The bloomberg. Forced to come. Jerome powell said the u. S. Economy is heading into in uncharted territory. Morgan stanley warns the nasdaq 100 could enter a bear market. U. S. Tissue paper Prime Minister Boris Johnson is set to sound the up Prime Minister Boris Johnson is set to sound the rise. After covid19 cases hsbc orders a halt to social media posting after a leaked report linked to the bank to suspect transactions. Shares slide in hong kong for the second day in a row. Just under an hour away from the start of cash equity trading in europe. Take a look at futures after the big, fat drops drops we saw yesterday. The dax fell 4. 3 . The drops were much bigger in europe than they were in the u. S. The u. S. Saw drops between 1 and 2 yesterday. U. S. Futures are still down about 0. 5 . Anna, what do you see on the gmm . Anna lets get to it. We have the reaction we are getting in the european session. What we saw overnight in the u. S. , rather. A bit of selling. It is quite dramatic
And the appeal is denied. And this concludes the hearing. President lazarus we are adjourned, and we will see everybody in three weeks. Good morning, the meeting will come to order. Welcome to the thursday october 1 meeting of the government audit and oversight committee. Supervisor gordon mar, im the chair of this committee, and im joined by vicechair, supervisor aaron peskin and supervisor matt haney. Thank you to the clerk, john carroll, and id like to thank sfgovtv for staffing this meeting. Mr. Clerk, do you have any an announcements . Clerk in order to protect the public, Board Members and the City Employees during the covid19 health emergency, the legislative chamber and the Committee Room are closed. This is taken pursuant to all local, state and federal orders and declarations and directives. The Committee Members are attending through Video Conference and will participate to the same extent as if physically present. Public comment is available for each item on the agenda. San
U. K. This is what we know and this is what we are waiting to find out from the Prime Minister. He has urged everyone to try to work from home if possible. You can see that playing out in the markets, although a lot of the selloff happened yesterday. Stocks, 0. 6 . European stocks actually rebounding from their temple on monday. A lot of the focus is on the tech stocks as well. Lets get to the bloomberg first word news. Heres leighann gerrans. Leighann good morning. Movingnt trump is towards nominating Amy Coney Barrett to replace Ruth Bader Ginsburg on the supreme court. Shes the favorite of antiabortion right activists who have been lobbying for her appointment. Barrett is currently a judge on the seventh Circuit Court of appeals in chicago. Federal reserve chairman Jerome Powell is set that the u. S. Faces a long and uncertain economic recovery. His testimony alongside treasury secretary Steven Mnuchin will begin later today. It comes as congress is deadlocked over another round of
Of significance in what is happening. I just want to make sure every audit i just want to make sure everyone understands that. If you look at the markets, there is the election uncertainty. In the u. K. , we are being briefed by the Prime Minister at that 00 p. M. It has been a long time since it we have been briefed. We are expecting him to announce measures such as closing of restaurants at 10 00 p. M. Why not catch the virus at 8 00 p. M. . Cut to the deli delinquent way of not crushing hoursnomy, but avoid the of drink and cocktails when you do not social distance as you should. Tom if i want the yorkshire the last sitting is 6 00. Is that what youre telling me . Franciene 7 30. You are right. Settings, one two at 7 30, one at 9 00. It really crushed the restaurant market. Tom there is the most Important Information today. [laughter] here is ritika gupta. Ritika the u. K. Government is telling the public to work from home if possible. It comes alongside new restrictions for bars an
Particularly for tech and tech advances. Desperatelys a calm looking for news flow on the pandemic, and lets not forget the lack of stimulus in washington is just stunning. It is almost hard to believe we are here in the middle of september. Comparehink we have to the selloff. The character was different. This wasnt about big tech. Industrials,als, materials, energy. Thats where the price action was over the last one he four hours. Tom we are focused on Prime Minister johnson. Comments soon, and then a speech tonight to you and the nation at 8 00 p. M. Ive got to go to the pub closing at 10 00 p. M. Can you expend the difference between a pub closing and someone getting the virus at 9 00 p. M. Versus the usual midnight . [laughter] jonathan no i cannot, and the Prime Minister will have to explain that. I am not sure he will even try. I think the big issue for many people is just capacity. If you have a problem with people going out and mixing too much, then address capacity. If that is