Lets check quickly on the markets. If you look at the markets, and a lot of them are looking at the concerning news or news brexit is going to weigh markets were hoping. The stocks european 600, down and the pound, looking to see if there is any swing on that. 1. 3243. Lets get to the first word news with leighann gerrans. A british official says brexit talks need to show progress by tonight if they are to continue. European unions chief negotiator is said to have denied any breakthrough on the issue of fishing license. Boris johnson is due to speak with the Commission President ursula von der leyen. Donald trump says his personal lawyer Rudy Giuliani has tested positive for coronavirus. The New York Times says the 76yearold was admitted to hospital yesterday. The president wished him well. Giulianis son tweeted his well. Is feeling the u. S. Is said to be ready to sanction more chinese officials over the role of the recent disqualification of hong kong legislators. Familiar,to people
The u. S. Could get a covid19 vaccine before the yearend. Astrazeneca resumes its trial after last weeks pause. Boris johnson growing rebellion as his controversial bill is defended in parliament. Brussels will keep an eye on the development in a call with president xi. A. M. 96 billion worth of deals from pharma to tech. What strikes me is the amount of cash being used to do the deals. Good morning. Certainly a number of deals across the sector. The one im interested in his tiktok. Larry ellison seems to have won the race for the u. S. Business. And then there is the regulatory hurdle. U. S. , the European Union, and china. What do trade tensions mean for this deal . Manus the other thing is Larry Ellison and mr. Trump were closely aligned. Why would oracle by tiktok . I want to focus on the structure of the deal. Three quarters of the gilead deal is in cash. Nvidia, 50 in cash. The oracle deal is about the playing cash, but it is nowhere near what it was in 2015. Good morning. Annmar
Coronavirus cases and political tensions. The Trump Administration rejects beijings claims in the South China Sea, accusing it of bullying. The u. K. Is set to ban huawei from its 5g mobile network. The plan would mean British Companies need to remove huawei infrastructure by 2027. Welcome to the program, everybody. Lets check out the futures. Lots of moving parts in terms of the market action. Lots of geopolitics to talk about as well. We have futures pointing to the downside in europe. We have to play a little bit of catchup with the united states. Lets get to some of the breaking news out of the u. K. That is certainly going to be one of the focuses in our program. The u. K. Economy shrank by 19. 1 in the three months ending in may. Getting a three month figure. Main manufacturing production rising by 8. 4 . Somecoming out manufacturing facilities coming out of the Strict Lockdown measures, working out how to manufacture in the current environment with covid safe practices. Mayecono
Bigger. Astrazeneca approaches gilead for what would be the Largest Health care deal in history. A joint company would be worth almost . 25 trillion. Cheaters. Brents eightday streak is the longest since february as opecplus seals a deal to extend output cuts but worries persist that some nations may not to the line. Payrolls rebound. On employment in america declined. The surprise jobs bounceback does not apply to black americans. Colin powell turns against trumps threat to use troops against protesters. Lets take a look at what is going on in futures. European futures are not pointing higher right now. We get german industrial output following more than expected. 17. 9 month over month, extending a 16. 5 drop. But even before this news which is just breaking right now on the german economy, we have european futures down. Not seeing the same kind of gains that the u. S. Markets saw after those jobs numbers came out, so not catching up to the u. S. Market. That said, european stocks ha
Italy pare down its economy to essential services. The United States tells citizens to reconsider travel abroad. 125,000. Ses to pass manus warm welcome to daybreak europe. A spectacular implosion in confidence in structures, government response, and the fiscal response from the United States. We have recovered some of the ground, 1. 5 . Australia edges a bear market. Travelstaring into a no edict from the United States of america. 17 trillion in aussie response mechanisms on stimulus. Trying to avoid a recession for the first time in 30 years. To the bond market, jp morgan warned very clearly about the threat to the bond market. 0. 5 is on the way. Trump spoke and they shredded the treasury market. Down by 15 basis points. The fed is galvanizing itself. , 175 billion. O global headt is the of flow Strategy Solutions at societe generale. Good to have you with me. First take, i would say it is an implosion of trust in confidence in response from the u. S. It clearly is a major issue. Wh