Point on renault. There is no question the labor economy overwhelms everything else. The depression of labor is absolutely front and center into this week. With all the other news and distractions as well, the labor economy, globally, is stunningly week. Francine we will have a lot of folks on unemployment across the world. Ritika in minneapolis, a third night of violent protests over the death of a black man who died in police custody. Protesters torched a Police Station and a number of businesses were also burned. Demonstrations spread to other cities in kentucky over another police shooting. The president called the rioters thugs and threatened to send in the national guard. This came hours after the president issued an executive order seeking liability protection. Earlier this week, twitter began selected factchecks of his tweets. Today, President Trump will announce his response to chinas crackdown on hong kong. The president says he is not happy with new legislation that curves f
How has his week been . Francine it is been a tough week. Lets putain said, the scandal and angle over one of his top advisers driving to his family home in the middle of a lockdown, he is hoping with the gradual reopening of the economy people will be behind him more than they have in. They have been. There is a big figure in terms of euro area inflation close to zero which will put pressure on the ecb to act next week. Tom no question that disinflationary tendency of may with every indication will migrate into june. The jobs report front and center a week from today. Now, our first word news. Ritika in minneapolis, the third night of violent protests over the death of george floyd, a black man who died in police custody. Protesters torched a Police Station and businesses were burned. Moved to other cities. On twitter, President Trump blasted the mayor of minneapolis , called the rioters bugs, gs, and threatened to call in the national guard. The president signed an executive order to
We are thrilled you are with us on Bloomberg Radio across this nation and worldwide, and on Bloomberg Television as well, and on a friday as we leap into june. We are looking at any number of topics. One of the great things we know is the twitter uproar, and then the tragedy we see in minneapolis, and then china front and center. President s press conference, believed to be this afternoon. Jonathan and what is the focus of that News Conference going to be . It is going to be it is supposed to be on china, but i imagine we get distracted by domestic issues quickly. We have rebuilt this Risk Appetite in the more cyclical areas of this market in the last couple of weeks. It comes at a time when tension between china and the United States is building. I think that is a really interesting compare and contrast are that 60 minutes. Tom for our global wall street audience on television, on radio, theres no question it is a reset for june. Many people thought this pandemic would be over in june
Including chicago and los angeles as the unrest targets, temporarily closes Stores Across the nation. The hang seng pushes higher after President Trump stopped short of sanctions over beijings new security law. Asian pmi shows chinas recovery continues. A warm welcome to bloomberg daybreak europe. 86 00 a. M. In london. Annmarie hordern joins us. We have got to understand, the ofgers on the streets america, the danger to human life, the danger to reopening, and the death rate. Real,mentum is really very palpable, we need to understand how markets post price those. We have more unrest this evening after a weekend of protests across the entire nation, coasttocoast. Chicago, new york, boston, d. C. Some starting peacefully but ending with quite violent scenes as you have seen displayed across the news. I want to give you a sense of what the new york papers lead with this week, the new york times, spreading unrest leads nation on edge. Completely up in flames, some of the cities. The daily
Domestic and geopolitical tensions, everything from what is going on in minneapolis to the president versus twitter. We will obviously be taking you through those stories and a lot more throughout the day. The s p 500 is down 0. 25 . Dollar general is once again the best performer today, but retailers lower in the s p, from gap to nordstrom. Harley davidson down 7 , matt. I know you take a special interest in harley. Yuan something we are at. Ng a close look some pretty broad we getting this last week. Right now offshore, the yuan is 7. 1666. At the dollar has been weaker, but it has also been above 99 this week as well, so plenty of whippy action for the dollar index. Gold futures up 0. 8 . A lot of fed speak as well. We will be discussing what Loretta Mester said to bloomberg a little earlier on in a few moments, and we have Jerome Powell coming up in the next hour. 6 t Harley Davidson down yesterday, so it has lost basically 1 10 of its value over the last couple of trading sessions