Temperatures. More than 8400 wildfires have scorched more than 6000 square miles in california since the start of the year but mostly since august. 31 people have died. The judge investigating a massive blast in beirut in august has received a report from the fbi about its own probe of the explosion. Lebanese media says the judges also waiting for similar reports from french and british explosive experts. Nearly 3000 tons of Ammonium Nitrate exploded at the port my killing nearly 200 people and injuring more than 6000, and causing billions in damage. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Day two of questioning for Supreme Court nominee Amy Coney Barrett
1. 8 trillion. And jobless claims disappointed the street coming in at 898,000. It was the highest rating since mid august. Rising coronavirus cases in europe and the u. S. Affecting sentiment. 59 minutes left of trade down only 23 on the dow. The european measures definitely weighed on european markets. We have improved since the european close coming up, we will speak with gregg lemkau about how the pandemic changed the m a landscape. Plus the ceo of zoom will talk about the companys efforts to branch out beyond video meetings and the stocks run thissier. Fir mike, lets start with you the Broader Markets well off the session lows. A resilient showing throughout the last few years. You mentioned the market lows in the u. S. Were just before the european close perhaps that was one of the bigger pressure points, the overseas action. Where it has taken us though is really hasnt disturbed much of the trend. This is this area. Last week we broke above this range we have been in for a while
And the other major story in the uk the summer heatwave continues to take its toll on people across the uk with temperatures reaching the mid 30s yesterday and its due to get even hotter during the day today. Now on bbc news live to singapore for Asia Business report brace for impact Nissan Motors expects to announce 10,000 job losses as its profit slump by 20 . The worlds biggest plane maker, boeing, says it is 2. 9 billion in the red last quarter. Good morning asia, hello world, it is thursday. Glad you could join us for another action packed addition. Naesen workers around the world are bracing foran workers around the world are bracing for an announcement later today of thousands of job cuts. For an announcement later today of thousands ofjob cuts. According to media reports, japans second biggest car manufacturer will say it is laying off more than 10,000 workers amidst weakening sales. It comes after the Firm Yesterday warned its First Quarter profit, from april to june, yesterda
Overall number in the law, the budget control act, requesting basically a little bit over 1 trillion. 1. 1 trillion as the law allows for. Within that number, he really departed from the budget control act numbers, and he requested a lot more for defense programs. About 54 billion for security related programs. And covers that with an equal amount of cuts in nondefense spending, 54 billion. So thats a violation of the budget control act there. But more than that, its very politically unpopular. Yes members really like the , defense spending increase, but they dont like taking it out of nondefense programs agriculture cut more than 20 . Transportation, federal housing programs cut 15 . Labor, health, Education Programs cut similarly. State Department Programs cut tremendously. And congress is rejecting that. They dont really have their own plan nailed down. While they are inclined to give a lot more to defense, they are not as interested in those nondefense spending cuts. It matters of
I think we will go ahead and start. My Ranking Member senator coons will be here shortly. I will go ahead and make my Opening Statement and maybe we can begin the testimony. Thank you all for being here this afternoon. I appreciate it. Mr. Pai, just personal like to thank you for your comments last week about the tone of civility we need to strike. I think you will find that in this subcommittee so thank you for that. Today marks the first hearing of the Financial Service and general Government Subcommittee for the 115 congress. This is also my first hearing in my new role as the chair pm woman of this subcommittee. I am honored to be serving with senator coons. As we begin the budget request we welcome our witnesses. Fcc chairman ajit pai and commissioners Mignon Clyburn and michael orielly. We look forward to hearing from you all about the fccs budget request and the work you are doing to carry out the agencys mission. The commission has requested a total of 322 million. The fcc fund