And of austerity. The u. K. Prepares its biggest dose of stimulus in decades. It really is said to plan doublings doubling stimulus to combat the outbreak. President trump appears to a coronavirus conference. He was expected to announce a major stimulus package that he hyped himself the day before. And, taking a hit. Couldsays the coronavirus knock First Quarter quarter china revenue by one billion euros. We will speak to the ceo in just over a half an hour. Youve got some breaking news down there on the green from the bank of england. Anna absolutely, breaking news. Itsbank of england reduces bank rate. The bank of bank rates by 50 basis points. 20. 25 . A surprise rate cut from the bank of england. Just as we saw a surprise rate cut from the fed. Here we are seeing me seeing a great deal of cooperation theeen the fiscal side of monetary side in the u. K. Investments are waiting for an update, waiting for the government to respond to the coronavirus. We are also hearing about a Moneta
Financial sector to its part in fighting lemon change. Climate change. A lot of the focus is on trade or what will happen between the u. S. And china. Gold, always a good litmus test for risk. We can see the yield at 1. 85. Stocks gaining 0. 4 . A lot of focus is on earnings. Loose of ex conversation with the commerzbank she chief Financial Officer. Dont miss that conversation after 10 30 a. M. London time. First, lets get straight to bloomberg first word news. In the u. K. , the first cabinet resignation during an Election Campaign in a century. Quit after aretary report that he knew about a former aides role in the collapse of a rape trial. Ae labour party also suffered blow with deputy leader tom watson announcing he will leave politics after 35 years. He has long clashed with Jeremy Corbyn over the direction of the party. Willank of england probably keep rates on hold as brexit continues to plague the economy. It is expected to cut forecasts. Be nexttion is who will to lead the ban
And ransacked the Parliament Building in china tells other countries to stay out of its affairs. And the womens Football World Cup Team usa care up for their semifinal against england but are the americans already looking ahead to the final anyone thinks so when the talk is adding to the build up out of the games. Im serious i was going to thank you for joining us germanys defense minister was enough underline is being considered for europes top job European Commission president now the head of the Council Donald Tusk has asked e. U. Leaders to back her for the post theyve been meeting in brussels for the past 3 days to try to reach a consensus on replacing the outgoing Commission President chocolat younger its been one of the longest e. U. Summits ever but leaders say they are confident they will be able to agree. Prevail is in brussels following the latest developments for us hi barbara theres been so many names being thrown around the past 3 days in brussels now were hearing that wa
Their semifinal against england but are the americans already looking ahead to the final england think so on the topic is adding to the build up ahead of the game. Im sumi so much god its good to have you with us germanys defense minister or the a fund on the line is being considered for europes top job European Council president on trust is expected to ask e. U. Leaders to back her as the European Commission president now theyve been meeting in brussels for the past 3 days to try to reach a consensus on replacing outgoing Commission President ial argue it has been one of the longest e. U. Summits ever but leaders say they are confident they will be able to agree on something a dutch social democrat fronts to move on as was the previous favorite for the job but the Czech Republic slovakia hungary and poland Eastern European countries known as the vision for rejected that choice heres what czech Prime Minister and jane popish had to say. We have to find a solution we spent 21 hours yest
Will it work . Yes. Will it work . New will it work . Now, new figures that the figures have revealed that the number of Civil Servants earning over £100,000 a has over £100,000 a year has increased to fold just over the last seven years. Extraordinary is it time the Government Cut the number of Civil Servants . Our very own Jacob Rees Mogg will join later on to give will join us later on to give his take. Nobody will giving them nobody will be giving them both barrels and here the liberal democrats are reporting that more than three quarters of all burglaries last year were closed without a suspect even being identified in england and wales. And thats around an eye watering 584 burglaries every single day. They dont every single day. They dont even get cleared up. Even get cleared up. Yes. And as always , please do yes. And as always, please do get in touch on all of the conversations were having, all of the talking points today. Lee anderson has been causing quite a of a stir, too,