Book the world. Francine lacqua in london. Extraordinary markets yesterday. Francine extraordinary yesterday but today they are taking a breather. On folks yesterday was moderna. Say if we haveto better news on the early trial of this vaccine. There is a huge fund being put in place by Emmanuel Macron and Angela Merkel. Again now, a bit more temperament or a little bit slower as we expect some countries to go against it. More subdued markets than yesterday. Tom interesting. Markets pulling back in the last few hours. With over a world news in new york city. Federal reserve chairman says the central bank is prepared to use its full range lendingd plans on rate neil zero than rate to near zero. Ritika President Trump is taking the antimalaria drugs he has promoted as a treatment for coronavirus. That is despite government warnings that hydroxychloroquine can have serious side effects. The president says he has been on the drug for about a week and a half. Mike pences press secretary test
Unemployed in america is truly unimaginable. I cannot emphasize enough, francine, in the last six hours, the rhetoric between washington beijing. It is extraordinary, going back to 1972 with president nixon and china. Francine lets get to first word news in new york city with ritika gupta. Ritika good morning. The white house is rebuking chinas military and economic policies in a report to congress. Themberg obtained a copy of report before its release. It falls china for u. S. Human rights it falls china for human rights abuses among other things. Resident trump stepped up his rhetoric against china on the coronavirus, suggesting xi jinping is behind a propaganda attack against the u. S. And europe. The Senate Passed legislation that could result in China Companies being delisted from stock exchanges. Republican senator john kennedy says he wants china to play by those rules. Votedin, lawmakers have to extend a state of emergency for another two weeks. They backed by minister Pedro Sa
Shortly. What do you observe this morning, nejra . Nejra im observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. Also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. There were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. Analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the vshaped recovery. That is what i find staggering. A 15 rebound in 2021. Tom i think you are dead on in that, nejra. There is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with depressionera e
Lagarde,at, christine madame gore gave a of the International Monetary fund, and your conversation with Andrew Bailey. Francine if you distill what we are trying to do, there are three main questions what kind of recovery and recession will be get, the inflationary versus deflationary debate, and the economic scarring. We will try to do that with the bank of england and the imf, touching on what countries may need support in the future. Christine lagarde also extremely interesting because it will be the first time we hear from her since the German Court Decision so we will hear from her about the legality or not about what they did. Tom the complexities of this German Court Decision, George Saravelos out with a blistering note, wondering even if the ecb will respond to the german court. We respond to our first word news. U. S. And china trade negotiators will speak as soon as next week to try to make progress in implementing a phase one deal, President Trump threatening to terminate th
Today, francine. After the three day weekend here in the united states, what i really suggest is the testing of how we get back to normal. The markets decided with futures higher. Francine we will have plenty more on the market shortly, but now lets get straight to bloomberg first word news from new york city. Ritika good morning, in france hasn hong kong, carrie lam defended the sweeping new security laws. She says it is untrue that the legislation would ban street protests. She promised Hong Kong Freedom would be preserved. Prodemocracy groups are planning another major rally tomorrow. President trump is vowing to move the Republican Convention out of North Carolina unless crowds are allowed. Statesa shot at the democratic governor, roy cooper. The president says he wants to be assured that republicans can gather in charlotte in august, whether there are coronavirus outbreaks or not. British Prime Minister Boris Johnson is facing another day of pressure to discipline his top adviser.