President trump still hopeful the pandemic will just pass. I think that at some point thats going to sort of just disappear, i hope. Now the head of the fda joins us with a new strategy on testing, the race for a vaccine and the latest covid treatments. Economic whiplash. The second wave of layoffs now under way as governors reverse reopenings. Some workers losing their jobs again just weeks after going back to work. The new unemployment numbers out this morning. Holiday weekend scorcher. The new alerts as temperatures top 90 degrees from california to new jersey and as you hit the road for your getaway, where traffic is reaching prepandemic levels. Plus, the electrostatic sprayers anrobotsots and safe. Wet wedding. The dramatic moment caught on camera. A couple taking their wedding photos swept into ocean by a rogue wave. The lifeguards splitsecond decision that saved the brides life. Im gonna stand by you and finally free. Jonathan irons in prison for more than two decades, superstar
Seeing a little bit of a pause. But if you look at the stocks europe 600, a little bit of poor data out there and the prospect of more dovish appointees to the fed. Im also looking at the with the nomination of Christine Lagarde take over the ecb. All of this with euro area june the services pmis, a touch better than i expected. But pmi in general has been disappointing. The u. S. 10 year yield is below 2 at 1. 95. Overall, quite a big move from yields. This is what is coming up on surveillance. Dont miss our interview with loretta melzer talking inflation and treasuries. First, lets get straight to first word news. Waller and judy shelton are present trumps latest nominations to the Federal Reserve board. Of researchrector and was the professor of economics at the university of notre dame. Shelton is an informal adviser to the president and spent decades outside mainstream economics. Her unorthodox views could attract opposition. The Trump Administration abandoned its hardfought battl
Surveillance. What a week we had on the markets last week. This is the tension as we get onto monday. This is what im looking at in terms of stocks. They are gaining some 1. 6 . We are also seeing futures in the u. S. Pointing to a higher open. Things can reverse quite quickly and change quite quickly. Downan see the vix index some 10 and eurodollar, 1. 2276. If there is an infection beyond equities and the vix, it would be in credit markets. Also coming up, we talk markets and last weeks correction with Morgan Stanley. Later on, we talked to eric nielsen, chief economist at unicredit. Plus, we talk ecb and brexit. Lets get straight to the bloomberg first word news. Is readye u. S. Says it to engage in Nuclear Talks with north korea. Vice president mike pence dubbed the new strategy maximum pressure and engagement at the same time. The comments signal a shift in policy after they agreed to pursue a dialogue with pyongyang at the winter olympics. Budget director Mick Mulvaney has warned
For all that heb and walmart, lowes, and soon to be home depot are doing. So there is much to do, and those are just the most immediate steps. Importantly, this is a place that texas and fema will be involved in for a long, long time. We will be here until we can restore this region as back to normas possible. Or as we discussed in our meeting earlier, we need to recognize its going to be a new normal. Will be a new and different normal for this entire region. But we will not stop until we get as far as we can. I want to provide some important details and then pass the mic to senator. And then to the national fema administrator. I want to explain a couple of details that citizens need to know about. As governor, i have made a state disaster decoration for 54 counties across the state of texas. In order for a disaster decoration to become a federal disaster decoration, it requires certain financial thresholds to be met. Those financial thresholds have been met in 18 counties. There are
Coming up later on the program prepares to mark the 25th anniversary of black wednesday. That is Norman Lamont at 9 30. Lets get straight to your data check. Quite a lot going on in the markets. We are seeing a little bit of risk off. Stocks are mixed in europe. Edging lower and then going higher. What investors are nervous about is north koreas latest Missile Launch, raising geopolitical risks. Gold and yen showing markets are becoming immune to the provocation and diplomatic reaction. There is not much of an impact on yen. We are seeing pound, the 25th anniversary of, of course, what we saw in 1. 34w31. There is a little bit of movement on treasury. Lets get straight to the bloomberg first word news. Sebastian President Trump says he likes and respects janet yellen not made a decision on whether he will re nominate the Federal Reserve chair for another term. Treasury secretary Steven Mnuchin sets janet yellen is among those being considered to run the central bank. In the u. K. That