Week on the hole for global stocks. Lets get a first word news update. Heres leighann gerrans. Leighann president macron of france has appointed a new Prime Minister. Macron is preparing to reshuffle his government in the widely expected relaunch of his presidency for the final two years of his term. North Korean Leader kim jongun urging people to stay alert of coronavirus. He warned that complacency could lead to unimaginable and irreversible crisis or get despite the warning, he has reaffirmed north koreas claim to not have had a single case of covid19. This is widely doubted by Global Health officials. European president christine crisiss signature fighting tool is becoming the focus of disagreement among policymakers. Governing councilmembers face a potential risk over how much their emergency Bond Purchase Program should stay weighted toward weaker countries such as italy. That is according to multiple conversations with central bank officials. And hong kong, police have charged a
Good morning, everyone. This is bloomberg surveillance. I am francine la am francine lan london. We have to get to the news for not only eg markets but corporate rates announcing changes, also something that may help with the sickness when it comes to covid19. U. S. Equity futures also higher. Are looking ats coronavirus cases and focusing on monetary stimulus as well. One thing i want to show you is thatorth korean yuan, currency is no longer trading, but we did see a lot of withility this morning, crude oil mapping gains. We will have look at the markets, but first, lets get to the bloomberg first word news in london with dani burger. Hi, danani burger. Hi, dani. Dani good morning, francine. The u. S. Economy has a way to go, according to chairman jay powell. The economy is likely to see a period of significant improvement, but it will probably leave the labor market well short of levels seen before the pandemic. Chair powell the first days of the shutdown, and we have seen what that
Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The markets are really focused today in the u. S. , that second wave, we were debating on whether we could call it a second wave. Big resurgence of cases. Alsos are down, futures down. Rates, but also because jay powell talking about the economic a coverage. Rebounding from the losses we saw yesterday. Gold actually holding after most of yesterdays gains. Now lets get to the bloomberg first word news in london with dani burger. Hi, dani. Ani hi francine. ,californias hospitalizations are the highest in nearly a month. According to Johns Hopkins university, the number of confirmed cases have top 2 million. The government made a string of failures and is handling of the coronavirus crisis. Executivemedical spoke about the decisions at the coronavirus briefing. It put Boris Johnson standing next to him on the defensive. Johnsons that is still too early to judge the nations response. Just eat take
Up to the top of lafayette park, but really it is a nation that awaits the next step from the president. He was out tweeting in the vicinity of 12 00 midnight on general powell. We will talk about that today. It was an eventful weekend and it continues right into this monday. Francine thank you, tom. We will have more on that and now we will get straight to first word news in new york city with ritika gupta. Ritika the u. S. City hit the hardest by coronavirus starts to reopen today. New york city will allow construction and manufacturing at wholesale trade to start operating again. Rios Retail Stores can offer instore pickup. If all goes well, new york and reexpand the can expand the reopening in two weeks. Theggressive proposal from minneapolis city council. Majority of its members say they do this they support disbanding the city police department. That comes as the state launched an investigation following the death of george floyd. One city councilmember says she wants to end poli
Global deaths from the coronavirus reach 300,000. While cases continue to fall in europe and the u. S. , alarm is growing in asia over a potential second wave of infection. Stocks and futures gain even as data from china shows a slower return to normal than hoped. Focus turns to german gdp numbers. In just two hours. Looking for a drop of 3 in the first quarter. Sanofil macrons berates for suggesting the u. S. May have hurt access to a vaccine. The frenchetween president and the drugmakers ceo is scheduled for next week. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. Gains of 1 acrosstheboard. A rough dayhave yesterday in european stocks. Closing down 2 . Then a turnaround in u. S. Stocks. That has now rolled around in asia and that market optimism is prevalent in european futures. Not been u. S. Futures. Little change. Anna . Anna a little bit of breaking news. In london, this would be of some relevance. System, aand transit fundi