Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post
Recommendations for the next pandemic. Several members also pay tribute to representative john lewis who sat on the house ways and Means Committee. Appreciate everybody joining us today. This is a terrific turnout, considering all of the activity and turmoil going on around us. Many of us are back in washington today. We are holding this committee virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. This authority allowed us to continue to do our work on behalf of the American People, while keeping our staff, families, and the Broader Community safe. We have all started to become familiar with navigating this technology, i do want to remind members of a few procedures. First, consistent with the regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their five minutes. Members and witnesses must have thei
Unit in a sweeping overhaul. Its a big day for Bank Earnings. We speak to talk executives. Welcome to daybreak europe. Lets get to Bank Earnings. Deutsche banks red headline. Saying they are on track to meet all targets. Lets get to the numbers coming through. The Second Quarter fic trading revenue comes in at 2. 0 5 billion euros. The estimate was 1. 81 billion euros. Upbeat on the Second Quarter f site a beat on the Second Quarter fic. In terms of pretax profit for the Second Quarter, that comes in at 158 Million Euros. Thats a surprise pretax profit for the Second Quarter. The estimate was for a loss of 133 Million Euros. Thats what we are looking at in terms of secondquarter net revenue. That comes in better than expected. The estimate was 5. 94 billion euros. A lot of lines coming through here. 2020 revenue essentially flat. Cet1 reaffirming its 2022 leverage ratio and return on tangible targets. In terms of Second Quarter Net Interest Income, that comes at 3. 0 9 billion euros. E
Couple of things. They are looking at numbers of infected across the world, but also the fed decision. Stocks are struggling for direction. Treasuries pretty steady. It is all about the fed, the policy meeting, and what they will give us in indications. In asia, modest gains in hong kong and south korea. They outperformed in china but low volumes. 1957. 157 lets get straight to the first word news in london with laura wright. James the uks looking at ways to loosen its coronavirus quarantine rules after restrictions on trips prompted backlash. One possibility is abandoning blanket restrictions in favor of regional bands and another is reducing the time passengers arriving in britain need to stay in quarantine. The u. K. And u. S. Voiced concern about hong kongs election after a flurry of media reports the government is considering postponing the vote maybe for a whole year. Hong kongs opposition argues the coronavirus outbreak is being used as an excuse to push off the pivotal election
My radarhich means is up. Francine lets get to first word news with ritika gupta. Ritika Mitch Mcconnell insists that businesses, schools, and other organizations be protected against coronavirus lawsuits, and that has bogged down talks over a new stemless package. Demanding that changes to Liability Law include wholesale in the legislation. Nancy pelosi says that shows he is not serious about reaching a deal. Federal reserve policy makers will turn their attention on how to jumpstart a stronger rebound from their sessions. They are all but set to keep their benchmark overnight rate unchanged when they wrap up their meeting today. The fed releases a statement at 2 00 p. M. New york time, Jerome Powell holding a News Conference 30 minutes later. Telln Ceo Jeff Bezos will will say that his customers his company he will strike a patriotic tone for his appearance before the house antitrust subcommittee. U. K. May loosen its coronavirus quarantine rules after a backlash from tourists and sp