Nation. Just coming in, images of the sunset you and i observed last night. Imagineom, you cannot the change across this america. Forget about economics, finance, and investment. It looks like man delorean out there, lisa. Lisa really depressing to watch that orange sky over in the west and seeing the smoke come toward us. It is a political smoke, as well. Everything becomes that much more political in this year of 2020 as we head toward november. Tom jon, you nailed it on the United Kingdom earlier in the fictitious nature of our Unemployment Rate and the fed meeting tomorrow. I am going to summarize the backdrop, double digit unemployment. Jonathan unemployment and the u. K. Just north of 4 officially. It Means Nothing to anybody me living in the u. K. Right now. There is a Furlough Program tying a lot of people to the government, and that expires at the end of next month. A huge conversation on whether it. Xtend if it does not get extended, unemployment will go much higher very quic
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
It is time for the global exchange, where we bring you todays market moving news from around the world. Joining us on the phone from hong kong is karen leigh, from plus guytuart wallace, johnson, and bloombergs dani burger, and here in new york, bloombergs michael mckee. And hong kong, thousands marched through the citys financial district after demonstrations turned violent lester day violent yesterday. Karen leigh has the latest. They firedce saying more than 1400 rounds of tear gas at protesters yesterday, the 70th anniversary of communist party rule in china. People here came out to protest on that day. To give you an example of how big a number that is, that is more than half of the total number of tear gas rounds that have been fired over almost four months of protests. So a pretty big usage by the lease. We saw a lot of violence here yesterday. We saw a definite escalation when a protester was shot by live ammunition for the first time, something people here have been worried ab
Anna a very good morning, everybody. This is bloomberg daybreak europe. Lets talk about what happened with the Technology Universe and tech stock and into the asia session. Msci asia down, mixed trading but the overall sentiment is one that is negative as some of the Technology Stocks weakness we saw in the u. S. Falling through into the asian session. Fascinating to look at how the session developed yesterday. The markets inching higher early in the day, talk from janet yellen of broadbased growth and then tax cuts coming, lets sell some of those Technology Stocks. That seemed to be the realization that was going on in the market. I know you have more on that. More than 7 billion being lost by tech moguls. Nasdaq futures look to be flat at the moment. Well keep an eye on that for any followthrough. The pound is up a little bit, around. 5 . Talked about this in the program, on expectations that we could see a rate hike sooner than the market might of anticipated. The ftse was down the
Their highs. We have gotten more comments from jeff good luck. He says these not so much a bear on the s p 500 as he is a bull on volatility. After he made those comments we saw the vix take a leg up. As scarlet said, hanging onto gains. The incremental changes that have led us to all of these records for the s p and the dow have been very small. The daily incremental changes. Top of this the chart. It shows the daily change in the s p 500. Way backto go all the to april to find a 1 gain on a closing basis. We have had this series of records for the dow. Hasdaily grind to get there been a grind indeed with very small changes. Bigger changes are happening on the stock level. Correlations and stocks moving on an individual basis. Media stocks moving after earnings from a number of companies. Cbs doing better than competitors. Quite different from what we heard from big media companies. Shares of up 1 . We will hear from 21st century fox tomorrow. We heard from time. Revenue missed estima