treatment for covid-19. he removed his mask before giving a thumbs up to the cameras. global stocks see modest gains. his return comes as the cdc says coronavirus can spread indoors, in the air, beyond six feet. 34 u.s. states see more virus cases than a month ago. and the chicago fed s charlie evans tells bloomberg he would welcome 2.5% inflation. jay powell and christine lagarde speak today. annmarie: good morning. just gone 6:00 a.m. in the city of london. there is a lot to really digest with what happened overnight in d.c. the president of the united states spent 72 hours at walter reed hospital. he returned to the white house, a quite dramatic return. he walked up to the balcony of the white house, removed his mask, flashed a thumbs up, and saluting to the cameras. it showed a defiance of the virus, to public health measures. he is eager, you sell what he said at the top of the hour, to project strength in the face of the virus, but it has killed more than 200,000 americ
any sale must include a substantial payment to the u.s. government viewed and results season continues. bps dividend expected to be cut for the first time since the deepwater horizon disaster. we will look at the toll coronavirus has taken on a drinks giant. manus: is just gone 6:00 a.m. in london and 9:00 a.m. in dubai. there is no sort of outstanding alpha driver this morning. we are grappling with different things. the unilateralism is alive and where. unilateralism of trump to stand the unappointed benefits, of trump to deal with tiktok. that unilateralism i think is fed w rather than the this is betwixt good morning. good morning. nejra: i am with you, it is hard to see any great conviction or catalyst in the market today. the rally we are seeing in asia seems to be feeding off what we saw in the u.s. yesterday in terms of tech stocks. was it just about the stay at home trade? apple hit another record. also interesting what we heard from the rba, especially since you ar
of yields, and the question for the market is this. is the fed a shoe in in terms of the rate cut that we expect? by the way, does anyone care about a $1 trillion deficit in the u.s.? yousef: the winds of change are upon us. that is what the folks at morgan stanley say, their chief equity strategist put out the notes. the returns from u.s. growth were surpassed by their expectations. let s get to some of the other market action, and a bit of a rep from hong kong with sophie kamaruddin. sophie: asian stocks are extending, but we are seeing volatility with tracking lower. bojhead of the fed and the meetings later this week. results.d see solid check out hsbc, the stock falling in the afternoon section. the stock edged higher in the morning session. i just want to highlight the continued selloff in chinese bonds as well. the 10 year yield dumping the most in the six months, with momentum. oficymakers are wary aggressive stimulus. worsening chinese economic data could strengthen
manus: a warm welcome to daybreak europe. a couple of markets. tariff man is back. the 10 year government bond yields, money is flowing. we saw some comments about the nature of inflation. on yields, when will we make it to 2.45%? these are the elements we are referring to. the odds of a december rate cut ratcheting to 64%. yuan ismmodities, the tumbling. 6.98 is one level in line for the yuan. a double whammy for oil. what did you do when you are away? trade talks, a five-week low. saudi arabia is cutting prices. you take a week off and it goes to hell in a hand card. welcome back. good morning. i was on a yoga retreat in turkey. i come back and look what is happening in these markets. we saw equities close higher on friday following the jobs report. u.s. futures down 1.6%. the dow and nasdaq futures lower as well. you see these markets roiled with this news and the threat of tariffs. the dollar-yen has roque and through. hitting a five-week high against the dollar. you se
hardliners outlander conditions for support. outline their conditions for support. manus: welcome to daybreak europe. the yuan is rising. at what juncture does the rally pose a threat to the chinese economy? that s the question i have for our guest host. in the seeing a shift chinese aside, china ready to abolish case-by-case approvals in terms of foreign investment. yuan is rising. when does that become risk? it is barnstorming. now, volumes are also high. jpmorgan and goldman sachs make the case you want to buy more china, but you want to be overweight stocks and you want to be overweight that you want the yuan. you have to be selective in terms of jpmorgan. and wti is also rising, as well. you ve got a risk on mood in the market because of the potential for trade deal. we could be disappointed. don t forget. there are tripwires out there. barclays hold their call on brent. they say the biggest source of uncertainty is the u.s. is not the u.s., but opec s response t