i am francine lacqua here in london. a lot going on in the markets. of course we will continue to follow credit suisse after the resignation of tidjane thiam. downside,it to the but starting less than they were at half an hour ago. u.s. jobscus on report today for any indication earlye could have seen signs of the virus impacting u.s. economy. we are not expecting anything on that. it is actually quite backward looking, but we do follow any corporate news to see whether they lower their forecast because of what is happening in china. we had burberry do that earlier. renminbi.e let s get straight to first word news with viviana hurtado in new york city. viviana: we begin with the coronavirus. the chinese doctor who warned about it back in early january has died. . weeks ago, he was visited by police and sanction for rumormongering. his death is now one of the 630 plus now reported. the number of coronavirus infections climbing to more than 31,000. beijing is lashing out at cou
Data points in a straily a disappointed investors. Im looking at this litmus test to see if it is a risk on risk. 166. 7 112. 67. We sit downhour, with the rbs chairman. Howard davis will talk exit and the ranking landscape. Later on, we will speak to the Deutsche Bank chief economist, david for kurtzlandau folkertzlandua. Nejra theresa may is expected to propose two simin another proposal for brexit. Reporters were told yesterday that quote, having consulted with the people of london, she wants to come back with some tests. European officials are said to be flexible over a deadline, as they appear to seem talks move on to trade. Trumpst donald decision to recognize jerusalem as israels capital has prompted condemnation from global leaders, and protest in the middle east, raising concerns raise move could new violence. It is time to officially recognize jerusalem is the capital of israel, and the u. S. Can start its process of moving its embassy to the city. Israel is aump subornation
You are very welcome to the pulse. European leaders are speaking openly about the possibility of a grexit and say they now have a detailed plan in place in case black scenario happens. They have said sunday is the deadline for greece to accept a rescue or risk in booted out of the euro. For mroore we are joined by guy johnson in athens and hans nichols in berlin. Hes i nn brussels, excuse me,. Lets talk to guy. Guy, obviously, these banks are still close. Whats it like in greece at the moment . Guy well, people are beginning to wonder when they are going to open. What is interesting is youve got money pooling in certain areas of the economy and we need the Banking System to restart in order for this money to start moving around the system in the way this meant to do. The question is come next week what kind of money are we talking about . There is deadline come sunday. People are talking openly about a grexit. It is not going to be the flicking of us which. Youre not going to see greec
Brendan the Chinese Government seems to be in full panic trying to throw things at this to see what they can fix. Tom we mentioned barclays news. Jenkins is out at barclays. Here is vonnie quinn. Vonnie another round of Government Support measures the benchmark shanghai composite index is down more than 30 since june 12 through investors have suffered more than 3 trillion loss on paper. The Chinese Government has taken steps to prop up more cap stocks. At one point participants were locked out of 71 of the market. Foreign investors continue to sell holdings at a record pace. European leaders have given greece a new deadline. Expect a rescue plan by sunday or face being kicked out of the euro. The greek government is told to come up with new proposals. Angela merkel says she is not optimistic. This morning at the european parliament, the greek Prime Minister promised to deliver. Prime minister Singh Tsipras i am confident in the few days we are able to meet the obligations of the crucia
Will determine whether the country gets a new bailout. Prime minister Alexis Tsipras is counting on members of the opposition to get the plan through. Last night the Prime Minister said he agreed to the deal only because he had a knife on my neck. The result of the euro summit and the eurogroup was the result from the pressure put on a country and on a people who have decided to go in different way. Vonnie a new report questions whether greece can deliver those Economic Reforms without debt restructuring. In china, betterthanexpected news about the economy did not boost investor confidence. The benchmark shanghai index fell. Earlier china said secondquarter gdp rose at an annual rate of 7 , which beat estimates. Chinas central bank has cut Interest Rates four time since last november. The fight over the Iranian Nuclear deal has shifted from vienna to capitol hill. Negotiators said the agreement would prevent iran from building a nuclear weapon. But hours after the announcement, House S