Fears. Republicans are sounding more optimistic about fresh fiscal support while u. S. Virus cases spiral. Good monday morning. 6 00 a. M. In london, 7 00 a. M. In brussels, where brexit negotiations are taking place over the weekend. Lets see where we trade this monday morning. We did not get a brexit deal. What we do see after the friday rally, the s p 500, the doubt, the russell the dow, the russell, all hitting new highs. The u. S. Plans to add sanctions on about a dozen chinese officials. The msci down about 0. 2 this morning. Many futures are down 0. 3 . 10year yield on friday inching closer to 1 , a level we havent seen since march, steepening on the t the largest steepening since 2017. This is on fresh stimulus talks. The pound, we saw some softness. The pound is the barometer for brexit, and brexit negotiations resumed in brussels yesterday. Signs one of the biggest obstacles to a trade deal is close to being resolved. U. K. And eu are hoping to finalize the deal, but another
His biggest Daily Advance in three months. Lets bring you the bloomberg first word news and the u. K. Government is telling the to work from home if possible telling the public to work from home with possible full to the Prime Ministers holding an emergency cobra meeting this morning for briefing parliament, thewill make a broadcast to public at 8 00 p. M. Local time. The billiondollar initiative to the polio vaccine around the world is moving to the next phase. Over 150 countries and regions including 64 higher income nations are taking part. Solutionis to find a to covid a little sooner than we were expecting. Pressure onto put Alexander Lukashenko are on pause. Ministers on monday failed to agree. On how to handle turkeys energy claims in them eastern eastern mediterranean. That is global news 24 hours a day on air and on bloomberg quicktake. We will have plenty more on the markets and we will go over some of the other news we are watching. Tom, good morning. Tom francine, good morn
Global one day record over the weekend. Expects a deeper contraction in the u. S. As the infection rate stateside rises to 2 , but equities prove immune to the bad news with chinese stocks leading gains. Wall street is playing catchup after fridays Independence Day holiday. Vacuum. The power Commerce Bank looks to fill its top jobs as soon as possible in a bid to end shareholder revolt led by activists investor cerberus. Germangetting right now factory orders up 10. 4 percent. Sounds like a big number, but of course, its from a low base and it misses the survey by a lot. The surveyed factory order, the expectations for factory orders soth over month were 15. 4 we only got 10 point 4 . Much better than the prior month s 26 drop and it looks like german factory orders and a lot of things may be in this coming quarter may have a similar feel as Goldman Sachs cuts its expectations for u. S. Gdp growth in the Third Quarter. Here, you see european futures, big gains. Your stock futures up 2.
High and ard a record n extension from asian data adds to the tail wind. Pening its economy after devastation caused by the look at us, rome favorable borrowing conditions. Welcome to the show. E have breaking News Headlines luftanza, 1. 22 billion examining sales over the medium term. Company in serious rebirth. Guidance from ny lufthansa, good morning. I dont know how any company can give you serious forward the amount of uncertainty they have, let alone the airlines have been battered due to the pandemic, overcoming the and able to link that 9 billion euro bailout from the government. Look at the markets this morning, another risk on day, upside this to the morning, up 1 . As well higher the market sk, doesnt think a major impediment at the moment. 2020. Ost oversold manus in the Risk Appetite clearly currency pair, good isk confirms another green day for stocks. U. S. 10yearyearold ticking a higher and brent above 40 a we havent seen this ussia and saudi left the meeting in vienna.
See the jobs report, francine. I see all sorts of numbers modeled. 6 rate be looking at the u. I do not see any forecast of where that statistic is going, but it harkens back to an american job economy of 1933. Francine we will have a big look on whether we will go back to those depression years. Lets get to first word news in london with leighann gerrans. Francine, andd, tom, as you were saying, todays jobs report expects to see the u. S. Unemployment rate surge to almost 20 last month after reaching the highest level since the Great Depression in april. The may report is likely to show the jobs slump has extended into whitecollar positions. By 7. 5s publicly shrank million positions. The jobs report comes out at 8 30 new york time. In buffalo, new york, two Police Officers have been suspended after a video of them pushing an elderly protester to the ground went viral. The video shows the 75yearold lying motionless with blood pooling around his head. Been hospitalized in serious condi