My radarhich means is up. Francine lets get to first word news with ritika gupta. Ritika Mitch Mcconnell insists that businesses, schools, and other organizations be protected against coronavirus lawsuits, and that has bogged down talks over a new stemless package. Demanding that changes to Liability Law include wholesale in the legislation. Nancy pelosi says that shows he is not serious about reaching a deal. Federal reserve policy makers will turn their attention on how to jumpstart a stronger rebound from their sessions. They are all but set to keep their benchmark overnight rate unchanged when they wrap up their meeting today. The fed releases a statement at 2 00 p. M. New york time, Jerome Powell holding a News Conference 30 minutes later. Telln Ceo Jeff Bezos will will say that his customers his company he will strike a patriotic tone for his appearance before the house antitrust subcommittee. U. K. May loosen its coronavirus quarantine rules after a backlash from tourists and sp
Chancellors statement . Were they in strong agreement with him . Anna he has a lot of support within the story within the tory party. Good morning to you, tom. Rishi sunak thrown into this incredible task of managing the u. K. Economy through all this. He remains very popular within the party. Interesting to see from the other side of the political spectrum, the criticism that he is not done enough. Maybe he is saving something for the autumn, but it will be crucial to watch what happens with unemployment. That we have an end mechanism for the furlough scheme that has done so much to support employment for this country. How much happen and will employment spike . Thiswere people riveted to , the statement at the beginning that the pandemic is terrible. Were people riveted to his speech yesterday . Anna im not sure that riveted is a way to describe it. Earlier, that dominated the day to day conversation, the conservative party stepping in in a way that you might expect a Labour Governme
Operations as the pandemic wreaks havoc on its business model. Good morning, this is bloomberg surveillance. I am Francine Lacqua in london. Lets get to the headlines. Expectations of a 6 slump in the Global Economy, but a caveat hang if there is a second wave, which some economists are expecting, it would be a 7. 6 slump. The oecd is explaining what will happen if the economies stay open and there is a second wave and second lockdown. In theetween 6 slump Global Economy and 7. 6 if there is a second wave. The markets are focusing on the rally in a couple days ago. It is about the fed and what they will do today. Investors are waiting for the decision on monetary policy. Treasuries edging lower and crude oil retreating. Lets get to the first word news in london with any murder. Dani the World Health Organization is walking back its comment on the asymptomatic spread of coronavirus, a day it was very rare, it says it is unclear. The head of the unit says previous projections were a misu
Looking at the european stoxx 600, some downward pressure. The focus is on the trade deal. It is a partial trade deal. Will not round tariffs go into effect. A lot of focus on the chinese economy. The other big story is brexit. 125. 66 is where we are seeing cable at the negotiations are ongoing. And there is a brexit summit as we like to call it with eu leaders in brussels on thursday. Coming up on bloomberg surveillance we speak to the former fed governor. Nobel also expecting the prize in economics to be announced later today. Let us get straight to the bloomberg first word news from new york. Says he ist trump ready to go with more tariffs on turkey. This comes after the u. S. Withdrew troops from the north of the country but the move has pushed kurdish fighters into the arms of president assad. Forces from the Syrian Government are returning to the northeast for the first time in years. And spains top Court Sentenced cut elan separatists catalan separatists to 13 years. Former cat
Francine lacqua is at the london event. We will join her later in the show. Lets get you through some of the Wild Movement in Global Markets. It was risk on. Believe that the chinese delegation was looking at a broad area of subjects, but now the latest lines coming through around basketball broadcasts. Now a warning from the chinese side. China sang stay tuned for a retaliation when it comes to the blacklisting of Chinese Companies by the u. S. Government. The market in the last five to 10 minutes is clearly turning. U. S. Equity futures 0. 1 lower. Gold, same story, flipping around, now higher. Trepidation percolating throughout the classes. The aussie dollar coming off the highs of the session. Other surveillance points to look out for. Francine. K. Time will be speaking to the chief executive of Fidelity International. Dodds half past 9 00 london time. Chinese state tv halting broadcasts of the National Basketball association games, saying the backlash intensifies over a tweet expr