Investors are trying to digest the barrage of dats out of china. The conclusion at the moment is it is negative. Were seeing the s p out of many futures. The real standout here is the c. S. I. 300 stock. China sinking to the worst since february 3. Chinese shares really nraveling. 0. 62. Remember we have a heavy european bond supply in the pipeline. No change is expected. It is all going to be about guidance. Demand for eurosterling ahead of the e. C. B. Policy decision according to some of the fx traders we have been speaking to. Coming under pressure down. 6 . We closeded close to four month highs. Limited support from u. S. Crude inventory helping that trade. Lets get some of the other important stories were following for you. Thanks. Coronavirus cases continue to surge in the u. S. With california reporting near reported cases and fatality. The worlds biggest retailer requiring customers to wear masks. Walmart joins starbucks, costco and best buy in the move. The coronavirused a it
Coming up for the rest of the hour. The chairman and ceo of train technologies trane technologies, they do hvac. We will talk about how you recondition all of the airconditioning units that we have to allow us to basically eat and drink inside. A really important conversation as we think what will happen as we approach the autumn and fall. What will happen to the service side of the economy. The banks are in big focus. 93 man sachs reporting a surge in revenue on the stocks and bond trading in the Second Quarter. Highlights is our bloomberg wall street reporter. They have a lot of questions about the m a environment. Goldman the lead m a advisor. The backlogn saying is higher, but he expects activity to continue in the next two to four quarters. , but we will see them come back. There are a lot of uncertainties. One question was about the election season. Solomon warned that is a ways away. As we know in the u. S. There are major uncertainties with how largescale deals are viewed among
U. S. The global focus. Ines surged cases surged california and texas. Walmart demands customers wear masks. Knowing green. New south wales has a new plan for renewable power, energy and the environment. Quick check of the markets, u. S. Futures opening flat. This after u. S. Stocks climbed to a fiveweek high in the regular session. We have 10 of 11 s p 500 sectors closing up. He had vaccine developments bringing this rush of optimism to financial markets. This, despite escalating tensions between china and the u. S. Moderna and astrazeneca are rising on the optimism. More positive ecodata, u. S. Industrial output rebounding in june. Pickup in Economic Activity. Take a look at what oil is doing. Under a little pressure, headed towards the 40 per barrel level. This after jumping to a four month high. We had strong ecodata and we have President Trump indicating he doesnt want to add more sanctions against chinese officials for now, not to mention a report on a drop on u. S. Crude stockpi
Authorizing highway, bridge, aviation, and waterway projects. Members are working on 170 amendments. They plan to complete work on those amendments around midday today. That will be followed by a vote on final passage of the package. Live coverage now here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Loving god, thank you for giving day. Other we ask your continued protection empowerment of those who tend to the sick and those who medical solutions to this dangerous pandemic. The work of the house these last few days to votes. Wo upport for the department of agriculture. During these times Food Production and delivery and the many e been among challenges facing our nation. Whatever the particulars of this may it proceed through the legislative process ultimately help the benefit of all americans. We ask, also, your continued protection and empowerment of hose who live heroic lives d
While we are facing the most serious Global Public Health Emergency since the end of the second world war, catching the world by surprise, covid19 has hit over 210 countries and regions. It has affected more than 7 Million People around the world and claimed over 300,000 precious lives. I mourn for every life lost, and express condolence to the bereaved families. The history of human civilization is one of fighting diseases, and triumphing over disasters. The virus does not respect borders, nor is race or nationality relevant in the face of the disease. Confronted by the ravages of covid19, the International Community has not flinched. People of all countries have tackled the virus headon. Around the world, people have looked out for each other and pulled together as one, with love and compassion, and extraordinary synergy in the fight against covid19. In china, after painstaking efforts and enormous sacrifice, we have turned the tide on the virus and protected the lives and health of