Lets check quickly on the markets. If you look at the markets, and a lot of them are looking at the concerning news or news brexit is going to weigh markets were hoping. The stocks european 600, down and the pound, looking to see if there is any swing on that. 1. 3243. Lets get to the first word news with leighann gerrans. A british official says brexit talks need to show progress by tonight if they are to continue. European unions chief negotiator is said to have denied any breakthrough on the issue of fishing license. Boris johnson is due to speak with the Commission President ursula von der leyen. Donald trump says his personal lawyer Rudy Giuliani has tested positive for coronavirus. The New York Times says the 76yearold was admitted to hospital yesterday. The president wished him well. Giulianis son tweeted his well. Is feeling the u. S. Is said to be ready to sanction more chinese officials over the role of the recent disqualification of hong kong legislators. Familiar,to people
3 . 5. 6 , but improvement from the previous ask. Haslinda it does look like china continues to Gain Momentum in terms of recovery. Lets look at where we are in terms of market reaction. Just. 1 . Underperformed after its biggest rally in more than 5. 5 years. Up. 2 . Pretty muted. Belowe been dragging this 6. 8, a strengthening that we saw onshore and offshore. Jp morgan is seeing gains. The 10 year yields. Take a look. Study right now. 313 after that fresh quiddity injection. Yvonne lets break down these numbers with the head of macro resource. Chinasensus about economic recovery and renminbi since april. What is your take on these numbers . I think the number basically confirms that the Economic Activities are normalizing, especially on the consumption front. We see from highfrequency data that retail sales, etc. That were hit during covid19 are slowly coming back. Upside for september data. Also, from the production side, recovery from earlier in the year. There are three things Go
S p up 42 at 4 00 oclock on wall street. Getting tough on china, acceptable or the tom cotton is here, introducing a bill to revoke chinas nation status and whether tiktok and oracle will keep your data safe. Ken cuccinelli on actions to block chinese products made with forced labor. Wild fires raging on the west coast as the gulf coast is feeling the power of Hurricane Sally, we have the latest on the deadly threats. One soda company has a new drink that could help you sleep. Mornings with maria is live right now. Maria lets check european markets, rising from may to july, cac quarante is up 20 and dax index in germany higher by almost 40 points right now. In asia markets mostly higher signs of make recovery in china. Up half of 1 in the month of august. Months are released by the communist party as we always like to remind people, shanghai up half percent. Some of the top stories that we are watching this morning. President trump headed to philadelphia this morning after pushing the
Switzerland, surprised to see the news come from th the blog. Gently axel weber nudging this dialogue forward . Francine it is a publication that doesnt break that much news that often, which is why we are taking it with a pinch of salt, but we understand it was well sourced, and this will be a conversation spearheaded by the two chairman of ubs and Credit Suisse combined. That would be extraordinary. Tom for an american arlenes that for an american audience in the Early Morning for an american audience in the early one, could you imagine bank of america and j. P. Morgan combining . That is the equivalent. There is nothing else going on today, right . Francine not at all. Tom ive got to look at my tiktok. Francine lets get to first word news in new york city with ritika gupta. Tiktok has abandoned talks with microsoft to set its music and video app in the u. S. , now favoring a partnership with oracle. Look moreit would like a Corporate Restructuring than an outright sale. President tr
Take a look at gain better than 2 . Nasdaq futures up 130 and s p futures up 32 points. Dow, nasdaq and s p 500 marking marking second consecutive week of losses on friday, big bounceback from that, on friday you had as you see markets lower, new fox poll new fox news poll show the 2020 race is narrowing, President Trump and joe biden taking their messages to swing states but just over now 50 days to go until election day. Plus, how you can live like the fresh prince of bell air courtesy of will smith and airbnb, mornings with maria is live right now. Maria firmer tone to markets this morning. European indices are mixed with european markets kicking off the gains with fractional moves here. Cac quarante is up 6 but the dax index in germany lower by 8 points, virtual trade talks between eu and china, we will tell you more about that coming up. The big Softbank Nvidia deal. As you see korean kospi index up one and a third percent and shanghai composite about twothirds 1 . Ruling party af