Want action to stop the virus fallout. Nato calls for International Cohesion on security. Consumer Price Inflation breaking out of south korea. We are seeing month on month deceleration of. 1 . The deceleration, though, is easing from the previous month when we had been pulled down and undershooting Inflation Numbers because of subsidies from the government. Also we are seeing acceleration of 0. 6 when it comes to the euro. Slightly missing estimates, but when you seek out fresh food and look at the core cpi numbers, it is still growth of 1 . Of course, we still have some spare economic capacity in south korea, but remember the Third Quarter final gdp numbers actually beat expectations, and still, Inflation Numbers are very much away from that target coronavirus pandemic raging across the world. Haidi we have just had the beginning of the testimony of the rba governor, appearing before the Economics Committee today, so be watching out for some of those, particularly regarding news on t
Some staged walkouts. Welcome to bloomberg surveillance. Im Francine Lacqua in london. A lot to talk about. The markets not focusing on what is going on in the United States too much. The focus seems to be still on reopening some of the economies. The focus is on some of the earnings as well. Stocks are rising in europe. U. S. Equity futures are racing a decline as investors weighing positive signs on stimulus and the Global Economy against social unrest in america. Oil is up. If you look at dollar and treasury, they are pretty much steady. We will have plenty for from the uprising in the United States. We will look ahead also to the election in november. Lets get to the bloomberg first word news. Heres leighann gerrans. Good morning, francine. And the u. K. , Prime Minister Boris Johnson plans to reset his governments agenda with a major speech. The chancellor is also drawing up new plans to bolster the economy amid forecasts of the worst recession in more than 100 years. This key spe
Medical team to north korea. We are pulling together the latest claims. Shery lets get you started with how markets are trading. U. S. Futures are extending gains we saw on friday. Last week we saw Downside Pressure across the markets. The s p 500 was led higher by consumer stocks. President trump signing the 484 billion spending package including money for small businesses. Congress has doled out 3 trillion in that package. Upsideinue to see the with u. S. Futures. Joining the intel ranks of those companies that are now opting to withdraw fullyear guidance. There seeing oil falling as session begins in asia, after the wti hovered around 17 a barrel. And we are going towards the opec output cuts that begin may 1. It is all about the latest headlines on coronavirus cases around the world. They are approaching 3 million according to Data Collected by Johns Hopkins and bloomberg. Has the state saying it death rates have continued to fall and now at the fewest in a month. This as Governor
And any barriers to goods and workers should now be removed. U. S. Business is pleading for help as demand and production fall. The president calls says that china will pay. Shery we are looking at how markets are trading. U. S. Futures are under pressure after we saw the nervous rebound in the trading session. The s p 500 slipped between small gains and losses. We have energy in a discretionary stocks leading the gains. We actually saw the nasdaq composite really rising more than 2 because of bargainhunting going on. Twitter andtesla, netflix as well. So we have seen a little bit of upside, especially the energy sector. Take a look at what oil. Is doing it just hot its best day on record. In fact, climb back most of the clawing back from most of the losses we saw earlier in the session. We are coming back from the lowest level in 18 years. This has the president said he would get involved at the appropriate time in the state of between russia and saudi arabia. We have seen the u. S. G
Leader Chuck Schumer asked Mitch Mcconnell for there to be additional witnesses called in a senate trial. John bolton, mick mulvaney. Mitch mcconnell has just responded and said that is not going to happen. Democrats not going to like that response. Meanwhile, we are also getting new words from nancy pelosi about who will lead the prosecution process from the house of representatives in the senate trial. Once the houseboats to impeach president trump, there will be a handful of impeachment officials from the house who will make their case in the senate. That willlosi said not come until the next day or so. All indications are pointing toward House Committee chairman adam schiff and House Committee tworman jerry nadler, familiar faces with this process. Kevin thanks so much to kevin cirilli. Now we turn to edward evans in london. We heard Prime Minister johnson once a brexit no matter what year. Edward so much so he has changed the law so that the transition period of that will apply af