Chancellor unveils his 30 billion pound stimulus package. We will get reaction from the labour party, his counterpart joining us shortly. Life aliveds london, sitting in for francine in the early part of the program. The london market is the real laggard. Well. X in germany going s. A. P. s numbers certainly a big weight in the dax and a big help in those efforts. We do see a little bit of stalling in the risk on moves. We see some of the oil price moves, down by. 7 . Checking ino worth on. Angela merkel in brussels calling for a huge amount of cooperation needed to save europe from its current challenges. Lets get a first word news update. Morning. Global coronavirus cases have exceeded 12 million with the u. S. Now counting for more than a quarter of confirmed infections worldwide. California and texas are reporting a surge in cases. Says the fed president renewed threat is adding to pressure facing the economy. She says these numbers are troubling. Australia is suspending its extrad
What are we doing what, when, and how will it turn out to secure jobs and economic recoveries engine trouble shares in royals royce fall toward the bottom of the European Market as the Aerospace Engineer sees the Credit Rating cut. And the European Commission reportedly strikes a deal with roche to supply covid19 treatments to eu Member States but the swiss drug maker telling us its committed to meeting the needs of patients worldwide. And the stock markets here in europe have been trading for an hour so well well dive into what were witnessing the market has moving slightly positive modest gains here. Not exactly keeping pace with wall street where weve seen gains on the three major indexes but markets have been softer especially on the core markets theres been a lot of german stocks, in particular. Its been slightly disappointing week in terms of pace of acceleration for stocks here as the heat map is telling you, theres fairly evenly split trade between some of the gainers and loser
Humans to. Had taken stake in the huge slice out of sales for producers. Is all a lets do business the environment is a big window with economies around the world coming to a street chain holt as companies crank up production the dream of a clean a future is going up in Smoke International Energy Agency is calling for states to include aid for green policies in their corona rescue packages. Shuttered shops empty high streets life at a standstill in many parts of the world the pandemic has prompted governments to take action to stabilize their economies. Airlines have been rescued and stimulus packages of help Keep Companies afloat but with so much attention being devoted to the Health Crisis there been calls not to neglect other pressing issues like Climate Change. Such concerns have prompted the International Energy agency and the International Monetary fund to propose a plan that aims to unite climate protection with economic growth. Among the goals and you will Global Growth of 1 po
Coronavirus cases top 12 million. Vice president pence says schools should reopen. Raphael bostic warrants about the hit to Consumer Sentiment. Stock market frenzy pushes the shanghai composite to its highest level since 2008. Thats after mega cap tech took the nasdaq to another record overnight in the u. S. Recovervenue begins to from the pandemic fuel slowdown as your europes Technology Company sees a bounceback and Software Deals throughout asia. Just under one hour away from the start of cash equity trading in europe. Lets take a look at where futures are pointing us right now. Ftse futures up about. 6 . Take a look at u. S. Futures. They have been down though only slightly. Anna, what have you got . Anna lets have a look at breaking news. Numbers coming out from rollsroyce. The engineering business, the engine maker here in the u. K. Giving us details for Free Cash Flow and cost medication action. They themselves are taking it. One billion pounds for cost mitigation action for 202
Reappearing here. I am a new new jersey girl. There has been a new executive order signed by Governor Phil Murphy about wearing masks. At us check on the markets. On the back of some of those concerning headlines regarding deaths in florida and texas because of the covid crisis. The Dow Jones Industrial coming off by one playboy percent. And some risk aversion in europe. Tensions between the u. S. And china. The u. S. Dollar continues to show some strength. Keep an eye on that market and Pay Attention to the dollar and what happens with the hong kong dollar and the chinese yuan. A lot of risk sentiment is being reflected in those assets and it could be a key on how u. S. Markets trade on friday. Concerns about the supply side. Field in libyan production. Sinking below 40 a barrel. Let us get to that exclusive interview. Take it away, david westin. To our Bloomberg Radio and tv audience, worldwide, im david westin and we are joined by the governor of new jersey. Thank you for being back