Sharp snapback connectivity. It is a phase four package necessary . I think it is. The economy can get by without it until the election. Will bringnistration forward fiscal stimulus plans. I think we can make it to there. It is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. In the meantime things are a delay ing, and ongoing negotiations does not help things. I think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. Back and forthd among three parties. The president of the United States, the Senate Republicans come in nancy pelosi. Hard to know where we are going. How big thef packages, there is a sense of whether it needs to be targeted or general. Can we if it does not address broad state assistance . Michael i think getting anything is better than getting nothing, for sure. Even if it were targeted on specific sectors like airline and maybe Small Business, that is better than doing nothi
The banking index very much under pressure. Names like bnp paribas dragging at lower. Rising case count likely to put pressure economically on europe. That is going to feed back into the Banking Sector. By 0. 4 . S up arodollar now trading with 1. 16 handle. We are down by 0. 4 . Alix as you were talking about travel restrictions and lockdown light, european leaders grappling with how to bring the virus under control. Hospitalizations are climbing following a surgeon cases. There are concerns about madrid being overwhelmed at a hospital level. Joining us is maria tadeo from brussels. Walk us through what we might see over the next 48 hours. Maria thats right. There isnt a single approach here from every european country from every european government. Every country is doing this differently. France had a record 16,000 cases. Of course, that is much higher than a neighboring country like italy or germany, which the french government keeps repeating that they dont want to go for a nation
1 ,s p up by nine tens of tech leading the charge. European markets underperforming but the ftse 100 pushing on gains over the last hour. Most european markets gained early than flatlining into the afternoon. We are seeing a bit of a return to the dollar this afternoon, still trading at the 118. 119 earlier on and security markets continue to be in focus as the ecb suggests there may be rates that could be cut further. Lets start off our conversation on the u. K. Labor market which took a turn for the worse in july. Total job losses climbed to nearly 700,000 since the start of the pandemic. Tois considering plans support jobs as per the government cost Furlough Program ending next month. Businesses need support which is why many of the intervention we have put in place lasts the last through the next year. I have not hesitated to act and create effective ways to support jobs and employment and we will continue to do so. From brusselsg us is Vincent Juvyns from jp morgan. Sunak may be s
Maybe we will hear from secretary pompeo. E had the New York Times story about Chinese Students in america, but i agree with you, it is incredibly fluid. We spoke with lord patton about an hour ago, and he was deeply emotional about this moment. What am imagining is he was the last governor of hong kong before it was headed over in 1997, and i am trying to understand what he thinks foreign governments should do at this point. We will be talking about the special trading status over the next few hours. I just wonder whether it makes a difference whether you whether the United States rescinds. Clearly thatvery the Trump Administration cant do this alone. There has to be a developed economy and developed politics , with 2047 being slammed forward to where we are now. Jonathan 90 minutes away, jobless claims this thursday morning, which means we got to look at some ugly jobs data. Lisa and one thing i have been noting is that the pessimism we are seeing in the Economic Data contrasts compl
Minutes. Plus im going in depth on liberty and prosperity. As more americans wear face masks are we getting a faust sense of security . What about that malaria drug causing fights inside of the Coronavirus Tasks force . I will ask a doctor for his take on that. All that and so much more on making money. Charles stocks soaring as investors grasp at the, some early signs of hope in this battle with the coronavirus outbreak, encouraging words from President Trump that the crisis could be reaching some plateau of sorts coupled with encouraging signs across europe and in fact new york state which we know is the hardest hit in this country. I want to bring in capital wave strategist, shah gilani and ehren gibbs. I want to look at the data coming out of europe and south korea, china. Then in moved to italy, now of course spain. Every time i see positive signs ive also seen some correlation with the stock market, at least in futures trading but this is a big move today. No, definitely. I, it i