Well hear from the former Prime Minister matteo renzi, whos told me why he forced the current crisis. Politics means make choice. I decided to open that crisis, and now there is a government better than in the past. And which celebrity does he look like . The burnley manager tells us what we are really missing in this pandemic is a game of looky likey. Hello. Im Laura Trevelyan in new york. Christian fraser is in london. There was encouraging news for britains government today. First came a preliminary report that the astrazeneca vaccine does reduce transmission of the virus by two thirds. Until now, there had been no real data on that. And the very same study found that delivering a second dose after 12 weeks, rather than three, made the vaccine more effective. The report hasnt been Peer Reviewed but seems to vindicate the uk governments strategy. The other extraordinary news was that by following that strategy, the uk has now vaccinated 10 Million People. 15 of the population has bee
Fed chair jay powell has to strike a fine balance at jackson hole. Fears of recession swirl, but regional fed president s question the need for more cuts. As i look at where the economy is, it is not yet time. Im not yet ready to provide more accommodation to the economy, without seeing an outlook that suggests the economy is getting weaker. Matt a working weekend at the g7. French president Emmanuel Macron tells Boris Johnson a new brexit deal in 30 days is unlikely to happen, and italy has a few more days to cobble together an unlikely coalition. Plus, the perfect storm. Germanys Buddhist Bank bundesbank say it is not time for stimulus even as sentiments hours on the manufacturing sector. Welcome to bloomberg markets, the European Market open. Were looking at futures pointing to gains. The u. S. 10year yield continues to climb. 1. 64 , 1. 65 the next stop, and in terms of European Equity index futures, we see green across the board, on s p futures as well. Upe a look, dax futures. 75
We are seeing green on the screen in terms of equities and u. S. Futures. We finished unchanged on the s p 500, so the markets are a little bit risk on. We are seeing that reflected in the bond market. The 10 year has backed up. We have a number of regional president s pushing back against further rate cuts. The dollar is on the front foot as well. Coming up, we are live from jackson hole as investors take positions on how fast and how far the fed will ease. We have a host of stellar interviews first up, James Bullard. And then watch out for robert m Robert Kaplan and patrick harker. , that iser it takes what new Zealands Central Bank governors says he will do to support the economy. Thef says he will evaluate impacts of this month on expensively large rate cuts before considering further easing. Forward, we were saying everyone is telling us we needed to be lower. Everyone is telling us Global Growth is slowing, so lets get ahead of this. Lets move and reduce the probability of having
Some of the optimism when it trade, s pe tone on futures back down after the cash trade yesterday. Markets are optimistic about the situation in italy, you can see bid, nowian btps are down to 1. 21, less than 200 basis points above boones. The dollarer against as the greenback falls. Italy thatews out of the Fivestar Party has halted Coalition Talks unless the democrats agreed to keep Giuseppe Conte on as Prime Minister. They previously pushed back against that, especially the leader of the Democratic Party, for hisis supporters Parliamentary Group had any say, they will have to concede, because they will want to say. We will continue to cover the story in italy. Coming up, we will speak to nigel wilson, the ceo. You can catch that interview at 11 30 a. M. London time. Lets get to the bloomberg first word news with Viviana Hurtado standing by in new york. Talking, but only if the u. S. Lift sanctions first. Thats according to hassan rouhani, following President Trump signaling he woul
Today. After whats been a rough week, we are looking for a positive action. Lets take a look at the 10year yield. Are we around 2. 6, somewhere in there . 2. 64. And lets head to our road map now as well. Where does it start . Where would you expect . Twitter filing for 1 billion initial Public Offering. The Ticker Symbol twtr. The filing reveals the company not yet profitable. So is it worth an investment. And without job support today, markets will have to watch washington to see whether theres any end in sight for the Government Shutdown now in its fourth day. And look out apple. Samsung predicting a a record profit for the Fourth Quarter as it releases its new galaxy smartwatch in the u. S. And a massive spread in usa today, which well get to later. Lets start with twitter, of course, which has unveiled its highly anticipated initial Public Offering plan. Julia boorstin is outside twitter headquarters in San Francisco. Ooh, the wind is blowing, your hair looks very nice, julia. Tak