Eurozone. The german lender looks to fill its top job as soon as this week in a bid to end a shareholder revolt. 6 00 and in 6 00 a. M. In london. You have not had it so cheap for quite some time. Five year low in dollars. Record no in pounds. , thedity from my friends munificence of Central Banks is gushing in the form of liquidity. It goes back to the old story which is where do you find the velocity, where do we start riskon. He bonkers jp morgan, citigroup, look to the hinterlands of recovery. Good to see you again. Bita Goldman Sachs takes a of a different view in terms of the rest of the year but i still see some growth coming through in 2021. To jp morgans point, they are saying liquidity will lift stock and bond markets and that comes back to the conversation you and i have been having for so long in terms of our these two markets giving us different signals or is it all about the liquidity . Manus which is priced better . Moves they scrapped their bearish call on risk assets a
Autonomy is said to have featured prominently. Coronavirus cases reach a record fueled by latin america. Infections in florida hit a record high while Texas Governor said contagion is accelerating at an acceptable rate. 9 00 6 00 a. M. In london, in dubai. What a morning. How to lose friends and alienate a president. Would Peter Navarro be the man that would kill the china trade deal . That is the question posed to the markets. Our next guest said a trillion dollar roundtrip. Words matter. Good morning. You never want words to be taken out of context, do you . It certainly did radel overnight. Overnight. It does really just highlight even though we have seen a powerful rally from the march lows, how sensitive these markets are to any sign of risk out there. This takes us back to david blooms comments. Risk on, risk off. Aussie, kiwi, you see the disintegration of risk off, straight back onto the fuel. How are the markets . On the screen in asia, which is interesting, because we have ke
Tells bloomberg theres no risk in using e. S. M. Funds to weather the pandemic. This as multiple policymakers warn of the rising risk of deflation. Manus its just gone 9 00 a. M. In dubai. 6 00 a. M. In london. Were digesting really one of these moments from the fed, nejra, whether it was truly a dovish message. Were not even thinking about thinking about the possibility of raising rates. So we got this jucks pox, q. E. Forever juxtaposition, q. E. Forever, versus the reality of risk for the world. As the number of cases rises, it is unsettling the markets. In excess of 2 million in the United States of america. So the message from the fed, battling against the uncertainty of covid19. Good morning, nejra. Nerja good morning, manus. The debate about yield curve control continues. We understood that the fed and officials were certainly looking at it. In terms of the reaction in the treasury market, i mean, the bulls certainly came back. We saw that 10year yield drop to a 72 handle. The f
About air bridges out of heathrow nejra to me, the air bridge will be to france if i could get that holiday in the summer. It is about allowing travel to European Countries without having to quarantine for 14 days. We have been expecting this week to get that announcement from the government, including some countries like france and italy, but some would still be exempt from that. The other thing we are looking forward to is the july 4 reopening of the pubs. Some are calling it super saturday. Reallyat will be interesting after what we have seen in america, the virus story as we go into the long weekend here is really quite something. We will give you some coverage on that today as well. Right now with our news in new york city, here is ritika gupta. Time, u. S. The first daily coronavirus cases rose above 50,000. There are increases in big states including texas, florida, and california. Say the virus is increasingly becoming a disease of the young. In florida, the median age of infec
Hong kong are extraordinary, and the Prime Minister says he will take many citizens into the united kingdom. Is that right . Than 3absolutely, more million potentially hong kong citizens are being allowed citizenship in the united kingdom. Extraordinary developments in hong kong. Not a lot of clarity and it is difficult to see where the risks actually lie. Whether it is easy to abuse or difficult to apply. Tom i agree with you, strongly. I think there has been an getting totion of their friday morning, of getting into the weekend and the experience of each and every day. Our team in hong kong is working on that. Working on that 24 7. Now with our continued reports, our first word news, in new york city, here is ritika gupta. Ritika for the first time, u. S. Daily coronavirus cases rose above 50,000. There were increases in big states including texas, florida and california. California halted more reopenings as did new york city. Becoming is increasingly a disease of the young. Todays m