Stoxx 600 at a record high. On top of that encouraging news out of china. The pound, 1. 3363, getting a little bit of data with manufacturing. 45. 9 but it is still also indicating contraction. Lets take a look at a share price of electoral a come of , those are down. Mark carney will present the financial report. Thats from 5 00 p. M. London time and we should be a week away from the nomination of the new bank of england governor. Lets get straight to bloomberg first word news in new york city. Boris johnson will appoint new ministers to his cabinet after his landslide victory in the u. K. Election. The Prime Minister will welcome 109 new conservative members of parliament to london. They will take their seats in the house of commons. Downing street saying the government will introduce a law to deliver brexit before christmas. That will pave the way for the eu divorce and take place by the end of january. The International Effort to rein in fossil fuel pollution stumbling after u. S.
Just a little bit of selling often treasuries. Crude oil is strong today, above 60 a barrel, giving a boost to some of the Oil Producers as well. In europe, we did get some disappointing ism data, but that is not doing anything to hold back markets. Stockocks euro 600 the euro 600e stoxx up. Sterling is off of its high, which was above 1. 35, after the election results. 1. 3334. The renminbi at 6. 9 nine today. Lets get to the latest on the geopolitical and mark laid implications of the phase i trade deal between the u. S. And china. Joining us is tom orlik, chief for bloomberg academics bloomberg economics. Tom i think there is a tangible sense of relief that a phase i deal is going to get over the line, and that those december tariffs are not going to go into effect. The rollback of some existing tariffs is an additional positive. At the same time, we dont have to go very far back in history to osaka over the summer or on a series or but osiris or buenos aries to remember what trade
We start with the u. S. Senate bill aimed at supporting hong kong protesters. Ministry said in a statement that it blatantly interferes in Hong Kong Affairs and other china internal affairs. Bloombergs great at china editor karen leigh, walk us through what happened. Karen this follows chinas line telling the u. S. To back off when it comes to hong kong. The into options that it could take. Sees a bit hong kong of a more normal daytoday after many days off, and a standoff between protesters and police is coming slowly to an end. Looking ahead towards district elections on sunday. Should the government delay or postpone them, that could lead to more protests, so all eyes sickly turn to next weekend. Eyes basically turn to next weekend. Alix thank you. Bloombergs matt miller joins us from frankfurt. Walk us through the highlights of the report. This twice a year, as you said. They think this is a part of the responsibility they have for setting Monetary Policy, to also point out the risk
Low to mid 60s at noon. Grab a coat at 7 00. Mid to upper 50s. Hi, jobina. Hi, mike. Good morning, everyone. A live look at the bay bridge toll plaza. Metering lights are not on. You can see things are starting to fill in here. Ive been checking out our live camera of the bridge itself. Once you get through this, it will be smooth sailing into San Francisco this morning. South bay, how are you doing . 260, san jose looking good right now. Nice and clear. Its been a clear commute across the board including mass transit here. 11 trains running for b. A. R. T. , no delays there. Ace 1, no delays. Reggie and kumasi . Thanks. In just a few hours, pg e could start shutting off power to cstomers in the north bay. More than 51,000 customers could be impacted in sonoma, napa and solano counties. Lauren martinez joins us live from santa rosa where people can get help this morning. Thats right. The residents in sonoma and napa county that may be impacted could start to lose power at 7 00 this mor
Slightly to the downside. The rallyderpinning we are seeing today. Adding to the losses that we saw for the gold price on friday. That is indicative of where we are. Take a look at what is going on here. There is a big rally for bonds and australia. As we getis is japanese funds shying away. Paper. Ssie that is where we are right now. Lets find out where we are with the first word news. Su thank you very much. Lets start with Michael Bloomberg. He is joining the crowded race for the white house, entering the Democratic Campaign with a mix of moderate policies and experience in business and government. The 77yearold launched his bid by saying that President Trump is an existential threat to the u. S. And to its values. He added that america cannot afford any more of what he termed was the president s reckless and unethical actions. Michael bloomberg is the founder and majority owner of our parent company. Minister Boris Johnson has launched a conservative Party Election manifesto, pledg