Color to, it is that the new york police department, the acclaimed nypd, has five deaths within the organization, not just police officers, but their staff as well. Really bringing home the seriousness of this in new york we are in the interregnum, francine, up to jobs day. Of wednesday,rts thursday, and friday will be extraordinary. Francine . Francine i have to say, we are going to spend a lot of time talking about those pmi numbers in china. They are nowhere near normal, but they are much better than they were a month ago. Lets get to first word news in new york city with viviana hurtado. Viviana we begin with the white house, and Congressional Democrats are preparing for a fourth economic stimulus. The proposals include aid for the travel industry and the Mortgage Markets. Says states and local governments will need more help. Over to japan, where the party the ruling party proposed the guest ever stimulus package, valued at 554 billion. A third would be at private initiatives and
First time in decades. Going there for more from beijing is bloombergs selina wang. Give us an update on the situation in terms of the death toll and some of the evacuations from the ships, and also what we have heard about potential delay to the National Peoples congress. Selina we heard from the head hospital that he turning point may be reached, but we did see the number of , so it looks like the virus has not reached a peak yet. Outside china, countries have been stepping up evacuation efforts from these cruise lines. The diamond princess cruise ship in japan reporting the number of infections jumped to 454 after another 99 new cases right in the fight. In beijing, you can still feel the effects on the local economy, with stores and restaurants still closed. There has been a slight uptick in activity as people have resumed work, but only about 40 to 50 of the economy has been running at capacity this week. In beijing, anyone returning from the city has been ordered to self quaranti
Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans
Markets. It has been a wild ride this week. There was rotation on the back of positive news when it came to trade and then we saw stocks retrenching. A lot of the focus is on u. S. Tariffs in europe. Jeanclaude juncker says that is not so. A lot of focus on data out of germany. You can see the u. S. 10 year yield at 1. 91. Coming up, the intesa sao paulo chief executive joins us for an exclusive interview in a couple of minutes. We focus on earnings and the Banking Sector. First, lets get first word news. The u. S. And china agreed tariff rollbacks will be a key part of any agreement, the big question, is a deal any closer to being done . Donald trumps advisors dont sound certain. Yet to be decided, the time and place for signing this potential packed. Donald trump wanted ukraine to investigate joe biden, that was the message and it was clear according to one official. He says the words being pushed by the administration our investigation, biden, and clinton. Special visashere for doct
Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan thanks for joining us. Youre coming off a 767point drop for the dow yesterday that was the biggest drp of the yea year at one point the markets were down nearly 1,000 points we came back a bit futures are slightly higher. At one point down 950. The currency manipulator tag that trump threw on china last night could rattle the markets again. China making a move this morning to firm up its falling dollar setting a peg to keep it from dropping more. Which has futures bouncing back a bit. We are up right now 73 points. S p and nasdaq, i get it, cold comfort. We lost 760, were up 66 still we are in the green, at least at this hour were not seeing a sell followthrough in the markets. Heres what were coming off of yesterday. Every dow stock fell the average decline of a dow stock, 2. 7 . 12 of the dow 30 fell more than 3 the dow is now 6 off its july highs. The thing drivin