Options. Good morning, everyone, and welcome to bloomberg surveillance. I am Francine Lacqua here in london. Now, there is quite a lot going on in the markets, simply because the stimulus in the u. S. Is getting people quite excited. Part of it is what we are hearing from Central Banks around the world, the projections. This is what the markets are doing overall. Stocks are turning higher. Gold at the same time is ascent, and then we have the word on the latest american stimulus package. We need to mention pound, rising against the euro, after the bank of england said it did not plan to tighten policy until the inflation outlook is more clear. Now lets get to the bloomberg first word news. Here with me in london is laura white. Hi, laura. Laura as fast as they can, but that does not mean safety is being sacrificed. Dr. Anthony fauci he hopes the vaccine is at least 70 effective, but he says he would still feel good if it is at least 50 effective. Classical history of viruses, particula
Revenue still going. We will see how this develops. The Second Quarter sees europe shine with the sector moving 2 . Premiums will stay elevated to combat inflation. There is inflation pressure, but we have rate increases and those are we have the ben pefit from investmt income. And we await the latest inflation print with the Federal Reserve possibly looking to the end of the hiking cycle. And disney revealed a larger than expected subscriber loss. Bob iger pledging to sharpen focus. We are prioritizing our brands and franchises and rationalizing the volume of content we make and what we spend and what markets we invest in good morning. Welcome to street signs. Lets kick off with data from italy. These are the fresh numbers in july the final cpi for the month has come in down 1. 6 month on month against the preliminary estimate we have inflation up 6. 3 . That is a touch lighter than the 6. 4 forecast. In terms of the final july cpi index, that was flat month on month. Key inflation wa
helped him come close to winning the democratic nomination for president in 2016. so his decision to investigate the working conditions at one of america s biggest employers is sure to capture headlines and set up a robust argument about worker protections. now, for its part, amazon has been criticised for the conditions its warehouse workers face in facilities all over the world. it s already being examined for its safety record by multiple us government agencies. amazon is also notorious for resisting all efforts to unionise its workforce. now, in response to mr sanders letter, amazon strongly disagrees. it says it has been able to reduce injuries across their us operation, and has invested more than $1 billion into safety initiatives over the last four years. meanwhile, indian prime minister narendra modi has arrived in the united states for a state visit. he earlier chatted with tesla s boss elon musk in new york, who said the ev maker will try to be in india very soon.
over 1,000 miles away. we ll check out a range of other gadgets being showcased here in vegas and hear from two major ceos. one is the big boss of siemens, the world s largest engineering company. and i m alsojoined by the head of nasdaq, the most famous tech index on the planet, to explore what are the big issues affecting the wider industry. wherever you rejoining us from around the world, a big hello from las vegas and a warm welcome to the show. this week we re on location at ces, the consumer electronics show. it s notjust a top tech event. it s also one of the biggest conventions in the world. 130 attendees are expected and more than 4,000 exhibitors. we ll be hearing from some very long established brands plowing a furrow in technology at the top of their fields. and there s no escaping it, artificial intelligence is everywhere at this year s ces. the past year has been a turning point for al, especially generative ai. that s the tech that creates human like text or im
Over a major market. The demand in china is driven by a weak private consumption. This is not really coming up. Theres uncertainty in the people. The export is not picking up that well because the Global Economy is not that strong. And israeli Prime Minister Benjamin Netanyahu stands firm on the rafah offensive despite telling cnbc they will push on regardless. Yes, we have a disagreement on gaza, rather rafah. We have to do what we have to do. Sometimes you have to do what is required to ensure your survival and future. China and russia signing a joint statement on ties with russian president Vladimir Putin highlighting energy as a key priority. We are looking at breaking news from the ecb. The European Central Bank Financial stability review coming through this morning. Just reallyi speaking about financial vulnerabilities have eased, but the outlook is remaining fragile according to the ecb. Conditions improving ultimately there. Recession risk declining, but markets remain exposed