Europe is different than america. The 12 number is equivalent to number yesterday in the United States. It is showing tension in europe as well. Friday low on this is it absolutely extraordinary . Francine i feel like we have not had a quiet newsday on a friday in quite some time. E had quite a lot of earnings quite a lot of politics with the latest declarations by President Trump, and there is just quite a lot overall in geopolitics as well, so we will get through that in a second. Thats get to the first word news with ritika gupta. Ritika good morning, francine, tom, Senate Public is want to go on the record saying they tried to restore supplemental jobless benefits to millions of americans. Mitch mcconnell is trying to force a debate on a stopgap measure for those 600 a week checks. Democrats want the jobless but onlyextended, too, as part of a larger relief package. President trump is coming under pressure to Setting National strategy for the coronavirus. The white house has largel
Protests as police used Water Cannons for the first time. Manus welcome to daybreak europe. Ae question, are we just on staging post, all out 25 tariffs . Morgan stanley warned of a meaningful risk in the trade war of escalation and a risk of a global recession. If we move to 25 percent on all imports and it sticks. That is the new level of conversation. Escalation risk. Nejra extraordinary times. One trader talking about the fact that President Trump can wreak havoc in ways no one ever thought of. Weird would be one definition of it. Dollaryen, we have already traded through that. Dollaryen is the very personification of where you would want to lean in to. Yen againstlook at the lira. Demolition derby. The chinese vice premier, willing to solve the trade problem by dialogue and calm attitudes. You wantnt think that to buy treasuries at the lowest level since 2016, where might you put your money . Gold, the highest level in six years. Etfs sucking in the money. Have a look at your s p
thereabouts. picking up where it left off. resumes, let s get to market contagion. these are some of the asset classes. health care is having a good time of it. we did see a bit of a fall back session on health care relations. fallingokings are people fear getting the virus. discretionary s are pretty much flat at the moment that is the current state of play with some of the subsectors . this is a look at the chinese markets. you can see further weakness in the yuan. let s get off to new york and first word news. we start with lebanon, which hopes to end three months of unrest with the announcement of a new government. professor at beirut american university will head a cabinet of 20 ministers. backed by acialists wide array of parties. he takes office after weeks of street protests sparked by the resignation of the then-prime minister. jeff bezos s mobile phone was hacked after receiving a message the crown prince of saudi arabia. analysist said digital suggested it starte