What should be done with the stone north from africa. This is being hotly debated on both continents. The moon sold for september 7th on g. W. And economic upswing for germany the countrys Central Bank Says thats in the cards but after a historic downturn where is that growth meant to come from. Also on the show German Farmers say their wheat harvest will fall drastically after 2 years of drought. And river holidays are all the rage in russia as the locals avoid overseas travel. This is the italy business im joined now the milan in berlin thanks for joining us or where a bit of good news on the economic front in these troubled times germanys central bank the bundesbank says its expecting strong growth in germany in the summer of this year but its also warning against expecting a return to precrisis Economic Activity too soon. The days when there was not a soul to be seen on german streets are over with the lifting of coronavirus restrictions life is returning to normal since the low po
On in berlin thanks for joining us a rare bit of good news on the economic front in these troubled times germanys central bank the bundesbank says its expecting strong growth in germany in the summer of this year but its also warning against expecting a return to precrisis Economic Activity too soon. The days when there was not a soul to be seen on german streets are over with the lifting of coronavirus restrictions life is returning to normal since the low point in april things have been on the up. In the 2nd quarter the German Economy slumped by 10 percent the biggest fall since world war 2 the Balance Sheet for the Current Quarter looks set to show a big increase according to the bundesbank. The impact of the coronavirus in the broader economy has been relatively small the engineering industry shed over 30000 jobs in the 1st half of the year with over 1000000 employees in the sector this is bearable. The Services Sector and private consumption also did not completely collapse as the
Everything going on in washington, it was a historic evening last night with the the of the matus mattis essay in the atlantic. Jonathan it was quite the contrast for the president of the United States. No question about it. I know we are going to go to kevin in a moment, but it is an. Xtraordinary moment the number one thing is the president s response has pretty much been on radio silence. Looking to hear from him a little bit later this morning. Ecb and Christine Lagarde. Lisa the interesting thing to me as we are not necessarily seeing the emergency in markets. As tom was sand, we are going to get the release. We got thoseget, u. S. Initial jobless claims every thursday morning. How quickly are some of the people getting rehired . How much are these numbers understating the situation given the discrepancies we are seeing . So many questions, but hopefully we will get a glimpse into potential recovery. Jonathan we will bring that data to you at 8 30 eastern, just ahead of that News
Being pushed between them and the u. S. With a new cold war. Wang yi, the foreign minister , warned the u. S. Not to cross beijings redline on taiwan. In the u. K. , Oxford University has reportedly run into a hurdle are developing a coronavirus vaccine. According to the telegraph, a decline in infection rates may make it difficult to prove whether the vaccine is indeed successful. A is said that there is only 50 chance of coming up with an effective vaccine. Japan is issuing a state of instituting masses massive testing, but its death toll is far below 1000. Global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in im than 120 countries, leighann gerrans. This is bloomberg. Nejra . Nejra leanne, thank you so much. We are seeing clear risk on an todays session. Bear in mind that the holiday in the u. K. Of the u. S. Will be thinner liquidity, but even with the emergence of geopolitical risks with regard to hong kong, euros o
Italy overtakes china as the country with the most coronavirus deaths in the world. Gains in france and spain. Removing the red tape in america. President trump says he is working to speed up approval for treatments as teva rushes to bring a malaria drug to patients. California orders its residents to stay home. Rush hour refuses to submit to saudi arabias Oil Production plan. The kremlin sees riyadhs move as blackmail. Is there more turmoil ahead . Just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures. We are seeing some decent gains in european futures, Even Stronger than what we see in the u. S. You can see euro stoxx 50 futures up 50 , as of the futures for dax. Take a look at u. S. Futures. More than 2 gains with nasdaq futures up 3 . If you take a look at the big drops during the recent crisis, the nasdaq has fared far better than the s p and the dow jones. Today looks like it will do better in terms of gains as w