London. Gold is on the move. I also wanted to show you lvmh. It is down quite significantly investors inted disappointing investors with earnings. The picture is that stocks and u. S. Futures are pushing higher today. Cooling somewhat but it did touch 2000 late yesterday. Dropped after the french luxury conglomerate reports earnings that missed analyst expectations because of the lockdown. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. Senate republicans have unveiled a 1 trillion plan to bolster the economy. The package, announced by mitch mcconnell, includes an extension to Unemployment Benefits but at lower levels. It includes cash handouts of protection from virus lawsuits. We have one foot in the pandemic and one foot in the recovery. The American People need more help. They need it to be comprehensive and carefully tailored to this crossroads. That is what this Senate Majority has assembled. Meanwhile, nancy pelosi delivered a harsh as
It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
And we expect a normalization of that. But you need to remember as well that in our case, we have been working to stabilize, grow the franchise, recover some market share, so what we are pleased to see is that underneath that sort of outperformance in the market environment that we have been in, we have seen really good franchise stabilization traction , client engagement, improvement in clients. We think that bodes well for the future. You are expecting slightly higher revenue for the full year. Not too conservative now given what we have seen in the first half . It it would be james would be a normalization but i think an improvement on last years second half. Again, especially in our businesses, where a year ago, we were going through a restructuring and there was some uncertainty around our people and franchise, so with that now behind us, we see momentum in the core business, and we would like to see a secondhalf performance well ahead of last years second half, but we will see ho
Regional diplomacy and security with this agreement the 2 state solution. Israel and it say should just a yugo. Hello im come all santamaria this is counting the cost on aljazeera the weekly look at the world of business and economics this week europe how does the continent deal with a rising china and a u. S. President who riles his own allies to the threats facing new york from the silent chinese economic takeover to a full blown trade war with the United States also as black lives matter draws the worlds attention will look at how Silicon Valley and the world of finance has really failed black people will talk to the c. E. O. Who funds black businesses. And state backed Cyber Attacks they are nothing new but theyre also on the rise during the pandemic and the targets are the vaccine make and the purchase. These are i think we can all agree extraordinary times but zoom out and youll see the big picture is just as unpredictable were focusing on europe this week which is that a bit of
Joe biden will unveil his economic plan and that looks awful like America First. That and so much more on making money. Charles stocks sinking after the Supreme Court rejects President Trumps bid to block a subpoena for his financial records and i think it is indictment by manhattan d. A. And wall street sensing their inability to keep the information secret. Perhaps, it wont be a oneday event. This whole market, this whole year has been a dickens tale of two cities. Instead it has been two stock markets, two equity at this indices. One weighed by the old economic names and Old Technology as well. The other one sprinting ahead on new economic names. These companies will form how we live and work in the future. General anxiety continues to hover over the market. Most involving the next round of stimulus. As we learned something in the last two sessions. Maybe the markets prefers stronger economy over more fed stimulus. Think about this, with an hour left to trade on tuesday, one of the