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Full circle. Rally, caps its 50 briefly touching a record before closing just below that level. The 175 days between peak to trough and back to peak make it the fastest rebound in history after a crash. Stepping up to the pressure. The u. S. Says it will impose extra tariffs on some eu goods from september 1 in its longrunning dispute over illegal subsidies in the airbus case. Plus, no compromise. Democrats and republicans point the finger at each other, as the stimulus debate gives way to electioneering. The two sides still remain trillions apart. Just under an hour away from the start of cash equity trading in europe. We are looking for german Consumer Prices. We are seeing actually a drop month over month of 0. 5 . If you look at wholesale prices from a year ago, there is a gain of 0. 5 sorry, wholesale prices from a month ago. Prices, 0. 5consumer percent drop, wholesale prices, 0. 5 gain. From a year ago, we see wholesale pr ....
Approaches. But we took we sent a strong signal to europeans and the rest of the world that we share values and that the union is a you get a values and citizens and that it can answer with strength and in a robust area if needed. European stock futures push higher but the euro dips on the news. Global equities already receive a tail as an Oxford University trial shows promising results. We will be watching novartis. The group ceo joins us this morning. Resume buybacks quarter. Intenseur days of negotiations, eu leaders have agreed on a landmark stimulus package that will see the block help 750 billion euros to Member States mitigate the downturn. Maria tadeo is in brussels. Great to have you with us. Take us through the details of the deal. Aria what we know is that the deal came in at 5 30 in the morning. Everyone here is putting a very positive spin on the news. We heard ....
Are right about the Economic Data. This is the point where it is beginning to click in nation to nation, and we are seeing some grim data. I look at the eto screen for the United States later this week, and those are numbers. We l points that where that we have never seen before. Two year yield continues to grind this morning. Francine we also look at renminbi, given what President Trump said about chinese tariffs yesterday. Lets get to first word news with viviana hurtado. Viviana as many as 100,000 americans could die from the new coronavirus, this death toll update coming from donald trump. He said he hopes deaths would total less than 60,000. So far more than 67,000 americans have died. President trump accuses china of trying to cover up the coronavirus outbreak. He promises the u. S. Government would release a conclu ....
Welcome to bloomberg daybreak europe. Volkswagen saying it is almost impossible to make a reliable forecast on coronavirus. It says to succeed in overcoming the coronavirus crisis, vw will succeed in overcoming it. 2020 will be a very difficult year. The coronavirus poses challenges. It is almost impossible to make a reliable forecast on the coronavirus. You can translate that third to equity markets that through to equity markets. 1987. Drop since we have had three backtoback days of moves at 9 . How do you trade a market like this . Investable . In 24 hours, we have gone from limit down to limit up. Is this just a bear market ounce in u. S. Futures bounce in u. S. Futures. You are seeing green in japan but right elsewhere, like china red elsewhere, like china for example. A little bit of a retreat in the yen. Dont want to say that it is risk on, but a bit of a different picture from what we were seeing yesterday. Yousef absolutely. Treasuries were trading a little bit lower. This com ....
Prime minister also proposes a three day schedule for the votes. Trade talks on track. President trump says negotiations between the u. S. And china are advancing ahead of next months apec summit. Will they be ready to sign a deal . And ubs Wealth Management assets reached a record high with rich clients adding nearly 16 billion in the quarter. Sergio ermotti strikes an upbeat tone. Still a very Challenging Market condition. Am glad we were able to grow solid performance in this difficult context. Matt less than a halfhour away from the european open, im taking a look at the pound. You can see threeday trade, maybe its more exciting if i put it into a six month perspective here. And bouncing1. 2975 along under the 1. 30 level. We have broken it yesterday for the First Time Since may 10. Take a look at futures. W ....