Tom maybe we should get you out on tiktok to advance the show. This is an extruders story. It exploded last night with the prep this is an extraordinary story. It exploded last night with the president s comments. As you know, bloomberg reporting on the response from the chinese. It has been abrupt. It certainly is, a finders fee, something we have not seen in the past. For microsoft it could mean the deal of the decade. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Ritika good morning. President trump may take executive action if congress cannot agree on a new coronavirus stimulus package. A president told reporters he might impose a moratorium on evictions and an act a payroll a payroll taxct holiday. That ant trump insists pickup in u. S. Operations has stalled, the u. S. Government if tiktok it said the money would come from china or from an american buyer such as microsoft. Earlier in the day, he said tiktok would have to close in the u. S.
Fed. You will be in washington for the fed. Big day, though not much is expected to happen. Negotiators still have to vote on a deal. Trump gets none of his priorities. It will be interesting to see if he would veto it. An ordinary president , you would say no. Mike pence said yesterday they might not pass obamacare, the repeal, until the end of 2017. Francine we will have marty sheckler with us. By now, lets get our first word news. Reporter more on the spending bill in washington. House and Senate Negotiations have reached a budget deal that rejects most of President Trumps ideas. Republican leaders bowed to democratic commenced to limit hundreds of policy restrictions. The measure does not include money to Start Building a wall along the border with mexico. The u. S. Is considering a range of options regarding north koreas military operations. Over the weekend, kim jong uns regime tested another ballistic missile. That was in open defiance of the International Community and lucky to
This is bloomberg surveillance. We are getting pmi figures out of the eurozone, and this is what they are showing. This is for the month of february. Services pmi rising more than expected, 55. 6. He spoke to economists who forecast a figure of 53. 7. Everything above 50 means it is expansionary. Manufacturing also rising a little better than expected. That is at 55. 5. The forecast was 55. I want to see the full breakdown, but we did have a earlier figures in manufacturing pmi from germany that were much better than expected. This is big for eurodollar. Lets get on to the rest of the markets. The one thing i want to show you is hsbc. That stock under pressure today. It did miss profit estimates as the revenue was dropping. It has had to say it will cut more costs. Still the biggest loser in europe in terms of the equity markets. Down 6 . Stocks are pretty unchanged overall. On a case basis, depending on the earnings. We once again talk about politics and risk in europe with those Fren
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