They should spend money on the Green Economy. California governor gavin newsom announcing he will says out sales of gasoline powered cars by 2035. To replace them, significant investment will be needed. We saw tesla and volkswagen making announcements in electric vehicles. Sell green eu will bonds as part of its recovery. The ecb will start buying bonds leading to environmental goals as part of its stimulus. It helps the climate and economy. As more job losses potentially become permanent, new green opportunities could be the answer. You will find parallels in history where Government Spending restructures the entire economy, especially when you look back at world war ii. What california announced today could be the beginning of this green restructuring. Joe california on its own one of the biggest car economies in the world. That state has often come out ahead in terms of green standards. Gavin newsom saying any car sold by 2035 and beyond has to be a zero emission vehicle. At new hea
First state of the union address. Plus, guilty of corruption. The former head of world athletics is sentenced to two years in prison following a doping scandal. His lawyers say the court has made him escape vote. And how to keep her lens party scene going during the pandemic berlins party scene going during the pandemic. One businessman thinks he may have found the answer. Brent im brent goff. To our viewers watching on pbs in the United States and all around the world, welcome. We start here in germany, where police have launched raids against some of their own colleagues. Officers suspected of trading neonazi imagery and online chat rooms. 29 Police Officers have been suspended and 11 are now under criminal investigation. Images shared include pictures of adolf hitler and nazi symbols, such as swastikas. This is not the first time germanys Security Forces have been at the center of a scandal involving farright extremism. A disgrace and a slap in the face for germanys police forces. T
Deal dependsen the eu and refinitiv take over. A 4. 3 billion take over with caixa bank creating 7 billion in assets. Tiktok could go for a u. S. Ipo. The deal with oracle and walmart. Its fate could be decided in the next 24 to 36 hours. A very warm welcome to street signs. Weve got a flurry of m a deals to kick off this morning the company has denied reports it is in investigations over a proposed take over bid bloomberg had reported more in recent weeks and that negotiations are in the early stage. Euronext in discussions with lse. Adding any potential sale depends on eu approval of the planned take over of refinitiv the deal news doesnt stop there. Caixabank and bankia have agreed to a deal of 4. 3 billion euros a 20 prem yium will create spains largest bank relieving costs around 77 Million Euros. So many things we could talk about. We could kick off with this banking deal, weve been waiting for more consolidation in european banking a lot of chiefs have said cross border m a has
Good morning im Frank Holland in for Brian Sullivan here is how your stocks are shaping up the dow is open, the s p up about three. Nasdaq implied open up about 35 points still on pace for the broader losing streak. Closing down more than 1 with amazon closing down two and a quarter percent. The russell 2000 up more than 3 since monday where its best Weekly Performance since august 8. Perhaps a rotation on the way. More on that coming up first, we have to check the stock of the week. Thats snowflake after the surge of trading on wednesday, the stock was down 26 yesterday and on track for more losses this morning that stock down about a percent and a half well continue to watch those shares checking action around the globe, matt taylor in singapore and karen tso in london. A fairly lack luster week in the markets. We did modest gains coming through. We did see weakness when it comes to australia or new zealand. It was a lateday rally ending up more than 2 . You were talking about the na
Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu