Nominee joe biden offering more policy, less shouting, kicking the night off with different visions on how to respond to the coronavirus pandemic. Pres. Trump we are learning to live with it. We have no choice. We cant lock ourselves up in a basement like joe does. Mr. Biden he says we are learning to live with it. People are leaning to die with it. You also set a vaccine will be coming within weeks. Is that a guarantee . Pres. Trump no, it is not a guarantee, but it will be by the end of the year. Notbiden anyone who is taking control, who says i take no responsibility, anyone responsible for that many deaths should not remain president of the United States of america. Chiefbloombergs washington correspondent Kevin Cirilli joins us from nashville. What is the rhetoric on the ground . How to the markets need to Pay Attention to it . Kevin first things first, i think it was a shift in tone from President Trump, and that really provided him an opportunity to try to make direct appeal to
Consumer statement is breaking right now. Let us get the details with mike mckee. Little bit better news. Consumer sentiment is up a little bit from last month. The preliminary michigan numbers come in at 72. 8. There was an expectation that it would slip given everything that has been going on. We have seen an increase in expectations and the current level. Is 80 2882. 5 and that 82. 8 and better than what was expected. Level rises, and it had sharply declined last month but people are feeling better about the economy right now. Sales . Hat about retail we are still spending a lot in certain areas especially on ecommerce. Guy nice shoes. Alix thank you, i am glad somebody notices. Compared to last month it does not look as good. Mike the numbers did not come in as expected, but the trend is dead, a slowing during the month of july of 1. 2 after an eight point 4 rise the month before. 1. 9 down,mber at the retail control group, 1. 4 after. If you look at the june numbers, and retail sa
Decidedly range bound. I guess phase one is back on, but i have zero confidence in that. It is just interesting to see the back and forth, and it is not just the bolton papers. It is the whole backandforth between beijing and washington. It is a friday of confusion. Jonathan it is a friday of confusion. A friday of hope over in europe, as well, as leaders discuss stimulus plans. I think the formal negotiations begin right now. They certainly dont in later today. Lisa no they dont, although we might getting some kind as far as who is pushing back and how close they are to agreeing on this 750 million euro fiscal stimulus plan. That is ongoing right now. The other thing i am watching today, i am looking at the baker hughes u. S. Rig count at 1 p. M. After will prices have risen 11 so far this week in new york. It will be interesting to see whether rigs are coming back online. And today we hear from jay powell, eric rosengren, loretta mester, and randy quarles, who is going to be talking
Restrictions but many businesses and states are seeking additional financial assistance. 8 30 a. M. Eastern treasury secretary Steven Mnuchin will join me live on how to help recover from the pandemic. Retail continues to struggles. J. Crew to file for bankruptcy this morning. We are expecting that. Take a look at futures, indicating a decline 266 points and nasdaq lower by 73 on top of selloff on friday which led the u. S. Markets in the red for the week, take a look, mornings with maria is live right now. Tensions between the United States and china are growing. Dax index in germany down 368 points right now. Sharp decline there. Manufacturing and construction starting back up in italy today. Shops set to reopen in ten days followed by bars and restaurants in june, in italy. In asia overnight losses in hong kong and south korea. Hong kongs gdp for the First Quarter decreasing, much steeper fall than expected. Hong kong down better than 4 . Markets in china closed for holiday as well
The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financing, which would be illegal, but some aspects of qe are unjustified, and not backed up by european treaties, which means th