Program germany has posted the most corona virus infections in a day and with infections sharply rising in other countries as well Financial Markets are getting the jitters again amid fears of tighter restrictions european shares sank to near 2 week low on thursday driving the sell off across europe and asia are coronavirus concerns germany reported daily infection rate. On thursday hong kongs hang seng index tumbled over 2 percent shanghai and tokyo shares also fell. Lets cross over to our markets correspondent Chelsea Delaney in frankfurt chelsea a record 6638 new infections in germany leaders are saying the 2nd wave will be big yet theres seems to be little optimism that can be stopped. This is all becoming very real for investors and for politicians and for citizens across europe weve seen over the past few weeks a lot of. A lot of optimism among investors we havent really seen big impacts on the stock market despite these rising number of cases but today it is really starting to s
Biggest spike in cases in nearly four months. Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. This is what the markets are doing , european stocks moving to the downside gorsuch any trading sideways, despite record highs on wall street. This is what we are also looking at when it comes to gold, always look at gold because it gives you a good sense of where there is appetite, slipping back below 2000 on ounce. We saw declines in utilities outweighing gains in travel shares, of the stoxx 600 actually gained. Up, the chief executive of the Hong Kong Exchanges and clearing joins us for an interview after the Company Posted a record firsthalf profit. That is in a couple. Of minutes lets get straight to the bloomberg first word news. We start with joe biden, it is official. He has become the democraticc nominee for president. The second night saw a slate of speakers, from former president bill clinton to representative alexandria ocasio cortez. Biden himse
3386 is the number to watch for that s p 500 record close. 59 minutes until the close we have a big show coming up to day the s p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. And why hes cautious in the short term plus, gaming the impact of the dnc. Well speak with a policy expert who says this weeks Democratic National convention could be a negative for the market even though its happening virtually. Right now, were going to focus in on the big stories were watching to day. Bob pisani is tracking to days action we have the latest on growing tensions with china. And joining us with his outlook for stocks is tony dwyer bob, start us off with the Broader Market whats going on behind the scenes and whether you think we could see that record s p 500 close today. When you get this close within less than 1 he , you usuy can get over it. Were still not there. 3386 as you heard before is the old closing high t
Morning. Dow, nasdaq and s p scoring fourth straight month of gains. One of americas old retailers filing for bankruptcy. Lord taylor hit hard by the coronavirus pandemic. Surprising results of new study ahead. Mornings with maria is live right now. Dagen global action, european markets up across the board. The euro zone economy showing signs of some growth, purchase Managers Index there for july coming in at 51. 8. Anything over 50 shows growth. In asia overnight mostly higher, private survey of chinas Manufacturing Activity showing growth for july. Purchase manager index hitting 9year high. Gold shines, on a roll closing in on 2,000 an ounce. White house officials and democrats set to meet again today to discuss covid19 stimulus bill. Cheryl white house chief of staff mark meadows says we still have a long way to go and hes not optimistic about reaching a solution soon. Democrats want the extra 600 of Unemployment Benefits which ran out last week extended an republicans want to reduc
Be open on sundays that will never happen on his watch. 2016 green president ial candidate, jill steyn, whether she makes the race and wants to jump into the race. President trump would like an impeachment trial in the senate, that he thinks he could state his case. And make case. Blake burman all over that. Hi, there, blake. Reporter is part of strategy we unfold in the white house. Now the president himself is saying democratic controlled house ends up Going Forward with articles of impeachment, then the president would like to have a trial in the senate. Part of the thinking here is, at that point, the president would be able to call witnesses. When he is called in to fox friends earlier this morning, the president explicitly mentioned three potential witnesses, saying he would like to call hunter biden, the House Intelligence Committee chairman, adam schiff and initial whistleblower. We couldnt have any witnesses. We want to call the whistleblower. You know who i want as first witn