Cash trade. Here are your top headlines from the bloomberg terminal. Trumpa on the defensive. The president stands by his handling of the coronavirus on day one of the Republican National convention. Says democrats are still blaming America First Nikki Haley Says democrats are still blaming America First. The chinese arrives in europe today. Demandsla merkel answers from russia after it was putin critict the was likely poisoned. We have figures crossing the wire right now. The German Economy shrank 9. 7 in the second quarter. The initial estimate was for a drop of 10 point 1 . This is a second look here, and so it looks like it is a little better than expected. Still, of course, a massive drop , the quarter over quarter figure. The yearoveryear figure is a drop of 11. 3 , so a big drop in the german gdp. That the bloomberg economists expect a rebound in the second half, and of fullyear drop of about 6 for 2020. Lets take a look at what futures are telling us after the new record highs
Well. Down as we have seen some more dollar weakness. We are kind of teetering. The market is kind of nervous about whether we are seen stretched positions in the dollar. And we are now, as you can see, still negative when it comes to the jones, but the data generally generally positive today out of germany. Lets talk more about what is happening in the industrial heartland of europe. Lets get more insight on what is happening with that german data. On efo president earlier about things improving. Lets listen. The recovery is on track. With the gdp progress slightly better than what we had a couple weeks ago and the revision and the Climate Index continues to increase, to recover, this time it is not just the expectation. It is really the situation that is improving. Guy a little bit earlier on, i mentioned the mixed news we are getting out of the li sector. We have now out of the airline sector. Airlines in america cutting jobs if federal aid lapses. October 1, we could potentially se
A new situations and a feeling of being abducted one mans long battle to overcome covert 19. Consistently important new like. Important places. And china wants the u. K. Over interference in hong kong as britain scraps an extradition treaty with its former colonies. I delayed Intelligence Report on russian interference in u. K. Politics has just been released it says theres evidence moscow has tried to meddle in elections it also says there is credible information that russia attempted to influence the 2014 Scottish Independence Referendum Committee says its hard to prove interference in the 2016 braggs it referendum but the u. K. Was slow to recognize the threat and it warns russias cyber capability is a matter of grave concern that poses an immediate threat to Britains National security but reacting to the report the u. K. Government says it isnt being complacent when it comes to the flow of russian money into the country. What we do know about russian influence in the u. K. Is that
Any covered 19 vaccine to be free and available to everyone. Rotavirus has entered the Worlds Largest refugee camp with 2 cases reported among the remainder population in bangladesh. But in this news all with jobless figures out of the United States there are 3000000 people have filed for Unemployment Benefits in the last 7 days and brings the nationwide figure to more than 36000000 since coronavirus lockdowns began and mid march our White House Correspondent Kelly Holcomb joins us now live so kimberly these numbers are really painting an increasingly grim picture. Yes and the numbers are expected to rise for a few more weeks at least were in the mid 30000000 mark of the number of americans that are filed jobless claims its supposed to go at least 10000000 higher once all of these claims have been processed because what were seeing initially was the 1st wave in the areas of restaurants and retail but as businesses other businesses sort of realized that this economy is not going to open
With the world news from aljazeera russia has reported a record rise in new covert 19 infections for the 4th day. Heading 425000. And also south koreas governing party makes huge gains in what is the 1st National Election to be held during the panda. Is 1100 hours g. M. T. 7 am in washington where president didnt President Donald Trump has halted u. S. Funding to the World Health Organization he is accusing it of mishandling the outbreak and failing in its own duties he also says the agency covered up how the virus was spreading out of china the u. S. Is the biggest donor to the w. H. O. Contributing nearly 15 percent of its budget well start with this report from mike hanna. In what has become a pattern president trying to use his podium to parade reporters if you keep talking ill leave and you can have it out with the rest of these people if you keep talking im going to leave and you can have it out with them its just allowed me to introduce a number of prominent members of big busin