Not entirely clear. The buyers are less enthusiastic. We have had horrible Economic Data. Investors and traders are assessing that reality. It is no longer just somewhere in the distance. It is here today. Many folks are saying you will be the Second Quarter that will matter. Some are saying this rally has to do with traders looking past 2020 to 2021 as the data continues to come out poorly, it could be a problem. David it is not clear what the Economic Data are telling investors. Are they paying attention to earnings, because we are getting to the heart of earnings season. Abigail they are paying attention to earnings. The banks are down in a big way. All of the big banks reporting disappointing profits, absolutely plunging, bigger loan loss reserves. Trading is a bright spot. Morgan stanley saying theyre not sure how long that will last. This is a reality. In march where it was clear the coronavirus prices would create tremendous economic problems, everybody expecting it to hit earni
Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon
Weather get the message . Find out in a little bit. Very good to see you. Our top story on this monday morning is that the Prime Minister has urged the conservatives to stick by him, amid speculation of a plot to oust him as Prime Minister, and this follows speculation over the weekend that some tories are attempting to use leader of the house Penny Mordaunt as a so called stalking horse candidate to trigger a leadership race. The rumour has forced number tens hand. Theyve issued a statement to mps last night, with the pm told backbenchers and i quote the economy is turning a corner and urged them to hold their nerve. Despite the conservative partys dire poll ratings. Well, joining us now for some analysis is the political commentator peter spence. Good morning to you. Were going to be hearing from the Prime Minister today. Hes going to want talk want to talk about apprenticeships whatever apprenticeships and whatever else plan. But quite else is todays plan. But quite frankly, all any
But at the time didnt know he was the focus of a manhunt. The manager also says the man wasnt alone presumably with the other wanted man. It wasnt until today when Police Stopped by and checked the records that the manager says he realized who indeed had checked into his motel. Jonathan too and and Hossein Nayeri are the two escapees believed to have stayed at the motel. This after the third suspect turned himself over to police earlier today in Orange County. All three men are wanted for breaking out of a maximum security jail in southern calfornia last week. The manager also tells me he did see the white van law enforcment says the men stole down south a day after their escape. The days dramatic developments reporter will have more on this type 11 here live in san jose. Pam the days dramatic developments began just before noon at an Auto Repair Shop in santa ana. Grant lodes is here with Team Coverage of the events in grant fugitive no longer. Bac duong wearing handcuffs and sunglass
And people who look after chinas World Heritage sites face a growing challenge, visitors who are leaving behind more than just footprints. Chinese authorities have accused the crews of vietnamese ships of intentionally colliding with their vessels. Last week a stateowned Chinese Company parked an oil rig in disputed waters in the South China Sea, and now dozens of boats from both sides have gathered around it. The chinese are urging the vietnamese to pull out so they can begin talks. The crews are facing off near the paracel islands. Their ships have collided several times. Vietnamese police are trying to stop the chinese from drilling. But the crews of Chinese Government ships are keeping watch. Translator vietnamese ships have intentionally rammed chinese boats to disturb the companys operations. Yi says chinese officials are ready to talk. But he says the vietnamese have to leave first. Unilateral decision by china to introduce its oil rig into these disputed waters, the dangerous c