Reporting doing some on Bloomberg News outside the old nike store. It is a pop up for tiffanys as they blow up their iconic fifth avenue 57th street shop. You wonder what the french will do with tiffanys. Its going to be fascinating. In new york, i know on bond street is a different layout. Icons arese luxury within literally two buildings of each other. It will be fascinating to see where they are after the pandemic. Francine same here, tom. Here it is bond street, and we talk about that segmentation, different jewelry categories for different segments of the population. Always a good it did to buy jewelry. Tom i thought schlumberger a was an oil company. Thats how dumb i was. Francine more luxury throughout the day, and politics. Lets get to first word news with ritika gupta. Zeta hasurricane weakened to a Tropical Storm as it heads through the southeastern u. S. , battering new orleans, left to Million People in the dark, and left President Trump to declare an emergency for mississi
U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
In the last 24 hours, combining virus dynamics with oil dynamics. That is a distinction of this crisis. Francine and i am looking two to european lets get to first word news in new york city with viviana hurtado. Viviana we begin with a uturn from President Trump on the need for an economic stimulus he now says he will seek a payroll tax cut and belief are Industries Hit i the new coronavirus. Today the president is promising to unveil what he calls very dramatic action to support the economy. Bloomberg has learned for now the package will not include help for airlines and others in the travel industry. Now to italy it will become the first country in the world to attempt a nationwide lockdown. It is trying to stop the spread of coronavirus in europe. Almost 500 people in italy have died from it. A prime ministry imposing a travel ban. He has told italians, stayathome. Some of the worlds biggest banks predicting the European Central bank will cut Interest Rates thursday. J. P. Morgan a
Westminster. Brexit, a pretty historic and tumultuous couple of hours we are expecting. The meantime, lets check on your markets. We are seeing market volatility, pound dropping lower today. Lets get the board up for you, pound at 1. 1981. There is a lot of debate in the newsroom over whether that has to do with Dollar Strength or markets realizing an early election could mean an alliance among the ones who wanted a hardline brexit and increasing the chance of a no deal, but we are seeing a tilt to the market overall, a little risk off mood. You can see a little higher than usual at 10 higher and gold at 1530. Coming up, we speak to sir Howard Davies, a chairman of rbs as the prospect of an election surges. We will talk about what that means for the banks. Dont miss that interview 11 00 a. M. London time. Lets get to the first word news with Sebastian Salek. U. S. Areand the struggling to agree on a schedule for the next round of talks after watching a rejection of allaying tariffs. A
Everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. These are your markets. We need to watch out for the u. S. 10 year yield and eurodollar. Augustgetting some services pmi rising to 53. 4, little better than expected. ,ut if you have a breakdown also manufacturing is better than expected, but what you need to are member is germany is not doing so great. France is a little bit better remember is germany is not doing so great about frances olympic better. Great, france is doing a little bit better. You can see our interview with Esther George 12 30 london time. Tomorrow, a stellar lineup. We speak to James Bullard all here on bloomberg tv. That may move the markets overall, but now, lets get straight first word news in new york city. The chosen one. That is how President Donald Trump described himself to reporters. He said it is his job to wage a trade war with beijing. Somebody had to do it. I am taking on china. I am taking on china on trade and we