Welcome to bloomberg surveillance. I am Francine Lacqua in london. We are also getting a cut of an Oil Demand Forecast amid the darkening of the travel situation. If we go straight to the markets and have a look at those, the story really is with these stocks, so yesterday, the stocks had quite a big move, and we are trying to figure out exactly what that means for the earnings forecast for the future. What else i am looking at is crude oil, as you see, 42. 56, after the iaea report, and the litmus test, in terms of risk appetite, gold at 1930. Are signs of faltering after stimulus talks in washington remain at deadlock. Now, lets get straight to the bloomberg first word news. Reporter hi, francine. A warning that a failure to control the pandemic is undermining the economic recovery. The boston fed president says americas over eagerness to reopen has backfired. He is concerned many temporary layoffs may become permanent job losses. Rosengren my thought is some kind of stimulus is goin
Cannot face these problems unless we have early elections to elect new politicians and a new parliament we need a new political elite and a new parliament we need to Work Together to overcome the stuff a period we know and i know the people have questions about the catastrophe and how the government plans to handle it the catastrophe is way bigger than anyone could imagine the impact my stay forever. Is a political activist and filmmaker he says the explosion in beirut has added momentum to the protest movement this amount of people in the streets. Whole establishment is a very clear political message to all the people that something needs to change. There is a lot of anger of course this did was to get into the Apartment Building that was the main focus of the protesters i was there d on the front lines we saw what happened we saw how well how much violence. The protests and we were dealt with the day that we have more than 170. 00 injured protesters. Its all we have people who have b
Shanker is getting the russians and poles now and the opposition is now backing off on it as quite a standoff there awareness by the rules heading. I wish i had known so i dont think anyone here has an office that is wide open the country had essentially no politics 3 the country for 20 years has seen. One single man who likes to. Happen a man who has no sign of willingness to engage in protests to think that any kind of dialogue would be a thought of weakness and as you mentioned has been engaging the russians but that is a 2 edged sword because the russians want to draw closer maybe even create some kind of joint country and be independent from the looting or try to avoid for decades but taking the bull market now he may find that hes not very much in charge of the country he has not being essentially a russian governor of a problem that is the potential he faces he would take that working help from now no one has any clue there is no roadmap this situation is why dont. They call onl
Full circle. Rally, caps its 50 briefly touching a record before closing just below that level. The 175 days between peak to trough and back to peak make it the fastest rebound in history after a crash. Stepping up to the pressure. The u. S. Says it will impose extra tariffs on some eu goods from september 1 in its longrunning dispute over illegal subsidies in the airbus case. Plus, no compromise. Democrats and republicans point the finger at each other, as the stimulus debate gives way to electioneering. The two sides still remain trillions apart. Just under an hour away from the start of cash equity trading in europe. We are looking for german Consumer Prices. We are seeing actually a drop month over month of 0. 5 . If you look at wholesale prices from a year ago, there is a gain of 0. 5 sorry, wholesale prices from a month ago. Prices, 0. 5consumer percent drop, wholesale prices, 0. 5 gain. From a year ago, we see wholesale prices that dropped 2. 6 in july. From a year ago, the drop
Forces riot Police Responded with tear gas demonstrators have been calling for the complete overhaul of what they describe as lebanons corrupt political elite. And they will look at this particular moment we have to go back to the people to fight with them against corruption we need to open the door to National Salvage National Rescue we need to be part of the people so i declare today the resignation of this government god bless lebanon but it smith has more from beirut. The very least that people were expecting there had been calls for elections that is not going to happen instead were going to get it seems a new cabinet and a new Prime Minister people have lost faith anyway with the political system here and 11 on a political system that keeps a particular group of elites who wielded power since the end of civil war keeps them in power. Theyve changed theyve created a system that keeps their parties in power and persuading them to allow the system to be changed to allow a more indep