In the last 24 hours, combining virus dynamics with oil dynamics. That is a distinction of this crisis. Francine and i am looking two to european lets get to first word news in new york city with viviana hurtado. Viviana we begin with a uturn from President Trump on the need for an economic stimulus he now says he will seek a payroll tax cut and belief are Industries Hit i the new coronavirus. Today the president is promising to unveil what he calls very dramatic action to support the economy. Bloomberg has learned for now the package will not include help for airlines and others in the travel industry. Now to italy it will become the first country in the world to attempt a nationwide lockdown. It is trying to stop the spread of coronavirus in europe. Almost 500 people in italy have died from it. A prime ministry imposing a travel ban. He has told italians, stayathome. Some of the worlds biggest banks predicting the European Central bank will cut Interest Rates thursday. J. P. Morgan a
Markets trying to figure out the fallout from the u. S. Strike meansilled the general for their portfolios. And what it means for the price of brent. Is at theere bryant moment. Gold at the highest in six years. Data. Also getting some Euro Area Services pmi coming into 52. 8 just a touch better than expected. We are at the eurasia summit talking 2020 risk. We will talk to the italian Prime Minister. In the International Rescue committee chief executive David Miliband. Those are coming up on bloomberg surveillance. Lets get to the first word news in new york city. We begin with Australian Authorities counting the cross of newowns on the south south wales in neighboring victoria. Blazes are the generated drive thunderstorms, thousands have been evacuated to Recreation Grounds, converted into makeshift camps. A new top man from china and hong kong, a communist party of thel who is now part anticorruption campaign. After nearly seven months of political unrest. Shows beijings intention to
This is bloomberg surveillance. These are your markets. Quite a lot going on in terms of brexit. Hopefully there is a lot going on when it comes to trade. That is what the markets are putting their hopes on. Lets get that board up for you so we look at what european equities are doing and a little bit of weakness. Stocks in general higher. U. S. Futures higher. Bonds. S in we are expecting a lot of news out of companies such as amazon. Com. 1. 2 957, all eyes on westminster and a possible vote in the house of commons behind me. That is coming up. More from our interview with mark carney at the imf meeting in washington over the weekend. First, lets get straight to super saturday. That was last saturday. Indian lawmakers voted to withhold approval from oris Johnsons Brexit deal until all the legislation had passed. The Prime Minister was then forced to send a letter to brussels asking for another extension. Later today the government is expected to make a fresh bid to get the agreement
American consumer. Well explain as power lunch begins right now lots of green on this fall monday take a look at the markets all three of the major measures that we follow the dow in 2 of the record high as we look to finish out the Third Quarter. Check out apple. Jumping as jpmorgan says the stock could soar well have more on that. thanks the ongoing impeachment inquiry taking the turmoil in washington to new heights eamon is live with the latest. Reporter on squawk box this morning we got a sense of how some people in white house are viewing this impeachment process up on capitol hill the president s trade adviser was on he gave us husband view. Here his view this is an attempt to run around the ballot box and these radical democrats told us this much i think its war the congress has declared war on this president the American People reporter that matches toeheb tone of what you hear from aides and this could be a long process. Its going to require a real robust white house effort to
I am Francine Lacqua in london. And little optimism seems to be fading away. We have the 600 opening unchanged. A lot of focus is on the economy. We had a little macro risk out there for now but they seem to be in check. We are getting euro area september manufacturing pmi, 45. 7 is a touch above estimates. We expected a 45. 6. It is below 50, but 0. 1 percentage point higher. The u. S. 10 year yield at 1. 72. Coming up, we speak to david herro on the fallout from the Credit Suisse scandal. That interview at 10 30 a. M. London time. Herros is the biggest shareholder for Credit Suisse. A jinping has kicked off massive military parade to mark 70 years of communist rule and pledged complete National Unity as democracy protesters rally in hong kong. Lets go to hong kong with Stephen Engle. What is the latest . Stephen tens of thousands of protesters are defying a police fromand they are marching the eastern part of Hong Kong Island to central and beyond, perhaps even as far as the Liaison