Level with the stock down on euro strength adding into the downside for the European Equity markets. We are also seeing weakness when it comes to the cable rates. Not surprising after the war of words that broke out between the european commissioner and the u. K. Government earlier on today. Now, 120 862. 128 point 62. Today we are giving back a little bit of ground. Alix breaking news out of the european commission, the u. K. Has seriously damaged trust and has until the end of the month to amend the violation of International Law and joining us now with more from london, david, walk us through what we know and how this time might be different from the other extensions, deadlines, and harsh words we have seen. It really is extraordinary, an ultimatum for them to backtrack on the bill in london yesterday, overwriting key sections of the agreement signed by Boris Johnson less than a year ago, which she is now saying he regrets and doesnt think really serves the people of Great Britain a
Pension reform, which is controversial and france. Tomorrow is Super Saturday in england. Restaurants, hotels and hairdressers will finally good to reopen three and a half months after the start of the coronavirus lockdown. The Prime Minister is urging people to act responsibly and warning that the u. K. s not out of the woods yet. And in hong kong, police have charged a 24yearold man for inciting and committing terrorist acts, the first charges under the new National Security law there. He was accused of violating the National Security law as he drove his motorcycle, which had on it the slogan, reveille revolution in hong kong. Beening maxwell has charged with helping Jeffrey Epstein sexually abuse girls. The federal indictment comes after Jeffrey Epsteins arrest. Maxwell was his close associate for years, but she has long denied involvement in his sexual offenses. U. S. Prosecutors say she helped him identify and groom his victims. Her lawyer declined to comment on the charges. Globa
Hong kong security law tomorrow. Starbucks, pepsico are the latest companies to curtail ad spending on facebook. Tossure on the group crack down on hate speech shows no signs of slowing. Manus 6 00 a. M. In london. 7 00 a. M. In paris, 9 00 a. M. In dubai. It is the best year for bonds ands 1995. Charts,ne in the unchained melody. I wont sing it for you. The fed was cutting rates and get this. I know you will choke on this. 6. 47 for 30 year bonds. I could have retired. 5. 79 . Ht money was good morning. Nejra good morning, manus. I love your trips down memory lane. It is extraordinary we have seen the best first half of the year since 1995. Look, there might be more in the lower orpush yields higher this week because we got fed chairman Jerome Powell speaking to congress along with secretary of the treasury steve mnuchin. Interesting is the disconnect because youve got bonds. To that extent, but also equities bid to such an extent so a different story being told in the equity and bond
Up to the top of lafayette park, but really it is a nation that awaits the next step from the president. He was out tweeting in the vicinity of 12 00 midnight on general powell. We will talk about that today. It was an eventful weekend and it continues right into this monday. Francine thank you, tom. We will have more on that and now we will get straight to first word news in new york city with ritika gupta. Ritika the u. S. City hit the hardest by coronavirus starts to reopen today. New york city will allow construction and manufacturing at wholesale trade to start operating again. Rios Retail Stores can offer instore pickup. If all goes well, new york and reexpand the can expand the reopening in two weeks. Theggressive proposal from minneapolis city council. Majority of its members say they do this they support disbanding the city police department. That comes as the state launched an investigation following the death of george floyd. One city councilmember says she wants to end poli
Speak in some form of the w. H. O. Conference. Theidea of recovery in united states, all of Global Finance transfixed the chairmans comments last night on 60 minutes. Francine 100 . The chairman is talking about the virus, so we will have a look at this second wave of infection and what it will look like. Lets get to first reduce with ritika gupta. Ritika good morning, francine, tom. Jerome powell says the u. S. Recovery could drag through 2021. Powell told the cbs news program 60 minutes the economy will recover steadily through the second half of this year, but he said a full recovery depends on people being confident, and that may not happen until a vaccine is available. It is the first meeting of the World Health Organizations governing body since the coronavirus outbreak began. China will be challenged on two of its most sensitive issues, how beijing first handled the taiwanse status of participation, the e. U. And australia expecting to push for an investigation into the viru ori