Of significance in what is happening. I just want to make sure every audit i just want to make sure everyone understands that. If you look at the markets, there is the election uncertainty. In the u. K. , we are being briefed by the Prime Minister at that 00 p. M. It has been a long time since it we have been briefed. We are expecting him to announce measures such as closing of restaurants at 10 00 p. M. Why not catch the virus at 8 00 p. M. . Cut to the deli delinquent way of not crushing hoursnomy, but avoid the of drink and cocktails when you do not social distance as you should. Tom if i want the yorkshire the last sitting is 6 00. Is that what youre telling me . Franciene 7 30. You are right. Settings, one two at 7 30, one at 9 00. It really crushed the restaurant market. Tom there is the most Important Information today. [laughter] here is ritika gupta. Ritika the u. K. Government is telling the public to work from home if possible. It comes alongside new restrictions for bars an
Suddenly very risk off, with the s p 500 and dow down. The nasdaq is down one point 25 for the worst performance. , dow jones news reporting it is facing criminal and civil scrutiny into years of 77 max Quality Control lapses. Once again, reporting that boeing is facing criminal and civil scrutiny into years of 737 max Quality Control lapses. As we know, boeing plays a part in many of these indices, so it is definitely weighing on those in the last few minutes, erasing most, if not all of its gains. In numbers tomorrow, which is worth bearing in mind. Inopean banks are firmly focus. Loan loss provisions a big part of what we are seeing here today. , one of which is results out today. What thee a listen to banking ceos we have been talking have had to say about the economy. Greatres obviously a degree of uncertainty around that range. We saw 3 billion of expected credit losses in the first quarter, up fourfold on the charge from q4 of last year. 7 billion to 11 billion range is an estim
Governor has the central bank is expected to lower its rate path. Anna this is bloomberg daybreak europe. Lets talk about what been going on overnighting westminster. I am live on ground as we discussed another night in the commons and house of lords. A deal to block no brexit has made steady progress through the house of commons and into the house of lords. Overnight, there was a fear it would get weighed down by all wrecking amendments put forward by the government but that doesnt seem to have been the case. Things moving faster than expected to see the approval of that bill that will block a note of brexit. Could Boris Johnson forced to go to brussels and ask for a delay, something he said he would not do . Would he not deliver brexit by the end of october . He said he would do that, do or die. Timing will be everything. Jeremy corbyn has said he wont give the Prime Minister the general election is looking for an hes assured the passage of this bill. We will look at what the labor p
And Boris Johnson. There is a lot going on in the markets we are also getting a little bit of news from italy with the new government being sworn in. Can see the pound is what we are watching out for. Overall, there is a little bit of a risk on mood when it comes to the markets. Back to the Italian Government. The one that we need to watch for is the new finance minister. Were seeing the cabinet sworn in with the same Prime Minister, that is conte. Lets get straight to first word news. China and the u. S. Are holding the next round of trade talks in early october. Thats according to the commerce ministry. They confirmed ministerial level talks in the next week but did not specify when. The two sides are trying to end the trade war but there is still skepticism on both sides that any Real Progress can be made. Hong kongs chief executive carrie lam says withdrawing the extradition bill is only the first step to address the unrest in the city. She also says the decision will be made indep
The u. S. Continues to lead the world by a large margin, at least on the coronavirus front. Donald trump today called his hometown, new york city, a hell hole. This may have something to do with that. The words black lives matter in yellow paint on fifth avenue in front of trump tower. On the political front, the president s push to get back into school is sinking in among families who are debating the safety of it depending on where they liv teachers as well. On the judicial front, the president s closely guarded finances were at the center of two Supreme Court rulings today, decisions that lay down firm markers on the scope and limits of executive power, and they do force trump to extend his battle to keep that information private. The rulings came on the last day of the courts term. In one case, the justices cleared the way for the manhattan d. A. , cyrus vance, to see trumps financial documents himself, which had been subpoenaed by a grand jury as part of that investigation into th