Ive ever made Donald Trumps 46 minute outburst the u. S. President repeats unsubstantiated claims of forward in an election he lost after nearly 2 decades of war a breakthrough in peace talks between the taliban and the Afghan Government. And one step short of famine the u. N. Ones of a looming food crisis for thousands of people in bikini. Starting in the United States the country hardest hit by the corona virus and in the past 24 hours more than 2700 americans have died from cove it 19 the highest daily death toll since april for the 1st time hospital admissions also topped 100000 in the u. S. And 200000 new cases reported another record and leads to the head of the u. S. A centers for Disease Control warning that by february another 200000 people could be dead from the virus. So were in that range potentially now. To see if 100 to 2000 to 2500. From this farm so you know the mortality concerns are real. And i do think unfortunately before we see february we could be close to form 50
Forecast. We will bring you that interview with the ecb president. And the ax falls again at goldman. The bank prepares to cut jobs for the second time in three months as the focus returned cost cutting. Very good morning, everybody. Welcome to the program. Lots of breaking news to get to. Lets have a look at some of these numbers coming through. Have the numbers coming through from the shipping business which transports 1 5 of the worlds containers so really interesting insight into the way the Global Economy is spinning and the shipping industry in particular. We are getting the numbers through. We already heard from them last night about how they were upgrading their guidance, raising their fullyear guidance so that already sets a positive tone. They said they will initiate a new Share Buyback around 10 billion danish krone. That program will run for 15 months. E will be speaking to the ceo that is the conversation at 7 30 u. K. Time, so in around 25 minutes time. Let me get to some
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Good morning, everyone. This is bloomberg surveillance. Im Francine Lacqua in london. Lets look at the markets. The markets focusing on data out of france. Verye expecting pmis shortly but also focusing on the china deal after there was confusion on whether the deal with China Remains intact or not. First to the data that is just coming out. There was a bit of a surprise when it came to the french pmi above 50. Anything above 50 in this environment, remember, anything above 50 means expansion. Anything above 50 in this environment is really taken as encouraging news. Euro area june manufacturing pmi coming in at 46. 9, betterthanexpected. Services pmi much betterthanexpected. The figure we were expecting was 41 and it came at 47. The other things i am watching and thehis renminbi european stocks gaining 1. 3 . Lets get straight to the bloomberg first word news. Heres dani burger. U. S. Vice president mike pence is warning of more young people testing positive for coronavirus. He made t
It is still on. President trump insists a phase one trade agreement with china is fully intact. Peter navarro claims his earlier comments were taken out of context after suggesting the deal was over. The European Commission is more confrontational. E. U. Lash out at beijing over hong kongs autonomy, disinformation, and foreign investor meant foreign investment. We are in brussels. Hard times for softbank. The Company Sells part of its tmobile stake, creating 21 billion dollars to help offset record losses in its investment business. We will have the details for you briefly. Just under one hour away from the start of cash equity trading in europe. Lets take a look at futures this morning after we closed down yesterday in the u. S. And the u. S. Managed to eek out some gains. They are trading solidly higher. Dax futures are up. 6 percent. Ftse futures up about. 25 . What do you see on the gmm . Anna we have certainly been whipsawed by those comments by Peter Navarro on trade and the abil