Marred the city since jacob blake, a black man, was shot in the back by a Police Officer on sunday. Masks to become compulsory throughout paris. The french Prime Minister laid planse plans as part of to fight covid19. Those are your headldlines. Yoyou are for r joining us. I am genie godula. Hasfrench foreign minister announced measures for covid19. France has seen a resurgence of cases of covid19, an average of about 3000 new cases a day. That number went up to a most 5000 new cases reported on wednesday. A percentage of positive cases among those tested is growing. Lockdown,just after and now it is at 3. 7 . Statistics tell us that the virus is most active among young people, people between 20 and 30 years old test positive at a rate of 6 higher than the national average. The covid19 9 security measures are having a big effect on the france French Business community. To talk more about that, lets bring in our Business Editor stephen carroll. What were business leadeders interested in
Furloughs taking place the other thing to keep an eye on is the high yield bond etf, hyg, and also the junk etf, spider, bloomberg, bark clays, hy bond, jnk were seeing those jump because of some of these fed actions which include now basically buying into and helping support u. S. High yield corporate bonds, so really talk about taking all the tools out of the chest its cause something strategists to now circulate notes today asking what could potentially be next for the fed is it going to be Something Like buying into actual equities . Guys carl . We are glad back to have on our air art cashin, director of floor operations at ubs and bob pisani art, we have missed your guidance and wisdom over the past few weeks as you recover from an accident, but its great to have you back let me just start off by asking you about this historic fed move and as you said in one of your notes this morning with powell on the tape, the game is now on the table. What do you mean well, its, you know, the
Of legislative affairs, and winning over india, u. S. Tech giants move into the country with more than half a billion internet users. We will explore why not everyone is happy. But first, to our top story. It is finally here. After three years in the making, the u. S. And china have signed phase one of their trade deal. President trump and the chinese vice premier puttingpen putting pen to paper. Mp china has made substantial and enforceable commitments regarding protection of american ideas, trade secrets, patents, and trademarks. China has also pledged firm action to deal with pirated and counterfeit goods, which is a big problem for many in the room. Taylor those people in the room, executives from qualcomm and ebay and others. A director of cyberspace policy at the council on foreign relations, and in washington, bloombergs peggy collins. Peggy, let me start with you. What did we learn from the signing today . Peggy with the signing, what we have learned is that the u. S. And china
President trump talking about trade gave us an insight into the u. S. And china in terms of negotiations. A lot of focus is on what is happening in hong kong with heightened tensions playing their part in a selloff. The u. S. 10 year yield is at 1. 1010. Eurodollar at coming up, we speak to a bank chief executive a little bit later on. Lets get straight to bloomberg first word news here in london. 3g capital is said to have submitted a bid for an elevator business. That comes as a surprise with 3g having made a name for itself buying food giants. They understand the elevator unit could fetch more than 15 billion euros. They are still debating a minority or majority stake. Hong kong has announced a suspension of all schools in the city. This as the security chief warns of unthinkable consequences if violence continues. Early commuters packed on to the first trains amidst calls to impede rushhour traffic. The International Energy agency says Global Oil Demand will likely plateau around t
Just out he says that we know we need to take the time to get this right. And he expects that the time between now and the launch period will be an open process and he acknowledges that it will be subject to Regulatory Oversight and review he also says that he agrees with the concerns of fed chairman jay powell, that reviewing libra needs to be a patient and thorough process rather than a sprint to implementation david marcus also calls Economic Empowerment one of facebooks core values. Thats why theyre participating in the development of this currency he says and emphasizes that libra will be a payment tool and not an investment. He likens it to cash rather than to boyitcoin but he also lays out the danger of failing to act. He says that if the u. S. And facebook does not take the lead on this issue, we could soon see a Digital Currency controlled by others, whose values are dramatically different so there you see david marcus agreeing that the organization that will create this Digit