Covid19 own Macro Economic Development Going forward. I in leary, we should expect lower Going Forward. Ab in bef shares up. Vw slashes its dividend after posting the first half operating loss and renault posts a loss and says it is impossible to give any guidance. Astrazeneca rallies as Second Quarter sales top forecast the ceo says he expects to benefit from the Covid Vaccine this is a business that is redirect examinatio resilient. Weve managed the crisis well. Patients are returning to physicians a very warm welcome to street signs. Now on the gdp front, german adjusted preliminary gdp the calendar adjusted q2 number down 11. 7 slightly worse than the 11. 3 forecast the sharpest decline from 1970 the calendar adjusted level, 11. 7 versus 11. 3 predicted the rebound in that data, the pmis came in growth territory but still q2, a very severe decline. Lets bring in annette who knows more about the German Economy than i do. The 11. 7 drop in gdp. Exactly it is worse than expected but t
This is bloomberg surveillance. Im Francine Lacqua in london. A lot of fears in officer while fleeing during an arrest late friday. The police chief resigned hours after the killing and the officer was fired. Three dozen people were arrested after people set fire to the restaurant where the shooting took place. Global news, 24 hours a day on air and on quicktake by bloomberg, powered by more than 2,700 journalists and analysts in more than 120 countries. Im dani burger. This is bloomberg. Francine . Francine thank you so much. Chinas new virus wave, beijing has over the weekend. Chinese Authorities Say risks it will spread are high. Cuomo york, governor warned against triggering the second wave of the virus. He said he would be invoked reimpose shutdowns. Is the us for the latest head of Bloomberg Intelligence here in europe and longtime pharmaceutical analyst. Always good to speak to you. When you look at the possibility of a second wave, cases in the u. S. , cases in beijing, as is l
Data and parts of beijing are locked down. They see red after impairment charges and write offs that could hit 17. 5 billion in the second kwarquarter. Easy jet launches its first flight since march. Wed like to see it get replaced by Something Else and thats what the purpose is but there is the case that this should be tried and tested by the court and the french president lifts almost all virus restrictions reopening restaurants and bars as he claims victory over the virus. Starting tomorrow we will be able to turn the page. Well, a very warm welcome to street signs, everybody. European markets have now been open for about an hour we saw the stoxx 600 gain a percentage point. We saw whether it has further to run given the fragility of the Health Situation and thats in beijing and several states in the United States causing a lot of concern so certainly seeking a more cautious trade on friday. Lets see what the break down looks like in terms of region. We have red across the board her
Package. The merger between psa and fiat in a move that could force more concessions from the auto giants a new designated driver. Replacing the head of vw brands as the automaker battles with unions over cost cutting plans saudi arabia will no longer cut Additional Oil they say demand is thriving. With we have no whatsoever for lack all of us in the whole World Oil Market have no stomach whatsoever for any type of laxityies. A warm welcome to street signs. European markets have been open about an hour now. It has already been a choppy session. We open in positive territory. Now the main benchmark is down 0. 4 yesterday, the main benchmark dropped 0. 3 what was remarkable was the fact we saw the final recession word enter the mix. Declaring the United States has officially entered a recession just as the nasdaq hit a new record high and raised all losses for 2020. Major difference for what we are seeing in Financial Markets and what we are seeing in the real economy. Begging the questi
A medical journal as the biggest threat to his countrys ability to get on top of its worsening coronavirus outbreak also. Works like moscow skies a spectacular finish to largely subdued celebrations for the 75th anniversary of victory day. Welcome to aljazeera shelling by forces loyal to libyan warlord cleaver hafter have hit the sole operational airport in tripoli the un recognized government has described it as a careless terrorist crime and is threatening to hit back a Libyan Airways jet was hit but no one was on board 3 civilians were killed though in residential areas near the airport from tripoli of the what had reports. A barrage of rockets a strike jet fuel tanks and aircraft at tripolis International Airport the latest attack on civilian infrastructure in the battle for the capital while the ground battles remain outside the city rockets are still landing in the city center. Its demitted 80 were fired at him 80 get airports that has been closed since march due to shelling its