Better than it was a month ago. Tom it is all the news that is out there right now. You see a little bit of a lift in the markets. We will get to the data check, but what is extraordinary right now is this historic moment for hong kong. And lord patton with us in 30 minutes, which is a great honor. Now lets get straight to bloomberg first word news in new york city with ritika gupta. Ritika as you were mentioning, lawmakers in china have defied a threat by President Trump, approving a proposal for sweeping National Security legislation aimed at hong kong. The micros the advocates say the measures will curb freedom in the city, and this came a day lead this could President Trump into imposing sanctions on china. Been more than 100,000 deaths in the u. S. From coronavirus. That is three months since the first death announced on february 29 in the United States. According to the institute of Directors Think tank. Wagestly paving 80 of for jobs. The government wants to change it so that co
I would point to a couple of Opinion Pieces that have opened my eyes about the risks in the South China Sea and possible skirmishes or tensions. We focused on the premier of china addressing in a press conference the National Peoples conference and we heard from Tom Mackenzie that this is not the forum for him to address what is happening in hong kong with the strong response from the u. S. Tom our conversation moments ago from lord patten, the 28th governor of hong kong for the united kingdom, his clear message is what is needed is a coordinated response, not every developed economy for itself. Right now, our first word news. Havea lawmakers in china defied the threat by President Trump and passed a proposal for National Sweeping security legislation aimed at hong kong, curbing potential freedoms in the city, a day after the u. S. Declared hong kong was no longer a tana miss. Autonomous. U. S. , milestone for the more than 100,000 deaths from the coronavirus, the worlds highest death.
Bayer is learns that in the process of selling the roundup lawsuit, up to 85,000 suits could be resolved. We are just under one hour away from the start of your cash trading day in europe. A much ameliorated session in terms of liquidity. European stocks futures little bit higher by. 8 . The narrative is clear. It is the easing of the locked down from australia to japan. Japan is expected to lift the state of emergency. That along with the north of italy having almost zero infection rate, the lowest since early march, really changes the narrative. What is the pathway to reopening europe . The dax is up. A oneoff emergency fund. The narrative has changed. Stop futures are higher around europe. To the german data. Let me bring it to you. The gdp for germany quarter on quarter, this is the final reading, by the way, collapses by 2. 2 in the quarter on quarter. The year on year down 2. 3 . What is interesting in regards to germany, there is the dax over 1 , bloomberg expects the economy to
Held by chief executive carrie lam, saying hong kong will increase Virus Testing to Something Like 7000 a day. Thats the hope, anyway. They will be extending that capacity for this territory here as well. Thats the backdrop here is carrie lam just outlined this increase in the number of people who will be tested here in hong kong or who can be tested here in hong kong. Haslinda chinese president xi jinping is promising to make the Coronavirus Vaccine available the pledgedeveloped, as part of efforts to defuse critics to the governments response to the pandemic. The virus does not respect borders. Mankind is a community with a shared future. Cooperation are our most powerful weapons for defeating the virus. Tom mackenzie has more from beijing. She succeed in trying to persuade critics . Tom the u. S. Will keep up its drumbeat of criticism for china. He did make some important points in the speech to the governing body at the world health organization, talking about the need to develop a
Treasury yields are up as jobless claims drop. And open for business again, but where is everybody . Errie calm after restrictions were lifted. Muted the session seemed after the week where we saw gains in global markets. We have a pause when it comes to the stock rally overnight. Finally starting to address the the data we trickling and showing the impacts of the pandemic on the Global Economy and the evaluations we see when it comes to markets. Japanese features trending a little lower at the moment. Futures trending a little lower at the moment. Futures flat at the moment. David a welldeserved break. Lets get to the top stories. Despite a recent wrapping up of tensions, the u. S. Trade representative says he feels good about a phase one agreement with china. Robert lighthizer says beijing was honoring the pact when he took significant purchases in recent weeks. Selina wang is in beijing. Take us through what Bob Lighthizer had to say. We got some positive rhetoric about the trade de