Im yousef gamal eldin in dubai. Quite the risk on session. Lets get you the state of play. The signals were getting between the u. S. And china are encouraging. S p 500 many futures are higher. Quite a few gains in the european stocks story, as well. Tech and cyclical sectors, including autos, are leading those gains. Fund managers are overweight on 2018, according to the latest bank of america survey. Telling bonds standing out, paring middle of the gains. Treasury study in the United States. Eurodollar at 118. 16. Little upside, weaker dollar story weighing on broader g10 space. At a net long position, the least bullish in three weeks according to the latest data. Lets check in on your bloomberg first word news, will be get you some of the other stories were watching, starting off with president donald trump. He says a coronavirus treatment that involves blood plasma from recovered patients will be expanded to more sick americans. It adds to therapy even before researchers fully unde
A legit state sponsored torture begins in germany. A standoff in the South China Sea the u. S. And a stray away into a dispute between china and malaysia. And in sports the n. F. L. Draft gets ready to go virtual the games best Young Players will be selected remotely millions of fans watching. Lets begin in the United States where figures released just hours ago paint a devastating picture of the economy in just 5 weeks tens of millions of jobs have been wiped out take a look at the numbers last week another 4400000 americans filed for Unemployment Benefits thats fewer than the week before when more than 5300000 registered for jobless support but the scale of these weekly figures is unprecedented in all more than 26000000 americans have now applied for Unemployment Benefits since the end of march that was when President Donald Trump made the 1st of his coded 19 outbreak declarations. I want house correspondent kimberly house joins us live from washington d. C. Rising unemployment kinle
On plans to withdraw american troops from the region plus. The stand ready to support a medically australias Prime Minister sends more troops to areas facing the devastation from the rapidly spreading wildfires. Tello we begin with the latest fallout from the u. S. Air strike that killed a top iranian general washington has Just Announced a new wave of sanctions on iran that target the countrys steel and Iron Industries in a joint press conference with the u. S. Secretary of state my pompei oh the treasury secretary Stephen Newton said excuse me the 17 new sanctions will cost iran billions of dollars. Pump a also announced sanctions that would hit 8 senior officials that would cripple irans internal security system. We are announcing 17 specific sanctions against irans largest steel and iron manufacturers set 3 seychelles base sent to ds and a vessel involved in the transfer of products as a result of these actions we will cut off billions of dollars of support to the Iranian Regime an
Welcome to bloomberg daybreak europe. Risk off in todays session and red on the screen. Below the surface, most of the indices are in the red after President Trump signs the bill supporting hong kong processors. The question is if this will impact on the market. It yesterday we saw the s p 500, dow, and nasdaq hit a record high for a Third Straight day. We saw a little bit of a decline in personal spending. Gdp Growth Holding up. Foot,utures on the back but expected liquidity in stock and bond markets. We did see the 10 year treasury yield up yesterday, and the dollar strengthened for a seventh straight session, hitting a sixweek high. The yen unchanged at the moment, but we have seen the yen balance back as a safe haven bid because of concerns around u. S. And china trade. Hitting a oneweek high after a key poll in the u. K. , very good at predicting the 2017 election, showing the conservative Party Heading for a majority. Oil, a little soft. To the hong kong story, President Trump ha
Hes in Critical Condition and severely injured in this accident last night. Reporter cars and minivans scattered across the street with debris. They described the accident a scattered collision. He hit another car. That car hit another car. Reporter around 8 00 sunday night, investigators say the driver of the van was speeding down myrtle avenue in jersey city when it hit the silver car. Police say the van spun out of control and pushed the car into a driveway. The car striking and critically injuring a Jersey City Police officer that was standing on the sidewalk. The Chain Reaction accident sent car parts raining all across the street, leafing 12 people hurt. I was leaving 12 people hurt. I was shocked it was daylight kids were outside riding their bikes. There was a group of kids playing football when the accident happened. Get hit. They did not get hit. Amen. Reporter the name of the released. As for the driver of the minivan, witnesses say he tried to run from the scene but was app