A lot of the focus is on oil, a lot of the focus on what we heard from bp. Lets get a data check. European stocks really fluctuating, failing to Carry Forward the momentum that we saw. Yesterday, we had a technology fueled rally, which got support from positive Economic Data and potential further stimulus. Today, things seem to be going a bit sideways. Treasuries maintaining some of the losses. You can see european stocks down some 0. 5 . Lets get straight to the bloomberg first word news. Tiktok has to sell its u. S. Arm by september 15 or close. That is according to president donald trump. He says he does not care who buys it, microsoft or another firm, as long as it is a big, secure american company. The president also says any sale would have to include a substantial payment to the u. S. Government. Victoria imposing a fine for anyone who violates isolation rules. Fines could be around 3. 5 thousand u. S. Dollars. Repeat offenders may see a penalty of around four times as much. Vic
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
[inaudible conversation] we will resume the confirmation hearing for scott pruitt epa administrator. Let me start by saying, sometimes you get a chance to sit down over lunch and you say ive been answering question for two and half hours, you know, i wish i had said Something Differently about something or other. Anything you would like to clarify. Just one point of clarification in response to senator whitehouse questions about invar mental steps weve taken with respect to the leaky underground storage and double dipping in our state. I have initiated three cases with respect to valero, bp and conoco. Exxon in a number of other cases are still in settlement discussions. They have not materialized in litigation just yet. Thank you for that clarification. Anyway, a couple quick questions. In in the city of cheyenne wyoming, it was discovered that ethylene chemical thats used by the military to degrees the engines of rocket motors was seeping into the cities Drinking Water supply. The ar
[inaudible conversation] we will resume the confirmation hearing for scott pruitt epa administrator. Let me start by saying, sometimes you get a chance to sit down over lunch and you say ive been answering question for two and half hours, you know, i wish i had said Something Differently about something or other. Anything you would like to clarify. Just one point of clarification in response to senator whitehouse questions about invar mental steps weve taken with respect to the leaky underground storage and double dipping in our state. I have initiated three cases with respect to valero, bp and conoco. Exxon in a number of other cases are still in settlement discussions. They have not materialized in litigation just yet. Thank you for that clarification. Anyway, a couple quick questions. In in the city of cheyenne wyoming, it was discovered that ethylene chemical thats used by the military to degrees the engines of rocket motors was seeping into the cities Drinking Water supply. The ar
[inaudible conversation] we will resume the confirmation hearing for scott pruitt epa administrator. Let me start by saying, sometimes you get a chance to sit down over lunch and you say ive been answering question for two and half hours, you know, i wish i had said Something Differently about something or other. Anything you would like to clarify. Just one point of clarification in response to senator whitehouse questions about invar mental steps weve taken with respect to the leaky underground storage and double dipping in our state. I have initiated three cases with respect to valero, bp and conoco. Exxon in a number of other cases are still in settlement discussions. They have not materialized in litigation just yet. Thank you for that clarification. Anyway, a couple quick questions. In in the city of cheyenne wyoming, it was discovered that ethylene chemical thats used by the military to degrees the engines of rocket motors was seeping into the cities Drinking Water supply. The ar