Surveillance. I am Francine Lacqua here in london. This is what the markets are doing, focused on the lack of stimulus coming from the u. S. They are also focused on the earnings. I see a bit of zigzagging. The other thing i am watching for is the pound. A lot going on, you know, in the next 12 hours, when Boris Johnson needs to decide whether to abandon talks with it eu, giving the clear signal of what he wants in order to remain at the table. We have a pack show today. Talk top at 9 30, we the irish finance minister that wedonohoe, and speak with ignazio visco, the Banca Ditalia governor. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. The boeing 787 has been deemed safe to fly. The news comes besides a software upgrade, not being done it for up to two years. The max was founded in 2019 grounded in 2019 after two fatal crashes. President trump and joe biden held separate town halls last night, 1000 miles ap
Chinas economy contracts for the First Time Since at least 1992 after the coronavirus lockdown but industrial output numbers offer signs of encouragement. Stocks push higher as President Trump outlines steps to reopen the economy despite data showing 5 million more americans filed for unemployment. Plus hedge funds suffer a volatile march. And the worst ever losses posted. We will see this morning what u. K. Asset manager things. Breaking headlines on european car sales plunging 52 in march. European car sales more than getting cut in half in march yearoveryear. The biggest drop on record. We will be sure to talk a lot about cars today. Hsbc upgraded bmw shares to a buy. Anna a lot to talk about in terms of the car story an interesting to see the plans are around reopening car production. Let us talk about man group. The World Largest publicly traded hedge fund. Net inflows for the First Quarter, 5 million. Standing at 104 billion u. S. Dollars. These numbers are coming through. They a
Concern spreads from italy to iran, but the World Health Organization says the outbreak is not yet considered a pandemic. The business case. Mastercard and United Airlines, the latest companies to issue profit warnings amid the operate. And, sticking to the script. Cleveland fed president Loretta Mester says the virus is a threat to the u. S. Economy, but does not justify a change in rates. Just under one hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures after the big drop yesterday. We saw in some cases the biggest slide in european stocks since the brexit vote. As a result, we see a bounce in futures today. Maybe investors saying it is time to buy in the dip. You can see that dax futures are up 8 10 of 1 . U. S. Futures are also showing gains today after the biggest drop in two years on the s p and dow. You can see we swap over to u. S. Futures, they will be showing green arrows as well. Lets take a look at whats going on in te
Awaiting in a valley a valuation for aramco. Branch toall of business. The u. K. Prime minister is set to office tax cuts when he speaks at the cbi annual conference and we are live at the event. A ban onng court rules facemasks is unconstitutional. The hang seng trades higher. Good morning, everyone. I am live from the cbi annual conference. And interestingly enough, this is the first time great to have you back, this is a percent they have been holding their annual conference in the midst of an election campaign. A lot of Political Uncertainty is hanging over this. The election will take place on december 12. We are used to holding it amidst the uncertainty of brexit. Boris johnson will be here later on perhaps offering and all of branch to business. Talking about property and r d. And in with that comes his deal on brexit. And on the other side, we have sir Jeremy Corbyn from the labour party who will also a here. He will be talking about taxation and adult education. Leaders attend
Passes the italys president to decide whether new elections need to be called. Donald trump says he has been looking for a possible tax cut for a long time as he kicks back against the threat of a u. S. Recession. Think the word recession is a word that is an appropriate, because it is just a word that certain people im going to be kind certain people and the media are trying to build up, because they would love to see a recession. We are far from a recession. Matt Boris Johnson comes to berlin to meet Angela Merkel. Germany prepares a 30 year bond sale with a 30 coupon. I will speak later with the German Economy minister this afternoon. I will ride my motorcycle to leipzig and try to get a question in. We are less than a halfhour away from the european open. U. S. Treasury yields bouncing back up. This is a threeday chart into yesterdays trade. Hit a low of 1. 54 , and are now backup at 1. 58 . The worry seems to slip away to some extent. You also see futures rallying across the board