Reached the number of delegates to secure the nomination. It happened on the very same night that President Joe Biden clinched the democratic nomination which means the stakes are set us before. As donald trump will be on the ballot, the 2024 election will not be defined by Big Policy Debates or disagreements between the two candidates and parties of which there are many, but rather by a very basic question whether or not we want our democracy to continue as we know it. Because donald trump has made it clear in public speeches and announcements he will take a Wrecking Ball to the rule of law, he will pardon the january 6th insurrectionists. And he will serve in his own words, this is a quote, a dictator on day one. Voters who go to the polls in a few months have to answer the question whether the 248year democratic experiment sees its birthday . That choice has been laid out in stark detail, voices not just on the left or center, but also the far right. Remember this, from liz cheney.
June 8. We are getting data one hour from now. Lets quickly get to the markets. The pound definitely, the story of the day, dropping. I would point to the latest polls by u. K. Government. We have our London Bureau chief joining us to look at what a Hung Parliament could look like, and whether we believe the p olls or not. He vix, down from 1. 8 virtually600, unchanged. Lets get straight to the bloomberg first word news. Reporter in afghanistan, as many as 80 people have been killed and 350 injured in a suicide car bombing. There was a rate on the countrys Largest Military hospital in march. The u. S. Says the first ever test of the Defense System against an Intercontinental Ballistic Missile was a success. This was after a groundbased interceptor shot down a mock weapon over the pacific ocean. This comes amid mounting tensions with north korea. Reynard says soft inflation could make us rethink the path forward for Monetary Policy, should it linger. U. S. Growth looks poised to rebound
Surveillance. I am Francine Lacqua in london. We start with data. It is eurozone pmi figures. They are just below expectations. When you look at the euro area in january, services pmi fell to 53. 6. Economists were forecasting 53. 8. When you look at the manufacturing pmi, it rises to 55. 1. Pointrecast was that 54 eight. Anything above 50 indicates an expansion. Services a little bit below manufacturingbut better than expectations. Lets get straight to the markets to see whether there is a bit of dollareuro movement. The is my picture for markets. Watch out, as always, for the dollar. It has been erasing some of the earlier losses. Emerging stocks are gaining. This is the picture for the european stocks, putting much flat. 1. 2502. D currently a lot of weakness on the turkish lira. The msci world index overall a touch up. We will have plenty more from the markets. First, lets get to the first word news. Here is nejra cehic. Nejra donald trump has pulled the u. S. From the Transpacific
Through the nikkei cited 1. 2 and the stronger again and uncertainty over the administration is paired train to facebook revenues to Fund Expectations yet again and well find out how popular and the sunrise over the holidays when it reports quarterly profit. Lauren factory hit early and often as the golden day warriors in the Charlotte Hornets and the fourthquarter magic filled the Boston Celtics rallied over the Toronto Raptors. Nicole 5 01 a. M. There is taken in february 2nd and its groundhog day. We will see what says if he sees his shadow. Welcome to fbn am, your first look at todays markets in the latest breaking news. Lauren to the photographer to get out of the way. The former exxonmobil ceo officially sworn in as secretary of state by mike penn in a ceremony at the white house last night. President trump is also there and had a few words. This is where youre meant to be, right here today at this crossroads in history. Its trying to bring a focus of Foreign Affairs committee ta
This is bloomberg surveillance. We are getting pmi figures out of the eurozone, and this is what they are showing. This is for the month of february. Services pmi rising more than expected, 55. 6. He spoke to economists who forecast a figure of 53. 7. Everything above 50 means it is expansionary. Manufacturing also rising a little better than expected. That is at 55. 5. The forecast was 55. I want to see the full breakdown, but we did have a earlier figures in manufacturing pmi from germany that were much better than expected. This is big for eurodollar. Lets get on to the rest of the markets. The one thing i want to show you is hsbc. That stock under pressure today. It did miss profit estimates as the revenue was dropping. It has had to say it will cut more costs. Still the biggest loser in europe in terms of the equity markets. Down 6 . Stocks are pretty unchanged overall. On a case basis, depending on the earnings. We once again talk about politics and risk in europe with those Fren