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
Slowing Global Growth. There were a couple of officials felt it was a close call. Besides casey, president esther george, and bostons rosengren, appears those two were only dissenters. They were in favor of a rate cut last meeting. Several thought cutting rate would better align the fed fund rate with the yield curve. Officials saw trade tensions easing somewhat last meeting, they still view trade tensions, slowing Global Growth as prominent risks to the outlook. They are monitoring those carefully. They expect to continue to weighing on manufacturing, Business Investment. Theyre watching to see whether that spills into the job market and whether that can hurt consumer spending. Speaking of the job market. There was robust discussion on that. Officials were talking about whether the pace and slowdown of the job market is a sort of a natural occurrence that could relate to full employment or whether it is because there is a loss in momentum. Also on a note, very interestingly, fed Offic
You stories of veteran entrepreneurship, you do not want to miss. All that and so much more on making money. Charles violence escalating in hong kong. One protester actually shot by police. Another set on fire. Hong kongs leader vowing to do Everything Possible and spare no effort to stop protests taken over the city for months. Greg palkot is live in london with the very latest. Greg . Reporter charles, we have watched it on the ground in hong kong. It was nasty when we saw it but weve been watching these images today and in fact one journal is describing it as the worst day of violence in five months of unrest in hong kong. There were several important incidents but perhaps the most severe one, one, a Police Officer grabbed one protester and then with a gun, using live fire, shot at pointblank range another protester right in the stomach. He went down. It was on widelyviewed video. He is in Critical Condition. A man reportedly got angry with other protesters was doused a flammable fl
Way. Will it outweigh the rising cost of everyday living . That and much more on making money. Charles President Trump set to meet facetoface with the chinese vice premier in the oval office in less than 45 minutes. The markets rallying over reports that the u. S. Achieve a partial agreement with china. Here is deirdre bolton. Reporter the idea that the market is rallying or partial deal. Two moving part i hear from our sources is most likely. The first, as of tuesday, october 15th, the u. S. Had already cleared for to us put an additional 5 of tariffs on chinese goods. 250 billion worth on the 15th. So taking them from the current level of 25 to 30 . So our sources are telling us, more than likely the u. S. Will just hold steady at 25 . Not raise them to 30 . If that happened, that would be seen as a act of goodwill from the u. S. Side towards the chinese side. Now one thing that has already happened, but certainly important for u. S. Businesses is that the Chinese Securities Regulato
Open up higher, just a little higher, and yes, we are still very close to record highs. The dow is going to be up maybe 15, 20 points. Very small gain for the s p, 11 points up for the nasdaq, but up is the operative word of the day. Now look at this. Street battles in hong kong. That is the right word to use. Water cannon was in use, police pointed their guns. There is a report of a shot fired in the air. Chinas leader has a growing problem in his own backyard. Tomorrows october 1st. Chinas big day. The last thing xi jinping wants is more violence in the form of british colony. Big protests are planned. We will be looking at the impact of this on china trade and yes, on your money. Look at this, too. Huge fire at a new billion dollar train station in saudi arabia. That comes on the heels of the attack on the big oil refinery there, and the shooting death of a saudi general who was a bodyguard to top saudi leaders. Plus a reported attack on an American Military installation in somalia.