Big stories here, francine, the idea in america, the spread of the virus, just getting ready of this hour of bloomberg surveillance, you hear the sirens constant in the background here in upper East New York city. In particularne is of focus on louisiana, and the other issue, francine, picking up the debris of all the those factorsof is able market with a vix of 63 a bull market with a vix of 63. Francine yes, we will have a lot more on the market. First, lets get straight to new york city and bloomberg first word news. Here is viviana hurtado. Viviana we begin with a major change in tone overnight between the u. S. And china. President donald trump and xi jinping pledging in a phone call to cooperate, this in the fight against the coronavirus. This comes after weeks of rising tensions between the two nations. President trump tweeting, we are working closely together. Relations between the two sides are on a critical moment. Now the u. S. Press surpassing china now the u. S. Surprising
For the imf meetings but lets get a check on the markets as investors digested the data out of china earnings will be coming through in europe. We struggle a little bit and stoxx 600. Cable is coming off a fivemonth high. A lot of concern going into this weekend and what parliament will vote on in terms of the brexit deal. We are talking about potential rate hikes. Coming up, we hear from the Vice President of the european atmission that 1130 time 11 30 a. M. London time. And still to come, we speak to bank of England Governor Mark carney at 5 30 p. M. London time. Definitely not want to miss. All of those conversations from the Imf World Bank annual meeting. Lets get first word news in new york. We begin with the ceasefire in syria. The u. S. And turkey agreeing to a break in hostilities to allow kurdish fighters to withdraw. Once the ceasefire takes affect them a donald will remove this weeks sanctions, but u. S. Senators from both sides say the deal does not go far enough. Reluctant
Boris johnson begins efforts today to convince parliament to back his brexit deal. Lawmakers prepare for a vote tomorrow. Another aramco delay. Freeze again, just days before the planned launch. It continues to hunt for a 2 trillion valuation. And chaos. Renault slashes its forecast, putting blame on the deteriorating global economy. And a fellow french corporate lowers its outlook after weeks of poor results. Matt less than half hour away from the european open. Take a look first off on the pound. We are following cable very closely. It has been amazingly volatile, up to almost 130 yesterday all the way down to 126. 5 the day before that. Right now, we are trading at 128. 68. We will continue to watch for lines to cross from various labor, mp from various labour mps to see which direction the pound would go. Lets take a look at the futures. The equity indexes across europe. We are seeing Index Futures pointing lower. Decks futures are down 0. 4 , cac futures down 0. 3 . 0. 5 . Tures d
We are getting green on the screen and european equities. Investors are focused on the trade narrative as weve heard from President Trump that a deal with china could be closer than we think. We saw u. S. Stocks jumped the most in weeks. The 10 year yield has jumped some nine basis points moving down three today. Perhaps a bid for safe haven along with risk on trade and the dollar index caught a strong bit yesterday as well. Was that to do with concerns around the impeachment inquiry . Could it been something to do with Charles Evans . The dollar is holding on to that strength in the session. Lots of dynamics to digest. Coming up among dont miss our exclusive conversations with the ceos of xo and ab inbev as well tesco, ab inbev, as well as spains Prime Minister. Boris johnson came out fighting in his first appearance back in the commons. He refused to resign or even apologize saying the Supreme Court was wrong. He challenged his opponents to trigger an election, accusing them of cowar
Global Business Forum. Will be speaking to pierre moscovici, european for economic and funny to affairs, andreas , Allianz Global Investors ceo, and stephen badger, mars inc. Chairman. Lisa deepening some of the concerns about trade come the s p lower. Crude dropping as well as saudi arabia seems it is getting production online faster than expected. The euro losing versus the dollar. The dollar strengthening despite concerns about turmoil amid the leadership in the u. S. Onyear yields going lower this risk off day. David joining me now at the Bloomberg Global Business Forum is andreas utermann, Allianz Global Investors ceo. It is good to have you here. I want to start with why we are here. It is the Climate Finance Leadership Initiative. Explain to us what that is. Andreas it is an initiative that michael bloomberg, on behalf of the u. N. , kicked off about a month ago. It brings together a significant number of affluent to private sector organizations with the aim of cooperating and c