They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
Talks continue into today. The s p global is in advanced talks to buy ihs mobile markets in what would be one of the biggest deals of the year. A very warm welcome to the program, everybody. Just under one hour away from the start of cash equity trading for European Equity markets. Good to be back in the studio. Thats have a look at the future is and what they tell us about where we are headed this monday morning. Futures dont look great. European features move to the downside. The Asian Session has been fairly negative. These have been record months for global stocks. Rebalancing at the end of the month perhaps is part of the story here. We will talk to the market live team about this shortly. Lets take a look at what is going on on the gmm. Some of the weakest in the weakness in the Asian Session, down one point 3 on the msci asia pacific. Indonesia under pressure. A host of emerging markets under pressure. China outperforming a little today. The Manufacturing Activity we referenced
Could the feds meeting be a catalyst for gains . Wrote erode. Dont miss our conversation with the ceo of automaker psa group. We saw gains on the s p 500. The benchmark erasing last weeks drop. The rebound in tech stocks overshadowing a slide in banks. Futures on the front foot today. Postinguropean futures gains after we saw europes benchmark close in the red yesterday. Pretty much flat right now. The 10 year yield back above. The dollar at a 22 month low. Gold futures touching 2000. If you look at the spot price we are trading at 1009 hundred 45 an ounce, edging up 0. 2 . Havee republicans presented a rescue plan to bolster the u. S. Economy. Before that, breaking headlines. 300 millionabout euros as an impairment in the secondquarter results. That is the headline just crossing from ing. We will bring more details as we get them. It is booking a 300 million euro as an impairment in secondquarter results. We have a line coming through from delivery hero, raising its guidance after gro
The cash trade is one hour away. Lets get your top headlines for you off the bloomberg terminal. Trump signsnald executive orders blocking u. S. Residents from doing business with tiktok and wechat. Shares in tencent plummet. The white house and democrats failed to strike a deal on stimulus. Trumps chief of staff says the differences are still significant as the july jobs report looms. We will speak shortly with Standard Life aberdeens deals, flows,bout and his successor. Results are crossing the wire as we speak. Annmarie, what do you see . Annmarie looks like it is a beach. Eps comes in at 7. 0 pounds. And then the first half adjusted pretax is 190 5 Million Pounds. The estimate was just under 180 so that is a beach and we will dig down deeper into these earnings when we have the ceo, next. I know you have some news coming out of berlin right now. Matt that is right. We have Industrial Production right now out of germany. Pretty backward looking because it is data from the month of j
The dow is down 538, s p, nasdaq red as well. Now, right now, i want to show you live pictures of the white house. We have just been told that we are going to be waiting for the president to sign the 2 trillion coronavirus stimulus package, the house just passed that about an hour ago. Liz is going to have some info on some of the beatendown businesses left out of the massive rescue plan. We are watching the white house. We are going to bring you that event when it starts live right here on fox business. And the work and learn from home culture gets off the ground. There is one company thats working to get your business set up for this new reality. We have got a fox business exclusive with the ceo of avaya and the Remote Work Solutions its been using from wuhan to italy to here at home. Plus avoiding the Doctors Office is a big priority as the u. S. Becomes the epicenter of the covid19 pandemic. A Company Delivers Telehealth Services to doctors and patients, they do all of this remotel