The who reports the most infections for a single day. Global stocks trade lower as u. S. Futures swing from gains to losses. Bloomberg learns the german lender could cut up to 7000 jobs and shutter 400 branches after its current costcutting measures were called in abject failer failure. And starbucks, pepsico, and biaggi out are the latest pump needs to curtail ad spending on facebook. Pressure on the company to crack down on hate speech shows no signs of slowing down. Just under one hour away from the start of cash equity trading in europe and the u. K. Futures red across the board. In europe we are looking at 1 plus losses. Germany. Much here in euro stock futures down about. 75 . U. S. Futures swinging from gains to losses. Now we are looking at about a. 25 drop for the s p. Nasdaq futures down about. 5 . What are you seeing on the gmm . Anna in conjunction with european futures, they. 4 a point forening they a weaker open. Chinese equities looking relatively resilient. Japanese nik
Those gains. Tesla is trading above 1000 a share for the first time. I want to point out the dollar in yields. The dollar has been a proxy for Risk Appetite and Risk Appetite is higher when it is weaker. The fact that the dollar is weaker again signals are not entirely risk off day but you have yields moving lower by about four basis points ahead of the fit decision. Are sensitive to whatever the fed says or does. Yields were moving up yesterday. Seems to have come off a little bit today. Kailey you are seeing yields move lower and the curve flatten out a bit after the dramatic steepening we had seen. The bond market will be hanging on any word the fed may say about possible curve control from economists we talked to on Bloomberg Television. It does not seem like they are expecting a lot on that yield curve control, but that is definitely a market waiting and watching to see if we will get anything there. David thank you so very much. That is kailey leinz reporting on the markets. Toda
[background conversations] [background conversations] [electromechanical sounds] [background conversations] [siren in background] [background conversations] [standing by for live event] cspan viewers are familiar with Richard Trumka, the president of the aflcio. We found out another 2. 1 lane americans fell for unappointed assurance insurance last week 2. 1 million americans filed for Unemployment Insurance last week. Can you give an idea of the effect is this coronavirus have done it has had on union jobs in america . There are two aspects, the members still working or people still working, we are concerned about their health and safety. The ones who been unemployed through no fault of their own, youre looking at 50 millan people now. Epi says in may and june, the Unemployment Rate will be 30 . In america. You are looking at 50 Million People now. There has been a loss of income for various groups. Hispanics, 58 percent of expense a loss of income and blocks, 55 and asian markets 48 ,
Tripoli from the warlord after. For the 1st time since the coronavirus pandemic began china reports no new cases. Spains Prime Minister announces some good news as of july International Tourists will be allowed into the country. And im santa how much with all the sporting kidding spains top Football Division that has been given the green light by the countrys Prime Minister to resume doing a. Recovery efforts have ended in kharaj after a passenger plane crashed into a residential area on friday 2 of 99. 00 people on board survived but there are reports a few casualties on the ground is priyanka gupta. Many of those onboard a Pakistan International Airlines Plane were flying home from the hold to celebrate the holiday but both engines failed and as the pilot tried to land the 2nd time the airbus a 220 crashed into homes in a crowded restaurant chain neighborhood. Moving your body very very quickly he did bony fell on my car 3 doors of my car were locked the door on my side was open 1st
Less attainabletoday the later , Pulitzer Prize winning journalist Nicholas Kristof and sheryl wu dont report on the issues facing the working class in rural america. An enjoyable tv now and over the weekend on cspan2. Great to sit down with you and your book, dont be evil is contained plenty on a timely subject given the political times we are in , given the heights that the stocks of apple, amazon, google and facebook and others have reached but you normally have a pretty broad scope to your coverage. Why is this book, why now mark. At you for having me by the way. I started this book i guess it was in 2017. And i had just taken a job as a columnist for the Financial Times and my mandate was to figure out are the worlds biggest business and economic stories and cover them in opinion form is a rather large mandate and in order for the to narrow the funnel i started looking through wealth figures and i thought i saw an amazing numbers in terms of how well to transition to the technolog