Optimism come around the trade deal. I feel like i have said that before. We will continue to monitor. Tom we are going to monitor all day. The news flow is extraordinary. Kevin cirilli is ready to travel to nashville for that debate. That is tomorrow with all sorts of news overnight in the United States and frankly around the world. Just one data point we will talk about in a moment. Renminbi out to new strength. Right now in new york city with first word news, here is ritika gupta. Ritika nancy pelosi and Steven Mnuchin are moving closer to a deal on a new stemless package. Alysia hope she can get an agreement this week. That is crucial to getting a bill passed by pull losey hope she can get an agreement this week. Theh mcconnell is warning white house against a pelosi led deal by the end of the month. Trumps campaign has burned through almost all of its money through september. His campaign cut back on advertising in some key battleground states for a while. Department antitrust law
I believe we are wrangling about waiting a week or two to do it. Dialogue, itest seems, in the United Kingdom. British way ofry approaching things, isnt it, tom, trying to do with all. Ventualities finally you come to a decision and you are concerned if it is the correct one. It is the correct one at this point in time. We are watching with great hasrest how the debate become so politicized. We are scratching our heads, trying to figure out whether it is the right thing to do, but it is not politicized the same way as in the states. You mentioned in the headlines, the president finally wearing a mask to walter reed. That is may be a big step in the right direction. One angles certainly there. Us with an will join update, leading the way, the effect on the economy and of course across the different markets. With news in new york city, here is ritika gupta. Ritika good morning. 15,300 newed record coronavirus cases in florida, the biggest oneday rise since the outbreak in the u. S. The n
Rates. Not want negative the bank of englands own debate with subzero policy continues. Andrew bailey testifies today as the u. K. Chancellor sees a recession unprecedented in scale. 6 00 a. M. In london, 9 00 a. M. In dubai. The global debate on negative rates. Rbnz thatt was the shifted the dial in terms of monetary policy. Only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. I think it will be interesting to see where the fed would be with the ecb. Their rhetoric is shifting further away from the and irp domain nirp domain. Lets see what happens with the bank of england. Nejra you love that phrase and i do remember it well. Absolutely saying that negative rates have got to jump the hurdles. When we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but
Good morning, everyone. Tom keene here. Thrilled to be with you, honored to be with you with your coverage of 10 downing street. How will the Prime Minister celebrate this important day . Are all going to be listening to another Prime Minister about 3 00 u. K. Time, tom. You quoted him talking about winston churchill. We will get a broadcast of what he said at that time 75 years ago. Interesting the parallels between then and now. Of course, limited as they are, certainly a very difficult time to be celebrating 75 years since given we are not able to go out onto the street and celebrate. Tom just extraordinary week that it has been. On this friday, of course, all focused on the depth of the jobs report that we will see at 8 30. That was adjusted over the last two days with a difficult adp report on wednesday and a really challenging and grim weekly jobless claims report. Right now with our first word news in new york city. The top trade negotiators for the u. S. And china have agreed t
Much needed rest. Guy johnson helping out, and we are thrilled by that. Guy, it is so exceptional to see a leader ill and certainly within this crisis. Give us the mood among the government, among dominic raab and others, the emotion right now around 10 downing street. Guy clearly everybody is hoping that the Prime Minister gets well and soon. This could not come at a worse time for britain as the country continues to fight the outbreak of the virus. I drove past this morning, and it is very busy down there as the world waits for news over what is happening to the prime unitter, moved to the icu in st. Thomas to make sure he was close to a ventilator. Clearly his situation has deteriorated recently, significantly. We understand he is still conscious, news remains limited. We now have a government that is led by dominic raab. He is the secretary of state and the foreign secretary. The u. K. Has government by cabinet. He will need to maintain a consensus within that cabinet. I suspect th