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Economists are desperate to get clarity on the labor economy. We will ramp up coverage until jobs day later in the week. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika president is denouncing a blockbuster report on his taxes as fake news. According to the New York Times, the present page 750 on u. S. Income taxes in 2016 and 2017. The paper says he reportedly lost millions of dollars from his golf courses, and is hundreds of millions of debt and is in hundreds of millions of debt this coming june. Democrats are previewing the to oppose the confirmation to Supreme Court nominee amy coney barrett. By zeroing in on the risk to Americans Health care coverage. The Supreme Court will hear a case in november that could lead to obamaca ....
And the couple of months. Togetherr euro coming to make the short term inflation outlook for the euro look a worse. Alix even though the words she said we might have heard before there is debate developing for the ecb. Are they going to be reactive or preemptive . That really hinging on inflation targets. Maybe we will get more on that over the next couple of days. In the markets, a fierce rally in europe, the u. S. , a lot of money pouring into tech. The nasdaq 100 futures are being shorted by the most since 2006. Pop. E seeing a last week it was about the stronger dollar and now you need to sell the dollar top. Yields go nowhere, oil goes nowhere. Now ofraho joining us ubs. What the ecb says, what the fed says in stark contrast to stimulus. In the u. S. , there is giveandtake on either side. What happens if we do negative stimulus deal . Jason the fed is going to be reactionary. We are fairly optimistic about the economy. Howell said he was on the optimistic side poweel said he is on ....
World. India is expected to become the pandemics worst hit country in the coming weeks, surpassing the u. S. , where more than 7 million cases have been reported. A lack of social distancing and mask wearing is hampering containment efforts. According to a new book from a former staffer, President Trump considered naming his daughter ivanka as his 2016 running mate before nominating mike pence. Revelation comes from rick gates, who in the summer of 2016, was the Deputy Campaign chairman and later became a star witness in the collusion investigation. Global news 24 hours a day, onair, and on quicktake by bloomberg, 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 1 00 a. M. In hong kong. Im vonnie ....
Also up on the s p. Thend pingpong and pound pingponging around today. I think it was a reuters report talking about the fact that we hadnt made any progress in the brexit talks. Then we got the legal action and the fact that there was a landing zone, particularly on state aid, and that fishing was the only area that we didnt have a deal done. Subsequent to that, we start to see the pound rolling over again. We did see commodities generally do well last month. Crude down, burned trading just north of 40 brent trading just north of 40. Alix nancy pelosi is having a press conference, saying she is talking about how to go forward on really else. She is still ash really ills on relief bills. She is still hopeful, going against the report that she was skeptical. Euro still trading up 0. 3 . U. S. Is politics in the the European Union is starting Legal Proceedings against the u. ....