Could the feds meeting be a catalyst for gains . Wrote erode. Dont miss our conversation with the ceo of automaker psa group. We saw gains on the s p 500. The benchmark erasing last weeks drop. The rebound in tech stocks overshadowing a slide in banks. Futures on the front foot today. Postinguropean futures gains after we saw europes benchmark close in the red yesterday. Pretty much flat right now. The 10 year yield back above. The dollar at a 22 month low. Gold futures touching 2000. If you look at the spot price we are trading at 1009 hundred 45 an ounce, edging up 0. 2 . Havee republicans presented a rescue plan to bolster the u. S. Economy. Before that, breaking headlines. 300 millionabout euros as an impairment in the secondquarter results. That is the headline just crossing from ing. We will bring more details as we get them. It is booking a 300 million euro as an impairment in secondquarter results. We have a line coming through from delivery hero, raising its guidance after gro
London. Gold is on the move. I also wanted to show you lvmh. It is down quite significantly investors inted disappointing investors with earnings. The picture is that stocks and u. S. Futures are pushing higher today. Cooling somewhat but it did touch 2000 late yesterday. Dropped after the french luxury conglomerate reports earnings that missed analyst expectations because of the lockdown. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. Senate republicans have unveiled a 1 trillion plan to bolster the economy. The package, announced by mitch mcconnell, includes an extension to Unemployment Benefits but at lower levels. It includes cash handouts of protection from virus lawsuits. We have one foot in the pandemic and one foot in the recovery. The American People need more help. They need it to be comprehensive and carefully tailored to this crossroads. That is what this Senate Majority has assembled. Meanwhile, nancy pelosi delivered a harsh as
Posted 70 decline in operating profit the ecb urges banks to maintain the band on dividend payouts until the start of next year adding remuneration should also be mod rated speaking to the chair later on cnbc a trillion new stimulus plan puts republicans on a collision course over cuts to Unemployment Benefits saying america has 1 foot in the pandemic and 1 foot in the recovery the senate have been consulting to come up with a realistic proposal with what we think is an appropriate amount of Additional Debt to be added to the economy at this time. A warm welcome to street signs, everybody. One of the biggest movers this morning is in the auto space the psa group has fallen to 84 . The french carmaker said it will maintain 4. 5 operating target predicts a large rebound nor the second half of the year. Lets get to charlotte with more psa shares reacting very well to this set of results. What is so encouraging that we heard this morning good morning. You said it is all about the margins a
Nasdaq hits an alltime high as a combined value tops the gdp of the worlds thirdbiggest annomy, cash trade is just hour away. Here are your top headlines from the bloomberg terminal. Trump says tiktok must close its u. S. Operations by sold. Ber 15 unless it is he insist any sale must include a substantial payment to the u. S. Government. Global equities trade makes after a tech surge sent the nasdaq to a record. Isn amid a positive u. S. Pronounce and hinge from trump as he could face executive action on fresh virus release. Results easing continues infineon. The buyer warrants that the pandemic has stunted demand for nonessential medicines. We wait on numbers and it looks like we are getting numbers from British Petroleum right now. Annmarie, what do you see . Annmarie the dividend to the oil make it maker is cut. This is the First Time Since the bp oil spill in 2010. A historic moment in some senses for the oil giant. , 5. 25. Quarter dividend 10. 5. Second quarter came in at 6. 6 1
Reason. In the 1960 s. The United States and the soviet union were in boiled in a race into space. It was a contest involving huge amounts of material and personnel. Nasa alone employed thousands of people with the goal of putting an american on the moon. But it wasnt just the americans and the russians who were reaching for the stars a Small Company from got consisting of half a dozen engineers wanted to go toe to toe with the superpowers. You can put missiles our promise was not to go high tech take but to go low cost cost. Look forward to get us all togged was the 1st ever private space around and swim. Up to you on t. V. I heard they were going to launch a rocket to. The launch site would be somewhere in africa and thats when they came up with zaire. Almost ahmads we looked at the map which is where you are in iraq no. Because of the scale thats roughly you know i had this feeling that going to the jungle was somehow like opening the jewel to some a fantasy world out in the bush im