His biggest Daily Advance in three months. Lets bring you the bloomberg first word news and the u. K. Government is telling the to work from home if possible telling the public to work from home with possible full to the Prime Ministers holding an emergency cobra meeting this morning for briefing parliament, thewill make a broadcast to public at 8 00 p. M. Local time. The billiondollar initiative to the polio vaccine around the world is moving to the next phase. Over 150 countries and regions including 64 higher income nations are taking part. Solutionis to find a to covid a little sooner than we were expecting. Pressure onto put Alexander Lukashenko are on pause. Ministers on monday failed to agree. On how to handle turkeys energy claims in them eastern eastern mediterranean. That is global news 24 hours a day on air and on bloomberg quicktake. We will have plenty more on the markets and we will go over some of the other news we are watching. Tom, good morning. Tom francine, good morn
The markets tell a story of what is going on in investor mood and fear. Projections that should be out very shortly. Overall, the focus is on gold. Ever higher, piercing a record as the dollar is sinking. European stocks open lower in general, but the focus is on the treasuries edging up. If itt figure, let me see is out already. It is a good indication on the back of pmi figures better than expected. Index, 90. 5 and a bit better than expected. Lets get to the first word news with leighann gerrans. Good morning. Spain is criticizing the uks returnerso quarantine amid a surge. They say spain is a safe country and working hard to keep infections under control. Alsosh airways and easyjet hit out at the decision, saying it adds to more uncertainty for british travelers and their industry. Europes economy is set to outpace the u. S. Thanks to very different responses to the coronavirus crisis. Surging cases in america are putting the brakes on its rebound, but in europe, many former hotspo
Happy tuesday. These are your markets. A lot of the focus this week will be on earnings. We have a lot in the u. S. And europe. Of days awayle from the signing of that phase one trade deal between the u. S. And china. We are still trying to figure out what happens between the u. K. And the eu. There is a lot of speculation. While Bank Earnings c,itif with j. P. Morgan and wells fargo will follow after. We will focus on what blackrock Just Announced moments ago to focus on more sustainability. Lets get to the bloomberg first word news. The Worlds Largest asset manager is upping its push to a greener future. Blackrock will put Climate Change at the top of the investment strategy. Inwill avoid investing companies with sustainability risk. The u. K. Is likely to secure a trade deal with the eu, according to Boris Johnson. He said he is very, very, very confident. The transition phase is currently scheduled to end on december 31. Iraqi leaders privately want u. S. Troops to stay in the coun
On. If we dont get more cuts, presume believe that is negative for oil prices. Eurosterling around the 0. 85 level. Got closer to it a little later on. This is a big line of sand for that pair. We are now up by 0. 2 . The hong kong story absolutely front and center. President trump signing a bill expressing u. S. Support for the protesters in hong kong. It is a move that threatens to complicate trade talks with china. There was a lot of reaction around the world. Not a welcomet is news, but the Market Reaction so far has been pretty calm, so to speak. Basically, its just another thing like having the tariffs. Its a thanksgiving present for everyone. This too shall pass. This was more posturing than substance. This is a real headache for them to try to figure out what is going to be a violation of human rights. How are they going to decide that . It is a foregone conclusion that he would sign, so china is prepared or was prepared for this. The new bipartisan consensus from both the u. S
Is looking to perform, so that has the stock nice and higher today. Of most him course of Molson Coors Brewing is leaving, the ceo be replaced by of miller coors. We want to know if the fomc can thread the needle . What does he need to get done today . Guest the first thing is 25 basis points. Everybody knows that if he doesnt cut 25, hes got a credibility problem in the markets. 25 is done. I think youd like to do 50. He and others have given indication that if youre going to do something at this point in just come its really at this level of rates, you need to go big. Weve had reasonably stable sobers from the economy, hed have a hard time getting the hawks. What it comes down to really is anything, he if announces on the Balance Sheet, and what he announces Going Forward. Guy expectations are dovish Going Forward from here. Got four rate cuts priced in at the moment. Is that too much how does he find himself some breathing room is that too much . How does he find himself some room .