These are the markets, not as sharp as the selloff is yesterday, but markets seem on hooks accounting for new cases coronavirus, and what happens to quarantines and isolations, and what happens to the economy. European stoxx 600 flat. Fell 6 if not more, now down 0. 3 . The u. S. 10 year yield, a good litmus test when looking at risk, s p futures up, they were lower a short while ago. At 10652. Lets get to the first word news. We begin with u. K. Prime minister Boris Johnson facing complaints of bad faith ahead of talks with the eu. Both sides are accusing the other of backing away from past promises. Johnson says it will take priority over a trade deal. Bernie sanders and Michael Bloomberg has escalated, mr. Bloomberg criticizing bernie control record, and sanders suggesting bloomberg could not win a debate against donald trump. Sanders is favored where bloomberg will be on the ballot for the first time. Michael bloomberg is the owner and founder of the Parent Company of bloomberg new
And we speak live to the former white house chief Economic Advisor gary cohen. Up, a new Community Pro or a new economy for a new economy. We bring you exclusive interviews with the Credit Suisse chief executive, ubs, and many more. Welcome to bloomberg surveillance. I am a Francine Lacqua. Before we get to any of those interviews, let me just have a quick check on the markets for you. Look at stocks dropping in europe. Asia was a mixed session. Fromcomes as support congress for protesters, kids prospects of a trade deal. We are also looking at bonds edging higher. Beijings chief negotiators says he is cautiously optimistic after a phase one trade deal. Lets get straight to first word news in new york city. Rudy giuliani and donald trump demanded a quid quo pro from ukraine. Is astunning admission damaging testimony for President Trump. He went on to say giuliani was holding up a white house meeting unless ukraine announced investigations. The latest debate, democrats focused on Presid
Betterthanexpected chinese data, giving a lift to the market. It may have gotten a little bit better. Opec up 1. 7 . Of november manufacturing also ,oming out, that tmi figure indicating a contraction because its below 50 but better than the 46. 6 that was our preliminary preview. Coming up its merger monday, all things deals with the cohead of global m a a jp morgan. Lets get straight to the bloomberg first word news. Signaling they will consider deeper cuts ahead of the latest opec plus summit. This is despite the rest of the coalition showing reluctance to refuse output reduce output even further. The meeting in vienna starts in december the fifth. The Junior Coalition partner in the German Government electing a new leadership, throwing the government into crisis. Social democrats are bringing in a team that vocally opposes the alliance with chancellor Angela Merkel. The new leadership signaling it wont bring an abrupt end to the coalition and its more likely to put forward a set of
These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
These are the markets. A little bit of a lift, and a lot of focus on tray concerns between the u. S. And china. A letter concerns with turkey and possible sanctions. Overall, there is optimism about fed policy and when it comes to brexit. 26 and there seems to be hope on the market. It will be difficult on brexit by the end of the week. Thursday and friday is the allimportant eu summit in brussels. Wirecard under extreme pressure. Aumping this morning after ofry accuses the Company Total nonsense. The share price is down 15 . We will speak to the nobel prizewinning economist who won yesterday, Michael Kremer. Time, a london conversation with James Bullard. Brexit. Gan with the eu chief negotiator Michel Barnier saying a deal is possible this week, after the telegraph reported a mood of cautious optimism. The leader of thin land who says there isnd not enough time to reach a deal before thursday. In hong kong chief executive carrie lam denied the city is a police state. She repeated vio