Tom yesterday was extraordinary. We are still regrouping in new york from the news flow yesterday of transactions and of course of the president of the United States. The number one breaking story here in the zeitgeist of the east coast is that the president appears to be healthy, and the real decision for him today is, does he do a rally tomorrow in one of these key battleground states . That seems to be the topic is topiceck the topic the du jour. Francine lets get to first word news in new york city with ritika gupta. Ritika the white house is once again shifting its position on a stimulus package. Treasury secretary Steven Mnuchin told House Speaker nancy pelosi the administration now once an agreement on a largescale relief bill. Earlier this week, they president pulled negotiators from talks on comprehensive legislation. Officials are keeping up the pressure on washington to renew fiscal support for the economy. Dallas fed president Robert Kaplan sees a Slower Economy without mor
Discussion this evening. Francine we are not brexit free, i have just been sparing you. We have actually been increasing the numbers of icu beds because people need them more. And brexit negotiations are ongoing. There is still the selfimposed deadline of october 15. ,om and i want to make clear the case dynamics in europe are extraordinary for the slopes of those curves are distressing. Its been an extraordinary thursday. Thank you to our team for an incredible news flow. It seems like we are doing the same thing today, we are waiting for washington to wake up and drive forward. Heres riddick group to with the first word news. With first word news. The Global Food Program was honored with the Nobel Peace Prize. They especially operate in conflict zones. To 100 millionse people in 88 countries last year. The white house is shifting its position in stimulus package, again. Steven mnuchin and told nancy pelosi that they want to in agreement on a largescale relief bill. Earlier this week
Not as high as economists were expecting. , it is interesting tom it is interesting, the flows right now. I felt the research over the week and a massive, massive reset of what this recovery is going to look like. This goes to Prime Minister johnson and to your wonderful conversation with the chancellor of the exchequer yesterday, fran. The idea of the United Kingdom seneca the United Kingdoms fiscal policy into the summer and october as well. There huge mysteries out there fiscally for each nation. Francine you have a government in power that should be because they are because conservatives should be more proausterity, but they are also having to deal with this massive coronavirus. Deaths from coronavirus surpassing 500,000, that is moving the markets. European stocks are falling, oil is down. U. S. Futures are not as down but they are fluctuating a little bit. Something i dont look at very often, i want to show you 10year yields, add 0. 65. Going on is something with poland, strength
Seem to think there is a little worry out there. Out and say this could be less of a shock than we think, and as long as the ecb still buys and is on the Balance Sheet for longer, than the markets may not need to be as worried as perhaps we think they should be. Spreads, andening now lets get straight to first word news in new york city. Here is viviana hurtado. Viviana we begin with the Trump Administration, pushing a 1. 2 trillion stimulus plan, this on account of the impact of coronavirus. Could get payments of 1000 or more within two weeks. And months later, a second set of checks could be sent out. Steven mnuchin warning republican senators if there is no stim of this package, the u. S. Could face a 20 unappointed rate. Stimulus package, the u. S. Could face a 20 Unemployment Rate. Great britain is announcing 24 billion in loan grants and tax cuts to keep the coronavirus from wrecking that economy. Biden has tighten his grip on the race for the democratic president ial nomination,
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