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Monetary policy but says more can be done. A year after listing in hong kong, a Logistics Company discusses real estate, fund management, and the impact of covid19. We speak with the chairman later this hour. Haidi breaking news crossing the bloomberg when it comes to the pmi indicators out of australia. For augustumber still in contractionary territory at 49, better than the previous reading of 48. 1. The pmi composite number, a little bit of an uptick but still in contraction territory. It will be a while before we see a meaningful recovery given we are hearing in domestic media that the state for restriction law down in victoria, melbourne, and surrounding areas could be extended by another two weeks as we continue to get these numbers out of victoria. We have seen a jump about 100 new virus cases for the first time in three days. Another exuberant session for the u. S. Tech underperformed. The s p jumping the most in almost ....
Sectors saying this still battling the pandemic on the front line and getting only applause in return. From arts internationals world view center in moscow kevin 0 in here for the update for the next 30 minutes if you can stay with me too maybe for all of it so the top story this morning the United States is slashing its military presence in germany its withdrawing all redeploying nearly 12000. 00 personnel its part of a long running dispute donald trump has with dylan at the moment claiming its not paying enough into the nato military alliance although a slip of the tongue or could one by the u. S. Defense secretary raised a few eyebrows. Ive said that very privately to my counterparts as well about the importance of nato any alliance sharing the burden so we can all deter russia and avoid peace in the board. Clip is probably going to come back to haunt him all still a bit of a worry though for germany isnt it but weve all had the ....
Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more ....
Poll, of likely democratic voters in the state, 36 support the former Vice President , 16 back to Bernie Sanders and 15 support tom steyer. Sanders is investing heavily in South Carolina, visiting and building a solid organization. In 2016, sanders lost South Carolina to Hillary Clinton by 47 points. Comel news, 24 hours a day on air and on quick take by bloomberg, powered by more than 2700 journalists and analysts in over 100 20 countries. Im Mark Crumpton, this is bloomberg. Live from bloomberg headquarters in new york, im shery ahn. Welcome to bloomberg markets. Are the top stories were following from around the world. Stocks are off session was after t ....
Certainly has been weakening i know businesses spending on software purchases technology purchases, but do you think now businesses are sitting on cash because of the uncertainty around trade. That is what we hair travel around meet with businesses, farmers are absolutely nervous suffering from low prices you are hearing manufacturers nervous some export nervous about trade wars some nervous about globe environment we know that europe is slowing we know china is slowing so i think there is a general level anxiety that is causing people to pause. What can you tell us about minneapolis are you seeing weakening there i know there was some worry or speculation that maybe Unemployment Rate was ticking up. The minnesota rate kicked up from very low levels i am not hearing businesses saying laying off workers i am hearing caution about how many more they are going to hire, so o i am hoping just noise in the data but something we are p ....