Innovations, but does promise a massmarket car by 2023. Welcome to bloomberg surveillance. I francine lacqua. A lot going on in terms of news flow. We have an etf show coming up but we have some breaking news in terms of pmi for the euro area. A bit of an indication of where we are headed in terms of economic prowess or not. September services pma coming in at 47. 6, below the estimate of 50. 6. Ityou get a figure above 50, means we are in expansion territory which we are not paid european stocks across the board are gaining. Partly, this has to do with some of the recent trends we have seen, certainly when it comes to Market Street the dollar also extending the rally and it does seem like the stocks are steady as equity markets try to build some up one upward momentum after we had a pretty big selloff that cut valuations in early september. Coming up later today, the fed has shelled out 8. 4 billion dollars buying fixed income etfs, so how do jay powell do and of the investors that tr
Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
The decision. And millions more people in the u. S. Lose their jobs but some stores are surviving without laying off staff. Chinas premier is about to outline the countrys plans for the next year after some of its most challenging months the corona Virus Outbreak that began in woohoo and forced it into a National Shutdown which was badly hit the economy and its still locked in a trade dispute with the United States well its just gone 9 am in the Chinese Capital beijing and this is the great hall of the people where the National Peoples congress is getting underway with more than 3000 delegates in his opening address premier league chang is expected to announce plans to tackle the economic fallout will katrina you joins us live now from beijing katrina this National Peoples congress was originally proposed because of the corona virus and how important is this years event given that beijing would want to show that its back to business as usual and claim victory over the pandemic. Well th
Physically good thing to be sure of this group is going to go shooting you look at the ship the cradle the storm the. New the upon the political food for the secret Julia Gillard knows. This is what full weeks of excavation in the middle of somalia looks like a big empty hole where the team had expected to find a forgotten grave the final resting place of a general and a childhood friend of napoleon and this is the sound of disappointment alphonsus. Look at either dont. Know we dont. Want x. To boast im sure you know if its more to put your version of dick. Lugar good at the green or you dont you think theres a problem in the question since in this if you were to move maybe most of. But its sort of died of. A month ago the members of this french russian expedition were in a better mood the french archaeologists in particular had never expected the search for good sounds grave to take so long. To dissolve. It poor lose you know you dont have almost. You know. We dont see theyre all just
The highest number of course of ice fatalities there in a single day so far. The 2 biggest cities in the United States are taking drastic steps to try to contain the corona Virus Outbreak new york and los angeles are shutting down bars cafes restaurants and nightclubs theyre taking action as the Federal Reserve introduces emergency measures to stem the economic fallout alan fischer reports from washington. From the president of the United States words aimed at comforting americans relax with doing great it will pass moments later from the man heading the drive against the virus a starkly different message the worst is yes very good for us it is how we respond to that challenge the number of confirmed cases in the u. S. Is no more than 3000. 00 states are shutting down bars and restaurants curfews are starting to be introduced the face of america is changing but airports as the. Ended unity and travel ban kicks in where the. Staff carrying out Health Screenings have been overwhelmed the