People saying we are going to get this rotation out of growth, into value. That rotation seems to be overdone. I wonder if you are still going to get people trying to push that narrative. Jonathan yields higher off the back of the ppi data yesterday. Friday. Y, retail lisa we are expecting a little bit of an increase, kind of like what we saw yesterday. It is going to be interesting to see whether weve got a further selloff in bonds. We will get another record sale of u. S. Treasuries on the long end, selling 10 year notes. Yesterday we saw that three year auction come in very strong. Interesting to see whether that happens again. Today we are going to be hearing from the Vice President afterate Kamala Harris joe biden selected her as his running mate. They will be speaking in delaware later today. Jonathan lets start with the fx market. Eurodollar starting to push just a little bit higher, up 0. 3 . In the equity market this morning, equity futures up by around 25 points, up around 0.
Universities for foreign students and yet theres hardly anyone on this campus today most of us students are staying at home afraid of what the coronavirus might do to their studies and their lives and a lot of them are why read about their finances. While they are no 2 wishing fees at public german universities Living Expenses amount to an average of 867 year olds a month. Students spend around 330. 00 euros on rent but the cost is much higher in big cities. Thats why 3 out of 4 foreign students work part time to support themselves. I applied to make a lot of number of companies but theyre not even big interview thread so i just called the interview call from navan lake 3 months so its a pretty bad situation and on some jobs level to devean she says he still plans to stay in germany despite financial constraints. They can do with the media or anything like that before that and do some other courses along with it so i mean its not a rush but. Maybe i will have to finance myself you know
Good morning and welcome to bloomberg surveillance, im Francine Lacqua. The focus firmly on earnings. Impetuso give a bit of to industry groups. European stocks rising. We had pretty good earnings for american tech giants. Speaking of Economic Data and some of the bad data we had out thee, we are also getting italian gdp figure. 15 and itmate was fell less than perspective. Somee also getting breaking news out of the bank of japan. Lets get straight to the bloomberg first word news. The spanish and french economies have suffered their sharpest contractions. Output dropping 13. 8 in the quarter. The eurothe whole of area comes out at 10 00 a. M. And is expected to show a 12 slump. Talks in washington over a new pandemic relief package making little progress. Senate republicans are planning to vote. It must be part of a comprehensive plan. It gives republicans a chance to say they tried. The u. K. Has reimposed lockdown restrictions across parts of the north of england. Some britons have
Are miles apart. We are focused on that potential record close on the s p 500. The number youre watching for is 3386. 15, a couple points off of it as we stand, sara. Hard to believe that we are here coming up on todays show. S p 500 could close at a record high for the First Time Since mid february were going to talk to wharton professor Jeremy Siegel about whether the rally can last from here. Plus counting down to a pair of key Earnings Results after the bell, lyft and cisco gearing up to report well bring numbers and analysis as soon as they hit. Lets focus on the stories were watching with one hour left of trade. Mark santoli with the action, colin rush from oppenheimer. Lets start off with the broader market, familiar things taking us higher, tech, lower treasury yields and the like. Thats right. A bit of a reform to norm. Yesterday 3381 of about the late selloff. Of course were a couple points above that right now its kind of tantalizing also seems a little bit silly this hesita
It highlights the urgency with which supplies are needed to protect essential workers on the front lines treating those who have fallen victim. The governor said that higher numbers show that Health Care Workers are churning through supplies on hand. But when youre burning through 46 Million Masks monthly. Even having 100 million of the n95 masks and inventory you can go through those pretty quickly. Reporter going big is the name of the game. He announced the state is extending an agreement with a chinabased manufacturer to purchase 120 million n95 masks. In 300 million surgical masks. A big number for a big order which Governor Newsom says is far from over. We really get the price down significantly. We are in a different environment. And we will demand more competitive pricing. Not only in this environment going forward. Reporter is the name of the manufacturer sounds familiar be whitey. Thats because the governor inked a deal to pay the company 1 billion for masks. The federal gove