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BLOOMBERG Bloomberg Surveillance July 12, 2024

Thursday as washington awaits. Youre right, the ecb will be very important. Jonathan ferro made clear to me the optionality that madame lagarde has is extraordinary. Weve got claims at 8 30 washington time, new york time. That will be a precursor for jobs day tomorrow. All of this is overwhelmed by the historic moment. All i can tell you, just one vignette, francine it was extraordinary to see the handwritten note by the chairman of the joint chiefs of staff yesterday, to his officers and his troops. That was truly an historic moment. Francine we will spend a good amount of time talking about the military, given what we heard and general mattis esper. Lets get to bloomberg first word news in london with leighann gerrans. Leighann good morning, francine. As you were discussing, President Trumps former defense sayingry, jim mattis, is the president misuses the military and is dividing the nation. He also said the country must rejec ....

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BLOOMBERG Bloomberg Surveillance July 12, 2024

Worldwide as well. Good morning to all of you working from home during this endemic and listening to our pandemicontent this and listening to our digital speak torea we will Kevin Cirilli about the events in washington over the last 24 hours, and certainly the comments of various members of the military about the commanderinchief. We will also look at the ecb, that Important Press conference coming up. Jon will brief us on the difference between 500 billion on dollars. Illi it is extraordinary. To be honest, i have lost of the a million here and a million there of an white of unemployed americans. Jonathan everyone has, not through malice. What we are hoping to see is claims rollover. I thought yesterday was absolutely remarkable, to get that adp report of negative 2. 6 million, and to call that an upside surprise you imagine me telling you at the start of this year that a nu ....

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BLOOMBERG Bloomberg Markets Americas July 12, 2024

600 billion euros and extending it out until at least june, 2021. Speaking at a virtual news the president weighed in on the balance of risks and where they are right now. The extent of the recovery will depend crucially on the duration and the effectiveness of the containment measures. The success of policies to mitigate the adverse impact on incomes and employment, and the extent to which supply diversity and domestic demand are permanently affected. Council the governing sees the balance of risks around the baseline projection through the downside. To the downside. What weve also seen moving to , a big move in the italian twoyear. We still seen the euro oscillating around, spiking higher than fading back. Tortoise and of munich. Andrew, thanks very much indeed for being with us today. A huge move at the front end of the italian yield curve. More to come, do you think . Move,ve seen a big todays move takes us back to where we were in midmarch, so almost recovering the whole covid blo ....

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