August and a different first of september that has transfixed the nation. In the markets, there is no question i am looking at a weaker dollar today, a profoundly weaker dollar. Text still lifting. Francine the weaker dollar also giving a lift to commodities. A full roundup of the asset classes. To the bloomberg first word news. Ritika President Trump President Trump claims a man arrested for killing two people in wisconsin was acting in selfdefense while simultaneously criticizing the killing of one of his supporters over the weekend. Joe biden flipped to the republican slogan that nobody is safe in joe bidens america, he said the president cant stop the violence because for years he has fomented it. J. P. Morgan chase says investors should prepare for the chance President Trump gets reelected. The bank took a look at polls and estimates there could be a shift of up to 10 points from democrats to republicans if the protests turn from peaceful to violent. The pandemic has created tons
We see a bit of a drop when it comes to european stock equities, down some 0. 4 . A lot of the focus is on what Central Banks will and wont do in the upcoming days. Looking at pound, because of herschel he parliament and the suspended. Rogued, 1. 63, soear yield at it is stabilizing a little bit. We will be speaking to a Morgan Stanley chief executive. That interview coming up at 7 30 p. M. London time, but first, lets get straight to new york city and the bloomberg first word news. Of the chineser communist party taking aim at comments from a peter navarro, saying they are unconstructive lies. The president ial advisor is considered a hawk. He has repeatedly accused china of seven deadly sins. The peoples daily says such comments are preposterous. Te winningster con the first of two confidence votes in the italian parliament. Withomised to work closely brussels on a 2020 budget featuring lower labor taxes and a minimum wage. Later today, his Government Faces a senate vote. Factory pri
Afternoon if you are watching from asia. These are your markets. We have quite a lot going through and extra data to check. You can see the stocks europe 600 down 2 because of the fair catch fresh tariff ramp imposed kind of came out of nowhere. People are wondering if it means we will not see a resolution. The one to watch, extending gains and treasuries heading higher. Crude at 54. 8. And if you break down some of the stocks and where we are seeing nervousness, you can see basic resources down 4 . And the u. S. 10 year yield at 1. 84. Coming up later on the program, we have a great exclusive for you. When youre on from taking the ,op job, we talk trade, china and luxury with chief executive. Dont miss that interview 30 minutes from them. From now. Now lets get first word news. The new Prime Minister has seen his parliamentary majority cut to just one after losing an wales. N and the liberal democrats won the special ballot. The tory mp for the area have been recalled after a convicti
Germanys business conference figures that is a test below figures. Figures. H low a lot of numbers out there. The ecb is what people really want to know about. The treasuries edging higher. A surprise in ecb policy that will play out on eurodollar. Currently at 1. 1126. And the weakness of that economy. This ahead of later mario draghi. We will be seeing that press conference. Lets get to bloomberg first word news with viviana hurtado. Viviana Boris Johnson clearing out more than half of theresa mays top team. A stream ofidating brexit enthusiasts into his cabinet. Becomes l counselpecial u. S. Robert mueller largely disappointed democrats with his testimony yesterday. Some wanted him to read aloud potentially damaging parts that he declined. Trump. Resident Donald Mueller didnt offer any clues. Bernie made off asking trump to shorten his 150 year prison sentence. The 81yearold is hoping to finish his fight and freedom. Made off was jailed for running the biggest ponzi scheme in histor
We heard from jay powell. We will hear from him again today. The eurodollar, 1. 1278. There is a lot going on, not only about trade. Official taxes that france will vote on. There is a mood on what happened to euro depending on what we get from the ecb minutes that will be released after midday. We will watch for that and any movement on currency. Coming up, we speak with the sao paulo governor, he is joao doria. Plus we will speak to sheriff brown about u. S. Politics. Lets get to the work first word news. Deutsche bank is now being probed u. S. Justice department as an expanded investigation. The u. S. Is reportedly taking a closer look at a former Goldman Sachs executive who later worked at the german bank. Authorities havent accused which a bank of wrongdoing. Another federal probe, the u. S. Investigating frances plan to tax tax giants. Socalled 301 investigation is the same tool donald trump used to impose tariffs on china. Korear japan nor south has much political incentive to c