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Very much on. The advent of a rising series of new cases across the american south. And. But where our 1st mission was to save lives once we came out of the 45. 00 days to slow the spread of what our task force has been focused on over the course of the past 2 months is to partner with states to save lives and safely reopen an enormous fail hospital has been opened in india the special facility in the capital of delhi can treat up to 10000 virus patients some hospitals in the area have been overwhelmed the country saw another Record Number of new infections in one day on friday of more than 17000 the total number of confirmed infections is now just sort of half a 1000000. Mexico citys security chief has been injured in an assassination attempt omar garcia heart foots received 3 Bullet Wounds in the Early Morning attack in t ....
Bloomberg surveillance. Im Francine Lacqua in london. This is the market. The market focusing on the number of infections. The news that we had from a lot of the corporates. U. S. Equity futures, treasuries edging higher every is there have been more and more coronavirus cases in america and countries also means that markets are basically sapping some of the appetite for riskier assets read the dollar heading for a second day of gains. I want to show you wti falling below 30 get dollars a barrel while gold continues to push toward 1800 announced. Lets get straight to the bloomberg first word news with dani burger. Dani good morning. The pentagon has named 20 chinese firms it says are confirmed by the desk controlled by the chinese military. It opens the companies up to the potential of more u. S. Sanction and that includes huawei. This comes as relations between the chinese the two superpowers deteriorated. China is likely to be ....
From the bloomberg terminal. A 2 trillion dollar wipeout. U. S. Equities see their worst rout in 12 weeks. Is there more to come . The precipice of disaster. Americas fourthlargest city but it may reimpose Steven Mnuchin says the country cannot close again. Plus, european banks close to Capital Requirements. Just under an hour away from the start of trading. Futureske a look at after the big drop we saw. Saw drops in asian stocks overnight. If you look at yesterdays cash a drop in the dax. 559 points. 559 point drop. In terms of u. S. Futures, we see a little bit of green on the screen. 1. 5 gains in s p and the dow. Can news on the u. K. Economy, lets get straight to that. The u. K. Economy shrank by 20. 4 . That is versus the previous month. Dropstimate had been for a of 18. 7 percent. 19 or so. It does show a stunning drop in output for the u. K. Economy during speci ....
Continent, really. Only the u. K. Was closed for their bank holiday. We had a massive rally yesterday, so the dax was up 300 17 points yesterday, up another 143 points today. Stocks overr german the past couple of trading sessions. The cable rate also shooting higher. Pounddollar right now at 1. 2358. Even with those gains in the currency, i will just tell you you still see the ftse up more than 1 . Typically they move in different directions. That shows you the power of this rally. Finally, a stock trading in shares. Tui they have one issue trading in frankfurt and another in london. A big tour guide and airline operator. They had been absolutely crushed in the pandemic, but over the last couple of days, a massive rally. Today they are up 56 as germany says it is going to reopen International Travel and prepare for something of a vacation season. Over 1 billion in market cap in this one trading session. Vonnie really pretty ....
At the same time, it is authorizing sanctions against chinese officials. We will be live with reaction from the forbidden city. European futures prove their resilience after a more mixed session in asia. Angela merkel says it may take time to iron out the details of eus mammoth stimulus package. And lufthansa sets up a showdown with the eu by holding off on a vote for its 9 billioneuro german rescue plan. Cites requirements over landing slots at key hubs. Just under an hour from the start of cash equity trading. Lets look at futures. Instituteat the ifo expects german gdp to shrink 6. 6 in 2020 and then expand 10. 2 in the year after. That is a pretty decent sized contraction, and yet futures are Still Holding higher. Futures up 1. 3 on the dax. It has been a Pretty Amazing week for the dax index. We kicked off up 304 points in change and were up more than 100 tuesday and 150 ....