Equity futures after a negative close on wall street. Headlines fromop the bloomberg terminals. Better than feared. The German Government expects this years contraction to be less severe than previously forecast. The economy minister presents new forecasts today amid data from across the region. For more years . Jpmorgan says investors should position for rising odds of donald trump winning the reelection as the president visits kenosha, wisconsin. Apples production glitch. They asked suppliers to build at least 75 million 5g iphones for later this year in a sign that demand is holding up. Just under one hour away from the start of cash trading across europe. Lets take a look at what futures are showing yesterday after we closed yesterday down across the board in europe. We are now seeing futures rise. The ftse didnt sure cash in the futures are down. Index seeing the equity closed down with trading higher. Since the ftse missed out on the drop its futures are trading lower. We have gr
Rise chip makers rally as apple asks suppliers to ramp up chip production cnbc learns bytedance has chosen the u. S. Bidders. A report beijing may need to approve any deal a very warm welcome to street signs. We have been digesting fresh manufacturing pmis this morning. We have heard on individual country basis already. We are awaiting the eurozone number you can see the euro has been holding firm it has been a little bit of a mixed picture with france and spain slipping into contraction. Germany and italy have held firm above the 50 mark. Based on indicators, investors were expecting a little bit of t final manufacturing pmi in line. The mix of Different Countries coming together that means the overall region has come in line with expectations. Not just europe but we got chinese data overnight and has expanded in the fastest rate in almost a decade. Thanks to a rebound. The survey came in at 53. 1 in august the fourth consecutive positive month. Ill give you a check on Chinese Markets
Ways to improve cyberSecurity Issues for the Energy Sector. Witnesses stressed the importance of protecting the Us Energy Grid and what the government can do now to help prepare for potential attacks, held by the Senate Energy committee, this is almost two hours. Good morning, the committee will come to order. We are here this morning to examine federal and industry efforts to improve the cybersecurity of the Energy Sector including efforts to improve collaboration on Cyber Security and Critical Infrastructure protection initiatives. It has been more than a year since we last held a hearing on cybersecurity for the Energy Sector but it is fair to say this is always a timely topic. A critical priority we cant lose sight of even as we grapple with covid19, which becomes the source of our next national crisis. There have been a few noteworthy developments since our last year. Earlier this year the president issued an executive order focused on securing our system from the cyber and physic
More important to traders . The cash trade is one hour away. Thats get your top headlines for you from the bloomberg terminal. Pressing for concessions, stimulus talks in the u. S. At an impasse with the white house and democrats still far apart on major issues. President trump prepares to take unilateral action to extend jobless aid. King of spinoff. Siemens gets a boost from its Software Unit as adjusted earnings climb a prevent 8 for the quarter. We will talk with the cfo shortly about results and plans to list more parts of his business. Plus, we will speak with the bank of england governor, Andrew Bailey, later today, as the u. K. Central bank makes its Rate Decision. What have you got on the boe here . Annmarie as expected, they maintain their benchmark Interest Rate at. 1 . This is what we were expecting. They are keeping their total bond purchases. The target is unchanged at 745 billion pounds. Of course, this is what we were expecting. Now, we have the august minutes coming in
That is coming up next. I mentioned if the goldman shares soaring after reporting 93 revenue trading in the second quarter. The analyst call is underway. What are some of the highlights you can tell us . There is or uncertainty. David solomon did say violet has been very uncertain as far as outlook for reopening, he gave us expectations on what to expect. The expectations for the u. S. Have gotten better. For the globe, worse. This number is equates to a and more than 6 globally next year. If you think banks are undervalued now and you are seeing this type of expansion next year, you are in better shape. That uncertainty still exists. Goldman also gets credit for being able to improve their capital ratios closer to where the fed wants them to be. By selling off assets here and there, we saw a big insurance sale last week to kkr, and being able to offload assets such as leverage loans of the sword. Of the sort. Carol guy talk about the ratio, they have come up 13. 6. Does that mean inve