What an interesting market. It is not a normal july, and simply, it is not a normal friday. Gold almost touching 1900, better markets in the last minutes off the better than good pmi data in europe. Francine we had betterthanexpected pmi in europe, but also the u. K. It is not moving markets that much, but it is something to keep an eye on. Lets get to first word news with karina mitchell. China has dropped back, ordering the u. S. To close its consulate in chengdu because of the u. S. Decision to close the chinese consulate in houston. China serves as a key u. S. Listening post. China says its action is a legitimate one and necessary. President trump has given into worries about the coronavirus. He canceled his florida nominating convention. That was going to be the biggest event of his reelection campaign. Florida just posted a Record Number of deaths from the pandemic. The president says he did not want to take any chances. There are still differences between Senate Republicans and
White House Task Force dr. Anthony fauci is among three top doctors now in selfquarantine after being exposed to a person coronavirus. Two people within the white house have tested positive for the virus within the past few days. Some welcome news for sports fans. The ufc held a slate of fights in florida with no crowd in the arena. The night began with a taped address from President Trump congratulating ufc on its return. Meantime, there are now more than 1. 3 million cases of coronavirus here in the United States and the death toll is approaching 80,000. Much more on these stories in a duates trading their gowns for scrubs overnight as they are pressed into service for the fight against coronavirus. In our sunday closer on this mothers day, a National Effort to capture families on their front steps during this moment in history. Later, a favorite sunday sitdown at home with the Barefoot Contessa herself on the extraordinary story of her Career Change from government bureaucrat to cul
More than 2 on the stoxx 600 great s p futures point to another day of decline in the u. S. On track for six days of declines and heading for lowest close since october and global stocks for the 10 year yield hitting a fresh record low. Yields are dropping across the u. S. Curve. The two year yield sitting around 112. To the euro missed the risk off memo . Three out of the past four days. 10947. It could be down to the broad dollar weakness. The yen has been big today along with gold. Saying we could get 1800 on gold. Wti extending its slide beyond a 13 month low. Lets get the bloomberg first word news. We begin with italian Opposition Leader Matteo Salvini who accuses the government of underestimating the threat of coronavirus. He is urging them to earmark at least 10 billion euros for emergency measures. I think it will be the composed of factions the dont like each other. Its already the weakest in terms of growth. After the virus, which will evidently slide us into a recession, a g
I heard a noise was fog. Never seen fog like this in concord. That was probably the fog saying come out and see me. Because it is thick out there. Sounds like 40 to me. Morgan hill with 99 humidity. 42 san march teen. Gilroy is also in there. Low 40s santa cruz mountains, thick morning fog and then sunny and mild. It is a visibility is awful. Anywhere from 0 at a quarter of a mile, and even out to the napa airports and on the crocker bridge as well as down towards hayward. On the peninsula as well. 101, watch out. 30s, 40s on the temps. Pattern is locked in. What you see is what you get. Fog and uns. 50s, 60s and 70s. 5 02 speaking of the fog and how to navigate it, please tell us. Weve had issues with fog. Sometimes wrecks ople driving too fast. Dont see something thats coming up. Be careful. 205 and 580 and livermore to pleasanton looking good but you will see visibility thats not the greatest. Interstate 880 comes to mind and also coming up to the bay bridge toll plaza. Especially i
President street tweets with one of his own. He says you dont believe in Climate Change so you are excused from the conversation. Saudi arabia has offered a number of senates to open success. They cut taxes on the oil giant for a third time and may boost dividends again and will award investors for holding onto shares longer. Shares will be lifted. Sales were hit by lower oil prices. Global news 24 hours a day on air and at tick tock on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york and 6 00. I am vonnie quinn. Welcome to bloomberg markets. Here are the stories were following. Potential listed by u. S. China trade deals. Exactly 365 days until the u. S. President ial election. We will explore how the economy will influence the polls. The best business in the country. The topranked school. Highlights of our interview. Straight to the record. Joining us is our money and treasury r