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Congressional hearing held during the extenuating circumstances of a pandemic. We have a sparse crowd and an expanded dais reflective of the committees adherence to guidelines put forward by the rules committee and attending physician. We thank our members and staff are there patience and understanding as we work through the logistics involved in holding this hearing, which is a critical part of the committees ongoing oversight of the Intelligence Community. Members will be joining us on a rotating basis throughout the morning. Again, this afternoon, as we move to close session. Their absence now is not a reflection of the importance they place on this matter. We have asked members to watch as much of the hearings as they can from their offices, only coming into the hearing room to ask questions. I would also like to thank the press corps for your accommodation of the restrictions we are placing as we seek to fulfill our r ....
Good evening, everyone. This is bloomberg surveillance, im Francine Lacqua. The news flow is pretty terrific today. The coronavirus, the lockdown, the impact of our economy, and our hearts are always with the families that are rather losing loved ones are actually fighting for their life. This is what im looking at the markets. The next couple of weeks may will be rocky because a lot of the focus will be on earnings. So if im looking at stocks, they are up today. Up. Indices, futures also we really dont know what we get from this earnings season after the pandemic upended the global economy. The other story is oil edging up gold, slipping from a sevenyear high. We will get to more Market Analysis shortly. Lets get straight to the bloomberg first word news. In new york city is viviana hurtado. Viviana an extension to the bekdown, it is expected to announced later this week. ....
Tolls. President trump team preps plans to reopen the u. S. Economy. Boris johnson remains in intensive care. The single currency wobbles as she euro area finance minister struggle to come to an agreement on a Recovery Plan as the joint debt issue is a sticking point. A joint press conference expected at 9 00 a. M. London time. Oil moves higher on reports saudi arabia and russia could stop this comes as the u. S. Cuts its Production Forecast ahead of tomorrows opecplus meeting. As i said, just under one hour away from the start of cash trading in europe. Take a look at futures this morning. It is a bit of a flat trade. As we said, you have euro stoxx 50 futures down 1 as well as ftse futures. If you take a look at u. S. Futures this morning, you see a higher picture so they balance each other out. S p, dow jones, and nasdaq futures all of although you did have u. S. Stock ....
Josh, walk us through what we know. Josh we started the week with the president saying he has absolute authority. This plan gives governors widely way to make wide leeway to make their own choices. You can jump into phase one immediately if you have met certain conditions. The governors will have a lot of leeway to determine if the states have met that. He is recommending that if they do not see outbreaks or meet certain conditions, subject to their interpretation of those conditions, you can get back to normal in about four weeks. This will raise questions about the risk of a second wave. Whether the u. S. Has the Testing Capacity to respond. Call the president had a with senators and governors today. What do we know about that phone call . Josh we have seen this thing brewing for a while. Protests in michigan this week against what they view as stringent orders. The governor of michigan is democrat who could be joe bidens runn ....
And taiwan. You have elections coming up. Keep your eye on that. We are either flat or slightly higher. Safe havens, looking at dollaryen above the below the 200 day moving average. You are looking at oil pushing towards session highs, new york 1. 6 to the upside. In case you missed it, breaking news out of iraq, the top iranian commander was killed in a u. S. Airstrike with reports in the last 30 minutes or so. Thena lets get more on markets. David was just mentioning this news about the commander being killed in baghdad. What does it mean . What are you watching her . I think it means we will have geopolitical tensions coming back in the new year. The s p 500 in reversing earlier gains, and the yen is being beat up. But i dont think this is going to last. I think after the dust has settled and the markets continue to focus on the fundamental improvement, this liquidity part can still continue after china with liquiditya banks. An era for the emerging markets. Same macro theme. It wil ....