Enough support to finally get a deal over the line . A warm welcome to daybreak europe, and of course, it is not just 1 billion, it is 7. 5 billion worth of tariffs, your cheese, wine, aircraft, all more expensive. Lets have a look at the markets. The ftse is a personification of global slowdown and brexit risk, a toxic cocktail that has taken stocks with the biggest oneday drop since january 2016. I take you back to june 24. We dropped by 9 , and on brexit morning, we finished at 8 . That gives you a sense of just how big a move it was in the ftse. Do you want to buy . We have a number of people who have done the analysis. We will have that for you shortly. The s p 500, the first backtoback losses of more than 1 , recovery in the futures, but the first backtoback losses of more than 1 in 2019. 10year low in manufacturing. The fed are worrying. Debtegative yielding drops, and i will show you this chart later on. What does it do for gold . If there is a rate cut, what does that do to th
We are getting data out of the euro area. Services pmi is 51. 6. Anything above 50 means expansion, but it is a touch below estimates. At the stoxxok 600, for germany is close, so maybe a little less money out there to trade. Brexitf folks will be on and Boris Johnson will Tell Parliament today. Watch out for any reaction in the pound. , itou look at that paring has much to do with the dollar more to do with the dollar than Economic Data out of the eurozone. Is big worry weve seen exactly what kind of economy we are looking at. Coming up, more from the chicago fed president , but first, lets get straight to bloomberg news. Donald trump is seizing on revelations the u. S. House Intelligence Committee chairman adam schiff met with the whistleblower, the person of the heart of the impeachment investigation. This invalidates the complaint about his controversial behavior. He alleges the Democrat Health right original plaintiff but did not divide any evidence. He should resign from office i
evening. an acute selloff in china. they have been closed for the chinese lunar new year. stock futures in the u.s. are taking it in their stride. if you look at the u.s. 10 year yield, they are both dropping once again. manufacturing for the month of january, that is coming in at 47.9. we will be speaking to the chief executive of julius baer this morning. let s get straight to the bloomberg first word news. with china s oil demand which is plunged by 20%. executives describe it the scale and the demand caused by the coronavirus outbreak. it s probably the largest the market has suffered since the financial crisis. opec and its allies are considering how to respond. the battle of a brexit doesn t look like it s going away anytime soon even though the u.k. left the eu. prime minister boris johnson in london to walk away from talks. he does not want to set of regulations of the rulings and say britain will prosper with or without a deal. in london, authorities say a man who
We are writer in london. I am guy johnson. I am francine lacqua. Dublin is going digital. The largest tech summit kicks off. 20,000 of the top tech entrepreneurs and celebrities are expected to flock to the 2014 web summit. Caroline hyde is there. She joins us now. Give assistance of the scale of the event. It is phenomenal. In four years, it has gone from 400 people to 20,000. It is warming up now. A few people getting strong coffees after a night on the town. There is a pub summit that goes on as well. Taking in a few whiskeys. They are revving up to network. 80 six different countries. Helping the economy of dublin boosted gigabyte 100 Million Euros in these few days. You have the elite of tech. The peter kilo who founded kiehl, who founded paypal. We are talking to ever note and other celebrities like eva longoria of desperate housewives and she will be taking the stage. So popular is this event that forbes wrote a style profile about what to wear or not to wear. You have to be sha
Yesterday evening. Alex savage has more on what police have to go on this morning. It is may 13th, i am pam cook. Good morning it is may 13th tuesday, i know that is real steve but we have good weather. It is 2014, right pam . Yes, thats right. The almost full moon and san rafael, records are 1 hub and you know that is a very dry year and the record is 99. At fso the record is also 90. And the record was 99 back in 1976 on this date. Heat advisory is out, i dont know but anyway, i just call them as see them. 40s in santa rosa and that 90 is looking good already unless the west wind kicks after the and i have been working out and drinking the prose and sunny and hot, it will be cool mild to most here is sal. Steve, things are looking good on the roads and i want to mention traffic is moving along very nicely and lets start off with the Golden Gate Bridge. The lane workers are out there and traffic is moving along okay and you will see has the lanes are clearing on the Golden Gate Bridge