Those arrive in london today, and the pound appears to gain after jumping to a sixweek high. This is surveillance. Eldinusef gamal in dubai. Toew fiscal stimulus impact mitigate the impact of the coronavirus. Reflecting that degree of caution, a little bit lower at the moment for the s p 500. At the same time, european stocks are falling for a fourth straight day. What is happening in the states is the bund rally is likely to pick up momentum again as the focus shifts away from global input to some of the deteriorating domestic fundamentals. Think along the lines of the german confidence data we got, the yields near the sevenmonth lows we had. Benefiting from the larger dollar risk aversion. It is very much strengthening over the past month, and at the goldt, the philadelphia and silver index up about 1. 4 . Lets check in on the first word headlines for you and toss it out to leighann gerrans. Hi, leighann. Leighann good morning, yousef. Growing signs an agreement is insight. Negotiati
Optimistic. Mitch mcconnell is pressing for his own more targeted plan. Emily, if the white house and pelosi agree to a deal, six months ago you couldve seen trump with the pressure from oconnell, is that not the case anymore . Mcconnell, is that not the case anymore . We are talking about all the Senate Republicans who arent really game to pass another 2 trillion legislation. How much support to they have. Mcconnell says if there is an agreement, he will bring it to the floor but did not say whether he would support or talk about his members for supporting it. A lot of them are in tight races coming up and they need to be thinking about their own Electoral Prospects to try and make decisions they see think are going to sit well with their constituents. That we you suggesting are seeing members of the senate , republican members of the senate distancing themselves from trump . Is that now the electoral play that they have to pursue . I think for these republican senators, they have to
Winds that could reach 40 mph. It is headed for the Tourist Centers of cancun and kosovo. It could cause as much as 10 million in damage. It is to hit somewhere between louisiana and florida. Spacex has launched a rocket carrying 60 internet satellites. They will join hundreds of others in orbit around the earth. Recent launches have been plagued by a variety of problems. Spacexs billionaire ceo, elon musk, said he checked launchpads before todays mission. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york. 1 00 a. M. In hong kong. Welcome to bloomberg markets. President trump is back in the , painting a sign of strength and vigor. Any vaccineance for approval means it will likely come after the november election. We have all the latest. We will also talk with the herbal life chairman and ceo. Ins, how much is that doggy the wi
Constitutionally. Barrett is expected to cast herself as a judge committed to keeping her personal views out of rulings. Shecrats are concerned that will rule against abortion rights if she is confirmed as expected. Pope francis met with a cardinal accused of child sex abuse in australia. He became the most senior catholic official to be convicted of child sex abuse. In prison13 months before australians high court acquitted him in april 2020 of charges involving two choirboys in the late 1990s. Global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following. U. S. Equities start the week in rally mode. The s p up nearly 2 now. Hooper with christina about all of this optimism. Thats study showing proportions of americans dying from coronavirus is the high
Month high and europe a different story. The economy lost momentum unexpectedly. Michael is here for the breakdown. Michael the narrative in europe playing out as europeans forecasted. They are now seeing a covid come back and slowing Economic Data. Indexes, thetiment pmis, is this month better than last month or worse . The consensus is it was not as good or worse. You can see all of us the euro zone in france, germany, they saw declines in the manufacturing and services pmi and france taking a big hit, dropping into contraction territory for the manufacturing pmi. Germany a little better. Manufacturing improved but services and composite well. Composite in all three areas following the weakest representing three position of lockdown measures due to the current flareup of the virus in europe. Those of the countries that a lot of in the curve. We saw in the minutes earlier this week at the ecb that policymakers are reluctant to embrace the forecast at the july meeting because they were