did mr. Kelly know that this would be an extraordinary moment for bloomberg and also the spea