Economic damage can be avoided. Speaking today, the ecb president Christine Lagarde said there is no doubt the pandemic will have a longterm impact on the global economy. It is clear that covid19 will cause lasting changes to our economies. Ourill not necessarily suck economy potential, if we act powerfully. But it will cause sectoral and societal shifts against which we have to guardian be prepared. Mark according to a new ecb report, governments and Central Banks face a tricky balance between shocking the economy if they and the pandemic support to soon and undermining it if they keep measures in place to long too long. Global news 24 hours a day, onair, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg an
We get additional fiscal stimulus. Our guest is from morgan stanley. It feels like from the last 23 months, we have been turning the volume up and down and gone nowhere. Are we starting to change the track a little bit . Are we making progress around the fiscal talks . Only question that matters right now, Mitch Mcconnell does he have the votes to pass a 1. 8 trillion package . Think the Senate Majority leader needs all 53 senators to vote for this package. Choice is, the between getting something done ahead of the election or waiting until after the election seeing the outcome then making decisions about the stimulus package. Markets most importantly, the question is not necessarily whether it gets done ahead of the election but whether it gets done at all. Upsaw elements of that show in the minutes from earlier this made it clearfed that if there wasnt a stimulus in the next several months, if it gets done in a timely manner, the fed will be pleased as will the market. Jonathan coupl
Arrested the Chinese Foreign ministry saying that u. S. Sanctions on hong kong and chinese officials are violating International Law. Now sanctioning u. S. Lawmakers including senators ted cruz and marco rubio. Twitter nation a move for tic took wall street journal reporting for preliminary talks are held between social media giants, where this leaves microsoft, ahead. Turning to the futures, market it is this morning the s p 500 and nasdaq posting their second straight winning week. The dow was the big winner up 3. 8 attack a look at the markets last week. Moving on to the origins of the russia investigation senator Lindsey Graham revealing new documents to Maria Bartiromo that he says show the fbi misled the Senate Intelligence committee. The fallout, ahead. Unrest in america, chaos erupting in chicago looting reported across the city, after a Police Involved shooting. And another riot in portland. The unrest continues. Plus amazon warehouses could be coming to a mall near you. Morni
116. Now the nasdaq is down 335. Another part of the problem is that its the first of the month. The rent is due for shuttered businesses both big and small across the nation. The ceo of the International Council of Shopping Centers, the landlords, is here in a fox business exclusive. We will ask are the checks coming in and if not, whats the plan . Evictions, waivers . We will find out. Plus, the unintended consequences of working and learning at home. Zoom bombing, have you heard about this . Its like a photo bomb on Video Conferences from complete strangers who are hacking and weaseling their way in. Some are funny, some are downright criminal. Coming up, the company that allows everyone to sign checks and documents remotely has all employees working at home. The ceo of docusign on balancing that challenge with its skyrocketing business and stock price, up 70 year over year. Remember last week countdown was the first to tell you how 3d systems was converting its 3d printed scuba mas
Since at least early 2016. King dollar continuing to shine. When we came in this morning, we had that big story overnight out of hong kong come out of china with the markets there taking a dive for the worst. Didnt appear to be any real news, any catalyst, but the structure of things going on in terms of the economy over there, as well as the geopolitical situation in hong kong. Guy lets talk about whats been happening here in london. There has been an incident within the last halfhour thats taken place on London Bridge. The scene of a major terrorist attack couple of years ago. It is about 800 yards away that way from where i am standing right now, right on the edge of the city, the financial district. Not much reaction in the british pound. Financial markets have sadly become used to such incidents taking place. The police are telling us a number of people have been injured and a man has been detained. This comes as we prepare for the general election, which is going to take place in