I am Francine Lacqua in london. And little optimism seems to be fading away. We have the 600 opening unchanged. A lot of focus is on the economy. We had a little macro risk out there for now but they seem to be in check. We are getting euro area september manufacturing pmi, 45. 7 is a touch above estimates. We expected a 45. 6. It is below 50, but 0. 1 percentage point higher. The u. S. 10 year yield at 1. 72. Coming up, we speak to david herro on the fallout from the Credit Suisse scandal. That interview at 10 30 a. M. London time. Herros is the biggest shareholder for Credit Suisse. A jinping has kicked off massive military parade to mark 70 years of communist rule and pledged complete National Unity as democracy protesters rally in hong kong. Lets go to hong kong with Stephen Engle. What is the latest . Stephen tens of thousands of protesters are defying a police fromand they are marching the eastern part of Hong Kong Island to central and beyond, perhaps even as far as the Liaison
Mr. Hoyer good morning. My name is steny hoyer. Im the majority leader of the house of representatives, the democratic leader in the house of representatives. We have been out for just a few days on summer recess. During that time, we have confronted great tragedy. Sadly, continuing tragedy. How may americans will lose their lives or their loved ones to rampant gun violence before the United States Senate Takes Action . So far this year, more than 9,000 americans, thats in seven months, have been killed by gun violence. Including those killed in more than 250 Mass Shootings. This year in america. The attacks in el paso and dayton and gilroy, california, and the violence all within about seven days of one another, more than in the neighborhood of 50 americans lost their lives to gun violence. Some five months ago, on february 27, 2019, the house of representatives passed a bill, hr8, a bill that is supported by over 95 of americans. It passed the house of representatives and was sent to
Check on markets. Some positivity still feeding through the back of that china data that came in better than expected in terms of the retail sales. S p futures on the front foot, up. 2 . Four days of gains. Closer to above 3000. How much farther does the rally have to go. We look ahead to earnings. The 10year yield is backed up a. 2 curve. Lets get the bloomberg first word news. President donald trump has been accused of racism this after suggesting four female lawmakers to back to their crime invested crime infested places they came from. Of the four women were born in the u. S. And are racial or ethnic my own minorities. The purchase of a Russian Missile defense system. The u. S. Says deploying the missiles jeopardized a fighter jet. The white house as picked a package of sanctions for turkey with an announcement coming soon. Dozens arrested as protests continue in hong kong. This includes clashes with the police in a shopping mall. Emmis traders were demanding demonstrators were dem
Against trump, so donald trump is not accused of the first, it is the third, which is considered the most serious of the criminal charges against the former us president , this time he is accused of trying to defraud the results of the 20th president ial election , a special prosecutor indicted trump on four counts of conspiracy to defraud the United States, obstruction of official procedures, violation of civil rights and obstructing and attempting to obstruct official proceedings a crime against the United States citizens of the country the indictment alleges that trump had a strong intention to remain in power after the 20th election and spread lies claiming that he won them and moreover that he knew he was lying about the results of the election donald trump today he will appear before a judge in washington where he will be formally indicted around the courthouse security measures are increased many Police Barriers have been set up since trump left the white house he has only been
Morning. This bloomberg surveillance. More than a decade since the last one, s p Global Rating the gene the top rating for u. S. Of america. Fitch follows up after the close yesterday with this quote, the written downgrade of u. S. Reflects the expected physical deterioration over the next three years. The erosion of governance relative to aa and aaa rated peers. Whether it is justified, and if it matters, are two different questions. Lisa i would agree as this is the second Major Company to downgrade u. S. From aaa rating. The response arbitrary and based on outdated data. That is janet yellen. Larry summers the idea that it is a decreased default risk is absurd. Here is the question, is there Something Real behind this in terms of how much Interest Rate expenses are going up and like a convention there is on capitol hill . Jonathan theres governance issues u. S. Has that is inconsistent with other aaa rated peers like germany. Lisa i would agree because we were talking about u. S. Po