Of 1 ow by only 1 10 versus the u. S. Dollar, but nevertheless it seems to be a logical move for the markets. In terms of what we have got coming up, we will be talking about whats happening in the race to find a vaccine. We will be joining by the ceo of novavax. With the United States getting done earlier on. This stock has been on an absolute tear this year, today really adding on to that as well. We will get that take on the progress thats being made and what the money is going to be used for and in terms of where he is relative to his peer group in the race for the vaccine, the many vaccines that we will ultimately end up needing if we are not going to do more damage to the global economy. The European Commission is out with its assessment of the european economy earlier on, warning that the coronavirus Economic Contraction will be bigger than anticipated earlier and the recovery will take longer than previously estimated, forecasting a 3. 7 drop in growth this year. Joining us fro
After months of no magic, Shanghai Disney throws open its doors today. We will assess theme parks in the coronavirus era. Mixed we are looking at a , possibly positive start for asia. Lets go over to sophie looking at the markets. Sophie asian stocks setting up for a week delivering more Corporate Updates with about 500 companies on the msci aipac to respond this week. And the impact of lockdowns certainly how look growth will be impacted is going to be in focus. We will look at korean trade for may area so this one is edging lower, may. This one is edging lower. Chicago nikkei futures edging higher. The 10year yield adding seven basis points. Tracking the move we have seen of supplyelds pressures prelooking at the offshore yuan over 7. 09. It will bring us Monthly Economic activity data from china this week. Look at the pboc plans to strengthen Monetary Policy report and Pay Attention to growth and jobs on the mainland. Lets look at commodities this morning, oil edging lower after two
And huge policy fight with the bureaucrats saying, oh, we cant say economic aggression, but when you are reading the report you understand why. Watch book tv every weekend on cspan 2. Next, remarks by the libyan Prime Minister on the relations of his country and the u. S. He spoke to the John Hopkins School of advanced international studies. It is about an hour and 20 minutes. Welcome, mr. Chairman to the house of international studies. Im daniel seuer, i am pleased to welcome you to the Global Leader in the study and practice of international relations. Mr. Prime minister, i first saw libya in september of 2011 when i made my way to benghazi and tripoli. The early days of the revolution, and unguarded in your two most important cities. Despite the molecular violence, spirits were high after i returned to International Carter center. And shortly thereafter, libya democracy has changed and you will give us a glimpse of what happened behind the scenes and deepening our understanding of l
Testifying next week. Is doingip says barr the president s bidding. And also said the attorney general does not want my to testify in front of the house. Mother is set to experience to appear next wednesday. Democratic hopeful Elizabeth Warren has reduced legislation that is passed would require Public Companies to disclose their climate risks. The measure would also require companies to disclose the total amount of fossil fuel related assets to the securities and exchange commission. The bill aims to encourage companies to switch to Renewable Energy sources. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery on. Jon live in toronto, im Jon Erlichman. Joined by our bloomberg and Bnn Bloomberg audiences. For a cup. Case fed chair jay powell taking the central bank closer to cutting Interest Rates this mon
Johnson as the next Prime Minister she will have at the table as so she really has her job cut out there is no way for a no place for envy in this i mean this is a really International Top job this is the big prize however it is also be going to be very hard and very difficult shes going to need all her toughness to survive this all right 1st shell have to get past part of course barbara vessels for us in brussels thank you barbara come back till a bit later well lets talk about one of the other big posts shes the head of the i. M. F. The worlds 3rd most powerful woman according to Forbes Magazine now it looks like shell become president of the European Central bank Christine Legarde her career might lead her to frankfurt and in her potential new position at least one thing will be familiar to her. Christine lagarde certainly used to being labeled as the 1st woman to. For example she was the 1st woman to become finance minister in france in that position she burnished her credentials a