In terms of pmis. May look ata data august manufacturing pmi, 51. 7, in line with expectations. Economists were expecting 51. 7. The dollar dropping to a two year low. U. S. Features climbing after chinese manufacturing data that indicated exports are underpinning a recovery, and the euro leading the charge against the dollar. The weaker dollar fueled commodities with copper climbing. Lets get to the bloomberg first word news in london, this is laura wright. Expectgermany does not economic fallout from the coronavirus to be as bad as previously thought. The updated forecasts are officially released today. Europes biggest economy has staged a rebound after collapsing in the Second Quarter. Global trade is on course to recover more quickly than the 2008 financial crisis, according to germanys institute for the world economy. It said shipping volumes are back at levels faster than it took after the lehman collapse. Argentina has received support to restructure its overseas debt , that pav
Were dploing multiple breaking news stories tonight. President trump suddenly signals he may not sign a 900 billion covid relief bill. He is demanding koeng make changes. What does it mean for the millions of americans waitinging for their stimulus checks . White house aides are annoyed about the bill. This minutes after the president announced controversial pardons. The president is growing more erratic by the day as more and more people worry about what could happenen in his final days in office. I want to start with cnn White House Correspondent john harwood. In the space of just about an hour tonight, we all good whiplash. Trump issued president ial pardons, and suggested he may not sign the covid relief bill and he threatened the number two in the senate. What is behind all this hysteria and movement . Overall what is behind it, the president is choking psychologically on his defeat. He is 29 days away from being a provide citizen so he is thrashing about trying to figure out some
Cyberattack on u. S. Agencies calling the hack a grave risk to americas security. This as President Trump remains holed up inside the white house, turning on many of his allies as he plunges deeper and deeper into denial about his defeat and ignores the raging pandemic. As of this hour more than 321,000 americans are dead. More than 18 million have been infected. Hospitalizations right now are at an alltime high. And dr. Anthony fauci says he wouldnt be surprised if an alarming new variant of coronavirus is already in the United States even though it hasnt been detected yet. This hour ill speak live with dr. Fauci. Stand by for that. First lets go to our senior washington correspondent jeff zeleny covering the biden transition for us. Jeff, president elect biden says he has no illusions at all thiele have any kind of honeymoon after taking office january 20th given what america is facing right now. Whats the latest . Well certainly some stark and direct words from president elect joe b
Veto the huge Coronavirus Relief package passed by both houses of congress. So direct aid for millions of americans is in very real jeopardy this morning. To be clear, the president himself was not part of these negotiations, at all. He was too busy trying to overturn an election. But he swooped in overnight, blindsiding everyone and insisted that Congress Give americans 2,000 stimulus checks, instead of the 600 thats in the deal. Now, House Speaker nancy pelosi, this morning, is trying to capitalize on this and secure that extra money immediately. We have some new reporting on where this might be headed. But generally speaking, there is mass confusion. One republican aid tells cnn President Trump seems to be, quote, coming unhinged. Also overnight, President Trump issuing a wave of new pardons, among them, three corrupt former republican members of congress, who men who pleaded guilty as part of the mueller investigation, and four military contractors who were convicted in connection
Ive lived those challenges alongside millions of american families. Not only in my role as state education commissioner, but as a Public School parent. And as a former Public School classroom teacher. For so many of our schools and far too many of our students, this unprecedented year has pild on crisis after crisis. Its taken some of our most painful longstanding disparities and wrenched them open even wider. Its taxed our teachers, our leaders, our School Professionals and staff, who already pour so much of themselves into their work. Its taxed the families struggling to adapt to new routines as they balance the stress, pain, and loss that this year has given them. It has taxed young adults trying to chase their dreams to advance our Education Beyond High School and carve out their place in the economy of tomorrow. And it has stolen time from our children. Who have lost something sacred and irreplaceable this year, despite the heroic efforts of so many of our nations educators. Thoug