Down without demand. Ryanair says the risks are skewed to the downside as the ceo called the new lockdown political mismanagement on a grand scale. Welcome to the program this monday morning. Just under one hour to go until the start of the cash Equities Trading session and futures look like this. It will be moving to the downside. The u. S. Session on friday, particular tech stocks taking a hit. You might expect negativity coming through. Lets have a look at u. S. Futures, a slightly different trend for us this morning. No trend, in fact. Fairly flat. Theaw a definitive move to downside on friday. There are a number of themes in play as we go into this, not least of which the u. S. Election and the fed. The chinese data we had out overnight, interesting of course for markets but really from a european perspective, we are focused on what is going on with the left story across europe and we will be thinking a lot about that and talking to our guests a lot about that as we go through the
We are going to talk to the cio of capital. It with some of the atlantic you want to put your money in . We will talk about that in the United States. U. S. Labor market continues to be a big focus. The jobless rate is 10. 2 . Ofs is quite a bit shutdowns, a lot of hotspots. Jonathan ferro talked to larry his take in that. He was raising that point about the hotspots and how good he thinks this number is. Is july 20. Thesurging hotspots in south and west in other places began in the back end of june and lasted through july. There was some pullback of reopens. 1. 8 million. That was a big decline in the Unemployment Rate. This will move the Single Digits easily in the summer and fall. That is larry kudlow talking to Jonathan Ferro earlier on. Larry kudlow is trying to put a positive spin on things. This looks like a good report. Is a good report . We made progress. Thats the important thing. We didnt backslide. It was a very wide range. There has been a lot of noise coming from a variet
At 4. 8 , premuch in line with expectations. 1. 8 , worse than expected. Retail sales are the weakest link in the recovering story in china. Than what the market was expecting. Property investment year to date coming in pretty much at 1. 9 . Versus an estimate of 1 . We also have the jobless rate coming in a tad better at 5. 7 versus 5. 9 . Which was expected by the market. Overall when you look at the economy, it looks like it is adding to signs the economy is picking up momentum. China probably will be reflecting in the rest of the world. Yvonne one of the key disappointments is still the consumption side with retail side still amiss in a negative fringe for a fourth straight months of 120 . About theuestions back half of the year. But the gdp is still the stand out. Take a look at the adjusted quarter on quarter. We are talking double digit growth of 11. 5 . The highest quarter on quarter at least nine years for china. This is how we are seeing things play out in the markets. Seeing
This is what the markets are doing. The focus will be on the u. S. Data. The latest in the u. S. , the focus has been on what the European Central bank has done. Hero trading at 113 against the dollar. Theres a lift to the euro trading at 113 against the dollar. Theres a lift to the market. We could have the extension of these action cuts. Production cuts. Brexit not going as planned. ,f you are expecting for a deal pound is moving. Lets get straight to the bloomberg first word news with leighann gerrans. A night of largely peaceful protest has americans gathering for george floyd, the unarmed black man whose death sparked unrest. The extended security theft is across fences across the white house. The kronos reported a Record Number of deaths. The nation departing italy to become third in the world. It has become an epicenter of the virus, with over 600,000 confirmed cases. Fears of deflation warranted European Central banks decision to ramp up stimulus. Thats according to the policym
The boe says it is examining negative rates. Emirates is considering slashing around 30,000 jobs, and bloomberg exclusive. We speak with ryanair ceo as he wraps up a legal battle with rivals. Welcome to bloomberg daybreak europe. Weve got those comments from jay powell. Japan is in recession, goldman says india could experience its deepest recession ever and we have rising u. S. China trade tensions. We continue to get breaking news through, lines coming through from ryanair which im looking for now to bring you. It sees a loss of over 200 Million Euros in the first quarter. A smaller loss in the second quarter. Thats the red headline. It cannot provide fullyear 2021 guidance at this time. In terms of what else we are looking at, it is average weekly cash burn is at 60 Million Euros, down from about 200 euros. That looks to be an improvement. Ryan are expected to be at least october for the next 200 delivery, and expects to carry less than 80 million passengers in fullyear 2021. Those