That. Lets get to bloomberg first word news in new york city with tika group to. Ritika good morning. The deadline for the president says if the bytok corporate cannot sell september 14, it will be shut down. Bloomberg learned a deal is unlikely by next week because new chinese regulations complicated negotiations with bidders, microsoft and oracle. The usdas telling drugmakers they will have to meet a higher standard. Emergency authorization for coronavirus vaccines. The agency will require more data than usual about how well it works. Officials are trying to reassure the public they will not get politicalve into pressure to approve a vaccine prematurely. Prime minister Boris Johnsons government turned down an e. U. Request to scrap his plan to rewrite the brexit divorce agreement. That risk jeopardizing assets to get a trade deal between the two sides before the december 31 deadline. President trump and joe biden will mark the 19th anniversary of the 9 11 attacks in the same place bu
To the importance of signal of folding below a 1 year yield. The twoyear is many people will be discussing emergency fed action. Francine yes, i think that will permeate through what we look at everyday, bond markets around the. World lets get to the first word news first word news in new york city with vienna or title. Viviana we begin with the first moving developments to the coronavirus fastbreak. The japanese island of hokkaido went quiet after the governor declared a state of emergency. New zealand and lithuania putting their first infections. South korea has more than 2000 cases. The u. S. Is moving to expand the number of people being tested. Health Authorities Say they will test anyone with unexplained severe respiratory illnesses. J. P. Morgan is joining other Corporate Giants in restricting travel, the bank saying International Business trips will be limited to a social travel only. Previously they had limited travel only two regions hardhit whether coronavirus. Oil is on tra
These are your markets. There seems to have been the u. S. Saying they will remove the threat in china, which is why we have seen a little bit of moves. Awaye exactly seven days from that election. Opec meets in vienna, brent crude at 62. 91. Moncler, really the stock of the day after that report that kering, the owner of gucci, was interested in buying moncler. They do jackets for the winter, skiing jackets now turned into fashion. That stock price has gained 9. 2 . Moncler at 42. 40 two. Coming up, we talk all things fx. It thing or two to say about the pound. We will also talk about emerging markets. Lets get straight to the bloomberg first word news in new york city. We begin with fiscal stimulus. Japans government pulling out all the stops. Tokyo announcing measures to support growth as the economy contends with an export slump and the fallout from the sales hike. We have learned the total package amounts and is expected to boost growth by 1. 4 . An unexpected hold in india. R. B.
We have an important interview coming up. But first, lets check in on the markets. The institute has cut its growth forecast. We did have worries about germany and the labor market and some of the things internally. That has a lot to do with trade. A lot are saying that if you look at the composition of the world, is probably the European Union that takes the brunt of all of these concerns. ,uropean stocks are fluctuating but if you look at the stoxx 600 , investors are trying to figure out exactly what kind of clues they will get after these miserable manufacturing numbers. Coming up, a great guest lineup here in italy. We speak to the former italian Prime Minister. Well also talk to the chief executive of a general of generale and the chief executive of campari. Now lets get straight to first word news in your city. Hong kong protesters were planning a fresh round of disruption after clashes sublease shoot a demonstrated for the first time in the demonstrations began. Local media rep
Lets call it 2600 on the dow jones. The hundred on the russell 2000. 1500 on the russell 2000. Caroline volumes down. Lets get a deep dive. Mike i am watching the bloomberg agricultural sub index. A rebound over the summer in commodities has basically completely faded, and that leaves this index new the lowest it has been. As we gauge inflation, districts very well with this tracks very well with bond yields. Corn and soybean. Obviously, the trade tensions with china is hurting crop prices. But there is another thing, the epa decided to give 31 refineries exemption from biofuel acquirements. This is pitting the Energy Department and epa against the Agricultural Sector of the economy. Bloomberg is reporting that there was a meeting today to try to figure out ways to boost ethanol demand. It is not clear that any of these measures will be taken in force. Abigail with stocks trading lower, it is not a surprise it was a risk off day. Bond futures are higher, gold futures, and japanese yen