Bubble. The good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on data in the u. S. , stimulus in the u. S. , and for july manufacturing 51. 1, instead of the 50 that was expected. The other thing we are really ,atching out for is gold, 1897 within a whisper of 1900, which will be a big psychological impact. Now lets get to the bloomberg first word news in london with laura wright. Hi, laura. Hi francine. ,rising for the first time about of march to 1. 4 million, but dropping slightly. The data comes as hundreds of billions of federal aid is set to expire. The u. S. Economy could be at risk of a double recession. A Vaccination Program for the protect ait ceases to second wave of the coronavirus. Twice as manyple as last flu season. At shots available for the risk groups will be available to everyone over the age of 50. Disney is canceling the august release of malan and delaying avatar by more than a year. Date. Ime, no
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
Everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. These are your markets. We need to watch out for the u. S. 10 year yield and eurodollar. Augustgetting some services pmi rising to 53. 4, little better than expected. ,ut if you have a breakdown also manufacturing is better than expected, but what you need to are member is germany is not doing so great. France is a little bit better remember is germany is not doing so great about frances olympic better. Great, france is doing a little bit better. You can see our interview with Esther George 12 30 london time. Tomorrow, a stellar lineup. We speak to James Bullard all here on bloomberg tv. That may move the markets overall, but now, lets get straight first word news in new york city. The chosen one. That is how President Donald Trump described himself to reporters. He said it is his job to wage a trade war with beijing. Somebody had to do it. I am taking on china. I am taking on china on trade and we
Im Francine Lacqua, lets check on your markets. European stocks are a little undecided. They were lowered today following things in asia. We saw a little bit of a volatile session for the japanese equities. Opec meets on thursday. , Peter Oppenheim or joins us shortly Peter Oppenheimer joins us shortly. Morning, wen the will speed to british billionaire investor David Harding. We will talk about Artificial Intelligence and its impact on market performance. Here is the first world news. Of julius baer has resigned. Bernhard hodler will replace him. He has been a member of the executive team since 1998. In the u. S. , republican lawmakers are scrambling to lock up the votes needed to put a tax bill on Donald Trumps desk by the end of the year. The cbo estimated the effect of the bill on the deficit that has not had time to look at employment or economic. A federal judge will decide which of the two people runs the Consumer Protection bureau. English, Deputy Director english liandra asked
Commodities largely oily largely avoiding the rout. The latest from Goldman Sachs. This is Bloomberg Markets asia. Haidi as you mentioned, it wasnt smooth sailing. It was quite a stomach churning roller coaster. Buckling and go along for the ride. Opening the dow with that lunch, and we had a 25 minute period with a swing of more than 900 points before we had major u. S. Stocks finish in the positive. The question is, is this the new normal . His volatility back with a vengeance . Lets take a look at how things are tracking when it comes to the asian session. We are seeing this recovery mode playing out when it comes to Japanese Equities. Some of the hardest hit yesterday in the selloff. The topix rising about 3 at the open, the nikkei 225 also up by 3 . This is being driven by tronics best buy electronics by electronics and auto. David finally we can focus on the data coming out. There, and the words of bon jovi, because that has almost been the anthem across markets. Really living on