Close, all the major averages ending the week with significant gains, its a second straight week of gains for the s p and for the nasdaq. We began with fox Business Team coverage, blake burman and edward work lawrence in washington and we will start with blake, what is the latest on the stimulus. I guess there was a movement the democrats say they are willing to lower their number down a trillion dollars, however, no movement at all because it doesnt seem as if either side as if closer to a deal, we had another meeting on capitol hill, the top ford negotiators Steven Mnuchin and meadows, nancy pelosi and Chuck Schumer for democrats. Democrats say theyre willing to drop the number from three and half trillion dollars to another relief package and down a trillion dollars, so long as republicans move up there 1 trillion, another trillion. For the sake of america, meet us in the middle, dont say my way or no way, thats what theyre saying, they want to come off the number. Walking into that
More important to traders . The cash trade is one hour away. Thats get your top headlines for you from the bloomberg terminal. Pressing for concessions, stimulus talks in the u. S. At an impasse with the white house and democrats still far apart on major issues. President trump prepares to take unilateral action to extend jobless aid. King of spinoff. Siemens gets a boost from its Software Unit as adjusted earnings climb a prevent 8 for the quarter. We will talk with the cfo shortly about results and plans to list more parts of his business. Plus, we will speak with the bank of england governor, Andrew Bailey, later today, as the u. K. Central bank makes its Rate Decision. What have you got on the boe here . Annmarie as expected, they maintain their benchmark Interest Rate at. 1 . This is what we were expecting. They are keeping their total bond purchases. The target is unchanged at 745 billion pounds. Of course, this is what we were expecting. Now, we have the august minutes coming in
Face, quote public and private pain after choosing to exclude huawei from the roll out the treasury surges and jamie dimon says the future path is uncertain. We dont know we are very clear, i think, you will have a much more difficult economic environment Going Forward than you had in may and june good morning. Welcome to street signs. I want to take you to some of the market action. As we opened up, we were very strong very little in the way of red ink. More moving on to the charts, it has been an interesting section as we we up the potential for another vaccine for the coronavirus very mixed reports from profit hit of covid19 and the lockdowns and some of the outcome it has been a mixed bag as we rake through the earnings from telecommunication and luxury weve seen a lot of provisioning this morning, trading higher by three quarters of a perfect. You can see how it translates across the core markets. The ftse in the uk is. 8 in the green. Decent outpacing german stocks today. Weve gi
Coronavirus negatively impacted travel and tourism and that while Manufacturing Activity expanded in most regions, some supply chain delays were reported due to coronavirus. In cleveland specifically firms noted weaker demand because of the 737 max production stoppage and concern over the coronavirus impacting supply chains. In boston one retailer said inventory levels were being impacted by the virus, which slowed production at some cheese manufacturing plants also in cleveland a number of manufacturers reported weaker demand from china weighing on Commodity Prices in st. Louis contacts were concerned about what impact the coronavirus will have on Commodity Prices and agricultural purchases several districts said producers feared further disruptions in the further weeks. In richmond there were concerns about coronavirus lowering imports of inputs and retail goods from china in the coming months only the chicago district noted little affect to date from the virus. Now, employment incre
[applause] in uniform, at the back of the room. And this lecture series which is , about great military events, great commanders and sometimes great controversies in the art of war, has been ongoing since almost the beginning of my tenure 15 years ago. It has been our great series on the library. This is probably my last introduction, because i have been drafted by the president , so if you can identify with that, to go to washington to save the republic, which you know, needs saving. But as i always like to say, the command school is the intellectual center of the army. It is selfcritical, selfaware, it plays no favorites and is the best place to learn from the experience and history of the battlefield and with extraordinary teaching and technology, to learn from todays battlefields and commanders. It is also a school for our allies and partners and the future military leaders from around the world, a place where a future chief of staff of the Pakistani Army might rub shoulders with a