Happy monday. This is bloomberg surveillance. Khan Francine Lacqua in london. Lets get to your markets. Investors, trying to win a number of infections rising with all of the extra stimulus being put out. If you look at what the market is focusing on, stocks are falling, gold is nearing highs on concerns about the virus, treasuries on the dollar hovering below 40 a barrel in new york. Market checks through the day. Lets get to the first word news in london. Here is dani burger. Disappointing crowds for Donald Trumps First Campaign rally since the virus outbreak. The event in downtown tulsa attracted far fewer supporters in the white house had touted. It was overshadowed by continuing criticism of the president s response to the pandemic and his reaction to protests against police brutality. You are warriors. Thank you. We had some very bad people outside. [cheers] we had some very bad people outside. They were doing bad things. I stand before you today to declare the silent majority is
Surging this morning. Away from that, a jumble of news as we try to reframe for the second half of 2020. Francine we will look at the second half of 2020 shortly. Lets get straight to the bloomberg first word news. Morning. Accountd south america from is two thirds of a new coronavirus cases and the latest reports. The death toll in brazil has now passed 50,000. There were a record 4500 new cases until or near. Florida reported more than 4000 cases on saturday, also a record. Back in england, Andrew Bailey has signaled a major shift in the strategy for removing emergency stimulus. Tos stressing the need reduce the Central Bank Balance sheet before raising Interest Rates. He has an oped in bloomberg opinion. He says this would give them more firepower in future crises. The disappointing turnout at was just the latest warning sign for his campaigns. Criticismrshadowed by about the pandemic in the protest against police brutality. The president has fallen behind joe biden in National Poll
Gulf. Earnings reports first since the u. S. Blacklist. Warnings of difficulties ahead. We speak to the companys chairman. Im matt miller, in for Francine Lacqua in berlin. Lets check on markets. Gains in london, drops across europe. Stoxx 600 down a half a percent. Bp holding it back from bigger losses. To pound continues to weaken see thes, and you japanese yen strengthening. By 108. Dollar can only. 6 of yen. The fed is expected to cut rates tomorrow. Yield and coming up we speak to the ceo of cap gemini, 9 30 a. M. London time. A lot to catch up on today as we have a slew of exclusive interviews. Lets get the first word news from new york. Ratesa mexicos interest are too high for the slowing economy according to the president. The central bank has cap the key high,t 8. 25 , a decade and this makes it one of the strongest currencies this year. The mexican economy may be in mild recession. [speaking foreign language] they are more cautious about inflation. ,his is not a bad thing, no
With hundreds of job cuts in its trading division. Banks either trading revenue slump. Banks see they are trading revenue slump. Matt we have breaking news out of the financial industry. Profitpany sees pretax materially below 2018. 2019 will be a big drop in pretax profit. The first half net fee and Commission Income was 171 million francs. Pretax profit was 2. 1 million swiss francs. Just. E money it has named a new ceo, Peter Sanderson will be the new ceo of gam. They are also lending a new chairman of the board, david jacob. Gam has assets under management 6. 1 billion swiss francs. It will have a pretax profit materially below that published in 2018. Nejra i am looking at the i. T. Services Company Gemini seeing in operating margin of 12. 3 to 12. 6 and the revenue change up 5. 5 to 8 . Second Quarter Sales up 5. 7 , first half revenue at seven. 01 billion euros. Cash flow over 1. 1 billion euros from cap gemini. , youll speak to the ceo can catch that interview at 9 30 london tim
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