Commerzbank. There it is, new york city, the private equity firm really going after commerzbank. They throw out the chairman, the ceo, and you have to wonder how t adjusts the plan from adjusts the plan. The body count of three major european banks it is a stunning 61,000 redundancies just over the last number of months. Costcutting has got to be front and center for mr. Sewing. Francine he mentioned that a little bit. We also had a conversation on wirecard, saying there is something that they need to look at even more. Lets get to first word news with your take a group that. Reportedeijing has zero new coronavirus cases for the first time in 26 days, a sign that a resurgence that the second wave in china is now under control. Instead of an across the board lockdown, beijing tested more than 11 million people. Anthony fauci says any Coronavirus Vaccine would be limited in how it would provide protection. He told a Video Conference that Health Officials assume a shot would offer a degre
Theseard some of questions wrapped around the surging equity markets that we saw yesterday. Jon is going to do the data in a bit. We saw a pullback in the data this morning. Butee it in bonds as well, a most interesting day all in all. You centered your data checks on the mystery of the u. S. Dollar. We are going to address that in a bit, but it is still a remarkably resilient u. S. Dollar. Jonathan and a hugely divisive debate at the moment about geographical bias. A lot of people focused on that word divergence. What is the reopening we can depend on . Is it not the United States . That is the question that has come up continually. For this recovery, the reopening, it will be bumpy and we will see a lot of evidence of that today in australia. At theu mentioned this top of the last hour. To see melbourne on official relocked down, that was sobering. Of about 5ity Million People and a daily infection rate pushing 200. It is a different approach. It is about the science, yet the policy
States come and the jobs report two days away on thursday. To me, all of it is superseded by a global virus update. There is a little bit of good news, but it is overwhelmed by the bad news, and this news out of hong kong, i thought steve engle and anna edwards conversation with lord paren that lord patton was extorted very. Response that we could see from washington will do well worth watching. Lam just carrie finished a speech where she said freedom of the hong kong population it is unclear how china will interpret the new law that has been passed. Coming up in the next hour, our exclusive conversation with barclays executive jes staley. We will talk with him about loans and markets. Lets get to first word news with three. Ritika good morning, tom. The stage has been set for another confrontation between the u. S. And china, chinese lawmakers approving a National Security law for hong kong, punishing acts of terrorism and seclusion with Foreign Forces. The law will shape future of ho
Welcome to verified live, three hours of breaking stories, and checking out the truth behind them. The former ceo of Global Fashion brand Abercrombie Fitch and his british partnerface allegations of exploitation from men recruited for sex events they hosted Around The World. A bbc investigation found a highly organised operation running the events, with a Middleman Finding Young Adult men for mikejeffries and his partner matthew smith. Jeffries is regarded as the modern day founder of abercrombie and fitch, which also owns the Hollister Brand. Eight men told the bbc they attended these events, some of whom alleged they were exploited or abused. Two former us prosecutors who independently reviewed evidence uncovered by the bbc have called for an investigation to determine whether charges for Sex Trafficking could be brought. Mrjeffries and mr smith did not respond to requests for comment. In the early to thousands, sexualised imagery and provocative billboards turned the teen retailer,
Backpack. The Broward County sheriff, scott israel, plans to give us a timeline of how all this unfolded today. President trump addressed the nation this morning. He said, no parent should ever have to fear for their sons and daughters when they kiss them goodbye in the morning. The sheriff earlier today said that they were still compiling this timeline of exactly what happened when and when cruz entered the school, when he left, and exactly what he did. Were waiting to get a moredetailed analysis and timeline of that from this News Conference, which is just upcoming. But as we wait, well going to jeff pegues in washington. Jeff. Reporter as you know, jeff, he was in Court Earlier today, and we have some of the Court Documents after that appearance in court. And heres what were learning. According to the court papers, the shooter, cruz, arrived in an uber, so he pulled up on the scene in an uber, according to the court papers. He had a backpack and duffle bag. Now someone saw him comin