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This is the august 12th, 2020 budget and pre prations meeting. Im sandily fewer, chair of the budget and Appropriations Committee. I am joined by Committee Member supervisor walton, mandelman, ronen and yee. Do we have any announcements . Due to the Health Emergency and to protect our members citi employees and the public, the board of supervisors and ledge lay ter of chamber and Committee Room are closed but members will participate in a meeting remotely. This is taken pursuant to the local, state and federal orders declarations and directives. Committee members will attend the meeting throug...

Data on industrial output offers signs of encouragement. Shares in gilead jumped in late trade on positive reports on a coronavirus drug. Openg source on plans to factories in seattle. We hear from the ceo of rival airbus. We are seeing a lot of positive sentiment across the markets today. Investors seeming to be looking to the data we got out of china. Not really a surprise we got that drop in firstquarter gdp. The big question remains if Consumer Confidence can come back as the lockdown starts to ease. Speaking of that, it is u. S. Esting, you will see futures. The question remains well inve...

Chinas economy contracts for the First Time Since at least 1992 after the coronavirus lockdown but industrial output numbers offer signs of encouragement. Stocks push higher as President Trump outlines steps to reopen the economy despite data showing 5 million more americans filed for unemployment. Plus hedge funds suffer a volatile march. And the worst ever losses posted. We will see this morning what u. K. Asset manager things. Breaking headlines on european car sales plunging 52 in march. European car sales more than getting cut in half in march yearoveryear. The biggest drop on record. We ...

The various heroic people working at mount sinai hospital, i am tom keene, Francine Lacqua in london. Cavendish,d to baron it is an interesting mix in the United Kingdom of the politics of the government and the fairly grim pandemic statistics. Seenine we also havent from Boris Johnson and a while, so the daily briefings are led by various cabinet ministers, and yesterday we had the further three weeks of lockdown expansion extended. As baroness cavendish was saying, maybe we need more testing. What the markets are looking at, they are looking through the number of cases that are slowly increa...

Little bit. We are seeing btps with a little but of a bid today. Euro with an offer. It is interesting that stocks are higher and the dollar is higher as well. Crude is also tracking a little bit higher. We are trading on the global 27. 95. K at european markets probably in a bit of a Holding Pattern right now. We are going to carry on the conversation on what is happening with some of these big global banks that are reporting numbers. James gorman of Morgan Stanley was the latest entry into the story today. We will be hearing from mr. Gorman very shortly. This is bloomberg. Welcome to our Blo...