A sweeping rollback of its plans to open up for business bars restaurants places of worship being shut down again after a new surge in the virus. And left jobless spike coated many hungry families in india are turning for help to a hotline run by teenagers. Im brian thomas good to have you with us today well today francis celebrating its National Holiday still day but this year paul probably sold ration have been canceled or scaled back for example the capital paris were giving these live images right now for the 1st time since 1945 authorities have canceled a traditional parade along the shawms elease a instead a much smaller. Or event is featuring a tribute to the countrys Health Care Workers president guest of honor this year our Health Ministers from nearby countries that took in patients from overcrowded hospitals at the height of the pandemic in france. Lets go live now to debbie is liza lois joining us from the class to look concorde in paris where a far more modest event is men
Global one day record over the weekend. Expects a deeper contraction in the u. S. As the infection rate stateside rises to 2 , but equities prove immune to the bad news with chinese stocks leading gains. Wall street is playing catchup after fridays Independence Day holiday. Vacuum. The power Commerce Bank looks to fill its top jobs as soon as possible in a bid to end shareholder revolt led by activists investor cerberus. Germangetting right now factory orders up 10. 4 percent. Sounds like a big number, but of course, its from a low base and it misses the survey by a lot. The surveyed factory order, the expectations for factory orders soth over month were 15. 4 we only got 10 point 4 . Much better than the prior month s 26 drop and it looks like german factory orders and a lot of things may be in this coming quarter may have a similar feel as Goldman Sachs cuts its expectations for u. S. Gdp growth in the Third Quarter. Here, you see european futures, big gains. Your stock futures up 2.
Steps. Morgan stanley and wells fargo join european lenders in pledging to preserve jobs during the crisis. Deutsche bank says it will pause future cuts amid its restructuring. Welcome to bloomberg daybreak europe. U. S. Futures on the back foot today after the best threeday gain in mere nine decades for the s p 500. The dow is technically in a bull market but it is 25 below the february 12 record. In terms of asia, a mixed picture. Following that emergency 75 basis point cut by the bank of india. A big drop in industrial profits in china. That is the news overnight out of asia. The 10year treasury yeild slipped five basis points. Risk off coming back into these markets after the powerful risk rally. We ask the question whether it is a bear market after the devastating rest jobless claims numbers, so weakness in the dollar. The dollar is hedging for its biggest retreat since 2009. Gold has its biggest weekly advance since 2008 after the effects of the funding squeeze and oil heading fo
That. Good morning, houston. The weather is great and the sun is shining and is going to be a great day for Mike Bloomberg. I have the pleasure of introducing mike and i want to acknowledge again our commissioner aid dry and garcia. Give it up again to commissioner commercial aid dry and garcia. Thank you for allowing me to be your mayor and let me just ta say, what is important to mayors getting things done because what is important to you is what happens at your home, on your streets and your community and in your city. And Mike Bloomberg was the mayor of new york city for 12 years, for 12 years. And then what we know as mayors, you can talk a good game but at the end of the day, people want, people want results. They want things to happen that is positive and impactful in their lives and want to make sure when it comes to infrastructure we are making those things take place. They want job creation and what i looked at what Mike Bloomberg did in new york for 12 years and creation of
Right now the green is the controlling color. The dow approaching 2,000. The s p and nasdaq on track for record closes to end out what has been a very eventful week. Lets get to eamon now for more on what we expect as we await President Trump. Its been to put it mildly a busy day in washington the drama is swirling here in washington today the president will be talking in the roosevelt room in a couple of minutes about this initiative that you just mentioned which is keeping Held Health Care costs lower by allowing customers to see what the prices are. The administration is talk about forcing hospitals and Insurance Companies now to disclose what the prices are they negotiate among themselves those negotiations behind closed doors now and the administration has been making the case today this is a shadowy Pricing System and customers are entirely unaware of what things cost and they cant make real choices about what their health care ought to be and how much it ought to cost. Thats the