We have a number of exclusive interviews for you. As always lets check on your markets. One of the things we watched the most. Rising, european stocks were up, they are turning a little bit lower. The risk on kicked off the week is starting to show signs of easing. Yields under recovery. Also looking at Sterling Sterling rallying. Well have plenty more in your markets. Lets get straight to the bloomberg news. Trump is escalating his threats against the World Health Organization, he is unhappy over its handling on the coronavirus pandemic and may personally just permit the cut u. S. Funding of it doesnt make sweeping reform bring saying the agency is to close to china. President xi gave the who his full backing. The u. S. Is going to have to suffer through a spike in virus cases as the economy reopens according to lowell lloyd banks Lloyd Blankfein break saying they can afford to wait afford to wait for vaccine before reopening. Most historical credits would have to acknowledge. Can i c
their own extremists into saying they wouldn t do that. now, this is a big story tonight with a real twist. the president is drawing an treatment on that very important from an unlikely source. donald trump himself who is, of course, running against biden right now, running to be president again. but trump is, as politico reports, tying the entire gop in knots by pushing back on something pretty straightforward, the obviously unpopular plan to cut medicare and social security that some conservatives want. now, that s the view from a candidate, while new reporting shows that veterans in the trump administration are part of the possible push to get medicaid or health care funding slashed. now, in the house republicans have some leverage. they narrowly took the majority there. but democrats see this debate going their way. they re relying on a new magic budget word, that word is woke. call everything woke, and then try to cut its funding seems to be the strategy. housing, wo
Add cost, we are at 75 after two years. The yen source to a 15 month high. The new fed chair says he will push ahead with rate hikes despite the stop stock market route. Grows that zuma will quits today. His home was raided this morning and one brother arrested. He is denying calling a press conference. Than a half less hour away from the start of european trading. Thats take a look at futures after the markets closed down yesterday. We have a positive trading futures indicating gains at the open. We also have a positive trade on u. S. Futures indicating gains for the open and new york as well. Take a look at treasuries here. We have the threeday chart of the 10 year yield. You can see we are now trading at 2. 8222. The yield continues to come down on the 10 year. That may be some of the relief that you see in stocks. We could see some gains. Some more risk on activity at the open this morning. Lets get an idea of what will happen today. The futures uptick to a positive start. Take a l
Only the second, since the end of the fiveweek shutdown brought on by the debt crisis. Bank shares were pushed to the downward trading limit yesterday of 30 . One analyst said the bailout will not work if greek banks do not bounce back. The greek Banking System is key to getting them back. They have to recapitalize the major banks quickly and they have major problems with their nonperforming. Once you get the greek banks of an lending, there is no hope for the plan to succeed. Erik in the bleak financial picture, the Central Bank Says almost 1. 3 billion has flowed academic countries bank since reopened two weeks ago. Scheier is making an offer in hopes of creating a Biotech Company focused on rare diseases. The price of the about the billion dollars and scheier says that represents premium of 36 and values the target company at more than 45 a share. No deal on the horizon right now and shire it spun off from baxter and they are not talking about the proposal. John cleary is in singapo
News conference. And six months from the e. U. Referendum, what exactly do we know about brexit . The big question this is bloomberg surveillance. I am mark barton in for francine lacqua. Here is nejra cehic. Deutsche bank and Credit Suisse have agreed to settle u. S. Investigations into their dealings in mortgagebacked securities. Deutsche bank will pay a 3. 1 billion civil penalty and 4. 1 billion in relief to customers. A 2. 48uisse will pay billion civil penalty and 2. 8 billion in relief for homeowners hit by collapse from housing prices. The Justice Department is suing barclays for fraud over the sale of mortgage bonds. Its as investors were deceived about the risk of securities. Our glaze has rejected the allegation, saying it will vigorously defend the complaint. President elect donald trump says he has asked boeing to of its superade hornet jets that could replace the Lockheed Martin f35. That is the main fighter of the airport, navy, and marine corps. It is the most expensive