Work on an app to improve Contact Tracing as the country faces to contain the virus. Im still going to welcome to the program u. S. President donald trump has threatened to withdraw the United States from the World Health Organization and permanently and u. S. Funding in a letter to the u. N. Bodies director general mr trump demands changes based on his criticisms within 30 days he accuses the organization of mishandling the global Coronavirus Response and being a puppet of china and china describes his comments as a Smear Campaign that accuses him of shirking americas responsibilities to the w. H. O. Final decision to fund the w even before trump had issued his incendiary letted to the World Health Organization it was clear. He was about to attack. But i think theyve done a. Very sad job in the last period of time. And again the United States pays them 450000000. 00 a year china pays them 38000000000. 00 a year and theyre a puppet of china. China centric to put it nicer but theyre a p
Though still awaits aprooul from the house of rep sentives. That vote expected tomorrow. Jobless claims surging above 3 million americans, far outpacing the record of 700,000 and also well above what economists were looking for around 1. 5 million unemployment claims and the virus itself remains front and center for wall street as italy reports more than 6,000 new cases, the most in five days, the worldwide total now shy of half a Million People wilfred. All of the sectors of the s p higher up 4. 7 . All higher, but one to keep an eye on is energy it has been the best performing. Its now towards the bottom. Still up by 4 oil prices slipped a lot this afternoon. Theyre down 7 , so well hope that doesnt drag the rest of the market lower weve got a huge lineup of gu guesting coming your way, ceo of General Mills, plus peter orszag whether he thinks the stimulus bill is enough to ease the pleading and well speak with the ceo of hertz about their program the give free rentals to new York Ci
Up 1. 4 . It has definitely come off its highs of earlier, and the u. K. 10 year yield down two basis points. In the u. S. , we have erased most of our gains, the s p 500 and the dow in negative territory. The nasdaq is pretty much unchanged having seen a lot of volatility. The dollar index is back above 97. Lets get to Boris Johnsons giant victory. HereBoris Johnson speaking in downing street an hour ago. Johnson i frankly urge afterne on either side of three and a half years, and increasingly arid argument, i urge everyone to find closure and to let the healing begin. Guy the Prime Minister speaking an hour ago. David riley joining us in london. We have seen u. K. Assets responding to the news overnight to this crushing delivery victory delivered by Boris Johnson. Furtherense of how much the u. K. Assets could have to run. David i do think there is some room on the upside for sterling assets. We have taken out two important tail risks for u. K. Assets. One was a disorderly no deal br
This is bloomberg surveillance. These are your markets. Quite a lot going on in terms of brexit. Hopefully there is a lot going on when it comes to trade. That is what the markets are putting their hopes on. Lets get that board up for you so we look at what european equities are doing and a little bit of weakness. Stocks in general higher. U. S. Futures higher. Bonds. S in we are expecting a lot of news out of companies such as amazon. Com. 1. 2 957, all eyes on westminster and a possible vote in the house of commons behind me. That is coming up. More from our interview with mark carney at the imf meeting in washington over the weekend. First, lets get straight to super saturday. That was last saturday. Indian lawmakers voted to withhold approval from oris Johnsons Brexit deal until all the legislation had passed. The Prime Minister was then forced to send a letter to brussels asking for another extension. Later today the government is expected to make a fresh bid to get the agreement
Blaming uk Consumer Confidence and pulling the rug from kingfisher in the sector. And your move, senators. A u. S. Golf. Shutdown a imminent address lawmakers try to round up enough votes to avoid it. The pressure is on the senate after the house passes a shortterm spending bill the iea is forecasting a big increase in nonopec crude production over the course of the next year. It expects the pick up in oil prices to spur higher levels of shale production in the United States but the iea says the recent rally has the potential to rupp out of steam as higher prices weigh on demand. Joining us from paris is Neil Atkinson from the iea. Thank you very much for joining us the question i have is about what is going to happen with the opec numbers weve seen them last year try to curb production. Weve seen that spur this higher price. Thats encouraging shale producers to get back into the market that could depress that price. Is the only solution for opec for that greater demand . You could arg