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Market. Shareholdersas top supports a bailout today as bayer agrees to a settlement to put months into related liabilities behind it. Manus it has just gone 6 00 a. M. In london, 7 00 a. M. In paris and berlin. It comes down to this. 2. 5 drawdownll a on the s p 500 . Is that really a readjustment . The camera has just moved. What have they done to me . Nejra we will get you back in a moment. That drawdown that we saw of 500nd 2. 5 in the s p seemed to be a bit of a reality check in markets to the reality of a second wave. Not only that, the possibility of slowdowns. Restrictions happening in the northeast as well, certain parts of the u. S. Particularly at risk. Question the strength of the rebound or recovery, depending on whether you make a distinction. A lot of red on the screen. The Msci Asia Pacific index down. Futures. 28 low open as well but it does look like if we do see losses, they will be more muted than what we saw ....
We also had gains in yuan lifting currencies. You can see the u. S. 10 year yield at 1. 72. The fixing at 7. 04. We are getting breaking news out of the philippines, another central bank that needs to do something because of the world economy. 4. 25, cut the key rate to following india, new zealand, amongst others. Coming up, we hear from the chief executive of adidas about trade wars and global demand. Now, lets get straight to bloomberg first word news in new york city. This morning, oil is rebounding from a sevenmonth low. Looks tos saudi arabia stem the slide and processes in prices. Bloomberg learned react will not tolerate continued price weakness as oil has been driven down to the worsening trade work and a surprise increase in stockpiles. Pakistan suspended a trade with india and downgraded diplomatic relations after new delhi revoked decades of economy for the disputed region of kashmir. Islamabad says they will take the matter to the united nations. India says the issue is an ....
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