Thisyou need to know on monday, futures advance through the hour. Upures up 0. 7 , dow futures 0. 2 . What i find fascinating is the centralbank action no one is talking about. It is almost as if the Central Banks dont exist in july. Jonathan it is just assumed that they continue doing what they have been doing. The ecb coming up this thursday. The focus is on the variable policy move. That comes from the fiscal authorities in the United States over the next month and in europe. European leaders meeting going into the weekend. Guest after guest lining up the hind a long europe view. Thats going to get the test this weekend. Tom part of the test is going to be the bank earnings. Lisa abramowicz, i guess we have a flat yield curve. I guess weve got a completely odd bond market. How does that benefits the banks . Lisa the answer is it does not. The flattened yield curve is negative for the banks because you borrow short, lend long. You are nothing for it. On the other hand, the low rate r
Critics have called racist for decades. And red state shift. Our Battleground Tracker shows joe biden running strong in three states that President Trump needs for reelection. See which voters are turning against the president and why. But first, heres todays eye opener. Its your world in 90 seconds. Education is a promise to students and their families. If schools arent going to reopen and not fulfill that promise, they shouldnt get the funds. Cases are now surging nationwide. But florida has shattered the record for new single day covid19 infections. You tweeted seriously, people, stop buying masks. Once upon a time we prescribed cigarettes and leetchs and cocaine as heroin treatment. President trump put on a mask for a visit to walter reed. I nothing against masks but i believe they have a time and a place. At least 21 people were hurt after a navy ship caught fire while under maintenance at Naval Base San diego. You could smell all the ash in the air. Controversial use of force is
And australias secondbbiggest city back in lockdown for six weeks. Our correspondent is on the way with details. I am genie g godula. Thank you for joining us. Emmanuel macron is holding the first meeting of his new cabinet in. The president is selling the reshuffle is meant to create a new path to help france through its worst, crisis s since world wawar ii. Analysts say it is a way for him to call back his popularity after his party took a hitit in local election. The new cabinet does not come without controversy. The e man named to the coaoast f is aior m ministerr 27yearold who under investigation over a rape allegation. A new justice mr. Is minister is eric dupont ready eric dupondmoretti who is known for his controversial comments on the metoo movement. An unexpected face in frances up as ministers. Dupondmoretti is a political novice and a renowned critical lawyer. With over 140 acquittals to his name. Internrnationalllly, he is knowr his defense of Julian Assange and his campai
Good morning, everyone, and welcome to bloomberg surveillance. This is what the markets are focusing on. Partly, the number of infections rising in the u. S. But partly also what we are hearing from economies in europe reopening. European stocks sliding for a second day. We did lose a bit of momentum in this equity rally in the wake of damage caused by the pandemic. Hsbc slumping after Donald Trumps advisor proposed a move to punish banks in hong kong and destabilize the currency peg to the dollar. And goldng below 41 trading near its highest level since 2011. Lets get straight to the bloomberg first word news. Good morning. The white house has made good on its threat to leave the world health organization. The Trump Administration has sent a letter to the agency giving it a one year notice it plans to quit. President donald trump says the International Body has been too deferential to china in its handling of the pandemic. The move comes as virus cases in the u. S. Near 3 million. Som
Virus. This is two and a half hours. This hearing will come to order. This thing is another remote hearing by video. A few Video Conferencing for minors youre probably health used to these. Once you start speaking, there will be a slight delay before years displayed on screen. To minimize the background noise, please click the mute button until it is your turn to speak or ask questions. Theres a Technology Issue we will move to the next senator until resolved. I remind all senators there is a five minute clock that still applies and should be on your screen. At 30 remaining i will gently tap the gavel sometimes i forget to do that but i will try to do that better today. And remind you that your time is almost expired. To signify the process well get it rated to go by seniority for this hearing. Today Federal Reserve chairman Jerome Powell will update the committee on Monetary Policy development. In the state of the u. S. Economy. Its only been four months since the last hearing burstin