Matt u. S. Authorities worn americans to prepare for a can potentially coronavirus outbreak to prepare for a potential coronavirus outbreak. Meanwhile, rio tintos windfall. They report their highest fouryear profit in eight years on a surge in iron ore prices, but the Company Warns of significant uncertainty if the coronavirus persons. And a South Carolina freeforall. Democratic president ial candidates turn on Bernie Sanders and his rivals came to stall the front runners momentum. Matt, let me pick up with whats going on with breaking news this morning. Weve got a number of corporates reporting. Lets get to the luxury sector with hermes. 10. 7 . S up by the estimate was an increase of 10. 7 . Thats a redhead line across the bloomberg this morning. Still talking about ambition, some commentary coming out of the luxury french business. The ceo is saying it is too soon to know when sales will rebound. There is a potential normalization from coronavirus in china. In china, there has been
Between the eu and u. K. To avoid some really catastrophic stuff in financial markets, but that is pretty that is pretty limited. The government has certainly stepped up its efforts. That is true on the eu side as well. One of the things thats going to be interesting is if there were an election, there would be some control over how much the government would continue to do no deal planning during the Election Campaign. It is also true that some things could be prepared for and some things you simply cannot prepare for. One of the things people are most worried about is food. You have ministers saying there will be adequate food and enough food, but you also have the supermarkets saying that christmas is going to be a real problem. Joe obviously Boris Johnson in theory wants to call an election for a few weeks from now, but theresa may also called a snap election, thinking that she would dominate, then was done by the for showing of the conservative party. Labour nearly took over. I kno
Surveillance. I am Francine Lacqua. These are your markets. The one to watch out for is remember the is remember the. We are seeing stoxx 600 down to 6 . Eurodollar 11133. We are getting Euro Area Services for the month of july. That is pretty much what we are expecting. You can see that this move is also having an impact on s p futures, down from 1. 1 . A sick resources are the ones losing the most. Basic resources are the ones losing the most. , we will have plenty more from your markets. Lets get to the bloomberg first word news in new york city with viviana hurtado. Viviana china is asking its businesses to suspend imports of u. S. Agricultural products. Firm will wait to see how trade talks grass. This coming after trump escalated tensions last week. He proposed tariffs on another 300 billion of chinese goods. 30 are dead and many more wounded in the attacks that happened in ohio after two Mass Shootings in the u. S. This Weekend Hours apart. The shooter in up also had in el paso
Afternoon if you are watching from asia. These are your markets. We have quite a lot going through and extra data to check. You can see the stocks europe 600 down 2 because of the fair catch fresh tariff ramp imposed kind of came out of nowhere. People are wondering if it means we will not see a resolution. The one to watch, extending gains and treasuries heading higher. Crude at 54. 8. And if you break down some of the stocks and where we are seeing nervousness, you can see basic resources down 4 . And the u. S. 10 year yield at 1. 84. Coming up later on the program, we have a great exclusive for you. When youre on from taking the ,op job, we talk trade, china and luxury with chief executive. Dont miss that interview 30 minutes from them. From now. Now lets get first word news. The new Prime Minister has seen his parliamentary majority cut to just one after losing an wales. N and the liberal democrats won the special ballot. The tory mp for the area have been recalled after a convicti
Thank you for watching bloomberg surveillance. The stocks europe 600 down a touch. A lot of the focus is on the jay powell. You can see the u. S. 10 year yield at 2. 10. And we are looking at the pound. Boris johnson is the person who will probably become the Prime Minister and keep saying no deal brexit should still be on the table. We seeing Market Movement with the pound extending. You can see cable at 1. 2458. Coming up, we talk commodities with blackrock at 10 30 a. M. London time. But first, lets get straight to bloomberg first word news. China are. And holding the first highlevel talks since a truce was called in the trade war. Top trade officials are speaking on the phone. Larry kudlow says the initial talks were positive. There was headway last winter and spring, then it stopped. Hopefully, we can pick up where we left off. Ambassador lighthizer and secretary mnuchin are exploring all that. Discussions today went constructively. But its too soon for details. Factories and bare