Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new zealand, a fiscal response is being considered. The rbnz
Francine welcome to bloomberg surveillance. These are the markets. The stoxx 600 gaining a touch. The u. S. 10 year yields going to around 2 . Deutsche bank after the massive overhaul gained one point 7 . We did have a little news out of the german Industrial Production data. Bit of gaining a little temper on some of these markets. The market is going toward 2 . Coming up, we heard from the associate general chairman, what he had to say about the fed, ecb, and more. Lets get to the bloomberg first word news. The lira swamping after president erdogans decision to replace the countrys central bank chief. The dismissal has fueling concerns over the regulators independence. In a meeting, erdogan reportedly told policymakers to get behind his conviction that higher Interest Rates cause inflation. This morning, greece has a new Prime Minister from the right Democracy Party. The election handed him a mandate to tackle the nations chronic woes. New democracy is set to get a perlman treat major
Thank you. And thats bbc news at ten. Theres more analysis of the days main stories on newsnight, with kirsty wark, which isjust getting under way on bbc two. The news continues here on bbc one, as now its time to join our colleagues across the nations and regions for the almost a year since the start of the Women Life Freedom Protests in iran, we have a Special Report with defiant voices inside the country as the Morality Police double down on the repression of women. So how should the uk calibrate relations with iran . Well be joined by a Iranian American Human Rights researcher whose father was a political prisoner who died under house arrest and the former uk ambassador to iran. Also tonight, to raise or not to raise should the Bank Of England hike the Interest Rate tomorrow, or can the economy do its own work now . Two senior economists argue it out. The upcoming ruthergen and Hamilton West by election expected to be a major Snp Labour Battle could be a bellwether for the general
Breathing a big sigh of relief. Find out more with me after 6 00. Meanwhile in an exclusive gb news poll , half of you, our gb news poll, half of you, our viewers and listeners oppose a ban on petrol and diesel cars. Well bring you all the details in just a moment. The bank of england will decide today whether to raise Interest Rates for a 15th consecutive time. Well bring you all the analysis on what this means for all of us. And well have full coverage on gb news at midday. We can rely on our firm friendship king charles and the french president , Emmanuel Macron , to toast the uk and macron, to toast the uk and French Friendship at a banquet. Well have also the weather updates for you with alex burkill. Good morning. Whilst its going to be a sunnier day for many of us, there is still some showery rain and strong winds around. Ill have more shortly. Have more shortly. And of course, paul coyte will have all the support for us this yes, i will. This morning. Yes, i will. An nana disas
Market. Lenltds are a go. Airbus on hier plane deliveries. Booking a charge related to its military program. Good morning, everyone. Thank goodness, its friday. Lets get straight to Economic Data points. We just got the italian june unemployment numbers. It has jumped up to 12. 7 from 12. 5 in may. Another rise. A look at youth unemployment. Thats been worrying over the last couple of year as were just emerging out of the midst of the eurozone debt crisis. Even if the Italian Economy is recovering, were not seeing that through to the labor markets. The overall jobless rate, 12. 7 . Were expecting the euro zone jobless rate. That should hold steady at just over 11 . Lets go back to earnings. Frances biggest lender by ses t asse assets, bnp paribas. Lets get out to stephane who has been speaking to the cfo. The bank posted much stronger than expected earnings in the Second Quarter. A loss of 4 billion euros last year when the bang had to pay a settlement to the u. S. Department of justic