Statistics. Trust me, i got a lecture this morning on my way into work about these risks of age and weight, and the number one message i have worldwide is not what you or i think or what all the good people of journalism it is what the medical people think, and they are one week out. They are one week out, and then they are in search of pneumonia. The linkage of bacterial illness with this virus is what the pros are worried about. Wish everyone a speedy recovery, but that is a timely reminder. We will have plenty more on that. Lets get to bloomberg first word news with three to ritika more on the stunning news from the white house. President trump has tweeted that he and his wife milani a he and his wife, bonnie a trump, have tested positive for coronavirus. They plan to remain at the white house. President trump will continue to carry out his duties without disruption. In london, a warning that the city is at a Tipping Point when it comes to the coronavirus. Residents are taking immed
Implications for the election and the implication for the leadership . It is also a good thing to look at other leaders and if they tested positive, how they have reacted to it. Also president bolsonaro of brazil. To thisare waking up across america. The determinant here is a oneweek just a show in for every patient, and the tip point for the medical professionals is the bacteriology of pneumonia, and overlaying pneumonia on this terrible virus. The president nowhere near there at this time, and he rests at the white house this morning. Now, verya right simple. We have deteriorated. There is no other way to put it. 57, dell futures 439. A plunge off ashdown futures 439. Dow futures 4. 39. West texas intermediate, oil down 1. 65. Francine, what do you see . Francine markets are a little bit calmer. That could be ratcheted up again with the jobs data. I wanted to show you pound because there is this on brexit. I need to look at gold etfs. We dont look at it very often. Tom but today it m
Abramowicz and tom keene in new york. Good morning on Bloomberg Radio across the nation. Good morning on Bloomberg Television worldwide as well. Theferro, without question most mysterious jobs report ive ever witnessed. Jonathan we talked about the wide range all morning. Lets talk about it again. At the top, 2. 4 million. Thats the high estimate. Below, 100,000. The pace of the recovery is slowing. I wonder if we have seen more evident if we are seeing more evidence of that a little later this morning. Tom i thought of one of your good questions earlier, the idea of this shift to the new unemployed. Forget about furloughed. Forget about all of the other language. It is people terminated. Lisa people are becoming permanently laid off. Initially it was temporary. My question today is going to be is bad news good news, and is good news bad news . The idea that if we get a worse than expected report, we will get into this for some as we will get impetus for some kind of fiscal support we
Last 10 years. That doesnt get it done. Guess what . Job cuts. Lisa how much more can Central Banks do to juice job growth at a time of zero Interest Rates . I find it fascinating that coke is offering voluntary separation programs with its employees, read, job cuts. More interestingly, yesterday salesforce. Com, one of the winners of this, and also job cuts. Tom cocacola managing the message as they always do. I dont know what their cute phrases for firings. Lisa separations. Tom exactly. That is just as phony as all of the rest of the. What is so important in that set of announcements across the bloomberg, as they make clear this is an International Strategy to right size on 86,000 employees right now, what we really need is a morning brief. Where you start . Lisa at 8 30, ancient history, which is u. S. July income and spending data for individuals. This is very backward looking based on how quickly the jobless benefits are running out and the changing scenario. We are also going to
Bloomberg surveillance. Im Francine Lacqua in london. This is the market. The market focusing on the number of infections. The news that we had from a lot of the corporates. U. S. Equity futures, treasuries edging higher every is there have been more and more coronavirus cases in america and countries also means that markets are basically sapping some of the appetite for riskier assets read the dollar heading for a second day of gains. I want to show you wti falling below 30 get dollars a barrel while gold continues to push toward 1800 announced. Lets get straight to the bloomberg first word news with dani burger. Dani good morning. The pentagon has named 20 chinese firms it says are confirmed by the desk controlled by the chinese military. It opens the companies up to the potential of more u. S. Sanction and that includes huawei. This comes as relations between the chinese the two superpowers deteriorated. China is likely to be a Campaign Issue in the 2020 election. Canada is the firs