I am Francine Lacqua in london. This is what the markets are looking like. Ofis more quiet because august, not so because of august 2020. The european shares are fluctuating, chinese stocks rally in, and oil up with the opec gathering this week. Travel agencies and Real Estate Companies were the biggest drags in the 600, with the dollar weakening against most of its peers. We will have more on the markets throughout the day, but now, lets get straight to the bloomberg first word news in london. Here is leighann gerrans. Leighann in the u. S. , House Speaker nancy pelosi is calling members back about the postal service, which has warned at least 46 states they may not be able to develop ballots on time for the november election amid operational changes and a funding cuts. President donald trump has said repeatedly and without evidence that voting by mail is subject to widespread fraud. Now, in new zealand, Prime Minister Jacinda Ardern has delayed the general election by four weeks unti
Down nine basis points. Europe is jumpy holding onto positive territory. Who knows . Brexit conversations throughout this week. Coming up later in the hour, we are going to speak to gregory poland of the mayo clinic to get his perspective on the latest vaccine trial results from astrazeneca and pfizer. What does it actually mean for the market . Eu leaders are reconvening about premuch now for stimulus negotiations in brussels. The goal to seal the deal signaled that they are ready to agree on 390 billion euros of funding be made available. German chancellor Angela Merkel sounded optimistic earlier. Night, wealks last worked out a framework for possible agreement. Perhaps today an agreement will be made. Is underground for us. You have been covering this from the beginning. We understand there is a lower provision for grant and loan guarantees. Are they going to have people checking . Is there going to be an Advisory Board . What i would say is the mood has changed over the past hour.
I believe we are wrangling about waiting a week or two to do it. Dialogue, itest seems, in the United Kingdom. British way ofry approaching things, isnt it, tom, trying to do with all. Ventualities finally you come to a decision and you are concerned if it is the correct one. It is the correct one at this point in time. We are watching with great hasrest how the debate become so politicized. We are scratching our heads, trying to figure out whether it is the right thing to do, but it is not politicized the same way as in the states. You mentioned in the headlines, the president finally wearing a mask to walter reed. That is may be a big step in the right direction. One angles certainly there. Us with an will join update, leading the way, the effect on the economy and of course across the different markets. With news in new york city, here is ritika gupta. Ritika good morning. 15,300 newed record coronavirus cases in florida, the biggest oneday rise since the outbreak in the u. S. The n
Unemployed in america is truly unimaginable. I cannot emphasize enough, francine, in the last six hours, the rhetoric between washington beijing. It is extraordinary, going back to 1972 with president nixon and china. Francine lets get to first word news in new york city with ritika gupta. Ritika good morning. The white house is rebuking chinas military and economic policies in a report to congress. Themberg obtained a copy of report before its release. It falls china for u. S. Human rights it falls china for human rights abuses among other things. Resident trump stepped up his rhetoric against china on the coronavirus, suggesting xi jinping is behind a propaganda attack against the u. S. And europe. The Senate Passed legislation that could result in China Companies being delisted from stock exchanges. Republican senator john kennedy says he wants china to play by those rules. Votedin, lawmakers have to extend a state of emergency for another two weeks. They backed by minister Pedro Sa
Downing street. Lawrence the cat, move over. Francine just an hour ago, the Prime Minister Boris Johnson announced the healthy arrival of a brandnew baby boy. Baby johnson was delivered safely this morning. We do not have a name or photo, but there is a lot of messages of joy from people across the world because Boris Johnson is or g20y leader of the g7 to catch coronavirus quite badly, needing almost four days in intensive care just two or three weeks ago. Tom i have been watching the glideh give us the path. Give us the update on milan. His the virus done in italy is the virus done in italy . Francine this is something variola just with virologys with the heads of state are trying to figure out. New zealand, they have only had 19 deaths. It is difficult to have a complete walk down. Lets say you flatten the curve. Keep people and lockdown forever. If you are in a region that is part of a bigger country, it is much more difficult to find the right balance of not hurting the number of