Working on holiday. When you look at the markets, they are probably range bound and that is where the nudgyness comes from. We have earnings in europe that will give insight and you have the spat between the u. S. And china, which is significant but is not translating into concrete market movement. Tom we will talk about china and a moment. Airlines front and center. Right now, with our first word news, here is ritika gupta. Ritika china may retaliate for the closing of its consulate in houston by targeting the u. S. Consulate in hong kong. That is according to the editor of the Chinese Communist party newspaper, global times. He writes the u. S. Has over 1000 staff and that means it is a spy center. The editors comments have regally been a tipoff to what the government does. They Trump Administration says republicans are considering a shortterm extension of the unemployment stimulus. Millions of americans received several mental payments that were included in the last coronavirus resc
Los angeles is closed. The employees have just said no. And the Magic Kingdom in disney world, they are attempting to open it, even with the virus in florida. When i am looking at the markets, without question, is the derisking going on . The u. S. Yields have really come in in the last 48 hours. Francine you reminded me in the last hour, there was a big move on u. K. Guild. Lets get to first word news with ritika gupta. Ritika good morning the coronavirus milestone keep piling up in the u. S. The number of new cases has climbed over 60,000 in one day for the first time, and texas, california, and florida, all with a Record Number of deaths. In new york city, large events that require permits like street fairs have been canceled through the end of september. The u. S. Is set to take the next step in a response over taxes on technology giants. Bloomberg learned the u. S. Will impose tariffs on up to 700 million in french goods including wine, cheese, and handbags. The duties would be de
Miami is extraordinary. Francine it is. What we are seeing in the u. K. , ester 10 daysc ago. It seems authorities have a better handling to track and lockdown onng this this city instead of everything. Very different in the u. S. Where cases and deaths are rising and at record highs. Tom amazing to see the acceleration in the death rate in some of these states. For our international audience, it is in america, riveted by this virus. Ritika morning. Coronavirus milestones climbing in the u. S. , new cases climbed over 60,000 in one day for the first time. Florida,lifornia, Record Number of deaths. New york city events requiring permits have been canceled through september. The u. S. Is set to take the next step in a battle with france over taxes on technology giants. The u. S. Will impose tariffs on 700 million in french goods including wine, cheese and handbags. Biden has laid out a plan that will make americas economy better than it was before, he says. To boostdate wants manufacturi
There would be governments to the rescue of fiscal underpinning to what is trying to be a recovery. You mentioned the important Goldman Sachs story, but clearly the markets are lifting here with a belief that governments will once more step in. Francine and there was a pretty incredible rally with shanghai stocks up 5 . Lets get to first word news in new york city with three. With ritika gupta. Ritika a coronavirus record. The seven day average of new cases reached another new high yesterday, and over the weekend florida and texas established daily records. The county the top county official in the houston area once more restrictions to contain the spread of the disease. The State Government has blocked her from doing more. Indiana has the thirdlargest number of coronavirus cases in has third india the Third Largest number of coronavirus cases in the world, surpassing russia. Theite implementing one of most expensive lucked out at the end of march. President trump sounds as though he i
On a friday in june, this is a huge deal. For me, the headline of the week was qantas in australia delaying International Flights into october. Madame lagarde is on that calendar. Im sure what she is saying come and much of what we saw in the United Kingdom yesterday, is lets get to it and keep the fiscal stimulus pressure going. None of these people are standing aside and relaxing. They clearly seems to be the message. Francine 100 . If you look at the shift of a lot of the language of the Central Banks, they see the range of forecast tilting slightly to the downward compared to where they were months ago. We will have plenty more on the markets. Lets get to first word news in new york city with ritika gupta. Upika china plans to speed purchases of u. S. Farm products to comply with the trade deal. Beijing will buy everything from soybeans to corn and ethanol. Purchases fell behind because of disruption caused by the coronavirus, and the countries have been sparring over the origins o