My radarhich means is up. Francine lets get to first word news with ritika gupta. Ritika Mitch Mcconnell insists that businesses, schools, and other organizations be protected against coronavirus lawsuits, and that has bogged down talks over a new stemless package. Demanding that changes to Liability Law include wholesale in the legislation. Nancy pelosi says that shows he is not serious about reaching a deal. Federal reserve policy makers will turn their attention on how to jumpstart a stronger rebound from their sessions. They are all but set to keep their benchmark overnight rate unchanged when they wrap up their meeting today. The fed releases a statement at 2 00 p. M. New york time, Jerome Powell holding a News Conference 30 minutes later. Telln Ceo Jeff Bezos will will say that his customers his company he will strike a patriotic tone for his appearance before the house antitrust subcommittee. U. K. May loosen its coronavirus quarantine rules after a backlash from tourists and sp
Different tone. The tone to me this morning, jon, is fascinating. The crosscurrents in the market, i can honestly say, in a zillion years, i have never seen how odd it is right now with the pandemic news, and of course some of that, china and beijing, wrapped around the reaffirmation of wall street, for some form of vshaped recovery. I was thunderstruck over the weekend, some of the optimism coming out of wall street houses. Jon we will talk about that later in the program. A fresh outbreak in beijing very much the focus this morning, the disappointing data as well. The data does not validate the exuberance we saw in the market as we saw in the month of june. Lisa that is the problem, that demand is not picking up. Even though we are seeing manufacturing pickup and production online, we will see perhaps production the consumer is not buying it. Junell be getting the u. S. Manufacturing press and we will take a look at what else in the day ahead we are also going to be hearing with from
Remarkable 24 hours. The sirens are still more than evident on this island of manhattan and with that said there is quiet across the nation today, its just a benchmark of the deaths in the covid virus reported in america are now greater than the deaths of americans from the vietnam war. That is a real touchstone in america. Looking at figures for london, the number of deaths now bigger than what we had one thing i was reading about in the u. S. Was number of deaths and care homes. States retro rampup testing to make sure the elderly are safe. News go to the bloomberg in new york city. We begin with u. S. Federal reserve policymakers to keep the benchmark rate near zero. Focus on thelikely next step it can take to rescue the economy once the lockdown ends. The decision at 2 00 p. M. New york time. Area that might need support, mortgage servicers. A couple of grim milestones of the u. S. The number of infections topping one million. That is a number and then number of deaths passing more
We will be speaking to. When we could start to get a vaccine. We hear there are some in clinical trials, wondering if perhaps that is the next hope to look forward to. Francine from the conversations i have had, and they are very preliminary, it looks like a vaccine will be a couple years away unless they can speeded up. But there seemed to be three drugs that are working and fighting it off once you catch the coronavirus. We will delve deeper and see if it will make or break drug companies. Lets get to first word news with viviana hurtado. Viviana we begin with President Trump, who did a 180 on the coronavirus p he now says it is so bad, it may drive the economy into recession. He tried the president spent weeks minimizing the impact, which led state and local into the initiative to take a response. The republicancontrolled chamber will take up a house bill. It includes paid sick leave and now to the french president , Emmanuel Macron, who told the french people, we are at war. The fr
On tv and radio. The only reason we are on tour is bramos birthday. Happy birthday. Lisa thank you. Jonathan what else do we do on the birthday tour . Lisa im going to camden this afternoon. Tom hot, brown water with the king . Lisa you are appreciating yourself. It is a proper hot water. Tom 80 with crumpets. Jonathan lets restart. Fantastic guests, lets start with equity future on the s p 500 positive by. 1 . Not talked about enough this morning, we are very close to highs on the tenure this morning. 434 in america. Tom it is underplayed in america. 10 year real yield as the benchmark, against two percent, anything past 2. 03 is something new. This is underplayed right now. That is going to change abruptly. There is a meeting on wednesday. Jonathan there is neither another meeting on thursday. Your favorite line come that phrase from the disney movie, a whole new world. Tom it is a whole new world. Jonathan when wage gains do not get it done. Tom for the american audience, it is stun