A century. Also had china and india agreed to disengage their troops a disputed border area days after shots were fired the 1st time in decades. And in sports arena williams wont be claiming a record equalling 24th round slam title at this years u. S. Open american was knocked out by victoria answer ranked in the semifinals of flushing meadows. Your main story hundreds of refugees and migrants are protesting on the greek island of last boss demanding to be allowed to leave and to go to the mainland. The Police Arrived early on friday as tensions heightened with the migrants who spent yet another night without shelter and looking for food after fire destroyed europes largest. Refugee camp the government will not allow them on to the mainland and is working to house them in tents and on chartered ships earlier 10 e. U. Countries agreed to take in 400 unaccompanied minors from the camp germany and france say they will take in most of them. At the camp he says theres nothing left for the p
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th
U. K. s chief negotiator rejects a proposal to avoid a no deal. Him ask exclusively with he plans to shore up recovery. A lot of things for markets to grapple with. We have concerns about the record cases in the u. S. A number of states, not just texas, pausing on reopening. The initial jobless claims causing some concerns. Could we see layoffs coming through, even with the reopening . We look ahead to Consumer Spending data in the u. S. , and the news flow yesterday and overnight. On the one hand, given one hand to the banks volcker rule, and dividends. We did see the s p 500 yesterday. Chinese markets are closed. We do see a risk on trade in equities. In terms of her features are positioned, muted, up to 10th of 1 . 1 2 10 of 1 . The bloomberg other index is pretty much unchanged. The 10 year yield is study. For oil is study. For is steady. , its beenor oil tempered with a sharp drop in export plants. It is headed for its highest weekly decline since april. Wall street lenders will s
Course in america we go into the jobs report next thursday because of independence day, a week from today. Is viruserica, it front and center. I would agree with you, europe is a different tapestry this morning. Francine it certainly is. Watch out for germany because it seems the overall number of infections rose, but there are pockets where it is researching. Lets get to first word news in new york city with ritika gupta. Ritika good morning. The u. S. Has not seen a day like this since the coronavirus pandemic hit. The country registered its biggest ever jump in cases, and that is leading some governors to reopen their states. To pause reopening their states. Texas has suspended elective surgeries in big cities. Businesses that are already open and operate. There are reduced occupancy limits. The administration has asked filed a brief with the Court Last Night that urges the entire Affordable Care act must fall, including its protections for people with preexisting conditions. The Su
You from the bloomberg terminal. American contagion. The u. S. Records its biggest ever jump in new virus cases. Governors reverse plans to reopen their states. Powell puts his foot down. The fed dividends bid buybacks. Buybacks amid uncertainty around the pandemic. Wall street giant slide in late trading. An elaborate fraud. Auditors accuse them of a sophisticated scheme to hide billions of euros. Visa and mastercard consider cutting ties. Just under one hour away from the start of cash equity trading in europe. Lets take a look at the futures as they are trading now. Yesterday, we closed slightly in the green. The u. S. Also rose and rallied into the close on news that banks would get a little bit more room from regulators to trade and be able to use more of their capital buffers, so diminishing the volcker rule, helping in the u. S. European futures are up as well as we get headlines that klm is securing a 3. 4 billion euro bailout from the dutch government, so we see more hope of s