Stoxx 600 at a record high. On top of that encouraging news out of china. The pound, 1. 3363, getting a little bit of data with manufacturing. 45. 9 but it is still also indicating contraction. Lets take a look at a share price of electoral a come of , those are down. Mark carney will present the financial report. Thats from 5 00 p. M. London time and we should be a week away from the nomination of the new bank of england governor. Lets get straight to bloomberg first word news in new york city. Boris johnson will appoint new ministers to his cabinet after his landslide victory in the u. K. Election. The Prime Minister will welcome 109 new conservative members of parliament to london. They will take their seats in the house of commons. Downing street saying the government will introduce a law to deliver brexit before christmas. That will pave the way for the eu divorce and take place by the end of january. The International Effort to rein in fossil fuel pollution stumbling after u. S.
Francine welcome to bloomberg surveillance. Green on the screen for european equities, but we are headed for the first weekly loss in six. U. S. Futures are struggling for direction, along with the 10 year yield after we saw stocks as the marketsy assessed the risk around the political situation in the u. S. Table taking ahead, dropping below 1. 23. Previously, one of the more hawkish members saying that rate cuts might be needed even with a brexit deal. Coming up, we speak to commerzbank ceo Stefan Engels after they have revamped their strategy. But now, lets get first word news in new york. The bank of england may have to cut rates you but if the u. K. Avoids a no deal brexit. The comments are a sharp departure. He previously was considered the most hawkish member of the Monetary Policy committee his argument is brexit uncertainty will continue to depress growth. Thats even if the exit is delayed or canceled her the u. S. Federal reserve is looking at a possible shift to its inflatio
Also in the programme, the Us Central Bank reveals its been split over cutting the cost of borrowing ahead of a crucial address by its boss. European stocks are open and falling from health care and industrial, to financial stocks. Also in the programme tackling unconscious bias well talk to man determined to make sure were all on an even Playing Field when it comes to getting a job. Today we want to know do you think paying more for plastic bags helps the environment as the us Supermarket Group morrisons reveals it is raising the cost from 20p, up to 30p, thats 36 cents. Hello and welcome to business live. We start here in the uk with travel worries for thousands of Airline Passengers as pilots at europes biggest budget carrier, ryanair, walk out on strike at the height of the Summer Holiday season. The action by ryanairs uk based pilots began at a minute past midnight and will run until midnight tomorrow the bank holiday, the ybusiest day of the year for air travel. Ryanair is due to
Manipulator. China has been taking steps to shore up the movement. Stocks in europe flat. They were lower early on. Scene to be stabling. Less of aa little bit move then yesterday. Excellence. En par view ofp, we get the Anthony Scaramucci. We will ask him about markets and the Trump Administration at 5 30 p. M. London time. The new york city, here is viviana hurtado. Viviana the yield on benchmark 10 year treasuries falling earlier to a level not seen since before the 2016 president ial election. Recession signals flashing. The spread between threemonth bills and the 10 year yield has seen the most extreme inversion since the lead up to the 2008 crisis. Donald trump delivering his most forceful condemnation of racism and White Supremacy following the Mass Shootings over the weekend that killed more than 30 people. The president did not call for new restrictions on gun ownership, instead blaming the attack on Mental Illness, video games and other cultural depictions of violence. We mus
Negotiations and what they turn to next. We heard earlier this morning from mr. Jeanclaude juncker that they reached an agreement with the u. K. They will be able to talk trade in the next couple of weeks. We still have the pound fluctuating. Maybe investors were expecting more of an impact. Are at their week where it they had quite a bounce where they had quite a bounce. I am looking at the ftse on the back of that brexit, not much of an impact. That could change. Today we talk markets and Bank Regulations with andrea ocho andrea orcel. Mcewan and with ross we also speak to roland rudd. It is quite fitting that we havent brexit show this friday. Lets get to Bloomberg Business flash. Nejra the u. S. Congress has passed a twoweek the first toisions on decisions on settle some larger issues on spending and legislation. At the same time they will be rushing to finish work on tax legislation before leaving washington for the tax holiday. Al franken says he will resign to in the turmoil to