Weve seen the dow and triple gains. S p in positive territory too. Down 22 points, s p futures are off by four. Yesterday was a good day for the markets. You had the nasdaq wed been watching closely was a big outperformer gain of 293 points the first day out of the last four both the nasdaq and s p have been in positive territory. Those three days before that give you something to worry about . Futures had been higher. Down a lot but come off the highs in the session looking at the treasury market where the 10year stands right now. Just below 0. 7 . Oil prices which really fluctuated and sold off sharply. This morning are down again. Wti off 1. 5 andrew thanks, becky a couple big stories to talk about. The senate set to vote on that slimmed down relief bill today talks between the white house and House Democrats and a report that President Trump may step in with more executive actions to try and fill the gap if something doesnt get done joe . There are other places in the world too. We
After the ecb announcement and it has been quite choppy in the u. S. , equities are now lower. All three indices are down. The dow and s p down by. 4 , nasdaq down. 1 . The 10year yield at 70 basis points. Little movement but enough to show there is some kind of reaction. The euro continuing to strengthen. Above 118. We will stay on the euro. Surgeine lagarde say the in currency must be monitored. That only called for the european to strengthen further. Our first guest is lena komileva. A lot to unpack out of the meeting but how is the european economy doing . Economy wasropean recovering quite strongly from the effect of the lockdowns. It is the balance effective switching on and switching off and on an entire continent. Whilst important is that a lot of the conversation is about the top figures, which did recover quite strongly in the early months after the lockdowns, we had quite a great divergence between the sectors. Those most affected by social distancing are lagging behind but
And Goldman Sachs reports today after jp morgan, citigroup and wells fargo set aside almost 28 billion for bad loans in the Second Quarter. Its 6 00 a. M. In london, home. M. From welcome back, nejra. I missed you. Lets talk about the forecast for the Third Quarter, thats what everybody is focused on. Third quarter net sales coming in at 3. 6 billion and the estimate was for 3. 8. Third quarter net, the estimate for 3. 8. An are looking at acquisition of berlin glass. , its themargin Second Quarter, 48. 2. The guidance there, 48 on the margin. The estimate was for 48. 1 . Looking back, nejra. Nejra thanks, and its interesting, on that acquisition you talked about, financial details not disclosed yet, that something maybe the market will wait for at some point. A final dividend in the Second Quarter, but its been an interesting couple of days in markets. Manus it has. Who do you put your faith and trust in . Faith and trust in the person at the front of the bus. Jamie dimon says we are
In dubai. F quite the riskon rally along these markets. Let me give you a rundown with stocks in the u. S. , with futures up. 7 as we speak, and this is given thee impressive climate. Monetary currencies are powering forward. Eurodollar trade at the highest since march 10. In terms of the bank space, we have the german10 year the german 10year, again, a lot of these haven bids. Barrel, you are looking at counterbalancing forces that are kicking in, even though they are revising their forecast to the plus side. Lets get to the first word news now and cross assets with leighann gerrans. Hi, leighann. Leighann good morning, yousef. Beijing is in a new position that drew a rebuke from china and added fresh uncertainty for businesses in the Financial Hub. Legislation,gned saying u. S. Officials responsible for cracking down on dissent in the city. Italy has set a course to nationalize controversial tollroad operator auto strata after all night talks on the politicallycharged issue. Taking t
Kong which has galvanize the beltway and the press. We will be seen much more of that, im sure, through the day. Statements by the administration, the condemnation. I will point out that the idea of will we see protests this weekend . Francine im looking forward to catching up with selina wang shortly. Lets get to bloomberg first word news in new york city. Top hong kong activists are calling for protest. The National Peoples congress is expected to pass a legislation that would force for kong to implement laws active treason and subversion. For the first time in decades, china has abandoned the practice affecting annual targets for economic growth. Instead, it will shift the stimulus focus with jobs. U. K. Posted record budget aticit last month, standing 76 billion. There is an unprecedented amount of money to prevent the clash crash of the economy. An executive at oxford has recruited more than 10,000 people to take part. The u. S. Has pledged 1. 2 billion towards the vaccine develop